E.C.E.B.: what changed
What changed
E.C.E.B.
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€118,912
2023 · €421,126-€302,214
Equity
€7.9m
2023 · €7.8m+€118,912
Cash
€1.0m
2023 · €283,997+€739,231
Balance sheet total
€8.1m
2023 · €8.1m-€23,499
Largest movements
Assets
- Financial fixed assets -€747,300
down €747,300 (-56.7%), from €1.3m to €571,008
- Cash +€739,231
up €739,231 (+260%), from €283,997 to €1.0m
mainly Investment in fixed assets (net) (+€747,300) and Depreciation (+€221,155)
- Tangible fixed assets -€220,025
down €220,025 (-8.1%), from €2.7m to €2.5m
of which Land and buildings: -€143,303
- Receivables after one year +€200,923
up €200,923 (+5.4%), from €3.7m to €3.9m
Equity and liabilities
- Reserves +€118,912
up €118,912 (+2.2%), from €5.3m to €5.4m
of which Distributable reserves: +€130,176
- Debts after one year -€101,763
down €101,763 (-35.7%), from €285,175 to €183,413
Income statement
- Financial income -€269,543
down €269,543 (-57.3%), from €470,466 to €200,923
- Depreciation +€65,328
up €65,328 (+41.9%), from €155,826 to €221,155
- Gross operating margin +€17,117
up €17,117 (+7.9%), from €217,450 to €234,567
- Other operating charges -€15,441
down €15,441 (-48.1%), from €32,082 to €16,640
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€421,126
Gross operating margin
+€17,117
Depreciation
-€65,328
Other operating charges
+€15,441
Financial income
-€269,543
Financial charges
-€37
Taxes
+€137
Result 2024
€118,912
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€93,694
Investment
+€747,300
Financing
-€101,763
Cash 2023
€283,997
From operations (derived)
+€93,694
Net result for the year
+€118,912
Depreciation
+€221,155
Receivables after one year
-€200,923
Receivables within one year
-€4,802
Provisions
-€3,750
Smaller working-capital items
-€20
Tax, wage and social debts
-€36,878
Investment (derived)
+€747,300
Investment in fixed assets (net)
+€747,300
Financing
-€101,763
Debts after one year
-€101,763
Cash 2024
€1.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,130,024 | €8,106,526 | -€23,499 | -0.3% |
| Fixed assets | 21/28 | €4,040,727 | €3,072,272 | -€968,455 | -24.0% |
| Intangible fixed assets | 21 | €10,740 | €9,610 | -€1,130 | -10.5% |
| Tangible fixed assets | 22/27 | €2,711,679 | €2,491,654 | -€220,025 | -8.1% |
| Land and buildings | 22 | €2,366,115 | €2,222,812 | -€143,303 | -6.1% |
| Plant, machinery and equipment | 23 | €345,564 | €268,842 | -€76,722 | -22.2% |
| Financial fixed assets | 28 | €1,318,308 | €571,008 | -€747,300 | -56.7% |
| Current assets | 29/58 | €4,089,298 | €5,034,254 | +€944,956 | +23.1% |
| Amounts receivable after more than one year | 29 | €3,700,235 | €3,901,157 | +€200,923 | +5.4% |
| Other amounts receivable | 291 | €3,700,235 | €3,901,157 | +€200,923 | +5.4% |
| Amounts receivable within one year | 40/41 | €105,066 | €109,868 | +€4,802 | +4.6% |
| Trade receivables | 40 | €41,996 | €7,459 | -€34,537 | -82.2% |
| Other amounts receivable | 41 | €63,070 | €102,410 | +€39,339 | +62.4% |
| Cash at bank and in hand | 54/58 | €283,997 | €1,023,228 | +€739,231 | +260% |
| Total equity and liabilities | 10/49 | €8,130,024 | €8,106,526 | -€23,499 | -0.3% |
| Equity | 10/15 | €7,753,829 | €7,872,742 | +€118,912 | +1.5% |
| Contributions | 10/11 | €343,221 | €343,221 | = | 0.0% |
| Capital | 10 | €343,221 | €343,221 | = | 0.0% |
| Issued capital | 100 | €343,221 | €343,221 | = | 0.0% |
| Reserves | 13 | €5,308,257 | €5,427,169 | +€118,912 | +2.2% |
| Non-distributable reserves | 130/1 | €59,322 | €59,322 | = | 0.0% |
| Legal reserve | 130 | €59,322 | €59,322 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,925 | €30,661 | -€11,264 | -26.9% |
| Distributable reserves | 133 | €5,207,010 | €5,337,186 | +€130,176 | +2.5% |
| Profit (loss) carried forward | 14 | €2,102,351 | €2,102,351 | = | 0.0% |
| Provisions and deferred taxes | 16 | €13,964 | €10,213 | -€3,750 | -26.9% |
| Deferred taxes | 168 | €13,964 | €10,213 | -€3,750 | -26.9% |
| Amounts payable | 17/49 | €362,232 | €223,571 | -€138,661 | -38.3% |
| Amounts payable after more than one year | 17 | €285,175 | €183,413 | -€101,763 | -35.7% |
| Other amounts payable | 178/9 | €285,175 | €183,413 | -€101,763 | -35.7% |
| Amounts payable within one year | 42/48 | €77,056 | €40,158 | -€36,898 | -47.9% |
| Trade debts | 44 | - | €345 | +€345 | |
| Suppliers | 440/4 | - | €345 | +€345 | |
| Taxes, remuneration and social security | 45 | €76,692 | €39,813 | -€36,878 | -48.1% |
| Taxes | 450/3 | €76,692 | €39,813 | -€36,878 | -48.1% |
| Other amounts payable | 47/48 | €365 | - | -€365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,826 | €221,155 | +€65,328 | +41.9% |
| Other operating charges | 640/8 | €32,082 | €16,640 | -€15,441 | -48.1% |
| Gross operating margin | 9900 | €217,450 | €234,567 | +€17,117 | +7.9% |
| Operating profit (loss) | 9901 | €29,542 | -€3,228 | -€32,770 | |
| Financial income | 75/76B | €470,466 | €200,923 | -€269,543 | -57.3% |
| Recurring financial income | 75 | €470,466 | €200,923 | -€269,543 | -57.3% |
| Financial charges | 65/66B | €17,210 | €17,247 | +€37 | +0.2% |
| Recurring financial charges | 65 | €17,210 | €10,112 | -€7,097 | -41.2% |
| Non-recurring financial charges | 66B | - | €7,135 | +€7,135 | |
| Profit (loss) for the period before taxes | 9903 | €482,798 | €180,448 | -€302,350 | -62.6% |
| Transfer from deferred taxes | 780 | €3,750 | €3,750 | = | 0.0% |
| Income taxes | 67/77 | €65,422 | €65,286 | -€137 | -0.2% |
| Profit (loss) for the period | 9904 | €421,126 | €118,912 | -€302,214 | -71.8% |
| Transfer from tax-exempt reserves | 789 | €11,264 | €11,264 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €432,390 | €130,176 | -€302,214 | -69.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.