ECF Oxygen: 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.
What changed
ECF Oxygen
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€565,163
2024 · €501,312+€63,850
Equity
-€4.1m
2024 · -€3.4m-€688,837
Cash
€1.8m
2024 · €1.6m+€186,011
Balance sheet total
€18.2m
2024 · €18.8m-€630,787
Largest movements
Assets
- Tangible fixed assets -€601,604
down €601,604 (-3.7%), from €16.3m to €15.7m
- Receivables within one year -€190,118
down €190,118 (-59.6%), from €318,957 to €128,838
Equity and liabilities
- Profit (loss) carried forward -€688,837
down €688,837 (-15.1%), from -€4.6m to -€5.2m
Income statement
- Gross operating margin +€154,031
up €154,031 (+8.2%), from €1.9m to €2.0m
- Taxes +€47,682
up €47,682, from -€1,774 to €45,908
- Other operating charges +€42,847
up €42,847 (+11.4%), from €374,351 to €417,198
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.
Result 2024
€501,312
Gross operating margin
+€154,031
Other operating charges
-€42,847
Financial income
+€355
Financial charges
-€6
Taxes
-€47,682
Result 2025
€565,163
raises the resultlowers the result
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.
From operations
+€1.4m
Investment
€0
Financing
-€1.3m
Cash 2024
€1.6m
From operations (derived)
+€1.4m
Net result for the year
+€565,163
Depreciation
+€638,112
Receivables within one year
+€190,118
Deferred charges and accrued income
-€11,433
Trade debts
+€16,435
Tax, wage and social debts
+€14,706
Other debts
+€48,740
Accrued charges and deferred income
-€21,831
Financing
-€1.3m
Contributions, distributions and other
-€1.3m
Cash 2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,834,011 | €18,203,225 | -€630,787 | -3.3% |
| Formation expenses | 20 | €188,623 | €152,116 | -€36,508 | -19.4% |
| Fixed assets | 21/28 | €16,292,443 | €15,690,839 | -€601,604 | -3.7% |
| Tangible fixed assets | 22/27 | €16,292,443 | €15,690,839 | -€601,604 | -3.7% |
| Land and buildings | 22 | €16,292,443 | €15,690,839 | -€601,604 | -3.7% |
| Current assets | 29/58 | €2,352,945 | €2,360,270 | +€7,325 | +0.3% |
| Amounts receivable within one year | 40/41 | €318,957 | €128,838 | -€190,118 | -59.6% |
| Trade receivables | 40 | €318,957 | €128,838 | -€190,118 | -59.6% |
| Cash at bank and in hand | 54/58 | €1,635,502 | €1,821,513 | +€186,011 | +11.4% |
| Deferred charges and accrued income | 490/1 | €398,486 | €409,919 | +€11,433 | +2.9% |
| Total equity and liabilities | 10/49 | €18,834,011 | €18,203,225 | -€630,787 | -3.3% |
| Equity | 10/15 | -€3,433,738 | -€4,122,575 | -€688,837 | -20.1% |
| Contributions | 10/11 | €1,120,000 | €1,120,000 | = | 0.0% |
| Capital | 10 | €1,120,000 | €1,120,000 | = | 0.0% |
| Issued capital | 100 | €1,120,000 | €1,120,000 | = | 0.0% |
| Reserves | 13 | €891 | €891 | = | 0.0% |
| Non-distributable reserves | 130/1 | €891 | €891 | = | 0.0% |
| Legal reserve | 130 | €891 | €891 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,554,629 | -€5,243,466 | -€688,837 | -15.1% |
| Amounts payable | 17/49 | €22,267,749 | €22,325,800 | +€58,051 | +0.3% |
| Amounts payable after more than one year | 17 | €20,400,772 | €20,400,772 | = | 0.0% |
| Financial debts | 170/4 | €20,400,000 | €20,400,000 | = | 0.0% |
| Other amounts payable | 178/9 | €772 | €772 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,304,564 | €1,384,445 | +€79,882 | +6.1% |
| Trade debts | 44 | €99,242 | €115,678 | +€16,435 | +16.6% |
| Suppliers | 440/4 | €99,242 | €115,678 | +€16,435 | +16.6% |
| Taxes, remuneration and social security | 45 | €61 | €14,768 | +€14,706 | +23,991% |
| Taxes | 450/3 | €61 | €14,768 | +€14,706 | +23,991% |
| Other amounts payable | 47/48 | €1,205,260 | €1,254,000 | +€48,740 | +4.0% |
| Accrued charges and deferred income | 492/3 | €562,414 | €540,583 | -€21,831 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €638,112 | €638,112 | = | 0.0% |
| Other operating charges | 640/8 | €374,351 | €417,198 | +€42,847 | +11.4% |
| Gross operating margin | 9900 | €1,880,573 | €2,034,604 | +€154,031 | +8.2% |
| Operating profit (loss) | 9901 | €868,110 | €979,294 | +€111,184 | +12.8% |
| Financial income | 75/76B | €16,538 | €16,893 | +€355 | +2.1% |
| Recurring financial income | 75 | €16,538 | €16,893 | +€355 | +2.1% |
| Financial charges | 65/66B | €385,110 | €385,116 | +€6 | 0.0% |
| Recurring financial charges | 65 | €385,110 | €385,116 | +€6 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €499,538 | €611,071 | +€111,533 | +22.3% |
| Income taxes | 67/77 | -€1,774 | €45,908 | +€47,682 | |
| Profit (loss) for the period | 9904 | €501,312 | €565,163 | +€63,850 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €501,312 | €565,163 | +€63,850 | +12.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.