ECO LIMO: 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 LIMO
Largest movements
- Receivables within one year -€28,104
down €28,104 (-95.9%), from €29,318 to €1,214
of which Trade receivables: -€28,038
- Cash -€7,258
no longer reported in 2021 (was €7,258)
mainly Trade debts (-€25,854) and Net result for the year (-€7,246)
- Trade debts -€25,854
down €25,854 (-92.5%), from €27,960 to €2,106
- Profit (loss) carried forward -€7,246
down €7,246 (-56.5%), from -€12,835 to -€20,081
- Tax, wage and social debts -€2,585
down €2,585 (-81.4%), from €3,175 to €589
- Purchases and services -€10,016
down €10,016 (-88.8%), from €11,283 to €1,268
- Gross operating margin +€4,292
up €4,292, from -€2,070 to €2,222
- Staff costs +€2,412
up €2,412 (+36.5%), from €6,604 to €9,015
- Turnover -€1,293
no longer reported in 2021 (was €1,293)
- Other operating charges -€941
no longer reported in 2021 (was €941)
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,899 | €1,214 | -€35,685 | -96.7% |
| Fixed assets | 21/28 | €112 | €0 | -€112 | -100% |
| Tangible fixed assets | 22/27 | €112 | €0 | -€112 | -100% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €112 | - | -€112 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €36,787 | €1,214 | -€35,572 | -96.7% |
| Amounts receivable within one year | 40/41 | €29,318 | €1,214 | -€28,104 | -95.9% |
| Trade receivables | 40 | €28,038 | - | -€28,038 | |
| Other amounts receivable | 41 | €1,280 | €1,214 | -€66 | -5.1% |
| Cash at bank and in hand | 54/58 | €7,258 | - | -€7,258 | |
| Deferred charges and accrued income | 490/1 | €210 | - | -€210 | |
| Total equity and liabilities | 10/49 | €36,899 | €1,214 | -€35,685 | -96.7% |
| Equity | 10/15 | €5,765 | -€1,481 | -€7,246 | |
| 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 | |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€12,835 | -€20,081 | -€7,246 | -56.5% |
| Advance to shareholders on the distribution of net assets | 19 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Amounts payable | 17/49 | €31,134 | €2,695 | -€28,439 | -91.3% |
| Amounts payable within one year | 42/48 | €31,134 | €2,695 | -€28,439 | -91.3% |
| Trade debts | 44 | €27,960 | €2,106 | -€25,854 | -92.5% |
| Suppliers | 440/4 | €27,960 | €2,106 | -€25,854 | -92.5% |
| Taxes, remuneration and social security | 45 | €3,175 | €589 | -€2,585 | -81.4% |
| Remuneration and social security | 454/9 | €3,175 | €589 | -€2,585 | -81.4% |
| Turnover | 70 | €1,293 | - | -€1,293 | |
| Non-recurring operating income | 76A | - | €3,488 | +€3,488 | |
| Goods, raw materials, services and sundry goods | 60/61 | €11,283 | €1,268 | -€10,016 | -88.8% |
| Remuneration, social security and pensions | 62 | €6,604 | €9,015 | +€2,412 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181 | €112 | -€68 | -37.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €941 | - | -€941 | |
| Non-recurring operating charges | 66A | €0 | €340 | +€340 | |
| Gross operating margin | 9900 | -€2,070 | €2,222 | +€4,292 | |
| Operating profit (loss) | 9901 | -€9,796 | -€7,246 | +€2,550 | +26.0% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Profit (loss) for the period before taxes | 9903 | -€9,789 | -€7,246 | +€2,543 | +26.0% |
| Profit (loss) for the period | 9904 | -€9,789 | -€7,246 | +€2,543 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,789 | -€7,246 | +€2,543 | +26.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.