EC-CEPT: 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.
EC-CEPT
Largest movements
- Cash +€19,917
up €19,917 (+18.5%), from €107,387 to €127,304
mainly Net result for the year (+€29,888) and Other debts (+€12,593)
- Receivables within one year -€10,384
down €10,384 (-78.9%), from €13,169 to €2,785
of which Trade receivables: -€10,836
- Other debts +€12,593
up €12,593 (+212.6%), from €5,922 to €18,515
- Tax, wage and social debts -€7,216
down €7,216 (-92.8%), from €7,779 to €563
of which Taxes: -€6,769
- Reserves +€4,566
up €4,566 (+4.5%), from €102,000 to €106,566
- Trade debts -€1,519
down €1,519 (-67.9%), from €2,237 to €718
- Gross operating margin -€28,527
down €28,527 (-40.4%), from €70,564 to €42,037
- Taxes -€5,952
down €5,952 (-38.1%), from €15,607 to €9,655
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 | €122,939 | €131,362 | +€8,423 | +6.9% |
| Fixed assets | 21/28 | €723 | €363 | -€360 | -49.8% |
| Tangible fixed assets | 22/27 | €723 | €363 | -€360 | -49.8% |
| Furniture and vehicles | 24 | €723 | €363 | -€360 | -49.8% |
| Current assets | 29/58 | €122,216 | €130,999 | +€8,783 | +7.2% |
| Amounts receivable within one year | 40/41 | €13,169 | €2,785 | -€10,384 | -78.9% |
| Trade receivables | 40 | €11,776 | €940 | -€10,836 | -92.0% |
| Other amounts receivable | 41 | €1,393 | €1,845 | +€452 | +32.4% |
| Cash at bank and in hand | 54/58 | €107,387 | €127,304 | +€19,917 | +18.5% |
| Deferred charges and accrued income | 490/1 | €1,660 | €910 | -€750 | -45.2% |
| Total equity and liabilities | 10/49 | €122,939 | €131,362 | +€8,423 | +6.9% |
| Equity | 10/15 | €107,000 | €111,566 | +€4,566 | +4.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €102,000 | €106,566 | +€4,566 | +4.5% |
| Distributable reserves | 133 | €102,000 | €106,566 | +€4,566 | +4.5% |
| Amounts payable | 17/49 | €15,939 | €19,796 | +€3,857 | +24.2% |
| Amounts payable within one year | 42/48 | €15,938 | €19,796 | +€3,858 | +24.2% |
| Trade debts | 44 | €2,237 | €718 | -€1,519 | -67.9% |
| Suppliers | 440/4 | €2,237 | €718 | -€1,519 | -67.9% |
| Taxes, remuneration and social security | 45 | €7,779 | €563 | -€7,216 | -92.8% |
| Taxes | 450/3 | €7,332 | €563 | -€6,769 | -92.3% |
| Remuneration and social security | 454/9 | €447 | - | -€447 | |
| Other amounts payable | 47/48 | €5,922 | €18,515 | +€12,593 | +212.6% |
| Accrued charges and deferred income | 492/3 | €1 | - | -€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €360 | €360 | = | 0.0% |
| Other operating charges | 640/8 | €1,242 | €758 | -€484 | -39.0% |
| Gross operating margin | 9900 | €70,564 | €42,037 | -€28,527 | -40.4% |
| Operating profit (loss) | 9901 | €68,962 | €40,919 | -€28,043 | -40.7% |
| Financial charges | 65/66B | €677 | €1,376 | +€699 | +103.2% |
| Recurring financial charges | 65 | €677 | €1,376 | +€699 | +103.2% |
| Profit (loss) for the period before taxes | 9903 | €68,285 | €39,543 | -€28,742 | -42.1% |
| Income taxes | 67/77 | €15,607 | €9,655 | -€5,952 | -38.1% |
| Profit (loss) for the period | 9904 | €52,678 | €29,888 | -€22,790 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,678 | €29,888 | -€22,790 | -43.3% |
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 5 October 2026 via checked.be.