EC-DC: 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-DC
Largest movements
- Cash +€23,443
up €23,443 (+24.8%), from €94,352 to €117,795
mainly Net result for the year (+€36,962) and Receivables within one year (+€749)
- Reserves +€35,605
up €35,605 (+50.9%), from €69,940 to €105,545
- Tax, wage and social debts -€12,050
down €12,050 (-61.6%), from €19,547 to €7,497
of which Taxes: -€12,700
- Other debts -€1,598
down €1,598 (-9.3%), from €17,268 to €15,670
- Gross operating margin -€9,950
down €9,950 (-17.0%), from €58,573 to €48,623
- Financial charges -€2,075
down €2,075 (-50.4%), from €4,122 to €2,046
- Taxes -€1,254
down €1,254 (-11.1%), from €11,334 to €10,080
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 | €108,267 | €130,961 | +€22,694 | +21.0% |
| Current assets | 29/58 | €108,267 | €130,961 | +€22,694 | +21.0% |
| Amounts receivable within one year | 40/41 | €13,915 | €13,166 | -€749 | -5.4% |
| Trade receivables | 40 | €13,915 | €11,500 | -€2,415 | -17.4% |
| Other amounts receivable | 41 | - | €1,666 | +€1,666 | |
| Cash at bank and in hand | 54/58 | €94,352 | €117,795 | +€23,443 | +24.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €108,267 | €130,961 | +€22,694 | +21.0% |
| Equity | 10/15 | €71,440 | €107,045 | +€35,605 | +49.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €69,940 | €105,545 | +€35,605 | +50.9% |
| Distributable reserves | 133 | €69,940 | €105,545 | +€35,605 | +50.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €36,827 | €23,916 | -€12,911 | -35.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €36,827 | €23,916 | -€12,911 | -35.1% |
| Trade debts | 44 | €11 | €749 | +€737 | +6631.4% |
| Suppliers | 440/4 | €11 | €749 | +€737 | +6631.4% |
| Taxes, remuneration and social security | 45 | €19,547 | €7,497 | -€12,050 | -61.6% |
| Taxes | 450/3 | €17,247 | €4,547 | -€12,700 | -73.6% |
| Remuneration and social security | 454/9 | €2,300 | €2,950 | +€650 | +28.3% |
| Other amounts payable | 47/48 | €17,268 | €15,670 | -€1,598 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €58,573 | €48,623 | -€9,950 | -17.0% |
| Operating profit (loss) | 9901 | €58,455 | €48,503 | -€9,952 | -17.0% |
| Financial income | 75/76B | - | €585 | +€585 | |
| Recurring financial income | 75 | - | €585 | +€585 | |
| Financial charges | 65/66B | €4,122 | €2,046 | -€2,075 | -50.4% |
| Recurring financial charges | 65 | €4,122 | €2,046 | -€2,075 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €54,334 | €47,041 | -€7,292 | -13.4% |
| Income taxes | 67/77 | €11,334 | €10,080 | -€1,254 | -11.1% |
| Profit (loss) for the period | 9904 | €43,000 | €36,962 | -€6,038 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,000 | €36,962 | -€6,038 | -14.0% |
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 30 September 2026 via checked.be.