ECO-LODGES: 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-LODGES
Largest movements
- Cash -€22,382
down €22,382 (-47.7%), from €46,941 to €24,558
mainly Debts after one year (-€44,840) and Investment in fixed assets (net) (-€15,000)
- Tangible fixed assets -€20,293
down €20,293 (-3.0%), from €669,037 to €648,743
of which Leasing and similar rights: -€16,673
- Receivables within one year -€9,796
down €9,796 (-85.5%), from €11,464 to €1,668
of which Other amounts receivable: -€6,654
- Debts after one year -€44,840
down €44,840 (-6.7%), from €666,238 to €621,399
of which Financial debts: -€28,760
- Profit (loss) carried forward -€8,981
no longer reported in 2025 (was €8,981)
- Gross operating margin -€13,686
down €13,686 (-24.4%), from €56,137 to €42,451
- Other operating charges -€2,426
down €2,426 (-72.6%), from €3,341 to €915
- Depreciation +€1,620
up €1,620 (+4.7%), from €34,131 to €35,751
- Taxes -€634
down €634 (-87.9%), from €721 to €87
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 | €728,814 | €675,884 | -€52,929 | -7.3% |
| Fixed assets | 21/28 | €670,409 | €649,658 | -€20,751 | -3.1% |
| Intangible fixed assets | 21 | €1,373 | €915 | -€458 | -33.3% |
| Tangible fixed assets | 22/27 | €669,037 | €648,743 | -€20,293 | -3.0% |
| Land and buildings | 22 | €3,000 | €3,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,122 | €2,829 | -€1,292 | -31.4% |
| Furniture and vehicles | 24 | €11,207 | €8,879 | -€2,329 | -20.8% |
| Leasing and similar rights | 25 | €650,708 | €634,035 | -€16,673 | -2.6% |
| Current assets | 29/58 | €58,405 | €26,226 | -€32,178 | -55.1% |
| Amounts receivable within one year | 40/41 | €11,464 | €1,668 | -€9,796 | -85.5% |
| Trade receivables | 40 | €3,142 | - | -€3,142 | |
| Other amounts receivable | 41 | €8,322 | €1,668 | -€6,654 | -80.0% |
| Cash at bank and in hand | 54/58 | €46,941 | €24,558 | -€22,382 | -47.7% |
| Total equity and liabilities | 10/49 | €728,814 | €675,884 | -€52,929 | -7.3% |
| Equity | 10/15 | €32,364 | €22,723 | -€9,641 | -29.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Other | 1109/19 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €3,384 | €2,723 | -€660 | -19.5% |
| Distributable reserves | 133 | €3,384 | €2,723 | -€660 | -19.5% |
| Profit (loss) carried forward | 14 | €8,981 | - | -€8,981 | |
| Amounts payable | 17/49 | €696,450 | €653,161 | -€43,288 | -6.2% |
| Amounts payable after more than one year | 17 | €666,238 | €621,399 | -€44,840 | -6.7% |
| Financial debts | 170/4 | €348,494 | €319,734 | -€28,760 | -8.3% |
| Other amounts payable | 178/9 | €317,744 | €301,665 | -€16,080 | -5.1% |
| Amounts payable within one year | 42/48 | €30,211 | €30,016 | -€196 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €26,962 | €26,971 | +€9 | 0.0% |
| Trade debts | 44 | €2,640 | €2,435 | -€205 | -7.8% |
| Suppliers | 440/4 | €2,640 | €2,435 | -€205 | -7.8% |
| Taxes, remuneration and social security | 45 | €610 | €610 | = | 0.0% |
| Taxes | 450/3 | €610 | €610 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,747 | +€1,747 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,131 | €35,751 | +€1,620 | +4.7% |
| Other operating charges | 640/8 | €3,341 | €915 | -€2,426 | -72.6% |
| Non-recurring operating charges | 66A | - | €296 | +€296 | |
| Gross operating margin | 9900 | €56,137 | €42,451 | -€13,686 | -24.4% |
| Operating profit (loss) | 9901 | €18,666 | €5,489 | -€13,177 | -70.6% |
| Financial income | 75/76B | €286 | €292 | +€5 | +1.9% |
| Recurring financial income | 75 | €286 | €292 | +€5 | +1.9% |
| Financial charges | 65/66B | €10,025 | €9,692 | -€333 | -3.3% |
| Recurring financial charges | 65 | €10,025 | €9,692 | -€333 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €8,927 | -€3,911 | -€12,838 | |
| Income taxes | 67/77 | €721 | €87 | -€634 | -87.9% |
| Profit (loss) for the period | 9904 | €8,206 | -€3,998 | -€12,204 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,206 | -€3,998 | -€12,204 |
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 23 October 2026 via checked.be.