Ecore: 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.
Ecore
Largest movements
- Cash +€10,105
up €10,105 (+66.8%), from €15,125 to €25,230
mainly Net result for the year (+€19,780) and Depreciation (+€8,143)
- Tangible fixed assets -€6,859
down €6,859 (-24.4%), from €28,099 to €21,240
of which Leasing and similar rights: -€5,949
- Receivables within one year +€1,959
up €1,959 (+8.4%), from €23,369 to €25,328
of which Trade receivables: +€1,714
- Reserves +€19,780
up €19,780 (+21.3%), from €93,014 to €112,794
of which Distributable reserves: +€19,780
- Tax, wage and social debts -€5,221
down €5,221 (-23.3%), from €22,416 to €17,195
- Other debts -€3,389
down €3,389 (-100%), from €3,389 to €0
- Current portion of long-term debt -€3,169
down €3,169 (-91.0%), from €3,484 to €314
- Trade debts -€2,505
down €2,505 (-85.9%), from €2,917 to €411
- Financial income -€720
down €720 (-100%), from €720 to €0
- Gross operating margin +€676
up €676 (+1.7%), from €40,315 to €40,991
- Depreciation +€496
up €496 (+6.5%), from €7,647 to €8,143
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 | €132,655 | €137,866 | +€5,211 | +3.9% |
| Fixed assets | 21/28 | €93,816 | €86,957 | -€6,859 | -7.3% |
| Tangible fixed assets | 22/27 | €28,099 | €21,240 | -€6,859 | -24.4% |
| Furniture and vehicles | 24 | €1,921 | €3,380 | +€1,459 | +76.0% |
| Leasing and similar rights | 25 | €5,949 | €0 | -€5,949 | -100% |
| Other tangible fixed assets | 26 | €20,230 | €17,860 | -€2,369 | -11.7% |
| Financial fixed assets | 28 | €65,717 | €65,717 | = | 0.0% |
| Current assets | 29/58 | €38,839 | €50,909 | +€12,070 | +31.1% |
| Amounts receivable within one year | 40/41 | €23,369 | €25,328 | +€1,959 | +8.4% |
| Trade receivables | 40 | €23,369 | €25,083 | +€1,714 | +7.3% |
| Other amounts receivable | 41 | - | €245 | +€245 | |
| Cash at bank and in hand | 54/58 | €15,125 | €25,230 | +€10,105 | +66.8% |
| Deferred charges and accrued income | 490/1 | €345 | €351 | +€6 | +1.7% |
| Total equity and liabilities | 10/49 | €132,655 | €137,866 | +€5,211 | +3.9% |
| Equity | 10/15 | €99,516 | €119,296 | +€19,780 | +19.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €93,014 | €112,794 | +€19,780 | +21.3% |
| Non-distributable reserves | 130/1 | €790 | €790 | = | 0.0% |
| Reserves not available under the articles | 1311 | €790 | €790 | = | 0.0% |
| Distributable reserves | 133 | €92,224 | €112,004 | +€19,780 | +21.4% |
| Profit (loss) carried forward | 14 | €302 | €302 | -€0 | 0.0% |
| Amounts payable | 17/49 | €33,139 | €18,570 | -€14,569 | -44.0% |
| Amounts payable after more than one year | 17 | €314 | €0 | -€314 | -100% |
| Financial debts | 170/4 | €314 | €0 | -€314 | -100% |
| Amounts payable within one year | 42/48 | €32,205 | €17,921 | -€14,284 | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €3,484 | €314 | -€3,169 | -91.0% |
| Trade debts | 44 | €2,917 | €411 | -€2,505 | -85.9% |
| Suppliers | 440/4 | €2,917 | €411 | -€2,505 | -85.9% |
| Taxes, remuneration and social security | 45 | €22,416 | €17,195 | -€5,221 | -23.3% |
| Taxes | 450/3 | €22,416 | €17,195 | -€5,221 | -23.3% |
| Other amounts payable | 47/48 | €3,389 | €0 | -€3,389 | -100% |
| Accrued charges and deferred income | 492/3 | €619 | €649 | +€30 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,647 | €8,143 | +€496 | +6.5% |
| Other operating charges | 640/8 | €734 | €874 | +€140 | +19.1% |
| Gross operating margin | 9900 | €40,315 | €40,991 | +€676 | +1.7% |
| Operating profit (loss) | 9901 | €31,934 | €31,974 | +€40 | +0.1% |
| Financial income | 75/76B | €720 | €0 | -€720 | -100% |
| Recurring financial income | 75 | €720 | €0 | -€720 | -100% |
| Financial charges | 65/66B | €405 | €254 | -€151 | -37.2% |
| Recurring financial charges | 65 | €405 | €254 | -€151 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €32,249 | €31,720 | -€529 | -1.6% |
| Income taxes | 67/77 | €12,290 | €11,940 | -€350 | -2.8% |
| Profit (loss) for the period | 9904 | €19,958 | €19,780 | -€178 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,958 | €19,780 | -€178 | -0.9% |
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 19 October 2026 via checked.be.