ECS-TECH: 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.
ECS-TECH
Largest movements
- Receivables within one year -€102,385
down €102,385 (-38.0%), from €269,371 to €166,987
of which Trade receivables: -€119,951
- Cash +€61,329
up €61,329 (+482%), from €12,714 to €74,043
mainly Receivables within one year (+€102,385) and Other debts (+€46,656)
- Tangible fixed assets -€3,729
down €3,729 (-16.9%), from €22,080 to €18,351
of which Furniture and vehicles: -€6,347
- Financial fixed assets -€3,600
down €3,600 (-78.3%), from €4,600 to €1,000
- Trade debts -€73,769
down €73,769 (-62.5%), from €117,944 to €44,175
- Other debts +€46,656
up €46,656 (+212%), from €21,988 to €68,644
- Profit (loss) carried forward -€14,351
down €14,351 (-18.7%), from €76,659 to €62,308
- Debts after one year -€5,813
no longer reported in 2024 (was €5,813)
- Gross operating margin -€90,356
down €90,356 (-31.8%), from €284,481 to €194,125
- Staff costs -€90,228
down €90,228 (-44.7%), from €201,743 to €111,515
- Taxes +€6,807
up €6,807 (+33.0%), from €20,630 to €27,437
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €313,366 | €263,660 | -€49,706 | -15.9% |
| Fixed assets | 21/28 | €26,680 | €19,351 | -€7,329 | -27.5% |
| Tangible fixed assets | 22/27 | €22,080 | €18,351 | -€3,729 | -16.9% |
| Plant, machinery and equipment | 23 | €1,030 | €3,895 | +€2,865 | +278% |
| Furniture and vehicles | 24 | €20,369 | €14,023 | -€6,347 | -31.2% |
| Other tangible fixed assets | 26 | €681 | €434 | -€248 | -36.4% |
| Financial fixed assets | 28 | €4,600 | €1,000 | -€3,600 | -78.3% |
| Current assets | 29/58 | €286,685 | €244,309 | -€42,376 | -14.8% |
| Amounts receivable within one year | 40/41 | €269,371 | €166,987 | -€102,385 | -38.0% |
| Trade receivables | 40 | €269,371 | €149,421 | -€119,951 | -44.5% |
| Other amounts receivable | 41 | - | €17,566 | +€17,566 | |
| Cash at bank and in hand | 54/58 | €12,714 | €74,043 | +€61,329 | +482% |
| Deferred charges and accrued income | 490/1 | €4,600 | €3,280 | -€1,320 | -28.7% |
| Total equity and liabilities | 10/49 | €313,366 | €263,660 | -€49,706 | -15.9% |
| Equity | 10/15 | €105,519 | €91,168 | -€14,351 | -13.6% |
| Contributions | 10/11 | €7,600 | €7,600 | = | 0.0% |
| Reserves | 13 | €21,260 | €21,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,260 | €1,260 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,260 | €1,260 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,659 | €62,308 | -€14,351 | -18.7% |
| Amounts payable | 17/49 | €207,846 | €172,492 | -€35,355 | -17.0% |
| Amounts payable after more than one year | 17 | €5,813 | - | -€5,813 | |
| Financial debts | 170/4 | €5,813 | - | -€5,813 | |
| Amounts payable within one year | 42/48 | €202,034 | €172,492 | -€29,542 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €7,407 | €6,258 | -€1,149 | -15.5% |
| Financial debts | 43 | €186 | - | -€186 | |
| Credit institutions | 430/8 | €186 | - | -€186 | |
| Trade debts | 44 | €117,944 | €44,175 | -€73,769 | -62.5% |
| Suppliers | 440/4 | €117,944 | €44,175 | -€73,769 | -62.5% |
| Taxes, remuneration and social security | 45 | €54,508 | €53,415 | -€1,093 | -2.0% |
| Taxes | 450/3 | €40,975 | €32,991 | -€7,984 | -19.5% |
| Remuneration and social security | 454/9 | €13,534 | €20,424 | +€6,890 | +50.9% |
| Other amounts payable | 47/48 | €21,988 | €68,644 | +€46,656 | +212% |
| Non-recurring operating income | 76A | - | €300 | +€300 | |
| Remuneration, social security and pensions | 62 | €201,743 | €111,515 | -€90,228 | -44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,770 | €13,018 | -€1,752 | -11.9% |
| Other operating charges | 640/8 | €6,068 | €5,391 | -€676 | -11.1% |
| Gross operating margin | 9900 | €284,481 | €194,125 | -€90,356 | -31.8% |
| Operating profit (loss) | 9901 | €61,900 | €64,201 | +€2,300 | +3.7% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €1,435 | €1,535 | +€99 | +6.9% |
| Recurring financial charges | 65 | €1,435 | €1,535 | +€99 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €60,471 | €62,666 | +€2,195 | +3.6% |
| Income taxes | 67/77 | €20,630 | €27,437 | +€6,807 | +33.0% |
| Profit (loss) for the period | 9904 | €39,841 | €35,229 | -€4,612 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,841 | €35,229 | -€4,612 | -11.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.