EBUR: what changed
Two fiscal 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.
EBUR
Largest movements
- Receivables within one year -€24,200
down €24,200 (-71.4%), from €33,913 to €9,713
of which Trade receivables: -€18,438
- Tangible fixed assets -€8,944
down €8,944 (-2.6%), from €344,517 to €335,574
of which Land and buildings: -€9,394
- Cash +€5,520
up €5,520 (+66.5%), from €8,294 to €13,814
mainly Other debts (+€114,605) and Net result for the year (+€25,593)
- Reserves -€143,091
no longer reported in 2025 (was €143,091)
- Other debts +€114,605
up €114,605 (+7081.3%), from €1,618 to €116,224
- Tax, wage and social debts +€21,649
up €21,649 (+426.2%), from €5,080 to €26,728
- Debts after one year -€19,072
down €19,072 (-9.5%), from €200,276 to €181,204
of which Financial debts: -€16,072
- Gross operating margin +€23,219
up €23,219 (+113.5%), from €20,456 to €43,675
- Financial charges -€1,485
down €1,485 (-34.4%), from €4,314 to €2,829
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 | €389,335 | €361,217 | -€28,118 | -7.2% |
| Fixed assets | 21/28 | €344,517 | €335,574 | -€8,944 | -2.6% |
| Tangible fixed assets | 22/27 | €344,517 | €335,574 | -€8,944 | -2.6% |
| Land and buildings | 22 | €335,732 | €326,338 | -€9,394 | -2.8% |
| Furniture and vehicles | 24 | €3,881 | €2,664 | -€1,217 | -31.4% |
| Other tangible fixed assets | 26 | €4,904 | €6,571 | +€1,668 | +34.0% |
| Current assets | 29/58 | €44,818 | €25,643 | -€19,175 | -42.8% |
| Amounts receivable within one year | 40/41 | €33,913 | €9,713 | -€24,200 | -71.4% |
| Trade receivables | 40 | €28,151 | €9,713 | -€18,438 | -65.5% |
| Other amounts receivable | 41 | €5,762 | - | -€5,762 | |
| Cash at bank and in hand | 54/58 | €8,294 | €13,814 | +€5,520 | +66.5% |
| Deferred charges and accrued income | 490/1 | €2,610 | €2,116 | -€494 | -18.9% |
| Total equity and liabilities | 10/49 | €389,335 | €361,217 | -€28,118 | -7.2% |
| Equity | 10/15 | €161,691 | €18,600 | -€143,091 | -88.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €143,091 | - | -€143,091 | |
| Distributable reserves | 133 | €143,091 | - | -€143,091 | |
| Amounts payable | 17/49 | €227,644 | €342,617 | +€114,972 | +50.5% |
| Amounts payable after more than one year | 17 | €200,276 | €181,204 | -€19,072 | -9.5% |
| Financial debts | 170/4 | €197,276 | €181,204 | -€16,072 | -8.1% |
| Other amounts payable | 178/9 | €3,000 | - | -€3,000 | |
| Amounts payable within one year | 42/48 | €25,868 | €161,412 | +€135,544 | +524.0% |
| Current portion of amounts payable after more than one year | 42 | €15,876 | €16,072 | +€196 | +1.2% |
| Trade debts | 44 | €3,295 | €2,389 | -€906 | -27.5% |
| Suppliers | 440/4 | €3,295 | €2,389 | -€906 | -27.5% |
| Taxes, remuneration and social security | 45 | €5,080 | €26,728 | +€21,649 | +426.2% |
| Taxes | 450/3 | €5,080 | €26,728 | +€21,649 | +426.2% |
| Other amounts payable | 47/48 | €1,618 | €116,224 | +€114,605 | +7081.3% |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Non-recurring operating income | 76A | - | €3,057 | +€3,057 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,384 | €11,055 | -€329 | -2.9% |
| Other operating charges | 640/8 | €2,356 | €2,772 | +€417 | +17.7% |
| Gross operating margin | 9900 | €20,456 | €43,675 | +€23,219 | +113.5% |
| Operating profit (loss) | 9901 | €6,716 | €29,847 | +€23,131 | +344.4% |
| Financial charges | 65/66B | €4,314 | €2,829 | -€1,485 | -34.4% |
| Recurring financial charges | 65 | €4,314 | €2,829 | -€1,485 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €2,402 | €27,018 | +€24,616 | +1024.9% |
| Income taxes | 67/77 | €1,383 | €1,425 | +€42 | +3.0% |
| Profit (loss) for the period | 9904 | €1,019 | €25,593 | +€24,575 | +2412.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,019 | €25,593 | +€24,575 | +2412.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.