ECLG 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.
ECLG MANAGEMENT
Largest movements
- Tangible fixed assets +€172,492
up €172,492 (+768.7%), from €22,439 to €194,931
of which Land and buildings: +€176,017
- Cash -€26,960
down €26,960 (-75.1%), from €35,904 to €8,944
mainly Investment in fixed assets (net) (-€178,384) and Trade debts (-€2,763)
- Receivables within one year -€3,548
down €3,548 (-6.4%), from €55,100 to €51,551
of which Trade receivables: -€2,228
- Debts after one year +€81,234
up €81,234 (+203.7%), from €39,876 to €121,109
- Profit (loss) carried forward +€34,161
up €34,161 (+121.9%), from €28,014 to €62,175
- Current portion of long-term debt +€16,481
up €16,481 (+78.4%), from €21,015 to €37,496
- Tax, wage and social debts +€14,235
up €14,235 (+86.6%), from €16,437 to €30,672
of which Taxes: +€10,785
- Trade debts -€2,763
down €2,763 (-31.7%), from €8,721 to €5,957
- Gross operating margin +€61,447
up €61,447 (+2092.5%), from €2,937 to €64,384
- Other operating charges +€12,544
up €12,544 (+1614.9%), from €777 to €13,321
- Taxes +€6,150
up €6,150 (+235.5%), from €2,611 to €8,761
- Financial charges +€1,577
up €1,577 (+94.8%), from €1,662 to €3,239
- Depreciation +€723
up €723 (+22.7%), from €3,185 to €3,908
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 | €124,062 | €267,410 | +€143,347 | +115.5% |
| Fixed assets | 21/28 | €22,439 | €196,915 | +€174,476 | +777.6% |
| Tangible fixed assets | 22/27 | €22,439 | €194,931 | +€172,492 | +768.7% |
| Land and buildings | 22 | - | €176,017 | +€176,017 | |
| Furniture and vehicles | 24 | €2,640 | €1,466 | -€1,175 | -44.5% |
| Other tangible fixed assets | 26 | €19,799 | €17,448 | -€2,350 | -11.9% |
| Financial fixed assets | 28 | - | €1,984 | +€1,984 | |
| Current assets | 29/58 | €101,623 | €70,495 | -€31,129 | -30.6% |
| Amounts receivable within one year | 40/41 | €55,100 | €51,551 | -€3,548 | -6.4% |
| Trade receivables | 40 | €18,321 | €16,093 | -€2,228 | -12.2% |
| Other amounts receivable | 41 | €36,779 | €35,458 | -€1,321 | -3.6% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,904 | €8,944 | -€26,960 | -75.1% |
| Deferred charges and accrued income | 490/1 | €620 | - | -€620 | |
| Total equity and liabilities | 10/49 | €124,062 | €267,410 | +€143,347 | +115.5% |
| Equity | 10/15 | €38,014 | €72,175 | +€34,161 | +89.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,014 | €62,175 | +€34,161 | +121.9% |
| Amounts payable | 17/49 | €86,049 | €195,235 | +€109,186 | +126.9% |
| Amounts payable after more than one year | 17 | €39,876 | €121,109 | +€81,234 | +203.7% |
| Financial debts | 170/4 | €39,876 | €121,109 | +€81,234 | +203.7% |
| Amounts payable within one year | 42/48 | €46,173 | €74,125 | +€27,952 | +60.5% |
| Current portion of amounts payable after more than one year | 42 | €21,015 | €37,496 | +€16,481 | +78.4% |
| Trade debts | 44 | €8,721 | €5,957 | -€2,763 | -31.7% |
| Suppliers | 440/4 | €8,721 | €5,957 | -€2,763 | -31.7% |
| Taxes, remuneration and social security | 45 | €16,437 | €30,672 | +€14,235 | +86.6% |
| Taxes | 450/3 | €16,437 | €27,222 | +€10,785 | +65.6% |
| Remuneration and social security | 454/9 | - | €3,450 | +€3,450 | |
| Remuneration, social security and pensions | 62 | €2,008 | €1,658 | -€350 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,185 | €3,908 | +€723 | +22.7% |
| Other operating charges | 640/8 | €777 | €13,321 | +€12,544 | +1614.9% |
| Gross operating margin | 9900 | €2,937 | €64,384 | +€61,447 | +2092.5% |
| Operating profit (loss) | 9901 | -€3,034 | €45,496 | +€48,530 | |
| Financial income | 75/76B | €588 | €665 | +€77 | +13.0% |
| Recurring financial income | 75 | €588 | €665 | +€77 | +13.0% |
| Financial charges | 65/66B | €1,662 | €3,239 | +€1,577 | +94.8% |
| Recurring financial charges | 65 | €1,662 | €3,239 | +€1,577 | +94.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,108 | €42,922 | +€47,030 | |
| Income taxes | 67/77 | €2,611 | €8,761 | +€6,150 | +235.5% |
| Profit (loss) for the period | 9904 | -€6,719 | €34,161 | +€40,880 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,719 | €34,161 | +€40,880 |
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 12 October 2026 via checked.be.