ECTEK: 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.
ECTEK
Largest movements
- Cash +€86,091
up €86,091 (+54.8%), from €157,015 to €243,106
mainly Net result for the year (+€108,501) and Other debts (+€69,957)
- Deferred charges and accrued income +€14,415
up €14,415 (+2464.0%), from €585 to €15,000
- Tangible fixed assets -€5,677
down €5,677 (-45.9%), from €12,379 to €6,702
- Other debts +€69,957
up €69,957 (+43.9%), from €159,464 to €229,421
- Provisions +€21,702
up €21,702 (+56.3%), from €38,542 to €60,244
- Tax, wage and social debts +€5,866
up €5,866 (+33.7%), from €17,430 to €23,296
- Gross operating margin +€109,080
up €109,080 (+82.4%), from €132,342 to €241,422
- Taxes +€22,927
up €22,927 (+120.6%), from €19,013 to €41,940
- Provisions +€22,206
up €22,206, from -€505 to €21,702
- Financial charges +€13,682
up €13,682 (+29.4%), from €46,499 to €60,181
- Depreciation +€4,319
up €4,319 (+116.8%), from €3,698 to €8,017
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 | €225,534 | €319,194 | +€93,660 | +41.5% |
| Fixed assets | 21/28 | €12,941 | €7,055 | -€5,885 | -45.5% |
| Intangible fixed assets | 21 | €561 | €353 | -€208 | -37.1% |
| Tangible fixed assets | 22/27 | €12,379 | €6,702 | -€5,677 | -45.9% |
| Furniture and vehicles | 24 | €12,379 | €6,702 | -€5,677 | -45.9% |
| Current assets | 29/58 | €212,593 | €312,139 | +€99,545 | +46.8% |
| Amounts receivable within one year | 40/41 | €54,993 | €54,033 | -€960 | -1.7% |
| Trade receivables | 40 | €52,506 | €50,473 | -€2,033 | -3.9% |
| Other amounts receivable | 41 | €2,487 | €3,560 | +€1,073 | +43.1% |
| Cash at bank and in hand | 54/58 | €157,015 | €243,106 | +€86,091 | +54.8% |
| Deferred charges and accrued income | 490/1 | €585 | €15,000 | +€14,415 | +2464.0% |
| Total equity and liabilities | 10/49 | €225,534 | €319,194 | +€93,660 | +41.5% |
| Equity | 10/15 | €9,140 | €6,000 | -€3,140 | -34.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,140 | - | -€3,140 | |
| Provisions and deferred taxes | 16 | €38,542 | €60,244 | +€21,702 | +56.3% |
| Provisions for liabilities and charges | 160/5 | €38,542 | €60,244 | +€21,702 | +56.3% |
| Other liabilities and charges | 164/5 | €38,542 | €60,244 | +€21,702 | +56.3% |
| Amounts payable | 17/49 | €177,852 | €252,950 | +€75,099 | +42.2% |
| Amounts payable within one year | 42/48 | €177,852 | €252,950 | +€75,099 | +42.2% |
| Financial debts | 43 | - | €13 | +€13 | |
| Credit institutions | 430/8 | - | €13 | +€13 | |
| Trade debts | 44 | €958 | €221 | -€737 | -76.9% |
| Suppliers | 440/4 | €958 | €221 | -€737 | -76.9% |
| Taxes, remuneration and social security | 45 | €17,430 | €23,296 | +€5,866 | +33.7% |
| Taxes | 450/3 | €17,430 | €23,296 | +€5,866 | +33.7% |
| Other amounts payable | 47/48 | €159,464 | €229,421 | +€69,957 | +43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,698 | €8,017 | +€4,319 | +116.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€505 | €21,702 | +€22,206 | |
| Other operating charges | 640/8 | €387 | €1,094 | +€707 | +182.5% |
| Gross operating margin | 9900 | €132,342 | €241,422 | +€109,080 | +82.4% |
| Operating profit (loss) | 9901 | €128,761 | €210,609 | +€81,848 | +63.6% |
| Financial income | 75/76B | €1 | €13 | +€12 | +1386.4% |
| Recurring financial income | 75 | €1 | €13 | +€12 | +1386.4% |
| Financial charges | 65/66B | €46,499 | €60,181 | +€13,682 | +29.4% |
| Recurring financial charges | 65 | €46,499 | €60,181 | +€13,682 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €82,263 | €150,441 | +€68,178 | +82.9% |
| Income taxes | 67/77 | €19,013 | €41,940 | +€22,927 | +120.6% |
| Profit (loss) for the period | 9904 | €63,250 | €108,501 | +€45,251 | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,250 | €108,501 | +€45,251 | +71.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.