E.C.S.H.: 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.S.H.
Largest movements
- Receivables within one year +€30,376
up €30,376 (+53.0%), from €57,311 to €87,687
of which Other amounts receivable: +€33,529
- Cash -€1,449
down €1,449 (-70.1%), from €2,068 to €619
mainly Receivables within one year (-€30,376) and Other debts (-€4,215)
- Profit (loss) carried forward +€18,815
up €18,815 (+233%), from €8,065 to €26,880
- Tax, wage and social debts +€6,427
up €6,427 (+96.0%), from €6,695 to €13,121
- Trade debts +€4,378
up €4,378 (+41.7%), from €10,507 to €14,884
- Other debts -€4,215
down €4,215 (-100%), from €4,215 to €0
- Short-term financial debts +€3,075
up €3,075 (+29.8%), from €10,305 to €13,380
- Financial income +€2,222
up €2,222 (+409%), from €543 to €2,765
- Gross operating margin +€1,823
up €1,823 (+7.6%), from €24,082 to €25,905
- Financial charges -€1,568
down €1,568 (-39.4%), from €3,978 to €2,410
- Taxes +€425
up €425 (+6.7%), from €6,362 to €6,786
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 | €68,601 | €97,326 | +€28,725 | +41.9% |
| Fixed assets | 21/28 | €424 | €1,163 | +€739 | +174% |
| Tangible fixed assets | 22/27 | €0 | €739 | +€739 | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €739 | +€739 | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €424 | €424 | = | 0.0% |
| Current assets | 29/58 | €68,177 | €96,163 | +€27,986 | +41.0% |
| Stocks and contracts in progress | 3 | €8,751 | €7,808 | -€943 | -10.8% |
| Stocks | 30/36 | €8,751 | €7,808 | -€943 | -10.8% |
| Amounts receivable within one year | 40/41 | €57,311 | €87,687 | +€30,376 | +53.0% |
| Trade receivables | 40 | €44,221 | €41,068 | -€3,153 | -7.1% |
| Other amounts receivable | 41 | €13,090 | €46,619 | +€33,529 | +256% |
| Cash at bank and in hand | 54/58 | €2,068 | €619 | -€1,449 | -70.1% |
| Deferred charges and accrued income | 490/1 | €47 | €49 | +€2 | +3.9% |
| Total equity and liabilities | 10/49 | €68,601 | €97,326 | +€28,725 | +41.9% |
| Equity | 10/15 | €36,879 | €55,694 | +€18,815 | +51.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €10,222 | €10,222 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,363 | €8,363 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,065 | €26,880 | +€18,815 | +233% |
| Amounts payable | 17/49 | €31,722 | €41,631 | +€9,910 | +31.2% |
| Amounts payable within one year | 42/48 | €31,722 | €41,386 | +€9,664 | +30.5% |
| Financial debts | 43 | €10,305 | €13,380 | +€3,075 | +29.8% |
| Credit institutions | 430/8 | €10,305 | €13,380 | +€3,075 | +29.8% |
| Trade debts | 44 | €10,507 | €14,884 | +€4,378 | +41.7% |
| Suppliers | 440/4 | €10,507 | €14,884 | +€4,378 | +41.7% |
| Taxes, remuneration and social security | 45 | €6,695 | €13,121 | +€6,427 | +96.0% |
| Taxes | 450/3 | €6,695 | €13,121 | +€6,427 | +96.0% |
| Other amounts payable | 47/48 | €4,215 | €0 | -€4,215 | -100% |
| Accrued charges and deferred income | 492/3 | - | €246 | +€246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €79 | +€79 | |
| Other operating charges | 640/8 | €567 | €578 | +€11 | +2.0% |
| Non-recurring operating charges | 66A | €5,960 | - | -€5,960 | |
| Gross operating margin | 9900 | €24,082 | €25,905 | +€1,823 | +7.6% |
| Operating profit (loss) | 9901 | €17,554 | €25,247 | +€7,693 | +43.8% |
| Financial income | 75/76B | €543 | €2,765 | +€2,222 | +409% |
| Recurring financial income | 75 | €543 | €2,765 | +€2,222 | +409% |
| Financial charges | 65/66B | €3,978 | €2,410 | -€1,568 | -39.4% |
| Recurring financial charges | 65 | €3,978 | €2,410 | -€1,568 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €14,119 | €25,602 | +€11,482 | +81.3% |
| Income taxes | 67/77 | €6,362 | €6,786 | +€425 | +6.7% |
| Profit (loss) for the period | 9904 | €7,758 | €18,815 | +€11,058 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €7,758 | €18,815 | +€11,058 | +143% |
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 15 October 2026 via checked.be.