ECLA MANAGEMENT: 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.
ECLA MANAGEMENT
Largest movements
- Tangible fixed assets +€6,185
up €6,185 (+3,186%), from €194 to €6,379
- Receivables within one year +€3,946
up €3,946 (+35.5%), from €11,118 to €15,063
of which Other amounts receivable: +€3,216
- Cash -€809
down €809 (-51.7%), from €1,567 to €757
mainly Investment in fixed assets (net) (-€7,000) and Other debts (-€6,399)
- Profit (loss) carried forward +€14,013
up €14,013 (+12.9%), from -€108,590 to -€94,577
- Other debts -€6,399
down €6,399 (-41.0%), from €15,600 to €9,201
- Trade debts +€1,915
up €1,915 (+4.3%), from €44,812 to €46,727
- Write-downs -€27,581
no longer reported in 2025 (was €27,581)
- Gross operating margin +€14,345
up €14,345 (+805%), from €1,783 to €16,128
- Financial charges -€866
down €866 (-62.6%), from €1,383 to €517
- Depreciation +€501
up €501 (+159%), from €314 to €815
- Other operating charges -€184
down €184 (-19.8%), from €929 to €745
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 | €12,878 | €22,362 | +€9,484 | +73.6% |
| Fixed assets | 21/28 | €194 | €6,379 | +€6,185 | +3,186% |
| Tangible fixed assets | 22/27 | €194 | €6,379 | +€6,185 | +3,186% |
| Furniture and vehicles | 24 | €194 | €6,379 | +€6,185 | +3,186% |
| Current assets | 29/58 | €12,684 | €15,983 | +€3,299 | +26.0% |
| Amounts receivable within one year | 40/41 | €11,118 | €15,063 | +€3,946 | +35.5% |
| Trade receivables | 40 | €8,689 | €9,419 | +€730 | +8.4% |
| Other amounts receivable | 41 | €2,429 | €5,645 | +€3,216 | +132% |
| Cash at bank and in hand | 54/58 | €1,567 | €757 | -€809 | -51.7% |
| Deferred charges and accrued income | 490/1 | - | €163 | +€163 | |
| Total equity and liabilities | 10/49 | €12,878 | €22,362 | +€9,484 | +73.6% |
| Equity | 10/15 | -€59,490 | -€45,477 | +€14,013 | +23.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €36,700 | €36,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €34,840 | €36,700 | +€1,860 | +5.3% |
| Profit (loss) carried forward | 14 | -€108,590 | -€94,577 | +€14,013 | +12.9% |
| Amounts payable | 17/49 | €72,368 | €67,840 | -€4,529 | -6.3% |
| Amounts payable within one year | 42/48 | €60,412 | €55,967 | -€4,445 | -7.4% |
| Trade debts | 44 | €44,812 | €46,727 | +€1,915 | +4.3% |
| Suppliers | 440/4 | €44,812 | €46,727 | +€1,915 | +4.3% |
| Taxes, remuneration and social security | 45 | - | €39 | +€39 | |
| Taxes | 450/3 | - | €39 | +€39 | |
| Other amounts payable | 47/48 | €15,600 | €9,201 | -€6,399 | -41.0% |
| Accrued charges and deferred income | 492/3 | €11,956 | €11,873 | -€84 | -0.7% |
| Non-recurring operating income | 76A | €4,122 | - | -€4,122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €314 | €815 | +€501 | +159% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,581 | - | -€27,581 | |
| Other operating charges | 640/8 | €929 | €745 | -€184 | -19.8% |
| Non-recurring operating charges | 66A | €4,583 | - | -€4,583 | |
| Gross operating margin | 9900 | €1,783 | €16,128 | +€14,345 | +805% |
| Operating profit (loss) | 9901 | -€31,624 | €14,568 | +€46,192 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -85.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -85.0% |
| Financial charges | 65/66B | €1,383 | €517 | -€866 | -62.6% |
| Recurring financial charges | 65 | €1,383 | €517 | -€866 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | -€33,007 | €14,051 | +€47,058 | |
| Income taxes | 67/77 | - | €39 | +€39 | |
| Profit (loss) for the period | 9904 | -€33,007 | €14,013 | +€47,020 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,007 | €14,013 | +€47,020 |
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 24 October 2026 via checked.be.