E.C.S. PARTNER: 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. PARTNER
Largest movements
- Stocks and contracts +€35,419
up €35,419 (+33.2%), from €106,703 to €142,123
- Receivables within one year -€30,914
down €30,914 (-12.0%), from €258,559 to €227,645
of which Trade receivables: -€29,428
- Cash +€21,233
up €21,233 (+32.0%), from €66,319 to €87,552
mainly Trade debts (+€50,131) and Receivables within one year (+€30,914)
- Tangible fixed assets -€19,487
down €19,487 (-31.4%), from €62,055 to €42,568
of which Furniture and vehicles: -€19,653
- Trade debts +€50,131
up €50,131 (+29.8%), from €168,462 to €218,592
- Current portion of long-term debt -€31,205
down €31,205 (-35.7%), from €87,420 to €56,215
- Profit (loss) carried forward +€16,848
up €16,848 (+12.5%), from €135,293 to €152,141
- Tax, wage and social debts -€16,392
down €16,392 (-23.5%), from €69,698 to €53,305
of which Remuneration and social security: -€15,206
- Debts after one year -€12,842
down €12,842 (-45.5%), from €28,214 to €15,372
- Staff costs -€29,209
down €29,209 (-9.2%), from €317,620 to €288,412
- Gross operating margin -€20,544
down €20,544 (-5.5%), from €376,564 to €356,020
- Financial charges +€9,523
up €9,523 (+124%), from €7,668 to €17,191
- Write-downs -€8,157
down €8,157 (-100%), from €8,157 to €0
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 | €534,407 | €536,669 | +€2,262 | +0.4% |
| Fixed assets | 21/28 | €98,837 | €79,350 | -€19,487 | -19.7% |
| Tangible fixed assets | 22/27 | €62,055 | €42,568 | -€19,487 | -31.4% |
| Land and buildings | 22 | €2,885 | €2,045 | -€840 | -29.1% |
| Plant, machinery and equipment | 23 | €2,221 | €3,227 | +€1,006 | +45.3% |
| Furniture and vehicles | 24 | €56,949 | €37,296 | -€19,653 | -34.5% |
| Financial fixed assets | 28 | €36,782 | €36,782 | = | 0.0% |
| Current assets | 29/58 | €435,570 | €457,319 | +€21,749 | +5.0% |
| Stocks and contracts in progress | 3 | €106,703 | €142,123 | +€35,419 | +33.2% |
| Stocks | 30/36 | €106,703 | €142,123 | +€35,419 | +33.2% |
| Amounts receivable within one year | 40/41 | €258,559 | €227,645 | -€30,914 | -12.0% |
| Trade receivables | 40 | €247,659 | €218,231 | -€29,428 | -11.9% |
| Other amounts receivable | 41 | €10,900 | €9,414 | -€1,486 | -13.6% |
| Cash at bank and in hand | 54/58 | €66,319 | €87,552 | +€21,233 | +32.0% |
| Deferred charges and accrued income | 490/1 | €3,989 | €0 | -€3,989 | -100% |
| Total equity and liabilities | 10/49 | €534,407 | €536,669 | +€2,262 | +0.4% |
| Equity | 10/15 | €155,753 | €172,601 | +€16,848 | +10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,293 | €152,141 | +€16,848 | +12.5% |
| Amounts payable | 17/49 | €378,654 | €364,068 | -€14,586 | -3.9% |
| Amounts payable after more than one year | 17 | €28,214 | €15,372 | -€12,842 | -45.5% |
| Financial debts | 170/4 | €28,214 | €15,372 | -€12,842 | -45.5% |
| Amounts payable within one year | 42/48 | €350,440 | €348,696 | -€1,744 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €87,420 | €56,215 | -€31,205 | -35.7% |
| Financial debts | 43 | - | €7 | +€7 | |
| Credit institutions | 430/8 | - | €7 | +€7 | |
| Trade debts | 44 | €168,462 | €218,592 | +€50,131 | +29.8% |
| Suppliers | 440/4 | €168,462 | €218,592 | +€50,131 | +29.8% |
| Taxes, remuneration and social security | 45 | €69,698 | €53,305 | -€16,392 | -23.5% |
| Taxes | 450/3 | €26,580 | €25,394 | -€1,186 | -4.5% |
| Remuneration and social security | 454/9 | €43,118 | €27,911 | -€15,206 | -35.3% |
| Other amounts payable | 47/48 | €24,861 | €20,577 | -€4,284 | -17.2% |
| Remuneration, social security and pensions | 62 | €317,620 | €288,412 | -€29,209 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,478 | €21,808 | -€670 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,157 | €0 | -€8,157 | -100% |
| Other operating charges | 640/8 | €785 | €2,594 | +€1,809 | +230% |
| Gross operating margin | 9900 | €376,564 | €356,020 | -€20,544 | -5.5% |
| Operating profit (loss) | 9901 | €27,524 | €43,207 | +€15,683 | +57.0% |
| Financial income | 75/76B | €899 | €4 | -€895 | -99.5% |
| Recurring financial income | 75 | €899 | €4 | -€895 | -99.5% |
| Financial charges | 65/66B | €7,668 | €17,191 | +€9,523 | +124% |
| Recurring financial charges | 65 | €7,668 | €17,191 | +€9,523 | +124% |
| Profit (loss) for the period before taxes | 9903 | €20,754 | €26,019 | +€5,265 | +25.4% |
| Income taxes | 67/77 | €7,610 | €9,171 | +€1,561 | +20.5% |
| Profit (loss) for the period | 9904 | €13,145 | €16,848 | +€3,703 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,145 | €16,848 | +€3,703 | +28.2% |
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 29 October 2026 via checked.be.