ECREOS: 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.
ECREOS
Largest movements
- Receivables within one year +€146,751
up €146,751 (+43.7%), from €336,113 to €482,864
of which Other amounts receivable: +€104,725
- Profit (loss) carried forward +€88,297
no longer reported in 2025 (was -€88,297)
- Other debts -€45,000
down €45,000 (-15.4%), from €291,741 to €246,741
- Advances received +€41,735
up €41,735 (+115%), from €36,300 to €78,035
- Tax, wage and social debts +€39,077
up €39,077 (+894%), from €4,371 to €43,448
- Reserves +€29,358
up €29,358 (+53.2%), from €55,193 to €84,551
- Gross operating margin +€128,461
up €128,461 (+1,338%), from €9,603 to €138,064
- Taxes +€17,551
new in 2025: €17,551
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 | €345,073 | €493,288 | +€148,215 | +43.0% |
| Fixed assets | 21/28 | €1,423 | €854 | -€569 | -40.0% |
| Tangible fixed assets | 22/27 | €1,423 | €854 | -€569 | -40.0% |
| Furniture and vehicles | 24 | €1,423 | €854 | -€569 | -40.0% |
| Current assets | 29/58 | €343,650 | €492,434 | +€148,784 | +43.3% |
| Amounts receivable within one year | 40/41 | €336,113 | €482,864 | +€146,751 | +43.7% |
| Trade receivables | 40 | €12,465 | €54,492 | +€42,027 | +337% |
| Other amounts receivable | 41 | €323,648 | €428,372 | +€104,725 | +32.4% |
| Cash at bank and in hand | 54/58 | €7,537 | €9,570 | +€2,033 | +27.0% |
| Total equity and liabilities | 10/49 | €345,073 | €493,288 | +€148,215 | +43.0% |
| Equity | 10/15 | -€14,554 | €103,101 | +€117,656 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €55,193 | €84,551 | +€29,358 | +53.2% |
| Distributable reserves | 133 | €55,193 | €84,551 | +€29,358 | +53.2% |
| Profit (loss) carried forward | 14 | -€88,297 | - | +€88,297 | |
| Amounts payable | 17/49 | €359,627 | €390,187 | +€30,560 | +8.5% |
| Amounts payable within one year | 42/48 | €359,627 | €390,187 | +€30,560 | +8.5% |
| Trade debts | 44 | €27,216 | €21,963 | -€5,252 | -19.3% |
| Suppliers | 440/4 | €27,216 | €21,963 | -€5,252 | -19.3% |
| Advances received on contracts in progress | 46 | €36,300 | €78,035 | +€41,735 | +115% |
| Taxes, remuneration and social security | 45 | €4,371 | €43,448 | +€39,077 | +894% |
| Taxes | 450/3 | €4,371 | €43,448 | +€39,077 | +894% |
| Other amounts payable | 47/48 | €291,741 | €246,741 | -€45,000 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €285 | €569 | +€285 | +100% |
| Other operating charges | 640/8 | €1,069 | €1,275 | +€206 | +19.2% |
| Gross operating margin | 9900 | €9,603 | €138,064 | +€128,461 | +1,338% |
| Operating profit (loss) | 9901 | €8,249 | €136,220 | +€127,971 | +1,551% |
| Financial income | 75/76B | €26 | €0 | -€26 | -99.9% |
| Recurring financial income | 75 | €26 | €0 | -€26 | -99.9% |
| Financial charges | 65/66B | €1,261 | €1,014 | -€247 | -19.6% |
| Recurring financial charges | 65 | €1,261 | €1,014 | -€247 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €7,014 | €135,206 | +€128,192 | +1,828% |
| Income taxes | 67/77 | - | €17,551 | +€17,551 | |
| Profit (loss) for the period | 9904 | €7,014 | €117,656 | +€110,641 | +1,577% |
| Profit (loss) for the period to be appropriated | 9905 | €7,014 | €117,656 | +€110,641 | +1,577% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.