ECT Service: 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 Service
Largest movements
- Receivables within one year +€19,760
up €19,760 (+106.1%), from €18,632 to €38,392
of which Other amounts receivable: +€20,895
- Tangible fixed assets -€7,507
down €7,507 (-21.1%), from €35,550 to €28,043
- Cash -€1,705
down €1,705 (-30.3%), from €5,626 to €3,921
mainly Receivables within one year (-€19,760) and Debts after one year (-€6,385)
- Profit (loss) carried forward +€16,300
up €16,300 (+149.5%), from €10,905 to €27,205
- Debts after one year -€6,385
down €6,385 (-28.9%), from €22,111 to €15,726
- Tax, wage and social debts -€4,025
down €4,025 (-30.2%), from €13,313 to €9,288
of which Remuneration and social security: -€4,752
- Other debts +€2,956
new in 2024: €2,956
- Trade debts +€1,376
up €1,376 (+24.7%), from €5,580 to €6,956
- Staff costs -€15,089
down €15,089 (-36.9%), from €40,937 to €25,848
- Gross operating margin -€11,990
down €11,990 (-17.2%), from €69,737 to €57,747
- Financial income +€1,471
up €1,471 (+9444.3%), from €16 to €1,487
- Depreciation -€1,342
down €1,342 (-12.7%), from €10,603 to €9,261
- Taxes +€726
up €726 (+16.8%), from €4,312 to €5,038
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,061 | €71,080 | +€10,019 | +16.4% |
| Fixed assets | 21/28 | €35,550 | €28,043 | -€7,507 | -21.1% |
| Tangible fixed assets | 22/27 | €35,550 | €28,043 | -€7,507 | -21.1% |
| Furniture and vehicles | 24 | €35,550 | €28,043 | -€7,507 | -21.1% |
| Current assets | 29/58 | €25,511 | €43,037 | +€17,526 | +68.7% |
| Amounts receivable within one year | 40/41 | €18,632 | €38,392 | +€19,760 | +106.1% |
| Trade receivables | 40 | €1,135 | - | -€1,135 | |
| Other amounts receivable | 41 | €17,497 | €38,392 | +€20,895 | +119.4% |
| Cash at bank and in hand | 54/58 | €5,626 | €3,921 | -€1,705 | -30.3% |
| Deferred charges and accrued income | 490/1 | €1,253 | €724 | -€529 | -42.2% |
| Total equity and liabilities | 10/49 | €61,061 | €71,080 | +€10,019 | +16.4% |
| Equity | 10/15 | €12,905 | €29,205 | +€16,300 | +126.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,905 | €27,205 | +€16,300 | +149.5% |
| Amounts payable | 17/49 | €48,156 | €41,875 | -€6,281 | -13.0% |
| Amounts payable after more than one year | 17 | €22,111 | €15,726 | -€6,385 | -28.9% |
| Financial debts | 170/4 | €22,111 | €15,726 | -€6,385 | -28.9% |
| Amounts payable within one year | 42/48 | €26,045 | €26,149 | +€104 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €7,152 | €6,949 | -€203 | -2.8% |
| Trade debts | 44 | €5,580 | €6,956 | +€1,376 | +24.7% |
| Suppliers | 440/4 | €5,580 | €6,956 | +€1,376 | +24.7% |
| Taxes, remuneration and social security | 45 | €13,313 | €9,288 | -€4,025 | -30.2% |
| Taxes | 450/3 | €4,312 | €5,039 | +€727 | +16.9% |
| Remuneration and social security | 454/9 | €9,001 | €4,249 | -€4,752 | -52.8% |
| Other amounts payable | 47/48 | - | €2,956 | +€2,956 | |
| Remuneration, social security and pensions | 62 | €40,937 | €25,848 | -€15,089 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,603 | €9,261 | -€1,342 | -12.7% |
| Other operating charges | 640/8 | €1,262 | €1,092 | -€170 | -13.5% |
| Gross operating margin | 9900 | €69,737 | €57,747 | -€11,990 | -17.2% |
| Operating profit (loss) | 9901 | €16,936 | €21,546 | +€4,610 | +27.2% |
| Financial income | 75/76B | €16 | €1,487 | +€1,471 | +9444.3% |
| Recurring financial income | 75 | €16 | €1,487 | +€1,471 | +9444.3% |
| Financial charges | 65/66B | €1,734 | €1,695 | -€39 | -2.3% |
| Recurring financial charges | 65 | €1,734 | €1,695 | -€39 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €15,217 | €21,338 | +€6,121 | +40.2% |
| Income taxes | 67/77 | €4,312 | €5,038 | +€726 | +16.8% |
| Profit (loss) for the period | 9904 | €10,905 | €16,300 | +€5,395 | +49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,905 | €16,300 | +€5,395 | +49.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.