E.C.A.R: 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.A.R
Largest movements
- Receivables within one year +€13,645
up €13,645 (+162.5%), from €8,395 to €22,040
of which Other amounts receivable: +€11,995
- Deferred charges and accrued income +€6,945
up €6,945 (+405.8%), from €1,711 to €8,656
- Current investments +€4,248
up €4,248 (+2124.1%), from €200 to €4,448
- Cash -€3,189
down €3,189 (-75.7%), from €4,213 to €1,024
mainly Receivables within one year (-€13,645) and Investment in fixed assets (net) (-€7,785)
- Tangible fixed assets -€1,776
down €1,776 (-3.0%), from €59,711 to €57,935
of which Furniture and vehicles: -€1,515
- Profit (loss) carried forward +€17,221
up €17,221 (+68.1%), from €25,305 to €42,526
- Short-term financial debts +€5,000
new in 2024: €5,000
- Tax, wage and social debts -€3,484
down €3,484 (-45.7%), from €7,628 to €4,144
- Taxes +€3,340
up €3,340 (+68.1%), from €4,902 to €8,242
- Depreciation -€2,941
down €2,941 (-23.5%), from €12,502 to €9,561
- Gross operating margin -€1,720
down €1,720 (-4.1%), from €41,681 to €39,961
- Financial charges -€592
down €592 (-40.9%), from €1,449 to €857
- Financial income +€562
up €562 (+56.7%), from €991 to €1,553
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,978 | €120,979 | +€20,001 | +19.8% |
| Fixed assets | 21/28 | €59,711 | €57,935 | -€1,776 | -3.0% |
| Tangible fixed assets | 22/27 | €59,711 | €57,935 | -€1,776 | -3.0% |
| Furniture and vehicles | 24 | €6,444 | €4,929 | -€1,515 | -23.5% |
| Other tangible fixed assets | 26 | €53,267 | €53,006 | -€261 | -0.5% |
| Current assets | 29/58 | €41,267 | €63,044 | +€21,777 | +52.8% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,747 | €1,875 | +€128 | +7.3% |
| Stocks | 30/36 | €1,747 | €1,875 | +€128 | +7.3% |
| Amounts receivable within one year | 40/41 | €8,395 | €22,040 | +€13,645 | +162.5% |
| Trade receivables | 40 | €30 | €1,680 | +€1,650 | +5511.2% |
| Other amounts receivable | 41 | €8,365 | €20,360 | +€11,995 | +143.4% |
| Current investments | 50/53 | €200 | €4,448 | +€4,248 | +2124.1% |
| Cash at bank and in hand | 54/58 | €4,213 | €1,024 | -€3,189 | -75.7% |
| Deferred charges and accrued income | 490/1 | €1,711 | €8,656 | +€6,945 | +405.8% |
| Total equity and liabilities | 10/49 | €100,978 | €120,979 | +€20,001 | +19.8% |
| Equity | 10/15 | €61,569 | €78,790 | +€17,221 | +28.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €32,264 | €32,264 | = | 0.0% |
| Distributable reserves | 133 | €32,264 | €32,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,305 | €42,526 | +€17,221 | +68.1% |
| Amounts payable | 17/49 | €39,409 | €42,189 | +€2,780 | +7.1% |
| Amounts payable within one year | 42/48 | €39,409 | €42,189 | +€2,780 | +7.1% |
| Financial debts | 43 | - | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | - | €960 | +€960 | |
| Suppliers | 440/4 | - | €960 | +€960 | |
| Taxes, remuneration and social security | 45 | €7,628 | €4,144 | -€3,484 | -45.7% |
| Taxes | 450/3 | €7,628 | €4,144 | -€3,484 | -45.7% |
| Other amounts payable | 47/48 | €31,781 | €32,085 | +€304 | +1.0% |
| Non-recurring operating income | 76A | - | €2,370 | +€2,370 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,502 | €9,561 | -€2,941 | -23.5% |
| Other operating charges | 640/8 | €1,098 | €1,632 | +€535 | +48.7% |
| Non-recurring operating charges | 66A | €13,000 | - | -€13,000 | |
| Gross operating margin | 9900 | €41,681 | €39,961 | -€1,720 | -4.1% |
| Operating profit (loss) | 9901 | €15,081 | €28,767 | +€13,686 | +90.8% |
| Financial income | 75/76B | €991 | €1,553 | +€562 | +56.7% |
| Recurring financial income | 75 | €991 | €1,553 | +€562 | +56.7% |
| Financial charges | 65/66B | €1,449 | €857 | -€592 | -40.9% |
| Recurring financial charges | 65 | €1,449 | €857 | -€592 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €14,623 | €29,463 | +€14,840 | +101.5% |
| Income taxes | 67/77 | €4,902 | €8,242 | +€3,340 | +68.1% |
| Profit (loss) for the period | 9904 | €9,721 | €21,221 | +€11,501 | +118.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,721 | €21,221 | +€11,501 | +118.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.