2eco: what changed
Two fiscal 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.
2eco
Largest movements
- Receivables after one year +€57,420
up €57,420 (+162.0%), from €35,440 to €92,860
- Deferred charges and accrued income -€32,620
down €32,620 (-41.5%), from €78,523 to €45,903
- Tangible fixed assets -€7,477
down €7,477 (-12.1%), from €61,916 to €54,439
of which Furniture and vehicles: -€13,627
- Receivables within one year +€4,057
up €4,057 (+4.1%), from €98,721 to €102,778
of which Trade receivables: +€41,217
- Tax, wage and social debts +€36,017
up €36,017 (+181.7%), from €19,819 to €55,836
of which Remuneration and social security: +€24,361
- Accrued charges and deferred income -€15,072
down €15,072 (-28.4%), from €53,073 to €38,000
- Trade debts +€14,169
up €14,169 (+14.7%), from €96,564 to €110,733
- Current portion of long-term debt -€11,547
down €11,547 (-55.1%), from €20,971 to €9,424
- Short-term financial debts -€7,863
down €7,863 (-100.0%), from €7,863 to €0
of which Credit institutions: -€7,863
- Staff costs +€91,650
up €91,650 (+76.4%), from €119,972 to €211,622
- Gross operating margin +€81,996
up €81,996 (+39.5%), from €207,354 to €289,350
- Other operating charges +€16,593
up €16,593 (+91.8%), from €18,083 to €34,676
- Taxes -€9,158
down €9,158 (-69.5%), from €13,184 to €4,025
- Write-downs -€5,905
down €5,905 (-100.0%), from €5,905 to €0
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.
Cash bridge derived
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 | €310,508 | €333,918 | +€23,410 | +7.5% |
| Fixed assets | 21/28 | €62,127 | €54,639 | -€7,489 | -12.1% |
| Intangible fixed assets | 21 | €11 | €0 | -€11 | -100.0% |
| Tangible fixed assets | 22/27 | €61,916 | €54,439 | -€7,477 | -12.1% |
| Plant, machinery and equipment | 23 | €11,424 | €26,574 | +€15,150 | +132.6% |
| Furniture and vehicles | 24 | €41,492 | €27,865 | -€13,627 | -32.8% |
| Assets under construction and advance payments | 27 | €9,000 | €0 | -€9,000 | -100.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €248,381 | €279,280 | +€30,899 | +12.4% |
| Amounts receivable after more than one year | 29 | €35,440 | €92,860 | +€57,420 | +162.0% |
| Other amounts receivable | 291 | €35,440 | €92,860 | +€57,420 | +162.0% |
| Stocks and contracts in progress | 3 | €35,697 | €35,447 | -€250 | -0.7% |
| Stocks | 30/36 | €35,697 | €35,447 | -€250 | -0.7% |
| Amounts receivable within one year | 40/41 | €98,721 | €102,778 | +€4,057 | +4.1% |
| Trade receivables | 40 | €53,586 | €94,803 | +€41,217 | +76.9% |
| Other amounts receivable | 41 | €45,134 | €7,975 | -€37,160 | -82.3% |
| Cash at bank and in hand | 54/58 | €0 | €2,291 | +€2,291 | |
| Deferred charges and accrued income | 490/1 | €78,523 | €45,903 | -€32,620 | -41.5% |
| Total equity and liabilities | 10/49 | €310,508 | €333,918 | +€23,410 | +7.5% |
| Equity | 10/15 | €109,909 | €117,492 | +€7,582 | +6.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €106,909 | €114,492 | +€7,582 | +7.1% |
| Distributable reserves | 133 | €106,909 | €114,492 | +€7,582 | +7.1% |
| Amounts payable | 17/49 | €200,599 | €216,427 | +€15,828 | +7.9% |
| Amounts payable after more than one year | 17 | €2,309 | €0 | -€2,309 | -100.0% |
| Financial debts | 170/4 | €2,309 | €0 | -€2,309 | -100.0% |
| Amounts payable within one year | 42/48 | €145,218 | €178,426 | +€33,209 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €20,971 | €9,424 | -€11,547 | -55.1% |
| Financial debts | 43 | €7,863 | €0 | -€7,863 | -100.0% |
| Credit institutions | 430/8 | €7,863 | €0 | -€7,863 | -100.0% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €96,564 | €110,733 | +€14,169 | +14.7% |
| Suppliers | 440/4 | €96,564 | €110,733 | +€14,169 | +14.7% |
| Taxes, remuneration and social security | 45 | €19,819 | €55,836 | +€36,017 | +181.7% |
| Taxes | 450/3 | €6,206 | €17,862 | +€11,656 | +187.8% |
| Remuneration and social security | 454/9 | €13,613 | €37,974 | +€24,361 | +179.0% |
| Other amounts payable | 47/48 | - | €2,433 | +€2,433 | |
| Accrued charges and deferred income | 492/3 | €53,073 | €38,000 | -€15,072 | -28.4% |
| Remuneration, social security and pensions | 62 | €119,972 | €211,622 | +€91,650 | +76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,636 | €25,107 | +€4,471 | +21.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,905 | €0 | -€5,905 | -100.0% |
| Other operating charges | 640/8 | €18,083 | €34,676 | +€16,593 | +91.8% |
| Gross operating margin | 9900 | €207,354 | €289,350 | +€81,996 | +39.5% |
| Operating profit (loss) | 9901 | €42,759 | €17,946 | -€24,813 | -58.0% |
| Financial income | 75/76B | €1,483 | €220 | -€1,263 | -85.2% |
| Recurring financial income | 75 | €1,483 | €220 | -€1,263 | -85.2% |
| Financial charges | 65/66B | €3,999 | €6,559 | +€2,560 | +64.0% |
| Recurring financial charges | 65 | €3,999 | €6,559 | +€2,560 | +64.0% |
| Profit (loss) for the period before taxes | 9903 | €40,243 | €11,607 | -€28,636 | -71.2% |
| Income taxes | 67/77 | €13,184 | €4,025 | -€9,158 | -69.5% |
| Profit (loss) for the period | 9904 | €27,060 | €7,582 | -€19,477 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,060 | €7,582 | -€19,477 | -72.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.