ECO FINANCES: 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 FINANCES
Largest movements
- Deferred charges and accrued income +€67,000
up €67,000 (+8,886%), from €754 to €67,754
- Receivables within one year -€59,904
down €59,904 (-45.8%), from €130,669 to €70,765
of which Other amounts receivable: -€59,904
- Tangible fixed assets +€41,551
up €41,551 (+4.4%), from €934,805 to €976,356
of which Other tangible fixed assets: +€108,080
- Cash +€12,033
up €12,033 (+24.0%), from €50,168 to €62,201
mainly Trade debts (+€102,898) and Depreciation (+€99,561)
- Trade debts +€102,898
up €102,898 (+89.0%), from €115,667 to €218,565
- Debts after one year -€40,771
down €40,771 (-4.7%), from €864,700 to €823,929
- Tax, wage and social debts +€31,699
new in 2025: €31,699
of which Taxes: +€30,500
- Current portion of long-term debt -€21,175
down €21,175 (-37.5%), from €56,467 to €35,292
- Profit (loss) carried forward -€11,969
down €11,969 (-19.2%), from €62,282 to €50,313
- Gross operating margin +€63,277
up €63,277 (+18.6%), from €339,683 to €402,960
- Financial income -€49,210
no longer reported in 2025 (was €49,210)
- Depreciation +€23,897
up €23,897 (+31.6%), from €75,664 to €99,561
- Financial charges +€22,417
up €22,417 (+134%), from €16,766 to €39,183
- Taxes -€16,015
down €16,015 (-31.1%), from €51,551 to €35,536
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 | €1,119,576 | €1,180,257 | +€60,681 | +5.4% |
| Fixed assets | 21/28 | €937,985 | €979,536 | +€41,551 | +4.4% |
| Tangible fixed assets | 22/27 | €934,805 | €976,356 | +€41,551 | +4.4% |
| Land and buildings | 22 | €706,691 | €669,692 | -€36,999 | -5.2% |
| Furniture and vehicles | 24 | €161,555 | €132,025 | -€29,530 | -18.3% |
| Other tangible fixed assets | 26 | €66,559 | €174,639 | +€108,080 | +162% |
| Financial fixed assets | 28 | €3,180 | €3,180 | = | 0.0% |
| Current assets | 29/58 | €181,591 | €200,720 | +€19,129 | +10.5% |
| Amounts receivable within one year | 40/41 | €130,669 | €70,765 | -€59,904 | -45.8% |
| Trade receivables | 40 | €19,222 | €19,222 | = | 0.0% |
| Other amounts receivable | 41 | €111,447 | €51,543 | -€59,904 | -53.8% |
| Cash at bank and in hand | 54/58 | €50,168 | €62,201 | +€12,033 | +24.0% |
| Deferred charges and accrued income | 490/1 | €754 | €67,754 | +€67,000 | +8,886% |
| Total equity and liabilities | 10/49 | €1,119,576 | €1,180,257 | +€60,681 | +5.4% |
| Equity | 10/15 | €82,742 | €70,773 | -€11,969 | -14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,282 | €50,313 | -€11,969 | -19.2% |
| Amounts payable | 17/49 | €1,036,834 | €1,109,484 | +€72,650 | +7.0% |
| Amounts payable after more than one year | 17 | €864,700 | €823,929 | -€40,771 | -4.7% |
| Financial debts | 170/4 | €864,700 | €823,929 | -€40,771 | -4.7% |
| Amounts payable within one year | 42/48 | €172,134 | €285,555 | +€113,421 | +65.9% |
| Current portion of amounts payable after more than one year | 42 | €56,467 | €35,292 | -€21,175 | -37.5% |
| Trade debts | 44 | €115,667 | €218,565 | +€102,898 | +89.0% |
| Suppliers | 440/4 | €115,667 | €218,565 | +€102,898 | +89.0% |
| Taxes, remuneration and social security | 45 | - | €31,699 | +€31,699 | |
| Taxes | 450/3 | - | €30,500 | +€30,500 | |
| Remuneration and social security | 454/9 | - | €1,199 | +€1,199 | |
| Remuneration, social security and pensions | 62 | €191,122 | €188,662 | -€2,460 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,664 | €99,561 | +€23,897 | +31.6% |
| Other operating charges | 640/8 | €15,217 | €1,989 | -€13,228 | -86.9% |
| Gross operating margin | 9900 | €339,683 | €402,960 | +€63,277 | +18.6% |
| Operating profit (loss) | 9901 | €57,680 | €112,749 | +€55,069 | +95.5% |
| Financial income | 75/76B | €49,210 | - | -€49,210 | |
| Recurring financial income | 75 | €49,210 | - | -€49,210 | |
| Financial charges | 65/66B | €16,766 | €39,183 | +€22,417 | +134% |
| Recurring financial charges | 65 | €16,766 | €39,183 | +€22,417 | +134% |
| Profit (loss) for the period before taxes | 9903 | €90,124 | €73,567 | -€16,557 | -18.4% |
| Income taxes | 67/77 | €51,551 | €35,536 | -€16,015 | -31.1% |
| Profit (loss) for the period | 9904 | €38,573 | €38,031 | -€542 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,573 | €38,031 | -€542 | -1.4% |
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 20 October 2026 via checked.be.