LES ECUADORS: 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.
LES ECUADORS
Largest movements
- Cash +€67,670
up €67,670 (+1,048%), from €6,455 to €74,124
mainly Net result for the year (+€44,721) and Accrued charges and deferred income (+€33,840)
- Receivables within one year -€17,786
down €17,786 (-10.0%), from €177,011 to €159,225
of which Trade receivables: -€16,714
- Intangible fixed assets -€7,000
down €7,000 (-50.0%), from €14,000 to €7,000
- Profit (loss) carried forward +€44,721
up €44,721 (+23.8%), from €187,788 to €232,508
- Accrued charges and deferred income +€33,840
up €33,840 (+1,458,610%), from €2 to €33,842
- Trade debts -€32,048
down €32,048 (-71.4%), from €44,895 to €12,847
- Other debts -€6,766
down €6,766 (-48.7%), from €13,902 to €7,136
- Current portion of long-term debt +€6,023
up €6,023 (+68.3%), from €8,815 to €14,839
- Gross operating margin +€20,836
up €20,836 (+30.0%), from €69,440 to €90,276
- Other operating charges -€18,497
down €18,497 (-66.2%), from €27,957 to €9,461
- Depreciation +€3,499
up €3,499 (+37.3%), from €9,383 to €12,883
- Financial charges +€3,266
up €3,266 (+86.3%), from €3,783 to €7,049
- Taxes +€2,889
up €2,889 (+18.2%), from €15,888 to €18,777
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €326,587 | €366,635 | +€40,048 | +12.3% |
| Fixed assets | 21/28 | €40,440 | €30,115 | -€10,325 | -25.5% |
| Intangible fixed assets | 21 | €14,000 | €7,000 | -€7,000 | -50.0% |
| Tangible fixed assets | 22/27 | €26,440 | €23,115 | -€3,325 | -12.6% |
| Furniture and vehicles | 24 | €26,440 | €23,115 | -€3,325 | -12.6% |
| Current assets | 29/58 | €286,147 | €336,520 | +€50,373 | +17.6% |
| Stocks and contracts in progress | 3 | €100,635 | €99,757 | -€878 | -0.9% |
| Stocks | 30/36 | €100,635 | €99,757 | -€878 | -0.9% |
| Amounts receivable within one year | 40/41 | €177,011 | €159,225 | -€17,786 | -10.0% |
| Trade receivables | 40 | €116,557 | €99,842 | -€16,714 | -14.3% |
| Other amounts receivable | 41 | €60,454 | €59,383 | -€1,072 | -1.8% |
| Cash at bank and in hand | 54/58 | €6,455 | €74,124 | +€67,670 | +1,048% |
| Deferred charges and accrued income | 490/1 | €2,046 | €3,414 | +€1,367 | +66.8% |
| Total equity and liabilities | 10/49 | €326,587 | €366,635 | +€40,048 | +12.3% |
| Equity | 10/15 | €208,248 | €252,968 | +€44,721 | +21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,788 | €232,508 | +€44,721 | +23.8% |
| Amounts payable | 17/49 | €118,339 | €113,667 | -€4,672 | -3.9% |
| Amounts payable after more than one year | 17 | €19,909 | €14,917 | -€4,993 | -25.1% |
| Financial debts | 170/4 | €19,909 | €14,917 | -€4,993 | -25.1% |
| Amounts payable within one year | 42/48 | €98,427 | €64,908 | -€33,520 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €8,815 | €14,839 | +€6,023 | +68.3% |
| Trade debts | 44 | €44,895 | €12,847 | -€32,048 | -71.4% |
| Suppliers | 440/4 | €44,895 | €12,847 | -€32,048 | -71.4% |
| Taxes, remuneration and social security | 45 | €30,815 | €30,087 | -€729 | -2.4% |
| Taxes | 450/3 | €30,815 | €30,087 | -€729 | -2.4% |
| Other amounts payable | 47/48 | €13,902 | €7,136 | -€6,766 | -48.7% |
| Accrued charges and deferred income | 492/3 | €2 | €33,842 | +€33,840 | +1,458,610% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,383 | €12,883 | +€3,499 | +37.3% |
| Other operating charges | 640/8 | €27,957 | €9,461 | -€18,497 | -66.2% |
| Gross operating margin | 9900 | €69,440 | €90,276 | +€20,836 | +30.0% |
| Operating profit (loss) | 9901 | €32,099 | €67,933 | +€35,834 | +112% |
| Financial income | 75/76B | €1,882 | €2,613 | +€732 | +38.9% |
| Recurring financial income | 75 | €598 | €2,613 | +€2,015 | +337% |
| Non-recurring financial income | 76B | €1,283 | - | -€1,283 | |
| Financial charges | 65/66B | €3,783 | €7,049 | +€3,266 | +86.3% |
| Recurring financial charges | 65 | €3,783 | €7,049 | +€3,266 | +86.3% |
| Profit (loss) for the period before taxes | 9903 | €30,198 | €63,497 | +€33,300 | +110% |
| Income taxes | 67/77 | €15,888 | €18,777 | +€2,889 | +18.2% |
| Profit (loss) for the period | 9904 | €14,310 | €44,721 | +€30,411 | +213% |
| Profit (loss) for the period to be appropriated | 9905 | €14,310 | €44,721 | +€30,411 | +213% |
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 1 November 2026 via checked.be.