ECTOR: 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.
ECTOR
Largest movements
- Tangible fixed assets -€12,246
down €12,246 (-14.5%), from €84,645 to €72,399
of which Furniture and vehicles: -€11,796
- Stocks and contracts -€7,759
down €7,759 (-27.0%), from €28,714 to €20,955
- Receivables within one year -€6,241
down €6,241 (-96.5%), from €6,468 to €227
of which Trade receivables: -€3,967
- Cash +€3,997
up €3,997 (+18.4%), from €21,708 to €25,705
mainly Depreciation (+€14,104) and Stocks and contracts (+€7,759)
- Profit (loss) carried forward -€22,834
down €22,834 (-67.4%), from -€33,866 to -€56,700
- Other debts +€2,126
up €2,126 (+16.6%), from €12,833 to €14,959
- Depreciation -€9,679
down €9,679 (-40.7%), from €23,783 to €14,104
- Gross operating margin -€2,619
down €2,619 (-57.6%), from -€4,548 to -€7,167
- Other operating charges -€2,317
down €2,317 (-51.9%), from €4,467 to €2,150
- Taxes -€405
down €405 (-63.2%), from €641 to €236
- Financial charges -€376
down €376 (-95.9%), from €392 to €16
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 | €142,706 | €121,396 | -€21,310 | -14.9% |
| Fixed assets | 21/28 | €84,645 | €72,399 | -€12,246 | -14.5% |
| Tangible fixed assets | 22/27 | €84,645 | €72,399 | -€12,246 | -14.5% |
| Land and buildings | 22 | €32,313 | €32,313 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,236 | €3,786 | -€450 | -10.6% |
| Furniture and vehicles | 24 | €48,096 | €36,300 | -€11,796 | -24.5% |
| Current assets | 29/58 | €58,061 | €48,997 | -€9,064 | -15.6% |
| Stocks and contracts in progress | 3 | €28,714 | €20,955 | -€7,759 | -27.0% |
| Stocks | 30/36 | €28,714 | €20,955 | -€7,759 | -27.0% |
| Amounts receivable within one year | 40/41 | €6,468 | €227 | -€6,241 | -96.5% |
| Trade receivables | 40 | €3,967 | - | -€3,967 | |
| Other amounts receivable | 41 | €2,501 | €227 | -€2,274 | -90.9% |
| Cash at bank and in hand | 54/58 | €21,708 | €25,705 | +€3,997 | +18.4% |
| Deferred charges and accrued income | 490/1 | €1,171 | €2,110 | +€939 | +80.2% |
| Total equity and liabilities | 10/49 | €142,706 | €121,396 | -€21,310 | -14.9% |
| Equity | 10/15 | €128,638 | €105,804 | -€22,834 | -17.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €137,504 | €137,504 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €135,004 | €135,004 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,866 | -€56,700 | -€22,834 | -67.4% |
| Amounts payable | 17/49 | €14,068 | €15,592 | +€1,524 | +10.8% |
| Amounts payable within one year | 42/48 | €13,641 | €15,182 | +€1,541 | +11.3% |
| Trade debts | 44 | €14 | €87 | +€73 | +521.4% |
| Suppliers | 440/4 | €14 | €87 | +€73 | +521.4% |
| Taxes, remuneration and social security | 45 | €794 | €136 | -€658 | -82.9% |
| Taxes | 450/3 | €794 | €136 | -€658 | -82.9% |
| Other amounts payable | 47/48 | €12,833 | €14,959 | +€2,126 | +16.6% |
| Accrued charges and deferred income | 492/3 | €427 | €410 | -€17 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,783 | €14,104 | -€9,679 | -40.7% |
| Other operating charges | 640/8 | €4,467 | €2,150 | -€2,317 | -51.9% |
| Gross operating margin | 9900 | -€4,548 | -€7,167 | -€2,619 | -57.6% |
| Operating profit (loss) | 9901 | -€32,798 | -€23,421 | +€9,377 | +28.6% |
| Financial income | 75/76B | €128 | €453 | +€325 | +253.9% |
| Recurring financial income | 75 | €128 | €453 | +€325 | +253.9% |
| Financial charges | 65/66B | €392 | €16 | -€376 | -95.9% |
| Recurring financial charges | 65 | €392 | €16 | -€376 | -95.9% |
| Profit (loss) for the period before taxes | 9903 | -€33,062 | -€22,984 | +€10,078 | +30.5% |
| Income taxes | 67/77 | €641 | €236 | -€405 | -63.2% |
| Profit (loss) for the period | 9904 | -€33,703 | -€23,220 | +€10,483 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,703 | -€23,220 | +€10,483 | +31.1% |
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 12 October 2026 via checked.be.