ECTEM: 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.
ECTEM
Largest movements
- Cash -€6,072
down €6,072 (-3.9%), from €157,612 to €151,540
mainly Net result for the year (-€6,949) and Other debts (-€3,198)
- Tangible fixed assets -€4,860
down €4,860 (-6.0%), from €80,520 to €75,660
- Profit (loss) carried forward -€56,742
no longer reported in 2025 (was €56,742)
- Reserves +€49,792
up €49,792 (+65.3%), from €76,279 to €126,072
of which Distributable reserves: +€49,792
- Other debts -€3,198
down €3,198 (-10.7%), from €29,840 to €26,643
- Gross operating margin +€7,206
up €7,206, from -€6,260 to €945
- Other operating charges +€1,967
up €1,967 (+189.6%), from €1,038 to €3,005
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 | €238,132 | €227,714 | -€10,418 | -4.4% |
| Fixed assets | 21/28 | €80,520 | €75,660 | -€4,860 | -6.0% |
| Tangible fixed assets | 22/27 | €80,520 | €75,660 | -€4,860 | -6.0% |
| Land and buildings | 22 | €80,520 | €75,660 | -€4,860 | -6.0% |
| Current assets | 29/58 | €157,612 | €152,054 | -€5,558 | -3.5% |
| Amounts receivable within one year | 40/41 | - | €277 | +€277 | |
| Other amounts receivable | 41 | - | €277 | +€277 | |
| Cash at bank and in hand | 54/58 | €157,612 | €151,540 | -€6,072 | -3.9% |
| Deferred charges and accrued income | 490/1 | - | €237 | +€237 | |
| Total equity and liabilities | 10/49 | €238,132 | €227,714 | -€10,418 | -4.4% |
| Equity | 10/15 | €208,021 | €201,072 | -€6,949 | -3.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €76,279 | €126,072 | +€49,792 | +65.3% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €73,779 | €73,779 | = | 0.0% |
| Distributable reserves | 133 | - | €49,792 | +€49,792 | |
| Profit (loss) carried forward | 14 | €56,742 | - | -€56,742 | |
| Amounts payable | 17/49 | €30,111 | €26,643 | -€3,469 | -11.5% |
| Amounts payable within one year | 42/48 | €30,111 | €26,643 | -€3,469 | -11.5% |
| Taxes, remuneration and social security | 45 | €271 | - | -€271 | |
| Taxes | 450/3 | €271 | - | -€271 | |
| Other amounts payable | 47/48 | €29,840 | €26,643 | -€3,198 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,860 | €4,860 | = | 0.0% |
| Other operating charges | 640/8 | €1,038 | €3,005 | +€1,967 | +189.6% |
| Gross operating margin | 9900 | -€6,260 | €945 | +€7,206 | |
| Operating profit (loss) | 9901 | -€12,158 | -€6,919 | +€5,238 | +43.1% |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,188 | -€6,949 | +€5,238 | +43.0% |
| Profit (loss) for the period | 9904 | -€12,188 | -€6,949 | +€5,238 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,188 | -€6,949 | +€5,238 | +43.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.