EECA: 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.
EECA
Largest movements
- Cash -€873,042
down €873,042 (-98.8%), from €884,064 to €11,022
mainly Investment in fixed assets (net) (-€887,195) and Current investments (-€372,566)
- Financial fixed assets +€670,734
up €670,734 (+454.8%), from €147,484 to €818,218
- Current investments +€372,566
new in 2025: €372,566
- Tangible fixed assets +€204,753
new in 2025: €204,753
of which Furniture and vehicles: +€152,419
- Receivables after one year +€51,596
new in 2025: €51,596
- Debts after one year +€263,311
new in 2025: €263,311
- Reserves +€210,696
up €210,696 (+17.6%), from €1.2m to €1.4m
- Other debts -€66,478
down €66,478 (-92.5%), from €71,884 to €5,406
- Tax, wage and social debts +€22,050
up €22,050 (+19.7%), from €111,653 to €133,704
- Financial income -€898,557
down €898,557 (-73.9%), from €1.2m to €316,903
of which Financial income: -€1.2m
- Taxes -€88,386
down €88,386 (-77.9%), from €113,488 to €25,101
- Depreciation +€11,708
new in 2025: €11,708
- Financial charges +€8,006
up €8,006 (+645.4%), from €1,241 to €9,247
- Gross operating margin -€4,072
down €4,072 (-32.0%), from €12,722 to €8,650
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 | €1,398,289 | €1,830,323 | +€432,033 | +30.9% |
| Fixed assets | 21/28 | €147,484 | €1,022,970 | +€875,487 | +593.6% |
| Tangible fixed assets | 22/27 | - | €204,753 | +€204,753 | |
| Plant, machinery and equipment | 23 | - | €5,138 | +€5,138 | |
| Furniture and vehicles | 24 | - | €152,419 | +€152,419 | |
| Other tangible fixed assets | 26 | - | €47,196 | +€47,196 | |
| Financial fixed assets | 28 | €147,484 | €818,218 | +€670,734 | +454.8% |
| Current assets | 29/58 | €1,250,806 | €807,352 | -€443,453 | -35.5% |
| Amounts receivable after more than one year | 29 | - | €51,596 | +€51,596 | |
| Other amounts receivable | 291 | - | €51,596 | +€51,596 | |
| Amounts receivable within one year | 40/41 | €366,742 | €370,268 | +€3,526 | +1.0% |
| Other amounts receivable | 41 | €366,742 | €370,268 | +€3,526 | +1.0% |
| Current investments | 50/53 | - | €372,566 | +€372,566 | |
| Cash at bank and in hand | 54/58 | €884,064 | €11,022 | -€873,042 | -98.8% |
| Deferred charges and accrued income | 490/1 | - | €1,900 | +€1,900 | |
| Total equity and liabilities | 10/49 | €1,398,289 | €1,830,323 | +€432,033 | +30.9% |
| Equity | 10/15 | €1,204,395 | €1,415,091 | +€210,696 | +17.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,194,395 | €1,405,091 | +€210,696 | +17.6% |
| Distributable reserves | 133 | €1,194,395 | €1,405,091 | +€210,696 | +17.6% |
| Amounts payable | 17/49 | €193,894 | €415,232 | +€221,338 | +114.2% |
| Amounts payable after more than one year | 17 | - | €263,311 | +€263,311 | |
| Other amounts payable | 178/9 | - | €263,311 | +€263,311 | |
| Amounts payable within one year | 42/48 | €193,894 | €151,921 | -€41,974 | -21.6% |
| Financial debts | 43 | - | €1,589 | +€1,589 | |
| Credit institutions | 430/8 | - | €1,589 | +€1,589 | |
| Trade debts | 44 | €10,358 | €11,223 | +€865 | +8.4% |
| Suppliers | 440/4 | €10,358 | €11,223 | +€865 | +8.4% |
| Taxes, remuneration and social security | 45 | €111,653 | €133,704 | +€22,050 | +19.7% |
| Taxes | 450/3 | €111,653 | €133,704 | +€22,050 | +19.7% |
| Other amounts payable | 47/48 | €71,884 | €5,406 | -€66,478 | -92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,708 | +€11,708 | |
| Other operating charges | 640/8 | €513 | €886 | +€373 | +72.7% |
| Non-recurring operating charges | 66A | - | €67,916 | +€67,916 | |
| Gross operating margin | 9900 | €12,722 | €8,650 | -€4,072 | -32.0% |
| Operating profit (loss) | 9901 | €12,209 | -€71,860 | -€84,068 | |
| Financial income | 75/76B | €1,215,460 | €316,903 | -€898,557 | -73.9% |
| Recurring financial income | 75 | €1,215,460 | €13,660 | -€1.2m | -98.9% |
| Non-recurring financial income | 76B | - | €303,243 | +€303,243 | |
| Financial charges | 65/66B | €1,241 | €9,247 | +€8,006 | +645.4% |
| Recurring financial charges | 65 | €1,241 | €9,247 | +€8,006 | +645.4% |
| Profit (loss) for the period before taxes | 9903 | €1,226,428 | €235,797 | -€990,632 | -80.8% |
| Income taxes | 67/77 | €113,488 | €25,101 | -€88,386 | -77.9% |
| Profit (loss) for the period | 9904 | €1,112,941 | €210,696 | -€902,245 | -81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,112,941 | €210,696 | -€902,245 | -81.1% |
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 9 October 2026 via checked.be.