ECARIUS: 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.
ECARIUS
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Cash -€178,172
down €178,172 (-37.8%), from €471,819 to €293,647
mainly Other debts (-€2.0m) and Current investments (-€500,000)
- Tangible fixed assets +€38,631
up €38,631 (+626%), from €6,172 to €44,803
of which Furniture and vehicles: +€39,430
- Receivables within one year +€34,340
up €34,340 (+10.9%), from €315,000 to €349,340
of which Other amounts receivable: +€34,340
- Other debts -€2.0m
down €2.0m (-96.0%), from €2.1m to €82,684
- Debts after one year +€2.0m
new in 2025: €2.0m
of which Financial debts: +€1.4m
- Reserves +€391,169
up €391,169 (+53.3%), from €734,317 to €1.1m
- Financial income +€41,509
up €41,509 (+15.1%), from €275,356 to €316,865
- Depreciation +€9,101
up €9,101 (+1,000%), from €910 to €10,011
- Taxes +€2,691
up €2,691 (+3.8%), from €71,115 to €73,806
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 | €2,891,991 | €3,275,156 | +€383,165 | +13.2% |
| Fixed assets | 21/28 | €2,090,172 | €2,128,803 | +€38,631 | +1.8% |
| Tangible fixed assets | 22/27 | €6,172 | €44,803 | +€38,631 | +626% |
| Furniture and vehicles | 24 | €2,731 | €42,161 | +€39,430 | +1,444% |
| Other tangible fixed assets | 26 | €3,441 | €2,642 | -€799 | -23.2% |
| Financial fixed assets | 28 | €2,084,000 | €2,084,000 | = | 0.0% |
| Current assets | 29/58 | €801,819 | €1,146,353 | +€344,533 | +43.0% |
| Amounts receivable within one year | 40/41 | €315,000 | €349,340 | +€34,340 | +10.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €315,000 | €349,340 | +€34,340 | +10.9% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €471,819 | €293,647 | -€178,172 | -37.8% |
| Deferred charges and accrued income | 490/1 | €15,000 | €3,366 | -€11,634 | -77.6% |
| Total equity and liabilities | 10/49 | €2,891,991 | €3,275,156 | +€383,165 | +13.2% |
| Equity | 10/15 | €735,817 | €1,126,986 | +€391,169 | +53.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €734,317 | €1,125,486 | +€391,169 | +53.3% |
| Distributable reserves | 133 | €734,317 | €1,125,486 | +€391,169 | +53.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,156,175 | €2,148,170 | -€8,005 | -0.4% |
| Amounts payable after more than one year | 17 | - | €1,983,968 | +€2.0m | |
| Financial debts | 170/4 | - | €1,383,968 | +€1.4m | |
| Other amounts payable | 178/9 | - | €600,000 | +€600,000 | |
| Amounts payable within one year | 42/48 | €2,156,175 | €163,255 | -€2.0m | -92.4% |
| Trade debts | 44 | €100 | €198 | +€98 | +97.7% |
| Suppliers | 440/4 | €100 | €198 | +€98 | +97.7% |
| Taxes, remuneration and social security | 45 | €79,833 | €80,373 | +€541 | +0.7% |
| Taxes | 450/3 | €75,208 | €75,748 | +€541 | +0.7% |
| Remuneration and social security | 454/9 | €4,625 | €4,625 | = | 0.0% |
| Other amounts payable | 47/48 | €2,076,242 | €82,684 | -€2.0m | -96.0% |
| Accrued charges and deferred income | 492/3 | - | €947 | +€947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €910 | €10,011 | +€9,101 | +1,000% |
| Other operating charges | 640/8 | €699 | €708 | +€9 | +1.3% |
| Gross operating margin | 9900 | €160,985 | €159,645 | -€1,340 | -0.8% |
| Operating profit (loss) | 9901 | €159,376 | €148,926 | -€10,450 | -6.6% |
| Financial income | 75/76B | €275,356 | €316,865 | +€41,509 | +15.1% |
| Recurring financial income | 75 | €275,356 | €316,865 | +€41,509 | +15.1% |
| Financial charges | 65/66B | €52 | €66 | +€14 | +25.7% |
| Recurring financial charges | 65 | €52 | €66 | +€14 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €434,680 | €465,725 | +€31,045 | +7.1% |
| Income taxes | 67/77 | €71,115 | €73,806 | +€2,691 | +3.8% |
| Profit (loss) for the period | 9904 | €363,565 | €391,919 | +€28,354 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €363,565 | €391,919 | +€28,354 | +7.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.