LES EBEARTS: what changed
LES EBEARTS
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash -€30,754
down €30,754 (-30.5%), from €100,934 to €70,180
mainly Current investments (-€50,000) and Deferred charges and accrued income (-€2)
- Reserves +€10,874
up €10,874 (+67.0%), from €16,223 to €27,096
of which Distributable reserves: +€10,874
- Tax, wage and social debts +€5,457
up €5,457 (+144%), from €3,790 to €9,247
- Gross operating margin +€2,708
up €2,708 (+12.1%), from €22,380 to €25,088
- Taxes +€1,667
up €1,667 (+44.0%), from €3,790 to €5,457
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €362,812 | €381,965 | +€19,153 | +5.3% |
| Fixed assets | 21/28 | €261,787 | €261,693 | -€94 | 0.0% |
| Tangible fixed assets | 22/27 | €261,787 | €261,693 | -€94 | 0.0% |
| Land and buildings | 22 | €261,678 | €261,678 | = | 0.0% |
| Furniture and vehicles | 24 | €109 | €14 | -€94 | -86.7% |
| Current assets | 29/58 | €101,025 | €120,272 | +€19,248 | +19.1% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €100,934 | €70,180 | -€30,754 | -30.5% |
| Deferred charges and accrued income | 490/1 | €90 | €92 | +€2 | +2.0% |
| Total equity and liabilities | 10/49 | €362,812 | €381,965 | +€19,153 | +5.3% |
| Equity | 10/15 | €218,755 | €229,628 | +€10,874 | +5.0% |
| Contributions | 10/11 | €189,817 | €189,817 | = | 0.0% |
| Reserves | 13 | €16,223 | €27,096 | +€10,874 | +67.0% |
| Non-distributable reserves | 130/1 | €13,784 | €13,784 | = | 0.0% |
| Other | 1319 | €13,784 | €13,784 | = | 0.0% |
| Distributable reserves | 133 | €2,439 | €13,312 | +€10,874 | +446% |
| Profit (loss) carried forward | 14 | €12,716 | €12,716 | = | 0.0% |
| Amounts payable | 17/49 | €144,057 | €152,337 | +€8,280 | +5.7% |
| Amounts payable after more than one year | 17 | €65,594 | €65,594 | = | 0.0% |
| Financial debts | 170/4 | €65,594 | €65,594 | = | 0.0% |
| Amounts payable within one year | 42/48 | €31,993 | €37,649 | +€5,656 | +17.7% |
| Taxes, remuneration and social security | 45 | €3,790 | €9,247 | +€5,457 | +144% |
| Taxes | 450/3 | €3,790 | €9,247 | +€5,457 | +144% |
| Other amounts payable | 47/48 | €28,203 | €28,402 | +€199 | +0.7% |
| Accrued charges and deferred income | 492/3 | €46,470 | €49,094 | +€2,624 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94 | €94 | = | 0.0% |
| Other operating charges | 640/8 | €5,740 | €5,961 | +€221 | +3.8% |
| Gross operating margin | 9900 | €22,380 | €25,088 | +€2,708 | +12.1% |
| Operating profit (loss) | 9901 | €16,546 | €19,033 | +€2,487 | +15.0% |
| Financial charges | 65/66B | €2,702 | €2,702 | = | 0.0% |
| Recurring financial charges | 65 | €2,702 | €2,702 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €13,844 | €16,331 | +€2,487 | +18.0% |
| Income taxes | 67/77 | €3,790 | €5,457 | +€1,667 | +44.0% |
| Profit (loss) for the period | 9904 | €10,054 | €10,874 | +€820 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,054 | €10,874 | +€820 | +8.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.