ECO CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year +€232,308
up €232,308 (+187%), from €124,036 to €356,344
of which Trade receivables: +€145,426
- Tangible fixed assets -€127,648
down €127,648 (-48.5%), from €262,978 to €135,329
of which Furniture and vehicles: -€117,575
- Cash -€116,082
down €116,082 (-62.6%), from €185,328 to €69,246
mainly Receivables within one year (-€232,308) and Other debts (-€57,192)
- Debts after one year +€59,723
up €59,723 (+89.8%), from €66,489 to €126,211
- Other debts -€57,192
down €57,192 (-56.3%), from €101,632 to €44,440
- Profit (loss) carried forward +€11,313
up €11,313 (+2.5%), from €452,329 to €463,642
- Gross operating margin -€91,933
down €91,933 (-47.6%), from €193,312 to €101,380
- Depreciation -€35,976
down €35,976 (-40.9%), from €87,854 to €51,878
- Taxes -€11,958
down €11,958 (-62.3%), from €19,186 to €7,228
- Other operating charges +€6,870
up €6,870 (+52.5%), from €13,095 to €19,965
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 | €1,070,733 | €1,067,641 | -€3,092 | -0.3% |
| Fixed assets | 21/28 | €752,418 | €624,769 | -€127,648 | -17.0% |
| Tangible fixed assets | 22/27 | €262,978 | €135,329 | -€127,648 | -48.5% |
| Land and buildings | 22 | €2,519 | €2,013 | -€506 | -20.1% |
| Plant, machinery and equipment | 23 | €48,146 | €38,579 | -€9,567 | -19.9% |
| Furniture and vehicles | 24 | €212,313 | €94,737 | -€117,575 | -55.4% |
| Financial fixed assets | 28 | €489,440 | €489,440 | = | 0.0% |
| Current assets | 29/58 | €318,315 | €442,872 | +€124,557 | +39.1% |
| Amounts receivable within one year | 40/41 | €124,036 | €356,344 | +€232,308 | +187% |
| Trade receivables | 40 | €100,036 | €245,463 | +€145,426 | +145% |
| Other amounts receivable | 41 | €23,999 | €110,881 | +€86,882 | +362% |
| Cash at bank and in hand | 54/58 | €185,328 | €69,246 | -€116,082 | -62.6% |
| Deferred charges and accrued income | 490/1 | €8,951 | €17,282 | +€8,331 | +93.1% |
| Total equity and liabilities | 10/49 | €1,070,733 | €1,067,641 | -€3,092 | -0.3% |
| Equity | 10/15 | €675,219 | €684,796 | +€9,577 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €204,290 | €202,554 | -€1,736 | -0.8% |
| Non-distributable reserves | 130/1 | €13,770 | €13,770 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,770 | €13,770 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,308 | €2,572 | -€1,736 | -40.3% |
| Distributable reserves | 133 | €186,212 | €186,212 | = | 0.0% |
| Profit (loss) carried forward | 14 | €452,329 | €463,642 | +€11,313 | +2.5% |
| Provisions and deferred taxes | 16 | €10,453 | €332 | -€10,121 | -96.8% |
| Provisions for liabilities and charges | 160/5 | €9,546 | - | -€9,546 | |
| Environmental obligations | 163 | €9,546 | - | -€9,546 | |
| Deferred taxes | 168 | €907 | €332 | -€575 | -63.4% |
| Amounts payable | 17/49 | €385,061 | €382,514 | -€2,548 | -0.7% |
| Amounts payable after more than one year | 17 | €66,489 | €126,211 | +€59,723 | +89.8% |
| Financial debts | 170/4 | €66,489 | €126,211 | +€59,723 | +89.8% |
| Amounts payable within one year | 42/48 | €318,573 | €256,302 | -€62,271 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €151,155 | €142,411 | -€8,744 | -5.8% |
| Trade debts | 44 | €58,116 | €62,396 | +€4,280 | +7.4% |
| Suppliers | 440/4 | €58,116 | €62,396 | +€4,280 | +7.4% |
| Advances received on contracts in progress | 46 | €3,424 | - | -€3,424 | |
| Taxes, remuneration and social security | 45 | €4,246 | €7,055 | +€2,809 | +66.2% |
| Taxes | 450/3 | €4,246 | €7,055 | +€2,809 | +66.2% |
| Other amounts payable | 47/48 | €101,632 | €44,440 | -€57,192 | -56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,854 | €51,878 | -€35,976 | -40.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€9,546 | -€9,546 | -€0 | 0.0% |
| Other operating charges | 640/8 | €13,095 | €19,965 | +€6,870 | +52.5% |
| Gross operating margin | 9900 | €193,312 | €101,380 | -€91,933 | -47.6% |
| Operating profit (loss) | 9901 | €101,910 | €39,082 | -€62,827 | -61.7% |
| Financial income | 75/76B | €53 | €1,820 | +€1,767 | +3,363% |
| Recurring financial income | 75 | €53 | €1,820 | +€1,767 | +3,363% |
| Financial charges | 65/66B | €24,031 | €24,673 | +€642 | +2.7% |
| Recurring financial charges | 65 | €24,031 | €24,673 | +€642 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €77,931 | €16,229 | -€61,702 | -79.2% |
| Transfer from deferred taxes | 780 | €575 | €575 | = | 0.0% |
| Income taxes | 67/77 | €19,186 | €7,228 | -€11,958 | -62.3% |
| Profit (loss) for the period | 9904 | €59,321 | €9,577 | -€49,744 | -83.9% |
| Transfer from tax-exempt reserves | 789 | €1,736 | €1,736 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,057 | €11,313 | -€49,744 | -81.5% |
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 18 October 2026 via checked.be.