EC'EAU ENERGY: 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.
EC'EAU ENERGY
Largest movements
- Intangible fixed assets -€24,000
down €24,000 (-44.9%), from €53,458 to €29,458
- Tangible fixed assets -€10,913
down €10,913 (-27.3%), from €40,017 to €29,103
of which Furniture and vehicles: -€8,433
- Cash +€8,009
up €8,009 (+161%), from €4,981 to €12,990
mainly Depreciation (+€35,026) and Other debts (+€13,563)
- Receivables within one year -€5,459
down €5,459 (-27.9%), from €19,543 to €14,085
of which Trade receivables: -€5,978
- Stocks and contracts +€1,582
up €1,582 (+69.6%), from €2,272 to €3,854
- Debts after one year -€22,083
down €22,083 (-38.8%), from €56,965 to €34,883
- Other debts +€13,563
up €13,563 (+27.7%), from €48,878 to €62,442
- Tax, wage and social debts -€9,856
down €9,856 (-86.6%), from €11,383 to €1,526
of which Remuneration and social security: -€10,041
- Trade debts -€7,739
down €7,739 (-69.1%), from €11,195 to €3,456
- Profit (loss) carried forward -€3,625
down €3,625 (-10.5%), from -€34,362 to -€37,987
- Staff costs -€44,266
down €44,266 (-74.4%), from €59,470 to €15,204
- Gross operating margin +€7,002
up €7,002 (+16.1%), from €43,365 to €50,366
- Depreciation -€3,542
down €3,542 (-9.2%), from €38,568 to €35,026
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.
Derived cash bridge
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 | €122,740 | €91,401 | -€31,338 | -25.5% |
| Fixed assets | 21/28 | €93,474 | €58,561 | -€34,913 | -37.4% |
| Intangible fixed assets | 21 | €53,458 | €29,458 | -€24,000 | -44.9% |
| Tangible fixed assets | 22/27 | €40,017 | €29,103 | -€10,913 | -27.3% |
| Plant, machinery and equipment | 23 | €9,033 | €6,553 | -€2,480 | -27.5% |
| Furniture and vehicles | 24 | €30,984 | €22,550 | -€8,433 | -27.2% |
| Current assets | 29/58 | €29,265 | €32,841 | +€3,575 | +12.2% |
| Stocks and contracts in progress | 3 | €2,272 | €3,854 | +€1,582 | +69.6% |
| Stocks | 30/36 | €2,272 | €3,854 | +€1,582 | +69.6% |
| Amounts receivable within one year | 40/41 | €19,543 | €14,085 | -€5,459 | -27.9% |
| Trade receivables | 40 | €16,994 | €11,016 | -€5,978 | -35.2% |
| Other amounts receivable | 41 | €2,550 | €3,069 | +€519 | +20.4% |
| Cash at bank and in hand | 54/58 | €4,981 | €12,990 | +€8,009 | +161% |
| Deferred charges and accrued income | 490/1 | €2,469 | €1,912 | -€556 | -22.5% |
| Total equity and liabilities | 10/49 | €122,740 | €91,401 | -€31,338 | -25.5% |
| Equity | 10/15 | -€29,362 | -€32,987 | -€3,625 | -12.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,362 | -€37,987 | -€3,625 | -10.5% |
| Amounts payable | 17/49 | €152,102 | €124,388 | -€27,714 | -18.2% |
| Amounts payable after more than one year | 17 | €56,965 | €34,883 | -€22,083 | -38.8% |
| Financial debts | 170/4 | €56,965 | €34,883 | -€22,083 | -38.8% |
| Amounts payable within one year | 42/48 | €95,137 | €89,506 | -€5,631 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €23,681 | €22,083 | -€1,598 | -6.7% |
| Trade debts | 44 | €11,195 | €3,456 | -€7,739 | -69.1% |
| Suppliers | 440/4 | €11,195 | €3,456 | -€7,739 | -69.1% |
| Taxes, remuneration and social security | 45 | €11,383 | €1,526 | -€9,856 | -86.6% |
| Taxes | 450/3 | €18 | €203 | +€185 | +1,031% |
| Remuneration and social security | 454/9 | €11,365 | €1,324 | -€10,041 | -88.4% |
| Other amounts payable | 47/48 | €48,878 | €62,442 | +€13,563 | +27.7% |
| Remuneration, social security and pensions | 62 | €59,470 | €15,204 | -€44,266 | -74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,568 | €35,026 | -€3,542 | -9.2% |
| Other operating charges | 640/8 | €868 | €1,051 | +€183 | +21.1% |
| Gross operating margin | 9900 | €43,365 | €50,366 | +€7,002 | +16.1% |
| Operating profit (loss) | 9901 | -€55,541 | -€915 | +€54,626 | +98.4% |
| Financial income | 75/76B | €22 | €1 | -€20 | -93.5% |
| Recurring financial income | 75 | €22 | €1 | -€20 | -93.5% |
| Financial charges | 65/66B | €2,650 | €2,508 | -€141 | -5.3% |
| Recurring financial charges | 65 | €2,650 | €2,508 | -€141 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€58,169 | -€3,422 | +€54,747 | +94.1% |
| Income taxes | 67/77 | €18 | €203 | +€185 | +1,033% |
| Profit (loss) for the period | 9904 | -€58,187 | -€3,625 | +€54,562 | +93.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,187 | -€3,625 | +€54,562 | +93.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.