2 ECOM: 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.
2 ECOM
Largest movements
- Cash +€40,485
up €40,485 (+256.9%), from €15,758 to €56,243
- Tangible fixed assets +€19,907
up €19,907 (+1716.1%), from €1,160 to €21,067
of which Land and buildings: +€19,369
- Receivables within one year -€4,369
down €4,369 (-45.1%), from €9,694 to €5,325
of which Trade receivables: -€8,642
- Profit (loss) carried forward +€33,206
up €33,206 (+234.8%), from €14,145 to €47,351
- Tax, wage and social debts +€13,581
up €13,581 (+655.1%), from €2,073 to €15,654
- Trade debts +€5,320
up €5,320 (+164.9%), from €3,227 to €8,546
- Other debts +€2,996
up €2,996 (+52.9%), from €5,667 to €8,663
- Short-term financial debts +€922
new in 2025: €922
- Gross operating margin +€83,221
up €83,221 (+411.2%), from €20,240 to €103,461
- Taxes +€15,654
new in 2025: €15,654
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,612 | €82,636 | +€56,024 | +210.5% |
| Fixed assets | 21/28 | €1,160 | €21,067 | +€19,907 | +1716.1% |
| Tangible fixed assets | 22/27 | €1,160 | €21,067 | +€19,907 | +1716.1% |
| Land and buildings | 22 | - | €19,369 | +€19,369 | |
| Plant, machinery and equipment | 23 | €571 | €290 | -€281 | -49.2% |
| Furniture and vehicles | 24 | €589 | €1,408 | +€820 | +139.3% |
| Current assets | 29/58 | €25,452 | €61,568 | +€36,116 | +141.9% |
| Amounts receivable within one year | 40/41 | €9,694 | €5,325 | -€4,369 | -45.1% |
| Trade receivables | 40 | €9,694 | €1,053 | -€8,642 | -89.1% |
| Other amounts receivable | 41 | - | €4,273 | +€4,273 | |
| Cash at bank and in hand | 54/58 | €15,758 | €56,243 | +€40,485 | +256.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €26,612 | €82,636 | +€56,024 | +210.5% |
| Equity | 10/15 | €15,645 | €48,851 | +€33,206 | +212.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,145 | €47,351 | +€33,206 | +234.8% |
| Amounts payable | 17/49 | €10,967 | €33,785 | +€22,818 | +208.1% |
| Amounts payable within one year | 42/48 | €10,967 | €33,785 | +€22,818 | +208.1% |
| Financial debts | 43 | - | €922 | +€922 | |
| Other loans | 439 | - | €922 | +€922 | |
| Trade debts | 44 | €3,227 | €8,546 | +€5,320 | +164.9% |
| Suppliers | 440/4 | €3,227 | €8,546 | +€5,320 | +164.9% |
| Taxes, remuneration and social security | 45 | €2,073 | €15,654 | +€13,581 | +655.1% |
| Taxes | 450/3 | €2,073 | €15,654 | +€13,581 | +655.1% |
| Other amounts payable | 47/48 | €5,667 | €8,663 | +€2,996 | +52.9% |
| Non-recurring operating income | 76A | - | €256 | +€256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €424 | €991 | +€566 | +133.5% |
| Other operating charges | 640/8 | €563 | €989 | +€426 | +75.7% |
| Non-recurring operating charges | 66A | €1,177 | - | -€1,177 | |
| Gross operating margin | 9900 | €20,240 | €103,461 | +€83,221 | +411.2% |
| Operating profit (loss) | 9901 | €18,076 | €101,482 | +€83,406 | +461.4% |
| Financial income | 75/76B | €42 | €256 | +€214 | +503.4% |
| Recurring financial income | 75 | €42 | €256 | +€214 | +503.4% |
| Financial charges | 65/66B | €1,037 | €442 | -€595 | -57.4% |
| Recurring financial charges | 65 | €1,037 | €442 | -€595 | -57.4% |
| Profit (loss) for the period before taxes | 9903 | €17,082 | €101,296 | +€84,214 | +493.0% |
| Income taxes | 67/77 | - | €15,654 | +€15,654 | |
| Profit (loss) for the period | 9904 | €17,082 | €85,641 | +€68,560 | +401.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,082 | €85,641 | +€68,560 | +401.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.