ECO Construct: what changed
Two fiscal 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 Construct
Largest movements
- Tangible fixed assets -€4,766
down €4,766 (-70.0%), from €6,803 to €2,038
- Receivables within one year +€1,349
up €1,349 (+4.0%), from €33,696 to €35,045
of which Other amounts receivable: +€6,490
- Cash +€847
up €847 (+150.4%), from €563 to €1,410
mainly Net result for the year (+€6,767) and Depreciation (+€4,766)
- Profit (loss) carried forward +€4,767
up €4,767 (+20.0%), from €23,776 to €28,542
- Tax, wage and social debts -€4,402
down €4,402 (-55.1%), from €7,993 to €3,590
- Trade debts -€3,759
down €3,759 (-91.3%), from €4,118 to €360
- Reserves +€2,000
new in 2025: €2,000
- Other debts -€1,236
no longer reported in 2025 (was €1,236)
- Gross operating margin +€9,612
up €9,612 (+171.0%), from €5,620 to €15,232
- Taxes +€1,917
up €1,917 (+1440.4%), from €133 to €2,050
- Other operating charges +€1,188
up €1,188 (+543.2%), from €219 to €1,407
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.
Cash bridge derived
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 | €41,123 | €38,493 | -€2,630 | -6.4% |
| Fixed assets | 21/28 | €6,803 | €2,038 | -€4,766 | -70.0% |
| Tangible fixed assets | 22/27 | €6,803 | €2,038 | -€4,766 | -70.0% |
| Furniture and vehicles | 24 | €6,803 | €2,038 | -€4,766 | -70.0% |
| Current assets | 29/58 | €34,320 | €36,455 | +€2,136 | +6.2% |
| Amounts receivable within one year | 40/41 | €33,696 | €35,045 | +€1,349 | +4.0% |
| Trade receivables | 40 | €32,583 | €27,442 | -€5,141 | -15.8% |
| Other amounts receivable | 41 | €1,113 | €7,602 | +€6,490 | +583.3% |
| Cash at bank and in hand | 54/58 | €563 | €1,410 | +€847 | +150.4% |
| Deferred charges and accrued income | 490/1 | €60 | - | -€60 | |
| Total equity and liabilities | 10/49 | €41,123 | €38,493 | -€2,630 | -6.4% |
| Equity | 10/15 | €27,776 | €34,542 | +€6,767 | +24.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €2,000 | +€2,000 | |
| Tax-exempt reserves | 132 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €23,776 | €28,542 | +€4,767 | +20.0% |
| Amounts payable | 17/49 | €13,347 | €3,950 | -€9,397 | -70.4% |
| Amounts payable within one year | 42/48 | €13,347 | €3,950 | -€9,397 | -70.4% |
| Trade debts | 44 | €4,118 | €360 | -€3,759 | -91.3% |
| Suppliers | 440/4 | €4,118 | €360 | -€3,759 | -91.3% |
| Taxes, remuneration and social security | 45 | €7,993 | €3,590 | -€4,402 | -55.1% |
| Taxes | 450/3 | €7,993 | €3,590 | -€4,402 | -55.1% |
| Other amounts payable | 47/48 | €1,236 | - | -€1,236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,766 | €4,766 | = | 0.0% |
| Other operating charges | 640/8 | €219 | €1,407 | +€1,188 | +543.2% |
| Gross operating margin | 9900 | €5,620 | €15,232 | +€9,612 | +171.0% |
| Operating profit (loss) | 9901 | €635 | €9,060 | +€8,424 | +1325.7% |
| Financial charges | 65/66B | €190 | €243 | +€53 | +28.1% |
| Recurring financial charges | 65 | €190 | €243 | +€53 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €446 | €8,817 | +€8,371 | +1877.3% |
| Income taxes | 67/77 | €133 | €2,050 | +€1,917 | +1440.4% |
| Profit (loss) for the period | 9904 | €313 | €6,767 | +€6,454 | +2063.1% |
| Profit (loss) for the period to be appropriated | 9905 | €313 | €6,767 | +€6,454 | +2063.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.