ECA SERVICE: 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 SERVICE
Largest movements
- Tangible fixed assets -€34,071
down €34,071 (-5.2%), from €649,218 to €615,147
- Intangible fixed assets -€22,674
down €22,674 (-20.0%), from €113,372 to €90,698
- Profit (loss) carried forward -€51,876
down €51,876 (-6.2%), from -€835,752 to -€887,628
- Debts after one year -€33,838
down €33,838 (-10.6%), from €319,672 to €285,834
- Other debts +€25,027
up €25,027 (+3.5%), from €711,024 to €736,051
- Gross operating margin -€88,618
down €88,618 (-76.6%), from €115,753 to €27,135
- Depreciation -€4,740
down €4,740 (-7.7%), from €61,486 to €56,746
- Financial charges -€2,358
down €2,358 (-12.9%), from €18,271 to €15,913
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.
Cash bridge derived
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 | €770,895 | €712,588 | -€58,307 | -7.6% |
| Fixed assets | 21/28 | €762,591 | €705,845 | -€56,746 | -7.4% |
| Intangible fixed assets | 21 | €113,372 | €90,698 | -€22,674 | -20.0% |
| Tangible fixed assets | 22/27 | €649,218 | €615,147 | -€34,071 | -5.2% |
| Land and buildings | 22 | €649,218 | €615,147 | -€34,071 | -5.2% |
| Current assets | 29/58 | €8,304 | €6,743 | -€1,561 | -18.8% |
| Amounts receivable within one year | 40/41 | €1,939 | €1,474 | -€465 | -24.0% |
| Trade receivables | 40 | €516 | €516 | = | 0.0% |
| Other amounts receivable | 41 | €1,422 | €957 | -€465 | -32.7% |
| Cash at bank and in hand | 54/58 | €4,384 | €4,528 | +€144 | +3.3% |
| Deferred charges and accrued income | 490/1 | €1,982 | €742 | -€1,240 | -62.6% |
| Total equity and liabilities | 10/49 | €770,895 | €712,588 | -€58,307 | -7.6% |
| Equity | 10/15 | -€335,752 | -€387,628 | -€51,876 | -15.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€835,752 | -€887,628 | -€51,876 | -6.2% |
| Amounts payable | 17/49 | €1,106,647 | €1,100,216 | -€6,431 | -0.6% |
| Amounts payable after more than one year | 17 | €319,672 | €285,834 | -€33,838 | -10.6% |
| Financial debts | 170/4 | €319,672 | €285,834 | -€33,838 | -10.6% |
| Amounts payable within one year | 42/48 | €786,975 | €814,382 | +€27,407 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €32,320 | €33,838 | +€1,519 | +4.7% |
| Trade debts | 44 | €41,250 | €41,614 | +€364 | +0.9% |
| Suppliers | 440/4 | €41,250 | €41,614 | +€364 | +0.9% |
| Taxes, remuneration and social security | 45 | €2,381 | €2,878 | +€497 | +20.9% |
| Taxes | 450/3 | €2,381 | €2,878 | +€497 | +20.9% |
| Other amounts payable | 47/48 | €711,024 | €736,051 | +€25,027 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,486 | €56,746 | -€4,740 | -7.7% |
| Other operating charges | 640/8 | €6,879 | €6,036 | -€842 | -12.2% |
| Gross operating margin | 9900 | €115,753 | €27,135 | -€88,618 | -76.6% |
| Operating profit (loss) | 9901 | €47,388 | -€35,647 | -€83,035 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €18,271 | €15,913 | -€2,358 | -12.9% |
| Recurring financial charges | 65 | €18,271 | €15,913 | -€2,358 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €29,118 | -€51,560 | -€80,678 | |
| Income taxes | 67/77 | €310 | €316 | +€5 | +1.7% |
| Profit (loss) for the period | 9904 | €28,808 | -€51,876 | -€80,683 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,808 | -€51,876 | -€80,683 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.