ECEM MARKET: 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.
ECEM MARKET
Largest movements
- Cash -€39,647
down €39,647 (-81.7%), from €48,555 to €8,908
mainly Advances received (-€43,944) and Stocks and contracts (-€14,832)
- Stocks and contracts +€14,832
up €14,832 (+14.3%), from €103,594 to €118,426
- Receivables within one year +€3,562
up €3,562 (+5.5%), from €64,220 to €67,782
- Advances received -€43,944
no longer reported in 2024 (was €43,944)
- Other debts -€13,073
down €13,073 (-33.1%), from €39,545 to €26,472
- Short-term financial debts +€12,592
new in 2024: €12,592
- Trade debts +€9,859
up €9,859 (+1,129%), from €873 to €10,733
- Tax, wage and social debts +€8,530
up €8,530 (+16.7%), from €50,986 to €59,516
of which Taxes: +€13,532
- Turnover -€29,494
down €29,494 (-3.6%), from €816,294 to €786,799
- Staff costs -€19,705
down €19,705 (-31.0%), from €63,590 to €43,886
- Taxes +€10,575
up €10,575 (+311%), from €3,396 to €13,970
- Gross operating margin -€10,441
down €10,441 (-11.8%), from €88,776 to €78,335
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,502 | €196,184 | -€21,318 | -9.8% |
| Fixed assets | 21/28 | €657 | €657 | = | 0.0% |
| Financial fixed assets | 28 | €657 | €657 | = | 0.0% |
| Current assets | 29/58 | €216,845 | €195,527 | -€21,318 | -9.8% |
| Stocks and contracts in progress | 3 | €103,594 | €118,426 | +€14,832 | +14.3% |
| Stocks | 30/36 | €103,594 | €118,426 | +€14,832 | +14.3% |
| Amounts receivable within one year | 40/41 | €64,220 | €67,782 | +€3,562 | +5.5% |
| Other amounts receivable | 41 | €64,220 | €67,782 | +€3,562 | +5.5% |
| Cash at bank and in hand | 54/58 | €48,555 | €8,908 | -€39,647 | -81.7% |
| Deferred charges and accrued income | 490/1 | €476 | €410 | -€66 | -13.9% |
| Total equity and liabilities | 10/49 | €217,502 | €196,184 | -€21,318 | -9.8% |
| Equity | 10/15 | €82,155 | €86,872 | +€4,717 | +5.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,552 | €1,552 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,552 | €1,552 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,552 | €1,552 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,203 | €72,920 | +€4,717 | +6.9% |
| Amounts payable | 17/49 | €135,347 | €109,312 | -€26,035 | -19.2% |
| Amounts payable within one year | 42/48 | €135,347 | €109,312 | -€26,035 | -19.2% |
| Financial debts | 43 | - | €12,592 | +€12,592 | |
| Credit institutions | 430/8 | - | €12,592 | +€12,592 | |
| Trade debts | 44 | €873 | €10,733 | +€9,859 | +1,129% |
| Suppliers | 440/4 | €873 | €10,733 | +€9,859 | +1,129% |
| Advances received on contracts in progress | 46 | €43,944 | - | -€43,944 | |
| Taxes, remuneration and social security | 45 | €50,986 | €59,516 | +€8,530 | +16.7% |
| Taxes | 450/3 | €4,145 | €17,676 | +€13,532 | +326% |
| Remuneration and social security | 454/9 | €46,841 | €41,839 | -€5,002 | -10.7% |
| Other amounts payable | 47/48 | €39,545 | €26,472 | -€13,073 | -33.1% |
| Turnover | 70 | €816,294 | €786,799 | -€29,494 | -3.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €729,084 | €732,217 | +€3,133 | +0.4% |
| Remuneration, social security and pensions | 62 | €63,590 | €43,886 | -€19,705 | -31.0% |
| Other operating charges | 640/8 | €10,652 | €2,993 | -€7,659 | -71.9% |
| Gross operating margin | 9900 | €88,776 | €78,335 | -€10,441 | -11.8% |
| Operating profit (loss) | 9901 | €14,534 | €31,457 | +€16,923 | +116% |
| Financial income | 75/76B | €3,758 | €15 | -€3,744 | -99.6% |
| Recurring financial income | 75 | €3,758 | €15 | -€3,744 | -99.6% |
| Financial charges | 65/66B | €14,477 | €12,786 | -€1,691 | -11.7% |
| Recurring financial charges | 65 | €14,477 | €12,786 | -€1,691 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €3,815 | €18,685 | +€14,870 | +390% |
| Income taxes | 67/77 | €3,396 | €13,970 | +€10,575 | +311% |
| Profit (loss) for the period | 9904 | €420 | €4,715 | +€4,296 | +1,024% |
| Profit (loss) for the period to be appropriated | 9905 | €420 | €4,715 | +€4,296 | +1,024% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.