ECG Labs: 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.
ECG Labs
Largest movements
- Receivables within one year +€93,612
up €93,612 (+150.3%), from €62,299 to €155,911
of which Trade receivables: +€84,656
- Profit (loss) carried forward -€317,677
down €317,677 (-122.9%), from -€258,506 to -€576,183
- Trade debts +€282,360
up €282,360 (+514.9%), from €54,838 to €337,198
- Other debts +€140,000
new in 2025: €140,000
- Current portion of long-term debt -€48,887
down €48,887 (-94.0%), from €51,993 to €3,106
- Purchases and services +€355,738
up €355,738 (+71.5%), from €497,535 to €853,273
- Gross operating margin -€269,075
down €269,075, from €103,818 to -€165,257
- Turnover +€86,618
up €86,618 (+14.4%), from €599,508 to €686,126
- Financial charges -€11,947
down €11,947 (-14.2%), from €83,899 to €71,952
- Staff costs +€7,212
up €7,212 (+11.1%), from €64,839 to €72,051
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 | €2,568,423 | €2,641,067 | +€72,644 | +2.8% |
| Fixed assets | 21/28 | €2,477,542 | €2,469,169 | -€8,373 | -0.3% |
| Tangible fixed assets | 22/27 | €10,542 | €4,169 | -€6,373 | -60.5% |
| Plant, machinery and equipment | 23 | €1,243 | €927 | -€316 | -25.5% |
| Leasing and similar rights | 25 | €9,299 | €3,242 | -€6,057 | -65.1% |
| Financial fixed assets | 28 | €2,467,000 | €2,465,000 | -€2,000 | -0.1% |
| Current assets | 29/58 | €90,881 | €171,898 | +€81,018 | +89.1% |
| Amounts receivable within one year | 40/41 | €62,299 | €155,911 | +€93,612 | +150.3% |
| Trade receivables | 40 | €54,533 | €139,189 | +€84,656 | +155.2% |
| Other amounts receivable | 41 | €7,767 | €16,723 | +€8,956 | +115.3% |
| Cash at bank and in hand | 54/58 | €28,141 | €14,826 | -€13,315 | -47.3% |
| Deferred charges and accrued income | 490/1 | €440 | €1,161 | +€721 | +163.7% |
| Total equity and liabilities | 10/49 | €2,568,423 | €2,641,067 | +€72,644 | +2.8% |
| Equity | 10/15 | €1,273,003 | €955,326 | -€317,677 | -25.0% |
| Contributions | 10/11 | €1,531,509 | €1,531,509 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€258,506 | -€576,183 | -€317,677 | -122.9% |
| Amounts payable | 17/49 | €1,295,419 | €1,685,741 | +€390,322 | +30.1% |
| Amounts payable after more than one year | 17 | €1,169,101 | €1,175,503 | +€6,402 | +0.5% |
| Financial debts | 170/4 | €1,169,101 | €1,175,503 | +€6,402 | +0.5% |
| Amounts payable within one year | 42/48 | €114,817 | €488,803 | +€373,985 | +325.7% |
| Current portion of amounts payable after more than one year | 42 | €51,993 | €3,106 | -€48,887 | -94.0% |
| Trade debts | 44 | €54,838 | €337,198 | +€282,360 | +514.9% |
| Suppliers | 440/4 | €54,838 | €337,198 | +€282,360 | +514.9% |
| Taxes, remuneration and social security | 45 | €7,986 | €8,499 | +€512 | +6.4% |
| Taxes | 450/3 | €452 | €174 | -€278 | -61.4% |
| Remuneration and social security | 454/9 | €7,534 | €8,324 | +€790 | +10.5% |
| Other amounts payable | 47/48 | - | €140,000 | +€140,000 | |
| Accrued charges and deferred income | 492/3 | €11,501 | €21,436 | +€9,935 | +86.4% |
| Turnover | 70 | €599,508 | €686,126 | +€86,618 | +14.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €497,535 | €853,273 | +€355,738 | +71.5% |
| Remuneration, social security and pensions | 62 | €64,839 | €72,051 | +€7,212 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,373 | €6,373 | = | 0.0% |
| Other operating charges | 640/8 | €1,616 | €2,220 | +€603 | +37.3% |
| Gross operating margin | 9900 | €103,818 | -€165,257 | -€269,075 | |
| Operating profit (loss) | 9901 | €30,990 | -€245,900 | -€276,890 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €83,899 | €71,952 | -€11,947 | -14.2% |
| Recurring financial charges | 65 | €83,899 | €71,952 | -€11,947 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€52,909 | -€317,852 | -€264,943 | -500.8% |
| Income taxes | 67/77 | €349 | -€174 | -€523 | |
| Profit (loss) for the period | 9904 | -€53,258 | -€317,677 | -€264,420 | -496.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,258 | -€317,677 | -€264,420 | -496.5% |
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 12 October 2026 via checked.be.