E-CO-GEN: 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.
E-CO-GEN
Largest movements
- Tangible fixed assets +€28,169
up €28,169 (+194%), from €14,517 to €42,686
of which Furniture and vehicles: +€28,738
- Receivables within one year +€14,673
up €14,673 (+94.0%), from €15,607 to €30,280
of which Trade receivables: +€10,749
- Cash +€3,193
up €3,193 (+48.5%), from €6,586 to €9,779
mainly Debts after one year (+€24,197) and Net result for the year (+€16,423)
- Stocks and contracts -€2,000
down €2,000 (-7.7%), from €26,000 to €24,000
- Debts after one year +€24,197
new in 2023: €24,197
- Other debts -€16,457
down €16,457 (-63.1%), from €26,073 to €9,616
- Reserves +€12,589
up €12,589 (+123%), from €10,264 to €22,853
- Tax, wage and social debts +€7,969
up €7,969 (+308%), from €2,590 to €10,559
- Current portion of long-term debt +€6,579
new in 2023: €6,579
- Turnover +€33,106
up €33,106 (+13.2%), from €251,520 to €284,626
- Gross operating margin +€31,641
up €31,641 (+4,772%), from €663 to €32,304
- Depreciation +€5,143
up €5,143 (+159%), from €3,233 to €8,376
- Taxes +€4,119
up €4,119 (+1,287%), from €320 to €4,439
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,710 | €106,745 | +€44,035 | +70.2% |
| Fixed assets | 21/28 | €14,517 | €42,686 | +€28,169 | +194% |
| Tangible fixed assets | 22/27 | €14,517 | €42,686 | +€28,169 | +194% |
| Plant, machinery and equipment | 23 | €3,447 | €2,878 | -€569 | -16.5% |
| Furniture and vehicles | 24 | €11,070 | €39,808 | +€28,738 | +260% |
| Current assets | 29/58 | €48,193 | €64,059 | +€15,866 | +32.9% |
| Stocks and contracts in progress | 3 | €26,000 | €24,000 | -€2,000 | -7.7% |
| Contracts in progress | 37 | €26,000 | €24,000 | -€2,000 | -7.7% |
| Amounts receivable within one year | 40/41 | €15,607 | €30,280 | +€14,673 | +94.0% |
| Trade receivables | 40 | €11,523 | €22,272 | +€10,749 | +93.3% |
| Other amounts receivable | 41 | €4,084 | €8,008 | +€3,924 | +96.1% |
| Cash at bank and in hand | 54/58 | €6,586 | €9,779 | +€3,193 | +48.5% |
| Total equity and liabilities | 10/49 | €62,710 | €106,745 | +€44,035 | +70.2% |
| Equity | 10/15 | €16,430 | €32,853 | +€16,423 | +100.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €10,264 | €22,853 | +€12,589 | +123% |
| Distributable reserves | 133 | €10,264 | €22,853 | +€12,589 | +123% |
| Profit (loss) carried forward | 14 | -€3,834 | - | +€3,834 | |
| Amounts payable | 17/49 | €46,280 | €73,892 | +€27,612 | +59.7% |
| Amounts payable after more than one year | 17 | - | €24,197 | +€24,197 | |
| Financial debts | 170/4 | - | €24,197 | +€24,197 | |
| Amounts payable within one year | 42/48 | €46,280 | €49,695 | +€3,415 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,579 | +€6,579 | |
| Financial debts | 43 | - | €2,371 | +€2,371 | |
| Credit institutions | 430/8 | - | €2,371 | +€2,371 | |
| Trade debts | 44 | €17,617 | €14,006 | -€3,611 | -20.5% |
| Suppliers | 440/4 | €17,617 | €14,006 | -€3,611 | -20.5% |
| Advances received on contracts in progress | 46 | - | €6,564 | +€6,564 | |
| Taxes, remuneration and social security | 45 | €2,590 | €10,559 | +€7,969 | +308% |
| Taxes | 450/3 | €2,590 | €10,559 | +€7,969 | +308% |
| Other amounts payable | 47/48 | €26,073 | €9,616 | -€16,457 | -63.1% |
| Turnover | 70 | €251,520 | €284,626 | +€33,106 | +13.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €250,857 | €252,322 | +€1,465 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,233 | €8,376 | +€5,143 | +159% |
| Other operating charges | 640/8 | €573 | €1,707 | +€1,134 | +198% |
| Gross operating margin | 9900 | €663 | €32,304 | +€31,641 | +4,772% |
| Operating profit (loss) | 9901 | -€3,143 | €22,221 | +€25,364 | |
| Financial charges | 65/66B | €371 | €1,359 | +€988 | +266% |
| Recurring financial charges | 65 | €371 | €1,359 | +€988 | +266% |
| Profit (loss) for the period before taxes | 9903 | -€3,514 | €20,862 | +€24,376 | |
| Income taxes | 67/77 | €320 | €4,439 | +€4,119 | +1,287% |
| Profit (loss) for the period | 9904 | -€3,834 | €16,423 | +€20,257 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,834 | €16,423 | +€20,257 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.