EcomDirect: what changed
EcomDirect
Largest movements
- Receivables within one year +€15,017
up €15,017 (+50.1%), from €29,978 to €44,995
of which Trade receivables: +€13,748
- Stocks and contracts -€9,006
down €9,006 (-100%), from €9,006 to €0
- Cash +€8,032
up €8,032 (+281%), from €2,855 to €10,886
mainly Stocks and contracts (+€9,006) and Tax, wage and social debts (+€8,351)
- Tangible fixed assets +€1,513
up €1,513 (+225%), from €672 to €2,185
of which Plant, machinery and equipment: +€1,338
- Tax, wage and social debts +€8,351
up €8,351 (+25,017%), from €33 to €8,384
of which Taxes: +€5,781
- Profit (loss) carried forward +€7,243
up €7,243 (+30.6%), from €23,664 to €30,907
- Gross operating margin +€29,249
up €29,249, from -€2,280 to €26,969
- Write-downs +€9,006
new in 2025: €9,006
- Staff costs +€6,290
new in 2025: €6,290
- Taxes +€3,163
new in 2025: €3,163
- Financial charges +€797
up €797 (+629%), from €127 to €924
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,884 | €59,271 | +€15,388 | +35.1% |
| Fixed assets | 21/28 | €1,877 | €3,390 | +€1,513 | +80.6% |
| Tangible fixed assets | 22/27 | €672 | €2,185 | +€1,513 | +225% |
| Plant, machinery and equipment | 23 | - | €1,338 | +€1,338 | |
| Furniture and vehicles | 24 | - | €847 | +€847 | |
| Other tangible fixed assets | 26 | €672 | €0 | -€672 | -100% |
| Financial fixed assets | 28 | €1,205 | €1,205 | = | 0.0% |
| Current assets | 29/58 | €42,007 | €55,882 | +€13,875 | +33.0% |
| Stocks and contracts in progress | 3 | €9,006 | €0 | -€9,006 | -100% |
| Stocks | 30/36 | €9,006 | €0 | -€9,006 | -100% |
| Amounts receivable within one year | 40/41 | €29,978 | €44,995 | +€15,017 | +50.1% |
| Trade receivables | 40 | €3,504 | €17,252 | +€13,748 | +392% |
| Other amounts receivable | 41 | €26,475 | €27,743 | +€1,269 | +4.8% |
| Cash at bank and in hand | 54/58 | €2,855 | €10,886 | +€8,032 | +281% |
| Deferred charges and accrued income | 490/1 | €167 | €0 | -€167 | -100% |
| Total equity and liabilities | 10/49 | €43,884 | €59,271 | +€15,388 | +35.1% |
| Equity | 10/15 | €43,645 | €50,887 | +€7,243 | +16.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,388 | €1,388 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,388 | €1,388 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,388 | €1,388 | = | 0.0% |
| Other | 1319 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €23,664 | €30,907 | +€7,243 | +30.6% |
| Amounts payable | 17/49 | €239 | €8,384 | +€8,145 | +3,410% |
| Amounts payable within one year | 42/48 | €239 | €8,384 | +€8,145 | +3,410% |
| Trade debts | 44 | €206 | €0 | -€206 | -100% |
| Suppliers | 440/4 | €206 | €0 | -€206 | -100% |
| Taxes, remuneration and social security | 45 | €33 | €8,384 | +€8,351 | +25,017% |
| Taxes | 450/3 | €33 | €5,814 | +€5,781 | +17,317% |
| Remuneration and social security | 454/9 | - | €2,570 | +€2,570 | |
| Remuneration, social security and pensions | 62 | - | €6,290 | +€6,290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €997 | €1,765 | +€767 | +76.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,006 | +€9,006 | |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | -€2,280 | €26,969 | +€29,249 | |
| Operating profit (loss) | 9901 | -€3,277 | €9,788 | +€13,065 | |
| Financial income | 75/76B | €1,316 | €1,541 | +€225 | +17.1% |
| Recurring financial income | 75 | €1,316 | €1,541 | +€225 | +17.1% |
| Financial charges | 65/66B | €127 | €924 | +€797 | +629% |
| Recurring financial charges | 65 | €127 | €924 | +€797 | +629% |
| Profit (loss) for the period before taxes | 9903 | -€2,088 | €10,405 | +€12,493 | |
| Income taxes | 67/77 | - | €3,163 | +€3,163 | |
| Profit (loss) for the period | 9904 | -€2,088 | €7,243 | +€9,330 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,088 | €7,243 | +€9,330 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.