Ecu: 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.
Ecu
Largest movements
- Receivables within one year +€74,088
up €74,088 (+88622.5%), from €84 to €74,172
of which Trade receivables: +€74,113
- Cash +€44,440
up €44,440 (+43049.3%), from €103 to €44,543
mainly Debts after one year (+€63,775) and Net result for the year (+€38,934)
- Tangible fixed assets -€12,165
down €12,165 (-9.0%), from €135,628 to €123,463
of which Land and buildings: -€11,966
- Debts after one year +€63,775
new in 2025: €63,775
- Profit (loss) carried forward +€38,933
up €38,933 (+76.7%), from -€50,793 to -€11,860
- Tax, wage and social debts +€13,125
new in 2025: €13,125
- Trade debts -€9,401
down €9,401 (-94.6%), from €9,934 to €533
- Other debts -€5,072
down €5,072 (-59.5%), from €8,519 to €3,447
- Gross operating margin +€94,149
up €94,149, from -€34,016 to €60,133
- Financial charges +€1,718
up €1,718 (+5726.7%), from €30 to €1,748
- Depreciation -€959
down €959 (-7.3%), from €13,124 to €12,165
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 | €135,815 | €242,179 | +€106,364 | +78.3% |
| Fixed assets | 21/28 | €135,628 | €123,463 | -€12,165 | -9.0% |
| Tangible fixed assets | 22/27 | €135,628 | €123,463 | -€12,165 | -9.0% |
| Land and buildings | 22 | €135,194 | €123,228 | -€11,966 | -8.9% |
| Plant, machinery and equipment | 23 | €434 | €235 | -€199 | -45.8% |
| Current assets | 29/58 | €187 | €118,715 | +€118,528 | +63441.7% |
| Amounts receivable within one year | 40/41 | €84 | €74,172 | +€74,088 | +88622.5% |
| Trade receivables | 40 | - | €74,113 | +€74,113 | |
| Other amounts receivable | 41 | €84 | €60 | -€24 | -28.2% |
| Cash at bank and in hand | 54/58 | €103 | €44,543 | +€44,440 | +43049.3% |
| Total equity and liabilities | 10/49 | €135,815 | €242,179 | +€106,364 | +78.3% |
| Equity | 10/15 | €117,362 | €156,296 | +€38,934 | +33.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €149,555 | €149,555 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €149,555 | €149,555 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€50,793 | -€11,860 | +€38,933 | +76.7% |
| Amounts payable | 17/49 | €18,453 | €85,883 | +€67,430 | +365.4% |
| Amounts payable after more than one year | 17 | - | €63,775 | +€63,775 | |
| Financial debts | 170/4 | - | €63,775 | +€63,775 | |
| Amounts payable within one year | 42/48 | €18,453 | €22,108 | +€3,655 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,003 | +€5,003 | |
| Trade debts | 44 | €9,934 | €533 | -€9,401 | -94.6% |
| Suppliers | 440/4 | €9,934 | €533 | -€9,401 | -94.6% |
| Taxes, remuneration and social security | 45 | - | €13,125 | +€13,125 | |
| Taxes | 450/3 | - | €13,125 | +€13,125 | |
| Other amounts payable | 47/48 | €8,519 | €3,447 | -€5,072 | -59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,124 | €12,165 | -€959 | -7.3% |
| Other operating charges | 640/8 | €7,516 | €7,286 | -€230 | -3.1% |
| Gross operating margin | 9900 | -€34,016 | €60,133 | +€94,149 | |
| Operating profit (loss) | 9901 | -€54,656 | €40,682 | +€95,338 | |
| Financial income | 75/76B | €156 | - | -€156 | |
| Recurring financial income | 75 | €156 | - | -€156 | |
| Financial charges | 65/66B | €30 | €1,748 | +€1,718 | +5726.7% |
| Recurring financial charges | 65 | €30 | €1,748 | +€1,718 | +5726.7% |
| Profit (loss) for the period before taxes | 9903 | -€54,530 | €38,934 | +€93,464 | |
| Profit (loss) for the period | 9904 | -€54,530 | €38,934 | +€93,464 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,530 | €38,934 | +€93,464 |
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 11 October 2026 via checked.be.