EIBeLux: 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.
EIBeLux
Largest movements
- Receivables within one year +€61,682
up €61,682 (+118%), from €52,236 to €113,919
of which Trade receivables: +€56,450
- Cash -€26,306
down €26,306 (-9.6%), from €273,750 to €247,444
mainly Receivables within one year (-€61,682) and Other debts (-€45,234)
- Stocks and contracts -€26,190
down €26,190 (-44.7%), from €58,556 to €32,367
of which Stocks: -€22,440
- Tangible fixed assets -€24,796
down €24,796 (-14.2%), from €174,440 to €149,644
of which Furniture and vehicles: -€14,415
- Reserves +€60,900
up €60,900 (+17.6%), from €346,190 to €407,090
- Other debts -€45,234
down €45,234 (-91.4%), from €49,484 to €4,250
- Tax, wage and social debts -€28,681
down €28,681 (-65.1%), from €44,066 to €15,384
of which Taxes: -€28,702
- Debts after one year -€16,235
down €16,235 (-43.6%), from €37,248 to €21,013
- Trade debts +€12,619
up €12,619 (+322%), from €3,923 to €16,542
- Gross operating margin -€34,184
down €34,184 (-23.3%), from €146,817 to €112,633
- Taxes -€11,199
down €11,199 (-33.6%), from €33,314 to €22,115
- Other operating charges +€1,492
up €1,492 (+62.1%), from €2,404 to €3,896
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 | €568,864 | €551,917 | -€16,947 | -3.0% |
| Fixed assets | 21/28 | €179,860 | €153,603 | -€26,257 | -14.6% |
| Intangible fixed assets | 21 | €2,370 | €909 | -€1,461 | -61.7% |
| Tangible fixed assets | 22/27 | €174,440 | €149,644 | -€24,796 | -14.2% |
| Land and buildings | 22 | €115,316 | €105,995 | -€9,322 | -8.1% |
| Plant, machinery and equipment | 23 | €6,751 | €5,692 | -€1,059 | -15.7% |
| Furniture and vehicles | 24 | €52,373 | €37,958 | -€14,415 | -27.5% |
| Financial fixed assets | 28 | €3,050 | €3,050 | = | 0.0% |
| Current assets | 29/58 | €389,004 | €398,314 | +€9,310 | +2.4% |
| Stocks and contracts in progress | 3 | €58,556 | €32,367 | -€26,190 | -44.7% |
| Stocks | 30/36 | €45,556 | €23,117 | -€22,440 | -49.3% |
| Contracts in progress | 37 | €13,000 | €9,250 | -€3,750 | -28.8% |
| Amounts receivable within one year | 40/41 | €52,236 | €113,919 | +€61,682 | +118% |
| Trade receivables | 40 | €47,456 | €103,907 | +€56,450 | +119% |
| Other amounts receivable | 41 | €4,780 | €10,012 | +€5,232 | +109% |
| Cash at bank and in hand | 54/58 | €273,750 | €247,444 | -€26,306 | -9.6% |
| Deferred charges and accrued income | 490/1 | €4,461 | €4,585 | +€124 | +2.8% |
| Total equity and liabilities | 10/49 | €568,864 | €551,917 | -€16,947 | -3.0% |
| Equity | 10/15 | €415,556 | €475,895 | +€60,339 | +14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €346,190 | €407,090 | +€60,900 | +17.6% |
| Distributable reserves | 133 | €346,190 | €407,090 | +€60,900 | +17.6% |
| Profit (loss) carried forward | 14 | €45,418 | €45,499 | +€81 | +0.2% |
| Investment grants | 15 | €5,349 | €4,706 | -€643 | -12.0% |
| Provisions and deferred taxes | 16 | €2,500 | €2,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,500 | €2,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €150,808 | €73,521 | -€77,286 | -51.2% |
| Amounts payable after more than one year | 17 | €37,248 | €21,013 | -€16,235 | -43.6% |
| Financial debts | 170/4 | €37,248 | €21,013 | -€16,235 | -43.6% |
| Amounts payable within one year | 42/48 | €113,487 | €52,411 | -€61,076 | -53.8% |
| Current portion of amounts payable after more than one year | 42 | €16,014 | €16,235 | +€221 | +1.4% |
| Trade debts | 44 | €3,923 | €16,542 | +€12,619 | +322% |
| Suppliers | 440/4 | €3,923 | €16,542 | +€12,619 | +322% |
| Taxes, remuneration and social security | 45 | €44,066 | €15,384 | -€28,681 | -65.1% |
| Taxes | 450/3 | €40,387 | €11,684 | -€28,702 | -71.1% |
| Remuneration and social security | 454/9 | €3,679 | €3,700 | +€21 | +0.6% |
| Other amounts payable | 47/48 | €49,484 | €4,250 | -€45,234 | -91.4% |
| Accrued charges and deferred income | 492/3 | €73 | €97 | +€24 | +33.2% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | €674 | - | -€674 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,742 | €26,257 | +€516 | +2.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €0 | = | |
| Other operating charges | 640/8 | €2,404 | €3,896 | +€1,492 | +62.1% |
| Gross operating margin | 9900 | €146,817 | €112,633 | -€34,184 | -23.3% |
| Operating profit (loss) | 9901 | €117,997 | €82,480 | -€35,518 | -30.1% |
| Financial income | 75/76B | €4,556 | €3,172 | -€1,384 | -30.4% |
| Recurring financial income | 75 | €4,556 | €3,172 | -€1,384 | -30.4% |
| Financial charges | 65/66B | €2,892 | €2,555 | -€337 | -11.6% |
| Recurring financial charges | 65 | €2,892 | €2,555 | -€337 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €119,661 | €83,096 | -€36,565 | -30.6% |
| Income taxes | 67/77 | €33,314 | €22,115 | -€11,199 | -33.6% |
| Profit (loss) for the period | 9904 | €86,348 | €60,981 | -€25,366 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €86,348 | €60,981 | -€25,366 | -29.4% |
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 24 October 2026 via checked.be.