ECO-DEV: 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-DEV
Largest movements
- Cash -€61,086
down €61,086 (-97.0%), from €62,943 to €1,857
mainly Net result for the year (-€160,596) and Trade debts (-€4,801)
- Stocks and contracts -€48,834
down €48,834 (-23.1%), from €211,383 to €162,549
- Profit (loss) carried forward -€160,596
down €160,596 (-29.7%), from -€541,223 to -€701,819
- Accrued charges and deferred income +€50,842
up €50,842 (+136.4%), from €37,276 to €88,118
- Gross operating margin +€49,667
up €49,667 (+37.3%), from -€133,179 to -€83,512
- Financial charges -€29,900
down €29,900 (-30.4%), from €98,267 to €68,366
- Depreciation -€4,268
down €4,268 (-75.0%), from €5,691 to €1,423
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 | €808,105 | €693,499 | -€114,606 | -14.2% |
| Fixed assets | 21/28 | €503,176 | €501,753 | -€1,423 | -0.3% |
| Intangible fixed assets | 21 | €2,097 | €1,878 | -€219 | -10.4% |
| Tangible fixed assets | 22/27 | €26,079 | €24,875 | -€1,204 | -4.6% |
| Furniture and vehicles | 24 | €6,892 | €6,585 | -€306 | -4.4% |
| Other tangible fixed assets | 26 | €19,187 | €18,290 | -€898 | -4.7% |
| Financial fixed assets | 28 | €475,000 | €475,000 | = | 0.0% |
| Current assets | 29/58 | €304,929 | €191,746 | -€113,183 | -37.1% |
| Stocks and contracts in progress | 3 | €211,383 | €162,549 | -€48,834 | -23.1% |
| Stocks | 30/36 | €211,383 | €162,549 | -€48,834 | -23.1% |
| Amounts receivable within one year | 40/41 | €30,144 | €27,029 | -€3,114 | -10.3% |
| Trade receivables | 40 | €2,301 | - | -€2,301 | |
| Other amounts receivable | 41 | €27,843 | €27,029 | -€813 | -2.9% |
| Cash at bank and in hand | 54/58 | €62,943 | €1,857 | -€61,086 | -97.0% |
| Deferred charges and accrued income | 490/1 | €459 | €310 | -€149 | -32.5% |
| Total equity and liabilities | 10/49 | €808,105 | €693,499 | -€114,606 | -14.2% |
| Equity | 10/15 | -€13,223 | -€173,819 | -€160,596 | -1214.5% |
| Contributions | 10/11 | €528,000 | €528,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€541,223 | -€701,819 | -€160,596 | -29.7% |
| Amounts payable | 17/49 | €821,328 | €867,318 | +€45,990 | +5.6% |
| Amounts payable after more than one year | 17 | €320,000 | €320,000 | = | 0.0% |
| Financial debts | 170/4 | €320,000 | €320,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €464,052 | €459,201 | -€4,851 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | €450,000 | €450,000 | = | 0.0% |
| Credit institutions | 430/8 | €450,000 | €450,000 | = | 0.0% |
| Trade debts | 44 | €13,481 | €8,680 | -€4,801 | -35.6% |
| Suppliers | 440/4 | €13,481 | €8,680 | -€4,801 | -35.6% |
| Taxes, remuneration and social security | 45 | €50 | - | -€50 | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €50 | - | -€50 | |
| Other amounts payable | 47/48 | €521 | €521 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €37,276 | €88,118 | +€50,842 | +136.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,691 | €1,423 | -€4,268 | -75.0% |
| Other operating charges | 640/8 | €2,617 | €1,798 | -€819 | -31.3% |
| Non-recurring operating charges | 66A | - | €5,555 | +€5,555 | |
| Gross operating margin | 9900 | -€133,179 | -€83,512 | +€49,667 | +37.3% |
| Operating profit (loss) | 9901 | -€141,487 | -€92,288 | +€49,199 | +34.8% |
| Financial income | 75/76B | €33 | €58 | +€25 | +75.8% |
| Recurring financial income | 75 | €33 | €58 | +€25 | +75.8% |
| Financial charges | 65/66B | €98,267 | €68,366 | -€29,900 | -30.4% |
| Recurring financial charges | 65 | €98,267 | €68,366 | -€29,900 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | -€239,721 | -€160,596 | +€79,124 | +33.0% |
| Profit (loss) for the period | 9904 | -€239,721 | -€160,596 | +€79,124 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€239,721 | -€160,596 | +€79,124 | +33.0% |
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 11 October 2026 via checked.be.