BE-ECOLOG: 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.
BE-ECOLOG
Largest movements
- Stocks and contracts -€299,649
down €299,649 (-34.2%), from €877,164 to €577,515
- Receivables within one year -€136,550
down €136,550 (-14.5%), from €942,129 to €805,580
of which Trade receivables: -€126,790
- Tangible fixed assets -€50,154
down €50,154 (-49.3%), from €101,755 to €51,601
of which Furniture and vehicles: -€68,509
- Cash +€39,203
up €39,203 (+1,791%), from €2,188 to €41,391
mainly Stocks and contracts (+€299,649) and Receivables within one year (+€136,550)
- Trade debts -€433,846
down €433,846 (-44.8%), from €967,409 to €533,562
- Tax, wage and social debts -€45,082
down €45,082 (-27.2%), from €165,569 to €120,488
of which Taxes: -€49,059
- Current portion of long-term debt +€20,000
up €20,000 (+19.0%), from €105,000 to €125,000
- Gross operating margin -€266,310
down €266,310 (-53.3%), from €499,580 to €233,271
- Taxes -€82,986
down €82,986 (-85.0%), from €97,603 to €14,617
- Staff costs +€44,514
up €44,514 (+81.8%), from €54,442 to €98,956
- Depreciation -€22,252
down €22,252 (-42.7%), from €52,163 to €29,911
- Other operating charges -€15,563
down €15,563 (-58.1%), from €26,799 to €11,237
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,950,937 | €1,509,188 | -€441,749 | -22.6% |
| Formation expenses | 20 | €1,013 | €603 | -€410 | -40.5% |
| Fixed assets | 21/28 | €127,950 | €79,615 | -€48,335 | -37.8% |
| Intangible fixed assets | 21 | €23,107 | €25,251 | +€2,144 | +9.3% |
| Tangible fixed assets | 22/27 | €101,755 | €51,601 | -€50,154 | -49.3% |
| Land and buildings | 22 | - | €4,514 | +€4,514 | |
| Plant, machinery and equipment | 23 | €1,108 | €14,949 | +€13,841 | +1,250% |
| Furniture and vehicles | 24 | €100,648 | €32,139 | -€68,509 | -68.1% |
| Financial fixed assets | 28 | €3,088 | €2,763 | -€325 | -10.5% |
| Current assets | 29/58 | €1,821,974 | €1,428,970 | -€393,004 | -21.6% |
| Stocks and contracts in progress | 3 | €877,164 | €577,515 | -€299,649 | -34.2% |
| Stocks | 30/36 | €877,164 | €577,515 | -€299,649 | -34.2% |
| Amounts receivable within one year | 40/41 | €942,129 | €805,580 | -€136,550 | -14.5% |
| Trade receivables | 40 | €925,093 | €798,303 | -€126,790 | -13.7% |
| Other amounts receivable | 41 | €17,036 | €7,276 | -€9,759 | -57.3% |
| Cash at bank and in hand | 54/58 | €2,188 | €41,391 | +€39,203 | +1,791% |
| Deferred charges and accrued income | 490/1 | €493 | €4,485 | +€3,992 | +810% |
| Total equity and liabilities | 10/49 | €1,950,937 | €1,509,188 | -€441,749 | -22.6% |
| Equity | 10/15 | €462,954 | €480,139 | +€17,185 | +3.7% |
| Contributions | 10/11 | €8,055 | €8,055 | = | 0.0% |
| Profit (loss) carried forward | 14 | €454,899 | €472,084 | +€17,185 | +3.8% |
| Amounts payable | 17/49 | €1,487,983 | €1,029,050 | -€458,934 | -30.8% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Other amounts payable | 178/9 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,237,983 | €779,050 | -€458,934 | -37.1% |
| Current portion of amounts payable after more than one year | 42 | €105,000 | €125,000 | +€20,000 | +19.0% |
| Financial debts | 43 | €5 | - | -€5 | |
| Credit institutions | 430/8 | €5 | - | -€5 | |
| Trade debts | 44 | €967,409 | €533,562 | -€433,846 | -44.8% |
| Suppliers | 440/4 | €967,409 | €533,562 | -€433,846 | -44.8% |
| Taxes, remuneration and social security | 45 | €165,569 | €120,488 | -€45,082 | -27.2% |
| Taxes | 450/3 | €152,627 | €103,568 | -€49,059 | -32.1% |
| Remuneration and social security | 454/9 | €12,942 | €16,920 | +€3,978 | +30.7% |
| Remuneration, social security and pensions | 62 | €54,442 | €98,956 | +€44,514 | +81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,163 | €29,911 | -€22,252 | -42.7% |
| Other operating charges | 640/8 | €26,799 | €11,237 | -€15,563 | -58.1% |
| Non-recurring operating charges | 66A | - | €52,025 | +€52,025 | |
| Gross operating margin | 9900 | €499,580 | €233,271 | -€266,310 | -53.3% |
| Operating profit (loss) | 9901 | €366,176 | €41,143 | -€325,034 | -88.8% |
| Financial income | 75/76B | €299 | €249 | -€50 | -16.8% |
| Recurring financial income | 75 | €299 | €249 | -€50 | -16.8% |
| Financial charges | 65/66B | €3,993 | €9,590 | +€5,597 | +140% |
| Recurring financial charges | 65 | €3,993 | €9,590 | +€5,597 | +140% |
| Profit (loss) for the period before taxes | 9903 | €362,482 | €31,802 | -€330,680 | -91.2% |
| Income taxes | 67/77 | €97,603 | €14,617 | -€82,986 | -85.0% |
| Profit (loss) for the period | 9904 | €264,879 | €17,185 | -€247,695 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €264,879 | €17,185 | -€247,695 | -93.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.