ECOMI: 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.
ECOMI
Largest movements
- Receivables within one year -€189,499
down €189,499 (-17.7%), from €1.1m to €882,618
of which Trade receivables: -€205,308
- Cash +€128,163
up €128,163 (+161.8%), from €79,207 to €207,370
mainly Receivables within one year (+€189,499) and Net result for the year (+€87,861)
- Stocks and contracts +€67,042
up €67,042 (+17.8%), from €376,925 to €443,967
- Tangible fixed assets +€17,161
up €17,161 (+17.8%), from €96,448 to €113,609
of which Furniture and vehicles: +€23,526
- Advances received -€115,223
down €115,223 (-83.7%), from €137,625 to €22,403
- Profit (loss) carried forward +€87,861
up €87,861 (+9.4%), from €933,082 to €1.0m
- Trade debts +€87,496
up €87,496 (+75.6%), from €115,798 to €203,293
- Tax, wage and social debts -€46,638
down €46,638 (-44.0%), from €105,889 to €59,251
of which Remuneration and social security: -€42,538
- Staff costs -€175,177
down €175,177 (-19.6%), from €895,008 to €719,831
- Gross operating margin -€57,984
down €57,984 (-6.1%), from €944,314 to €886,330
- Taxes +€23,485
up €23,485 (+193.9%), from €12,113 to €35,598
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,645,610 | €1,657,994 | +€12,384 | +0.8% |
| Fixed assets | 21/28 | €96,448 | €113,609 | +€17,161 | +17.8% |
| Tangible fixed assets | 22/27 | €96,448 | €113,609 | +€17,161 | +17.8% |
| Land and buildings | 22 | €36,105 | €32,714 | -€3,391 | -9.4% |
| Plant, machinery and equipment | 23 | €42,070 | €39,096 | -€2,974 | -7.1% |
| Furniture and vehicles | 24 | €18,273 | €41,799 | +€23,526 | +128.7% |
| Current assets | 29/58 | €1,549,162 | €1,544,385 | -€4,777 | -0.3% |
| Stocks and contracts in progress | 3 | €376,925 | €443,967 | +€67,042 | +17.8% |
| Stocks | 30/36 | €376,925 | €443,967 | +€67,042 | +17.8% |
| Amounts receivable within one year | 40/41 | €1,072,118 | €882,618 | -€189,499 | -17.7% |
| Trade receivables | 40 | €531,410 | €326,102 | -€205,308 | -38.6% |
| Other amounts receivable | 41 | €540,707 | €556,516 | +€15,809 | +2.9% |
| Cash at bank and in hand | 54/58 | €79,207 | €207,370 | +€128,163 | +161.8% |
| Deferred charges and accrued income | 490/1 | €20,911 | €10,429 | -€10,482 | -50.1% |
| Total equity and liabilities | 10/49 | €1,645,610 | €1,657,994 | +€12,384 | +0.8% |
| Equity | 10/15 | €1,283,542 | €1,371,403 | +€87,861 | +6.8% |
| Contributions | 10/11 | €318,600 | €318,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,860 | €31,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,860 | €31,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €933,082 | €1,020,943 | +€87,861 | +9.4% |
| Amounts payable | 17/49 | €362,068 | €286,591 | -€75,477 | -20.8% |
| Amounts payable within one year | 42/48 | €359,311 | €284,947 | -€74,364 | -20.7% |
| Trade debts | 44 | €115,798 | €203,293 | +€87,496 | +75.6% |
| Suppliers | 440/4 | €115,798 | €203,293 | +€87,496 | +75.6% |
| Advances received on contracts in progress | 46 | €137,625 | €22,403 | -€115,223 | -83.7% |
| Taxes, remuneration and social security | 45 | €105,889 | €59,251 | -€46,638 | -44.0% |
| Taxes | 450/3 | €4,099 | €0 | -€4,099 | -100.0% |
| Remuneration and social security | 454/9 | €101,789 | €59,251 | -€42,538 | -41.8% |
| Accrued charges and deferred income | 492/3 | €2,757 | €1,644 | -€1,113 | -40.4% |
| Non-recurring operating income | 76A | €76 | €7,000 | +€6,924 | +9074.3% |
| Remuneration, social security and pensions | 62 | €895,008 | €719,831 | -€175,177 | -19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,216 | €24,929 | +€6,713 | +36.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,670 | €0 | +€5,670 | |
| Other operating charges | 640/8 | €19,058 | €22,350 | +€3,292 | +17.3% |
| Non-recurring operating charges | 66A | €2,764 | €0 | -€2,764 | -100.0% |
| Gross operating margin | 9900 | €944,314 | €886,330 | -€57,984 | -6.1% |
| Operating profit (loss) | 9901 | €14,937 | €119,220 | +€104,283 | +698.1% |
| Financial income | 75/76B | €7,684 | €7,718 | +€33 | +0.4% |
| Recurring financial income | 75 | €7,684 | €7,718 | +€33 | +0.4% |
| Financial charges | 65/66B | €4,561 | €3,478 | -€1,083 | -23.7% |
| Recurring financial charges | 65 | €4,561 | €3,478 | -€1,083 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €18,060 | €123,459 | +€105,399 | +583.6% |
| Income taxes | 67/77 | €12,113 | €35,598 | +€23,485 | +193.9% |
| Profit (loss) for the period | 9904 | €5,947 | €87,861 | +€81,914 | +1377.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,947 | €87,861 | +€81,914 | +1377.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.