E-Cos: what changed
What changed
E-Cos
NACE 71.209, Other technical testing and analysis
filed annual accounts (NBB)
Net result for the year
€14,476
2024 · -€19,473+€33,948
Equity
€728,247
2024 · €713,772+€14,476
Cash
€88,096
2024 · €189,292-€101,196
Balance sheet total
€731,469
2024 · €720,387+€11,083
Largest movements
Assets
- Cash -€101,196
down €101,196 (-53.5%), from €189,292 to €88,096
mainly Receivables after one year (-€90,000) and Receivables within one year (-€27,026)
- Receivables after one year +€90,000
up €90,000 (+18.0%), from €500,000 to €590,000
- Receivables within one year +€27,026
up €27,026 (+174%), from €15,551 to €42,577
Equity and liabilities
- Profit (loss) carried forward +€14,476
up €14,476 (+82.3%), from -€17,579 to -€3,103
Income statement
- Financial income +€23,293
up €23,293 (+4,189%), from €556 to €23,849
- Gross operating margin +€9,566
up €9,566 (+74.8%), from -€12,791 to -€3,225
- Other operating charges -€861
down €861 (-49.3%), from €1,747 to €886
- Taxes -€239
down €239 (-81.0%), from €295 to €56
Change in the result, 2024 to 2025
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 2024
-€19,473
Gross operating margin
+€9,566
Other operating charges
+€861
Financial income
+€23,293
Financial charges
-€11
Taxes
+€239
Result 2025
€14,476
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€98,149
Investment
€0
Financing
-€3,046
Cash 2024
€189,292
From operations (derived)
-€98,149
Net result for the year
+€14,476
Depreciation
+€4,748
Receivables after one year
-€90,000
Receivables within one year
-€27,026
Smaller working-capital items
-€347
Financing
-€3,046
Current portion of long-term debt
-€3,046
Cash 2025
€88,096
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €720,387 | €731,469 | +€11,083 | +1.5% |
| Fixed assets | 21/28 | €15,544 | €10,796 | -€4,748 | -30.5% |
| Tangible fixed assets | 22/27 | €15,544 | €10,796 | -€4,748 | -30.5% |
| Land and buildings | 22 | €15,544 | €10,796 | -€4,748 | -30.5% |
| Current assets | 29/58 | €704,843 | €720,673 | +€15,831 | +2.2% |
| Amounts receivable after more than one year | 29 | €500,000 | €590,000 | +€90,000 | +18.0% |
| Other amounts receivable | 291 | €500,000 | €590,000 | +€90,000 | +18.0% |
| Amounts receivable within one year | 40/41 | €15,551 | €42,577 | +€27,026 | +174% |
| Other amounts receivable | 41 | €15,551 | €42,577 | +€27,026 | +174% |
| Cash at bank and in hand | 54/58 | €189,292 | €88,096 | -€101,196 | -53.5% |
| Total equity and liabilities | 10/49 | €720,387 | €731,469 | +€11,083 | +1.5% |
| Equity | 10/15 | €713,772 | €728,247 | +€14,476 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €712,750 | €712,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €710,890 | €710,890 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,579 | -€3,103 | +€14,476 | +82.3% |
| Amounts payable | 17/49 | €6,615 | €3,222 | -€3,393 | -51.3% |
| Amounts payable within one year | 42/48 | €6,615 | €3,222 | -€3,393 | -51.3% |
| Current portion of amounts payable after more than one year | 42 | €3,046 | - | -€3,046 | |
| Trade debts | 44 | €1,712 | €1,567 | -€145 | -8.5% |
| Suppliers | 440/4 | €1,712 | €1,567 | -€145 | -8.5% |
| Taxes, remuneration and social security | 45 | €1,857 | €1,655 | -€202 | -10.9% |
| Taxes | 450/3 | €1,857 | €1,655 | -€202 | -10.9% |
| Non-recurring operating income | 76A | €826 | - | -€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,748 | €4,748 | = | 0.0% |
| Other operating charges | 640/8 | €1,747 | €886 | -€861 | -49.3% |
| Gross operating margin | 9900 | -€12,791 | -€3,225 | +€9,566 | +74.8% |
| Operating profit (loss) | 9901 | -€19,286 | -€8,859 | +€10,427 | +54.1% |
| Financial income | 75/76B | €556 | €23,849 | +€23,293 | +4,189% |
| Recurring financial income | 75 | €556 | €23,849 | +€23,293 | +4,189% |
| Financial charges | 65/66B | €448 | €459 | +€11 | +2.4% |
| Recurring financial charges | 65 | €448 | €459 | +€11 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,178 | €14,532 | +€33,709 | |
| Income taxes | 67/77 | €295 | €56 | -€239 | -81.0% |
| Profit (loss) for the period | 9904 | -€19,473 | €14,476 | +€33,948 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,473 | €14,476 | +€33,948 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.