ECM DEBARRAS: 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.
ECM DEBARRAS
Largest movements
- Stocks and contracts +€48,157
up €48,157 (+81.9%), from €58,813 to €106,970
- Receivables within one year +€36,821
up €36,821 (+75.9%), from €48,487 to €85,308
of which Trade receivables: +€21,483
- Cash -€23,389
down €23,389 (-86.5%), from €27,040 to €3,651
mainly Stocks and contracts (-€48,157) and Receivables within one year (-€36,821)
- Tangible fixed assets -€17,736
down €17,736 (-66.9%), from €26,509 to €8,772
- Profit (loss) carried forward +€42,064
up €42,064 (+43.4%), from €96,825 to €138,889
- Advances received -€10,700
no longer reported in 2025 (was €10,700)
- Trade debts +€8,843
up €8,843 (+60.0%), from €14,739 to €23,582
- Tax, wage and social debts +€4,579
up €4,579 (+13.0%), from €35,113 to €39,692
- Gross operating margin -€65,540
down €65,540 (-51.5%), from €127,279 to €61,739
- Taxes -€14,973
down €14,973 (-57.4%), from €26,085 to €11,112
- Depreciation +€1,465
up €1,465 (+47.3%), from €3,098 to €4,563
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 | €160,849 | €205,413 | +€44,564 | +27.7% |
| Fixed assets | 21/28 | €26,509 | €8,772 | -€17,736 | -66.9% |
| Tangible fixed assets | 22/27 | €26,509 | €8,772 | -€17,736 | -66.9% |
| Furniture and vehicles | 24 | €26,509 | €8,772 | -€17,736 | -66.9% |
| Current assets | 29/58 | €134,340 | €196,640 | +€62,300 | +46.4% |
| Stocks and contracts in progress | 3 | €58,813 | €106,970 | +€48,157 | +81.9% |
| Stocks | 30/36 | €58,813 | €106,970 | +€48,157 | +81.9% |
| Amounts receivable within one year | 40/41 | €48,487 | €85,308 | +€36,821 | +75.9% |
| Trade receivables | 40 | €48,487 | €69,970 | +€21,483 | +44.3% |
| Other amounts receivable | 41 | - | €15,338 | +€15,338 | |
| Cash at bank and in hand | 54/58 | €27,040 | €3,651 | -€23,389 | -86.5% |
| Deferred charges and accrued income | 490/1 | - | €711 | +€711 | |
| Total equity and liabilities | 10/49 | €160,849 | €205,413 | +€44,564 | +27.7% |
| Equity | 10/15 | €98,825 | €140,889 | +€42,064 | +42.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,825 | €138,889 | +€42,064 | +43.4% |
| Amounts payable | 17/49 | €62,024 | €64,524 | +€2,500 | +4.0% |
| Amounts payable within one year | 42/48 | €60,667 | €63,274 | +€2,608 | +4.3% |
| Trade debts | 44 | €14,739 | €23,582 | +€8,843 | +60.0% |
| Suppliers | 440/4 | €14,739 | €23,582 | +€8,843 | +60.0% |
| Advances received on contracts in progress | 46 | €10,700 | - | -€10,700 | |
| Taxes, remuneration and social security | 45 | €35,113 | €39,692 | +€4,579 | +13.0% |
| Taxes | 450/3 | €35,113 | €39,692 | +€4,579 | +13.0% |
| Other amounts payable | 47/48 | €114 | - | -€114 | |
| Accrued charges and deferred income | 492/3 | €1,358 | €1,250 | -€108 | -7.9% |
| Non-recurring operating income | 76A | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,098 | €4,563 | +€1,465 | +47.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,000 | - | -€1,000 | |
| Other operating charges | 640/8 | €150 | €909 | +€759 | +506% |
| Non-recurring operating charges | 66A | - | €3,324 | +€3,324 | |
| Gross operating margin | 9900 | €127,279 | €61,739 | -€65,540 | -51.5% |
| Operating profit (loss) | 9901 | €123,031 | €52,943 | -€70,088 | -57.0% |
| Financial income | 75/76B | - | €394 | +€394 | |
| Recurring financial income | 75 | - | €394 | +€394 | |
| Financial charges | 65/66B | €122 | €161 | +€39 | +31.7% |
| Recurring financial charges | 65 | €122 | €161 | +€39 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €122,909 | €53,176 | -€69,733 | -56.7% |
| Income taxes | 67/77 | €26,085 | €11,112 | -€14,973 | -57.4% |
| Profit (loss) for the period | 9904 | €96,825 | €42,064 | -€54,761 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €96,825 | €42,064 | -€54,761 | -56.6% |
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 13 October 2026 via checked.be.