ECORYS BRUSSELS: 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.
What changed
ECORYS BRUSSELS
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€993,402
2024 · €32,125+€961,277
Equity
€1.9m
2024 · €929,144+€993,402
Cash
€341,568
2024 · €189,923+€151,645
Balance sheet total
€14.2m
2024 · €13.3m+€880,021
Largest movements
Assets
- Stocks and contracts +€971,526
up €971,526 (+15.0%), from €6.5m to €7.4m
- Cash +€151,645
up €151,645 (+79.8%), from €189,923 to €341,568
mainly Net result for the year (+€993,402) and Advances received (+€985,264)
Equity and liabilities
- Trade debts -€1.7m
down €1.7m (-34.2%), from €4.8m to €3.2m
- Reserves +€993,402
up €993,402 (+114%), from €867,644 to €1.9m
of which Distributable reserves: +€993,402
- Advances received +€985,264
up €985,264 (+37.8%), from €2.6m to €3.6m
- Short-term financial debts +€843,657
up €843,657 (+35.4%), from €2.4m to €3.2m
of which Credit institutions: +€923,210
- Current portion of long-term debt -€445,252
down €445,252 (-86.1%), from €517,000 to €71,748
Income statement
- Goods and materials -€2.8m
down €2.8m (-16.0%), from €17.7m to €14.9m
- Turnover -€2.6m
down €2.6m (-7.8%), from €33.4m to €30.8m
- Services and other goods -€1.0m
down €1.0m (-16.0%), from €6.5m to €5.5m
- Staff costs -€714,244
down €714,244 (-7.3%), from €9.8m to €9.1m
- Taxes +€355,570
up €355,570 (+328%), from €108,296 to €463,866
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.
Result 2024
€32,125
Turnover
-€2.6m
Other operating income
-€9,750
Goods and materials
+€2.8m
Services and other goods
+€1.0m
Staff costs
+€714,244
Depreciation
-€11,100
Other operating charges
-€76,386
Other operating items
-€499,336
Financial income
-€772
Financial charges
-€59,116
Taxes
-€355,570
Result 2025
€993,402
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€172,662
Investment
-€19,758
Financing
+€344,065
Cash 2024
€189,923
From operations (derived)
-€172,662
Net result for the year
+€993,402
Depreciation
+€177,168
Stocks and contracts
-€971,526
Receivables within one year
+€104,212
Deferred charges and accrued income
-€18,472
Trade debts
-€1.7m
Tax, wage and social debts
+€211,397
Advances received
+€985,264
Investment (derived)
-€19,758
Investment in fixed assets (net)
-€19,758
Financing
+€344,065
Debts after one year
-€54,340
Current portion of long-term debt
-€445,252
Short-term financial debts
+€843,657
Cash 2025
€341,568
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,285,341 | €14,165,362 | +€880,021 | +6.6% |
| Fixed assets | 21/28 | €1,150,012 | €992,602 | -€157,410 | -13.7% |
| Intangible fixed assets | 21 | €132,552 | €85,850 | -€46,702 | -35.2% |
| Tangible fixed assets | 22/27 | €985,910 | €876,502 | -€109,408 | -11.1% |
| Furniture and vehicles | 24 | €186,233 | €155,591 | -€30,642 | -16.5% |
| Other tangible fixed assets | 26 | €799,677 | €720,911 | -€78,766 | -9.8% |
| Financial fixed assets | 28 | €31,550 | €30,250 | -€1,300 | -4.1% |
| Other financial fixed assets | 284/8 | €31,550 | €30,250 | -€1,300 | -4.1% |
| Amounts receivable and cash guarantees | 285/8 | €31,550 | €30,250 | -€1,300 | -4.1% |
| Current assets | 29/58 | €12,135,329 | €13,172,760 | +€1.0m | +8.5% |
| Stocks and contracts in progress | 3 | €6,469,931 | €7,441,457 | +€971,526 | +15.0% |
| Contracts in progress | 37 | €6,469,931 | €7,441,457 | +€971,526 | +15.0% |
| Amounts receivable within one year | 40/41 | €5,293,214 | €5,189,002 | -€104,212 | -2.0% |
| Trade receivables | 40 | €5,293,214 | €4,548,653 | -€744,561 | -14.1% |
| Other amounts receivable | 41 | - | €640,349 | +€640,349 | |
| Cash at bank and in hand | 54/58 | €189,923 | €341,568 | +€151,645 | +79.8% |
| Deferred charges and accrued income | 490/1 | €182,261 | €200,733 | +€18,472 | +10.1% |
| Total equity and liabilities | 10/49 | €13,285,341 | €14,165,362 | +€880,021 | +6.6% |
| Equity | 10/15 | €929,144 | €1,922,546 | +€993,402 | +107% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €867,644 | €1,861,046 | +€993,402 | +114% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €861,494 | €1,854,896 | +€993,402 | +115% |
| Amounts payable | 17/49 | €12,356,197 | €12,242,816 | -€113,381 | -0.9% |
| Amounts payable after more than one year | 17 | €705,517 | €651,177 | -€54,340 | -7.7% |
| Financial debts | 170/4 | €705,517 | €651,177 | -€54,340 | -7.7% |
| Other loans | 174 | €705,517 | €651,177 | -€54,340 | -7.7% |
| Amounts payable within one year | 42/48 | €11,650,680 | €11,591,639 | -€59,041 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €517,000 | €71,748 | -€445,252 | -86.1% |
| Financial debts | 43 | €2,380,192 | €3,223,849 | +€843,657 | +35.4% |
| Credit institutions | 430/8 | €2,300,639 | €3,223,849 | +€923,210 | +40.1% |
| Other loans | 439 | €79,553 | - | -€79,553 | |
| Trade debts | 44 | €4,843,085 | €3,188,978 | -€1.7m | -34.2% |
| Suppliers | 440/4 | €4,843,085 | €3,188,978 | -€1.7m | -34.2% |
| Advances received on contracts in progress | 46 | €2,605,787 | €3,591,051 | +€985,264 | +37.8% |
| Taxes, remuneration and social security | 45 | €1,303,543 | €1,514,940 | +€211,397 | +16.2% |
| Taxes | 450/3 | €339,931 | €163,769 | -€176,162 | -51.8% |
| Remuneration and social security | 454/9 | €963,612 | €1,351,171 | +€387,559 | +40.2% |
| Other amounts payable | 47/48 | €1,073 | €1,073 | = | 0.0% |
| Operating income | 70/76A | €35,499,215 | €32,373,509 | -€3.1m | -8.8% |
| Turnover | 70 | €33,366,931 | €30,750,311 | -€2.6m | -7.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,470,862 | €971,526 | -€499,336 | -33.9% |
| Other operating income | 74 | €661,422 | €651,672 | -€9,750 | -1.5% |
| Operating charges | 60/66A | €35,134,674 | €30,632,233 | -€4.5m | -12.8% |
| Goods for resale, raw materials and consumables | 60 | €17,696,236 | €14,863,146 | -€2.8m | -16.0% |
| Purchases | 600/8 | €17,696,236 | €14,863,146 | -€2.8m | -16.0% |
| Services and other goods | 61 | €6,515,521 | €5,472,928 | -€1.0m | -16.0% |
| Remuneration, social security and pensions | 62 | €9,847,303 | €9,133,059 | -€714,244 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,068 | €177,168 | +€11,100 | +6.7% |
| Other operating charges | 640/8 | €909,546 | €985,932 | +€76,386 | +8.4% |
| Operating profit (loss) | 9901 | €364,541 | €1,741,276 | +€1.4m | +378% |
| Financial income | 75/76B | €1,723 | €951 | -€772 | -44.8% |
| Recurring financial income | 75 | €1,723 | €951 | -€772 | -44.8% |
| Other financial income | 752/9 | €1,723 | €951 | -€772 | -44.8% |
| Financial charges | 65/66B | €225,843 | €284,959 | +€59,116 | +26.2% |
| Recurring financial charges | 65 | €225,843 | €284,959 | +€59,116 | +26.2% |
| Debt charges | 650 | €215,985 | €268,346 | +€52,361 | +24.2% |
| Other financial charges | 652/9 | €9,858 | €16,613 | +€6,755 | +68.5% |
| Profit (loss) for the period before taxes | 9903 | €140,421 | €1,457,268 | +€1.3m | +938% |
| Income taxes | 67/77 | €108,296 | €463,866 | +€355,570 | +328% |
| Taxes | 670/3 | €108,296 | €463,866 | +€355,570 | +328% |
| Profit (loss) for the period | 9904 | €32,125 | €993,402 | +€961,277 | +2,992% |
| Profit (loss) for the period to be appropriated | 9905 | €32,125 | €993,402 | +€961,277 | +2,992% |
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 13 October 2026 via checked.be.