ECTECH: 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.
ECTECH
Largest movements
- Tangible fixed assets -€52,473
down €52,473 (-17.2%), from €305,908 to €253,436
- Receivables within one year -€24,279
down €24,279 (-77.7%), from €31,259 to €6,980
of which Trade receivables: -€24,158
- Deferred charges and accrued income -€7,980
down €7,980 (-46.9%), from €17,001 to €9,021
- Stocks and contracts +€6,128
up €6,128 (+5.8%), from €104,772 to €110,900
- Current investments +€6,073
up €6,073 (+60.6%), from €10,016 to €16,089
- Profit (loss) carried forward -€27,626
down €27,626 (-55.4%), from -€49,834 to -€77,459
- Other debts -€23,250
down €23,250 (-55.3%), from €42,058 to €18,809
- Debts after one year -€15,595
down €15,595 (-6.7%), from €232,342 to €216,747
of which Financial debts: -€15,595
- Trade debts -€6,759
down €6,759 (-31.5%), from €21,472 to €14,714
- Gross operating margin -€3,996
down €3,996 (-10.5%), from €38,108 to €34,112
- Write-downs +€2,880
up €2,880, from €0 to €2,880
- Financial charges -€1,002
down €1,002 (-32.8%), from €3,058 to €2,055
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 | €477,016 | €403,724 | -€73,292 | -15.4% |
| Fixed assets | 21/28 | €305,908 | €253,436 | -€52,473 | -17.2% |
| Tangible fixed assets | 22/27 | €305,908 | €253,436 | -€52,473 | -17.2% |
| Land and buildings | 22 | €208,257 | €194,299 | -€13,958 | -6.7% |
| Plant, machinery and equipment | 23 | €51,292 | €28,991 | -€22,301 | -43.5% |
| Furniture and vehicles | 24 | €46,359 | €30,145 | -€16,214 | -35.0% |
| Current assets | 29/58 | €171,108 | €150,289 | -€20,819 | -12.2% |
| Stocks and contracts in progress | 3 | €104,772 | €110,900 | +€6,128 | +5.8% |
| Stocks | 30/36 | €104,772 | €110,900 | +€6,128 | +5.8% |
| Amounts receivable within one year | 40/41 | €31,259 | €6,980 | -€24,279 | -77.7% |
| Trade receivables | 40 | €31,138 | €6,980 | -€24,158 | -77.6% |
| Other amounts receivable | 41 | €121 | €0 | -€121 | -100% |
| Current investments | 50/53 | €10,016 | €16,089 | +€6,073 | +60.6% |
| Cash at bank and in hand | 54/58 | €8,060 | €7,299 | -€761 | -9.4% |
| Deferred charges and accrued income | 490/1 | €17,001 | €9,021 | -€7,980 | -46.9% |
| Total equity and liabilities | 10/49 | €477,016 | €403,724 | -€73,292 | -15.4% |
| Equity | 10/15 | €154,766 | €127,141 | -€27,626 | -17.8% |
| Contributions | 10/11 | €170,300 | €170,300 | = | 0.0% |
| Reserves | 13 | €34,300 | €34,300 | = | 0.0% |
| Distributable reserves | 133 | €34,300 | €34,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,834 | -€77,459 | -€27,626 | -55.4% |
| Amounts payable | 17/49 | €322,250 | €276,584 | -€45,666 | -14.2% |
| Amounts payable after more than one year | 17 | €232,342 | €216,747 | -€15,595 | -6.7% |
| Financial debts | 170/4 | €32,342 | €16,747 | -€15,595 | -48.2% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €89,908 | €59,837 | -€30,071 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €14,947 | €15,595 | +€648 | +4.3% |
| Trade debts | 44 | €21,472 | €14,714 | -€6,759 | -31.5% |
| Suppliers | 440/4 | €21,472 | €14,714 | -€6,759 | -31.5% |
| Taxes, remuneration and social security | 45 | €11,430 | €10,719 | -€711 | -6.2% |
| Taxes | 450/3 | €9,389 | €8,656 | -€734 | -7.8% |
| Remuneration and social security | 454/9 | €2,041 | €2,064 | +€23 | +1.1% |
| Other amounts payable | 47/48 | €42,058 | €18,809 | -€23,250 | -55.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,473 | €52,473 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €2,880 | +€2,880 | |
| Other operating charges | 640/8 | €4,324 | €4,240 | -€84 | -2.0% |
| Gross operating margin | 9900 | €38,108 | €34,112 | -€3,996 | -10.5% |
| Operating profit (loss) | 9901 | -€18,689 | -€25,481 | -€6,792 | -36.3% |
| Financial income | 75/76B | €59 | €134 | +€75 | +127% |
| Recurring financial income | 75 | €59 | €134 | +€75 | +127% |
| Financial charges | 65/66B | €3,058 | €2,055 | -€1,002 | -32.8% |
| Recurring financial charges | 65 | €3,058 | €2,055 | -€1,002 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | -€21,688 | -€27,402 | -€5,714 | -26.3% |
| Income taxes | 67/77 | €248 | €224 | -€24 | -9.8% |
| Profit (loss) for the period | 9904 | -€21,936 | -€27,626 | -€5,690 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,936 | -€27,626 | -€5,690 | -25.9% |
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 14 October 2026 via checked.be.