ECO - POINT: 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 - POINT
Largest movements
- Receivables within one year -€80,710
down €80,710 (-21.3%), from €378,846 to €298,136
of which Trade receivables: -€53,515
- Intangible fixed assets +€70,285
new in 2025: €70,285
- Cash +€19,539
up €19,539 (+41.3%), from €47,327 to €66,866
mainly Net result for the year (+€98,493) and Receivables within one year (+€80,710)
- Trade debts -€23,494
down €23,494 (-68.9%), from €34,122 to €10,627
- Profit (loss) carried forward +€18,493
up €18,493 (+6.1%), from €300,834 to €319,327
- Tax, wage and social debts +€7,835
up €7,835 (+10.3%), from €75,760 to €83,596
of which Remuneration and social security: +€6,218
- Accrued charges and deferred income +€6,676
up €6,676 (+72.7%), from €9,181 to €15,857
- Staff costs +€69,285
up €69,285 (+24.4%), from €283,585 to €352,870
- Taxes -€14,723
down €14,723 (-28.9%), from €50,880 to €36,157
- Gross operating margin +€13,453
up €13,453 (+2.8%), from €474,260 to €487,713
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 | €427,956 | €437,466 | +€9,510 | +2.2% |
| Fixed assets | 21/28 | - | €70,285 | +€70,285 | |
| Intangible fixed assets | 21 | - | €70,285 | +€70,285 | |
| Current assets | 29/58 | €427,956 | €367,181 | -€60,775 | -14.2% |
| Amounts receivable within one year | 40/41 | €378,846 | €298,136 | -€80,710 | -21.3% |
| Trade receivables | 40 | €201,751 | €148,236 | -€53,515 | -26.5% |
| Other amounts receivable | 41 | €177,095 | €149,900 | -€27,195 | -15.4% |
| Cash at bank and in hand | 54/58 | €47,327 | €66,866 | +€19,539 | +41.3% |
| Deferred charges and accrued income | 490/1 | €1,784 | €2,179 | +€396 | +22.2% |
| Total equity and liabilities | 10/49 | €427,956 | €437,466 | +€9,510 | +2.2% |
| Equity | 10/15 | €308,894 | €327,386 | +€18,493 | +6.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €300,834 | €319,327 | +€18,493 | +6.1% |
| Amounts payable | 17/49 | €119,063 | €110,080 | -€8,983 | -7.5% |
| Amounts payable within one year | 42/48 | €109,882 | €94,223 | -€15,659 | -14.3% |
| Trade debts | 44 | €34,122 | €10,627 | -€23,494 | -68.9% |
| Suppliers | 440/4 | €34,122 | €10,627 | -€23,494 | -68.9% |
| Taxes, remuneration and social security | 45 | €75,760 | €83,596 | +€7,835 | +10.3% |
| Taxes | 450/3 | €17,321 | €18,939 | +€1,618 | +9.3% |
| Remuneration and social security | 454/9 | €58,439 | €64,657 | +€6,218 | +10.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €9,181 | €15,857 | +€6,676 | +72.7% |
| Remuneration, social security and pensions | 62 | €283,585 | €352,870 | +€69,285 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,802 | +€1,802 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,037 | -€1,037 | |
| Other operating charges | 640/8 | €497 | €400 | -€98 | -19.6% |
| Gross operating margin | 9900 | €474,260 | €487,713 | +€13,453 | +2.8% |
| Operating profit (loss) | 9901 | €190,178 | €133,679 | -€56,499 | -29.7% |
| Financial income | 75/76B | €5,659 | €4,721 | -€938 | -16.6% |
| Recurring financial income | 75 | €5,659 | €4,721 | -€938 | -16.6% |
| Financial charges | 65/66B | €3,669 | €3,750 | +€82 | +2.2% |
| Recurring financial charges | 65 | €3,669 | €3,750 | +€82 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €192,169 | €134,650 | -€57,519 | -29.9% |
| Income taxes | 67/77 | €50,880 | €36,157 | -€14,723 | -28.9% |
| Profit (loss) for the period | 9904 | €141,289 | €98,493 | -€42,796 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €141,289 | €98,493 | -€42,796 | -30.3% |
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 17 October 2026 via checked.be.