Ecommerce Europe: 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.
Ecommerce Europe
Largest movements
- Cash +€36,004
up €36,004 (+8.6%), from €420,696 to €456,700
mainly Net result for the year (+€50,606) and Receivables within one year (+€24,382)
- Receivables within one year -€24,382
down €24,382 (-61.6%), from €39,577 to €15,195
of which Trade receivables: -€21,929
- Deferred charges and accrued income +€18,294
up €18,294 (+157%), from €11,635 to €29,929
- Profit (loss) carried forward +€50,606
up €50,606 (+13.5%), from €374,642 to €425,248
- Trade debts -€20,221
down €20,221 (-65.2%), from €31,012 to €10,791
- Gross operating margin +€105,594
up €105,594 (+18.7%), from €564,401 to €669,994
- Staff costs +€58,289
up €58,289 (+10.4%), from €562,481 to €620,769
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 | €472,685 | €502,649 | +€29,964 | +6.3% |
| Fixed assets | 21/28 | €776 | €824 | +€48 | +6.2% |
| Tangible fixed assets | 22/27 | €776 | €824 | +€48 | +6.2% |
| Plant, machinery and equipment | 23 | €776 | €824 | +€48 | +6.2% |
| Current assets | 29/58 | €471,909 | €501,825 | +€29,916 | +6.3% |
| Amounts receivable within one year | 40/41 | €39,577 | €15,195 | -€24,382 | -61.6% |
| Trade receivables | 40 | €37,124 | €15,195 | -€21,929 | -59.1% |
| Other amounts receivable | 41 | €2,453 | €0 | -€2,453 | -100% |
| Cash at bank and in hand | 54/58 | €420,696 | €456,700 | +€36,004 | +8.6% |
| Deferred charges and accrued income | 490/1 | €11,635 | €29,929 | +€18,294 | +157% |
| Total equity and liabilities | 10/49 | €472,685 | €502,649 | +€29,964 | +6.3% |
| Equity | 10/15 | €374,642 | €425,248 | +€50,606 | +13.5% |
| Profit (loss) carried forward | 14 | €374,642 | €425,248 | +€50,606 | +13.5% |
| Amounts payable | 17/49 | €98,042 | €77,400 | -€20,642 | -21.1% |
| Amounts payable within one year | 42/48 | €97,849 | €77,173 | -€20,675 | -21.1% |
| Trade debts | 44 | €31,012 | €10,791 | -€20,221 | -65.2% |
| Suppliers | 440/4 | €31,012 | €10,791 | -€20,221 | -65.2% |
| Taxes, remuneration and social security | 45 | €66,837 | €66,382 | -€455 | -0.7% |
| Taxes | 450/3 | - | €1,587 | +€1,587 | |
| Remuneration and social security | 454/9 | €66,837 | €64,795 | -€2,042 | -3.1% |
| Accrued charges and deferred income | 492/3 | €193 | €227 | +€33 | +17.3% |
| Remuneration, social security and pensions | 62 | €562,481 | €620,769 | +€58,289 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,057 | €597 | -€460 | -43.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€2,500 | -€2,500 | |
| Other operating charges | 640/8 | €1,060 | €600 | -€460 | -43.4% |
| Gross operating margin | 9900 | €564,401 | €669,994 | +€105,594 | +18.7% |
| Operating profit (loss) | 9901 | -€197 | €50,528 | +€50,725 | |
| Financial income | 75/76B | €1 | €303 | +€302 | +43,121% |
| Recurring financial income | 75 | €1 | €303 | +€302 | +43,121% |
| Financial charges | 65/66B | €328 | €225 | -€104 | -31.6% |
| Recurring financial charges | 65 | €328 | €225 | -€104 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | -€525 | €50,606 | +€51,131 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€525 | €50,606 | +€51,131 | |
| Profit (loss) for the period to be appropriated | 9905 | -€525 | €50,606 | +€51,131 |
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 28 October 2026 via checked.be.