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 +€19,930
up €19,930 (+228.5%), from €8,720 to €28,650
mainly Net result for the year (+€35,424) and Tax, wage and social debts (+€6,655)
- Receivables within one year +€18,331
up €18,331 (+171.4%), from €10,696 to €29,027
- Tangible fixed assets +€8,612
up €8,612 (+148.8%), from €5,786 to €14,398
of which Plant, machinery and equipment: +€9,345
- Profit (loss) carried forward +€35,424
up €35,424 (+239.9%), from €14,764 to €50,187
- Tax, wage and social debts +€6,655
up €6,655 (+102.2%), from €6,512 to €13,166
- Trade debts +€4,674
up €4,674 (+3929.0%), from €119 to €4,793
- Gross operating margin +€26,849
up €26,849 (+131.2%), from €20,458 to €47,308
- Taxes +€5,739
up €5,739 (+144.7%), from €3,965 to €9,704
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 | €25,202 | €72,075 | +€46,873 | +186.0% |
| Fixed assets | 21/28 | €5,786 | €14,398 | +€8,612 | +148.8% |
| Tangible fixed assets | 22/27 | €5,786 | €14,398 | +€8,612 | +148.8% |
| Plant, machinery and equipment | 23 | €2,368 | €11,713 | +€9,345 | +394.7% |
| Furniture and vehicles | 24 | €3,418 | €2,684 | -€734 | -21.5% |
| Current assets | 29/58 | €19,416 | €57,677 | +€38,261 | +197.1% |
| Amounts receivable within one year | 40/41 | €10,696 | €29,027 | +€18,331 | +171.4% |
| Trade receivables | 40 | €10,696 | €29,027 | +€18,331 | +171.4% |
| Cash at bank and in hand | 54/58 | €8,720 | €28,650 | +€19,930 | +228.5% |
| Total equity and liabilities | 10/49 | €25,202 | €72,075 | +€46,873 | +186.0% |
| Equity | 10/15 | €15,764 | €51,187 | +€35,424 | +224.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,764 | €50,187 | +€35,424 | +239.9% |
| Amounts payable | 17/49 | €9,439 | €20,887 | +€11,449 | +121.3% |
| Amounts payable within one year | 42/48 | €9,439 | €20,887 | +€11,449 | +121.3% |
| Trade debts | 44 | €119 | €4,793 | +€4,674 | +3929.0% |
| Suppliers | 440/4 | €119 | €4,793 | +€4,674 | +3929.0% |
| Taxes, remuneration and social security | 45 | €6,512 | €13,166 | +€6,655 | +102.2% |
| Taxes | 450/3 | €6,512 | €13,166 | +€6,655 | +102.2% |
| Other amounts payable | 47/48 | €2,808 | €2,928 | +€120 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,730 | €2,132 | +€403 | +23.3% |
| Gross operating margin | 9900 | €20,458 | €47,308 | +€26,849 | +131.2% |
| Operating profit (loss) | 9901 | €18,729 | €45,175 | +€26,447 | +141.2% |
| Financial charges | 65/66B | €0 | €48 | +€47 | +23745.0% |
| Recurring financial charges | 65 | €0 | €48 | +€47 | +23745.0% |
| Profit (loss) for the period before taxes | 9903 | €18,728 | €45,128 | +€26,399 | +141.0% |
| Income taxes | 67/77 | €3,965 | €9,704 | +€5,739 | +144.7% |
| Profit (loss) for the period | 9904 | €14,764 | €35,424 | +€20,660 | +139.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,764 | €35,424 | +€20,660 | +139.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.