EBV: 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.
EBV
Largest movements
- Receivables within one year +€30,997
up €30,997 (+53.6%), from €57,778 to €88,775
of which Trade receivables: +€28,929
- Tangible fixed assets -€17,167
down €17,167 (-7.5%), from €228,130 to €210,963
of which Furniture and vehicles: -€10,307
- Stocks and contracts -€15,530
down €15,530 (-25.9%), from €60,003 to €44,473
of which Stocks: -€14,280
- Cash +€8,904
up €8,904 (+6.6%), from €134,690 to €143,594
mainly Net result for the year (+€82,285) and Depreciation (+€22,701)
- Trade debts +€6,567
up €6,567 (+189.6%), from €3,464 to €10,031
- Reserves -€6,412
down €6,412 (-1.4%), from €447,890 to €441,478
- Gross operating margin +€9,705
up €9,705 (+7.4%), from €130,732 to €140,437
- Taxes +€2,636
up €2,636 (+8.9%), from €29,758 to €32,394
- Depreciation +€2,448
up €2,448 (+12.1%), from €20,253 to €22,701
- Financial charges +€2,333
up €2,333 (+349.8%), from €667 to €3,000
- Staff costs -€1,593
down €1,593 (-66.3%), from €2,404 to €811
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 | €480,626 | €487,829 | +€7,203 | +1.5% |
| Fixed assets | 21/28 | €228,155 | €210,988 | -€17,167 | -7.5% |
| Tangible fixed assets | 22/27 | €228,130 | €210,963 | -€17,167 | -7.5% |
| Land and buildings | 22 | €171,479 | €167,200 | -€4,279 | -2.5% |
| Plant, machinery and equipment | 23 | €29,053 | €26,472 | -€2,581 | -8.9% |
| Furniture and vehicles | 24 | €27,598 | €17,291 | -€10,307 | -37.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €252,471 | €276,841 | +€24,370 | +9.7% |
| Stocks and contracts in progress | 3 | €60,003 | €44,473 | -€15,530 | -25.9% |
| Stocks | 30/36 | €42,003 | €27,723 | -€14,280 | -34.0% |
| Contracts in progress | 37 | €18,000 | €16,750 | -€1,250 | -6.9% |
| Amounts receivable within one year | 40/41 | €57,778 | €88,775 | +€30,997 | +53.6% |
| Trade receivables | 40 | €51,741 | €80,670 | +€28,929 | +55.9% |
| Other amounts receivable | 41 | €6,037 | €8,105 | +€2,068 | +34.3% |
| Cash at bank and in hand | 54/58 | €134,690 | €143,594 | +€8,904 | +6.6% |
| Total equity and liabilities | 10/49 | €480,626 | €487,829 | +€7,203 | +1.5% |
| Equity | 10/15 | €460,290 | €453,878 | -€6,412 | -1.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €447,890 | €441,478 | -€6,412 | -1.4% |
| Distributable reserves | 133 | €447,890 | €441,478 | -€6,412 | -1.4% |
| Amounts payable | 17/49 | €20,336 | €33,951 | +€13,615 | +66.9% |
| Amounts payable within one year | 42/48 | €20,336 | €33,951 | +€13,615 | +66.9% |
| Trade debts | 44 | €3,464 | €10,031 | +€6,567 | +189.6% |
| Suppliers | 440/4 | €3,464 | €10,031 | +€6,567 | +189.6% |
| Taxes, remuneration and social security | 45 | €9,758 | €12,332 | +€2,574 | +26.4% |
| Taxes | 450/3 | €9,758 | €12,332 | +€2,574 | +26.4% |
| Other amounts payable | 47/48 | €7,114 | €11,588 | +€4,474 | +62.9% |
| Remuneration, social security and pensions | 62 | €2,404 | €811 | -€1,593 | -66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,253 | €22,701 | +€2,448 | +12.1% |
| Other operating charges | 640/8 | €1,219 | €1,458 | +€239 | +19.6% |
| Gross operating margin | 9900 | €130,732 | €140,437 | +€9,705 | +7.4% |
| Operating profit (loss) | 9901 | €106,856 | €115,468 | +€8,612 | +8.1% |
| Financial income | 75/76B | €1,537 | €2,212 | +€675 | +43.9% |
| Recurring financial income | 75 | €1,537 | €2,212 | +€675 | +43.9% |
| Financial charges | 65/66B | €667 | €3,000 | +€2,333 | +349.8% |
| Recurring financial charges | 65 | €667 | €3,000 | +€2,333 | +349.8% |
| Profit (loss) for the period before taxes | 9903 | €107,726 | €114,679 | +€6,953 | +6.5% |
| Income taxes | 67/77 | €29,758 | €32,394 | +€2,636 | +8.9% |
| Profit (loss) for the period | 9904 | €77,968 | €82,285 | +€4,317 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €77,968 | €82,285 | +€4,317 | +5.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.