ECAREPROTECT: 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.
What changed
ECAREPROTECT
NACE 46.421, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€11,971
2024 · €16,799-€4,828
Equity
€378,982
2024 · €367,011+€11,971
Cash
€14,243
2024 · €3,899+€10,344
Balance sheet total
€1.6m
2024 · €1.6m-€83,045
Largest movements
Assets
- Receivables within one year -€74,760
down €74,760 (-12.9%), from €579,630 to €504,870
of which Trade receivables: -€67,125
Equity and liabilities
- Debts after one year -€152,925
down €152,925 (-21.8%), from €701,910 to €548,985
- Short-term financial debts +€133,000
up €133,000 (+205%), from €65,000 to €198,000
- Trade debts -€50,692
down €50,692 (-22.5%), from €225,210 to €174,518
- Other debts -€39,138
down €39,138 (-55.9%), from €70,000 to €30,863
Income statement
- Staff costs +€9,042
up €9,042 (+4.1%), from €221,178 to €230,220
- Financial charges +€8,310
up €8,310 (+34.8%), from €23,878 to €32,188
- Gross operating margin +€7,021
up €7,021 (+2.3%), from €309,685 to €316,706
- Depreciation -€3,577
down €3,577 (-9.8%), from €36,325 to €32,749
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.
Result 2024
€16,799
Gross operating margin
+€7,021
Staff costs
-€9,042
Depreciation
+€3,577
Other operating charges
+€2,220
Other operating items
-€171
Financial income
+€2,143
Financial charges
-€8,310
Taxes
-€2,267
Result 2025
€11,971
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€49,645
Investment
-€20,046
Financing
-€19,254
Cash 2024
€3,899
From operations (derived)
+€49,645
Net result for the year
+€11,971
Depreciation
+€32,749
Stocks and contracts
+€7,209
Receivables within one year
+€74,760
Deferred charges and accrued income
-€1,282
Trade debts
-€50,692
Tax, wage and social debts
+€14,298
Other debts
-€39,138
Accrued charges and deferred income
-€230
Investment (derived)
-€20,046
Investment in fixed assets (net)
-€20,046
Financing
-€19,254
Debts after one year
-€152,925
Current portion of long-term debt
+€671
Short-term financial debts
+€133,000
Cash 2025
€14,243
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,645,483 | €1,562,438 | -€83,045 | -5.0% |
| Formation expenses | 20 | €154 | €154 | = | 0.0% |
| Fixed assets | 21/28 | €322,129 | €309,427 | -€12,702 | -3.9% |
| Intangible fixed assets | 21 | €17,436 | €12,150 | -€5,286 | -30.3% |
| Tangible fixed assets | 22/27 | €304,693 | €297,277 | -€7,416 | -2.4% |
| Land and buildings | 22 | €294,038 | €285,027 | -€9,011 | -3.1% |
| Plant, machinery and equipment | 23 | €5,998 | €8,427 | +€2,429 | +40.5% |
| Furniture and vehicles | 24 | €4,657 | €3,823 | -€834 | -17.9% |
| Current assets | 29/58 | €1,323,200 | €1,252,857 | -€70,343 | -5.3% |
| Stocks and contracts in progress | 3 | €733,076 | €725,867 | -€7,209 | -1.0% |
| Stocks | 30/36 | €733,076 | €725,867 | -€7,209 | -1.0% |
| Amounts receivable within one year | 40/41 | €579,630 | €504,870 | -€74,760 | -12.9% |
| Trade receivables | 40 | €542,474 | €475,349 | -€67,125 | -12.4% |
| Other amounts receivable | 41 | €37,156 | €29,521 | -€7,635 | -20.5% |
| Cash at bank and in hand | 54/58 | €3,899 | €14,243 | +€10,344 | +265% |
| Deferred charges and accrued income | 490/1 | €6,594 | €7,876 | +€1,282 | +19.4% |
| Total equity and liabilities | 10/49 | €1,645,483 | €1,562,438 | -€83,045 | -5.0% |
| Equity | 10/15 | €367,011 | €378,982 | +€11,971 | +3.3% |
| Contributions | 10/11 | €258,600 | €258,600 | = | 0.0% |
| Reserves | 13 | €96,892 | €96,892 | = | 0.0% |
| Non-distributable reserves | 130/1 | €644 | €644 | = | 0.0% |
| Reserves not available under the articles | 1311 | €644 | €644 | = | 0.0% |
| Distributable reserves | 133 | €96,248 | €96,248 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,519 | €23,490 | +€11,971 | +104% |
| Amounts payable | 17/49 | €1,278,472 | €1,183,456 | -€95,016 | -7.4% |
| Amounts payable after more than one year | 17 | €701,910 | €548,985 | -€152,925 | -21.8% |
| Financial debts | 170/4 | €701,910 | €548,985 | -€152,925 | -21.8% |
| Amounts payable within one year | 42/48 | €575,408 | €633,547 | +€58,139 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €152,254 | €152,925 | +€671 | +0.4% |
| Financial debts | 43 | €65,000 | €198,000 | +€133,000 | +205% |
| Credit institutions | 430/8 | €65,000 | €198,000 | +€133,000 | +205% |
| Trade debts | 44 | €225,210 | €174,518 | -€50,692 | -22.5% |
| Suppliers | 440/4 | €225,210 | €174,518 | -€50,692 | -22.5% |
| Taxes, remuneration and social security | 45 | €62,944 | €77,241 | +€14,298 | +22.7% |
| Taxes | 450/3 | €40,549 | €49,905 | +€9,356 | +23.1% |
| Remuneration and social security | 454/9 | €22,395 | €27,336 | +€4,942 | +22.1% |
| Other amounts payable | 47/48 | €70,000 | €30,863 | -€39,138 | -55.9% |
| Accrued charges and deferred income | 492/3 | €1,154 | €925 | -€230 | -19.9% |
| Remuneration, social security and pensions | 62 | €221,178 | €230,220 | +€9,042 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,325 | €32,749 | -€3,577 | -9.8% |
| Other operating charges | 640/8 | €6,895 | €4,675 | -€2,220 | -32.2% |
| Non-recurring operating charges | 66A | - | €171 | +€171 | |
| Gross operating margin | 9900 | €309,685 | €316,706 | +€7,021 | +2.3% |
| Operating profit (loss) | 9901 | €45,287 | €48,892 | +€3,605 | +8.0% |
| Financial income | 75/76B | €787 | €2,931 | +€2,143 | +272% |
| Recurring financial income | 75 | €787 | €2,931 | +€2,143 | +272% |
| Financial charges | 65/66B | €23,878 | €32,188 | +€8,310 | +34.8% |
| Recurring financial charges | 65 | €23,878 | €32,188 | +€8,310 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €22,196 | €19,634 | -€2,561 | -11.5% |
| Income taxes | 67/77 | €5,397 | €7,664 | +€2,267 | +42.0% |
| Profit (loss) for the period | 9904 | €16,799 | €11,971 | -€4,828 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,799 | €11,971 | -€4,828 | -28.7% |
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 15 October 2026 via checked.be.