ECSVUURVAST: 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.
ECSVUURVAST
Largest movements
- Cash +€293,566
up €293,566 (+394%), from €74,488 to €368,054
mainly Receivables within one year (+€235,329) and Trade debts (+€192,536)
- Receivables within one year -€235,329
down €235,329 (-26.5%), from €886,716 to €651,387
of which Trade receivables: -€233,486
- Stocks and contracts +€226,625
up €226,625, from €0 to €226,625
- Trade debts +€192,536
up €192,536 (+1,471%), from €13,092 to €205,627
- Reserves +€121,715
up €121,715 (+12.8%), from €947,539 to €1.1m
- Tax, wage and social debts -€17,942
down €17,942 (-53.1%), from €33,770 to €15,827
- Gross operating margin -€68,783
down €68,783 (-26.9%), from €255,970 to €187,187
- Taxes -€17,942
down €17,942 (-22.5%), from €79,770 to €61,827
- Financial charges -€9,056
down €9,056 (-91.7%), from €9,872 to €816
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.
Derived cash bridge
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 | €1,035,891 | €1,319,364 | +€283,473 | +27.4% |
| Fixed assets | 21/28 | €72,601 | €72,496 | -€106 | -0.1% |
| Tangible fixed assets | 22/27 | €1,201 | €1,096 | -€106 | -8.8% |
| Furniture and vehicles | 24 | €51 | €995 | +€944 | +1,858% |
| Other tangible fixed assets | 26 | €1,151 | €101 | -€1,050 | -91.2% |
| Financial fixed assets | 28 | €71,400 | €71,400 | = | 0.0% |
| Current assets | 29/58 | €963,289 | €1,246,868 | +€283,579 | +29.4% |
| Stocks and contracts in progress | 3 | €0 | €226,625 | +€226,625 | |
| Contracts in progress | 37 | €0 | €226,625 | +€226,625 | |
| Amounts receivable within one year | 40/41 | €886,716 | €651,387 | -€235,329 | -26.5% |
| Trade receivables | 40 | €859,089 | €625,603 | -€233,486 | -27.2% |
| Other amounts receivable | 41 | €27,626 | €25,784 | -€1,843 | -6.7% |
| Cash at bank and in hand | 54/58 | €74,488 | €368,054 | +€293,566 | +394% |
| Deferred charges and accrued income | 490/1 | €2,086 | €802 | -€1,283 | -61.5% |
| Total equity and liabilities | 10/49 | €1,035,891 | €1,319,364 | +€283,473 | +27.4% |
| Equity | 10/15 | €972,539 | €1,094,254 | +€121,715 | +12.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €947,539 | €1,069,254 | +€121,715 | +12.8% |
| Distributable reserves | 133 | €947,539 | €1,069,254 | +€121,715 | +12.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €63,351 | €225,110 | +€161,759 | +255% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €53,653 | €223,927 | +€170,273 | +317% |
| Trade debts | 44 | €13,092 | €205,627 | +€192,536 | +1,471% |
| Suppliers | 440/4 | €13,092 | €205,627 | +€192,536 | +1,471% |
| Taxes, remuneration and social security | 45 | €33,770 | €15,827 | -€17,942 | -53.1% |
| Taxes | 450/3 | €33,770 | €15,827 | -€17,942 | -53.1% |
| Other amounts payable | 47/48 | €6,792 | €2,472 | -€4,320 | -63.6% |
| Accrued charges and deferred income | 492/3 | €9,698 | €1,183 | -€8,515 | -87.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,580 | €1,191 | -€389 | -24.6% |
| Other operating charges | 640/8 | €3,020 | €1,671 | -€1,348 | -44.6% |
| Gross operating margin | 9900 | €255,970 | €187,187 | -€68,783 | -26.9% |
| Operating profit (loss) | 9901 | €251,371 | €184,325 | -€67,046 | -26.7% |
| Financial income | 75/76B | €14 | €33 | +€19 | +141% |
| Recurring financial income | 75 | €14 | €33 | +€19 | +141% |
| Financial charges | 65/66B | €9,872 | €816 | -€9,056 | -91.7% |
| Recurring financial charges | 65 | €9,872 | €816 | -€9,056 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | €241,513 | €183,542 | -€57,971 | -24.0% |
| Income taxes | 67/77 | €79,770 | €61,827 | -€17,942 | -22.5% |
| Profit (loss) for the period | 9904 | €161,743 | €121,715 | -€40,028 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €161,743 | €121,715 | -€40,028 | -24.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.