ECES: what changed
Two fiscal 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.
ECES
Largest movements
- Receivables within one year -€23,727
down €23,727 (-98.1%), from €24,182 to €454
of which Trade receivables: -€24,182
- Stocks and contracts +€5,006
up €5,006 (+87.4%), from €5,728 to €10,733
- Cash -€1,472
down €1,472 (-8.6%), from €17,126 to €15,653
mainly Accrued charges and deferred income (-€16,000) and Stocks and contracts (-€5,006)
- Accrued charges and deferred income -€16,000
no longer reported in 2025 (was €16,000)
- Tax, wage and social debts -€4,822
no longer reported in 2025 (was €4,822)
- Other debts +€3,673
up €3,673 (+50.1%), from €7,325 to €10,998
- Reserves -€2,922
down €2,922 (-18.2%), from €16,045 to €13,123
- Gross operating margin -€23,174
down €23,174, from €21,104 to -€2,070
- Taxes -€4,013
no longer reported in 2025 (was €4,013)
- Other operating charges -€370
down €370 (-41.6%), from €890 to €520
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.
Cash bridge derived
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 | €47,192 | €27,121 | -€20,071 | -42.5% |
| Current assets | 29/58 | €47,192 | €27,121 | -€20,071 | -42.5% |
| Stocks and contracts in progress | 3 | €5,728 | €10,733 | +€5,006 | +87.4% |
| Stocks | 30/36 | €5,728 | €10,733 | +€5,006 | +87.4% |
| Amounts receivable within one year | 40/41 | €24,182 | €454 | -€23,727 | -98.1% |
| Trade receivables | 40 | €24,182 | - | -€24,182 | |
| Other amounts receivable | 41 | - | €454 | +€454 | |
| Cash at bank and in hand | 54/58 | €17,126 | €15,653 | -€1,472 | -8.6% |
| Deferred charges and accrued income | 490/1 | €157 | €280 | +€123 | +78.6% |
| Total equity and liabilities | 10/49 | €47,192 | €27,121 | -€20,071 | -42.5% |
| Equity | 10/15 | €19,045 | €16,123 | -€2,922 | -15.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,045 | €13,123 | -€2,922 | -18.2% |
| Distributable reserves | 133 | €16,045 | €13,123 | -€2,922 | -18.2% |
| Amounts payable | 17/49 | €28,147 | €10,998 | -€17,149 | -60.9% |
| Amounts payable within one year | 42/48 | €12,147 | €10,998 | -€1,149 | -9.5% |
| Taxes, remuneration and social security | 45 | €4,822 | - | -€4,822 | |
| Taxes | 450/3 | €4,822 | - | -€4,822 | |
| Other amounts payable | 47/48 | €7,325 | €10,998 | +€3,673 | +50.1% |
| Accrued charges and deferred income | 492/3 | €16,000 | - | -€16,000 | |
| Other operating charges | 640/8 | €890 | €520 | -€370 | -41.6% |
| Gross operating margin | 9900 | €21,104 | -€2,070 | -€23,174 | |
| Operating profit (loss) | 9901 | €20,214 | -€2,590 | -€22,804 | |
| Financial charges | 65/66B | €157 | €332 | +€175 | +111.7% |
| Recurring financial charges | 65 | €157 | €332 | +€175 | +111.7% |
| Profit (loss) for the period before taxes | 9903 | €20,057 | -€2,922 | -€22,980 | |
| Income taxes | 67/77 | €4,013 | - | -€4,013 | |
| Profit (loss) for the period | 9904 | €16,045 | -€2,922 | -€18,967 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,045 | -€2,922 | -€18,967 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.