ECSES: 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.
ECSES
Largest movements
- Tangible fixed assets -€11,976
down €11,976 (-54.9%), from €21,798 to €9,821
of which Furniture and vehicles: -€11,129
- Receivables within one year +€9,421
up €9,421 (+109.8%), from €8,583 to €18,004
of which Trade receivables: +€7,068
- Deferred charges and accrued income -€4,281
down €4,281 (-85.6%), from €5,000 to €719
- Cash +€1,231
new in 2025: €1,231
mainly Depreciation (+€12,861) and Tax, wage and social debts (+€5,375)
- Other debts -€8,068
down €8,068 (-100.0%), from €8,068 to €0
- Tax, wage and social debts +€5,375
up €5,375 (+104.9%), from €5,127 to €10,502
- Profit (loss) carried forward +€4,632
up €4,632 (+32.2%), from -€14,373 to -€9,741
- Current portion of long-term debt -€4,081
down €4,081 (-100.0%), from €4,081 to €0
- Short-term financial debts -€3,414
down €3,414 (-82.6%), from €4,130 to €717
- Gross operating margin +€7,430
up €7,430 (+45.3%), from €16,396 to €23,826
- Taxes +€2,780
up €2,780 (+213.9%), from €1,300 to €4,080
- Depreciation -€337
down €337 (-2.6%), from €13,198 to €12,861
- Other operating charges +€334
up €334 (+37.4%), from €892 to €1,226
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 | €35,625 | €30,020 | -€5,606 | -15.7% |
| Fixed assets | 21/28 | €22,043 | €10,066 | -€11,976 | -54.3% |
| Tangible fixed assets | 22/27 | €21,798 | €9,821 | -€11,976 | -54.9% |
| Furniture and vehicles | 24 | €15,555 | €4,426 | -€11,129 | -71.5% |
| Other tangible fixed assets | 26 | €6,243 | €5,396 | -€847 | -13.6% |
| Financial fixed assets | 28 | €245 | €245 | = | 0.0% |
| Current assets | 29/58 | €13,583 | €19,954 | +€6,371 | +46.9% |
| Amounts receivable within one year | 40/41 | €8,583 | €18,004 | +€9,421 | +109.8% |
| Trade receivables | 40 | €8,583 | €15,651 | +€7,068 | +82.4% |
| Other amounts receivable | 41 | - | €2,353 | +€2,353 | |
| Cash at bank and in hand | 54/58 | - | €1,231 | +€1,231 | |
| Deferred charges and accrued income | 490/1 | €5,000 | €719 | -€4,281 | -85.6% |
| Total equity and liabilities | 10/49 | €35,625 | €30,020 | -€5,606 | -15.7% |
| Equity | 10/15 | €6,320 | €10,952 | +€4,632 | +73.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,093 | €2,093 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,093 | €2,093 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,093 | €2,093 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,373 | -€9,741 | +€4,632 | +32.2% |
| Amounts payable | 17/49 | €29,305 | €19,068 | -€10,237 | -34.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €28,574 | €18,180 | -€10,393 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €4,081 | €0 | -€4,081 | -100.0% |
| Financial debts | 43 | €4,130 | €717 | -€3,414 | -82.6% |
| Credit institutions | 430/8 | €4,130 | €717 | -€3,414 | -82.6% |
| Trade debts | 44 | €5,304 | €6,962 | +€1,658 | +31.3% |
| Suppliers | 440/4 | €5,304 | €6,962 | +€1,658 | +31.3% |
| Advances received on contracts in progress | 46 | €1,863 | €0 | -€1,863 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,127 | €10,502 | +€5,375 | +104.9% |
| Taxes | 450/3 | €5,127 | €10,502 | +€5,375 | +104.9% |
| Other amounts payable | 47/48 | €8,068 | €0 | -€8,068 | -100.0% |
| Accrued charges and deferred income | 492/3 | €732 | €888 | +€156 | +21.3% |
| Non-recurring operating income | 76A | - | €802 | +€802 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,198 | €12,861 | -€337 | -2.6% |
| Other operating charges | 640/8 | €892 | €1,226 | +€334 | +37.4% |
| Gross operating margin | 9900 | €16,396 | €23,826 | +€7,430 | +45.3% |
| Operating profit (loss) | 9901 | €2,306 | €9,739 | +€7,433 | +322.4% |
| Financial income | 75/76B | - | €61 | +€61 | |
| Recurring financial income | 75 | - | €61 | +€61 | |
| Financial charges | 65/66B | €857 | €1,089 | +€232 | +27.1% |
| Recurring financial charges | 65 | €857 | €1,089 | +€232 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €1,449 | €8,711 | +€7,262 | +501.1% |
| Income taxes | 67/77 | €1,300 | €4,080 | +€2,780 | +213.9% |
| Profit (loss) for the period | 9904 | €150 | €4,632 | +€4,482 | +2992.1% |
| Profit (loss) for the period to be appropriated | 9905 | €150 | €4,632 | +€4,482 | +2992.1% |
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 8 October 2026 via checked.be.