ECS BELGIUM: what changed
ECS BELGIUM
Largest movements
- Cash -€4,051
down €4,051 (-82.9%), from €4,887 to €837
mainly Other debts (-€13,454) and Receivables within one year (-€2,579)
- Receivables within one year +€2,579
up €2,579 (+14.5%), from €17,813 to €20,392
of which Other amounts receivable: +€4,655
- Tangible fixed assets -€2,448
down €2,448 (-25.9%), from €9,460 to €7,013
- Other debts -€13,454
down €13,454 (-60.7%), from €22,167 to €8,714
- Trade debts +€4,426
up €4,426 (+383%), from €1,155 to €5,580
- Profit (loss) carried forward +€4,244
up €4,244 (+161%), from €2,638 to €6,882
- Tax, wage and social debts +€865
new in 2025: €865
- Purchases and services -€1,858
down €1,858 (-2.2%), from €83,464 to €81,606
- Gross operating margin -€864
down €864 (-8.3%), from €10,390 to €9,526
- Taxes +€848
new in 2025: €848
- Other operating charges +€713
up €713 (+58.1%), from €1,227 to €1,941
- Depreciation +€536
up €536 (+28.0%), from €1,912 to €2,448
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,161 | €28,241 | -€3,919 | -12.2% |
| Fixed assets | 21/28 | €9,460 | €7,013 | -€2,448 | -25.9% |
| Tangible fixed assets | 22/27 | €9,460 | €7,013 | -€2,448 | -25.9% |
| Furniture and vehicles | 24 | €9,460 | €7,013 | -€2,448 | -25.9% |
| Current assets | 29/58 | €22,700 | €21,229 | -€1,471 | -6.5% |
| Amounts receivable within one year | 40/41 | €17,813 | €20,392 | +€2,579 | +14.5% |
| Trade receivables | 40 | €14,176 | €12,099 | -€2,076 | -14.6% |
| Other amounts receivable | 41 | €3,637 | €8,293 | +€4,655 | +128% |
| Cash at bank and in hand | 54/58 | €4,887 | €837 | -€4,051 | -82.9% |
| Total equity and liabilities | 10/49 | €32,161 | €28,241 | -€3,919 | -12.2% |
| Equity | 10/15 | €8,838 | €13,082 | +€4,244 | +48.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,638 | €6,882 | +€4,244 | +161% |
| Amounts payable | 17/49 | €23,322 | €15,159 | -€8,163 | -35.0% |
| Amounts payable within one year | 42/48 | €23,322 | €15,159 | -€8,163 | -35.0% |
| Trade debts | 44 | €1,155 | €5,580 | +€4,426 | +383% |
| Suppliers | 440/4 | €1,155 | €5,580 | +€4,426 | +383% |
| Taxes, remuneration and social security | 45 | - | €865 | +€865 | |
| Taxes | 450/3 | - | €865 | +€865 | |
| Other amounts payable | 47/48 | €22,167 | €8,714 | -€13,454 | -60.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €83,464 | €81,606 | -€1,858 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,912 | €2,448 | +€536 | +28.0% |
| Other operating charges | 640/8 | €1,227 | €1,941 | +€713 | +58.1% |
| Gross operating margin | 9900 | €10,390 | €9,526 | -€864 | -8.3% |
| Operating profit (loss) | 9901 | €7,251 | €5,138 | -€2,112 | -29.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €112 | €46 | -€66 | -58.7% |
| Recurring financial charges | 65 | €112 | €46 | -€66 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €7,139 | €5,092 | -€2,047 | -28.7% |
| Income taxes | 67/77 | - | €848 | +€848 | |
| Profit (loss) for the period | 9904 | €7,139 | €4,244 | -€2,895 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,139 | €4,244 | -€2,895 | -40.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.