ECO LOGIC: 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 LOGIC
Largest movements
- Current investments +€76,224
up €76,224 (+16.1%), from €473,789 to €550,013
- Cash +€9,950
up €9,950 (+7.8%), from €127,533 to €137,482
mainly Net result for the year (+€118,769) and Other debts (+€27,541)
- Reserves +€59,192
up €59,192 (+10.3%), from €574,436 to €633,628
- Other debts +€27,541
up €27,541 (+109.6%), from €25,131 to €52,672
- Gross operating margin -€23,510
down €23,510 (-12.5%), from €188,723 to €165,213
- Taxes -€7,675
down €7,675 (-12.3%), from €62,541 to €54,866
- Financial charges -€3,679
down €3,679 (-93.5%), from €3,934 to €256
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 | €628,533 | €710,496 | +€81,963 | +13.0% |
| Fixed assets | 21/28 | €600 | €1,751 | +€1,151 | +191.9% |
| Tangible fixed assets | 22/27 | - | €1,151 | +€1,151 | |
| Furniture and vehicles | 24 | - | €1,151 | +€1,151 | |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €627,933 | €708,745 | +€80,812 | +12.9% |
| Amounts receivable within one year | 40/41 | €23,878 | €18,773 | -€5,106 | -21.4% |
| Trade receivables | 40 | €23,281 | €18,175 | -€5,105 | -21.9% |
| Other amounts receivable | 41 | €598 | €597 | -€0 | 0.0% |
| Current investments | 50/53 | €473,789 | €550,013 | +€76,224 | +16.1% |
| Cash at bank and in hand | 54/58 | €127,533 | €137,482 | +€9,950 | +7.8% |
| Deferred charges and accrued income | 490/1 | €2,733 | €2,476 | -€256 | -9.4% |
| Total equity and liabilities | 10/49 | €628,533 | €710,496 | +€81,963 | +13.0% |
| Equity | 10/15 | €587,136 | €646,328 | +€59,192 | +10.1% |
| Contributions | 10/11 | €12,700 | €12,700 | = | 0.0% |
| Reserves | 13 | €574,436 | €633,628 | +€59,192 | +10.3% |
| Distributable reserves | 133 | €574,436 | €633,628 | +€59,192 | +10.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,397 | €64,168 | +€22,771 | +55.0% |
| Amounts payable within one year | 42/48 | €38,038 | €61,174 | +€23,136 | +60.8% |
| Trade debts | 44 | €2,473 | €1,110 | -€1,363 | -55.1% |
| Suppliers | 440/4 | €2,473 | €1,110 | -€1,363 | -55.1% |
| Taxes, remuneration and social security | 45 | €10,434 | €7,392 | -€3,042 | -29.2% |
| Taxes | 450/3 | €10,434 | €7,392 | -€3,042 | -29.2% |
| Other amounts payable | 47/48 | €25,131 | €52,672 | +€27,541 | +109.6% |
| Accrued charges and deferred income | 492/3 | €3,359 | €2,994 | -€365 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €269 | +€269 | |
| Other operating charges | 640/8 | €1,261 | €1,296 | +€35 | +2.8% |
| Gross operating margin | 9900 | €188,723 | €165,213 | -€23,510 | -12.5% |
| Operating profit (loss) | 9901 | €187,462 | €163,648 | -€23,814 | -12.7% |
| Financial income | 75/76B | €10,425 | €10,242 | -€183 | -1.8% |
| Recurring financial income | 75 | €10,425 | €10,242 | -€183 | -1.8% |
| Financial charges | 65/66B | €3,934 | €256 | -€3,679 | -93.5% |
| Recurring financial charges | 65 | €3,934 | €256 | -€3,679 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | €193,953 | €173,635 | -€20,318 | -10.5% |
| Income taxes | 67/77 | €62,541 | €54,866 | -€7,675 | -12.3% |
| Profit (loss) for the period | 9904 | €131,412 | €118,769 | -€12,643 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €131,412 | €118,769 | -€12,643 | -9.6% |
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.