ECETIA FINANCES: 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.
ECETIA FINANCES
Largest movements
- Receivables after one year -€1.5m
down €1.5m (-9.8%), from €15.1m to €13.6m
- Financial fixed assets -€1.2m
down €1.2m (-15.0%), from €8.3m to €7.0m
- Cash +€1.2m
up €1.2m (+83.7%), from €1.4m to €2.5m
mainly Receivables after one year (+€1.5m) and Investment in fixed assets (net) (+€1.2m)
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Debts after one year -€2.3m
down €2.3m (-10.6%), from €21.5m to €19.2m
- Current portion of long-term debt +€745,506
up €745,506 (+32.2%), from €2.3m to €3.1m
- Contributions -€370,145
down €370,145 (-10.4%), from €3.5m to €3.2m
- Financial charges -€211,371
down €211,371 (-35.8%), from €591,179 to €379,808
- Financial income -€167,845
down €167,845 (-20.4%), from €822,097 to €654,252
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 | €28,397,885 | €26,234,813 | -€2.2m | -7.6% |
| Fixed assets | 21/28 | €8,336,059 | €7,090,130 | -€1.2m | -14.9% |
| Tangible fixed assets | 22/27 | €48,740 | €48,740 | +€0 | 0.0% |
| Other tangible fixed assets | 26 | €48,740 | €48,740 | +€0 | 0.0% |
| Financial fixed assets | 28 | €8,287,319 | €7,041,390 | -€1.2m | -15.0% |
| Current assets | 29/58 | €20,061,826 | €19,144,683 | -€917,143 | -4.6% |
| Amounts receivable after more than one year | 29 | €15,072,836 | €13,589,358 | -€1.5m | -9.8% |
| Trade receivables | 290 | €15,072,836 | €13,589,358 | -€1.5m | -9.8% |
| Amounts receivable within one year | 40/41 | €3,085,591 | €3,004,902 | -€80,689 | -2.6% |
| Trade receivables | 40 | €215,323 | €163,546 | -€51,777 | -24.0% |
| Other amounts receivable | 41 | €2,870,268 | €2,841,357 | -€28,911 | -1.0% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €1,374,787 | €2,525,993 | +€1.2m | +83.7% |
| Deferred charges and accrued income | 490/1 | €28,612 | €24,429 | -€4,183 | -14.6% |
| Total equity and liabilities | 10/49 | €28,397,885 | €26,234,813 | -€2.2m | -7.6% |
| Equity | 10/15 | €3,889,671 | €3,276,684 | -€612,987 | -15.8% |
| Contributions | 10/11 | €3,542,758 | €3,172,613 | -€370,145 | -10.4% |
| Reserves | 13 | €346,913 | €104,071 | -€242,842 | -70.0% |
| Non-distributable reserves | 130/1 | €346,913 | €104,071 | -€242,842 | -70.0% |
| Reserves not available under the articles | 1311 | €346,913 | €104,071 | -€242,842 | -70.0% |
| Amounts payable | 17/49 | €24,508,214 | €22,958,129 | -€1.6m | -6.3% |
| Amounts payable after more than one year | 17 | €21,451,160 | €19,178,665 | -€2.3m | -10.6% |
| Financial debts | 170/4 | €21,451,160 | €19,178,665 | -€2.3m | -10.6% |
| Amounts payable within one year | 42/48 | €2,635,139 | €3,550,816 | +€915,677 | +34.7% |
| Current portion of amounts payable after more than one year | 42 | €2,313,905 | €3,059,411 | +€745,506 | +32.2% |
| Financial debts | 43 | - | €86,716 | +€86,716 | |
| Credit institutions | 430/8 | - | €86,716 | +€86,716 | |
| Trade debts | 44 | €723 | €7,679 | +€6,956 | +962% |
| Suppliers | 440/4 | €723 | €7,679 | +€6,956 | +962% |
| Taxes, remuneration and social security | 45 | €66,322 | €5,391 | -€60,931 | -91.9% |
| Taxes | 450/3 | €59,296 | €406 | -€58,890 | -99.3% |
| Remuneration and social security | 454/9 | €7,026 | €4,985 | -€2,041 | -29.0% |
| Other amounts payable | 47/48 | €254,189 | €391,619 | +€137,430 | +54.1% |
| Accrued charges and deferred income | 492/3 | €421,915 | €228,647 | -€193,268 | -45.8% |
| Other operating charges | 640/8 | €0 | €998 | +€998 | |
| Gross operating margin | 9900 | -€512,805 | -€516,288 | -€3,483 | -0.7% |
| Operating profit (loss) | 9901 | -€512,805 | -€517,287 | -€4,482 | -0.9% |
| Financial income | 75/76B | €822,097 | €654,252 | -€167,845 | -20.4% |
| Recurring financial income | 75 | €822,097 | €654,252 | -€167,845 | -20.4% |
| Financial charges | 65/66B | €591,179 | €379,808 | -€211,371 | -35.8% |
| Recurring financial charges | 65 | €591,179 | €379,808 | -€211,371 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€281,887 | -€242,842 | +€39,045 | +13.9% |
| Profit (loss) for the period | 9904 | -€281,887 | -€242,842 | +€39,045 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€281,887 | -€242,842 | +€39,045 | +13.9% |
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 29 October 2026 via checked.be.