EBTC Management: 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.
EBTC Management
Largest movements
- Receivables within one year +€93,883
up €93,883 (+13,590%), from €691 to €94,574
of which Trade receivables: +€93,000
- Tangible fixed assets -€18,193
down €18,193 (-46.4%), from €39,169 to €20,976
- Cash -€2,298
down €2,298 (-70.1%), from €3,278 to €980
mainly Receivables within one year (-€93,883) and Debts after one year (-€12,650)
- Other debts +€55,485
up €55,485 (+115%), from €48,263 to €103,748
- Profit (loss) carried forward +€29,608
up €29,608, from -€29,339 to €268
- Debts after one year -€12,650
down €12,650 (-45.1%), from €28,041 to €15,390
- Gross operating margin +€97,966
up €97,966, from -€45,850 to €52,116
- Other operating charges -€3,509
down €3,509 (-73.8%), from €4,756 to €1,247
- Depreciation +€2,899
up €2,899 (+19.0%), from €15,293 to €18,193
- Financial charges -€775
down €775 (-34.3%), from €2,258 to €1,483
- Taxes +€586
up €586 (+58.6%), from €1,000 to €1,586
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.
Derived cash bridge
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 | €65,630 | €138,494 | +€72,864 | +111% |
| Fixed assets | 21/28 | €59,169 | €40,976 | -€18,193 | -30.7% |
| Tangible fixed assets | 22/27 | €39,169 | €20,976 | -€18,193 | -46.4% |
| Furniture and vehicles | 24 | €39,169 | €20,976 | -€18,193 | -46.4% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €6,461 | €97,518 | +€91,057 | +1,409% |
| Amounts receivable within one year | 40/41 | €691 | €94,574 | +€93,883 | +13,590% |
| Trade receivables | 40 | €0 | €93,000 | +€93,000 | |
| Other amounts receivable | 41 | €691 | €1,574 | +€883 | +128% |
| Cash at bank and in hand | 54/58 | €3,278 | €980 | -€2,298 | -70.1% |
| Deferred charges and accrued income | 490/1 | €2,493 | €1,964 | -€529 | -21.2% |
| Total equity and liabilities | 10/49 | €65,630 | €138,494 | +€72,864 | +111% |
| Equity | 10/15 | -€26,839 | €2,768 | +€29,608 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,339 | €268 | +€29,608 | |
| Amounts payable | 17/49 | €92,469 | €135,726 | +€43,256 | +46.8% |
| Amounts payable after more than one year | 17 | €28,041 | €15,390 | -€12,650 | -45.1% |
| Financial debts | 170/4 | €28,041 | €15,390 | -€12,650 | -45.1% |
| Amounts payable within one year | 42/48 | €64,429 | €119,785 | +€55,357 | +85.9% |
| Current portion of amounts payable after more than one year | 42 | €12,171 | €12,650 | +€480 | +3.9% |
| Financial debts | 43 | €2 | €406 | +€404 | +20,291% |
| Credit institutions | 430/8 | €2 | €406 | +€404 | +20,291% |
| Trade debts | 44 | €1,697 | €1,338 | -€359 | -21.1% |
| Suppliers | 440/4 | €1,697 | €1,338 | -€359 | -21.1% |
| Taxes, remuneration and social security | 45 | €2,296 | €1,643 | -€653 | -28.4% |
| Taxes | 450/3 | €2,296 | €1,643 | -€653 | -28.4% |
| Other amounts payable | 47/48 | €48,263 | €103,748 | +€55,485 | +115% |
| Accrued charges and deferred income | 492/3 | - | €550 | +€550 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,293 | €18,193 | +€2,899 | +19.0% |
| Other operating charges | 640/8 | €4,756 | €1,247 | -€3,509 | -73.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€45,850 | €52,116 | +€97,966 | |
| Operating profit (loss) | 9901 | -€65,899 | €32,676 | +€98,575 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.7% |
| Financial charges | 65/66B | €2,258 | €1,483 | -€775 | -34.3% |
| Recurring financial charges | 65 | €2,258 | €1,483 | -€775 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | -€68,154 | €31,194 | +€99,347 | |
| Income taxes | 67/77 | €1,000 | €1,586 | +€586 | +58.6% |
| Profit (loss) for the period | 9904 | -€69,154 | €29,608 | +€98,762 | |
| Profit (loss) for the period to be appropriated | 9905 | -€69,154 | €29,608 | +€98,762 |
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 22 October 2026 via checked.be.