ECO FRIENDLY: what changed
ECO FRIENDLY
Largest movements
- Tangible fixed assets -€14,874
down €14,874 (-4.9%), from €303,838 to €288,964
of which Land and buildings: -€13,738
- Cash +€14,241
up €14,241 (+12.8%), from €110,953 to €125,194
mainly Net result for the year (+€24,654) and Depreciation (+€14,874)
- Stocks and contracts -€6,943
down €6,943 (-17.2%), from €40,283 to €33,340
- Reserves +€24,654
up €24,654 (+19.2%), from €128,647 to €153,301
of which Distributable reserves: +€24,654
- Debts after one year -€18,645
down €18,645 (-22.8%), from €81,952 to €63,307
- Tax, wage and social debts -€10,324
down €10,324 (-78.7%), from €13,124 to €2,800
of which Remuneration and social security: -€10,374
- Trade debts -€7,079
down €7,079 (-37.8%), from €18,744 to €11,665
- Staff costs -€24,365
down €24,365 (-40.9%), from €59,559 to €35,194
- Gross operating margin -€5,636
down €5,636 (-5.8%), from €96,839 to €91,202
- Taxes +€5,135
up €5,135 (+109%), from €4,699 to €9,834
- Financial charges -€1,627
down €1,627 (-43.6%), from €3,733 to €2,106
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 | €468,603 | €457,743 | -€10,860 | -2.3% |
| Fixed assets | 21/28 | €303,838 | €288,964 | -€14,874 | -4.9% |
| Tangible fixed assets | 22/27 | €303,838 | €288,964 | -€14,874 | -4.9% |
| Land and buildings | 22 | €302,360 | €288,622 | -€13,738 | -4.5% |
| Plant, machinery and equipment | 23 | €496 | - | -€496 | |
| Furniture and vehicles | 24 | €982 | €342 | -€640 | -65.2% |
| Current assets | 29/58 | €164,766 | €168,779 | +€4,014 | +2.4% |
| Stocks and contracts in progress | 3 | €40,283 | €33,340 | -€6,943 | -17.2% |
| Stocks | 30/36 | €40,283 | €33,340 | -€6,943 | -17.2% |
| Amounts receivable within one year | 40/41 | €13,073 | €8,978 | -€4,095 | -31.3% |
| Trade receivables | 40 | €1,490 | €1,056 | -€434 | -29.1% |
| Other amounts receivable | 41 | €11,583 | €7,923 | -€3,660 | -31.6% |
| Cash at bank and in hand | 54/58 | €110,953 | €125,194 | +€14,241 | +12.8% |
| Deferred charges and accrued income | 490/1 | €457 | €1,267 | +€810 | +177% |
| Total equity and liabilities | 10/49 | €468,603 | €457,743 | -€10,860 | -2.3% |
| Equity | 10/15 | €142,147 | €166,801 | +€24,654 | +17.3% |
| Contributions | 10/11 | €13,500 | €13,500 | = | 0.0% |
| Reserves | 13 | €128,647 | €153,301 | +€24,654 | +19.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €126,647 | €151,301 | +€24,654 | +19.5% |
| Amounts payable | 17/49 | €326,456 | €290,942 | -€35,514 | -10.9% |
| Amounts payable after more than one year | 17 | €81,952 | €63,307 | -€18,645 | -22.8% |
| Financial debts | 170/4 | €81,952 | €63,307 | -€18,645 | -22.8% |
| Amounts payable within one year | 42/48 | €244,504 | €227,635 | -€16,869 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €18,266 | €18,645 | +€379 | +2.1% |
| Trade debts | 44 | €18,744 | €11,665 | -€7,079 | -37.8% |
| Suppliers | 440/4 | €18,744 | €11,665 | -€7,079 | -37.8% |
| Taxes, remuneration and social security | 45 | €13,124 | €2,800 | -€10,324 | -78.7% |
| Taxes | 450/3 | - | €50 | +€50 | |
| Remuneration and social security | 454/9 | €13,124 | €2,750 | -€10,374 | -79.0% |
| Other amounts payable | 47/48 | €194,370 | €194,525 | +€155 | +0.1% |
| Non-recurring operating income | 76A | €69 | - | -€69 | |
| Remuneration, social security and pensions | 62 | €59,559 | €35,194 | -€24,365 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,874 | €14,874 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,820 | €3,396 | -€424 | -11.1% |
| Non-recurring operating charges | 66A | - | €1,695 | +€1,695 | |
| Gross operating margin | 9900 | €96,839 | €91,202 | -€5,636 | -5.8% |
| Operating profit (loss) | 9901 | €18,586 | €36,043 | +€17,457 | +93.9% |
| Financial income | 75/76B | €1,011 | €551 | -€460 | -45.5% |
| Recurring financial income | 75 | €1,011 | €551 | -€460 | -45.5% |
| Financial charges | 65/66B | €3,733 | €2,106 | -€1,627 | -43.6% |
| Recurring financial charges | 65 | €3,733 | €2,106 | -€1,627 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €15,864 | €34,488 | +€18,624 | +117% |
| Income taxes | 67/77 | €4,699 | €9,834 | +€5,135 | +109% |
| Profit (loss) for the period | 9904 | €11,165 | €24,654 | +€13,489 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €11,165 | €24,654 | +€13,489 | +121% |
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 4 November 2026 via checked.be.