ECS Solutions: what changed
ECS Solutions
Largest movements
- Cash -€35,976
down €35,976 (-93.8%), from €38,360 to €2,384
mainly Net result for the year (-€27,732) and Tax, wage and social debts (-€12,363)
- Tangible fixed assets -€13,421
down €13,421 (-27.4%), from €49,062 to €35,640
of which Furniture and vehicles: -€10,742
- Receivables within one year +€8,198
up €8,198 (+18.2%), from €45,032 to €53,229
of which Trade receivables: +€9,940
- Stocks and contracts +€3,318
up €3,318 (+13.2%), from €25,198 to €28,516
- Deferred charges and accrued income -€2,592
down €2,592 (-31.3%), from €8,292 to €5,700
- Reserves -€27,732
down €27,732 (-24.1%), from €115,053 to €87,321
- Tax, wage and social debts -€12,363
down €12,363 (-86.9%), from €14,219 to €1,856
of which Remuneration and social security: -€8,910
- Trade debts +€4,501
up €4,501 (+31.3%), from €14,401 to €18,902
- Other debts -€3,298
no longer reported in 2024 (was €3,298)
- Gross operating margin -€114,652
down €114,652 (-54.8%), from €209,327 to €94,675
- Staff costs -€55,659
down €55,659 (-35.0%), from €159,115 to €103,456
- Taxes -€9,856
no longer reported in 2024 (was €9,856)
- Financial charges +€4,678
up €4,678 (+1,285%), from €364 to €5,042
of which Non-recurring financial charges: +€3,841
- Other operating charges +€2,391
up €2,391 (+163%), from €1,462 to €3,853
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,554 | €128,079 | -€40,475 | -24.0% |
| Fixed assets | 21/28 | €51,672 | €38,250 | -€13,421 | -26.0% |
| Tangible fixed assets | 22/27 | €49,062 | €35,640 | -€13,421 | -27.4% |
| Land and buildings | 22 | €21,912 | €20,822 | -€1,091 | -5.0% |
| Plant, machinery and equipment | 23 | €5,413 | €3,825 | -€1,588 | -29.3% |
| Furniture and vehicles | 24 | €21,737 | €10,994 | -€10,742 | -49.4% |
| Financial fixed assets | 28 | €2,610 | €2,610 | = | 0.0% |
| Current assets | 29/58 | €116,882 | €89,829 | -€27,054 | -23.1% |
| Stocks and contracts in progress | 3 | €25,198 | €28,516 | +€3,318 | +13.2% |
| Stocks | 30/36 | €25,198 | €28,516 | +€3,318 | +13.2% |
| Amounts receivable within one year | 40/41 | €45,032 | €53,229 | +€8,198 | +18.2% |
| Trade receivables | 40 | €23,231 | €33,171 | +€9,940 | +42.8% |
| Other amounts receivable | 41 | €21,801 | €20,058 | -€1,743 | -8.0% |
| Cash at bank and in hand | 54/58 | €38,360 | €2,384 | -€35,976 | -93.8% |
| Deferred charges and accrued income | 490/1 | €8,292 | €5,700 | -€2,592 | -31.3% |
| Total equity and liabilities | 10/49 | €168,554 | €128,079 | -€40,475 | -24.0% |
| Equity | 10/15 | €135,053 | €107,321 | -€27,732 | -20.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €115,053 | €87,321 | -€27,732 | -24.1% |
| Distributable reserves | 133 | €115,053 | €87,321 | -€27,732 | -24.1% |
| Amounts payable | 17/49 | €33,501 | €20,758 | -€12,743 | -38.0% |
| Amounts payable within one year | 42/48 | €31,918 | €20,758 | -€11,159 | -35.0% |
| Trade debts | 44 | €14,401 | €18,902 | +€4,501 | +31.3% |
| Suppliers | 440/4 | €14,401 | €18,902 | +€4,501 | +31.3% |
| Taxes, remuneration and social security | 45 | €14,219 | €1,856 | -€12,363 | -86.9% |
| Taxes | 450/3 | €5,308 | €1,856 | -€3,452 | -65.0% |
| Remuneration and social security | 454/9 | €8,910 | - | -€8,910 | |
| Other amounts payable | 47/48 | €3,298 | - | -€3,298 | |
| Accrued charges and deferred income | 492/3 | €1,583 | - | -€1,583 | |
| Remuneration, social security and pensions | 62 | €159,115 | €103,456 | -€55,659 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,889 | €11,900 | -€1,990 | -14.3% |
| Other operating charges | 640/8 | €1,462 | €3,853 | +€2,391 | +163% |
| Non-recurring operating charges | 66A | - | €322 | +€322 | |
| Gross operating margin | 9900 | €209,327 | €94,675 | -€114,652 | -54.8% |
| Operating profit (loss) | 9901 | €34,861 | -€24,855 | -€59,716 | |
| Financial income | 75/76B | €2,602 | €2,165 | -€437 | -16.8% |
| Recurring financial income | 75 | €2,602 | €2,165 | -€437 | -16.8% |
| Financial charges | 65/66B | €364 | €5,042 | +€4,678 | +1,285% |
| Recurring financial charges | 65 | €364 | €1,200 | +€836 | +230% |
| Non-recurring financial charges | 66B | - | €3,841 | +€3,841 | |
| Profit (loss) for the period before taxes | 9903 | €37,098 | -€27,732 | -€64,831 | |
| Income taxes | 67/77 | €9,856 | - | -€9,856 | |
| Profit (loss) for the period | 9904 | €27,242 | -€27,732 | -€54,974 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,242 | -€27,732 | -€54,974 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.