ECA-PROJECTS: what changed
Two fiscal 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.
ECA-PROJECTS
Largest movements
- Receivables within one year -€9,918
down €9,918 (-18.8%), from €52,848 to €42,930
of which Trade receivables: -€13,794
- Cash +€6,724
up €6,724 (+66.2%), from €10,151 to €16,875
mainly Receivables within one year (+€9,918) and Net result for the year (+€5,308)
- Tangible fixed assets -€2,351
down €2,351 (-12.4%), from €18,932 to €16,581
of which Plant, machinery and equipment: -€1,369
- Tax, wage and social debts -€5,624
down €5,624 (-44.8%), from €12,562 to €6,939
- Reserves +€5,300
up €5,300 (+14.0%), from €37,900 to €43,200
- Current portion of long-term debt -€5,202
no longer reported in 2024 (was €5,202)
- Gross operating margin +€1,978
up €1,978 (+14.7%), from €13,478 to €15,456
- Other operating charges +€693
up €693 (+81.3%), from €852 to €1,545
- Taxes +€466
up €466 (+10.2%), from €4,559 to €5,024
- Depreciation -€216
down €216 (-8.4%), from €2,566 to €2,351
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,961 | €76,416 | -€5,545 | -6.8% |
| Fixed assets | 21/28 | €18,962 | €16,611 | -€2,351 | -12.4% |
| Tangible fixed assets | 22/27 | €18,932 | €16,581 | -€2,351 | -12.4% |
| Land and buildings | 22 | €11,718 | €10,956 | -€762 | -6.5% |
| Plant, machinery and equipment | 23 | €6,994 | €5,625 | -€1,369 | -19.6% |
| Furniture and vehicles | 24 | €220 | - | -€220 | |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €62,999 | €59,805 | -€3,194 | -5.1% |
| Amounts receivable within one year | 40/41 | €52,848 | €42,930 | -€9,918 | -18.8% |
| Trade receivables | 40 | €33,874 | €20,080 | -€13,794 | -40.7% |
| Other amounts receivable | 41 | €18,973 | €22,849 | +€3,876 | +20.4% |
| Cash at bank and in hand | 54/58 | €10,151 | €16,875 | +€6,724 | +66.2% |
| Total equity and liabilities | 10/49 | €81,961 | €76,416 | -€5,545 | -6.8% |
| Equity | 10/15 | €44,175 | €49,483 | +€5,308 | +12.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,900 | €43,200 | +€5,300 | +14.0% |
| Distributable reserves | 133 | €37,900 | €43,200 | +€5,300 | +14.0% |
| Profit (loss) carried forward | 14 | €75 | €83 | +€8 | +10.6% |
| Amounts payable | 17/49 | €37,786 | €26,933 | -€10,853 | -28.7% |
| Amounts payable within one year | 42/48 | €37,786 | €26,933 | -€10,853 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €5,202 | - | -€5,202 | |
| Trade debts | 44 | €20,021 | €19,994 | -€27 | -0.1% |
| Suppliers | 440/4 | €20,021 | €19,994 | -€27 | -0.1% |
| Taxes, remuneration and social security | 45 | €12,562 | €6,939 | -€5,624 | -44.8% |
| Taxes | 450/3 | €12,562 | €6,939 | -€5,624 | -44.8% |
| Remuneration, social security and pensions | 62 | €283 | €405 | +€123 | +43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,566 | €2,351 | -€216 | -8.4% |
| Other operating charges | 640/8 | €852 | €1,545 | +€693 | +81.3% |
| Gross operating margin | 9900 | €13,478 | €15,456 | +€1,978 | +14.7% |
| Operating profit (loss) | 9901 | €9,777 | €11,155 | +€1,378 | +14.1% |
| Financial income | 75/76B | €11 | €5 | -€6 | -55.5% |
| Recurring financial income | 75 | €11 | €5 | -€6 | -55.5% |
| Financial charges | 65/66B | €920 | €827 | -€93 | -10.1% |
| Recurring financial charges | 65 | €920 | €827 | -€93 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €8,868 | €10,332 | +€1,465 | +16.5% |
| Income taxes | 67/77 | €4,559 | €5,024 | +€466 | +10.2% |
| Profit (loss) for the period | 9904 | €4,309 | €5,308 | +€999 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,309 | €5,308 | +€999 | +23.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.