E&C Company: 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 Company
Largest movements
- Receivables within one year +€25,009
up €25,009 (+125%), from €20,068 to €45,077
of which Trade receivables: +€14,468
- Cash +€12,578
up €12,578 (+33.6%), from €37,399 to €49,976
mainly Trade debts (+€24,719) and Net result for the year (+€21,796)
- Tangible fixed assets -€9,167
down €9,167 (-34.4%), from €26,621 to €17,454
- Trade debts +€24,719
up €24,719 (+167%), from €14,838 to €39,556
- Reserves +€21,796
up €21,796 (+80.7%), from €27,009 to €48,805
- Tax, wage and social debts -€9,454
down €9,454 (-67.5%), from €14,009 to €4,555
- Other debts -€9,379
down €9,379 (-94.0%), from €9,978 to €599
- Depreciation +€8,288
up €8,288 (+943%), from €879 to €9,167
- Gross operating margin +€6,104
up €6,104 (+17.3%), from €35,293 to €41,397
- Taxes -€2,173
down €2,173 (-21.0%), from €10,370 to €8,197
- Other operating charges +€1,524
up €1,524 (+181%), from €841 to €2,366
- Financial income -€426
down €426 (-61.7%), from €691 to €265
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.
Derived cash bridge
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 | €85,934 | €113,615 | +€27,682 | +32.2% |
| Fixed assets | 21/28 | €26,621 | €17,454 | -€9,167 | -34.4% |
| Tangible fixed assets | 22/27 | €26,621 | €17,454 | -€9,167 | -34.4% |
| Furniture and vehicles | 24 | €26,621 | €17,454 | -€9,167 | -34.4% |
| Current assets | 29/58 | €59,313 | €96,161 | +€36,849 | +62.1% |
| Amounts receivable within one year | 40/41 | €20,068 | €45,077 | +€25,009 | +125% |
| Trade receivables | 40 | €20,033 | €34,500 | +€14,468 | +72.2% |
| Other amounts receivable | 41 | €35 | €10,577 | +€10,542 | +29,812% |
| Cash at bank and in hand | 54/58 | €37,399 | €49,976 | +€12,578 | +33.6% |
| Deferred charges and accrued income | 490/1 | €1,846 | €1,108 | -€738 | -40.0% |
| Total equity and liabilities | 10/49 | €85,934 | €113,615 | +€27,682 | +32.2% |
| Equity | 10/15 | €27,109 | €48,905 | +€21,796 | +80.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €27,009 | €48,805 | +€21,796 | +80.7% |
| Distributable reserves | 133 | €27,009 | €48,805 | +€21,796 | +80.7% |
| Amounts payable | 17/49 | €58,825 | €64,711 | +€5,886 | +10.0% |
| Amounts payable within one year | 42/48 | €38,825 | €44,711 | +€5,886 | +15.2% |
| Trade debts | 44 | €14,838 | €39,556 | +€24,719 | +167% |
| Suppliers | 440/4 | €14,838 | €39,556 | +€24,719 | +167% |
| Taxes, remuneration and social security | 45 | €14,009 | €4,555 | -€9,454 | -67.5% |
| Taxes | 450/3 | €14,009 | €4,555 | -€9,454 | -67.5% |
| Other amounts payable | 47/48 | €9,978 | €599 | -€9,379 | -94.0% |
| Accrued charges and deferred income | 492/3 | €20,000 | €20,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €879 | €9,167 | +€8,288 | +943% |
| Other operating charges | 640/8 | €841 | €2,366 | +€1,524 | +181% |
| Gross operating margin | 9900 | €35,293 | €41,397 | +€6,104 | +17.3% |
| Operating profit (loss) | 9901 | €33,572 | €29,864 | -€3,708 | -11.0% |
| Financial income | 75/76B | €691 | €265 | -€426 | -61.7% |
| Recurring financial income | 75 | €691 | €265 | -€426 | -61.7% |
| Financial charges | 65/66B | €124 | €136 | +€12 | +9.4% |
| Recurring financial charges | 65 | €124 | €136 | +€12 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €34,139 | €29,993 | -€4,146 | -12.1% |
| Income taxes | 67/77 | €10,370 | €8,197 | -€2,173 | -21.0% |
| Profit (loss) for the period | 9904 | €23,769 | €21,796 | -€1,973 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,769 | €21,796 | -€1,973 | -8.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.