ECU: 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.
ECU
Largest movements
- Tangible fixed assets -€21,562
down €21,562 (-11.5%), from €187,732 to €166,171
of which Plant, machinery and equipment: -€11,550
- Profit (loss) carried forward -€22,464
down €22,464 (-12.8%), from -€175,676 to -€198,140
- Debts after one year -€6,093
down €6,093 (-1.7%), from €364,388 to €358,294
- Other debts +€3,743
up €3,743 (+47.6%), from €7,857 to €11,600
- Gross operating margin +€24,641
up €24,641, from -€23,470 to €1,170
- Financial income +€12,903
up €12,903 (+624.5%), from €2,066 to €14,970
- Other operating charges +€3,581
up €3,581 (+320.4%), from €1,118 to €4,699
- Financial charges -€1,116
down €1,116 (-8.5%), from €13,186 to €12,070
- Depreciation -€506
down €506 (-2.3%), from €22,068 to €21,562
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 | €264,186 | €243,161 | -€21,025 | -8.0% |
| Fixed assets | 21/28 | €262,732 | €241,171 | -€21,562 | -8.2% |
| Tangible fixed assets | 22/27 | €187,732 | €166,171 | -€21,562 | -11.5% |
| Land and buildings | 22 | €166,129 | €156,259 | -€9,870 | -5.9% |
| Plant, machinery and equipment | 23 | €21,441 | €9,891 | -€11,550 | -53.9% |
| Furniture and vehicles | 24 | €163 | €21 | -€142 | -87.3% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €1,454 | €1,991 | +€537 | +37.0% |
| Current investments | 50/53 | €156 | - | -€156 | |
| Cash at bank and in hand | 54/58 | €11 | €18 | +€7 | +59.7% |
| Deferred charges and accrued income | 490/1 | €1,286 | €1,973 | +€687 | +53.4% |
| Total equity and liabilities | 10/49 | €264,186 | €243,161 | -€21,025 | -8.0% |
| Equity | 10/15 | -€120,676 | -€143,140 | -€22,464 | -18.6% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,676 | -€198,140 | -€22,464 | -12.8% |
| Amounts payable | 17/49 | €384,862 | €386,301 | +€1,439 | +0.4% |
| Amounts payable after more than one year | 17 | €364,388 | €358,294 | -€6,093 | -1.7% |
| Financial debts | 170/4 | €364,388 | €358,294 | -€6,093 | -1.7% |
| Amounts payable within one year | 42/48 | €20,057 | €26,873 | +€6,816 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €7,000 | €7,000 | = | 0.0% |
| Financial debts | 43 | €570 | - | -€570 | |
| Credit institutions | 430/8 | €570 | - | -€570 | |
| Trade debts | 44 | €3,309 | €5,721 | +€2,412 | +72.9% |
| Suppliers | 440/4 | €3,309 | €5,721 | +€2,412 | +72.9% |
| Taxes, remuneration and social security | 45 | €1,320 | €2,552 | +€1,231 | +93.2% |
| Taxes | 450/3 | €1,320 | €2,552 | +€1,231 | +93.2% |
| Other amounts payable | 47/48 | €7,857 | €11,600 | +€3,743 | +47.6% |
| Accrued charges and deferred income | 492/3 | €418 | €1,134 | +€716 | +171.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,068 | €21,562 | -€506 | -2.3% |
| Other operating charges | 640/8 | €1,118 | €4,699 | +€3,581 | +320.4% |
| Gross operating margin | 9900 | -€23,470 | €1,170 | +€24,641 | |
| Operating profit (loss) | 9901 | -€46,656 | -€25,091 | +€21,565 | +46.2% |
| Financial income | 75/76B | €2,066 | €14,970 | +€12,903 | +624.5% |
| Recurring financial income | 75 | €2,066 | €14,970 | +€12,903 | +624.5% |
| Financial charges | 65/66B | €13,186 | €12,070 | -€1,116 | -8.5% |
| Recurring financial charges | 65 | €13,186 | €12,070 | -€1,116 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€57,776 | -€22,191 | +€35,584 | +61.6% |
| Income taxes | 67/77 | - | €273 | +€273 | |
| Profit (loss) for the period | 9904 | -€57,776 | -€22,464 | +€35,312 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,776 | -€22,464 | +€35,312 | +61.1% |
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 29 September 2026 via checked.be.