ECO-FAP: what changed
ECO-FAP
Largest movements
- Stocks and contracts +€31,145
up €31,145 (+286%), from €10,890 to €42,035
- Tangible fixed assets +€19,752
up €19,752 (+3,432%), from €576 to €20,327
of which Other tangible fixed assets: +€13,790
- Receivables within one year +€5,366
up €5,366 (+48.6%), from €11,047 to €16,412
- Cash +€4,817
up €4,817 (+28.4%), from €16,949 to €21,766
mainly Net result for the year (+€31,576) and Trade debts (+€21,647)
- Profit (loss) carried forward +€31,576
up €31,576 (+700%), from €4,514 to €36,090
- Trade debts +€21,647
up €21,647 (+217%), from €9,992 to €31,639
- Tax, wage and social debts +€13,452
up €13,452 (+435%), from €3,093 to €16,545
of which Taxes: +€11,191
- Other debts -€5,596
down €5,596 (-47.2%), from €11,862 to €6,266
- Gross operating margin +€56,241
up €56,241 (+925%), from €6,079 to €62,320
- Staff costs +€20,564
new in 2025: €20,564
- Taxes +€6,645
up €6,645 (+595%), from €1,116 to €7,762
- Depreciation +€1,404
up €1,404 (+5,206%), from €27 to €1,431
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,461 | €100,540 | +€61,079 | +155% |
| Fixed assets | 21/28 | €576 | €20,327 | +€19,752 | +3,432% |
| Tangible fixed assets | 22/27 | €576 | €20,327 | +€19,752 | +3,432% |
| Plant, machinery and equipment | 23 | - | €3,100 | +€3,100 | |
| Furniture and vehicles | 24 | €576 | €3,437 | +€2,862 | +497% |
| Other tangible fixed assets | 26 | - | €13,790 | +€13,790 | |
| Current assets | 29/58 | €38,886 | €80,213 | +€41,327 | +106% |
| Stocks and contracts in progress | 3 | €10,890 | €42,035 | +€31,145 | +286% |
| Stocks | 30/36 | €10,890 | €42,035 | +€31,145 | +286% |
| Amounts receivable within one year | 40/41 | €11,047 | €16,412 | +€5,366 | +48.6% |
| Trade receivables | 40 | €11,047 | €16,412 | +€5,366 | +48.6% |
| Cash at bank and in hand | 54/58 | €16,949 | €21,766 | +€4,817 | +28.4% |
| Total equity and liabilities | 10/49 | €39,461 | €100,540 | +€61,079 | +155% |
| Equity | 10/15 | €14,514 | €46,090 | +€31,576 | +218% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,514 | €36,090 | +€31,576 | +700% |
| Amounts payable | 17/49 | €24,947 | €54,450 | +€29,503 | +118% |
| Amounts payable within one year | 42/48 | €24,947 | €54,450 | +€29,503 | +118% |
| Trade debts | 44 | €9,992 | €31,639 | +€21,647 | +217% |
| Suppliers | 440/4 | €9,992 | €31,639 | +€21,647 | +217% |
| Taxes, remuneration and social security | 45 | €3,093 | €16,545 | +€13,452 | +435% |
| Taxes | 450/3 | €3,093 | €14,284 | +€11,191 | +362% |
| Remuneration and social security | 454/9 | - | €2,261 | +€2,261 | |
| Other amounts payable | 47/48 | €11,862 | €6,266 | -€5,596 | -47.2% |
| Remuneration, social security and pensions | 62 | - | €20,564 | +€20,564 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27 | €1,431 | +€1,404 | +5,206% |
| Other operating charges | 640/8 | €387 | €935 | +€548 | +141% |
| Gross operating margin | 9900 | €6,079 | €62,320 | +€56,241 | +925% |
| Operating profit (loss) | 9901 | €5,665 | €39,390 | +€33,725 | +595% |
| Financial income | 75/76B | - | €97 | +€97 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Non-recurring financial income | 76B | - | €67 | +€67 | |
| Financial charges | 65/66B | €35 | €150 | +€115 | +330% |
| Recurring financial charges | 65 | €35 | €150 | +€115 | +330% |
| Profit (loss) for the period before taxes | 9903 | €5,630 | €39,338 | +€33,707 | +599% |
| Income taxes | 67/77 | €1,116 | €7,762 | +€6,645 | +595% |
| Profit (loss) for the period | 9904 | €4,514 | €31,576 | +€27,062 | +600% |
| Profit (loss) for the period to be appropriated | 9905 | €4,514 | €31,576 | +€27,062 | +600% |
Next steps
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 1 November 2026 via checked.be.