E.C.D.F.: 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.F.
Largest movements
- Cash +€242,590
up €242,590 (+232%), from €104,767 to €347,358
mainly Net result for the year (+€334,469) and Tax, wage and social debts (+€36,600)
- Tangible fixed assets +€46,979
up €46,979 (+43.6%), from €107,778 to €154,756
of which Assets under construction and advance payments: +€50,000
- Reserves +€272,011
up €272,011 (+92.1%), from €295,341 to €567,352
of which Distributable reserves: +€272,011
- Tax, wage and social debts +€36,600
up €36,600 (+51.0%), from €71,728 to €108,328
of which Taxes: +€34,338
- Financial income +€299,850
up €299,850 (+333,166,611%), from €0 to €299,850
- Gross operating margin +€24,081
up €24,081 (+6.6%), from €362,843 to €386,923
- Staff costs +€21,508
up €21,508 (+7.4%), from €289,217 to €310,726
- Depreciation -€13,660
down €13,660 (-81.9%), from €16,681 to €3,021
- Taxes +€6,580
up €6,580 (+26.7%), from €24,662 to €31,242
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 | €1,014,187 | €1,322,062 | +€307,874 | +30.4% |
| Fixed assets | 21/28 | €759,802 | €806,781 | +€46,979 | +6.2% |
| Tangible fixed assets | 22/27 | €107,778 | €154,756 | +€46,979 | +43.6% |
| Land and buildings | 22 | €100,000 | €100,000 | = | 0.0% |
| Furniture and vehicles | 24 | €7,778 | €4,756 | -€3,021 | -38.8% |
| Assets under construction and advance payments | 27 | - | €50,000 | +€50,000 | |
| Financial fixed assets | 28 | €652,025 | €652,025 | = | 0.0% |
| Current assets | 29/58 | €254,385 | €515,280 | +€260,896 | +103% |
| Amounts receivable within one year | 40/41 | €149,617 | €158,891 | +€9,274 | +6.2% |
| Trade receivables | 40 | €148,757 | €144,244 | -€4,513 | -3.0% |
| Other amounts receivable | 41 | €860 | €14,647 | +€13,787 | +1,603% |
| Cash at bank and in hand | 54/58 | €104,767 | €347,358 | +€242,590 | +232% |
| Deferred charges and accrued income | 490/1 | - | €9,031 | +€9,031 | |
| Total equity and liabilities | 10/49 | €1,014,187 | €1,322,062 | +€307,874 | +30.4% |
| Equity | 10/15 | €605,345 | €877,356 | +€272,011 | +44.9% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €295,341 | €567,352 | +€272,011 | +92.1% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,215 | €54,215 | = | 0.0% |
| Distributable reserves | 133 | €233,125 | €505,136 | +€272,011 | +117% |
| Profit (loss) carried forward | 14 | €230,004 | €230,004 | = | 0.0% |
| Amounts payable | 17/49 | €408,843 | €444,706 | +€35,863 | +8.8% |
| Amounts payable within one year | 42/48 | €399,461 | €444,695 | +€45,234 | +11.3% |
| Trade debts | 44 | €127 | €10,371 | +€10,245 | +8,099% |
| Suppliers | 440/4 | €127 | €10,371 | +€10,245 | +8,099% |
| Taxes, remuneration and social security | 45 | €71,728 | €108,328 | +€36,600 | +51.0% |
| Taxes | 450/3 | €44,102 | €78,440 | +€34,338 | +77.9% |
| Remuneration and social security | 454/9 | €27,626 | €29,888 | +€2,262 | +8.2% |
| Other amounts payable | 47/48 | €327,606 | €325,995 | -€1,611 | -0.5% |
| Accrued charges and deferred income | 492/3 | €9,382 | €11 | -€9,371 | -99.9% |
| Remuneration, social security and pensions | 62 | €289,217 | €310,726 | +€21,508 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,681 | €3,021 | -€13,660 | -81.9% |
| Other operating charges | 640/8 | €7,256 | €2,834 | -€4,422 | -60.9% |
| Gross operating margin | 9900 | €362,843 | €386,923 | +€24,081 | +6.6% |
| Operating profit (loss) | 9901 | €49,688 | €70,342 | +€20,654 | +41.6% |
| Financial income | 75/76B | €0 | €299,850 | +€299,850 | +333,166,611% |
| Recurring financial income | 75 | €0 | €299,850 | +€299,850 | +333,166,611% |
| Financial charges | 65/66B | €5,060 | €4,481 | -€579 | -11.4% |
| Recurring financial charges | 65 | €5,060 | €4,481 | -€579 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €44,628 | €365,711 | +€321,084 | +719% |
| Income taxes | 67/77 | €24,662 | €31,242 | +€6,580 | +26.7% |
| Profit (loss) for the period | 9904 | €19,966 | €334,469 | +€314,503 | +1,575% |
| Profit (loss) for the period to be appropriated | 9905 | €19,966 | €334,469 | +€314,503 | +1,575% |
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 1 November 2026 via checked.be.