ECJF: 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.
ECJF
Largest movements
- Cash +€360,042
up €360,042 (+372%), from €96,787 to €456,829
mainly Net result for the year (+€283,724) and Tax, wage and social debts (+€118,593)
- Financial fixed assets -€30,774
down €30,774 (-80.8%), from €38,093 to €7,319
- Receivables within one year +€29,729
up €29,729 (+55.2%), from €53,865 to €83,594
of which Trade receivables: +€33,332
- Tangible fixed assets -€11,924
down €11,924 (-38.0%), from €31,389 to €19,464
- Profit (loss) carried forward +€274,602
up €274,602 (+221%), from €124,470 to €399,072
- Tax, wage and social debts +€118,593
up €118,593 (+776%), from €15,278 to €133,871
of which Taxes: +€119,086
- Debts after one year -€50,000
no longer reported in 2025 (was €50,000)
- Gross operating margin +€276,209
up €276,209 (+91.8%), from €300,737 to €576,946
- Financial income +€119,241
up €119,241 (+4,140,330%), from €3 to €119,244
- Taxes +€101,417
up €101,417 (+5,997%), from €1,691 to €103,108
- Staff costs +€69,693
up €69,693 (+31.2%), from €223,287 to €292,980
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 | €222,474 | €570,589 | +€348,115 | +156% |
| Fixed assets | 21/28 | €69,482 | €26,783 | -€42,699 | -61.5% |
| Tangible fixed assets | 22/27 | €31,389 | €19,464 | -€11,924 | -38.0% |
| Plant, machinery and equipment | 23 | €18,206 | €12,474 | -€5,732 | -31.5% |
| Furniture and vehicles | 24 | €3,824 | €986 | -€2,838 | -74.2% |
| Other tangible fixed assets | 26 | €9,358 | €6,004 | -€3,354 | -35.8% |
| Financial fixed assets | 28 | €38,093 | €7,319 | -€30,774 | -80.8% |
| Current assets | 29/58 | €152,992 | €543,806 | +€390,814 | +255% |
| Amounts receivable within one year | 40/41 | €53,865 | €83,594 | +€29,729 | +55.2% |
| Trade receivables | 40 | €50,262 | €83,594 | +€33,332 | +66.3% |
| Other amounts receivable | 41 | €3,603 | - | -€3,603 | |
| Cash at bank and in hand | 54/58 | €96,787 | €456,829 | +€360,042 | +372% |
| Deferred charges and accrued income | 490/1 | €2,340 | €3,383 | +€1,043 | +44.6% |
| Total equity and liabilities | 10/49 | €222,474 | €570,589 | +€348,115 | +156% |
| Equity | 10/15 | €132,530 | €407,132 | +€274,602 | +207% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,470 | €399,072 | +€274,602 | +221% |
| Amounts payable | 17/49 | €89,944 | €163,457 | +€73,513 | +81.7% |
| Amounts payable after more than one year | 17 | €50,000 | - | -€50,000 | |
| Financial debts | 170/4 | €50,000 | - | -€50,000 | |
| Amounts payable within one year | 42/48 | €37,444 | €163,457 | +€126,013 | +337% |
| Trade debts | 44 | €16,599 | €20,463 | +€3,864 | +23.3% |
| Suppliers | 440/4 | €16,599 | €20,463 | +€3,864 | +23.3% |
| Taxes, remuneration and social security | 45 | €15,278 | €133,871 | +€118,593 | +776% |
| Taxes | 450/3 | €1,691 | €120,777 | +€119,086 | +7,041% |
| Remuneration and social security | 454/9 | €13,587 | €13,094 | -€493 | -3.6% |
| Other amounts payable | 47/48 | €5,566 | €9,122 | +€3,556 | +63.9% |
| Accrued charges and deferred income | 492/3 | €2,500 | - | -€2,500 | |
| Remuneration, social security and pensions | 62 | €223,287 | €292,980 | +€69,693 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,293 | €11,924 | -€2,369 | -16.6% |
| Other operating charges | 640/8 | €4,268 | €4,403 | +€134 | +3.1% |
| Gross operating margin | 9900 | €300,737 | €576,946 | +€276,209 | +91.8% |
| Operating profit (loss) | 9901 | €58,888 | €267,639 | +€208,751 | +354% |
| Financial income | 75/76B | €3 | €119,244 | +€119,241 | +4,140,330% |
| Recurring financial income | 75 | €3 | €119,244 | +€119,241 | +4,140,330% |
| Financial charges | 65/66B | €2,584 | €51 | -€2,533 | -98.0% |
| Recurring financial charges | 65 | €2,584 | €51 | -€2,533 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | €56,307 | €386,832 | +€330,525 | +587% |
| Income taxes | 67/77 | €1,691 | €103,108 | +€101,417 | +5,997% |
| Profit (loss) for the period | 9904 | €54,616 | €283,724 | +€229,108 | +419% |
| Profit (loss) for the period to be appropriated | 9905 | €54,616 | €283,724 | +€229,108 | +419% |
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 23 October 2026 via checked.be.