EC CONSTRUCTION: 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.
EC CONSTRUCTION
Largest movements
- Receivables within one year +€41,350
up €41,350 (+55.6%), from €74,409 to €115,760
of which Other amounts receivable: +€86,733
- Tangible fixed assets +€18,755
up €18,755 (+32.5%), from €57,624 to €76,379
of which Plant, machinery and equipment: +€26,062
- Cash +€9,670
up €9,670 (+799%), from €1,210 to €10,880
mainly Other debts (+€40,537) and Trade debts (+€32,175)
- Other debts +€40,537
up €40,537 (+806%), from €5,027 to €45,565
- Trade debts +€32,175
up €32,175 (+217%), from €14,813 to €46,987
- Profit (loss) carried forward +€19,985
up €19,985 (+71.0%), from €28,138 to €48,122
- Debts after one year -€15,950
down €15,950 (-38.2%), from €41,728 to €25,778
- Advances received -€6,000
down €6,000 (-100%), from €6,000 to €0
- Gross operating margin +€22,204
up €22,204 (+82.9%), from €26,797 to €49,001
- Taxes +€5,607
up €5,607 (+534%), from €1,049 to €6,657
- Other operating charges -€2,923
down €2,923 (-81.1%), from €3,605 to €682
- Staff costs +€1,266
new in 2024: €1,266
- Financial charges -€1,126
down €1,126 (-33.8%), from €3,329 to €2,203
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 | €134,352 | €204,321 | +€69,969 | +52.1% |
| Formation expenses | 20 | €1,108 | €698 | -€410 | -37.0% |
| Fixed assets | 21/28 | €57,624 | €76,379 | +€18,755 | +32.5% |
| Tangible fixed assets | 22/27 | €57,624 | €76,379 | +€18,755 | +32.5% |
| Plant, machinery and equipment | 23 | €38,232 | €64,294 | +€26,062 | +68.2% |
| Leasing and similar rights | 25 | €19,392 | €12,085 | -€7,307 | -37.7% |
| Current assets | 29/58 | €75,620 | €127,244 | +€51,624 | +68.3% |
| Amounts receivable within one year | 40/41 | €74,409 | €115,760 | +€41,350 | +55.6% |
| Trade receivables | 40 | €73,660 | €28,278 | -€45,383 | -61.6% |
| Other amounts receivable | 41 | €749 | €87,482 | +€86,733 | +11,578% |
| Cash at bank and in hand | 54/58 | €1,210 | €10,880 | +€9,670 | +799% |
| Deferred charges and accrued income | 490/1 | - | €604 | +€604 | |
| Total equity and liabilities | 10/49 | €134,352 | €204,321 | +€69,969 | +52.1% |
| Equity | 10/15 | €43,138 | €63,122 | +€19,985 | +46.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,138 | €48,122 | +€19,985 | +71.0% |
| Amounts payable | 17/49 | €91,214 | €141,199 | +€49,984 | +54.8% |
| Amounts payable after more than one year | 17 | €41,728 | €25,778 | -€15,950 | -38.2% |
| Financial debts | 170/4 | €41,728 | €25,778 | -€15,950 | -38.2% |
| Amounts payable within one year | 42/48 | €46,897 | €115,333 | +€68,437 | +146% |
| Current portion of amounts payable after more than one year | 42 | €15,792 | €15,950 | +€157 | +1.0% |
| Trade debts | 44 | €14,813 | €46,987 | +€32,175 | +217% |
| Suppliers | 440/4 | €14,813 | €46,987 | +€32,175 | +217% |
| Advances received on contracts in progress | 46 | €6,000 | €0 | -€6,000 | -100% |
| Taxes, remuneration and social security | 45 | €5,264 | €6,831 | +€1,567 | +29.8% |
| Taxes | 450/3 | €5,264 | €6,789 | +€1,525 | +29.0% |
| Remuneration and social security | 454/9 | - | €42 | +€42 | |
| Other amounts payable | 47/48 | €5,027 | €45,565 | +€40,537 | +806% |
| Accrued charges and deferred income | 492/3 | €2,590 | €88 | -€2,502 | -96.6% |
| Remuneration, social security and pensions | 62 | - | €1,266 | +€1,266 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,649 | €18,208 | -€441 | -2.4% |
| Other operating charges | 640/8 | €3,605 | €682 | -€2,923 | -81.1% |
| Gross operating margin | 9900 | €26,797 | €49,001 | +€22,204 | +82.9% |
| Operating profit (loss) | 9901 | €4,543 | €28,844 | +€24,302 | +535% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €3,329 | €2,203 | -€1,126 | -33.8% |
| Recurring financial charges | 65 | €3,329 | €2,203 | -€1,126 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €1,214 | €26,641 | +€25,427 | +2,095% |
| Income taxes | 67/77 | €1,049 | €6,657 | +€5,607 | +534% |
| Profit (loss) for the period | 9904 | €165 | €19,985 | +€19,820 | +12,024% |
| Profit (loss) for the period to be appropriated | 9905 | €165 | €19,985 | +€19,820 | +12,024% |
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 19 October 2026 via checked.be.