EC-cura: 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-cura
Largest movements
- Receivables within one year -€23,786
down €23,786 (-64.7%), from €36,749 to €12,963
of which Trade receivables: -€28,639
- Cash -€18,533
down €18,533 (-52.0%), from €35,640 to €17,107
mainly Advances received (-€34,862) and Investment in fixed assets (net) (-€17,576)
- Tangible fixed assets +€15,513
up €15,513 (+1581.0%), from €981 to €16,494
of which Furniture and vehicles: +€13,799
- Advances received -€34,862
down €34,862 (-100.0%), from €34,862 to €0
- Reserves +€11,078
up €11,078 (+53.7%), from €20,616 to €31,694
- Other debts -€7,379
down €7,379 (-100.0%), from €7,379 to €0
- Tax, wage and social debts +€4,264
up €4,264 (+54.8%), from €7,787 to €12,051
- Gross operating margin -€10,321
down €10,321 (-38.4%), from €26,859 to €16,539
- Taxes -€2,439
down €2,439 (-44.0%), from €5,537 to €3,098
- Depreciation +€1,914
up €1,914 (+1288.6%), from €149 to €2,063
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 | €73,901 | €47,243 | -€26,658 | -36.1% |
| Fixed assets | 21/28 | €981 | €16,494 | +€15,513 | +1581.0% |
| Tangible fixed assets | 22/27 | €981 | €16,494 | +€15,513 | +1581.0% |
| Plant, machinery and equipment | 23 | €981 | €2,694 | +€1,713 | +174.6% |
| Furniture and vehicles | 24 | - | €13,799 | +€13,799 | |
| Current assets | 29/58 | €72,920 | €30,749 | -€42,170 | -57.8% |
| Amounts receivable within one year | 40/41 | €36,749 | €12,963 | -€23,786 | -64.7% |
| Trade receivables | 40 | €36,655 | €8,016 | -€28,639 | -78.1% |
| Other amounts receivable | 41 | €94 | €4,948 | +€4,853 | +5155.0% |
| Cash at bank and in hand | 54/58 | €35,640 | €17,107 | -€18,533 | -52.0% |
| Deferred charges and accrued income | 490/1 | €531 | €679 | +€149 | +28.0% |
| Total equity and liabilities | 10/49 | €73,901 | €47,243 | -€26,658 | -36.1% |
| Equity | 10/15 | €23,616 | €34,694 | +€11,078 | +46.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,616 | €31,694 | +€11,078 | +53.7% |
| Distributable reserves | 133 | €20,616 | €31,694 | +€11,078 | +53.7% |
| Amounts payable | 17/49 | €50,285 | €12,549 | -€37,736 | -75.0% |
| Amounts payable within one year | 42/48 | €50,285 | €12,549 | -€37,736 | -75.0% |
| Trade debts | 44 | €257 | €499 | +€242 | +94.0% |
| Suppliers | 440/4 | €257 | €499 | +€242 | +94.0% |
| Advances received on contracts in progress | 46 | €34,862 | €0 | -€34,862 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,787 | €12,051 | +€4,264 | +54.8% |
| Taxes | 450/3 | €7,787 | €12,051 | +€4,264 | +54.8% |
| Other amounts payable | 47/48 | €7,379 | €0 | -€7,379 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149 | €2,063 | +€1,914 | +1288.6% |
| Other operating charges | 640/8 | €487 | €295 | -€192 | -39.4% |
| Gross operating margin | 9900 | €26,859 | €16,539 | -€10,321 | -38.4% |
| Operating profit (loss) | 9901 | €26,224 | €14,181 | -€12,043 | -45.9% |
| Financial income | 75/76B | - | €135 | +€135 | |
| Recurring financial income | 75 | - | €135 | +€135 | |
| Financial charges | 65/66B | €71 | €140 | +€69 | +96.3% |
| Recurring financial charges | 65 | €71 | €140 | +€69 | +96.3% |
| Profit (loss) for the period before taxes | 9903 | €26,153 | €14,176 | -€11,977 | -45.8% |
| Income taxes | 67/77 | €5,537 | €3,098 | -€2,439 | -44.0% |
| Profit (loss) for the period | 9904 | €20,616 | €11,078 | -€9,538 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,616 | €11,078 | -€9,538 | -46.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.