ECODE: 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.
ECODE
Largest movements
- Cash +€11,153
up €11,153 (+168%), from €6,655 to €17,809
mainly Advances received (+€8,325) and Receivables within one year (+€2,558)
- Receivables within one year -€2,558
down €2,558 (-17.9%), from €14,289 to €11,731
- Deferred charges and accrued income +€1,313
new in 2025: €1,313
- Advances received +€8,325
new in 2025: €8,325
- Profit (loss) carried forward +€760
up €760 (+270%), from €282 to €1,041
- Tax, wage and social debts +€681
up €681 (+23.5%), from €2,895 to €3,576
of which Remuneration and social security: +€398
- Gross operating margin +€1,320
up €1,320 (+99.7%), from €1,324 to €2,644
- Other operating charges +€400
new in 2025: €400
- Depreciation -€269
down €269 (-19.0%), from €1,418 to €1,149
- Taxes +€252
up €252 (+735%), from €34 to €286
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 | €22,779 | €32,747 | +€9,968 | +43.8% |
| Fixed assets | 21/28 | €1,834 | €1,894 | +€60 | +3.3% |
| Tangible fixed assets | 22/27 | €1,654 | €1,714 | +€60 | +3.6% |
| Plant, machinery and equipment | 23 | €1,654 | - | -€1,654 | |
| Furniture and vehicles | 24 | - | €1,714 | +€1,714 | |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €20,945 | €30,853 | +€9,908 | +47.3% |
| Amounts receivable within one year | 40/41 | €14,289 | €11,731 | -€2,558 | -17.9% |
| Trade receivables | 40 | €14,289 | €11,731 | -€2,558 | -17.9% |
| Cash at bank and in hand | 54/58 | €6,655 | €17,809 | +€11,153 | +168% |
| Deferred charges and accrued income | 490/1 | - | €1,313 | +€1,313 | |
| Total equity and liabilities | 10/49 | €22,779 | €32,747 | +€9,968 | +43.8% |
| Equity | 10/15 | €18,282 | €19,041 | +€760 | +4.2% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €282 | €1,041 | +€760 | +270% |
| Amounts payable | 17/49 | €4,497 | €13,706 | +€9,209 | +205% |
| Amounts payable within one year | 42/48 | €4,497 | €13,706 | +€9,209 | +205% |
| Trade debts | 44 | €1,602 | €1,805 | +€203 | +12.6% |
| Suppliers | 440/4 | €1,602 | €1,805 | +€203 | +12.6% |
| Advances received on contracts in progress | 46 | - | €8,325 | +€8,325 | |
| Taxes, remuneration and social security | 45 | €2,895 | €3,576 | +€681 | +23.5% |
| Taxes | 450/3 | €136 | €419 | +€283 | +208% |
| Remuneration and social security | 454/9 | €2,759 | €3,157 | +€398 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,418 | €1,149 | -€269 | -19.0% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €1,324 | €2,644 | +€1,320 | +99.7% |
| Operating profit (loss) | 9901 | -€94 | €1,095 | +€1,189 | |
| Financial charges | 65/66B | €42 | €50 | +€7 | +16.6% |
| Recurring financial charges | 65 | €42 | €50 | +€7 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | -€137 | €1,046 | +€1,182 | |
| Income taxes | 67/77 | €34 | €286 | +€252 | +735% |
| Profit (loss) for the period | 9904 | -€171 | €760 | +€931 | |
| Profit (loss) for the period to be appropriated | 9905 | -€171 | €760 | +€931 |
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 23 October 2026 via checked.be.