EC SERVICES: 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 SERVICES
Largest movements
- Cash +€40,486
up €40,486 (+36.2%), from €111,978 to €152,465
mainly Net result for the year (+€33,423) and Depreciation (+€30,600)
- Tangible fixed assets -€30,600
down €30,600 (-9.0%), from €340,571 to €309,970
of which Land and buildings: -€30,097
- Reserves +€33,423
up €33,423 (+20.7%), from €161,199 to €194,622
- Debts after one year -€28,601
down €28,601 (-13.3%), from €214,903 to €186,302
- Trade debts +€5,445
up €5,445 (+566%), from €962 to €6,407
- Financial charges -€1,189
down €1,189 (-11.4%), from €10,450 to €9,262
- Gross operating margin -€899
down €899 (-1.0%), from €89,476 to €88,577
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 | €473,646 | €482,229 | +€8,583 | +1.8% |
| Fixed assets | 21/28 | €340,571 | €309,970 | -€30,600 | -9.0% |
| Tangible fixed assets | 22/27 | €340,571 | €309,970 | -€30,600 | -9.0% |
| Land and buildings | 22 | €339,645 | €309,549 | -€30,097 | -8.9% |
| Furniture and vehicles | 24 | €926 | €422 | -€504 | -54.4% |
| Current assets | 29/58 | €133,075 | €172,259 | +€39,183 | +29.4% |
| Amounts receivable within one year | 40/41 | €16,604 | €18,102 | +€1,497 | +9.0% |
| Trade receivables | 40 | €14,954 | €18,102 | +€3,148 | +21.0% |
| Other amounts receivable | 41 | €1,650 | - | -€1,650 | |
| Cash at bank and in hand | 54/58 | €111,978 | €152,465 | +€40,486 | +36.2% |
| Deferred charges and accrued income | 490/1 | €4,493 | €1,692 | -€2,800 | -62.3% |
| Total equity and liabilities | 10/49 | €473,646 | €482,229 | +€8,583 | +1.8% |
| Equity | 10/15 | €216,999 | €250,422 | +€33,423 | +15.4% |
| Contributions | 10/11 | €55,800 | €55,800 | = | 0.0% |
| Reserves | 13 | €161,199 | €194,622 | +€33,423 | +20.7% |
| Distributable reserves | 133 | €161,199 | €194,622 | +€33,423 | +20.7% |
| Amounts payable | 17/49 | €256,647 | €231,807 | -€24,840 | -9.7% |
| Amounts payable after more than one year | 17 | €214,903 | €186,302 | -€28,601 | -13.3% |
| Financial debts | 170/4 | €214,903 | €186,302 | -€28,601 | -13.3% |
| Amounts payable within one year | 42/48 | €38,857 | €43,220 | +€4,363 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €27,521 | €28,601 | +€1,080 | +3.9% |
| Trade debts | 44 | €962 | €6,407 | +€5,445 | +566% |
| Suppliers | 440/4 | €962 | €6,407 | +€5,445 | +566% |
| Taxes, remuneration and social security | 45 | €7,167 | €6,178 | -€989 | -13.8% |
| Taxes | 450/3 | €7,167 | €6,178 | -€989 | -13.8% |
| Other amounts payable | 47/48 | €3,206 | €2,033 | -€1,173 | -36.6% |
| Accrued charges and deferred income | 492/3 | €2,888 | €2,285 | -€602 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,253 | €30,600 | -€653 | -2.1% |
| Other operating charges | 640/8 | €1,999 | €2,388 | +€389 | +19.5% |
| Gross operating margin | 9900 | €89,476 | €88,577 | -€899 | -1.0% |
| Operating profit (loss) | 9901 | €56,224 | €55,589 | -€635 | -1.1% |
| Financial income | 75/76B | €1,109 | €1,285 | +€176 | +15.9% |
| Recurring financial income | 75 | €1,109 | €1,285 | +€176 | +15.9% |
| Financial charges | 65/66B | €10,450 | €9,262 | -€1,189 | -11.4% |
| Recurring financial charges | 65 | €10,450 | €9,262 | -€1,189 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €46,882 | €47,612 | +€730 | +1.6% |
| Income taxes | 67/77 | €13,526 | €14,189 | +€663 | +4.9% |
| Profit (loss) for the period | 9904 | €33,356 | €33,423 | +€67 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,356 | €33,423 | +€67 | +0.2% |
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 14 October 2026 via checked.be.