New E.C.S.T.: 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.
New E.C.S.T.
Largest movements
- Tangible fixed assets -€57,227
down €57,227 (-4.5%), from €1.3m to €1.2m
- Cash +€15,802
up €15,802 (+3,087%), from €512 to €16,314
mainly Depreciation (+€62,487) and Other debts (+€20,000)
- Profit (loss) carried forward -€53,934
down €53,934 (-23.6%), from -€229,014 to -€282,948
- Other debts +€20,000
up €20,000 (+1.6%), from €1.2m to €1.2m
- Other operating charges -€4,139
down €4,139 (-42.5%), from €9,749 to €5,610
- Gross operating margin -€1,408
down €1,408 (-9.0%), from €15,601 to €14,193
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 | €1,267,441 | €1,233,505 | -€33,936 | -2.7% |
| Fixed assets | 21/28 | €1,266,930 | €1,209,703 | -€57,227 | -4.5% |
| Tangible fixed assets | 22/27 | €1,266,930 | €1,209,703 | -€57,227 | -4.5% |
| Land and buildings | 22 | €1,266,930 | €1,209,703 | -€57,227 | -4.5% |
| Current assets | 29/58 | €512 | €23,803 | +€23,291 | +4,550% |
| Amounts receivable within one year | 40/41 | - | €7,489 | +€7,489 | |
| Other amounts receivable | 41 | - | €7,489 | +€7,489 | |
| Cash at bank and in hand | 54/58 | €512 | €16,314 | +€15,802 | +3,087% |
| Total equity and liabilities | 10/49 | €1,267,441 | €1,233,505 | -€33,936 | -2.7% |
| Equity | 10/15 | €43,879 | -€10,055 | -€53,934 | |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€229,014 | -€282,948 | -€53,934 | -23.6% |
| Amounts payable | 17/49 | €1,223,562 | €1,243,560 | +€19,998 | +1.6% |
| Amounts payable within one year | 42/48 | €1,223,562 | €1,243,560 | +€19,998 | +1.6% |
| Trade debts | 44 | €100 | €98 | -€2 | -2.0% |
| Suppliers | 440/4 | €100 | €98 | -€2 | -2.0% |
| Other amounts payable | 47/48 | €1,223,462 | €1,243,462 | +€20,000 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,376 | €62,487 | +€111 | +0.2% |
| Other operating charges | 640/8 | €9,749 | €5,610 | -€4,139 | -42.5% |
| Gross operating margin | 9900 | €15,601 | €14,193 | -€1,408 | -9.0% |
| Operating profit (loss) | 9901 | -€56,525 | -€53,904 | +€2,621 | +4.6% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€56,553 | -€53,934 | +€2,619 | +4.6% |
| Profit (loss) for the period | 9904 | -€56,553 | -€53,934 | +€2,619 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,553 | -€53,934 | +€2,619 | +4.6% |
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 15 October 2026 via checked.be.