E.C.D.: 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.D.
Largest movements
- Receivables within one year +€68,512
up €68,512 (+14.7%), from €466,990 to €535,502
of which Trade receivables: +€57,569
- Trade debts +€25,008
up €25,008 (+12.1%), from €206,333 to €231,341
- Debts after one year +€21,760
up €21,760 (+19.2%), from €113,271 to €135,031
- Tax, wage and social debts +€10,328
new in 2024: €10,328
- Other debts +€6,815
up €6,815 (+10.3%), from €66,138 to €72,952
- Gross operating margin -€2,443
down €2,443 (-50.8%), from €4,804 to €2,362
- Financial charges +€770
up €770 (+552%), from €139 to €909
- Staff costs -€677
no longer reported in 2024 (was €677)
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.
Derived cash bridge
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 | €473,759 | €538,108 | +€64,349 | +13.6% |
| Fixed assets | 21/28 | €1,473 | €1,473 | = | 0.0% |
| Financial fixed assets | 28 | €1,473 | €1,473 | = | 0.0% |
| Current assets | 29/58 | €472,285 | €536,635 | +€64,349 | +13.6% |
| Stocks and contracts in progress | 3 | €1,045 | €1,045 | = | 0.0% |
| Stocks | 30/36 | €1,045 | €1,045 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €466,990 | €535,502 | +€68,512 | +14.7% |
| Trade receivables | 40 | €456,778 | €514,348 | +€57,569 | +12.6% |
| Other amounts receivable | 41 | €10,212 | €21,155 | +€10,942 | +107% |
| Cash at bank and in hand | 54/58 | €4,250 | €88 | -€4,163 | -97.9% |
| Total equity and liabilities | 10/49 | €473,759 | €538,108 | +€64,349 | +13.6% |
| Equity | 10/15 | €88,017 | €88,456 | +€439 | +0.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,887 | €1,887 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,887 | €1,887 | = | 0.0% |
| Legal reserve | 130 | €1,887 | - | -€1,887 | |
| Reserves not available under the articles | 1311 | - | €1,887 | +€1,887 | |
| Profit (loss) carried forward | 14 | €67,538 | €67,977 | +€439 | +0.6% |
| Amounts payable | 17/49 | €385,742 | €449,652 | +€63,910 | +16.6% |
| Amounts payable after more than one year | 17 | €113,271 | €135,031 | +€21,760 | +19.2% |
| Financial debts | 170/4 | €113,271 | €135,031 | +€21,760 | +19.2% |
| Amounts payable within one year | 42/48 | €272,471 | €314,621 | +€42,150 | +15.5% |
| Trade debts | 44 | €206,333 | €231,341 | +€25,008 | +12.1% |
| Suppliers | 440/4 | €206,333 | €231,341 | +€25,008 | +12.1% |
| Taxes, remuneration and social security | 45 | - | €10,328 | +€10,328 | |
| Taxes | 450/3 | - | €10,328 | +€10,328 | |
| Other amounts payable | 47/48 | €66,138 | €72,952 | +€6,815 | +10.3% |
| Remuneration, social security and pensions | 62 | €677 | - | -€677 | |
| Other operating charges | 640/8 | €406 | €404 | -€2 | -0.6% |
| Gross operating margin | 9900 | €4,804 | €2,362 | -€2,443 | -50.8% |
| Operating profit (loss) | 9901 | €3,721 | €1,958 | -€1,763 | -47.4% |
| Financial charges | 65/66B | €139 | €909 | +€770 | +552% |
| Recurring financial charges | 65 | €139 | €909 | +€770 | +552% |
| Profit (loss) for the period before taxes | 9903 | €3,581 | €1,049 | -€2,533 | -70.7% |
| Profit (loss) for the period | 9904 | €3,581 | €1,049 | -€2,533 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,581 | €1,049 | -€2,533 | -70.7% |
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 14 October 2026 via checked.be.