ECS: what changed
Two fiscal 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.
ECS
Largest movements
- Tangible fixed assets -€26,312
down €26,312 (-8.3%), from €317,979 to €291,667
of which Land and buildings: -€25,793
- Current investments +€20,267
new in 2025: €20,267
- Cash -€10,118
no longer reported in 2025 (was €10,118)
mainly Current investments (-€20,267) and Current portion of long-term debt (-€10,779)
- Receivables within one year +€5,408
up €5,408 (+318.1%), from €1,700 to €7,108
of which Trade receivables: +€5,608
- Current portion of long-term debt -€10,779
down €10,779 (-65.8%), from €16,372 to €5,592
- Other debts +€7,900
up €7,900 (+6.9%), from €114,825 to €122,726
- Debts after one year -€5,592
down €5,592 (-85.0%), from €6,582 to €990
of which Financial debts: -€6,582
- Trade debts -€4,936
no longer reported in 2025 (was €4,936)
- Gross operating margin +€2,662
up €2,662 (+9.5%), from €27,999 to €30,661
- Financial charges -€466
down €466 (-36.5%), from €1,276 to €810
- Taxes +€454
up €454 (+87.5%), from €519 to €972
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 | €329,798 | €319,043 | -€10,755 | -3.3% |
| Fixed assets | 21/28 | €317,979 | €291,667 | -€26,312 | -8.3% |
| Tangible fixed assets | 22/27 | €317,979 | €291,667 | -€26,312 | -8.3% |
| Land and buildings | 22 | €315,695 | €289,902 | -€25,793 | -8.2% |
| Plant, machinery and equipment | 23 | €2,284 | €1,766 | -€519 | -22.7% |
| Current assets | 29/58 | €11,818 | €27,375 | +€15,557 | +131.6% |
| Amounts receivable within one year | 40/41 | €1,700 | €7,108 | +€5,408 | +318.1% |
| Trade receivables | 40 | - | €5,608 | +€5,608 | |
| Other amounts receivable | 41 | €1,700 | €1,500 | -€200 | -11.8% |
| Current investments | 50/53 | - | €20,267 | +€20,267 | |
| Cash at bank and in hand | 54/58 | €10,118 | - | -€10,118 | |
| Total equity and liabilities | 10/49 | €329,798 | €319,043 | -€10,755 | -3.3% |
| Equity | 10/15 | €115,060 | €115,742 | +€682 | +0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,130 | €100,130 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €98,270 | €100,130 | +€1,860 | +1.9% |
| Profit (loss) carried forward | 14 | €8,730 | €9,412 | +€682 | +7.8% |
| Provisions and deferred taxes | 16 | €69,154 | €69,154 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €69,154 | €69,154 | = | 0.0% |
| Pensions and similar obligations | 160 | €69,154 | €69,154 | = | 0.0% |
| Amounts payable | 17/49 | €145,584 | €134,147 | -€11,437 | -7.9% |
| Amounts payable after more than one year | 17 | €6,582 | €990 | -€5,592 | -85.0% |
| Financial debts | 170/4 | €6,582 | - | -€6,582 | |
| Other amounts payable | 178/9 | - | €990 | +€990 | |
| Amounts payable within one year | 42/48 | €139,002 | €133,157 | -€5,845 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €16,372 | €5,592 | -€10,779 | -65.8% |
| Trade debts | 44 | €4,936 | - | -€4,936 | |
| Suppliers | 440/4 | €4,936 | - | -€4,936 | |
| Taxes, remuneration and social security | 45 | €2,869 | €4,839 | +€1,970 | +68.7% |
| Taxes | 450/3 | €2,869 | €4,839 | +€1,970 | +68.7% |
| Other amounts payable | 47/48 | €114,825 | €122,726 | +€7,900 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,119 | €26,312 | +€193 | +0.7% |
| Other operating charges | 640/8 | €2,057 | €1,886 | -€171 | -8.3% |
| Gross operating margin | 9900 | €27,999 | €30,661 | +€2,662 | +9.5% |
| Operating profit (loss) | 9901 | -€177 | €2,463 | +€2,640 | |
| Financial income | 75/76B | €187 | €1 | -€185 | -99.3% |
| Recurring financial income | 75 | €187 | €1 | -€185 | -99.3% |
| Financial charges | 65/66B | €1,276 | €810 | -€466 | -36.5% |
| Recurring financial charges | 65 | €1,276 | €810 | -€466 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,267 | €1,655 | +€2,921 | |
| Income taxes | 67/77 | €519 | €972 | +€454 | +87.5% |
| Profit (loss) for the period | 9904 | -€1,785 | €682 | +€2,468 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,785 | €682 | +€2,468 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.