ECS-SECURITY: 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-SECURITY
Largest movements
- Tangible fixed assets +€39,782
up €39,782 (+735.2%), from €5,411 to €45,194
of which Leasing and similar rights: +€40,386
- Cash -€23,524
down €23,524 (-75.6%), from €31,098 to €7,574
mainly Investment in fixed assets (net) (-€46,450) and Contributions, distributions and other (-€27,000)
- Receivables within one year -€6,714
down €6,714 (-36.2%), from €18,569 to €11,855
of which Trade receivables: -€6,733
- Deferred charges and accrued income +€4,949
up €4,949 (+832.1%), from €595 to €5,543
- Stocks and contracts +€917
up €917 (+20.7%), from €4,437 to €5,354
- Debts after one year +€29,949
new in 2025: €29,949
- Reserves -€23,593
down €23,593 (-82.4%), from €28,636 to €5,043
- Current portion of long-term debt +€5,915
new in 2025: €5,915
- Other debts +€1,883
up €1,883 (+9.9%), from €19,076 to €20,959
- Accrued charges and deferred income +€1,092
new in 2025: €1,092
- Gross operating margin -€15,685
down €15,685 (-54.1%), from €28,975 to €13,290
- Taxes -€4,649
down €4,649 (-84.2%), from €5,519 to €869
- Depreciation +€2,686
up €2,686 (+65.8%), from €4,081 to €6,766
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 | €60,209 | €75,520 | +€15,311 | +25.4% |
| Fixed assets | 21/28 | €5,510 | €45,194 | +€39,684 | +720.2% |
| Intangible fixed assets | 21 | €99 | €0 | -€99 | -100.0% |
| Tangible fixed assets | 22/27 | €5,411 | €45,194 | +€39,782 | +735.2% |
| Plant, machinery and equipment | 23 | €2,874 | €1,916 | -€958 | -33.3% |
| Furniture and vehicles | 24 | €2,066 | €2,741 | +€675 | +32.7% |
| Leasing and similar rights | 25 | - | €40,386 | +€40,386 | |
| Other tangible fixed assets | 26 | €471 | €151 | -€320 | -68.0% |
| Current assets | 29/58 | €54,699 | €30,326 | -€24,373 | -44.6% |
| Stocks and contracts in progress | 3 | €4,437 | €5,354 | +€917 | +20.7% |
| Stocks | 30/36 | €4,437 | €5,354 | +€917 | +20.7% |
| Amounts receivable within one year | 40/41 | €18,569 | €11,855 | -€6,714 | -36.2% |
| Trade receivables | 40 | €17,597 | €10,864 | -€6,733 | -38.3% |
| Other amounts receivable | 41 | €972 | €990 | +€18 | +1.9% |
| Cash at bank and in hand | 54/58 | €31,098 | €7,574 | -€23,524 | -75.6% |
| Deferred charges and accrued income | 490/1 | €595 | €5,543 | +€4,949 | +832.1% |
| Total equity and liabilities | 10/49 | €60,209 | €75,520 | +€15,311 | +25.4% |
| Equity | 10/15 | €29,636 | €6,043 | -€23,593 | -79.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €28,636 | €5,043 | -€23,593 | -82.4% |
| Distributable reserves | 133 | €28,636 | €5,043 | -€23,593 | -82.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €30,573 | €69,477 | +€38,904 | +127.2% |
| Amounts payable after more than one year | 17 | - | €29,949 | +€29,949 | |
| Financial debts | 170/4 | - | €29,949 | +€29,949 | |
| Amounts payable within one year | 42/48 | €30,573 | €38,436 | +€7,862 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,915 | +€5,915 | |
| Financial debts | 43 | €1,866 | €1,857 | -€9 | -0.5% |
| Credit institutions | 430/8 | €1,866 | €1,857 | -€9 | -0.5% |
| Trade debts | 44 | €3,465 | €3,205 | -€260 | -7.5% |
| Suppliers | 440/4 | €3,465 | €3,205 | -€260 | -7.5% |
| Taxes, remuneration and social security | 45 | €6,167 | €6,500 | +€333 | +5.4% |
| Taxes | 450/3 | €6,167 | €6,500 | +€333 | +5.4% |
| Other amounts payable | 47/48 | €19,076 | €20,959 | +€1,883 | +9.9% |
| Accrued charges and deferred income | 492/3 | - | €1,092 | +€1,092 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,081 | €6,766 | +€2,686 | +65.8% |
| Other operating charges | 640/8 | €763 | €925 | +€161 | +21.1% |
| Gross operating margin | 9900 | €28,975 | €13,290 | -€15,685 | -54.1% |
| Operating profit (loss) | 9901 | €24,131 | €5,599 | -€18,532 | -76.8% |
| Financial income | 75/76B | €63 | €20 | -€43 | -68.1% |
| Recurring financial income | 75 | €63 | €20 | -€43 | -68.1% |
| Financial charges | 65/66B | €1,286 | €1,342 | +€56 | +4.3% |
| Recurring financial charges | 65 | €1,286 | €1,342 | +€56 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €22,907 | €4,277 | -€18,630 | -81.3% |
| Income taxes | 67/77 | €5,519 | €869 | -€4,649 | -84.2% |
| Profit (loss) for the period | 9904 | €17,389 | €3,407 | -€13,981 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,389 | €3,407 | -€13,981 | -80.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.