ECEB: 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.
ECEB
Largest movements
- Cash +€71,284
up €71,284 (+14.8%), from €483,089 to €554,373
mainly Net result for the year (+€79,285) and Depreciation (+€1,550)
- Reserves +€88,202
up €88,202 (+18.7%), from €470,653 to €558,855
of which Distributable reserves: +€79,285
- Contributions -€8,917
down €8,917 (-59.4%), from €15,017 to €6,100
- Gross operating margin +€8,587
up €8,587 (+7.8%), from €110,663 to €119,250
- Taxes +€5,784
up €5,784 (+17.7%), from €32,621 to €38,405
- Financial income -€5,708
down €5,708 (-59.5%), from €9,596 to €3,889
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 | €498,924 | €574,812 | +€75,888 | +15.2% |
| Fixed assets | 21/28 | €4,266 | €5,768 | +€1,502 | +35.2% |
| Tangible fixed assets | 22/27 | €4,266 | €5,768 | +€1,502 | +35.2% |
| Land and buildings | 22 | - | €1,745 | +€1,745 | |
| Plant, machinery and equipment | 23 | €956 | €763 | -€193 | -20.2% |
| Furniture and vehicles | 24 | €3,310 | €3,260 | -€50 | -1.5% |
| Current assets | 29/58 | €494,658 | €569,044 | +€74,386 | +15.0% |
| Amounts receivable within one year | 40/41 | €10,033 | €9,021 | -€1,012 | -10.1% |
| Other amounts receivable | 41 | €10,033 | €9,021 | -€1,012 | -10.1% |
| Cash at bank and in hand | 54/58 | €483,089 | €554,373 | +€71,284 | +14.8% |
| Deferred charges and accrued income | 490/1 | €1,536 | €5,650 | +€4,113 | +268% |
| Total equity and liabilities | 10/49 | €498,924 | €574,812 | +€75,888 | +15.2% |
| Equity | 10/15 | €485,670 | €564,955 | +€79,285 | +16.3% |
| Contributions | 10/11 | €15,017 | €6,100 | -€8,917 | -59.4% |
| Reserves | 13 | €470,653 | €558,855 | +€88,202 | +18.7% |
| Non-distributable reserves | 130/1 | - | €8,917 | +€8,917 | |
| Reserves not available under the articles | 1311 | - | €8,917 | +€8,917 | |
| Distributable reserves | 133 | €470,653 | €549,938 | +€79,285 | +16.8% |
| Amounts payable | 17/49 | €13,254 | €9,857 | -€3,397 | -25.6% |
| Amounts payable within one year | 42/48 | €13,254 | €9,857 | -€3,397 | -25.6% |
| Financial debts | 43 | - | €131 | +€131 | |
| Credit institutions | 430/8 | - | €131 | +€131 | |
| Trade debts | 44 | €3,240 | €551 | -€2,689 | -83.0% |
| Suppliers | 440/4 | €3,240 | €551 | -€2,689 | -83.0% |
| Taxes, remuneration and social security | 45 | €7,572 | €5,958 | -€1,613 | -21.3% |
| Taxes | 450/3 | €7,572 | €5,958 | -€1,613 | -21.3% |
| Other amounts payable | 47/48 | €2,442 | €3,216 | +€774 | +31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,908 | €1,550 | -€359 | -18.8% |
| Other operating charges | 640/8 | €624 | €1,280 | +€656 | +105% |
| Gross operating margin | 9900 | €110,663 | €119,250 | +€8,587 | +7.8% |
| Operating profit (loss) | 9901 | €108,131 | €116,420 | +€8,290 | +7.7% |
| Financial income | 75/76B | €9,596 | €3,889 | -€5,708 | -59.5% |
| Recurring financial income | 75 | €9,596 | €3,889 | -€5,708 | -59.5% |
| Financial charges | 65/66B | €3,510 | €2,619 | -€891 | -25.4% |
| Recurring financial charges | 65 | €3,510 | €2,619 | -€891 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €114,217 | €117,690 | +€3,473 | +3.0% |
| Income taxes | 67/77 | €32,621 | €38,405 | +€5,784 | +17.7% |
| Profit (loss) for the period | 9904 | €81,596 | €79,285 | -€2,311 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,596 | €79,285 | -€2,311 | -2.8% |
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 25 October 2026 via checked.be.