EBS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
EBS
Largest movements
- Current investments -€21,000
no longer reported in 2025 (was €21,000)
- Deferred charges and accrued income +€5,998
up €5,998 (+1440.7%), from €416 to €6,415
- Tangible fixed assets -€4,368
down €4,368 (-5.5%), from €79,583 to €75,215
- Receivables within one year +€1,985
up €1,985 (+6.4%), from €30,778 to €32,762
of which Trade receivables: +€3,589
- Cash -€1,932
down €1,932 (-14.6%), from €13,214 to €11,281
mainly Debts after one year (-€34,670) and Investment in fixed assets (net) (-€22,672)
- Debts after one year -€34,670
down €34,670 (-59.4%), from €58,398 to €23,728
- Reserves +€17,606
up €17,606 (+42.6%), from €41,353 to €58,959
- Tax, wage and social debts -€4,074
down €4,074 (-33.0%), from €12,342 to €8,268
of which Remuneration and social security: -€8,290
- Other debts +€2,561
new in 2025: €2,561
- Staff costs -€35,048
down €35,048 (-39.9%), from €87,893 to €52,845
- Depreciation +€11,408
up €11,408 (+73.0%), from €15,632 to €27,041
- Gross operating margin -€9,284
down €9,284 (-7.7%), from €121,171 to €111,887
- Taxes +€4,994
up €4,994 (+200.9%), from €2,485 to €7,479
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,991 | €125,673 | -€19,318 | -13.3% |
| Fixed assets | 21/28 | €79,583 | €75,215 | -€4,368 | -5.5% |
| Tangible fixed assets | 22/27 | €79,583 | €75,215 | -€4,368 | -5.5% |
| Furniture and vehicles | 24 | €79,583 | €75,215 | -€4,368 | -5.5% |
| Current assets | 29/58 | €65,408 | €50,458 | -€14,949 | -22.9% |
| Amounts receivable within one year | 40/41 | €30,778 | €32,762 | +€1,985 | +6.4% |
| Trade receivables | 40 | €27,076 | €30,665 | +€3,589 | +13.3% |
| Other amounts receivable | 41 | €3,701 | €2,097 | -€1,604 | -43.3% |
| Current investments | 50/53 | €21,000 | - | -€21,000 | |
| Cash at bank and in hand | 54/58 | €13,214 | €11,281 | -€1,932 | -14.6% |
| Deferred charges and accrued income | 490/1 | €416 | €6,415 | +€5,998 | +1440.7% |
| Total equity and liabilities | 10/49 | €144,991 | €125,673 | -€19,318 | -13.3% |
| Equity | 10/15 | €47,553 | €65,159 | +€17,606 | +37.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,353 | €58,959 | +€17,606 | +42.6% |
| Distributable reserves | 133 | €41,353 | €58,959 | +€17,606 | +42.6% |
| Amounts payable | 17/49 | €97,438 | €60,514 | -€36,924 | -37.9% |
| Amounts payable after more than one year | 17 | €58,398 | €23,728 | -€34,670 | -59.4% |
| Financial debts | 170/4 | €58,398 | €23,728 | -€34,670 | -59.4% |
| Amounts payable within one year | 42/48 | €38,568 | €36,489 | -€2,079 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €21,794 | €22,670 | +€876 | +4.0% |
| Trade debts | 44 | €4,432 | €2,990 | -€1,442 | -32.5% |
| Suppliers | 440/4 | €4,432 | €2,990 | -€1,442 | -32.5% |
| Taxes, remuneration and social security | 45 | €12,342 | €8,268 | -€4,074 | -33.0% |
| Taxes | 450/3 | €262 | €4,478 | +€4,216 | +1611.2% |
| Remuneration and social security | 454/9 | €12,080 | €3,790 | -€8,290 | -68.6% |
| Other amounts payable | 47/48 | - | €2,561 | +€2,561 | |
| Accrued charges and deferred income | 492/3 | €473 | €298 | -€175 | -37.0% |
| Non-recurring operating income | 76A | €413 | €1,653 | +€1,240 | +300.0% |
| Remuneration, social security and pensions | 62 | €87,893 | €52,845 | -€35,048 | -39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,632 | €27,041 | +€11,408 | +73.0% |
| Other operating charges | 640/8 | €3,109 | €3,348 | +€239 | +7.7% |
| Gross operating margin | 9900 | €121,171 | €111,887 | -€9,284 | -7.7% |
| Operating profit (loss) | 9901 | €14,536 | €28,654 | +€14,117 | +97.1% |
| Financial income | 75/76B | €12 | €535 | +€522 | +4285.4% |
| Recurring financial income | 75 | €12 | €535 | +€522 | +4285.4% |
| Financial charges | 65/66B | €3,659 | €4,103 | +€444 | +12.1% |
| Recurring financial charges | 65 | €3,659 | €4,103 | +€444 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €10,889 | €25,085 | +€14,196 | +130.4% |
| Income taxes | 67/77 | €2,485 | €7,479 | +€4,994 | +200.9% |
| Profit (loss) for the period | 9904 | €8,404 | €17,606 | +€9,202 | +109.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,404 | €17,606 | +€9,202 | +109.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.