ECI: 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.
ECI
Largest movements
- Receivables after one year -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Other debts +€270,094
up €270,094 (+530.7%), from €50,889 to €320,984
- Debts after one year -€220,426
down €220,426 (-8.9%), from €2.5m to €2.3m
of which Financial debts: -€330,000
- Reserves -€116,654
down €116,654 (-7.8%), from €1.5m to €1.4m
- Accrued charges and deferred income -€53,572
down €53,572 (-39.5%), from €135,597 to €82,026
- Financial income -€656,593
down €656,593 (-99.2%), from €661,970 to €5,377
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 | €4,189,726 | €4,066,961 | -€122,764 | -2.9% |
| Fixed assets | 21/28 | €4,030,553 | €4,030,553 | = | 0.0% |
| Financial fixed assets | 28 | €4,030,553 | €4,030,553 | = | 0.0% |
| Affiliated companies | 280/1 | €4,030,553 | €4,030,553 | = | 0.0% |
| Participating interests | 280 | €4,030,553 | €4,030,553 | = | 0.0% |
| Current assets | 29/58 | €159,173 | €36,408 | -€122,764 | -77.1% |
| Amounts receivable after more than one year | 29 | €125,000 | €0 | -€125,000 | -100.0% |
| Other amounts receivable | 291 | €125,000 | €0 | -€125,000 | -100.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €27,923 | €36,408 | +€8,486 | +30.4% |
| Deferred charges and accrued income | 490/1 | €6,250 | €0 | -€6,250 | -100.0% |
| Total equity and liabilities | 10/49 | €4,189,726 | €4,066,961 | -€122,764 | -2.9% |
| Equity | 10/15 | €1,520,066 | €1,403,412 | -€116,654 | -7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,501,466 | €1,384,812 | -€116,654 | -7.8% |
| Distributable reserves | 133 | €1,501,466 | €1,384,812 | -€116,654 | -7.8% |
| Amounts payable | 17/49 | €2,669,659 | €2,663,549 | -€6,110 | -0.2% |
| Amounts payable after more than one year | 17 | €2,480,000 | €2,259,574 | -€220,426 | -8.9% |
| Financial debts | 170/4 | €2,480,000 | €2,150,000 | -€330,000 | -13.3% |
| Credit institutions | 173 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other loans | 174 | €1,480,000 | €1,150,000 | -€330,000 | -22.3% |
| Other amounts payable | 178/9 | - | €109,574 | +€109,574 | |
| Amounts payable within one year | 42/48 | €54,062 | €321,950 | +€267,888 | +495.5% |
| Trade debts | 44 | €3,173 | €966 | -€2,207 | -69.6% |
| Suppliers | 440/4 | €3,173 | €966 | -€2,207 | -69.6% |
| Other amounts payable | 47/48 | €50,889 | €320,984 | +€270,094 | +530.7% |
| Accrued charges and deferred income | 492/3 | €135,597 | €82,026 | -€53,572 | -39.5% |
| Operating charges | 60/66A | €12,859 | €11,362 | -€1,497 | -11.6% |
| Services and other goods | 61 | €12,332 | €10,220 | -€2,112 | -17.1% |
| Other operating charges | 640/8 | €528 | €1,143 | +€615 | +116.5% |
| Operating profit (loss) | 9901 | -€12,859 | -€11,362 | +€1,497 | +11.6% |
| Financial income | 75/76B | €661,970 | €5,377 | -€656,593 | -99.2% |
| Recurring financial income | 75 | €661,970 | €5,377 | -€656,593 | -99.2% |
| Income from financial fixed assets | 750 | €650,000 | €0 | -€650,000 | -100.0% |
| Income from current assets | 751 | €11,970 | €5,377 | -€6,593 | -55.1% |
| Financial charges | 65/66B | €146,864 | €110,669 | -€36,195 | -24.6% |
| Recurring financial charges | 65 | €146,864 | €110,669 | -€36,195 | -24.6% |
| Debt charges | 650 | €146,360 | €110,164 | -€36,196 | -24.7% |
| Other financial charges | 652/9 | €504 | €505 | +€2 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €502,247 | -€116,654 | -€618,901 | |
| Profit (loss) for the period | 9904 | €502,247 | -€116,654 | -€618,901 | |
| Profit (loss) for the period to be appropriated | 9905 | €502,247 | -€116,654 | -€618,901 |
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 3 October 2026 via checked.be.