ECMed: 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.
ECMed
Largest movements
- Deferred charges and accrued income +€33,841
up €33,841 (+1423.2%), from €2,378 to €36,219
- Cash +€6,480
up €6,480 (+52.2%), from €12,407 to €18,886
mainly Net result for the year (+€48,305) and Tax, wage and social debts (+€3,336)
- Receivables within one year +€6,216
up €6,216 (+173.4%), from €3,585 to €9,801
- Tangible fixed assets -€2,029
down €2,029 (-18.0%), from €11,282 to €9,254
of which Furniture and vehicles: -€2,830
- Reserves +€48,305
up €48,305 (+287.0%), from €16,833 to €65,138
- Trade debts -€6,000
down €6,000 (-92.3%), from €6,500 to €500
- Tax, wage and social debts +€3,336
up €3,336 (+69.3%), from €4,811 to €8,147
of which Taxes: +€5,678
- Other debts -€1,132
no longer reported in 2025 (was €1,132)
- Gross operating margin +€42,317
up €42,317 (+147.3%), from €28,733 to €71,050
- Taxes +€12,781
up €12,781 (+180.1%), from €7,098 to €19,879
- Depreciation -€1,738
down €1,738 (-36.2%), from €4,802 to €3,064
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 | €30,276 | €74,785 | +€44,509 | +147.0% |
| Fixed assets | 21/28 | €11,907 | €9,879 | -€2,029 | -17.0% |
| Tangible fixed assets | 22/27 | €11,282 | €9,254 | -€2,029 | -18.0% |
| Plant, machinery and equipment | 23 | €760 | €1,561 | +€801 | +105.4% |
| Furniture and vehicles | 24 | €10,522 | €7,692 | -€2,830 | -26.9% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €18,369 | €64,906 | +€46,537 | +253.3% |
| Amounts receivable within one year | 40/41 | €3,585 | €9,801 | +€6,216 | +173.4% |
| Other amounts receivable | 41 | €3,585 | €9,801 | +€6,216 | +173.4% |
| Cash at bank and in hand | 54/58 | €12,407 | €18,886 | +€6,480 | +52.2% |
| Deferred charges and accrued income | 490/1 | €2,378 | €36,219 | +€33,841 | +1423.2% |
| Total equity and liabilities | 10/49 | €30,276 | €74,785 | +€44,509 | +147.0% |
| Equity | 10/15 | €17,833 | €66,138 | +€48,305 | +270.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €16,833 | €65,138 | +€48,305 | +287.0% |
| Distributable reserves | 133 | €16,833 | €65,138 | +€48,305 | +287.0% |
| Amounts payable | 17/49 | €12,444 | €8,647 | -€3,797 | -30.5% |
| Amounts payable within one year | 42/48 | €12,444 | €8,647 | -€3,797 | -30.5% |
| Trade debts | 44 | €6,500 | €500 | -€6,000 | -92.3% |
| Suppliers | 440/4 | €6,500 | €500 | -€6,000 | -92.3% |
| Taxes, remuneration and social security | 45 | €4,811 | €8,147 | +€3,336 | +69.3% |
| Taxes | 450/3 | €2,469 | €8,147 | +€5,678 | +230.0% |
| Remuneration and social security | 454/9 | €2,342 | - | -€2,342 | |
| Other amounts payable | 47/48 | €1,132 | - | -€1,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,802 | €3,064 | -€1,738 | -36.2% |
| Gross operating margin | 9900 | €28,733 | €71,050 | +€42,317 | +147.3% |
| Operating profit (loss) | 9901 | €23,931 | €67,986 | +€44,055 | +184.1% |
| Financial income | 75/76B | - | €303 | +€303 | |
| Recurring financial income | 75 | - | €303 | +€303 | |
| Financial charges | 65/66B | - | €104 | +€104 | |
| Recurring financial charges | 65 | - | €104 | +€104 | |
| Profit (loss) for the period before taxes | 9903 | €23,931 | €68,184 | +€44,253 | +184.9% |
| Income taxes | 67/77 | €7,098 | €19,879 | +€12,781 | +180.1% |
| Profit (loss) for the period | 9904 | €16,833 | €48,305 | +€31,473 | +187.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,833 | €48,305 | +€31,473 | +187.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.