ECORUS: what changed
What changed
ECORUS
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
-€416
2024 · -€15,201+€14,785
Equity
€72,491
2024 · €72,907-€416
Cash
€205,772
2024 · €121,782+€83,991
Balance sheet total
€515,327
2024 · €258,495+€256,832
Largest movements
Assets
- Receivables within one year +€185,996
up €185,996 (+176%), from €105,738 to €291,734
of which Trade receivables: +€211,387
- Cash +€83,991
up €83,991 (+69.0%), from €121,782 to €205,772
mainly Other debts (+€228,098) and Trade debts (+€42,347)
- Tangible fixed assets -€12,267
down €12,267 (-74.1%), from €16,559 to €4,292
of which Leasing and similar rights: -€9,163
Equity and liabilities
- Other debts +€228,098
new in 2025: €228,098
- Trade debts +€42,347
up €42,347 (+148%), from €28,652 to €70,999
- Debts after one year -€13,982
down €13,982 (-100%), from €13,982 to €0
Income statement
- Staff costs -€176,237
down €176,237 (-22.4%), from €786,838 to €610,601
- Gross operating margin -€152,342
down €152,342 (-19.1%), from €799,171 to €646,830
- Financial charges +€9,734
up €9,734 (+118%), from €8,280 to €18,014
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
-€15,201
Gross operating margin
-€152,342
Staff costs
+€176,237
Depreciation
+€4,688
Other operating charges
+€552
Financial income
-€1,184
Financial charges
-€9,734
Taxes
-€3,432
Result 2025
-€416
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
+€93,705
Investment
€0
Financing
-€9,714
Cash 2024
€121,782
From operations (derived)
+€93,705
Net result for the year
-€416
Depreciation
+€12,267
Receivables within one year
-€185,996
Deferred charges and accrued income
+€887
Trade debts
+€42,347
Tax, wage and social debts
-€1,312
Other debts
+€228,098
Accrued charges and deferred income
-€2,171
Financing
-€9,714
Debts after one year
-€13,982
Current portion of long-term debt
+€4,268
Cash 2025
€205,772
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €258,495 | €515,327 | +€256,832 | +99.4% |
| Fixed assets | 21/28 | €16,559 | €4,292 | -€12,267 | -74.1% |
| Tangible fixed assets | 22/27 | €16,559 | €4,292 | -€12,267 | -74.1% |
| Plant, machinery and equipment | 23 | €517 | €0 | -€517 | -100% |
| Furniture and vehicles | 24 | €6,879 | €4,292 | -€2,587 | -37.6% |
| Leasing and similar rights | 25 | €9,163 | €0 | -€9,163 | -100% |
| Current assets | 29/58 | €241,936 | €511,035 | +€269,099 | +111% |
| Amounts receivable within one year | 40/41 | €105,738 | €291,734 | +€185,996 | +176% |
| Trade receivables | 40 | €80,346 | €291,734 | +€211,387 | +263% |
| Other amounts receivable | 41 | €25,391 | €0 | -€25,391 | -100% |
| Cash at bank and in hand | 54/58 | €121,782 | €205,772 | +€83,991 | +69.0% |
| Deferred charges and accrued income | 490/1 | €14,417 | €13,530 | -€887 | -6.2% |
| Total equity and liabilities | 10/49 | €258,495 | €515,327 | +€256,832 | +99.4% |
| Equity | 10/15 | €72,907 | €72,491 | -€416 | -0.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €10,907 | €10,491 | -€416 | -3.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €4,707 | €4,291 | -€416 | -8.8% |
| Amounts payable | 17/49 | €185,588 | €442,836 | +€257,248 | +139% |
| Amounts payable after more than one year | 17 | €13,982 | €0 | -€13,982 | -100% |
| Financial debts | 170/4 | €13,982 | €0 | -€13,982 | -100% |
| Amounts payable within one year | 42/48 | €167,537 | €440,938 | +€273,401 | +163% |
| Current portion of amounts payable after more than one year | 42 | €9,714 | €13,982 | +€4,268 | +43.9% |
| Trade debts | 44 | €28,652 | €70,999 | +€42,347 | +148% |
| Suppliers | 440/4 | €28,652 | €70,999 | +€42,347 | +148% |
| Taxes, remuneration and social security | 45 | €129,172 | €127,860 | -€1,312 | -1.0% |
| Taxes | 450/3 | €25,776 | €32,983 | +€7,207 | +28.0% |
| Remuneration and social security | 454/9 | €103,396 | €94,877 | -€8,519 | -8.2% |
| Other amounts payable | 47/48 | - | €228,098 | +€228,098 | |
| Accrued charges and deferred income | 492/3 | €4,069 | €1,898 | -€2,171 | -53.4% |
| Remuneration, social security and pensions | 62 | €786,838 | €610,601 | -€176,237 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,955 | €12,267 | -€4,688 | -27.6% |
| Other operating charges | 640/8 | €1,971 | €1,420 | -€552 | -28.0% |
| Gross operating margin | 9900 | €799,171 | €646,830 | -€152,342 | -19.1% |
| Operating profit (loss) | 9901 | -€6,592 | €22,542 | +€29,135 | |
| Financial income | 75/76B | €1,184 | €0 | -€1,184 | -100% |
| Recurring financial income | 75 | €1,184 | €0 | -€1,184 | -100% |
| Financial charges | 65/66B | €8,280 | €18,014 | +€9,734 | +118% |
| Recurring financial charges | 65 | €8,280 | €18,014 | +€9,734 | +118% |
| Profit (loss) for the period before taxes | 9903 | -€13,688 | €4,529 | +€18,216 | |
| Income taxes | 67/77 | €1,513 | €4,945 | +€3,432 | +227% |
| Profit (loss) for the period | 9904 | -€15,201 | -€416 | +€14,785 | +97.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,201 | -€416 | +€14,785 | +97.3% |
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 2 November 2026 via checked.be.