ECCO (Belgium): 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.
ECCO (Belgium)
Largest movements
- Receivables within one year -€950,150
down €950,150 (-74.0%), from €1.3m to €333,413
of which Other amounts receivable: -€976,514
- Cash -€29,295
down €29,295 (-100%), from €29,295 to €0
mainly Other debts (-€968,590) and Trade debts (-€65,460)
- Other debts -€968,590
down €968,590 (-100%), from €968,590 to €0
- Trade debts -€65,460
down €65,460 (-36.7%), from €178,350 to €112,890
- Profit (loss) carried forward +€51,735
up €51,735 (+60.9%), from €85,019 to €136,754
- Financial charges -€78,547
down €78,547 (-85.2%), from €92,181 to €13,634
- Financial income -€38,654
down €38,654 (-67.9%), from €56,909 to €18,256
- Gross operating margin +€13,562
up €13,562 (+9.5%), from €142,991 to €156,553
- Taxes +€13,317
up €13,317 (+127%), from €10,448 to €23,765
- Write-downs +€12,080
up €12,080, from -€10,744 to €1,337
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 | €1,332,768 | €355,717 | -€977,052 | -73.3% |
| Fixed assets | 21/28 | €432 | €0 | -€432 | -100% |
| Tangible fixed assets | 22/27 | €432 | €0 | -€432 | -100% |
| Other tangible fixed assets | 26 | €432 | €0 | -€432 | -100% |
| Current assets | 29/58 | €1,332,336 | €355,717 | -€976,620 | -73.3% |
| Amounts receivable within one year | 40/41 | €1,283,563 | €333,413 | -€950,150 | -74.0% |
| Trade receivables | 40 | €57,323 | €83,687 | +€26,364 | +46.0% |
| Other amounts receivable | 41 | €1,226,240 | €249,727 | -€976,514 | -79.6% |
| Cash at bank and in hand | 54/58 | €29,295 | €0 | -€29,295 | -100% |
| Deferred charges and accrued income | 490/1 | €19,478 | €22,304 | +€2,825 | +14.5% |
| Total equity and liabilities | 10/49 | €1,332,768 | €355,717 | -€977,052 | -73.3% |
| Equity | 10/15 | €103,569 | €155,304 | +€51,735 | +50.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,019 | €136,754 | +€51,735 | +60.9% |
| Amounts payable | 17/49 | €1,229,199 | €200,412 | -€1.0m | -83.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,155,157 | €123,941 | -€1.0m | -89.3% |
| Trade debts | 44 | €178,350 | €112,890 | -€65,460 | -36.7% |
| Suppliers | 440/4 | €178,350 | €112,890 | -€65,460 | -36.7% |
| Taxes, remuneration and social security | 45 | €8,217 | €11,051 | +€2,835 | +34.5% |
| Taxes | 450/3 | €8,217 | €10,990 | +€2,773 | +33.8% |
| Remuneration and social security | 454/9 | €0 | €62 | +€62 | |
| Other amounts payable | 47/48 | €968,590 | €0 | -€968,590 | -100% |
| Accrued charges and deferred income | 492/3 | €74,042 | €76,471 | +€2,428 | +3.3% |
| Remuneration, social security and pensions | 62 | €74,610 | €79,150 | +€4,540 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €472 | €432 | -€40 | -8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,744 | €1,337 | +€12,080 | |
| Other operating charges | 640/8 | €8,562 | €4,756 | -€3,806 | -44.5% |
| Gross operating margin | 9900 | €142,991 | €156,553 | +€13,562 | +9.5% |
| Operating profit (loss) | 9901 | €70,090 | €70,878 | +€788 | +1.1% |
| Financial income | 75/76B | €56,909 | €18,256 | -€38,654 | -67.9% |
| Recurring financial income | 75 | €56,909 | €18,256 | -€38,654 | -67.9% |
| Financial charges | 65/66B | €92,181 | €13,634 | -€78,547 | -85.2% |
| Recurring financial charges | 65 | €92,181 | €13,634 | -€78,547 | -85.2% |
| Profit (loss) for the period before taxes | 9903 | €34,819 | €75,500 | +€40,681 | +117% |
| Income taxes | 67/77 | €10,448 | €23,765 | +€13,317 | +127% |
| Profit (loss) for the period | 9904 | €24,371 | €51,735 | +€27,364 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €24,371 | €51,735 | +€27,364 | +112% |
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 23 October 2026 via checked.be.