ECO ADVIES: what changed
What changed
ECO ADVIES
NACE 47.522, Retail trade
filed annual accounts (NBB)
Net result for the year
€12,412
2024 · €1,669+€10,743
Equity
€275,156
2024 · €264,410+€10,746
Cash
€34,586
2024 · €31,078+€3,508
Balance sheet total
€371,294
2024 · €374,985-€3,691
Largest movements
Assets
- Intangible fixed assets -€6,375
down €6,375 (-61.2%), from €10,410 to €4,035
- Receivables within one year +€5,066
up €5,066 (+11.4%), from €44,522 to €49,588
of which Trade receivables: +€5,547
Equity and liabilities
- Debts after one year -€15,318
down €15,318 (-38.6%), from €39,654 to €24,336
- Reserves +€10,746
up €10,746 (+5.3%), from €202,410 to €213,156
of which Distributable reserves: +€16,459
Income statement
- Gross operating margin +€7,959
up €7,959 (+18.8%), from €42,421 to €50,380
- Depreciation -€4,882
down €4,882 (-15.8%), from €30,804 to €25,922
- Other operating charges +€2,155
up €2,155 (+195%), from €1,106 to €3,261
- Financial charges -€2,001
down €2,001 (-24.6%), from €8,130 to €6,129
- Taxes +€1,926
up €1,926 (+261%), from €738 to €2,664
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1,669
Gross operating margin
+€7,959
Depreciation
+€4,882
Other operating charges
-€2,155
Financial income
-€18
Financial charges
+€2,001
Taxes
-€1,926
Result 2025
€12,412
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€36,500
Investment
-€16,695
Financing
-€16,297
Cash 2024
€31,078
From operations (derived)
+€36,500
Net result for the year
+€12,412
Depreciation
+€25,922
Receivables within one year
-€5,066
Deferred charges and accrued income
+€3,038
Trade debts
-€1,016
Tax, wage and social debts
+€2,260
Other debts
-€400
Accrued charges and deferred income
-€650
Investment (derived)
-€16,695
Investment in fixed assets (net)
-€16,690
Current investments
-€5
Financing
-€16,297
Debts after one year
-€15,318
Current portion of long-term debt
+€687
Contributions, distributions and other
-€1,666
Cash 2025
€34,586
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €374,985 | €371,294 | -€3,691 | -1.0% |
| Fixed assets | 21/28 | €292,329 | €283,097 | -€9,232 | -3.2% |
| Intangible fixed assets | 21 | €10,410 | €4,035 | -€6,375 | -61.2% |
| Tangible fixed assets | 22/27 | €280,522 | €277,665 | -€2,857 | -1.0% |
| Land and buildings | 22 | €269,182 | €268,580 | -€602 | -0.2% |
| Plant, machinery and equipment | 23 | €926 | €655 | -€271 | -29.3% |
| Furniture and vehicles | 24 | €185 | €4,268 | +€4,083 | +2,207% |
| Other tangible fixed assets | 26 | €10,229 | €4,162 | -€6,067 | -59.3% |
| Financial fixed assets | 28 | €1,397 | €1,397 | = | 0.0% |
| Current assets | 29/58 | €82,656 | €88,197 | +€5,541 | +6.7% |
| Amounts receivable within one year | 40/41 | €44,522 | €49,588 | +€5,066 | +11.4% |
| Trade receivables | 40 | €44,032 | €49,579 | +€5,547 | +12.6% |
| Other amounts receivable | 41 | €490 | €9 | -€481 | -98.2% |
| Current investments | 50/53 | €1,226 | €1,231 | +€5 | +0.4% |
| Cash at bank and in hand | 54/58 | €31,078 | €34,586 | +€3,508 | +11.3% |
| Deferred charges and accrued income | 490/1 | €5,830 | €2,792 | -€3,038 | -52.1% |
| Total equity and liabilities | 10/49 | €374,985 | €371,294 | -€3,691 | -1.0% |
| Equity | 10/15 | €264,410 | €275,156 | +€10,746 | +4.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €202,410 | €213,156 | +€10,746 | +5.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,059 | €34,346 | -€5,713 | -14.3% |
| Distributable reserves | 133 | €156,151 | €172,610 | +€16,459 | +10.5% |
| Amounts payable | 17/49 | €110,575 | €96,138 | -€14,437 | -13.1% |
| Amounts payable after more than one year | 17 | €39,654 | €24,336 | -€15,318 | -38.6% |
| Financial debts | 170/4 | €39,654 | €24,336 | -€15,318 | -38.6% |
| Amounts payable within one year | 42/48 | €70,271 | €71,802 | +€1,531 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €14,632 | €15,319 | +€687 | +4.7% |
| Trade debts | 44 | €1,025 | €9 | -€1,016 | -99.1% |
| Suppliers | 440/4 | €1,025 | €9 | -€1,016 | -99.1% |
| Taxes, remuneration and social security | 45 | €3,617 | €5,877 | +€2,260 | +62.5% |
| Taxes | 450/3 | €3,617 | €5,877 | +€2,260 | +62.5% |
| Other amounts payable | 47/48 | €50,997 | €50,597 | -€400 | -0.8% |
| Accrued charges and deferred income | 492/3 | €650 | - | -€650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,804 | €25,922 | -€4,882 | -15.8% |
| Other operating charges | 640/8 | €1,106 | €3,261 | +€2,155 | +195% |
| Gross operating margin | 9900 | €42,421 | €50,380 | +€7,959 | +18.8% |
| Operating profit (loss) | 9901 | €10,511 | €21,197 | +€10,686 | +102% |
| Financial income | 75/76B | €26 | €8 | -€18 | -69.2% |
| Recurring financial income | 75 | €26 | €8 | -€18 | -69.2% |
| Financial charges | 65/66B | €8,130 | €6,129 | -€2,001 | -24.6% |
| Recurring financial charges | 65 | €8,130 | €6,129 | -€2,001 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €2,407 | €15,076 | +€12,669 | +526% |
| Income taxes | 67/77 | €738 | €2,664 | +€1,926 | +261% |
| Profit (loss) for the period | 9904 | €1,669 | €12,412 | +€10,743 | +644% |
| Transfer from tax-exempt reserves | 789 | €5,712 | €5,713 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,381 | €18,125 | +€10,744 | +146% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.