ECO - INVESTS: 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 - INVESTS
Largest movements
- Tangible fixed assets +€23,425
up €23,425 (+2.8%), from €848,671 to €872,096
of which Land and buildings: +€22,965
- Receivables within one year -€14,572
down €14,572 (-82.6%), from €17,648 to €3,076
of which Other amounts receivable: -€13,809
- Cash +€9,339
up €9,339 (+312.3%), from €2,990 to €12,329
mainly Debts after one year (+€381,843) and Depreciation (+€35,266)
- Debts after one year +€381,843
up €381,843, from €0 to €381,843
- Short-term financial debts -€217,000
down €217,000 (-47.7%), from €455,000 to €238,000
- Other debts -€90,760
down €90,760 (-17.0%), from €535,020 to €444,260
- Profit (loss) carried forward -€58,580
down €58,580 (-18.3%), from -€320,022 to -€378,601
- Current portion of long-term debt +€13,855
up €13,855, from €0 to €13,855
- Gross operating margin +€13,816
up €13,816 (+87.9%), from -€15,718 to -€1,902
- Depreciation +€13,250
up €13,250 (+60.2%), from €22,016 to €35,266
- Financial charges -€10,556
down €10,556 (-29.2%), from €36,203 to €25,647
- Other operating charges -€1,516
down €1,516 (-18.5%), from €8,203 to €6,687
- Financial income -€567
down €567 (-75.5%), from €751 to €184
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 | €880,553 | €899,728 | +€19,176 | +2.2% |
| Fixed assets | 21/28 | €848,671 | €872,096 | +€23,425 | +2.8% |
| Tangible fixed assets | 22/27 | €848,671 | €872,096 | +€23,425 | +2.8% |
| Land and buildings | 22 | €809,370 | €832,334 | +€22,965 | +2.8% |
| Furniture and vehicles | 24 | €39,301 | €39,761 | +€460 | +1.2% |
| Current assets | 29/58 | €31,882 | €27,633 | -€4,249 | -13.3% |
| Stocks and contracts in progress | 3 | €8,968 | €8,968 | = | 0.0% |
| Stocks | 30/36 | €8,968 | €8,968 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,648 | €3,076 | -€14,572 | -82.6% |
| Trade receivables | 40 | €763 | €0 | -€763 | -100.0% |
| Other amounts receivable | 41 | €16,885 | €3,076 | -€13,809 | -81.8% |
| Cash at bank and in hand | 54/58 | €2,990 | €12,329 | +€9,339 | +312.3% |
| Deferred charges and accrued income | 490/1 | €2,275 | €3,260 | +€984 | +43.3% |
| Total equity and liabilities | 10/49 | €880,553 | €899,728 | +€19,176 | +2.2% |
| Equity | 10/15 | -€153,562 | -€220,506 | -€66,944 | -43.6% |
| Contributions | 10/11 | €87,000 | €87,000 | = | 0.0% |
| Capital | 10 | €87,000 | €87,000 | = | 0.0% |
| Issued capital | 100 | €87,000 | €87,000 | = | 0.0% |
| Reserves | 13 | €79,460 | €71,095 | -€8,365 | -10.5% |
| Non-distributable reserves | 130/1 | €155 | €155 | = | 0.0% |
| Legal reserve | 130 | €155 | €155 | = | 0.0% |
| Tax-exempt reserves | 132 | €79,305 | €70,940 | -€8,365 | -10.5% |
| Profit (loss) carried forward | 14 | -€320,022 | -€378,601 | -€58,580 | -18.3% |
| Provisions and deferred taxes | 16 | €26,435 | €23,647 | -€2,788 | -10.5% |
| Deferred taxes | 168 | €26,435 | €23,647 | -€2,788 | -10.5% |
| Amounts payable | 17/49 | €1,007,679 | €1,096,588 | +€88,908 | +8.8% |
| Amounts payable after more than one year | 17 | €0 | €381,843 | +€381,843 | |
| Financial debts | 170/4 | €0 | €381,843 | +€381,843 | |
| Amounts payable within one year | 42/48 | €994,129 | €707,198 | -€286,932 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | €13,855 | +€13,855 | |
| Financial debts | 43 | €455,000 | €238,000 | -€217,000 | -47.7% |
| Credit institutions | 430/8 | €455,000 | €238,000 | -€217,000 | -47.7% |
| Trade debts | 44 | €1,341 | €8,712 | +€7,370 | +549.5% |
| Suppliers | 440/4 | €1,341 | €8,712 | +€7,370 | +549.5% |
| Taxes, remuneration and social security | 45 | €2,768 | €2,371 | -€397 | -14.3% |
| Taxes | 450/3 | €2,768 | €2,371 | -€397 | -14.3% |
| Other amounts payable | 47/48 | €535,020 | €444,260 | -€90,760 | -17.0% |
| Accrued charges and deferred income | 492/3 | €13,550 | €7,547 | -€6,003 | -44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,016 | €35,266 | +€13,250 | +60.2% |
| Other operating charges | 640/8 | €8,203 | €6,687 | -€1,516 | -18.5% |
| Gross operating margin | 9900 | -€15,718 | -€1,902 | +€13,816 | +87.9% |
| Operating profit (loss) | 9901 | -€45,937 | -€43,855 | +€2,082 | +4.5% |
| Financial income | 75/76B | €751 | €184 | -€567 | -75.5% |
| Recurring financial income | 75 | €751 | €184 | -€567 | -75.5% |
| Financial charges | 65/66B | €36,203 | €25,647 | -€10,556 | -29.2% |
| Recurring financial charges | 65 | €36,203 | €25,647 | -€10,556 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | -€81,390 | -€69,318 | +€12,072 | +14.8% |
| Transfer from deferred taxes | 780 | €2,456 | €2,788 | +€333 | +13.5% |
| Income taxes | 67/77 | €424 | €415 | -€9 | -2.1% |
| Profit (loss) for the period | 9904 | -€79,358 | -€66,944 | +€12,413 | +15.6% |
| Transfer from tax-exempt reserves | 789 | €7,367 | €8,365 | +€998 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,991 | -€58,580 | +€13,411 | +18.6% |
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.