ECO-KWALITEIT: 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-KWALITEIT
Largest movements
- Tangible fixed assets -€128,345
down €128,345 (-17.0%), from €752,813 to €624,467
of which Furniture and vehicles: -€101,972
- Receivables within one year +€71,183
up €71,183 (+8.5%), from €841,094 to €912,278
of which Trade receivables: +€44,251
- Cash +€51,530
up €51,530 (+49.7%), from €103,739 to €155,270
mainly Depreciation (+€274,939) and Other debts (+€35,433)
- Debts after one year -€104,575
down €104,575 (-9.7%), from €1.1m to €974,335
- Other debts +€35,433
new in 2025: €35,433
- Trade debts +€32,556
up €32,556 (+4.4%), from €734,456 to €767,012
- Gross operating margin +€165,071
up €165,071 (+15.6%), from €1.1m to €1.2m
- Staff costs +€149,932
up €149,932 (+23.6%), from €634,734 to €784,666
- Financial charges +€38,036
up €38,036 (+70.5%), from €53,922 to €91,958
- Depreciation -€28,382
down €28,382 (-9.4%), from €303,321 to €274,939
- Write-downs +€13,137
up €13,137 (+122%), from €10,749 to €23,885
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 | €2,627,658 | €2,619,340 | -€8,318 | -0.3% |
| Fixed assets | 21/28 | €1,669,410 | €1,541,915 | -€127,495 | -7.6% |
| Tangible fixed assets | 22/27 | €752,813 | €624,467 | -€128,345 | -17.0% |
| Land and buildings | 22 | €19,298 | €21,815 | +€2,517 | +13.0% |
| Plant, machinery and equipment | 23 | €134,681 | €112,432 | -€22,249 | -16.5% |
| Furniture and vehicles | 24 | €581,942 | €479,970 | -€101,972 | -17.5% |
| Other tangible fixed assets | 26 | €16,892 | €10,250 | -€6,642 | -39.3% |
| Financial fixed assets | 28 | €916,598 | €917,448 | +€850 | +0.1% |
| Current assets | 29/58 | €958,248 | €1,077,425 | +€119,177 | +12.4% |
| Amounts receivable within one year | 40/41 | €841,094 | €912,278 | +€71,183 | +8.5% |
| Trade receivables | 40 | €718,684 | €762,935 | +€44,251 | +6.2% |
| Other amounts receivable | 41 | €122,411 | €149,343 | +€26,932 | +22.0% |
| Current investments | 50/53 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €103,739 | €155,270 | +€51,530 | +49.7% |
| Deferred charges and accrued income | 490/1 | €13,314 | €9,778 | -€3,537 | -26.6% |
| Total equity and liabilities | 10/49 | €2,627,658 | €2,619,340 | -€8,318 | -0.3% |
| Equity | 10/15 | €519,636 | €526,138 | +€6,502 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €372,131 | €372,131 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €370,271 | €370,271 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,905 | €135,406 | +€6,502 | +5.0% |
| Amounts payable | 17/49 | €2,108,022 | €2,093,202 | -€14,820 | -0.7% |
| Amounts payable after more than one year | 17 | €1,078,910 | €974,335 | -€104,575 | -9.7% |
| Financial debts | 170/4 | €1,078,910 | €974,335 | -€104,575 | -9.7% |
| Amounts payable within one year | 42/48 | €1,029,113 | €1,118,868 | +€89,755 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €180,526 | €184,903 | +€4,376 | +2.4% |
| Trade debts | 44 | €734,456 | €767,012 | +€32,556 | +4.4% |
| Suppliers | 440/4 | €734,456 | €767,012 | +€32,556 | +4.4% |
| Advances received on contracts in progress | 46 | €5,431 | €5,158 | -€272 | -5.0% |
| Taxes, remuneration and social security | 45 | €108,700 | €126,361 | +€17,662 | +16.2% |
| Taxes | 450/3 | €47,179 | €81,590 | +€34,411 | +72.9% |
| Remuneration and social security | 454/9 | €61,520 | €44,772 | -€16,749 | -27.2% |
| Other amounts payable | 47/48 | - | €35,433 | +€35,433 | |
| Non-recurring operating income | 76A | €2,893 | - | -€2,893 | |
| Remuneration, social security and pensions | 62 | €634,734 | €784,666 | +€149,932 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303,321 | €274,939 | -€28,382 | -9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,749 | €23,885 | +€13,137 | +122% |
| Other operating charges | 640/8 | €14,665 | €17,008 | +€2,343 | +16.0% |
| Gross operating margin | 9900 | €1,056,185 | €1,221,256 | +€165,071 | +15.6% |
| Operating profit (loss) | 9901 | €92,716 | €120,758 | +€28,042 | +30.2% |
| Financial income | 75/76B | €1,310 | €1,130 | -€180 | -13.8% |
| Recurring financial income | 75 | €1,310 | €1,130 | -€180 | -13.8% |
| Financial charges | 65/66B | €53,922 | €91,958 | +€38,036 | +70.5% |
| Recurring financial charges | 65 | €53,922 | €91,958 | +€38,036 | +70.5% |
| Profit (loss) for the period before taxes | 9903 | €40,104 | €29,930 | -€10,174 | -25.4% |
| Income taxes | 67/77 | €22,637 | €23,428 | +€791 | +3.5% |
| Profit (loss) for the period | 9904 | €17,467 | €6,502 | -€10,965 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,467 | €6,502 | -€10,965 | -62.8% |
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 27 October 2026 via checked.be.