Ecluse Tunnel: 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.
Ecluse Tunnel
Largest movements
- Cash -€517,448
down €517,448 (-76.6%), from €675,887 to €158,439
mainly Trade debts (-€877,304) and Investment in fixed assets (net) (-€80,884)
- Trade debts -€877,304
down €877,304 (-51.7%), from €1.7m to €818,756
- Contributions +€500,000
up €500,000 (+5.5%), from €9.0m to €9.5m
- Gross operating margin +€6,257
up €6,257 (+20.3%), from -€30,893 to -€24,636
- Other operating charges +€842
up €842 (+104%), from €807 to €1,649
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 | €10,674,319 | €10,270,472 | -€403,848 | -3.8% |
| Fixed assets | 21/28 | €9,979,863 | €10,060,747 | +€80,884 | +0.8% |
| Tangible fixed assets | 22/27 | €9,979,863 | €10,060,747 | +€80,884 | +0.8% |
| Assets under construction and advance payments | 27 | €9,979,863 | €10,060,747 | +€80,884 | +0.8% |
| Current assets | 29/58 | €694,456 | €209,724 | -€484,732 | -69.8% |
| Amounts receivable within one year | 40/41 | €18,569 | €51,285 | +€32,716 | +176% |
| Other amounts receivable | 41 | €18,569 | €51,285 | +€32,716 | +176% |
| Cash at bank and in hand | 54/58 | €675,887 | €158,439 | -€517,448 | -76.6% |
| Total equity and liabilities | 10/49 | €10,674,319 | €10,270,472 | -€403,848 | -3.8% |
| Equity | 10/15 | €8,978,260 | €9,451,716 | +€473,456 | +5.3% |
| Contributions | 10/11 | €9,010,000 | €9,510,000 | +€500,000 | +5.5% |
| Profit (loss) carried forward | 14 | -€31,740 | -€58,284 | -€26,544 | -83.6% |
| Amounts payable | 17/49 | €1,696,059 | €818,756 | -€877,304 | -51.7% |
| Amounts payable within one year | 42/48 | €1,696,059 | €818,756 | -€877,304 | -51.7% |
| Trade debts | 44 | €1,696,059 | €818,756 | -€877,304 | -51.7% |
| Suppliers | 440/4 | €1,696,059 | €818,756 | -€877,304 | -51.7% |
| Other operating charges | 640/8 | €807 | €1,649 | +€842 | +104% |
| Gross operating margin | 9900 | -€30,893 | -€24,636 | +€6,257 | +20.3% |
| Operating profit (loss) | 9901 | -€31,700 | -€26,285 | +€5,414 | +17.1% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €41 | €263 | +€223 | +550% |
| Recurring financial charges | 65 | €41 | €263 | +€223 | +550% |
| Profit (loss) for the period before taxes | 9903 | -€31,740 | -€26,542 | +€5,198 | +16.4% |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | -€31,740 | -€26,544 | +€5,196 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,740 | -€26,544 | +€5,196 | +16.4% |
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.