ECTO: 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.
ECTO
Largest movements
- Tangible fixed assets +€4,848
up €4,848 (+14.1%), from €34,465 to €39,313
of which Other tangible fixed assets: +€3,186
- Receivables within one year -€4,344
down €4,344 (-27.9%), from €15,592 to €11,247
of which Trade receivables: -€4,298
- Cash +€3,890
up €3,890 (+34.4%), from €11,301 to €15,191
mainly Net result for the year (+€12,569) and Depreciation (+€7,477)
- Deferred charges and accrued income +€840
up €840 (+179.9%), from €467 to €1,307
- Profit (loss) carried forward +€12,569
up €12,569 (+35.7%), from €35,239 to €47,808
- Trade debts -€3,351
down €3,351 (-60.0%), from €5,587 to €2,236
- Current portion of long-term debt -€1,595
down €1,595 (-56.9%), from €2,804 to €1,210
- Debts after one year -€1,210
down €1,210 (-100.0%), from €1,210 to €0
- Other debts -€836
down €836 (-59.8%), from €1,398 to €562
- Depreciation +€4,393
up €4,393 (+142.4%), from €3,084 to €7,477
- Gross operating margin -€3,966
down €3,966 (-13.0%), from €30,541 to €26,574
- Taxes -€1,617
down €1,617 (-29.8%), from €5,417 to €3,800
- Financial charges -€875
down €875 (-24.3%), from €3,603 to €2,728
- Other operating charges -€351
down €351 (-100.0%), from €351 to €0
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 | €61,824 | €67,058 | +€5,234 | +8.5% |
| Fixed assets | 21/28 | €34,465 | €39,313 | +€4,848 | +14.1% |
| Tangible fixed assets | 22/27 | €34,465 | €39,313 | +€4,848 | +14.1% |
| Plant, machinery and equipment | 23 | €2,440 | €1,775 | -€664 | -27.2% |
| Furniture and vehicles | 24 | €10,994 | €13,321 | +€2,327 | +21.2% |
| Other tangible fixed assets | 26 | €21,031 | €24,217 | +€3,186 | +15.1% |
| Current assets | 29/58 | €27,359 | €27,745 | +€386 | +1.4% |
| Amounts receivable within one year | 40/41 | €15,592 | €11,247 | -€4,344 | -27.9% |
| Trade receivables | 40 | €15,545 | €11,247 | -€4,298 | -27.6% |
| Other amounts receivable | 41 | €47 | €0 | -€47 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,301 | €15,191 | +€3,890 | +34.4% |
| Deferred charges and accrued income | 490/1 | €467 | €1,307 | +€840 | +179.9% |
| Total equity and liabilities | 10/49 | €61,824 | €67,058 | +€5,234 | +8.5% |
| Equity | 10/15 | €38,239 | €50,808 | +€12,569 | +32.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,239 | €47,808 | +€12,569 | +35.7% |
| Amounts payable | 17/49 | €23,585 | €16,250 | -€7,335 | -31.1% |
| Amounts payable after more than one year | 17 | €1,210 | €0 | -€1,210 | -100.0% |
| Financial debts | 170/4 | €1,210 | €0 | -€1,210 | -100.0% |
| Amounts payable within one year | 42/48 | €21,663 | €16,250 | -€5,413 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €2,804 | €1,210 | -€1,595 | -56.9% |
| Trade debts | 44 | €5,587 | €2,236 | -€3,351 | -60.0% |
| Suppliers | 440/4 | €5,587 | €2,236 | -€3,351 | -60.0% |
| Taxes, remuneration and social security | 45 | €11,874 | €12,242 | +€369 | +3.1% |
| Taxes | 450/3 | €11,874 | €12,242 | +€369 | +3.1% |
| Other amounts payable | 47/48 | €1,398 | €562 | -€836 | -59.8% |
| Accrued charges and deferred income | 492/3 | €712 | €0 | -€712 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,084 | €7,477 | +€4,393 | +142.4% |
| Other operating charges | 640/8 | €351 | €0 | -€351 | -100.0% |
| Gross operating margin | 9900 | €30,541 | €26,574 | -€3,966 | -13.0% |
| Operating profit (loss) | 9901 | €27,105 | €19,098 | -€8,008 | -29.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.0% |
| Financial charges | 65/66B | €3,603 | €2,728 | -€875 | -24.3% |
| Recurring financial charges | 65 | €3,603 | €2,728 | -€875 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €23,503 | €16,370 | -€7,134 | -30.4% |
| Income taxes | 67/77 | €5,417 | €3,800 | -€1,617 | -29.8% |
| Profit (loss) for the period | 9904 | €18,086 | €12,569 | -€5,517 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,086 | €12,569 | -€5,517 | -30.5% |
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 4 October 2026 via checked.be.