EC CONSULT: 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 CONSULT
Largest movements
- Current investments +€350,000
up €350,000 (+100.0%), from €350,000 to €700,000
- Tangible fixed assets -€312,677
down €312,677 (-86.2%), from €362,581 to €49,904
of which Land and buildings: -€316,819
- Cash -€17,398
down €17,398 (-44.2%), from €39,381 to €21,983
mainly Current investments (-€350,000) and Current portion of long-term debt (-€50,941)
- Reserves +€137,315
up €137,315 (+38.8%), from €353,635 to €490,949
of which Distributable reserves: +€122,315
- Current portion of long-term debt -€50,941
down €50,941 (-83.2%), from €61,208 to €10,267
- Other debts -€42,445
down €42,445 (-73.2%), from €57,959 to €15,514
- Tax, wage and social debts -€10,521
down €10,521 (-23.0%), from €45,777 to €35,256
of which Taxes: -€10,521
- Debts after one year -€10,267
down €10,267 (-100.0%), from €10,267 to €0
- Gross operating margin +€72,125
up €72,125 (+42.0%), from €171,650 to €243,775
- Other operating charges +€13,449
up €13,449 (+494.9%), from €2,718 to €16,166
- Financial income -€11,099
down €11,099 (-82.2%), from €13,496 to €2,397
- Taxes +€8,327
up €8,327 (+14.8%), from €56,425 to €64,752
- Depreciation -€6,024
down €6,024 (-24.2%), from €24,871 to €18,847
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 | €780,613 | €803,961 | +€23,348 | +3.0% |
| Fixed assets | 21/28 | €362,581 | €49,904 | -€312,677 | -86.2% |
| Tangible fixed assets | 22/27 | €362,581 | €49,904 | -€312,677 | -86.2% |
| Land and buildings | 22 | €316,819 | €0 | -€316,819 | -100.0% |
| Plant, machinery and equipment | 23 | €14,197 | €16,625 | +€2,428 | +17.1% |
| Furniture and vehicles | 24 | €31,565 | €33,278 | +€1,714 | +5.4% |
| Current assets | 29/58 | €418,032 | €754,058 | +€336,026 | +80.4% |
| Amounts receivable within one year | 40/41 | €26,017 | €29,417 | +€3,401 | +13.1% |
| Trade receivables | 40 | €23,272 | €29,415 | +€6,143 | +26.4% |
| Other amounts receivable | 41 | €2,745 | €2 | -€2,743 | -99.9% |
| Current investments | 50/53 | €350,000 | €700,000 | +€350,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €39,381 | €21,983 | -€17,398 | -44.2% |
| Deferred charges and accrued income | 490/1 | €2,635 | €2,658 | +€23 | +0.9% |
| Total equity and liabilities | 10/49 | €780,613 | €803,961 | +€23,348 | +3.0% |
| Equity | 10/15 | €603,635 | €740,949 | +€137,315 | +22.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Uncalled capital | 101 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €353,635 | €490,949 | +€137,315 | +38.8% |
| Non-distributable reserves | 130/1 | €35,000 | €50,000 | +€15,000 | +42.9% |
| Legal reserve | 130 | €35,000 | €50,000 | +€15,000 | +42.9% |
| Distributable reserves | 133 | €318,635 | €440,949 | +€122,315 | +38.4% |
| Amounts payable | 17/49 | €176,978 | €63,012 | -€113,966 | -64.4% |
| Amounts payable after more than one year | 17 | €10,267 | €0 | -€10,267 | -100.0% |
| Financial debts | 170/4 | €10,267 | €0 | -€10,267 | -100.0% |
| Amounts payable within one year | 42/48 | €166,682 | €63,012 | -€103,670 | -62.2% |
| Current portion of amounts payable after more than one year | 42 | €61,208 | €10,267 | -€50,941 | -83.2% |
| Trade debts | 44 | €1,737 | €1,975 | +€238 | +13.7% |
| Suppliers | 440/4 | €1,737 | €1,975 | +€238 | +13.7% |
| Taxes, remuneration and social security | 45 | €45,777 | €35,256 | -€10,521 | -23.0% |
| Taxes | 450/3 | €45,777 | €35,256 | -€10,521 | -23.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €57,959 | €15,514 | -€42,445 | -73.2% |
| Accrued charges and deferred income | 492/3 | €30 | €0 | -€30 | -100.0% |
| Non-recurring operating income | 76A | €7,141 | €51,889 | +€44,748 | +626.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,871 | €18,847 | -€6,024 | -24.2% |
| Other operating charges | 640/8 | €2,718 | €16,166 | +€13,449 | +494.9% |
| Non-recurring operating charges | 66A | - | €1,214 | +€1,214 | |
| Gross operating margin | 9900 | €171,650 | €243,775 | +€72,125 | +42.0% |
| Operating profit (loss) | 9901 | €144,062 | €207,549 | +€63,487 | +44.1% |
| Financial income | 75/76B | €13,496 | €2,397 | -€11,099 | -82.2% |
| Recurring financial income | 75 | €13,496 | €2,397 | -€11,099 | -82.2% |
| Financial charges | 65/66B | €8,117 | €7,880 | -€237 | -2.9% |
| Recurring financial charges | 65 | €8,117 | €7,880 | -€237 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €149,441 | €202,066 | +€52,625 | +35.2% |
| Income taxes | 67/77 | €56,425 | €64,752 | +€8,327 | +14.8% |
| Profit (loss) for the period | 9904 | €93,016 | €137,315 | +€44,298 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €93,016 | €137,315 | +€44,298 | +47.6% |
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 3 October 2026 via checked.be.