ECAROS: 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.
ECAROS
Largest movements
- Receivables within one year -€43,943
down €43,943 (-38.3%), from €114,858 to €70,915
of which Trade receivables: -€44,227
- Stocks and contracts -€8,593
down €8,593 (-12.2%), from €70,249 to €61,656
- Reserves -€52,145
down €52,145 (-33.3%), from €156,610 to €104,465
- Gross operating margin -€52,480
down €52,480, from €1,655 to -€50,826
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 | €190,335 | €137,715 | -€52,620 | -27.6% |
| Fixed assets | 21/28 | €2,113 | €1,531 | -€582 | -27.5% |
| Tangible fixed assets | 22/27 | €2,113 | €1,531 | -€582 | -27.5% |
| Furniture and vehicles | 24 | €2,113 | €1,531 | -€582 | -27.5% |
| Current assets | 29/58 | €188,222 | €136,185 | -€52,038 | -27.6% |
| Stocks and contracts in progress | 3 | €70,249 | €61,656 | -€8,593 | -12.2% |
| Stocks | 30/36 | €70,249 | €61,656 | -€8,593 | -12.2% |
| Amounts receivable within one year | 40/41 | €114,858 | €70,915 | -€43,943 | -38.3% |
| Trade receivables | 40 | €114,197 | €69,969 | -€44,227 | -38.7% |
| Other amounts receivable | 41 | €662 | €946 | +€284 | +43.0% |
| Cash at bank and in hand | 54/58 | €1,816 | €3,561 | +€1,745 | +96.1% |
| Deferred charges and accrued income | 490/1 | €1,299 | €53 | -€1,246 | -96.0% |
| Total equity and liabilities | 10/49 | €190,335 | €137,715 | -€52,620 | -27.6% |
| Equity | 10/15 | €175,210 | €123,065 | -€52,145 | -29.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €156,610 | €104,465 | -€52,145 | -33.3% |
| Distributable reserves | 133 | €156,610 | €104,465 | -€52,145 | -33.3% |
| Amounts payable | 17/49 | €15,124 | €14,650 | -€475 | -3.1% |
| Amounts payable within one year | 42/48 | €15,009 | €14,650 | -€360 | -2.4% |
| Trade debts | 44 | €13,920 | €13,630 | -€290 | -2.1% |
| Suppliers | 440/4 | €13,920 | €13,630 | -€290 | -2.1% |
| Advances received on contracts in progress | 46 | €657 | €657 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €70 | - | -€70 | |
| Taxes | 450/3 | €70 | - | -€70 | |
| Other amounts payable | 47/48 | €363 | €363 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €115 | - | -€115 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €582 | €582 | = | 0.0% |
| Other operating charges | 640/8 | €669 | €519 | -€150 | -22.4% |
| Gross operating margin | 9900 | €1,655 | -€50,826 | -€52,480 | |
| Operating profit (loss) | 9901 | €404 | -€51,927 | -€52,330 | |
| Financial income | 75/76B | €9 | €1 | -€8 | -90.6% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -90.6% |
| Financial charges | 65/66B | €304 | €215 | -€89 | -29.4% |
| Recurring financial charges | 65 | €304 | €215 | -€89 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €109 | -€52,140 | -€52,249 | |
| Income taxes | 67/77 | €70 | €5 | -€65 | -93.3% |
| Profit (loss) for the period | 9904 | €39 | -€52,145 | -€52,184 | |
| Profit (loss) for the period to be appropriated | 9905 | €39 | -€52,145 | -€52,184 |
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 17 October 2026 via checked.be.