E.C.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.C.
Largest movements
- Cash +€33,864
up €33,864 (+92.6%), from €36,551 to €70,415
mainly Other debts (+€31,677) and Trade debts (+€19,632)
- Receivables within one year +€19,708
up €19,708 (+68.5%), from €28,775 to €48,483
of which Trade receivables: +€19,733
- Tangible fixed assets -€10,572
down €10,572 (-19.0%), from €55,512 to €44,940
of which Furniture and vehicles: -€11,904
- Other debts +€31,677
up €31,677 (+12406.7%), from €255 to €31,932
- Profit (loss) carried forward -€28,571
down €28,571 (-28.5%), from €100,176 to €71,605
- Trade debts +€19,632
up €19,632 (+1376.8%), from €1,426 to €21,058
- Reserves +€18,828
up €18,828 (+119.8%), from €15,712 to €34,539
- Gross operating margin -€3,624
down €3,624 (-7.9%), from €46,030 to €42,406
- Depreciation +€1,929
up €1,929 (+20.2%), from €9,572 to €11,501
- Taxes +€1,697
up €1,697 (+18.9%), from €8,979 to €10,675
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 | €124,813 | €166,800 | +€41,986 | +33.6% |
| Fixed assets | 21/28 | €56,012 | €45,440 | -€10,572 | -18.9% |
| Tangible fixed assets | 22/27 | €55,512 | €44,940 | -€10,572 | -19.0% |
| Land and buildings | 22 | €2,300 | €2,039 | -€261 | -11.3% |
| Plant, machinery and equipment | 23 | - | €1,593 | +€1,593 | |
| Furniture and vehicles | 24 | €53,212 | €41,308 | -€11,904 | -22.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €68,801 | €121,359 | +€52,558 | +76.4% |
| Amounts receivable within one year | 40/41 | €28,775 | €48,483 | +€19,708 | +68.5% |
| Trade receivables | 40 | €23,364 | €43,098 | +€19,733 | +84.5% |
| Other amounts receivable | 41 | €5,411 | €5,385 | -€26 | -0.5% |
| Cash at bank and in hand | 54/58 | €36,551 | €70,415 | +€33,864 | +92.6% |
| Deferred charges and accrued income | 490/1 | €3,475 | €2,461 | -€1,013 | -29.2% |
| Total equity and liabilities | 10/49 | €124,813 | €166,800 | +€41,986 | +33.6% |
| Equity | 10/15 | €122,088 | €112,344 | -€9,744 | -8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,712 | €34,539 | +€18,828 | +119.8% |
| Distributable reserves | 133 | €15,712 | €34,539 | +€18,828 | +119.8% |
| Profit (loss) carried forward | 14 | €100,176 | €71,605 | -€28,571 | -28.5% |
| Amounts payable | 17/49 | €2,726 | €54,456 | +€51,730 | +1897.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,726 | €54,456 | +€51,730 | +1897.9% |
| Current portion of amounts payable after more than one year | 42 | €1,003 | €0 | -€1,003 | -100.0% |
| Trade debts | 44 | €1,426 | €21,058 | +€19,632 | +1376.8% |
| Suppliers | 440/4 | €1,426 | €21,058 | +€19,632 | +1376.8% |
| Taxes, remuneration and social security | 45 | €41 | €1,466 | +€1,424 | +3447.0% |
| Taxes | 450/3 | €41 | €1,466 | +€1,424 | +3447.0% |
| Other amounts payable | 47/48 | €255 | €31,932 | +€31,677 | +12406.7% |
| Non-recurring operating income | 76A | - | €3,838 | +€3,838 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,572 | €11,501 | +€1,929 | +20.2% |
| Other operating charges | 640/8 | €1,106 | €1,126 | +€21 | +1.9% |
| Non-recurring operating charges | 66A | €12,261 | €0 | -€12,261 | -100.0% |
| Gross operating margin | 9900 | €46,030 | €42,406 | -€3,624 | -7.9% |
| Operating profit (loss) | 9901 | €23,093 | €29,779 | +€6,686 | +29.0% |
| Financial income | 75/76B | €30 | €5 | -€24 | -81.5% |
| Recurring financial income | 75 | €30 | €5 | -€24 | -81.5% |
| Financial charges | 65/66B | €292 | €281 | -€11 | -3.6% |
| Recurring financial charges | 65 | €292 | €281 | -€11 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €22,830 | €29,503 | +€6,673 | +29.2% |
| Income taxes | 67/77 | €8,979 | €10,675 | +€1,697 | +18.9% |
| Profit (loss) for the period | 9904 | €13,852 | €18,828 | +€4,976 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,852 | €18,828 | +€4,976 | +35.9% |
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 12 October 2026 via checked.be.