ECOURT-CIRCUIT: 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.
ECOURT-CIRCUIT
Largest movements
- Cash +€10,328
up €10,328 (+249%), from €4,155 to €14,483
mainly Net result for the year (+€28,552) and Depreciation (+€8,606)
- Tangible fixed assets -€8,606
down €8,606 (-5.5%), from €157,810 to €149,204
of which Land and buildings: -€4,399
- Profit (loss) carried forward +€28,552
up €28,552 (+62.2%), from -€45,880 to -€17,328
- Debts after one year -€14,157
down €14,157 (-11.4%), from €123,788 to €109,632
- Trade debts -€13,400
down €13,400 (-37.8%), from €35,427 to €22,027
of which Suppliers: -€18,595
- Other debts +€3,796
up €3,796 (+41.1%), from €9,247 to €13,043
- Gross operating margin +€50,246
up €50,246 (+468%), from €10,739 to €60,984
- Depreciation -€3,732
down €3,732 (-30.2%), from €12,338 to €8,606
- Staff costs +€3,711
up €3,711 (+70.3%), from €5,275 to €8,985
- Taxes -€3,112
down €3,112 (-55.9%), from €5,562 to €2,450
- Other operating charges +€2,950
up €2,950 (+69.7%), from €4,230 to €7,180
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,982 | €212,836 | +€3,854 | +1.8% |
| Fixed assets | 21/28 | €157,810 | €149,204 | -€8,606 | -5.5% |
| Tangible fixed assets | 22/27 | €157,810 | €149,204 | -€8,606 | -5.5% |
| Land and buildings | 22 | €152,623 | €148,224 | -€4,399 | -2.9% |
| Plant, machinery and equipment | 23 | €919 | €495 | -€424 | -46.2% |
| Furniture and vehicles | 24 | €4,268 | €485 | -€3,783 | -88.6% |
| Current assets | 29/58 | €51,172 | €63,632 | +€12,460 | +24.3% |
| Amounts receivable within one year | 40/41 | €32,371 | €32,577 | +€206 | +0.6% |
| Trade receivables | 40 | €22,848 | €22,932 | +€84 | +0.4% |
| Other amounts receivable | 41 | €9,522 | €9,645 | +€122 | +1.3% |
| Cash at bank and in hand | 54/58 | €4,155 | €14,483 | +€10,328 | +249% |
| Deferred charges and accrued income | 490/1 | €14,646 | €16,572 | +€1,926 | +13.1% |
| Total equity and liabilities | 10/49 | €208,982 | €212,836 | +€3,854 | +1.8% |
| Equity | 10/15 | €11,706 | €40,258 | +€28,552 | +244% |
| Contributions | 10/11 | €6,261 | €6,261 | = | 0.0% |
| Reserves | 13 | €51,325 | €51,325 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €49,465 | €49,465 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,880 | -€17,328 | +€28,552 | +62.2% |
| Amounts payable | 17/49 | €197,275 | €172,577 | -€24,698 | -12.5% |
| Amounts payable after more than one year | 17 | €123,788 | €109,632 | -€14,157 | -11.4% |
| Financial debts | 170/4 | €123,788 | €109,632 | -€14,157 | -11.4% |
| Amounts payable within one year | 42/48 | €67,802 | €56,976 | -€10,827 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €15,175 | €14,525 | -€651 | -4.3% |
| Trade debts | 44 | €35,427 | €22,027 | -€13,400 | -37.8% |
| Suppliers | 440/4 | €32,929 | €14,335 | -€18,595 | -56.5% |
| Bills of exchange payable | 441 | €2,498 | €7,693 | +€5,195 | +208% |
| Taxes, remuneration and social security | 45 | €7,953 | €7,381 | -€572 | -7.2% |
| Taxes | 450/3 | €5,534 | €5,412 | -€122 | -2.2% |
| Remuneration and social security | 454/9 | €2,419 | €1,969 | -€450 | -18.6% |
| Other amounts payable | 47/48 | €9,247 | €13,043 | +€3,796 | +41.1% |
| Accrued charges and deferred income | 492/3 | €5,685 | €5,970 | +€285 | +5.0% |
| Non-recurring operating income | 76A | €561 | €3,071 | +€2,510 | +447% |
| Remuneration, social security and pensions | 62 | €5,275 | €8,985 | +€3,711 | +70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,338 | €8,606 | -€3,732 | -30.2% |
| Other operating charges | 640/8 | €4,230 | €7,180 | +€2,950 | +69.7% |
| Non-recurring operating charges | 66A | €76 | - | -€76 | |
| Gross operating margin | 9900 | €10,739 | €60,984 | +€50,246 | +468% |
| Operating profit (loss) | 9901 | -€11,180 | €36,213 | +€47,393 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,791 | €5,210 | +€419 | +8.7% |
| Recurring financial charges | 65 | €4,791 | €5,210 | +€419 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,971 | €31,002 | +€46,973 | |
| Income taxes | 67/77 | €5,562 | €2,450 | -€3,112 | -55.9% |
| Profit (loss) for the period | 9904 | -€21,533 | €28,552 | +€50,085 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,533 | €28,552 | +€50,085 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.