ECT BELGIUM: 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.
ECT BELGIUM
Largest movements
- Receivables within one year +€714,471
up €714,471 (+10.1%), from €7.1m to €7.8m
of which Other amounts receivable: +€714,831
- Cash +€315,619
up €315,619 (+183%), from €172,716 to €488,335
mainly Trade debts (+€1.3m) and Net result for the year (+€1.1m)
- Trade debts +€1.3m
up €1.3m, from €0 to €1.3m
- Provisions -€1.3m
down €1.3m (-31.3%), from €4.2m to €2.9m
- Reserves +€1.1m
up €1.1m (+39.3%), from €2.7m to €3.8m
of which Distributable reserves: +€1.0m
- Provisions -€5.2m
down €5.2m, from €3.9m to -€1.3m
- Financial income -€71,189
down €71,189 (-23.5%), from €303,169 to €231,981
- Turnover +€33,000
up €33,000 (+3.7%), from €883,500 to €916,500
- Services and other goods +€9,513
up €9,513 (+33.1%), from €28,706 to €38,218
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 | €11,975,031 | €12,997,907 | +€1.0m | +8.5% |
| Fixed assets | 21/28 | €4,597,514 | €4,584,801 | -€12,713 | -0.3% |
| Intangible fixed assets | 21 | €817,874 | €805,161 | -€12,713 | -1.6% |
| Tangible fixed assets | 22/27 | €3,779,640 | €3,779,640 | = | 0.0% |
| Land and buildings | 22 | €3,779,640 | €3,779,640 | = | 0.0% |
| Current assets | 29/58 | €7,377,517 | €8,413,107 | +€1.0m | +14.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €7,057,551 | €7,772,022 | +€714,471 | +10.1% |
| Trade receivables | 40 | €361 | €0 | -€361 | -100% |
| Other amounts receivable | 41 | €7,057,191 | €7,772,022 | +€714,831 | +10.1% |
| Cash at bank and in hand | 54/58 | €172,716 | €488,335 | +€315,619 | +183% |
| Deferred charges and accrued income | 490/1 | €147,250 | €152,750 | +€5,500 | +3.7% |
| Total equity and liabilities | 10/49 | €11,975,031 | €12,997,907 | +€1.0m | +8.5% |
| Equity | 10/15 | €7,755,780 | €8,814,229 | +€1.1m | +13.6% |
| Contributions | 10/11 | €5,062,000 | €5,062,000 | = | 0.0% |
| Capital | 10 | €5,062,000 | €5,062,000 | = | 0.0% |
| Issued capital | 100 | €5,062,000 | €5,062,000 | = | 0.0% |
| Reserves | 13 | €2,693,780 | €3,752,229 | +€1.1m | +39.3% |
| Non-distributable reserves | 130/1 | €292,909 | €345,831 | +€52,922 | +18.1% |
| Legal reserve | 130 | €292,909 | €345,831 | +€52,922 | +18.1% |
| Distributable reserves | 133 | €2,400,871 | €3,406,398 | +€1.0m | +41.9% |
| Provisions and deferred taxes | 16 | €4,160,000 | €2,855,870 | -€1.3m | -31.3% |
| Provisions for liabilities and charges | 160/5 | €4,160,000 | €2,855,870 | -€1.3m | -31.3% |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Environmental obligations | 163 | €4,160,000 | €2,855,870 | -€1.3m | -31.3% |
| Amounts payable | 17/49 | €59,251 | €1,327,808 | +€1.3m | +2,141% |
| Amounts payable within one year | 42/48 | €45,366 | €1,313,721 | +€1.3m | +2,796% |
| Trade debts | 44 | €0 | €1,313,721 | +€1.3m | |
| Suppliers | 440/4 | €0 | €1,313,721 | +€1.3m | |
| Taxes, remuneration and social security | 45 | €45,366 | €0 | -€45,366 | -100% |
| Taxes | 450/3 | €45,366 | €0 | -€45,366 | -100% |
| Accrued charges and deferred income | 492/3 | €13,885 | €14,087 | +€201 | +1.5% |
| Operating income | 70/76A | €883,500 | €916,500 | +€33,000 | +3.7% |
| Turnover | 70 | €883,500 | €916,500 | +€33,000 | +3.7% |
| Operating charges | 60/66A | €4,230,225 | €81,711 | -€4.1m | -98.1% |
| Services and other goods | 61 | €28,706 | €38,218 | +€9,513 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,713 | €12,713 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,850,497 | -€1,304,130 | -€5.2m | |
| Other operating charges | 640/8 | €29,806 | €30,780 | +€974 | +3.3% |
| Non-recurring operating charges | 66A | €308,503 | €1,304,130 | +€995,627 | +323% |
| Operating profit (loss) | 9901 | -€3,346,725 | €834,789 | +€4.2m | |
| Financial income | 75/76B | €303,169 | €231,981 | -€71,189 | -23.5% |
| Recurring financial income | 75 | €303,169 | €231,981 | -€71,189 | -23.5% |
| Income from current assets | 751 | €303,169 | €231,981 | -€71,189 | -23.5% |
| Financial charges | 65/66B | €3,021 | €4,334 | +€1,314 | +43.5% |
| Recurring financial charges | 65 | €3,021 | €4,334 | +€1,314 | +43.5% |
| Other financial charges | 652/9 | €3,021 | €4,334 | +€1,314 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,046,576 | €1,062,435 | +€4.1m | |
| Income taxes | 67/77 | -€0 | €3,985 | +€3,985 | |
| Taxes | 670/3 | €0 | €3,985 | +€3,985 | |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €0 | -€0 | -100% |
| Profit (loss) for the period | 9904 | -€3,046,576 | €1,058,450 | +€4.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,046,576 | €1,058,450 | +€4.1m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.