AB ECOGLOBE: what changed
AB ECOGLOBE
Largest movements
- Receivables within one year +€28,512
up €28,512 (+43.5%), from €65,492 to €94,004
of which Trade receivables: +€20,568
- Cash +€26,776
up €26,776 (+17.2%), from €155,886 to €182,662
mainly Net result for the year (+€40,613) and Depreciation (+€11,368)
- Tangible fixed assets -€12,155
down €12,155 (-23.2%), from €52,315 to €40,159
of which Furniture and vehicles: -€11,755
- Reserves +€40,613
up €40,613 (+19.1%), from €212,609 to €253,222
- Trade debts +€6,474
up €6,474 (+39.2%), from €16,520 to €22,994
- Other debts -€3,666
down €3,666 (-93.3%), from €3,929 to €264
- Tax, wage and social debts -€3,603
down €3,603 (-12.8%), from €28,042 to €24,439
- Gross operating margin -€27,586
down €27,586 (-7.7%), from €357,075 to €329,489
- Taxes -€7,022
down €7,022 (-26.2%), from €26,774 to €19,752
- Staff costs +€5,543
up €5,543 (+2.2%), from €249,107 to €254,650
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,820 | €322,519 | +€40,698 | +14.4% |
| Fixed assets | 21/28 | €53,465 | €41,309 | -€12,155 | -22.7% |
| Tangible fixed assets | 22/27 | €52,315 | €40,159 | -€12,155 | -23.2% |
| Furniture and vehicles | 24 | €48,323 | €36,568 | -€11,755 | -24.3% |
| Other tangible fixed assets | 26 | €3,991 | €3,591 | -€400 | -10.0% |
| Financial fixed assets | 28 | €1,150 | €1,150 | = | 0.0% |
| Current assets | 29/58 | €228,356 | €281,209 | +€52,853 | +23.1% |
| Amounts receivable within one year | 40/41 | €65,492 | €94,004 | +€28,512 | +43.5% |
| Trade receivables | 40 | €51,564 | €72,132 | +€20,568 | +39.9% |
| Other amounts receivable | 41 | €13,927 | €21,871 | +€7,944 | +57.0% |
| Cash at bank and in hand | 54/58 | €155,886 | €182,662 | +€26,776 | +17.2% |
| Deferred charges and accrued income | 490/1 | €6,978 | €4,543 | -€2,435 | -34.9% |
| Total equity and liabilities | 10/49 | €281,820 | €322,519 | +€40,698 | +14.4% |
| Equity | 10/15 | €231,209 | €271,822 | +€40,613 | +17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €212,609 | €253,222 | +€40,613 | +19.1% |
| Distributable reserves | 133 | €212,609 | €253,222 | +€40,613 | +19.1% |
| Amounts payable | 17/49 | €50,611 | €50,696 | +€85 | +0.2% |
| Amounts payable within one year | 42/48 | €50,611 | €50,696 | +€85 | +0.2% |
| Trade debts | 44 | €16,520 | €22,994 | +€6,474 | +39.2% |
| Suppliers | 440/4 | €16,520 | €22,994 | +€6,474 | +39.2% |
| Advances received on contracts in progress | 46 | €2,120 | €3,000 | +€880 | +41.5% |
| Taxes, remuneration and social security | 45 | €28,042 | €24,439 | -€3,603 | -12.8% |
| Remuneration and social security | 454/9 | €28,042 | €24,439 | -€3,603 | -12.8% |
| Other amounts payable | 47/48 | €3,929 | €264 | -€3,666 | -93.3% |
| Remuneration, social security and pensions | 62 | €249,107 | €254,650 | +€5,543 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,896 | €11,368 | +€2,472 | +27.8% |
| Other operating charges | 640/8 | €1,374 | €907 | -€466 | -33.9% |
| Non-recurring operating charges | 66A | - | €2,043 | +€2,043 | |
| Gross operating margin | 9900 | €357,075 | €329,489 | -€27,586 | -7.7% |
| Operating profit (loss) | 9901 | €97,699 | €60,522 | -€37,177 | -38.1% |
| Financial income | 75/76B | €21 | €1 | -€20 | -96.0% |
| Recurring financial income | 75 | €21 | €1 | -€20 | -96.0% |
| Financial charges | 65/66B | €144 | €157 | +€13 | +9.0% |
| Recurring financial charges | 65 | €144 | €157 | +€13 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €97,576 | €60,365 | -€37,211 | -38.1% |
| Income taxes | 67/77 | €26,774 | €19,752 | -€7,022 | -26.2% |
| Profit (loss) for the period | 9904 | €70,802 | €40,613 | -€30,189 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,802 | €40,613 | -€30,189 | -42.6% |
Next steps
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 7 November 2026 via checked.be.