EC&D: 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&D
Largest movements
- Current investments -€270,000
no longer reported in 2025 (was €270,000)
- Cash +€51,623
up €51,623 (+262%), from €19,712 to €71,335
mainly Current investments (+€270,000) and Net result for the year (+€67,564)
- Receivables after one year -€6,250
down €6,250 (-66.7%), from €9,375 to €3,125
- Other debts -€134,044
down €134,044 (-66.7%), from €200,928 to €66,884
- Reserves -€91,436
down €91,436 (-96.8%), from €94,492 to €3,056
- Gross operating margin +€7,142
up €7,142 (+10.3%), from €69,466 to €76,608
- Financial income +€1,762
up €1,762 (+21.7%), from €8,108 to €9,870
- Financial charges +€1,396
up €1,396 (+504%), from €277 to €1,673
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.
Derived cash bridge
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 | €322,930 | €97,958 | -€224,972 | -69.7% |
| Fixed assets | 21/28 | €92 | €92 | = | 0.0% |
| Financial fixed assets | 28 | €92 | €92 | = | 0.0% |
| Current assets | 29/58 | €322,838 | €97,866 | -€224,972 | -69.7% |
| Amounts receivable after more than one year | 29 | €9,375 | €3,125 | -€6,250 | -66.7% |
| Other amounts receivable | 291 | €9,375 | €3,125 | -€6,250 | -66.7% |
| Amounts receivable within one year | 40/41 | €22,983 | €22,977 | -€6 | 0.0% |
| Trade receivables | 40 | €16,306 | €16,727 | +€421 | +2.6% |
| Other amounts receivable | 41 | €6,677 | €6,250 | -€427 | -6.4% |
| Current investments | 50/53 | €270,000 | - | -€270,000 | |
| Cash at bank and in hand | 54/58 | €19,712 | €71,335 | +€51,623 | +262% |
| Deferred charges and accrued income | 490/1 | €768 | €429 | -€339 | -44.1% |
| Total equity and liabilities | 10/49 | €322,930 | €97,958 | -€224,972 | -69.7% |
| Equity | 10/15 | €113,092 | €21,656 | -€91,436 | -80.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,492 | €3,056 | -€91,436 | -96.8% |
| Distributable reserves | 133 | €94,492 | €3,056 | -€91,436 | -96.8% |
| Amounts payable | 17/49 | €209,838 | €76,302 | -€133,536 | -63.6% |
| Amounts payable within one year | 42/48 | €209,728 | €76,302 | -€133,426 | -63.6% |
| Trade debts | 44 | €484 | €704 | +€220 | +45.5% |
| Suppliers | 440/4 | €484 | €704 | +€220 | +45.5% |
| Taxes, remuneration and social security | 45 | €8,316 | €8,714 | +€398 | +4.8% |
| Taxes | 450/3 | €8,316 | €8,714 | +€398 | +4.8% |
| Other amounts payable | 47/48 | €200,928 | €66,884 | -€134,044 | -66.7% |
| Accrued charges and deferred income | 492/3 | €110 | - | -€110 | |
| Other operating charges | 640/8 | €890 | €1,068 | +€178 | +20.0% |
| Gross operating margin | 9900 | €69,466 | €76,608 | +€7,142 | +10.3% |
| Operating profit (loss) | 9901 | €68,576 | €75,540 | +€6,964 | +10.2% |
| Financial income | 75/76B | €8,108 | €9,870 | +€1,762 | +21.7% |
| Recurring financial income | 75 | €8,108 | €9,870 | +€1,762 | +21.7% |
| Financial charges | 65/66B | €277 | €1,673 | +€1,396 | +504% |
| Recurring financial charges | 65 | €277 | €1,673 | +€1,396 | +504% |
| Profit (loss) for the period before taxes | 9903 | €76,407 | €83,737 | +€7,330 | +9.6% |
| Income taxes | 67/77 | €15,998 | €16,173 | +€175 | +1.1% |
| Profit (loss) for the period | 9904 | €60,409 | €67,564 | +€7,155 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,409 | €67,564 | +€7,155 | +11.8% |
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 15 October 2026 via checked.be.