ECOMPANY: 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.
ECOMPANY
Largest movements
- Cash +€361,418
up €361,418 (+127.7%), from €282,949 to €644,367
mainly Trade debts (+€653,429) and Stocks and contracts (+€122,753)
- Stocks and contracts -€122,753
down €122,753 (-16.8%), from €729,870 to €607,117
- Tangible fixed assets +€49,836
up €49,836 (+105.1%), from €47,422 to €97,258
of which Furniture and vehicles: +€46,155
- Deferred charges and accrued income +€30,470
up €30,470 (+51.0%), from €59,697 to €90,167
- Trade debts +€653,429
up €653,429 (+49.5%), from €1.3m to €2.0m
- Short-term financial debts -€350,000
down €350,000 (-100.0%), from €350,000 to €0
of which Credit institutions: -€350,000
- Tax, wage and social debts -€33,580
down €33,580 (-13.5%), from €249,613 to €216,033
of which Remuneration and social security: -€44,527
- Gross operating margin -€37,371
down €37,371 (-2.9%), from €1.3m to €1.3m
- Staff costs +€35,779
up €35,779 (+3.4%), from €1.1m to €1.1m
- Financial charges -€23,987
down €23,987 (-39.5%), from €60,803 to €36,815
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.
Cash bridge derived
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 | €2,713,162 | €3,007,784 | +€294,622 | +10.9% |
| Fixed assets | 21/28 | €58,613 | €103,340 | +€44,727 | +76.3% |
| Intangible fixed assets | 21 | €11,191 | €2,232 | -€8,959 | -80.1% |
| Tangible fixed assets | 22/27 | €47,422 | €97,258 | +€49,836 | +105.1% |
| Furniture and vehicles | 24 | €43,311 | €89,466 | +€46,155 | +106.6% |
| Other tangible fixed assets | 26 | €4,111 | €7,792 | +€3,681 | +89.5% |
| Financial fixed assets | 28 | €0 | €3,850 | +€3,850 | |
| Current assets | 29/58 | €2,654,549 | €2,904,443 | +€249,894 | +9.4% |
| Amounts receivable after more than one year | 29 | €108,618 | €90,172 | -€18,447 | -17.0% |
| Other amounts receivable | 291 | €108,618 | €90,172 | -€18,447 | -17.0% |
| Stocks and contracts in progress | 3 | €729,870 | €607,117 | -€122,753 | -16.8% |
| Stocks | 30/36 | €729,870 | €607,117 | -€122,753 | -16.8% |
| Amounts receivable within one year | 40/41 | €1,473,414 | €1,472,621 | -€793 | -0.1% |
| Trade receivables | 40 | €1,259,349 | €1,269,092 | +€9,743 | +0.8% |
| Other amounts receivable | 41 | €214,065 | €203,529 | -€10,536 | -4.9% |
| Cash at bank and in hand | 54/58 | €282,949 | €644,367 | +€361,418 | +127.7% |
| Deferred charges and accrued income | 490/1 | €59,697 | €90,167 | +€30,470 | +51.0% |
| Total equity and liabilities | 10/49 | €2,713,162 | €3,007,784 | +€294,622 | +10.9% |
| Equity | 10/15 | €729,708 | €759,267 | +€29,559 | +4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €723,508 | €753,067 | +€29,559 | +4.1% |
| Tax-exempt reserves | 132 | €3,540 | €3,540 | = | 0.0% |
| Distributable reserves | 133 | €719,967 | €749,526 | +€29,559 | +4.1% |
| Amounts payable | 17/49 | €1,983,454 | €2,248,517 | +€265,062 | +13.4% |
| Amounts payable after more than one year | 17 | €39,333 | €31,612 | -€7,721 | -19.6% |
| Financial debts | 170/4 | €39,333 | €31,612 | -€7,721 | -19.6% |
| Amounts payable within one year | 42/48 | €1,944,122 | €2,200,539 | +€256,418 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €21,411 | €10,482 | -€10,928 | -51.0% |
| Financial debts | 43 | €350,000 | €0 | -€350,000 | -100.0% |
| Credit institutions | 430/8 | €350,000 | €0 | -€350,000 | -100.0% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €1,320,315 | €1,973,744 | +€653,429 | +49.5% |
| Suppliers | 440/4 | €1,320,315 | €1,973,744 | +€653,429 | +49.5% |
| Advances received on contracts in progress | 46 | €2,783 | €0 | -€2,783 | -100.0% |
| Taxes, remuneration and social security | 45 | €249,613 | €216,033 | -€33,580 | -13.5% |
| Taxes | 450/3 | €49,832 | €60,779 | +€10,947 | +22.0% |
| Remuneration and social security | 454/9 | €199,780 | €155,254 | -€44,527 | -22.3% |
| Other amounts payable | 47/48 | - | €280 | +€280 | |
| Accrued charges and deferred income | 492/3 | €0 | €16,365 | +€16,365 | |
| Remuneration, social security and pensions | 62 | €1,065,019 | €1,100,798 | +€35,779 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,641 | €31,440 | +€800 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,001 | €0 | -€2,001 | -100.0% |
| Other operating charges | 640/8 | €9,006 | €18,906 | +€9,900 | +109.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,287,593 | €1,250,223 | -€37,371 | -2.9% |
| Operating profit (loss) | 9901 | €180,926 | €99,078 | -€81,848 | -45.2% |
| Financial income | 75/76B | €7,512 | €4,316 | -€3,196 | -42.5% |
| Recurring financial income | 75 | €7,512 | €4,316 | -€3,196 | -42.5% |
| Financial charges | 65/66B | €60,803 | €36,815 | -€23,987 | -39.5% |
| Recurring financial charges | 65 | €60,803 | €36,815 | -€23,987 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €127,636 | €66,579 | -€61,057 | -47.8% |
| Income taxes | 67/77 | €43,352 | €37,020 | -€6,332 | -14.6% |
| Profit (loss) for the period | 9904 | €84,284 | €29,559 | -€54,725 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €84,284 | €29,559 | -€54,725 | -64.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.