ECCOCIQUA: 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.
ECCOCIQUA
Largest movements
- Receivables within one year +€187,723
up €187,723 (+663%), from €28,305 to €216,028
of which Other amounts receivable: +€187,723
- Tangible fixed assets +€21,770
up €21,770 (+68.0%), from €32,028 to €53,799
of which Plant, machinery and equipment: +€23,142
- Cash +€19,226
up €19,226 (+5.5%), from €350,140 to €369,366
mainly Other debts (+€300,000) and Net result for the year (+€200,006)
- Other debts +€300,000
new in 2025: €300,000
- Reserves -€99,994
down €99,994 (-40.5%), from €246,934 to €146,939
- Debts after one year +€19,254
up €19,254 (+1,173%), from €1,641 to €20,895
- Current portion of long-term debt +€7,845
up €7,845 (+169%), from €4,637 to €12,482
- Gross operating margin +€110,095
up €110,095 (+15.6%), from €704,750 to €814,844
- Staff costs +€78,456
up €78,456 (+18.2%), from €431,779 to €510,236
- Taxes +€10,729
up €10,729 (+16.6%), from €64,598 to €75,327
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 | €431,275 | €654,595 | +€223,320 | +51.8% |
| Fixed assets | 21/28 | €36,303 | €53,799 | +€17,495 | +48.2% |
| Tangible fixed assets | 22/27 | €32,028 | €53,799 | +€21,770 | +68.0% |
| Plant, machinery and equipment | 23 | €14,921 | €38,063 | +€23,142 | +155% |
| Furniture and vehicles | 24 | €15,731 | €13,244 | -€2,487 | -15.8% |
| Other tangible fixed assets | 26 | €1,377 | €2,492 | +€1,116 | +81.0% |
| Financial fixed assets | 28 | €4,275 | €0 | -€4,275 | -100% |
| Current assets | 29/58 | €394,972 | €600,796 | +€205,824 | +52.1% |
| Stocks and contracts in progress | 3 | €6,350 | €4,344 | -€2,006 | -31.6% |
| Stocks | 30/36 | €6,350 | €4,344 | -€2,006 | -31.6% |
| Amounts receivable within one year | 40/41 | €28,305 | €216,028 | +€187,723 | +663% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €28,305 | €216,028 | +€187,723 | +663% |
| Cash at bank and in hand | 54/58 | €350,140 | €369,366 | +€19,226 | +5.5% |
| Deferred charges and accrued income | 490/1 | €10,177 | €11,057 | +€881 | +8.7% |
| Total equity and liabilities | 10/49 | €431,275 | €654,595 | +€223,320 | +51.8% |
| Equity | 10/15 | €291,934 | €191,939 | -€99,994 | -34.3% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €246,934 | €146,939 | -€99,994 | -40.5% |
| Distributable reserves | 133 | €246,934 | €146,939 | -€99,994 | -40.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €139,342 | €462,656 | +€323,314 | +232% |
| Amounts payable after more than one year | 17 | €1,641 | €20,895 | +€19,254 | +1,173% |
| Financial debts | 170/4 | €1,641 | €20,895 | +€19,254 | +1,173% |
| Amounts payable within one year | 42/48 | €137,701 | €441,761 | +€304,060 | +221% |
| Current portion of amounts payable after more than one year | 42 | €4,637 | €12,482 | +€7,845 | +169% |
| Trade debts | 44 | €48,714 | €45,250 | -€3,464 | -7.1% |
| Suppliers | 440/4 | €48,714 | €45,250 | -€3,464 | -7.1% |
| Taxes, remuneration and social security | 45 | €84,350 | €84,029 | -€321 | -0.4% |
| Taxes | 450/3 | €36,613 | €33,731 | -€2,882 | -7.9% |
| Remuneration and social security | 454/9 | €47,737 | €50,298 | +€2,562 | +5.4% |
| Other amounts payable | 47/48 | - | €300,000 | +€300,000 | |
| Remuneration, social security and pensions | 62 | €431,779 | €510,236 | +€78,456 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,321 | €14,880 | +€2,559 | +20.8% |
| Other operating charges | 640/8 | €2,928 | €4,850 | +€1,921 | +65.6% |
| Gross operating margin | 9900 | €704,750 | €814,844 | +€110,095 | +15.6% |
| Operating profit (loss) | 9901 | €257,720 | €284,879 | +€27,158 | +10.5% |
| Financial income | 75/76B | €576 | €5,443 | +€4,867 | +844% |
| Recurring financial income | 75 | €576 | €5,443 | +€4,867 | +844% |
| Financial charges | 65/66B | €14,582 | €14,989 | +€407 | +2.8% |
| Recurring financial charges | 65 | €14,582 | €14,989 | +€407 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €243,715 | €275,333 | +€31,618 | +13.0% |
| Income taxes | 67/77 | €64,598 | €75,327 | +€10,729 | +16.6% |
| Profit (loss) for the period | 9904 | €179,117 | €200,006 | +€20,889 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €179,117 | €200,006 | +€20,889 | +11.7% |
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.