ECO 4: 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.
ECO 4
Largest movements
- Cash -€1,109
down €1,109 (-49.1%), from €2,260 to €1,151
mainly Trade debts (-€2,520) and Net result for the year (-€1,417)
- Tangible fixed assets -€333
down €333 (-58.0%), from €574 to €241
- Trade debts -€2,520
down €2,520 (-32.4%), from €7,785 to €5,265
- Other debts +€2,500
up €2,500 (+77.9%), from €3,207 to €5,707
- Profit (loss) carried forward -€1,417
down €1,417 (-54.3%), from -€2,608 to -€4,025
- Gross operating margin +€6,161
up €6,161 (+89.8%), from -€6,864 to -€703
- Other operating charges -€2,139
down €2,139 (-90.4%), from €2,367 to €228
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 | €11,384 | €9,947 | -€1,437 | -12.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €574 | €241 | -€333 | -58.0% |
| Tangible fixed assets | 22/27 | €574 | €241 | -€333 | -58.0% |
| Furniture and vehicles | 24 | €574 | €241 | -€333 | -58.0% |
| Current assets | 29/58 | €10,810 | €9,706 | -€1,104 | -10.2% |
| Amounts receivable within one year | 40/41 | €8,550 | €8,555 | +€5 | +0.1% |
| Trade receivables | 40 | €7,670 | €7,628 | -€42 | -0.5% |
| Other amounts receivable | 41 | €880 | €928 | +€47 | +5.4% |
| Cash at bank and in hand | 54/58 | €2,260 | €1,151 | -€1,109 | -49.1% |
| Total equity and liabilities | 10/49 | €11,384 | €9,947 | -€1,437 | -12.6% |
| Equity | 10/15 | €392 | -€1,025 | -€1,417 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,608 | -€4,025 | -€1,417 | -54.3% |
| Amounts payable | 17/49 | €10,992 | €10,972 | -€20 | -0.2% |
| Amounts payable within one year | 42/48 | €10,992 | €10,972 | -€20 | -0.2% |
| Trade debts | 44 | €7,785 | €5,265 | -€2,520 | -32.4% |
| Suppliers | 440/4 | €7,785 | €5,265 | -€2,520 | -32.4% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Other amounts payable | 47/48 | €3,207 | €5,707 | +€2,500 | +77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333 | €333 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,367 | €228 | -€2,139 | -90.4% |
| Gross operating margin | 9900 | -€6,864 | -€703 | +€6,161 | +89.8% |
| Operating profit (loss) | 9901 | -€9,564 | -€1,264 | +€8,300 | +86.8% |
| Financial income | 75/76B | €1 | €10 | +€9 | +890% |
| Recurring financial income | 75 | €1 | €10 | +€9 | +890% |
| Financial charges | 65/66B | €182 | €163 | -€19 | -10.6% |
| Recurring financial charges | 65 | €182 | €163 | -€19 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,746 | -€1,417 | +€8,329 | +85.5% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€9,746 | -€1,417 | +€8,329 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,746 | -€1,417 | +€8,329 | +85.5% |
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 16 October 2026 via checked.be.