E&C: 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.
E&C
Largest movements
- Receivables within one year -€289
down €289 (-27.2%), from €1,064 to €775
of which Trade receivables: -€289
- Cash -€258
down €258 (-45.7%), from €564 to €306
mainly Net result for the year (-€3,151)
- Profit (loss) carried forward -€3,151
down €3,151 (-108.1%), from -€2,916 to -€6,067
- Other debts +€2,200
up €2,200 (+55.8%), from €3,944 to €6,144
- Trade debts +€404
up €404 (+404.2%), from €100 to €504
- Gross operating margin -€2,287
down €2,287 (-867.9%), from -€264 to -€2,551
- Other operating charges +€1,062
up €1,062, from €0 to €1,062
- Staff costs -€751
down €751, from €94 to -€657
- Financial charges +€84
up €84 (+75.7%), from €111 to €196
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 | €1,629 | €1,081 | -€547 | -33.6% |
| Current assets | 29/58 | €1,629 | €1,081 | -€547 | -33.6% |
| Amounts receivable within one year | 40/41 | €1,064 | €775 | -€289 | -27.2% |
| Trade receivables | 40 | €1,064 | €775 | -€289 | -27.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €564 | €306 | -€258 | -45.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,629 | €1,081 | -€547 | -33.6% |
| Equity | 10/15 | -€2,416 | -€5,567 | -€3,151 | -130.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,916 | -€6,067 | -€3,151 | -108.1% |
| Amounts payable | 17/49 | €4,044 | €6,648 | +€2,604 | +64.4% |
| Amounts payable within one year | 42/48 | €4,044 | €6,648 | +€2,604 | +64.4% |
| Trade debts | 44 | €100 | €504 | +€404 | +404.2% |
| Suppliers | 440/4 | €100 | €504 | +€404 | +404.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,944 | €6,144 | +€2,200 | +55.8% |
| Remuneration, social security and pensions | 62 | €94 | -€657 | -€751 | |
| Other operating charges | 640/8 | €0 | €1,062 | +€1,062 | |
| Gross operating margin | 9900 | -€264 | -€2,551 | -€2,287 | -867.9% |
| Operating profit (loss) | 9901 | -€358 | -€2,955 | -€2,598 | -726.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €111 | €196 | +€84 | +75.7% |
| Recurring financial charges | 65 | €111 | €196 | +€84 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | -€469 | -€3,151 | -€2,682 | -572.1% |
| Profit (loss) for the period | 9904 | -€469 | -€3,151 | -€2,682 | -572.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€469 | -€3,151 | -€2,682 | -572.1% |
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 9 October 2026 via checked.be.