ECO-M: what changed
Two fiscal 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-M
Largest movements
- Receivables after one year +€116,644
up €116,644 (+232.0%), from €50,274 to €166,918
- Receivables within one year -€52,572
down €52,572 (-26.3%), from €200,223 to €147,651
of which Trade receivables: -€65,603
- Cash +€25,030
up €25,030 (+2154.3%), from €1,162 to €26,192
mainly Other debts (+€152,788) and Net result for the year (+€60,650)
- Other debts +€152,788
up €152,788 (+235.1%), from €65,000 to €217,788
- Profit (loss) carried forward -€118,436
down €118,436 (-100.0%), from €118,436 to €0
- Current portion of long-term debt +€34,846
up €34,846 (+372.9%), from €9,344 to €44,190
- Trade debts +€22,494
new in 2024: €22,494
- Debts after one year -€9,768
down €9,768 (-31.9%), from €30,656 to €20,888
- Gross operating margin -€36,701
down €36,701 (-29.8%), from €123,263 to €86,562
- Taxes -€7,243
down €7,243 (-29.9%), from €24,265 to €17,021
- Other operating charges -€4,807
down €4,807 (-82.5%), from €5,827 to €1,020
- Financial charges +€4,342
up €4,342 (+1588.2%), from €273 to €4,616
of which Financial charges: +€4,366
- Depreciation +€2,122
up €2,122 (+187.4%), from €1,132 to €3,255
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €263,559 | €346,876 | +€83,317 | +31.6% |
| Fixed assets | 21/28 | €9,370 | €6,115 | -€3,255 | -34.7% |
| Tangible fixed assets | 22/27 | €9,370 | €6,115 | -€3,255 | -34.7% |
| Furniture and vehicles | 24 | €9,370 | €6,115 | -€3,255 | -34.7% |
| Current assets | 29/58 | €254,189 | €340,761 | +€86,572 | +34.1% |
| Amounts receivable after more than one year | 29 | €50,274 | €166,918 | +€116,644 | +232.0% |
| Other amounts receivable | 291 | €50,274 | €166,918 | +€116,644 | +232.0% |
| Amounts receivable within one year | 40/41 | €200,223 | €147,651 | -€52,572 | -26.3% |
| Trade receivables | 40 | €152,723 | €87,120 | -€65,603 | -43.0% |
| Other amounts receivable | 41 | €47,500 | €60,531 | +€13,031 | +27.4% |
| Cash at bank and in hand | 54/58 | €1,162 | €26,192 | +€25,030 | +2154.3% |
| Deferred charges and accrued income | 490/1 | €2,531 | €0 | -€2,531 | -100.0% |
| Total equity and liabilities | 10/49 | €263,559 | €346,876 | +€83,317 | +31.6% |
| Equity | 10/15 | €120,936 | €2,500 | -€118,436 | -97.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,436 | €0 | -€118,436 | -100.0% |
| Amounts payable | 17/49 | €142,623 | €344,376 | +€201,753 | +141.5% |
| Amounts payable after more than one year | 17 | €30,656 | €20,888 | -€9,768 | -31.9% |
| Financial debts | 170/4 | €30,656 | €20,888 | -€9,768 | -31.9% |
| Amounts payable within one year | 42/48 | €111,967 | €323,488 | +€211,522 | +188.9% |
| Current portion of amounts payable after more than one year | 42 | €9,344 | €44,190 | +€34,846 | +372.9% |
| Trade debts | 44 | - | €22,494 | +€22,494 | |
| Suppliers | 440/4 | - | €22,494 | +€22,494 | |
| Taxes, remuneration and social security | 45 | €37,623 | €39,016 | +€1,393 | +3.7% |
| Taxes | 450/3 | €37,623 | €37,096 | -€527 | -1.4% |
| Remuneration and social security | 454/9 | - | €1,920 | +€1,920 | |
| Other amounts payable | 47/48 | €65,000 | €217,788 | +€152,788 | +235.1% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,132 | €3,255 | +€2,122 | +187.4% |
| Other operating charges | 640/8 | €5,827 | €1,020 | -€4,807 | -82.5% |
| Gross operating margin | 9900 | €123,263 | €86,562 | -€36,701 | -29.8% |
| Operating profit (loss) | 9901 | €116,304 | €82,287 | -€34,017 | -29.2% |
| Financial charges | 65/66B | €273 | €4,616 | +€4,342 | +1588.2% |
| Recurring financial charges | 65 | €249 | €4,616 | +€4,366 | +1750.6% |
| Non-recurring financial charges | 66B | €24 | €0 | -€24 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €116,030 | €77,671 | -€38,359 | -33.1% |
| Income taxes | 67/77 | €24,265 | €17,021 | -€7,243 | -29.9% |
| Profit (loss) for the period | 9904 | €91,766 | €60,650 | -€31,116 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €91,766 | €60,650 | -€31,116 | -33.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.