ECO CONCEPT START: 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 START
Largest movements
- Receivables within one year -€28,957
down €28,957 (-87.7%), from €33,031 to €4,074
of which Trade receivables: -€27,462
- Tangible fixed assets -€3,229
down €3,229 (-29.6%), from €10,904 to €7,675
of which Furniture and vehicles: -€1,765
- Cash +€2,867
up €2,867 (+42.0%), from €6,829 to €9,696
mainly Receivables within one year (+€28,957) and Depreciation (+€5,101)
- Intangible fixed assets -€1,047
down €1,047 (-74.9%), from €1,397 to €350
- Profit (loss) carried forward -€20,038
down €20,038, from €19,422 to -€616
- Trade debts -€12,127
down €12,127 (-70.2%), from €17,287 to €5,160
- Other debts +€1,743
up €1,743 (+42.8%), from €4,076 to €5,819
- Gross operating margin -€53,626
down €53,626, from €39,219 to -€14,407
- Staff costs -€24,868
down €24,868 (-100%), from €24,868 to €0
- Depreciation +€819
up €819 (+19.1%), from €4,282 to €5,101
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,161 | €21,795 | -€30,366 | -58.2% |
| Fixed assets | 21/28 | €12,301 | €8,025 | -€4,276 | -34.8% |
| Intangible fixed assets | 21 | €1,397 | €350 | -€1,047 | -74.9% |
| Tangible fixed assets | 22/27 | €10,904 | €7,675 | -€3,229 | -29.6% |
| Plant, machinery and equipment | 23 | €5,183 | €3,719 | -€1,464 | -28.2% |
| Furniture and vehicles | 24 | €5,721 | €3,956 | -€1,765 | -30.9% |
| Current assets | 29/58 | €39,860 | €13,770 | -€26,090 | -65.5% |
| Amounts receivable within one year | 40/41 | €33,031 | €4,074 | -€28,957 | -87.7% |
| Trade receivables | 40 | €27,462 | €0 | -€27,462 | -100% |
| Other amounts receivable | 41 | €5,569 | €4,074 | -€1,495 | -26.8% |
| Cash at bank and in hand | 54/58 | €6,829 | €9,696 | +€2,867 | +42.0% |
| Total equity and liabilities | 10/49 | €52,161 | €21,795 | -€30,366 | -58.2% |
| Equity | 10/15 | €29,422 | €9,384 | -€20,038 | -68.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,422 | -€616 | -€20,038 | |
| Amounts payable | 17/49 | €22,739 | €12,411 | -€10,328 | -45.4% |
| Amounts payable within one year | 42/48 | €22,739 | €12,411 | -€10,328 | -45.4% |
| Trade debts | 44 | €17,287 | €5,160 | -€12,127 | -70.2% |
| Suppliers | 440/4 | €17,287 | €5,160 | -€12,127 | -70.2% |
| Taxes, remuneration and social security | 45 | €1,376 | €1,432 | +€56 | +4.1% |
| Taxes | 450/3 | €10 | €10 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,366 | €1,422 | +€56 | +4.1% |
| Other amounts payable | 47/48 | €4,076 | €5,819 | +€1,743 | +42.8% |
| Remuneration, social security and pensions | 62 | €24,868 | €0 | -€24,868 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,282 | €5,101 | +€819 | +19.1% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Non-recurring operating charges | 66A | €896 | €0 | -€896 | -100% |
| Gross operating margin | 9900 | €39,219 | -€14,407 | -€53,626 | |
| Operating profit (loss) | 9901 | €8,789 | -€19,895 | -€28,684 | |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €159 | €143 | -€16 | -10.1% |
| Recurring financial charges | 65 | €159 | €143 | -€16 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €8,630 | -€20,038 | -€28,668 | |
| Profit (loss) for the period | 9904 | €8,630 | -€20,038 | -€28,668 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,630 | -€20,038 | -€28,668 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.