ECONFORM: 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.
ECONFORM
Largest movements
- Tangible fixed assets -€45,090
down €45,090 (-16.2%), from €278,016 to €232,926
of which Furniture and vehicles: -€32,763
- Stocks and contracts -€36,161
down €36,161 (-50.5%), from €71,661 to €35,500
of which Contracts in progress: -€36,161
- Receivables within one year +€32,306
up €32,306 (+27.5%), from €117,542 to €149,848
of which Trade receivables: +€32,870
- Cash -€14,385
down €14,385 (-16.8%), from €85,761 to €71,376
mainly Contributions, distributions and other (-€36,233) and Receivables within one year (-€32,306)
- Reserves -€54,643
down €54,643 (-29.6%), from €184,335 to €129,692
of which Distributable reserves: -€53,043
- Debts after one year -€22,246
down €22,246 (-9.0%), from €248,205 to €225,959
- Profit (loss) carried forward +€21,778
up €21,778, from -€21,778 to €0
- Tax, wage and social debts +€15,469
up €15,469 (+40.6%), from €38,093 to €53,562
of which Remuneration and social security: +€14,838
- Current portion of long-term debt -€13,225
down €13,225 (-37.3%), from €35,471 to €22,246
- Gross operating margin +€130,704
up €130,704 (+35.5%), from €368,113 to €498,817
- Staff costs +€119,017
up €119,017 (+36.7%), from €324,176 to €443,193
- Depreciation -€9,512
down €9,512 (-20.6%), from €46,083 to €36,571
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 | €554,065 | €493,251 | -€60,813 | -11.0% |
| Fixed assets | 21/28 | €278,016 | €232,926 | -€45,090 | -16.2% |
| Tangible fixed assets | 22/27 | €278,016 | €232,926 | -€45,090 | -16.2% |
| Land and buildings | 22 | €231,320 | €213,568 | -€17,752 | -7.7% |
| Plant, machinery and equipment | 23 | €6,292 | €11,716 | +€5,424 | +86.2% |
| Furniture and vehicles | 24 | €40,404 | €7,642 | -€32,763 | -81.1% |
| Current assets | 29/58 | €276,049 | €260,326 | -€15,724 | -5.7% |
| Stocks and contracts in progress | 3 | €71,661 | €35,500 | -€36,161 | -50.5% |
| Stocks | 30/36 | €4,500 | €4,500 | = | 0.0% |
| Contracts in progress | 37 | €67,161 | €31,000 | -€36,161 | -53.8% |
| Amounts receivable within one year | 40/41 | €117,542 | €149,848 | +€32,306 | +27.5% |
| Trade receivables | 40 | €77,705 | €110,575 | +€32,870 | +42.3% |
| Other amounts receivable | 41 | €39,837 | €39,273 | -€564 | -1.4% |
| Cash at bank and in hand | 54/58 | €85,761 | €71,376 | -€14,385 | -16.8% |
| Deferred charges and accrued income | 490/1 | €1,085 | €3,601 | +€2,516 | +232% |
| Total equity and liabilities | 10/49 | €554,065 | €493,251 | -€60,813 | -11.0% |
| Equity | 10/15 | €181,158 | €148,292 | -€32,866 | -18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €184,335 | €129,692 | -€54,643 | -29.6% |
| Non-distributable reserves | 130/1 | €1,600 | €0 | -€1,600 | -100% |
| Reserves not available under the articles | 1311 | €1,600 | €0 | -€1,600 | -100% |
| Tax-exempt reserves | 132 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €171,735 | €118,692 | -€53,043 | -30.9% |
| Profit (loss) carried forward | 14 | -€21,778 | €0 | +€21,778 | |
| Amounts payable | 17/49 | €372,907 | €344,959 | -€27,947 | -7.5% |
| Amounts payable after more than one year | 17 | €248,205 | €225,959 | -€22,246 | -9.0% |
| Financial debts | 170/4 | €248,205 | €225,959 | -€22,246 | -9.0% |
| Amounts payable within one year | 42/48 | €124,701 | €119,000 | -€5,701 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €35,471 | €22,246 | -€13,225 | -37.3% |
| Trade debts | 44 | €49,213 | €41,213 | -€8,000 | -16.3% |
| Suppliers | 440/4 | €49,213 | €41,213 | -€8,000 | -16.3% |
| Taxes, remuneration and social security | 45 | €38,093 | €53,562 | +€15,469 | +40.6% |
| Taxes | 450/3 | €3,519 | €4,149 | +€630 | +17.9% |
| Remuneration and social security | 454/9 | €34,574 | €49,412 | +€14,838 | +42.9% |
| Other amounts payable | 47/48 | €1,924 | €1,979 | +€55 | +2.9% |
| Remuneration, social security and pensions | 62 | €324,176 | €443,193 | +€119,017 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,083 | €36,571 | -€9,512 | -20.6% |
| Other operating charges | 640/8 | €8,470 | €5,119 | -€3,350 | -39.6% |
| Gross operating margin | 9900 | €368,113 | €498,817 | +€130,704 | +35.5% |
| Operating profit (loss) | 9901 | -€10,615 | €13,934 | +€24,549 | |
| Financial income | 75/76B | €392 | €1,562 | +€1,171 | +299% |
| Recurring financial income | 75 | €392 | €1,562 | +€1,171 | +299% |
| Financial charges | 65/66B | €11,122 | €11,281 | +€159 | +1.4% |
| Recurring financial charges | 65 | €11,122 | €11,281 | +€159 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,346 | €4,215 | +€25,561 | |
| Income taxes | 67/77 | €432 | €848 | +€417 | +96.6% |
| Profit (loss) for the period | 9904 | -€21,778 | €3,367 | +€25,144 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,778 | €3,367 | +€25,144 |
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 20 October 2026 via checked.be.