ECBOL: 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.
ECBOL
Largest movements
- Cash -€22,010
down €22,010 (-33.1%), from €66,514 to €44,504
mainly Tax, wage and social debts (-€18,272) and Current investments (-€4,504)
- Current investments +€4,504
new in 2025: €4,504
- Tangible fixed assets -€3,143
down €3,143 (-49.4%), from €6,356 to €3,213
- Receivables within one year +€3,061
up €3,061 (+36.7%), from €8,331 to €11,392
of which Trade receivables: +€1,782
- Deferred charges and accrued income +€1,727
up €1,727 (+965%), from €179 to €1,906
- Tax, wage and social debts -€18,272
down €18,272 (-75.4%), from €24,236 to €5,964
of which Taxes: -€11,581
- Profit (loss) carried forward +€3,266
up €3,266 (+6.4%), from €50,976 to €54,242
- Other debts -€833
no longer reported in 2025 (was €833)
- Gross operating margin -€52,447
down €52,447 (-84.4%), from €62,154 to €9,706
- Taxes -€10,704
down €10,704 (-81.8%), from €13,088 to €2,384
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 | €81,472 | €65,610 | -€15,862 | -19.5% |
| Fixed assets | 21/28 | €6,448 | €3,305 | -€3,143 | -48.7% |
| Tangible fixed assets | 22/27 | €6,356 | €3,213 | -€3,143 | -49.4% |
| Furniture and vehicles | 24 | €6,356 | €3,213 | -€3,143 | -49.4% |
| Financial fixed assets | 28 | €92 | €92 | = | 0.0% |
| Current assets | 29/58 | €75,024 | €62,305 | -€12,719 | -17.0% |
| Amounts receivable within one year | 40/41 | €8,331 | €11,392 | +€3,061 | +36.7% |
| Trade receivables | 40 | €8,276 | €10,059 | +€1,782 | +21.5% |
| Other amounts receivable | 41 | €55 | €1,334 | +€1,279 | +2,333% |
| Current investments | 50/53 | - | €4,504 | +€4,504 | |
| Cash at bank and in hand | 54/58 | €66,514 | €44,504 | -€22,010 | -33.1% |
| Deferred charges and accrued income | 490/1 | €179 | €1,906 | +€1,727 | +965% |
| Total equity and liabilities | 10/49 | €81,472 | €65,610 | -€15,862 | -19.5% |
| Equity | 10/15 | €53,476 | €56,742 | +€3,266 | +6.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,976 | €54,242 | +€3,266 | +6.4% |
| Amounts payable | 17/49 | €27,995 | €8,868 | -€19,128 | -68.3% |
| Amounts payable within one year | 42/48 | €27,995 | €8,868 | -€19,128 | -68.3% |
| Trade debts | 44 | €2,927 | €2,904 | -€23 | -0.8% |
| Suppliers | 440/4 | €2,927 | €2,904 | -€23 | -0.8% |
| Taxes, remuneration and social security | 45 | €24,236 | €5,964 | -€18,272 | -75.4% |
| Taxes | 450/3 | €17,545 | €5,964 | -€11,581 | -66.0% |
| Remuneration and social security | 454/9 | €6,691 | - | -€6,691 | |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,525 | €3,143 | +€617 | +24.4% |
| Other operating charges | 640/8 | €699 | €912 | +€213 | +30.4% |
| Gross operating margin | 9900 | €62,154 | €9,706 | -€52,447 | -84.4% |
| Operating profit (loss) | 9901 | €58,929 | €5,652 | -€53,277 | -90.4% |
| Financial income | 75/76B | - | €56 | +€56 | |
| Recurring financial income | 75 | - | €56 | +€56 | |
| Financial charges | 65/66B | €117 | €57 | -€59 | -50.9% |
| Recurring financial charges | 65 | €117 | €57 | -€59 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €58,812 | €5,650 | -€53,162 | -90.4% |
| Income taxes | 67/77 | €13,088 | €2,384 | -€10,704 | -81.8% |
| Profit (loss) for the period | 9904 | €45,724 | €3,266 | -€42,458 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,724 | €3,266 | -€42,458 | -92.9% |
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 19 October 2026 via checked.be.