ECORAMA: 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.
ECORAMA
Largest movements
- Stocks and contracts +€24,533
up €24,533 (+862.1%), from €2,846 to €27,379
- Tangible fixed assets -€14,827
down €14,827 (-60.4%), from €24,540 to €9,713
of which Furniture and vehicles: -€15,008
- Cash -€11,671
down €11,671 (-17.8%), from €65,424 to €53,753
mainly Stocks and contracts (-€24,533) and Current portion of long-term debt (-€3,505)
- Receivables within one year -€3,098
down €3,098 (-5.1%), from €61,034 to €57,936
of which Trade receivables: -€3,098
- Current portion of long-term debt -€3,505
down €3,505 (-65.1%), from €5,381 to €1,875
- Tax, wage and social debts -€3,021
down €3,021 (-45.0%), from €6,707 to €3,686
- Debts after one year -€1,875
down €1,875 (-50.4%), from €3,718 to €1,842
- Reserves +€1,784
up €1,784 (+2.6%), from €68,814 to €70,598
- Gross operating margin -€16,404
down €16,404 (-55.5%), from €29,544 to €13,141
- Depreciation -€7,388
down €7,388 (-57.7%), from €12,800 to €5,412
- Other operating charges -€796
down €796 (-38.3%), from €2,077 to €1,280
- Taxes +€370
up €370 (+57.6%), from €643 to €1,014
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 | €155,074 | €150,069 | -€5,005 | -3.2% |
| Fixed assets | 21/28 | €24,540 | €9,713 | -€14,827 | -60.4% |
| Tangible fixed assets | 22/27 | €24,540 | €9,713 | -€14,827 | -60.4% |
| Plant, machinery and equipment | 23 | €5,552 | €5,733 | +€181 | +3.3% |
| Furniture and vehicles | 24 | €18,988 | €3,980 | -€15,008 | -79.0% |
| Current assets | 29/58 | €130,534 | €140,356 | +€9,822 | +7.5% |
| Stocks and contracts in progress | 3 | €2,846 | €27,379 | +€24,533 | +862.1% |
| Stocks | 30/36 | €2,846 | €27,379 | +€24,533 | +862.1% |
| Amounts receivable within one year | 40/41 | €61,034 | €57,936 | -€3,098 | -5.1% |
| Trade receivables | 40 | €44,005 | €40,907 | -€3,098 | -7.0% |
| Other amounts receivable | 41 | €17,029 | €17,029 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,424 | €53,753 | -€11,671 | -17.8% |
| Deferred charges and accrued income | 490/1 | €1,230 | €1,288 | +€58 | +4.7% |
| Total equity and liabilities | 10/49 | €155,074 | €150,069 | -€5,005 | -3.2% |
| Equity | 10/15 | €89,014 | €90,798 | +€1,784 | +2.0% |
| Contributions | 10/11 | €20,200 | €20,200 | = | 0.0% |
| Reserves | 13 | €68,814 | €70,598 | +€1,784 | +2.6% |
| Distributable reserves | 133 | €68,814 | €70,598 | +€1,784 | +2.6% |
| Amounts payable | 17/49 | €66,059 | €59,270 | -€6,789 | -10.3% |
| Amounts payable after more than one year | 17 | €3,718 | €1,842 | -€1,875 | -50.4% |
| Financial debts | 170/4 | €3,718 | €1,842 | -€1,875 | -50.4% |
| Amounts payable within one year | 42/48 | €62,341 | €57,428 | -€4,913 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €5,381 | €1,875 | -€3,505 | -65.1% |
| Trade debts | 44 | €339 | €827 | +€488 | +144.2% |
| Suppliers | 440/4 | €339 | €827 | +€488 | +144.2% |
| Taxes, remuneration and social security | 45 | €6,707 | €3,686 | -€3,021 | -45.0% |
| Taxes | 450/3 | €6,707 | €3,686 | -€3,021 | -45.0% |
| Other amounts payable | 47/48 | €49,915 | €51,039 | +€1,125 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,800 | €5,412 | -€7,388 | -57.7% |
| Other operating charges | 640/8 | €2,077 | €1,280 | -€796 | -38.3% |
| Non-recurring operating charges | 66A | - | €3,069 | +€3,069 | |
| Gross operating margin | 9900 | €29,544 | €13,141 | -€16,404 | -55.5% |
| Operating profit (loss) | 9901 | €14,667 | €3,379 | -€11,288 | -77.0% |
| Financial income | 75/76B | €239 | €31 | -€208 | -87.2% |
| Recurring financial income | 75 | €239 | €31 | -€208 | -87.2% |
| Financial charges | 65/66B | €731 | €612 | -€119 | -16.3% |
| Recurring financial charges | 65 | €731 | €612 | -€119 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €14,175 | €2,797 | -€11,378 | -80.3% |
| Income taxes | 67/77 | €643 | €1,014 | +€370 | +57.6% |
| Profit (loss) for the period | 9904 | €13,532 | €1,784 | -€11,748 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,532 | €1,784 | -€11,748 | -86.8% |
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 10 October 2026 via checked.be.