ECT: 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.
ECT
Largest movements
- Cash +€20,304
up €20,304 (+65.5%), from €30,980 to €51,283
mainly Depreciation (+€17,840) and Receivables within one year (+€15,489)
- Receivables within one year -€15,489
down €15,489 (-89.4%), from €17,330 to €1,841
of which Trade receivables: -€10,000
- Tangible fixed assets -€11,590
down €11,590 (-2.6%), from €438,315 to €426,725
of which Land and buildings: -€11,590
- Other debts -€17,050
down €17,050 (-2.0%), from €838,316 to €821,266
- Profit (loss) carried forward +€12,612
up €12,612 (+1.2%), from -€1.1m to -€1.1m
- Trade debts -€6,452
down €6,452 (-93.0%), from €6,935 to €482
- Debts after one year +€5,000
up €5,000 (+0.8%), from €624,617 to €629,617
of which Other amounts payable: +€5,000
- Depreciation -€45,488
down €45,488 (-71.8%), from €63,328 to €17,840
- Financial charges +€5,805
up €5,805, from -€5,644 to €161
- Gross operating margin -€3,509
down €3,509 (-9.4%), from €37,455 to €33,946
- Other operating charges -€1,084
down €1,084 (-24.5%), from €4,417 to €3,333
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 | €487,217 | €480,474 | -€6,743 | -1.4% |
| Fixed assets | 21/28 | €438,315 | €426,725 | -€11,590 | -2.6% |
| Tangible fixed assets | 22/27 | €438,315 | €426,725 | -€11,590 | -2.6% |
| Land and buildings | 22 | €438,315 | €426,725 | -€11,590 | -2.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €48,902 | €53,749 | +€4,846 | +9.9% |
| Amounts receivable within one year | 40/41 | €17,330 | €1,841 | -€15,489 | -89.4% |
| Trade receivables | 40 | €10,268 | €268 | -€10,000 | -97.4% |
| Other amounts receivable | 41 | €7,062 | €1,573 | -€5,489 | -77.7% |
| Cash at bank and in hand | 54/58 | €30,980 | €51,283 | +€20,304 | +65.5% |
| Deferred charges and accrued income | 490/1 | €592 | €624 | +€32 | +5.4% |
| Total equity and liabilities | 10/49 | €487,217 | €480,474 | -€6,743 | -1.4% |
| Equity | 10/15 | -€983,504 | -€970,892 | +€12,612 | +1.3% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,095,056 | -€1,082,444 | +€12,612 | +1.2% |
| Amounts payable | 17/49 | €1,470,721 | €1,451,366 | -€19,355 | -1.3% |
| Amounts payable after more than one year | 17 | €624,617 | €629,617 | +€5,000 | +0.8% |
| Financial debts | 170/4 | €320,000 | €320,000 | = | 0.0% |
| Other amounts payable | 178/9 | €304,617 | €309,617 | +€5,000 | +1.6% |
| Amounts payable within one year | 42/48 | €846,103 | €821,748 | -€24,355 | -2.9% |
| Trade debts | 44 | €6,935 | €482 | -€6,452 | -93.0% |
| Suppliers | 440/4 | €6,935 | €482 | -€6,452 | -93.0% |
| Taxes, remuneration and social security | 45 | €853 | €0 | -€853 | -100.0% |
| Taxes | 450/3 | €853 | - | -€853 | |
| Other amounts payable | 47/48 | €838,316 | €821,266 | -€17,050 | -2.0% |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €10,000 | €1,760 | -€8,240 | -82.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,328 | €17,840 | -€45,488 | -71.8% |
| Other operating charges | 640/8 | €4,417 | €3,333 | -€1,084 | -24.5% |
| Gross operating margin | 9900 | €37,455 | €33,946 | -€3,509 | -9.4% |
| Operating profit (loss) | 9901 | -€30,290 | €12,773 | +€43,063 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | -€5,644 | €161 | +€5,805 | |
| Recurring financial charges | 65 | -€5,644 | €161 | +€5,805 | |
| Profit (loss) for the period before taxes | 9903 | -€24,646 | €12,612 | +€37,258 | |
| Profit (loss) for the period | 9904 | -€24,646 | €12,612 | +€37,258 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,646 | €12,612 | +€37,258 |
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 29 September 2026 via checked.be.