EC Works: 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 Works
Largest movements
- Receivables within one year +€14,191
up €14,191 (+244%), from €5,813 to €20,004
of which Trade receivables: +€12,464
- Cash -€13,326
down €13,326 (-38.3%), from €34,792 to €21,466
mainly Contributions, distributions and other (-€15,000) and Receivables within one year (-€14,191)
- Tangible fixed assets -€12,710
down €12,710 (-23.4%), from €54,287 to €41,576
of which Furniture and vehicles: -€12,000
- Debts after one year -€13,064
down €13,064 (-31.4%), from €41,661 to €28,597
- Current portion of long-term debt -€12,150
down €12,150 (-48.2%), from €25,213 to €13,064
- Other debts +€7,855
up €7,855 (+160%), from €4,895 to €12,750
- Trade debts +€5,875
up €5,875 (+60.7%), from €9,671 to €15,546
- Reserves -€1,034
down €1,034 (-17.0%), from €6,070 to €5,035
- Gross operating margin +€24,992
up €24,992 (+196%), from €12,725 to €37,717
- Taxes +€6,307
up €6,307 (+378%), from €1,669 to €7,977
- Depreciation +€5,085
up €5,085 (+66.7%), from €7,625 to €12,710
- Financial charges +€451
up €451 (+19.1%), from €2,358 to €2,809
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 | €95,225 | €83,389 | -€11,836 | -12.4% |
| Fixed assets | 21/28 | €54,287 | €41,576 | -€12,710 | -23.4% |
| Tangible fixed assets | 22/27 | €54,287 | €41,576 | -€12,710 | -23.4% |
| Plant, machinery and equipment | 23 | €1,173 | €462 | -€711 | -60.6% |
| Furniture and vehicles | 24 | €53,114 | €41,114 | -€12,000 | -22.6% |
| Current assets | 29/58 | €40,938 | €41,813 | +€874 | +2.1% |
| Amounts receivable within one year | 40/41 | €5,813 | €20,004 | +€14,191 | +244% |
| Trade receivables | 40 | €5,813 | €18,278 | +€12,464 | +214% |
| Other amounts receivable | 41 | - | €1,726 | +€1,726 | |
| Cash at bank and in hand | 54/58 | €34,792 | €21,466 | -€13,326 | -38.3% |
| Deferred charges and accrued income | 490/1 | €333 | €343 | +€10 | +3.0% |
| Total equity and liabilities | 10/49 | €95,225 | €83,389 | -€11,836 | -12.4% |
| Equity | 10/15 | €6,070 | €5,035 | -€1,034 | -17.0% |
| Reserves | 13 | €6,070 | €5,035 | -€1,034 | -17.0% |
| Distributable reserves | 133 | €6,070 | €5,035 | -€1,034 | -17.0% |
| Amounts payable | 17/49 | €89,155 | €78,353 | -€10,802 | -12.1% |
| Amounts payable after more than one year | 17 | €41,661 | €28,597 | -€13,064 | -31.4% |
| Financial debts | 170/4 | €41,661 | €28,597 | -€13,064 | -31.4% |
| Amounts payable within one year | 42/48 | €47,494 | €49,756 | +€2,262 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €25,213 | €13,064 | -€12,150 | -48.2% |
| Trade debts | 44 | €9,671 | €15,546 | +€5,875 | +60.7% |
| Suppliers | 440/4 | €9,671 | €15,546 | +€5,875 | +60.7% |
| Taxes, remuneration and social security | 45 | €7,715 | €8,396 | +€681 | +8.8% |
| Taxes | 450/3 | €7,715 | €8,396 | +€681 | +8.8% |
| Other amounts payable | 47/48 | €4,895 | €12,750 | +€7,855 | +160% |
| Non-recurring operating income | 76A | €8,084 | - | -€8,084 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,625 | €12,710 | +€5,085 | +66.7% |
| Other operating charges | 640/8 | €228 | €255 | +€27 | +11.6% |
| Gross operating margin | 9900 | €12,725 | €37,717 | +€24,992 | +196% |
| Operating profit (loss) | 9901 | €4,872 | €24,752 | +€19,880 | +408% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,358 | €2,809 | +€451 | +19.1% |
| Recurring financial charges | 65 | €2,358 | €2,809 | +€451 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €2,513 | €21,942 | +€19,429 | +773% |
| Income taxes | 67/77 | €1,669 | €7,977 | +€6,307 | +378% |
| Profit (loss) for the period | 9904 | €844 | €13,966 | +€13,122 | +1,555% |
| Profit (loss) for the period to be appropriated | 9905 | €844 | €13,966 | +€13,122 | +1,555% |
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 19 October 2026 via checked.be.