ECL Group: 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.
ECL Group
Largest movements
- Cash -€10,857
down €10,857 (-65.5%), from €16,567 to €5,709
mainly Net result for the year (-€10,038) and Receivables within one year (-€2,460)
- Tangible fixed assets -€5,658
down €5,658 (-39.7%), from €14,244 to €8,586
of which Furniture and vehicles: -€4,967
- Receivables within one year +€2,460
up €2,460 (+22.2%), from €11,072 to €13,532
of which Trade receivables: +€2,340
- Deferred charges and accrued income +€1,661
up €1,661 (+103.9%), from €1,598 to €3,259
- Stocks and contracts -€1,517
no longer reported in 2025 (was €1,517)
- Profit (loss) carried forward -€10,038
down €10,038 (-19.5%), from -€51,431 to -€61,469
- Tax, wage and social debts -€2,082
down €2,082 (-80.4%), from €2,590 to €508
- Other debts -€1,616
down €1,616 (-3.9%), from €40,970 to €39,354
- Gross operating margin -€11,016
down €11,016, from €8,946 to -€2,069
- Financial charges -€840
down €840 (-93.9%), from €894 to €54
- Write-downs +€758
no longer reported in 2025 (was -€758)
- Other operating charges -€240
down €240 (-32.9%), from €730 to €490
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 | €44,998 | €31,086 | -€13,912 | -30.9% |
| Fixed assets | 21/28 | €14,244 | €8,586 | -€5,658 | -39.7% |
| Tangible fixed assets | 22/27 | €14,244 | €8,586 | -€5,658 | -39.7% |
| Furniture and vehicles | 24 | €13,553 | €8,586 | -€4,967 | -36.6% |
| Other tangible fixed assets | 26 | €691 | - | -€691 | |
| Current assets | 29/58 | €30,753 | €22,500 | -€8,253 | -26.8% |
| Stocks and contracts in progress | 3 | €1,517 | - | -€1,517 | |
| Stocks | 30/36 | €1,517 | - | -€1,517 | |
| Amounts receivable within one year | 40/41 | €11,072 | €13,532 | +€2,460 | +22.2% |
| Trade receivables | 40 | €11,072 | €13,412 | +€2,340 | +21.1% |
| Other amounts receivable | 41 | - | €120 | +€120 | |
| Cash at bank and in hand | 54/58 | €16,567 | €5,709 | -€10,857 | -65.5% |
| Deferred charges and accrued income | 490/1 | €1,598 | €3,259 | +€1,661 | +103.9% |
| Total equity and liabilities | 10/49 | €44,998 | €31,086 | -€13,912 | -30.9% |
| Equity | 10/15 | -€32,831 | -€42,869 | -€10,038 | -30.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,431 | -€61,469 | -€10,038 | -19.5% |
| Amounts payable | 17/49 | €77,829 | €73,955 | -€3,873 | -5.0% |
| Amounts payable after more than one year | 17 | €12,000 | €12,000 | = | 0.0% |
| Financial debts | 170/4 | €12,000 | €12,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €65,829 | €61,955 | -€3,873 | -5.9% |
| Trade debts | 44 | €22,269 | €22,093 | -€175 | -0.8% |
| Suppliers | 440/4 | €22,269 | €22,093 | -€175 | -0.8% |
| Taxes, remuneration and social security | 45 | €2,590 | €508 | -€2,082 | -80.4% |
| Taxes | 450/3 | €2,590 | €508 | -€2,082 | -80.4% |
| Other amounts payable | 47/48 | €40,970 | €39,354 | -€1,616 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,658 | €5,658 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€758 | - | +€758 | |
| Other operating charges | 640/8 | €730 | €490 | -€240 | -32.9% |
| Non-recurring operating charges | 66A | €1,517 | €1,517 | = | 0.0% |
| Gross operating margin | 9900 | €8,946 | -€2,069 | -€11,016 | |
| Operating profit (loss) | 9901 | €1,800 | -€9,734 | -€11,534 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €894 | €54 | -€840 | -93.9% |
| Recurring financial charges | 65 | €894 | €54 | -€840 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | €909 | -€9,789 | -€10,698 | |
| Income taxes | 67/77 | €258 | €250 | -€9 | -3.4% |
| Profit (loss) for the period | 9904 | €651 | -€10,038 | -€10,689 | |
| Profit (loss) for the period to be appropriated | 9905 | €651 | -€10,038 | -€10,689 |
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 5 October 2026 via checked.be.