ECO IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€25,930
down €25,930 (-1.6%), from €1.6m to €1.6m
of which Land and buildings: -€23,973
- Cash -€18,353
down €18,353 (-9.0%), from €204,807 to €186,454
mainly Debts after one year (-€72,002) and Investment in fixed assets (net) (-€31,099)
- Debts after one year -€72,002
down €72,002 (-7.2%), from €995,524 to €923,522
of which Financial debts: -€72,002
- Profit (loss) carried forward +€25,394
up €25,394 (+5.0%), from €503,395 to €528,789
- Gross operating margin +€60,665
up €60,665 (+81.0%), from €74,869 to €135,534
- Other operating charges +€11,631
up €11,631 (+142.7%), from €8,151 to €19,782
- Depreciation +€9,360
up €9,360 (+19.6%), from €47,669 to €57,029
- Taxes +€9,127
up €9,127 (+10464.6%), from €87 to €9,214
- Financial charges +€3,938
up €3,938 (+12.2%), from €32,325 to €36,263
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 | €1,823,652 | €1,768,236 | -€55,415 | -3.0% |
| Fixed assets | 21/28 | €1,578,315 | €1,552,385 | -€25,930 | -1.6% |
| Tangible fixed assets | 22/27 | €1,578,315 | €1,552,385 | -€25,930 | -1.6% |
| Land and buildings | 22 | €1,534,088 | €1,510,115 | -€23,973 | -1.6% |
| Furniture and vehicles | 24 | €9,227 | €7,269 | -€1,957 | -21.2% |
| Assets under construction and advance payments | 27 | €35,000 | €35,000 | = | 0.0% |
| Current assets | 29/58 | €245,337 | €215,852 | -€29,485 | -12.0% |
| Amounts receivable within one year | 40/41 | €30,099 | €29,398 | -€702 | -2.3% |
| Trade receivables | 40 | €5,013 | €1,740 | -€3,273 | -65.3% |
| Other amounts receivable | 41 | €25,086 | €27,658 | +€2,571 | +10.2% |
| Cash at bank and in hand | 54/58 | €204,807 | €186,454 | -€18,353 | -9.0% |
| Deferred charges and accrued income | 490/1 | €10,431 | - | -€10,431 | |
| Total equity and liabilities | 10/49 | €1,823,652 | €1,768,236 | -€55,415 | -3.0% |
| Equity | 10/15 | €716,520 | €730,889 | +€14,369 | +2.0% |
| Contributions | 10/11 | €26,040 | €26,040 | = | 0.0% |
| Reserves | 13 | €110,530 | €107,161 | -€3,370 | -3.0% |
| Non-distributable reserves | 130/1 | €2,604 | €2,604 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,604 | €2,604 | = | 0.0% |
| Tax-exempt reserves | 132 | €107,070 | €103,700 | -€3,370 | -3.1% |
| Distributable reserves | 133 | €856 | €856 | = | 0.0% |
| Profit (loss) carried forward | 14 | €503,395 | €528,789 | +€25,394 | +5.0% |
| Investment grants | 15 | €76,555 | €68,900 | -€7,656 | -10.0% |
| Provisions and deferred taxes | 16 | €35,690 | €34,567 | -€1,123 | -3.1% |
| Deferred taxes | 168 | €35,690 | €34,567 | -€1,123 | -3.1% |
| Amounts payable | 17/49 | €1,071,441 | €1,002,781 | -€68,661 | -6.4% |
| Amounts payable after more than one year | 17 | €995,524 | €923,522 | -€72,002 | -7.2% |
| Financial debts | 170/4 | €986,581 | €914,579 | -€72,002 | -7.3% |
| Other amounts payable | 178/9 | €8,943 | €8,943 | = | 0.0% |
| Amounts payable within one year | 42/48 | €75,917 | €79,259 | +€3,341 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €62,545 | €68,505 | +€5,960 | +9.5% |
| Trade debts | 44 | €13,373 | €1,540 | -€11,833 | -88.5% |
| Suppliers | 440/4 | €13,373 | €1,540 | -€11,833 | -88.5% |
| Taxes, remuneration and social security | 45 | - | €9,214 | +€9,214 | |
| Taxes | 450/3 | - | €9,214 | +€9,214 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,669 | €57,029 | +€9,360 | +19.6% |
| Other operating charges | 640/8 | €8,151 | €19,782 | +€11,631 | +142.7% |
| Gross operating margin | 9900 | €74,869 | €135,534 | +€60,665 | +81.0% |
| Operating profit (loss) | 9901 | €19,048 | €58,723 | +€39,675 | +208.3% |
| Financial income | 75/76B | €7,656 | €7,656 | +€0 | 0.0% |
| Recurring financial income | 75 | €7,656 | €7,656 | +€0 | 0.0% |
| Financial charges | 65/66B | €32,325 | €36,263 | +€3,938 | +12.2% |
| Recurring financial charges | 65 | €32,325 | €36,263 | +€3,938 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,621 | €30,115 | +€35,737 | |
| Transfer from deferred taxes | 780 | €1,123 | €1,123 | = | 0.0% |
| Income taxes | 67/77 | €87 | €9,214 | +€9,127 | +10464.6% |
| Profit (loss) for the period | 9904 | -€4,585 | €22,024 | +€26,609 | |
| Transfer from tax-exempt reserves | 789 | €3,370 | €3,370 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,216 | €25,394 | +€26,609 |
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 10 October 2026 via checked.be.