ECM CONSULT: 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.
ECM CONSULT
Largest movements
- Tangible fixed assets -€14,071
down €14,071 (-47.3%), from €29,730 to €15,659
of which Furniture and vehicles: -€10,082
- Receivables within one year -€13,473
down €13,473 (-32.4%), from €41,566 to €28,093
- Cash +€4,687
up €4,687 (+772.7%), from €607 to €5,293
mainly Depreciation (+€14,071) and Receivables within one year (+€13,473)
- Profit (loss) carried forward -€19,392
down €19,392 (-53.8%), from -€36,020 to -€55,411
- Current portion of long-term debt -€9,353
down €9,353 (-83.3%), from €11,233 to €1,880
- Other debts +€9,257
up €9,257 (+453.8%), from €2,040 to €11,296
- Debts after one year -€1,880
no longer reported in 2025 (was €1,880)
- Tax, wage and social debts -€1,248
down €1,248 (-88.5%), from €1,409 to €161
of which Remuneration and social security: -€1,315
- Gross operating margin +€15,873
up €15,873 (+76.7%), from -€20,703 to -€4,830
- Depreciation -€714
down €714 (-4.8%), from €14,785 to €14,071
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 | €71,902 | €49,045 | -€22,857 | -31.8% |
| Fixed assets | 21/28 | €29,730 | €15,659 | -€14,071 | -47.3% |
| Tangible fixed assets | 22/27 | €29,730 | €15,659 | -€14,071 | -47.3% |
| Plant, machinery and equipment | 23 | €7,741 | €3,752 | -€3,989 | -51.5% |
| Furniture and vehicles | 24 | €21,988 | €11,906 | -€10,082 | -45.9% |
| Current assets | 29/58 | €42,173 | €33,386 | -€8,786 | -20.8% |
| Amounts receivable within one year | 40/41 | €41,566 | €28,093 | -€13,473 | -32.4% |
| Other amounts receivable | 41 | €41,566 | €28,093 | -€13,473 | -32.4% |
| Cash at bank and in hand | 54/58 | €607 | €5,293 | +€4,687 | +772.7% |
| Total equity and liabilities | 10/49 | €71,902 | €49,045 | -€22,857 | -31.8% |
| Equity | 10/15 | €54,947 | €35,556 | -€19,392 | -35.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €88,467 | €88,467 | = | 0.0% |
| Distributable reserves | 133 | €88,467 | €88,467 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,020 | -€55,411 | -€19,392 | -53.8% |
| Amounts payable | 17/49 | €16,955 | €13,489 | -€3,466 | -20.4% |
| Amounts payable after more than one year | 17 | €1,880 | - | -€1,880 | |
| Financial debts | 170/4 | €1,880 | - | -€1,880 | |
| Amounts payable within one year | 42/48 | €15,075 | €13,489 | -€1,586 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €11,233 | €1,880 | -€9,353 | -83.3% |
| Trade debts | 44 | €393 | €152 | -€241 | -61.4% |
| Suppliers | 440/4 | €393 | €152 | -€241 | -61.4% |
| Taxes, remuneration and social security | 45 | €1,409 | €161 | -€1,248 | -88.5% |
| Taxes | 450/3 | €94 | €161 | +€67 | +71.8% |
| Remuneration and social security | 454/9 | €1,315 | - | -€1,315 | |
| Other amounts payable | 47/48 | €2,040 | €11,296 | +€9,257 | +453.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,785 | €14,071 | -€714 | -4.8% |
| Other operating charges | 640/8 | €212 | €164 | -€48 | -22.5% |
| Gross operating margin | 9900 | -€20,703 | -€4,830 | +€15,873 | +76.7% |
| Operating profit (loss) | 9901 | -€35,700 | -€19,065 | +€16,635 | +46.6% |
| Financial charges | 65/66B | €226 | €129 | -€97 | -42.7% |
| Recurring financial charges | 65 | €226 | €129 | -€97 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | -€35,926 | -€19,194 | +€16,731 | +46.6% |
| Income taxes | 67/77 | €94 | €197 | +€103 | +110.0% |
| Profit (loss) for the period | 9904 | -€36,020 | -€19,392 | +€16,628 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,020 | -€19,392 | +€16,628 | +46.2% |
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 8 October 2026 via checked.be.