E.C.K.: what changed
What changed
E.C.K.
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
filed annual accounts (NBB)
Net result for the year
€667,108
2025 · €1.1m-€482,633
Equity
€5.9m
2025 · €8.1m-€2.2m
Cash
€2.7m
2025 · €771,994+€1.9m
Balance sheet total
€15.5m
2025 · €10.9m+€4.6m
Largest movements
Assets
- Cash +€1.9m
up €1.9m (+252%), from €771,994 to €2.7m
mainly Short-term financial debts (+€5.2m) and Trade debts (+€1.2m)
- Receivables within one year +€1.7m
up €1.7m (+32.7%), from €5.3m to €7.0m
of which Other amounts receivable: +€1.4m
- Stocks and contracts +€784,699
up €784,699 (+20.8%), from €3.8m to €4.6m
- Deferred charges and accrued income +€201,149
up €201,149 (+536%), from €37,518 to €238,667
Equity and liabilities
- Short-term financial debts +€5.2m
new in 2026: €5.2m
- Profit (loss) carried forward -€2.2m
down €2.2m (-30.2%), from €7.1m to €5.0m
- Trade debts +€1.2m
up €1.2m (+87.5%), from €1.3m to €2.5m
- Debts after one year +€547,851
up €547,851 (+927%), from €59,074 to €606,925
- Other debts -€341,665
down €341,665 (-70.9%), from €481,665 to €140,000
Income statement
- Services and other goods +€442,892
up €442,892 (+18.0%), from €2.5m to €2.9m
Change in the result, 2025 to 2026
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 2025
€1.1m
Turnover
+€185,014
Other operating income
+€84,689
Goods and materials
-€297,223
Services and other goods
-€442,892
Staff costs
-€132,232
Depreciation
-€87,183
Write-downs
+€133,478
Other operating charges
-€9,160
Other operating items
-€65,031
Financial income
+€49,691
Financial charges
-€43,119
Taxes
+€141,335
Result 2026
€667,108
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€965,608
Investment
-€124,482
Financing
+€3.0m
Cash 2025
€771,994
From operations (derived)
-€965,608
Net result for the year
+€667,108
Depreciation
+€227,675
Stocks and contracts
-€784,699
Receivables within one year
-€1.7m
Deferred charges and accrued income
-€201,149
Trade debts
+€1.2m
Tax, wage and social debts
+€24,716
Other debts
-€341,665
Accrued charges and deferred income
-€15,397
Investment (derived)
-€124,482
Investment in fixed assets (net)
-€124,482
Financing
+€3.0m
Debts after one year
+€547,851
Current portion of long-term debt
+€88,517
Short-term financial debts
+€5.2m
Contributions, distributions and other
-€2.8m
Cash 2026
€2.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,916,285 | €15,468,052 | +€4.6m | +41.7% |
| Fixed assets | 21/28 | €1,063,197 | €960,004 | -€103,193 | -9.7% |
| Intangible fixed assets | 21 | €128,248 | €101,182 | -€27,066 | -21.1% |
| Tangible fixed assets | 22/27 | €934,037 | €857,910 | -€76,127 | -8.2% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €11,437 | €46,432 | +€34,995 | +306% |
| Furniture and vehicles | 24 | €160,243 | €123,074 | -€37,169 | -23.2% |
| Leasing and similar rights | 25 | €117,292 | €102,319 | -€14,973 | -12.8% |
| Other tangible fixed assets | 26 | €645,065 | €586,085 | -€58,980 | -9.1% |
| Financial fixed assets | 28 | €912 | €912 | = | 0.0% |
| Other financial fixed assets | 284/8 | €912 | €912 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €912 | €912 | = | 0.0% |
| Current assets | 29/58 | €9,853,088 | €14,508,048 | +€4.7m | +47.2% |
| Stocks and contracts in progress | 3 | €3,778,872 | €4,563,571 | +€784,699 | +20.8% |
| Stocks | 30/36 | €3,778,872 | €4,563,571 | +€784,699 | +20.8% |
| Goods purchased for resale | 34 | €3,778,872 | €4,563,571 | +€784,699 | +20.8% |
| Amounts receivable within one year | 40/41 | €5,264,704 | €6,987,538 | +€1.7m | +32.7% |
| Trade receivables | 40 | €5,096,704 | €5,451,677 | +€354,973 | +7.0% |
| Other amounts receivable | 41 | €168,000 | €1,535,861 | +€1.4m | +814% |
| Cash at bank and in hand | 54/58 | €771,994 | €2,718,272 | +€1.9m | +252% |
| Deferred charges and accrued income | 490/1 | €37,518 | €238,667 | +€201,149 | +536% |
| Total equity and liabilities | 10/49 | €10,916,285 | €15,468,052 | +€4.6m | +41.7% |
| Equity | 10/15 | €8,096,279 | €5,943,387 | -€2.2m | -26.6% |
| Contributions | 10/11 | €513,129 | €513,129 | = | 0.0% |
| Reserves | 13 | €444,557 | €444,557 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,555 | €24,555 | = | 0.0% |
| Distributable reserves | 133 | €420,002 | €420,002 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,138,593 | €4,985,701 | -€2.2m | -30.2% |
| Amounts payable | 17/49 | €2,820,006 | €9,524,665 | +€6.7m | +238% |
| Amounts payable after more than one year | 17 | €59,074 | €606,925 | +€547,851 | +927% |
| Financial debts | 170/4 | €59,074 | €606,925 | +€547,851 | +927% |
| Leasing and similar obligations | 172 | €59,074 | €27,823 | -€31,251 | -52.9% |
| Credit institutions | 173 | - | €579,102 | +€579,102 | |
| Amounts payable within one year | 42/48 | €2,626,208 | €8,798,413 | +€6.2m | +235% |
| Current portion of amounts payable after more than one year | 42 | €45,601 | €134,118 | +€88,517 | +194% |
| Financial debts | 43 | - | €5,220,000 | +€5.2m | |
| Credit institutions | 430/8 | - | €5,220,000 | +€5.2m | |
| Trade debts | 44 | €1,349,459 | €2,530,096 | +€1.2m | +87.5% |
| Suppliers | 440/4 | €1,349,459 | €2,530,096 | +€1.2m | +87.5% |
| Taxes, remuneration and social security | 45 | €749,483 | €774,199 | +€24,716 | +3.3% |
| Taxes | 450/3 | €265,000 | €188,355 | -€76,645 | -28.9% |
| Remuneration and social security | 454/9 | €484,483 | €585,844 | +€101,361 | +20.9% |
| Other amounts payable | 47/48 | €481,665 | €140,000 | -€341,665 | -70.9% |
| Accrued charges and deferred income | 492/3 | €134,724 | €119,327 | -€15,397 | -11.4% |
| Operating income | 70/76A | €38,560,655 | €38,755,409 | +€194,754 | +0.5% |
| Turnover | 70 | €38,405,711 | €38,590,725 | +€185,014 | +0.5% |
| Other operating income | 74 | €74,995 | €159,684 | +€84,689 | +113% |
| Non-recurring operating income | 76A | €79,949 | €5,000 | -€74,949 | -93.7% |
| Operating charges | 60/66A | €36,962,562 | €37,787,856 | +€825,294 | +2.2% |
| Goods for resale, raw materials and consumables | 60 | €30,980,039 | €31,277,262 | +€297,223 | +1.0% |
| Purchases | 600/8 | €30,921,718 | €32,096,961 | +€1.2m | +3.8% |
| Change in stocks: decrease (increase) | 609 | €58,321 | -€819,699 | -€878,020 | |
| Services and other goods | 61 | €2,463,434 | €2,906,326 | +€442,892 | +18.0% |
| Remuneration, social security and pensions | 62 | €3,128,135 | €3,260,367 | +€132,232 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,492 | €227,675 | +€87,183 | +62.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €213,888 | €80,410 | -€133,478 | -62.4% |
| Other operating charges | 640/8 | €26,656 | €35,816 | +€9,160 | +34.4% |
| Non-recurring operating charges | 66A | €9,918 | - | -€9,918 | |
| Operating profit (loss) | 9901 | €1,598,093 | €967,553 | -€630,540 | -39.5% |
| Financial income | 75/76B | €15,083 | €64,774 | +€49,691 | +329% |
| Recurring financial income | 75 | €15,083 | €64,774 | +€49,691 | +329% |
| Other financial income | 752/9 | €15,083 | €64,774 | +€49,691 | +329% |
| Financial charges | 65/66B | €44,359 | €87,478 | +€43,119 | +97.2% |
| Recurring financial charges | 65 | €44,359 | €87,478 | +€43,119 | +97.2% |
| Debt charges | 650 | €43,311 | €85,716 | +€42,405 | +97.9% |
| Other financial charges | 652/9 | €1,048 | €1,762 | +€714 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | €1,568,817 | €944,849 | -€623,968 | -39.8% |
| Income taxes | 67/77 | €419,076 | €277,741 | -€141,335 | -33.7% |
| Taxes | 670/3 | €419,076 | €277,741 | -€141,335 | -33.7% |
| Profit (loss) for the period | 9904 | €1,149,741 | €667,108 | -€482,633 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,149,741 | €667,108 | -€482,633 | -42.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.