ECLA: 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.
ECLA
Largest movements
- Cash -€122,159
down €122,159 (-35.2%), from €347,398 to €225,239
mainly Contributions, distributions and other (-€120,000) and Other debts (-€93,373)
- Receivables within one year +€30,352
up €30,352 (+3.8%), from €793,065 to €823,417
of which Other amounts receivable: +€95,354
- Tangible fixed assets -€24,041
down €24,041 (-4.7%), from €516,827 to €492,786
of which Plant, machinery and equipment: -€20,464
- Other debts -€93,373
down €93,373 (-24.7%), from €378,431 to €285,058
- Current portion of long-term debt -€84,416
down €84,416 (-60.7%), from €139,170 to €54,754
- Trade debts +€72,946
up €72,946 (+66.6%), from €109,564 to €182,510
- Debts after one year -€17,254
down €17,254 (-9.5%), from €180,796 to €163,541
- Gross operating margin -€85,599
down €85,599 (-12.4%), from €687,757 to €602,157
- Taxes -€24,795
down €24,795 (-34.1%), from €72,721 to €47,926
- Staff costs +€22,795
up €22,795 (+7.9%), from €289,800 to €312,595
- Financial income +€8,791
up €8,791 (+241.7%), from €3,637 to €12,428
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 | €1,702,194 | €1,583,558 | -€118,636 | -7.0% |
| Fixed assets | 21/28 | €516,827 | €492,786 | -€24,041 | -4.7% |
| Tangible fixed assets | 22/27 | €516,827 | €492,786 | -€24,041 | -4.7% |
| Land and buildings | 22 | €145,060 | €139,612 | -€5,447 | -3.8% |
| Plant, machinery and equipment | 23 | €369,639 | €349,175 | -€20,464 | -5.5% |
| Furniture and vehicles | 24 | €2,129 | €3,999 | +€1,870 | +87.9% |
| Current assets | 29/58 | €1,185,367 | €1,090,772 | -€94,595 | -8.0% |
| Stocks and contracts in progress | 3 | €28,749 | €27,912 | -€837 | -2.9% |
| Stocks | 30/36 | €28,749 | €27,912 | -€837 | -2.9% |
| Amounts receivable within one year | 40/41 | €793,065 | €823,417 | +€30,352 | +3.8% |
| Trade receivables | 40 | €328,147 | €263,146 | -€65,002 | -19.8% |
| Other amounts receivable | 41 | €464,918 | €560,271 | +€95,354 | +20.5% |
| Cash at bank and in hand | 54/58 | €347,398 | €225,239 | -€122,159 | -35.2% |
| Deferred charges and accrued income | 490/1 | €16,155 | €14,204 | -€1,951 | -12.1% |
| Total equity and liabilities | 10/49 | €1,702,194 | €1,583,558 | -€118,636 | -7.0% |
| Equity | 10/15 | €864,243 | €864,769 | +€526 | +0.1% |
| Contributions | 10/11 | €753,724 | €753,724 | = | 0.0% |
| Capital | 10 | €753,724 | €753,724 | = | 0.0% |
| Issued capital | 100 | €753,724 | €753,724 | = | 0.0% |
| Revaluation surpluses | 12 | €50,210 | €50,210 | = | 0.0% |
| Reserves | 13 | €60,310 | €60,836 | +€526 | +0.9% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €47,810 | €48,336 | +€526 | +1.1% |
| Amounts payable | 17/49 | €837,951 | €718,789 | -€119,162 | -14.2% |
| Amounts payable after more than one year | 17 | €180,796 | €163,541 | -€17,254 | -9.5% |
| Financial debts | 170/4 | €180,796 | €163,541 | -€17,254 | -9.5% |
| Amounts payable within one year | 42/48 | €657,155 | €555,248 | -€101,908 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €139,170 | €54,754 | -€84,416 | -60.7% |
| Trade debts | 44 | €109,564 | €182,510 | +€72,946 | +66.6% |
| Suppliers | 440/4 | €109,564 | €182,510 | +€72,946 | +66.6% |
| Taxes, remuneration and social security | 45 | €29,990 | €32,925 | +€2,936 | +9.8% |
| Taxes | 450/3 | €12,721 | €12,926 | +€205 | +1.6% |
| Remuneration and social security | 454/9 | €17,269 | €19,999 | +€2,730 | +15.8% |
| Other amounts payable | 47/48 | €378,431 | €285,058 | -€93,373 | -24.7% |
| Remuneration, social security and pensions | 62 | €289,800 | €312,595 | +€22,795 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,424 | €86,749 | -€674 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,083 | - | -€4,083 | |
| Other operating charges | 640/8 | €27,900 | €29,317 | +€1,417 | +5.1% |
| Gross operating margin | 9900 | €687,757 | €602,157 | -€85,599 | -12.4% |
| Operating profit (loss) | 9901 | €278,550 | €173,497 | -€105,053 | -37.7% |
| Financial income | 75/76B | €3,637 | €12,428 | +€8,791 | +241.7% |
| Recurring financial income | 75 | €3,637 | €12,428 | +€8,791 | +241.7% |
| Financial charges | 65/66B | €13,314 | €17,473 | +€4,159 | +31.2% |
| Recurring financial charges | 65 | €13,314 | €17,473 | +€4,159 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | €268,874 | €168,452 | -€100,422 | -37.3% |
| Income taxes | 67/77 | €72,721 | €47,926 | -€24,795 | -34.1% |
| Profit (loss) for the period | 9904 | €196,153 | €120,526 | -€75,627 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €196,153 | €120,526 | -€75,627 | -38.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.