ECO 17: 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.
ECO 17
Largest movements
- Cash +€4,336
up €4,336 (+2,288%), from €190 to €4,525
mainly Receivables within one year (+€3,959) and Other debts (+€2,847)
- Receivables within one year -€3,959
down €3,959 (-35.2%), from €11,261 to €7,302
of which Other amounts receivable: -€4,016
- Tangible fixed assets +€984
new in 2025: €984
- Other debts +€2,847
up €2,847 (+54.2%), from €5,250 to €8,097
- Trade debts -€2,016
down €2,016 (-81.5%), from €2,473 to €457
- Tax, wage and social debts +€433
up €433 (+1,385%), from €31 to €464
- Gross operating margin +€6,105
up €6,105 (+740%), from €825 to €6,930
- Write-downs +€4,308
new in 2025: €4,308
- Other operating charges +€403
up €403 (+63.5%), from €635 to €1,039
- Taxes +€360
up €360 (+1,150%), from €31 to €391
- Depreciation +€159
new in 2025: €159
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 | €11,451 | €12,811 | +€1,360 | +11.9% |
| Fixed assets | 21/28 | - | €984 | +€984 | |
| Tangible fixed assets | 22/27 | - | €984 | +€984 | |
| Furniture and vehicles | 24 | - | €984 | +€984 | |
| Current assets | 29/58 | €11,451 | €11,827 | +€376 | +3.3% |
| Amounts receivable within one year | 40/41 | €11,261 | €7,302 | -€3,959 | -35.2% |
| Trade receivables | 40 | €6,911 | €6,968 | +€57 | +0.8% |
| Other amounts receivable | 41 | €4,350 | €334 | -€4,016 | -92.3% |
| Cash at bank and in hand | 54/58 | €190 | €4,525 | +€4,336 | +2,288% |
| Total equity and liabilities | 10/49 | €11,451 | €12,811 | +€1,360 | +11.9% |
| Equity | 10/15 | €3,696 | €3,792 | +€96 | +2.6% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96 | €192 | +€96 | +99.5% |
| Amounts payable | 17/49 | €7,754 | €9,018 | +€1,264 | +16.3% |
| Amounts payable within one year | 42/48 | €7,754 | €9,018 | +€1,264 | +16.3% |
| Trade debts | 44 | €2,473 | €457 | -€2,016 | -81.5% |
| Suppliers | 440/4 | €2,473 | €457 | -€2,016 | -81.5% |
| Taxes, remuneration and social security | 45 | €31 | €464 | +€433 | +1,385% |
| Taxes | 450/3 | €31 | €464 | +€433 | +1,385% |
| Other amounts payable | 47/48 | €5,250 | €8,097 | +€2,847 | +54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €159 | +€159 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,308 | +€4,308 | |
| Other operating charges | 640/8 | €635 | €1,039 | +€403 | +63.5% |
| Gross operating margin | 9900 | €825 | €6,930 | +€6,105 | +740% |
| Operating profit (loss) | 9901 | €189 | €1,425 | +€1,236 | +653% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €61 | €161 | +€100 | +162% |
| Recurring financial charges | 65 | €61 | €161 | +€100 | +162% |
| Profit (loss) for the period before taxes | 9903 | €128 | €1,287 | +€1,159 | +908% |
| Income taxes | 67/77 | €31 | €391 | +€360 | +1,150% |
| Profit (loss) for the period | 9904 | €96 | €896 | +€800 | +830% |
| Profit (loss) for the period to be appropriated | 9905 | €96 | €896 | +€800 | +830% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.