EC MANAGEMENT ANTWERP: what changed
EC MANAGEMENT ANTWERP
Largest movements
- Current investments +€100,000
up €100,000 (+50.0%), from €200,000 to €300,000
- Cash -€32,401
down €32,401 (-23.7%), from €136,838 to €104,436
mainly Current investments (-€100,000) and Tax, wage and social debts (-€24,327)
- Receivables within one year +€12,094
up €12,094 (+161%), from €7,498 to €19,591
of which Trade receivables: +€12,100
- Tangible fixed assets -€9,858
down €9,858 (-28.5%), from €34,631 to €24,774
of which Furniture and vehicles: -€8,127
- Reserves +€108,600
up €108,600 (+63.3%), from €171,600 to €280,200
- Tax, wage and social debts -€24,327
down €24,327 (-29.9%), from €81,417 to €57,090
- Other debts -€13,975
down €13,975 (-11.9%), from €117,240 to €103,265
- Gross operating margin +€15,427
up €15,427 (+10.2%), from €151,769 to €167,196
- Taxes +€15,068
up €15,068 (+40.9%), from €36,797 to €51,865
- Financial income +€3,144
up €3,144 (+258%), from €1,219 to €4,363
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €380,263 | €451,475 | +€71,212 | +18.7% |
| Fixed assets | 21/28 | €34,631 | €24,774 | -€9,858 | -28.5% |
| Tangible fixed assets | 22/27 | €34,631 | €24,774 | -€9,858 | -28.5% |
| Furniture and vehicles | 24 | €24,331 | €16,204 | -€8,127 | -33.4% |
| Other tangible fixed assets | 26 | €10,300 | €8,569 | -€1,731 | -16.8% |
| Current assets | 29/58 | €345,631 | €426,701 | +€81,070 | +23.5% |
| Amounts receivable within one year | 40/41 | €7,498 | €19,591 | +€12,094 | +161% |
| Trade receivables | 40 | €7,267 | €19,367 | +€12,100 | +166% |
| Other amounts receivable | 41 | €230 | €224 | -€6 | -2.7% |
| Current investments | 50/53 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €136,838 | €104,436 | -€32,401 | -23.7% |
| Deferred charges and accrued income | 490/1 | €1,296 | €2,674 | +€1,377 | +106% |
| Total equity and liabilities | 10/49 | €380,263 | €451,475 | +€71,212 | +18.7% |
| Equity | 10/15 | €181,569 | €290,276 | +€108,707 | +59.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €171,600 | €280,200 | +€108,600 | +63.3% |
| Distributable reserves | 133 | €171,600 | €280,200 | +€108,600 | +63.3% |
| Profit (loss) carried forward | 14 | €4,969 | €5,076 | +€107 | +2.2% |
| Amounts payable | 17/49 | €198,694 | €161,199 | -€37,495 | -18.9% |
| Amounts payable within one year | 42/48 | €198,694 | €161,199 | -€37,495 | -18.9% |
| Trade debts | 44 | €36 | €843 | +€807 | +2,231% |
| Suppliers | 440/4 | €36 | €843 | +€807 | +2,231% |
| Taxes, remuneration and social security | 45 | €81,417 | €57,090 | -€24,327 | -29.9% |
| Taxes | 450/3 | €81,417 | €57,090 | -€24,327 | -29.9% |
| Other amounts payable | 47/48 | €117,240 | €103,265 | -€13,975 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,083 | €9,858 | -€226 | -2.2% |
| Other operating charges | 640/8 | €733 | €697 | -€35 | -4.8% |
| Gross operating margin | 9900 | €151,769 | €167,196 | +€15,427 | +10.2% |
| Operating profit (loss) | 9901 | €140,953 | €156,641 | +€15,687 | +11.1% |
| Financial income | 75/76B | €1,219 | €4,363 | +€3,144 | +258% |
| Recurring financial income | 75 | €1,219 | €4,363 | +€3,144 | +258% |
| Financial charges | 65/66B | €541 | €432 | -€109 | -20.2% |
| Recurring financial charges | 65 | €541 | €432 | -€109 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €141,632 | €160,572 | +€18,940 | +13.4% |
| Income taxes | 67/77 | €36,797 | €51,865 | +€15,068 | +40.9% |
| Profit (loss) for the period | 9904 | €104,835 | €108,707 | +€3,873 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €104,835 | €108,707 | +€3,873 | +3.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.