ECC: 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.
ECC
Largest movements
- Receivables within one year +€337,584
up €337,584 (+48.1%), from €701,368 to €1.0m
of which Trade receivables: +€345,536
- Cash +€18,850
up €18,850 (+85.1%), from €22,151 to €41,001
mainly Advances received (+€379,281) and Stocks and contracts (+€18,478)
- Stocks and contracts -€18,478
down €18,478 (-6.1%), from €302,619 to €284,141
- Advances received +€379,281
up €379,281 (+52.2%), from €726,502 to €1.1m
- Tax, wage and social debts -€30,386
down €30,386 (-47.4%), from €64,075 to €33,689
of which Taxes: -€39,358
- Trade debts -€20,233
down €20,233 (-10.8%), from €187,130 to €166,897
- Profit (loss) carried forward +€14,493
up €14,493 (+22.7%), from €63,762 to €78,255
- Staff costs +€60,306
new in 2025: €60,306
- Gross operating margin +€34,392
up €34,392 (+58.9%), from €58,425 to €92,817
- Taxes -€7,316
down €7,316 (-44.1%), from €16,602 to €9,286
- Other operating charges +€4,963
up €4,963 (+327%), from €1,517 to €6,479
- Financial charges -€1,951
down €1,951 (-56.8%), from €3,434 to €1,483
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 | €1,056,717 | €1,402,022 | +€345,305 | +32.7% |
| Fixed assets | 21/28 | €3,708 | €4,629 | +€921 | +24.8% |
| Tangible fixed assets | 22/27 | €2,503 | €3,425 | +€921 | +36.8% |
| Furniture and vehicles | 24 | €2,503 | €3,425 | +€921 | +36.8% |
| Financial fixed assets | 28 | €1,205 | €1,205 | = | 0.0% |
| Current assets | 29/58 | €1,053,009 | €1,397,393 | +€344,384 | +32.7% |
| Amounts receivable after more than one year | 29 | €24,800 | €30,400 | +€5,600 | +22.6% |
| Other amounts receivable | 291 | €24,800 | €30,400 | +€5,600 | +22.6% |
| Stocks and contracts in progress | 3 | €302,619 | €284,141 | -€18,478 | -6.1% |
| Stocks | 30/36 | €302,619 | €284,141 | -€18,478 | -6.1% |
| Amounts receivable within one year | 40/41 | €701,368 | €1,038,952 | +€337,584 | +48.1% |
| Trade receivables | 40 | €693,393 | €1,038,929 | +€345,536 | +49.8% |
| Other amounts receivable | 41 | €7,975 | €23 | -€7,952 | -99.7% |
| Cash at bank and in hand | 54/58 | €22,151 | €41,001 | +€18,850 | +85.1% |
| Deferred charges and accrued income | 490/1 | €2,071 | €2,899 | +€828 | +40.0% |
| Total equity and liabilities | 10/49 | €1,056,717 | €1,402,022 | +€345,305 | +32.7% |
| Equity | 10/15 | €78,970 | €93,463 | +€14,493 | +18.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €208 | €208 | = | 0.0% |
| Non-distributable reserves | 130/1 | €208 | €208 | = | 0.0% |
| Reserves not available under the articles | 1311 | €208 | €208 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,762 | €78,255 | +€14,493 | +22.7% |
| Amounts payable | 17/49 | €977,747 | €1,308,559 | +€330,812 | +33.8% |
| Amounts payable within one year | 42/48 | €977,747 | €1,308,559 | +€330,812 | +33.8% |
| Trade debts | 44 | €187,130 | €166,897 | -€20,233 | -10.8% |
| Suppliers | 440/4 | €187,130 | €166,897 | -€20,233 | -10.8% |
| Advances received on contracts in progress | 46 | €726,502 | €1,105,783 | +€379,281 | +52.2% |
| Taxes, remuneration and social security | 45 | €64,075 | €33,689 | -€30,386 | -47.4% |
| Taxes | 450/3 | €64,075 | €24,718 | -€39,358 | -61.4% |
| Remuneration and social security | 454/9 | - | €8,972 | +€8,972 | |
| Other amounts payable | 47/48 | €40 | €2,190 | +€2,150 | +5,370% |
| Remuneration, social security and pensions | 62 | - | €60,306 | +€60,306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,008 | €1,606 | +€598 | +59.3% |
| Other operating charges | 640/8 | €1,517 | €6,479 | +€4,963 | +327% |
| Gross operating margin | 9900 | €58,425 | €92,817 | +€34,392 | +58.9% |
| Operating profit (loss) | 9901 | €55,901 | €24,426 | -€31,474 | -56.3% |
| Financial income | 75/76B | €566 | €836 | +€270 | +47.6% |
| Recurring financial income | 75 | €566 | €836 | +€270 | +47.6% |
| Financial charges | 65/66B | €3,434 | €1,483 | -€1,951 | -56.8% |
| Recurring financial charges | 65 | €3,434 | €1,483 | -€1,951 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €53,033 | €23,779 | -€29,254 | -55.2% |
| Income taxes | 67/77 | €16,602 | €9,286 | -€7,316 | -44.1% |
| Profit (loss) for the period | 9904 | €36,431 | €14,493 | -€21,938 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,431 | €14,493 | -€21,938 | -60.2% |
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.