EC PARTNERS: 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 PARTNERS
Largest movements
- Tangible fixed assets -€21,601
down €21,601 (-26.4%), from €81,763 to €60,163
of which Furniture and vehicles: -€21,009
- Stocks and contracts +€4,390
up €4,390 (+61.8%), from €7,100 to €11,489
- Intangible fixed assets -€2,500
down €2,500 (-22.2%), from €11,253 to €8,753
- Cash -€1,980
down €1,980 (-2.8%), from €69,914 to €67,935
mainly Debts after one year (-€17,878) and Other debts (-€10,792)
- Debts after one year -€17,878
down €17,878 (-56.5%), from €31,667 to €13,788
- Other debts -€10,792
down €10,792 (-33.6%), from €32,121 to €21,329
- Profit (loss) carried forward +€3,393
up €3,393 (+3.4%), from €100,803 to €104,196
- Gross operating margin -€14,521
down €14,521 (-31.8%), from €45,728 to €31,207
- Taxes -€5,039
down €5,039 (-77.0%), from €6,546 to €1,507
- Financial charges -€838
down €838 (-39.0%), from €2,151 to €1,313
- Depreciation +€750
up €750 (+3.2%), from €23,351 to €24,101
- Other operating charges +€613
up €613 (+134%), from €457 to €1,071
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 | €193,130 | €166,592 | -€26,537 | -13.7% |
| Fixed assets | 21/28 | €94,834 | €68,916 | -€25,918 | -27.3% |
| Intangible fixed assets | 21 | €11,253 | €8,753 | -€2,500 | -22.2% |
| Tangible fixed assets | 22/27 | €81,763 | €60,163 | -€21,601 | -26.4% |
| Plant, machinery and equipment | 23 | €2,484 | €2,104 | -€380 | -15.3% |
| Furniture and vehicles | 24 | €77,562 | €56,553 | -€21,009 | -27.1% |
| Other tangible fixed assets | 26 | €1,717 | €1,505 | -€212 | -12.3% |
| Financial fixed assets | 28 | €1,817 | €0 | -€1,817 | -100% |
| Current assets | 29/58 | €98,296 | €97,676 | -€620 | -0.6% |
| Stocks and contracts in progress | 3 | €7,100 | €11,489 | +€4,390 | +61.8% |
| Stocks | 30/36 | €7,100 | €11,489 | +€4,390 | +61.8% |
| Amounts receivable within one year | 40/41 | €17,204 | €15,669 | -€1,535 | -8.9% |
| Trade receivables | 40 | €15,059 | €7,636 | -€7,423 | -49.3% |
| Other amounts receivable | 41 | €2,145 | €8,034 | +€5,889 | +275% |
| Cash at bank and in hand | 54/58 | €69,914 | €67,935 | -€1,980 | -2.8% |
| Deferred charges and accrued income | 490/1 | €4,078 | €2,583 | -€1,495 | -36.7% |
| Total equity and liabilities | 10/49 | €193,130 | €166,592 | -€26,537 | -13.7% |
| Equity | 10/15 | €108,954 | €112,347 | +€3,393 | +3.1% |
| Contributions | 10/11 | €6,292 | €6,292 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,803 | €104,196 | +€3,393 | +3.4% |
| Amounts payable | 17/49 | €84,176 | €54,245 | -€29,931 | -35.6% |
| Amounts payable after more than one year | 17 | €31,667 | €13,788 | -€17,878 | -56.5% |
| Financial debts | 170/4 | €31,667 | €13,788 | -€17,878 | -56.5% |
| Amounts payable within one year | 42/48 | €52,509 | €40,457 | -€12,052 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €17,317 | €17,879 | +€561 | +3.2% |
| Financial debts | 43 | €105 | €105 | = | 0.0% |
| Credit institutions | 430/8 | €105 | €105 | = | 0.0% |
| Trade debts | 44 | €6 | €0 | -€6 | -100% |
| Suppliers | 440/4 | €6 | €0 | -€6 | -100% |
| Taxes, remuneration and social security | 45 | €2,959 | €1,144 | -€1,815 | -61.3% |
| Taxes | 450/3 | €2,959 | €1,144 | -€1,815 | -61.3% |
| Other amounts payable | 47/48 | €32,121 | €21,329 | -€10,792 | -33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,351 | €24,101 | +€750 | +3.2% |
| Other operating charges | 640/8 | €457 | €1,071 | +€613 | +134% |
| Gross operating margin | 9900 | €45,728 | €31,207 | -€14,521 | -31.8% |
| Operating profit (loss) | 9901 | €21,920 | €6,036 | -€15,884 | -72.5% |
| Financial income | 75/76B | €137 | €177 | +€40 | +28.8% |
| Recurring financial income | 75 | €137 | €177 | +€40 | +28.8% |
| Financial charges | 65/66B | €2,151 | €1,313 | -€838 | -39.0% |
| Recurring financial charges | 65 | €2,151 | €1,313 | -€838 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €19,907 | €4,900 | -€15,007 | -75.4% |
| Income taxes | 67/77 | €6,546 | €1,507 | -€5,039 | -77.0% |
| Profit (loss) for the period | 9904 | €13,361 | €3,393 | -€9,968 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,361 | €3,393 | -€9,968 | -74.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.