E.C.B.: 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.B.
Largest movements
- Cash -€52,132
down €52,132 (-20.9%), from €248,869 to €196,737
mainly Contributions, distributions and other (-€59,366) and Debts after one year (-€37,441)
- Receivables within one year -€42,707
down €42,707 (-5.7%), from €742,791 to €700,084
of which Other amounts receivable: -€28,609
- Reserves -€71,123
down €71,123 (-4.9%), from €1.5m to €1.4m
of which Distributable reserves: -€59,366
- Debts after one year -€37,441
down €37,441 (-10.4%), from €361,673 to €324,232
- Gross operating margin +€37,843
up €37,843 (+59.0%), from €64,171 to €102,015
- Depreciation -€22,381
down €22,381 (-33.0%), from €67,917 to €45,536
- Purchases and services -€21,085
down €21,085 (-7.7%), from €274,126 to €253,042
- Financial charges +€8,571
up €8,571 (+57.6%), from €14,872 to €23,442
of which Non-recurring financial charges: +€16,054
- Financial income -€5,630
down €5,630 (-76.2%), from €7,388 to €1,758
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 | €2,539,670 | €2,415,736 | -€123,934 | -4.9% |
| Fixed assets | 21/28 | €1,488,899 | €1,471,356 | -€17,543 | -1.2% |
| Tangible fixed assets | 22/27 | €1,488,899 | €1,471,356 | -€17,543 | -1.2% |
| Land and buildings | 22 | €1,384,400 | €1,355,305 | -€29,096 | -2.1% |
| Plant, machinery and equipment | 23 | €36,545 | €40,369 | +€3,824 | +10.5% |
| Furniture and vehicles | 24 | €51,189 | €59,644 | +€8,455 | +16.5% |
| Leasing and similar rights | 25 | €16,765 | €16,039 | -€726 | -4.3% |
| Current assets | 29/58 | €1,050,771 | €944,380 | -€106,391 | -10.1% |
| Amounts receivable within one year | 40/41 | €742,791 | €700,084 | -€42,707 | -5.7% |
| Trade receivables | 40 | €14,764 | €666 | -€14,098 | -95.5% |
| Other amounts receivable | 41 | €728,027 | €699,418 | -€28,609 | -3.9% |
| Current investments | 50/53 | €22,427 | €26,243 | +€3,817 | +17.0% |
| Cash at bank and in hand | 54/58 | €248,869 | €196,737 | -€52,132 | -20.9% |
| Deferred charges and accrued income | 490/1 | €36,684 | €21,316 | -€15,368 | -41.9% |
| Total equity and liabilities | 10/49 | €2,539,670 | €2,415,736 | -€123,934 | -4.9% |
| Equity | 10/15 | €1,485,782 | €1,420,074 | -€65,707 | -4.4% |
| Contributions | 10/11 | €81,805 | €81,805 | = | 0.0% |
| Outside capital | 11 | €81,805 | €81,805 | = | 0.0% |
| Other | 1109/19 | €81,805 | €81,805 | = | 0.0% |
| Reserves | 13 | €1,454,841 | €1,383,718 | -€71,123 | -4.9% |
| Tax-exempt reserves | 132 | €323,658 | €311,901 | -€11,757 | -3.6% |
| Distributable reserves | 133 | €1,131,182 | €1,071,816 | -€59,366 | -5.2% |
| Profit (loss) carried forward | 14 | -€50,864 | -€45,448 | +€5,416 | +10.6% |
| Provisions and deferred taxes | 16 | €74,027 | €71,088 | -€2,939 | -4.0% |
| Deferred taxes | 168 | €74,027 | €71,088 | -€2,939 | -4.0% |
| Amounts payable | 17/49 | €979,861 | €924,574 | -€55,288 | -5.6% |
| Amounts payable after more than one year | 17 | €361,673 | €324,232 | -€37,441 | -10.4% |
| Financial debts | 170/4 | €361,673 | €324,232 | -€37,441 | -10.4% |
| Amounts payable within one year | 42/48 | €618,080 | €600,342 | -€17,738 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €36,697 | €37,441 | +€745 | +2.0% |
| Trade debts | 44 | €0 | €3,675 | +€3,675 | |
| Suppliers | 440/4 | - | €3,675 | +€3,675 | |
| Taxes, remuneration and social security | 45 | €29,395 | €9,990 | -€19,404 | -66.0% |
| Taxes | 450/3 | €25,103 | €0 | -€25,103 | -100.0% |
| Remuneration and social security | 454/9 | €4,292 | €9,990 | +€5,699 | +132.8% |
| Other amounts payable | 47/48 | €551,989 | €549,235 | -€2,753 | -0.5% |
| Accrued charges and deferred income | 492/3 | €108 | €0 | -€108 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €274,126 | €253,042 | -€21,085 | -7.7% |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,917 | €45,536 | -€22,381 | -33.0% |
| Other operating charges | 640/8 | €44,245 | €43,285 | -€960 | -2.2% |
| Non-recurring operating charges | 66A | €9 | €202 | +€193 | +2142.7% |
| Gross operating margin | 9900 | €64,171 | €102,015 | +€37,843 | +59.0% |
| Operating profit (loss) | 9901 | -€48,000 | €12,992 | +€60,991 | |
| Financial income | 75/76B | €7,388 | €1,758 | -€5,630 | -76.2% |
| Recurring financial income | 75 | €7,388 | €1,758 | -€5,630 | -76.2% |
| Financial charges | 65/66B | €14,872 | €23,442 | +€8,571 | +57.6% |
| Recurring financial charges | 65 | €14,872 | €7,389 | -€7,483 | -50.3% |
| Non-recurring financial charges | 66B | - | €16,054 | +€16,054 | |
| Profit (loss) for the period before taxes | 9903 | -€55,484 | -€8,693 | +€46,791 | +84.3% |
| Transfer from deferred taxes | 780 | €973 | €2,939 | +€1,966 | +202.1% |
| Income taxes | 67/77 | €244 | €587 | +€343 | +140.6% |
| Profit (loss) for the period | 9904 | -€54,755 | -€6,341 | +€48,414 | +88.4% |
| Transfer from tax-exempt reserves | 789 | €3,891 | €11,757 | +€7,865 | +202.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,864 | €5,416 | +€56,279 |
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 4 October 2026 via checked.be.