ECV TECHNICS: what changed
What changed
ECV TECHNICS
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€14,202
2024 · €10,904+€3,298
Equity
€229,418
2024 · €215,216+€14,202
Cash
€81,844
2024 · €116,849-€35,005
Balance sheet total
€505,904
2024 · €514,808-€8,903
Largest movements
Assets
- Receivables within one year +€41,779
up €41,779 (+131%), from €31,776 to €73,555
of which Trade receivables: +€38,703
- Cash -€35,005
down €35,005 (-30.0%), from €116,849 to €81,844
mainly Receivables within one year (-€41,779) and Debts after one year (-€32,517)
- Tangible fixed assets -€21,977
down €21,977 (-8.1%), from €269,861 to €247,884
of which Furniture and vehicles: -€14,939
Equity and liabilities
- Debts after one year -€32,517
down €32,517 (-23.9%), from €136,146 to €103,629
- Trade debts +€26,106
up €26,106 (+27.8%), from €93,995 to €120,101
- Profit (loss) carried forward +€14,202
up €14,202 (+7.3%), from €195,106 to €209,308
- Other debts -€11,684
down €11,684 (-58.5%), from €19,964 to €8,280
Income statement
- Gross operating margin +€45,952
up €45,952 (+22.3%), from €205,956 to €251,908
- Staff costs +€37,493
up €37,493 (+27.0%), from €139,083 to €176,576
- Depreciation +€3,115
up €3,115 (+6.8%), from €45,734 to €48,849
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,904
Gross operating margin
+€45,952
Staff costs
-€37,493
Depreciation
-€3,115
Other operating charges
-€1,482
Financial income
-€92
Financial charges
+€1,057
Taxes
-€1,529
Result 2025
€14,202
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€27,216
Investment
-€26,873
Financing
-€35,348
Cash 2024
€116,849
From operations (derived)
+€27,216
Net result for the year
+€14,202
Depreciation
+€48,849
Stocks and contracts
-€3,394
Receivables within one year
-€41,779
Deferred charges and accrued income
-€2,905
Trade debts
+€26,106
Tax, wage and social debts
-€929
Other debts
-€11,684
Accrued charges and deferred income
-€1,250
Investment (derived)
-€26,873
Investment in fixed assets (net)
-€26,873
Financing
-€35,348
Debts after one year
-€32,517
Current portion of long-term debt
-€2,832
Cash 2025
€81,844
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €514,808 | €505,904 | -€8,903 | -1.7% |
| Fixed assets | 21/28 | €270,621 | €248,644 | -€21,977 | -8.1% |
| Tangible fixed assets | 22/27 | €269,861 | €247,884 | -€21,977 | -8.1% |
| Land and buildings | 22 | €154,426 | €161,210 | +€6,784 | +4.4% |
| Plant, machinery and equipment | 23 | €45,838 | €32,017 | -€13,821 | -30.2% |
| Furniture and vehicles | 24 | €69,597 | €54,657 | -€14,939 | -21.5% |
| Financial fixed assets | 28 | €760 | €760 | = | 0.0% |
| Current assets | 29/58 | €244,187 | €257,260 | +€13,073 | +5.4% |
| Stocks and contracts in progress | 3 | €71,619 | €75,014 | +€3,394 | +4.7% |
| Stocks | 30/36 | €71,619 | €75,014 | +€3,394 | +4.7% |
| Amounts receivable within one year | 40/41 | €31,776 | €73,555 | +€41,779 | +131% |
| Trade receivables | 40 | €29,652 | €68,355 | +€38,703 | +131% |
| Other amounts receivable | 41 | €2,123 | €5,200 | +€3,076 | +145% |
| Cash at bank and in hand | 54/58 | €116,849 | €81,844 | -€35,005 | -30.0% |
| Deferred charges and accrued income | 490/1 | €23,943 | €26,848 | +€2,905 | +12.1% |
| Total equity and liabilities | 10/49 | €514,808 | €505,904 | -€8,903 | -1.7% |
| Equity | 10/15 | €215,216 | €229,418 | +€14,202 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,510 | €1,510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,510 | €1,510 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,510 | €1,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,106 | €209,308 | +€14,202 | +7.3% |
| Amounts payable | 17/49 | €299,592 | €276,486 | -€23,106 | -7.7% |
| Amounts payable after more than one year | 17 | €136,146 | €103,629 | -€32,517 | -23.9% |
| Financial debts | 170/4 | €136,146 | €103,629 | -€32,517 | -23.9% |
| Amounts payable within one year | 42/48 | €162,196 | €172,857 | +€10,661 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €35,348 | €32,517 | -€2,832 | -8.0% |
| Trade debts | 44 | €93,995 | €120,101 | +€26,106 | +27.8% |
| Suppliers | 440/4 | €93,995 | €120,101 | +€26,106 | +27.8% |
| Taxes, remuneration and social security | 45 | €12,888 | €11,959 | -€929 | -7.2% |
| Taxes | 450/3 | €309 | €3,728 | +€3,420 | +1,107% |
| Remuneration and social security | 454/9 | €12,580 | €8,231 | -€4,349 | -34.6% |
| Other amounts payable | 47/48 | €19,964 | €8,280 | -€11,684 | -58.5% |
| Accrued charges and deferred income | 492/3 | €1,250 | - | -€1,250 | |
| Non-recurring operating income | 76A | - | €2,890 | +€2,890 | |
| Remuneration, social security and pensions | 62 | €139,083 | €176,576 | +€37,493 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,734 | €48,849 | +€3,115 | +6.8% |
| Other operating charges | 640/8 | €1,549 | €3,032 | +€1,482 | +95.7% |
| Gross operating margin | 9900 | €205,956 | €251,908 | +€45,952 | +22.3% |
| Operating profit (loss) | 9901 | €19,589 | €23,451 | +€3,862 | +19.7% |
| Financial income | 75/76B | €290 | €199 | -€92 | -31.6% |
| Recurring financial income | 75 | €290 | €199 | -€92 | -31.6% |
| Financial charges | 65/66B | €5,957 | €4,900 | -€1,057 | -17.7% |
| Recurring financial charges | 65 | €5,957 | €4,900 | -€1,057 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €13,923 | €18,750 | +€4,827 | +34.7% |
| Income taxes | 67/77 | €3,019 | €4,548 | +€1,529 | +50.6% |
| Profit (loss) for the period | 9904 | €10,904 | €14,202 | +€3,298 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,904 | €14,202 | +€3,298 | +30.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.