EKATOV: 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.
What changed
EKATOV
NACE 68.122, Development of non-residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €1.6m+€382,863
Equity
€3.8m
2024 · €3.6m+€241,152
Cash
€708,858
2024 · €734,378-€25,520
Balance sheet total
€17.9m
2024 · €18.9m-€981,253
Largest movements
Assets
- Receivables within one year -€2.1m
down €2.1m (-17.4%), from €11.8m to €9.7m
of which Trade receivables: -€1.9m
- Deferred charges and accrued income +€844,018
up €844,018 (+58.4%), from €1.4m to €2.3m
- Stocks and contracts +€261,411
up €261,411 (+5.3%), from €4.9m to €5.2m
Equity and liabilities
- Trade debts -€1.8m
down €1.8m (-35.8%), from €5.0m to €3.2m
- Tax, wage and social debts +€351,585
up €351,585 (+69.9%), from €502,973 to €854,557
- Reserves +€241,152
up €241,152 (+143%), from €169,000 to €410,152
of which Distributable reserves: +€241,152
- Accrued charges and deferred income +€213,207
up €213,207 (+20.1%), from €1.1m to €1.3m
Income statement
- Turnover -€17.8m
down €17.8m (-53.5%), from €33.3m to €15.5m
- Goods and materials -€13.0m
down €13.0m (-63.1%), from €20.5m to €7.6m
- Services and other goods -€2.6m
down €2.6m (-96.7%), from €2.7m to €89,503
- Other operating income -€1.3m
down €1.3m (-87.8%), from €1.5m to €181,038
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.
Result 2024
€1.6m
Turnover
-€17.8m
Other operating income
-€1.3m
Goods and materials
+€13.0m
Services and other goods
+€2.6m
Other operating charges
-€6,323
Other operating items
+€4.0m
Financial income
+€131,402
Financial charges
-€86,535
Taxes
-€162,742
Result 2025
€2.0m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€1.7m
Investment
+€8,595
Financing
-€1.7m
Cash 2024
€734,378
From operations (derived)
+€1.7m
Net result for the year
+€2.0m
Stocks and contracts
-€261,411
Receivables within one year
+€2.1m
Deferred charges and accrued income
-€844,018
Trade debts
-€1.8m
Tax, wage and social debts
+€351,585
Accrued charges and deferred income
+€213,207
Investment (derived)
+€8,595
Investment in fixed assets (net)
+€8,595
Financing
-€1.7m
Debts after one year
+€83,450
Short-term financial debts
-€72,954
Contributions, distributions and other
-€1.8m
Cash 2025
€708,858
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,914,122 | €17,932,869 | -€981,253 | -5.2% |
| Fixed assets | 21/28 | €12,145 | €3,550 | -€8,595 | -70.8% |
| Financial fixed assets | 28 | €12,145 | €3,550 | -€8,595 | -70.8% |
| Other financial fixed assets | 284/8 | €12,145 | €3,550 | -€8,595 | -70.8% |
| Amounts receivable and cash guarantees | 285/8 | €12,145 | €3,550 | -€8,595 | -70.8% |
| Current assets | 29/58 | €18,901,977 | €17,929,319 | -€972,658 | -5.1% |
| Stocks and contracts in progress | 3 | €4,926,104 | €5,187,515 | +€261,411 | +5.3% |
| Stocks | 30/36 | €4,926,104 | €5,187,515 | +€261,411 | +5.3% |
| Property held for sale | 35 | €4,926,104 | €5,187,515 | +€261,411 | +5.3% |
| Amounts receivable within one year | 40/41 | €11,797,360 | €9,744,795 | -€2.1m | -17.4% |
| Trade receivables | 40 | €3,807,371 | €1,883,661 | -€1.9m | -50.5% |
| Other amounts receivable | 41 | €7,989,990 | €7,861,133 | -€128,856 | -1.6% |
| Cash at bank and in hand | 54/58 | €734,378 | €708,858 | -€25,520 | -3.5% |
| Deferred charges and accrued income | 490/1 | €1,444,133 | €2,288,151 | +€844,018 | +58.4% |
| Total equity and liabilities | 10/49 | €18,914,122 | €17,932,869 | -€981,253 | -5.2% |
| Equity | 10/15 | €3,555,351 | €3,796,503 | +€241,152 | +6.8% |
| Contributions | 10/11 | €3,300,000 | €3,300,000 | = | 0.0% |
| Capital | 10 | €1,690,000 | €1,690,000 | = | 0.0% |
| Issued capital | 100 | €1,690,000 | €1,690,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,610,000 | €1,610,000 | = | 0.0% |
| Other | 1109/19 | €1,610,000 | €1,610,000 | = | 0.0% |
| Reserves | 13 | €169,000 | €410,152 | +€241,152 | +143% |
| Non-distributable reserves | 130/1 | €169,000 | €169,000 | = | 0.0% |
| Legal reserve | 130 | €169,000 | €169,000 | = | 0.0% |
| Distributable reserves | 133 | - | €241,152 | +€241,152 | |
| Profit (loss) carried forward | 14 | €86,351 | €86,351 | = | 0.0% |
| Amounts payable | 17/49 | €15,358,771 | €14,136,366 | -€1.2m | -8.0% |
| Amounts payable after more than one year | 17 | €8,698,050 | €8,781,500 | +€83,450 | +1.0% |
| Financial debts | 170/4 | €8,698,050 | €8,781,500 | +€83,450 | +1.0% |
| Credit institutions | 173 | €1,831,475 | €1,913,725 | +€82,250 | +4.5% |
| Other loans | 174 | €6,866,575 | €6,867,775 | +€1,200 | 0.0% |
| Amounts payable within one year | 42/48 | €5,602,228 | €4,083,166 | -€1.5m | -27.1% |
| Financial debts | 43 | €72,954 | €0 | -€72,954 | -100% |
| Credit institutions | 430/8 | €72,954 | €0 | -€72,954 | -100% |
| Trade debts | 44 | €5,026,301 | €3,228,609 | -€1.8m | -35.8% |
| Suppliers | 440/4 | €5,026,301 | €3,228,609 | -€1.8m | -35.8% |
| Taxes, remuneration and social security | 45 | €502,973 | €854,557 | +€351,585 | +69.9% |
| Taxes | 450/3 | €502,973 | €854,557 | +€351,585 | +69.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,058,493 | €1,271,700 | +€213,207 | +20.1% |
| Operating income | 70/76A | €24,896,753 | €9,839,793 | -€15.1m | -60.5% |
| Turnover | 70 | €33,272,516 | €15,475,560 | -€17.8m | -53.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€9,862,057 | -€5,816,805 | +€4.0m | +41.0% |
| Other operating income | 74 | €1,486,294 | €181,038 | -€1.3m | -87.8% |
| Operating charges | 60/66A | €23,219,411 | €7,661,713 | -€15.6m | -67.0% |
| Goods for resale, raw materials and consumables | 60 | €20,516,608 | €7,560,792 | -€13.0m | -63.1% |
| Purchases | 600/8 | €20,516,608 | €7,560,792 | -€13.0m | -63.1% |
| Services and other goods | 61 | €2,697,708 | €89,503 | -€2.6m | -96.7% |
| Other operating charges | 640/8 | €5,094 | €11,418 | +€6,323 | +124% |
| Operating profit (loss) | 9901 | €1,677,342 | €2,178,080 | +€500,738 | +29.9% |
| Financial income | 75/76B | €498,362 | €629,764 | +€131,402 | +26.4% |
| Recurring financial income | 75 | €498,362 | €629,764 | +€131,402 | +26.4% |
| Income from current assets | 751 | €303,917 | €628,585 | +€324,667 | +107% |
| Other financial income | 752/9 | €194,444 | €1,179 | -€193,265 | -99.4% |
| Financial charges | 65/66B | €4,770 | €91,305 | +€86,535 | +1,814% |
| Recurring financial charges | 65 | €4,770 | €91,305 | +€86,535 | +1,814% |
| Debt charges | 650 | €0 | €86,683 | +€86,683 | |
| Other financial charges | 652/9 | €4,770 | €4,622 | -€148 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €2,170,934 | €2,716,539 | +€545,605 | +25.1% |
| Income taxes | 67/77 | €562,645 | €725,387 | +€162,742 | +28.9% |
| Taxes | 670/3 | €562,645 | €725,387 | +€162,742 | +28.9% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,608,288 | €1,991,152 | +€382,863 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,608,288 | €1,991,152 | +€382,863 | +23.8% |
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 24 October 2026 via checked.be.