EC SURVEYS: 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 SURVEYS
Largest movements
- Receivables within one year +€20,631
up €20,631 (+69.4%), from €29,708 to €50,339
of which Trade receivables: +€14,386
- Tangible fixed assets -€16,007
down €16,007 (-6.8%), from €234,400 to €218,393
of which Furniture and vehicles: -€25,191
- Cash +€4,283
up €4,283 (+20.8%), from €20,613 to €24,897
mainly Depreciation (+€38,281) and Trade debts (+€18,747)
- Debts after one year -€25,697
down €25,697 (-30.2%), from €85,108 to €59,411
of which Financial debts: -€25,697
- Trade debts +€18,747
up €18,747 (+130%), from €14,368 to €33,115
- Reserves +€7,691
up €7,691 (+5.1%), from €151,557 to €159,247
- Tax, wage and social debts +€7,491
up €7,491 (+611%), from €1,226 to €8,717
of which Taxes: +€7,429
- Gross operating margin -€82,385
down €82,385 (-52.8%), from €155,928 to €73,544
- Taxes -€24,815
down €24,815 (-67.0%), from €37,034 to €12,219
- Depreciation +€10,174
up €10,174 (+36.2%), from €28,107 to €38,281
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 | €285,522 | €295,264 | +€9,742 | +3.4% |
| Fixed assets | 21/28 | €234,400 | €218,518 | -€15,882 | -6.8% |
| Tangible fixed assets | 22/27 | €234,400 | €218,393 | -€16,007 | -6.8% |
| Land and buildings | 22 | €108,160 | €105,430 | -€2,730 | -2.5% |
| Plant, machinery and equipment | 23 | €13,142 | €25,056 | +€11,914 | +90.7% |
| Furniture and vehicles | 24 | €113,098 | €87,908 | -€25,191 | -22.3% |
| Financial fixed assets | 28 | - | €125 | +€125 | |
| Current assets | 29/58 | €51,122 | €76,746 | +€25,625 | +50.1% |
| Amounts receivable within one year | 40/41 | €29,708 | €50,339 | +€20,631 | +69.4% |
| Trade receivables | 40 | €25,906 | €40,292 | +€14,386 | +55.5% |
| Other amounts receivable | 41 | €3,802 | €10,047 | +€6,245 | +164% |
| Cash at bank and in hand | 54/58 | €20,613 | €24,897 | +€4,283 | +20.8% |
| Deferred charges and accrued income | 490/1 | €801 | €1,511 | +€710 | +88.7% |
| Total equity and liabilities | 10/49 | €285,522 | €295,264 | +€9,742 | +3.4% |
| Equity | 10/15 | €157,757 | €165,447 | +€7,691 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €151,557 | €159,247 | +€7,691 | +5.1% |
| Distributable reserves | 133 | €151,557 | €159,247 | +€7,691 | +5.1% |
| Amounts payable | 17/49 | €127,766 | €129,817 | +€2,052 | +1.6% |
| Amounts payable after more than one year | 17 | €85,108 | €59,411 | -€25,697 | -30.2% |
| Financial debts | 170/4 | €55,108 | €29,411 | -€25,697 | -46.6% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,858 | €68,604 | +€27,746 | +67.9% |
| Current portion of amounts payable after more than one year | 42 | €25,059 | €25,697 | +€637 | +2.5% |
| Trade debts | 44 | €14,368 | €33,115 | +€18,747 | +130% |
| Suppliers | 440/4 | €14,368 | €33,115 | +€18,747 | +130% |
| Taxes, remuneration and social security | 45 | €1,226 | €8,717 | +€7,491 | +611% |
| Taxes | 450/3 | €1,226 | €8,655 | +€7,429 | +606% |
| Remuneration and social security | 454/9 | - | €61 | +€61 | |
| Other amounts payable | 47/48 | €205 | €1,077 | +€871 | +425% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,802 | +€2 | +0.1% |
| Non-recurring operating income | 76A | €16,529 | - | -€16,529 | |
| Remuneration, social security and pensions | 62 | €801 | - | -€801 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,107 | €38,281 | +€10,174 | +36.2% |
| Other operating charges | 640/8 | €1,681 | €1,370 | -€311 | -18.5% |
| Gross operating margin | 9900 | €155,928 | €73,544 | -€82,385 | -52.8% |
| Operating profit (loss) | 9901 | €125,339 | €33,892 | -€91,447 | -73.0% |
| Financial income | 75/76B | €1 | €0 | -€0 | -98.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -98.0% |
| Financial charges | 65/66B | €4,342 | €3,127 | -€1,215 | -28.0% |
| Recurring financial charges | 65 | €4,342 | €3,127 | -€1,215 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €120,997 | €30,765 | -€90,232 | -74.6% |
| Income taxes | 67/77 | €37,034 | €12,219 | -€24,815 | -67.0% |
| Profit (loss) for the period | 9904 | €83,964 | €18,546 | -€65,417 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,964 | €18,546 | -€65,417 | -77.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.