EBX: 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.
EBX
Largest movements
- Cash -€29,024
down €29,024 (-89.2%), from €32,533 to €3,510
mainly Investment in fixed assets (net) (-€44,531) and Receivables within one year (-€22,609)
- Stocks and contracts -€28,701
down €28,701 (-24.5%), from €117,088 to €88,387
- Tangible fixed assets +€24,303
new in 2025: €24,303
- Receivables within one year +€22,609
up €22,609 (+19.9%), from €113,399 to €136,008
of which Trade receivables: +€19,599
- Intangible fixed assets +€13,500
new in 2025: €13,500
- Profit (loss) carried forward +€31,536
up €31,536 (+31.7%), from -€99,404 to -€67,869
- Other debts -€19,327
down €19,327 (-16.0%), from €120,438 to €101,111
- Trade debts -€9,522
down €9,522 (-9.3%), from €101,987 to €92,465
- Purchases and services +€108,047
up €108,047 (+478.2%), from €22,594 to €130,641
- Turnover +€90,399
up €90,399 (+110.0%), from €82,164 to €172,563
- Gross operating margin -€17,648
down €17,648 (-29.6%), from €59,570 to €41,922
- Other operating charges -€12,599
down €12,599 (-96.9%), from €12,999 to €400
- Depreciation +€6,728
new in 2025: €6,728
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 | €263,021 | €265,707 | +€2,687 | +1.0% |
| Fixed assets | 21/28 | - | €37,803 | +€37,803 | |
| Intangible fixed assets | 21 | - | €13,500 | +€13,500 | |
| Tangible fixed assets | 22/27 | - | €24,303 | +€24,303 | |
| Plant, machinery and equipment | 23 | - | €24,303 | +€24,303 | |
| Current assets | 29/58 | €263,021 | €227,904 | -€35,116 | -13.4% |
| Stocks and contracts in progress | 3 | €117,088 | €88,387 | -€28,701 | -24.5% |
| Stocks | 30/36 | €117,088 | €88,387 | -€28,701 | -24.5% |
| Amounts receivable within one year | 40/41 | €113,399 | €136,008 | +€22,609 | +19.9% |
| Trade receivables | 40 | €111,704 | €131,303 | +€19,599 | +17.5% |
| Other amounts receivable | 41 | €1,696 | €4,705 | +€3,009 | +177.5% |
| Cash at bank and in hand | 54/58 | €32,533 | €3,510 | -€29,024 | -89.2% |
| Total equity and liabilities | 10/49 | €263,021 | €265,707 | +€2,687 | +1.0% |
| Equity | 10/15 | €40,596 | €72,131 | +€31,536 | +77.7% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,404 | -€67,869 | +€31,536 | +31.7% |
| Amounts payable | 17/49 | €222,425 | €193,576 | -€28,849 | -13.0% |
| Amounts payable within one year | 42/48 | €222,425 | €193,576 | -€28,849 | -13.0% |
| Trade debts | 44 | €101,987 | €92,465 | -€9,522 | -9.3% |
| Suppliers | 440/4 | €101,987 | €92,465 | -€9,522 | -9.3% |
| Other amounts payable | 47/48 | €120,438 | €101,111 | -€19,327 | -16.0% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Turnover | 70 | €82,164 | €172,563 | +€90,399 | +110.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €22,594 | €130,641 | +€108,047 | +478.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,728 | +€6,728 | |
| Other operating charges | 640/8 | €12,999 | €400 | -€12,599 | -96.9% |
| Gross operating margin | 9900 | €59,570 | €41,922 | -€17,648 | -29.6% |
| Operating profit (loss) | 9901 | €46,572 | €34,794 | -€11,777 | -25.3% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €260 | €3,259 | +€2,999 | +1153.0% |
| Recurring financial charges | 65 | €260 | €3,259 | +€2,999 | +1153.0% |
| Profit (loss) for the period before taxes | 9903 | €46,316 | €31,536 | -€14,781 | -31.9% |
| Profit (loss) for the period | 9904 | €46,316 | €31,536 | -€14,781 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,316 | €31,536 | -€14,781 | -31.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.