ECO LOGIX: 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 LOGIX
Largest movements
- Tangible fixed assets -€436,579
down €436,579 (-29.3%), from €1.5m to €1.1m
of which Leasing and similar rights: -€276,311
- Receivables within one year +€337,200
up €337,200 (+32.1%), from €1.0m to €1.4m
of which Other amounts receivable: +€274,856
- Cash -€251,921
down €251,921 (-42.7%), from €589,299 to €337,378
mainly Other debts (-€519,413) and Debts after one year (-€407,283)
- Other debts -€519,413
down €519,413 (-92.8%), from €559,413 to €40,000
- Debts after one year -€407,283
down €407,283 (-84.3%), from €483,058 to €75,775
- Reserves +€389,240
up €389,240 (+30.8%), from €1.3m to €1.7m
of which Distributable reserves: +€648,155
- Trade debts +€298,501
up €298,501 (+1,598%), from €18,680 to €317,182
- Current portion of long-term debt -€88,540
down €88,540 (-17.5%), from €505,948 to €417,408
- Depreciation -€189,132
down €189,132 (-30.2%), from €625,711 to €436,579
- Gross operating margin -€167,282
down €167,282 (-15.5%), from €1.1m to €908,840
- Other operating charges -€36,998
down €36,998 (-97.0%), from €38,125 to €1,126
- Financial income +€29,226
up €29,226 (+90.3%), from €32,350 to €61,576
- Taxes +€25,044
up €25,044 (+24.5%), from €102,173 to €127,218
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,920,801 | €3,567,705 | -€353,095 | -9.0% |
| Fixed assets | 21/28 | €1,891,460 | €1,454,881 | -€436,579 | -23.1% |
| Tangible fixed assets | 22/27 | €1,488,733 | €1,052,153 | -€436,579 | -29.3% |
| Plant, machinery and equipment | 23 | €652,799 | €492,530 | -€160,268 | -24.6% |
| Leasing and similar rights | 25 | €835,934 | €559,623 | -€276,311 | -33.1% |
| Financial fixed assets | 28 | €402,727 | €402,727 | = | 0.0% |
| Current assets | 29/58 | €2,029,341 | €2,112,825 | +€83,484 | +4.1% |
| Amounts receivable within one year | 40/41 | €1,049,971 | €1,387,171 | +€337,200 | +32.1% |
| Trade receivables | 40 | €85,843 | €148,187 | +€62,344 | +72.6% |
| Other amounts receivable | 41 | €964,128 | €1,238,984 | +€274,856 | +28.5% |
| Current investments | 50/53 | €371,864 | €369,315 | -€2,549 | -0.7% |
| Cash at bank and in hand | 54/58 | €589,299 | €337,378 | -€251,921 | -42.7% |
| Deferred charges and accrued income | 490/1 | €18,207 | €18,961 | +€754 | +4.1% |
| Total equity and liabilities | 10/49 | €3,920,801 | €3,567,705 | -€353,095 | -9.0% |
| Equity | 10/15 | €2,213,000 | €2,602,240 | +€389,240 | +17.6% |
| Contributions | 10/11 | €950,000 | €950,000 | = | 0.0% |
| Reserves | 13 | €1,263,000 | €1,652,240 | +€389,240 | +30.8% |
| Tax-exempt reserves | 132 | €1,263,000 | €1,004,085 | -€258,915 | -20.5% |
| Distributable reserves | 133 | €0 | €648,155 | +€648,155 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €56,090 | €35,994 | -€20,096 | -35.8% |
| Provisions for liabilities and charges | 160/5 | €56,090 | €35,994 | -€20,096 | -35.8% |
| Major repairs and maintenance | 162 | €56,090 | €35,994 | -€20,096 | -35.8% |
| Amounts payable | 17/49 | €1,651,711 | €929,471 | -€722,240 | -43.7% |
| Amounts payable after more than one year | 17 | €483,058 | €75,775 | -€407,283 | -84.3% |
| Financial debts | 170/4 | €483,058 | €75,775 | -€407,283 | -84.3% |
| Amounts payable within one year | 42/48 | €1,084,042 | €774,589 | -€309,452 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €505,948 | €417,408 | -€88,540 | -17.5% |
| Trade debts | 44 | €18,680 | €317,182 | +€298,501 | +1,598% |
| Suppliers | 440/4 | €18,680 | €317,182 | +€298,501 | +1,598% |
| Other amounts payable | 47/48 | €559,413 | €40,000 | -€519,413 | -92.8% |
| Accrued charges and deferred income | 492/3 | €84,611 | €79,107 | -€5,505 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €625,711 | €436,579 | -€189,132 | -30.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€6,565 | -€20,096 | -€13,530 | -206% |
| Other operating charges | 640/8 | €38,125 | €1,126 | -€36,998 | -97.0% |
| Gross operating margin | 9900 | €1,076,122 | €908,840 | -€167,282 | -15.5% |
| Operating profit (loss) | 9901 | €418,852 | €491,230 | +€72,378 | +17.3% |
| Financial income | 75/76B | €32,350 | €61,576 | +€29,226 | +90.3% |
| Recurring financial income | 75 | €32,350 | €61,576 | +€29,226 | +90.3% |
| Financial charges | 65/66B | €59,559 | €36,348 | -€23,210 | -39.0% |
| Recurring financial charges | 65 | €59,559 | €36,348 | -€23,210 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €391,643 | €516,457 | +€124,814 | +31.9% |
| Income taxes | 67/77 | €102,173 | €127,218 | +€25,044 | +24.5% |
| Profit (loss) for the period | 9904 | €289,469 | €389,240 | +€99,770 | +34.5% |
| Transfer from tax-exempt reserves | 789 | - | €427,315 | +€427,315 | |
| Transfer to tax-exempt reserves | 689 | €0 | €168,400 | +€168,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €289,469 | €648,155 | +€358,685 | +124% |
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 13 October 2026 via checked.be.