ECT ADVISERS: what changed
What changed
ECT ADVISERS
filed annual accounts (NBB)
Net result for the year
-€1,233
2020 · -€182,623+€181,390
Equity
-€159,726
2020 · -€158,493-€1,233
Cash
-
2020 · €481-€481
Balance sheet total
€91,241
2020 · €95,741-€4,500
Largest movements
Assets
- Tangible fixed assets -€4,295
down €4,295 (-4.5%), from €94,900 to €90,605
Equity and liabilities
- Other debts -€5,545
down €5,545 (-8.6%), from €64,292 to €58,747
- Profit (loss) carried forward -€1,233
down €1,233 (-0.7%), from -€178,953 to -€180,186
- Trade debts +€1,170
up €1,170 (+39.5%), from €2,963 to €4,133
- Short-term financial debts +€1,108
new in 2021: €1,108
Income statement
- Taxes -€163,185
no longer reported in 2021 (was €163,185)
- Other operating charges -€24,674
down €24,674 (-96.3%), from €25,628 to €954
- Gross operating margin -€6,616
down €6,616 (-62.2%), from €10,632 to €4,016
- Financial charges -€147
no longer reported in 2021 (was €147)
Change in the result, 2020 to 2021
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2020
-€182,623
Gross operating margin
-€6,616
Other operating charges
+€24,674
Financial charges
+€147
Taxes
+€163,185
Result 2021
-€1,233
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2020 and 2021 balance sheets and the 2021 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1,589
Investment
€0
Financing
+€1,108
Cash 2020
€481
From operations (derived)
-€1,589
Net result for the year
-€1,233
Depreciation
+€4,295
Receivables within one year
-€276
Trade debts
+€1,170
Other debts
-€5,545
Financing
+€1,108
Short-term financial debts
+€1,108
Cash 2021
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,741 | €91,241 | -€4,500 | -4.7% |
| Fixed assets | 21/28 | €94,900 | €90,605 | -€4,295 | -4.5% |
| Tangible fixed assets | 22/27 | €94,900 | €90,605 | -€4,295 | -4.5% |
| Land and buildings | 22 | €94,900 | €90,605 | -€4,295 | -4.5% |
| Current assets | 29/58 | €841 | €636 | -€205 | -24.4% |
| Amounts receivable within one year | 40/41 | €360 | €636 | +€276 | +76.7% |
| Trade receivables | 40 | €360 | €360 | = | 0.0% |
| Other amounts receivable | 41 | - | €276 | +€276 | |
| Cash at bank and in hand | 54/58 | €481 | - | -€481 | |
| Total equity and liabilities | 10/49 | €95,741 | €91,241 | -€4,500 | -4.7% |
| Equity | 10/15 | -€158,493 | -€159,726 | -€1,233 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€178,953 | -€180,186 | -€1,233 | -0.7% |
| Amounts payable | 17/49 | €254,234 | €250,967 | -€3,267 | -1.3% |
| Amounts payable within one year | 42/48 | €254,234 | €250,967 | -€3,267 | -1.3% |
| Financial debts | 43 | - | €1,108 | +€1,108 | |
| Credit institutions | 430/8 | - | €1,108 | +€1,108 | |
| Trade debts | 44 | €2,963 | €4,133 | +€1,170 | +39.5% |
| Suppliers | 440/4 | €2,963 | €4,133 | +€1,170 | +39.5% |
| Taxes, remuneration and social security | 45 | €186,979 | €186,979 | = | 0.0% |
| Taxes | 450/3 | €25,372 | €186,979 | +€161,607 | +637% |
| Remuneration and social security | 454/9 | €161,607 | €0 | -€161,607 | -100% |
| Other amounts payable | 47/48 | €64,292 | €58,747 | -€5,545 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,295 | €4,295 | = | 0.0% |
| Other operating charges | 640/8 | €25,628 | €954 | -€24,674 | -96.3% |
| Gross operating margin | 9900 | €10,632 | €4,016 | -€6,616 | -62.2% |
| Operating profit (loss) | 9901 | -€19,291 | -€1,233 | +€18,058 | +93.6% |
| Financial charges | 65/66B | €147 | - | -€147 | |
| Recurring financial charges | 65 | €147 | - | -€147 | |
| Profit (loss) for the period before taxes | 9903 | -€19,438 | -€1,233 | +€18,205 | +93.7% |
| Income taxes | 67/77 | €163,185 | - | -€163,185 | |
| Profit (loss) for the period | 9904 | -€182,623 | -€1,233 | +€181,390 | +99.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€182,623 | -€1,233 | +€181,390 | +99.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.