e-Contract: what changed
Two fiscal 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-Contract
Largest movements
- Cash +€465,966
up €465,966 (+210.4%), from €221,415 to €687,381
mainly Net result for the year (+€364,946) and Depreciation (+€221,506)
- Intangible fixed assets -€156,259
down €156,259 (-48.7%), from €320,588 to €164,330
- Receivables within one year -€105,497
down €105,497 (-20.5%), from €514,985 to €409,488
of which Trade receivables: -€111,984
- Profit (loss) carried forward +€364,946
up €364,946 (+53.6%), from -€681,342 to -€316,396
- Accrued charges and deferred income -€267,035
down €267,035 (-98.9%), from €269,965 to €2,930
- Trade debts +€72,799
up €72,799 (+81.0%), from €89,848 to €162,648
- Other debts +€31,287
up €31,287 (+4.0%), from €772,987 to €804,274
- Gross operating margin +€538,925
up €538,925 (+99.1%), from €543,782 to €1.1m
- Staff costs +€128,875
up €128,875 (+55.5%), from €232,193 to €361,067
- Depreciation -€116,362
down €116,362 (-34.4%), from €337,868 to €221,506
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.
Cash bridge derived
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 | €1,082,943 | €1,292,607 | +€209,664 | +19.4% |
| Fixed assets | 21/28 | €346,261 | €194,897 | -€151,364 | -43.7% |
| Intangible fixed assets | 21 | €320,588 | €164,330 | -€156,259 | -48.7% |
| Tangible fixed assets | 22/27 | €25,673 | €18,888 | -€6,785 | -26.4% |
| Plant, machinery and equipment | 23 | €1,946 | €841 | -€1,105 | -56.8% |
| Furniture and vehicles | 24 | €10,597 | €6,922 | -€3,675 | -34.7% |
| Other tangible fixed assets | 26 | €13,130 | €11,125 | -€2,005 | -15.3% |
| Financial fixed assets | 28 | - | €11,680 | +€11,680 | |
| Current assets | 29/58 | €736,682 | €1,097,709 | +€361,028 | +49.0% |
| Amounts receivable within one year | 40/41 | €514,985 | €409,488 | -€105,497 | -20.5% |
| Trade receivables | 40 | €425,081 | €313,097 | -€111,984 | -26.3% |
| Other amounts receivable | 41 | €89,903 | €96,391 | +€6,488 | +7.2% |
| Cash at bank and in hand | 54/58 | €221,415 | €687,381 | +€465,966 | +210.4% |
| Deferred charges and accrued income | 490/1 | €282 | €840 | +€558 | +197.9% |
| Total equity and liabilities | 10/49 | €1,082,943 | €1,292,607 | +€209,664 | +19.4% |
| Equity | 10/15 | -€86,393 | €278,553 | +€364,946 | |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €557,749 | €557,749 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €538,999 | €538,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€681,342 | -€316,396 | +€364,946 | +53.6% |
| Amounts payable | 17/49 | €1,169,336 | €1,014,054 | -€155,283 | -13.3% |
| Amounts payable within one year | 42/48 | €899,371 | €1,011,123 | +€111,752 | +12.4% |
| Trade debts | 44 | €89,848 | €162,648 | +€72,799 | +81.0% |
| Suppliers | 440/4 | €89,848 | €162,648 | +€72,799 | +81.0% |
| Taxes, remuneration and social security | 45 | €36,536 | €44,202 | +€7,666 | +21.0% |
| Taxes | 450/3 | €13,191 | €17,798 | +€4,606 | +34.9% |
| Remuneration and social security | 454/9 | €23,344 | €26,404 | +€3,060 | +13.1% |
| Other amounts payable | 47/48 | €772,987 | €804,274 | +€31,287 | +4.0% |
| Accrued charges and deferred income | 492/3 | €269,965 | €2,930 | -€267,035 | -98.9% |
| Non-recurring operating income | 76A | €127,561 | €325,229 | +€197,669 | +155.0% |
| Remuneration, social security and pensions | 62 | €232,193 | €361,067 | +€128,875 | +55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337,868 | €221,506 | -€116,362 | -34.4% |
| Other operating charges | 640/8 | €1,532 | €2,364 | +€832 | +54.3% |
| Non-recurring operating charges | 66A | €8,679 | €96,584 | +€87,905 | +1012.8% |
| Gross operating margin | 9900 | €543,782 | €1,082,706 | +€538,925 | +99.1% |
| Operating profit (loss) | 9901 | -€36,490 | €401,185 | +€437,675 | |
| Financial income | 75/76B | €3,153 | €3,986 | +€833 | +26.4% |
| Recurring financial income | 75 | €3,153 | €3,986 | +€833 | +26.4% |
| Financial charges | 65/66B | €46,224 | €40,225 | -€5,999 | -13.0% |
| Recurring financial charges | 65 | €46,224 | €40,225 | -€5,999 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€79,561 | €364,946 | +€444,508 | |
| Income taxes | 67/77 | €11 | €0 | -€11 | -100.0% |
| Profit (loss) for the period | 9904 | -€79,572 | €364,946 | +€444,519 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,572 | €364,946 | +€444,519 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.