E.C.A. SYSTEMS: what changed
Two fiscal 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. SYSTEMS
Largest movements
- Current investments +€303,611
up €303,611 (+527.2%), from €57,594 to €361,205
- Cash -€87,172
down €87,172 (-78.7%), from €110,823 to €23,651
mainly Current investments (-€303,611) and Investment in fixed assets (net) (-€54,701)
- Receivables within one year +€44,144
up €44,144 (+11.8%), from €373,023 to €417,167
of which Other amounts receivable: +€122,121
- Tangible fixed assets +€26,017
up €26,017 (+27.2%), from €95,782 to €121,799
of which Furniture and vehicles: +€16,304
- Reserves +€211,590
up €211,590 (+54.9%), from €385,612 to €597,202
of which Distributable reserves: +€215,000
- Advances received +€97,350
up €97,350 (+73.1%), from €133,190 to €230,540
- Tax, wage and social debts -€26,675
down €26,675 (-21.1%), from €126,610 to €99,935
of which Remuneration and social security: -€22,062
- Gross operating margin +€164,585
up €164,585 (+40.4%), from €407,178 to €571,763
- Taxes +€61,705
up €61,705 (+184.3%), from €33,484 to €95,189
- Financial income +€6,837
up €6,837 (+323.1%), from €2,116 to €8,953
- Staff costs -€6,743
down €6,743 (-2.8%), from €242,684 to €235,940
- Depreciation +€6,452
up €6,452 (+29.0%), from €22,232 to €28,684
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 | €758,552 | €1,039,275 | +€280,723 | +37.0% |
| Fixed assets | 21/28 | €95,782 | €121,799 | +€26,017 | +27.2% |
| Tangible fixed assets | 22/27 | €95,782 | €121,799 | +€26,017 | +27.2% |
| Land and buildings | 22 | €27,837 | €27,837 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €9,713 | +€9,713 | |
| Furniture and vehicles | 24 | €67,945 | €84,248 | +€16,304 | +24.0% |
| Current assets | 29/58 | €662,770 | €917,477 | +€254,707 | +38.4% |
| Stocks and contracts in progress | 3 | €98,848 | €94,210 | -€4,637 | -4.7% |
| Stocks | 30/36 | €94,000 | €93,242 | -€758 | -0.8% |
| Contracts in progress | 37 | €4,848 | €968 | -€3,880 | -80.0% |
| Amounts receivable within one year | 40/41 | €373,023 | €417,167 | +€44,144 | +11.8% |
| Trade receivables | 40 | €306,418 | €228,442 | -€77,976 | -25.4% |
| Other amounts receivable | 41 | €66,604 | €188,725 | +€122,121 | +183.4% |
| Current investments | 50/53 | €57,594 | €361,205 | +€303,611 | +527.2% |
| Cash at bank and in hand | 54/58 | €110,823 | €23,651 | -€87,172 | -78.7% |
| Deferred charges and accrued income | 490/1 | €22,483 | €21,244 | -€1,239 | -5.5% |
| Total equity and liabilities | 10/49 | €758,552 | €1,039,275 | +€280,723 | +37.0% |
| Equity | 10/15 | €411,871 | €624,434 | +€212,563 | +51.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €385,612 | €597,202 | +€211,590 | +54.9% |
| Tax-exempt reserves | 132 | €15,093 | €11,683 | -€3,410 | -22.6% |
| Distributable reserves | 133 | €370,519 | €585,519 | +€215,000 | +58.0% |
| Profit (loss) carried forward | 14 | €2,083 | €3,056 | +€973 | +46.7% |
| Investment grants | 15 | €4,176 | €4,176 | = | 0.0% |
| Provisions and deferred taxes | 16 | €3,773 | €2,921 | -€852 | -22.6% |
| Deferred taxes | 168 | €3,773 | €2,921 | -€852 | -22.6% |
| Amounts payable | 17/49 | €342,908 | €411,920 | +€69,012 | +20.1% |
| Amounts payable after more than one year | 17 | €39,556 | €36,774 | -€2,782 | -7.0% |
| Financial debts | 170/4 | €39,556 | €36,774 | -€2,782 | -7.0% |
| Amounts payable within one year | 42/48 | €302,580 | €374,262 | +€71,683 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €11,408 | €17,413 | +€6,005 | +52.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €31,101 | €26,374 | -€4,727 | -15.2% |
| Suppliers | 440/4 | €31,101 | €26,374 | -€4,727 | -15.2% |
| Advances received on contracts in progress | 46 | €133,190 | €230,540 | +€97,350 | +73.1% |
| Taxes, remuneration and social security | 45 | €126,610 | €99,935 | -€26,675 | -21.1% |
| Taxes | 450/3 | €76,717 | €72,104 | -€4,613 | -6.0% |
| Remuneration and social security | 454/9 | €49,893 | €27,831 | -€22,062 | -44.2% |
| Other amounts payable | 47/48 | €270 | €0 | -€270 | -100.0% |
| Accrued charges and deferred income | 492/3 | €772 | €884 | +€111 | +14.4% |
| Remuneration, social security and pensions | 62 | €242,684 | €235,940 | -€6,743 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,232 | €28,684 | +€6,452 | +29.0% |
| Other operating charges | 640/8 | €4,192 | €4,432 | +€241 | +5.7% |
| Gross operating margin | 9900 | €407,178 | €571,763 | +€164,585 | +40.4% |
| Operating profit (loss) | 9901 | €138,071 | €302,706 | +€164,635 | +119.2% |
| Financial income | 75/76B | €2,116 | €8,953 | +€6,837 | +323.1% |
| Recurring financial income | 75 | €2,116 | €8,953 | +€6,837 | +323.1% |
| Financial charges | 65/66B | €4,159 | €4,759 | +€599 | +14.4% |
| Recurring financial charges | 65 | €4,159 | €4,759 | +€599 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €136,027 | €306,900 | +€170,873 | +125.6% |
| Transfer from deferred taxes | 780 | €489 | €852 | +€363 | +74.3% |
| Transfer to deferred taxes | 680 | €4,262 | €0 | -€4,262 | -100.0% |
| Income taxes | 67/77 | €33,484 | €95,189 | +€61,705 | +184.3% |
| Profit (loss) for the period | 9904 | €98,770 | €212,563 | +€113,794 | +115.2% |
| Transfer from tax-exempt reserves | 789 | €1,956 | €3,410 | +€1,453 | +74.3% |
| Transfer to tax-exempt reserves | 689 | €17,049 | €0 | -€17,049 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,677 | €215,973 | +€132,297 | +158.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.