ECO-MANAGEMENT: 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-MANAGEMENT
Largest movements
- Tangible fixed assets +€244,635
up €244,635 (+389%), from €62,820 to €307,455
of which Land and buildings: +€257,568
- Receivables within one year +€63,009
up €63,009 (+64.3%), from €97,926 to €160,935
of which Other amounts receivable: +€55,163
- Cash -€59,918
down €59,918 (-58.8%), from €101,900 to €41,981
mainly Investment in fixed assets (net) (-€258,400) and Receivables within one year (-€63,009)
- Deferred charges and accrued income -€55,580
down €55,580 (-99.1%), from €56,080 to €500
- Debts after one year +€126,817
up €126,817 (+53.6%), from €236,700 to €363,517
- Profit (loss) carried forward +€64,860
up €64,860 (+8.8%), from €737,579 to €802,439
- Financial income -€1.6m
down €1.6m (-98.1%), from €1.7m to €31,525
of which Non-recurring financial income: -€1.5m
- Gross operating margin -€65,544
down €65,544 (-44.5%), from €147,407 to €81,863
- Financial charges -€51,640
down €51,640 (-79.2%), from €65,210 to €13,569
- Taxes +€7,293
up €7,293 (+70.8%), from €10,296 to €17,588
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.
Derived cash bridge
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 | €2,988,483 | €3,179,540 | +€191,057 | +6.4% |
| Fixed assets | 21/28 | €2,622,975 | €2,867,611 | +€244,635 | +9.3% |
| Tangible fixed assets | 22/27 | €62,820 | €307,455 | +€244,635 | +389% |
| Land and buildings | 22 | €26,046 | €283,613 | +€257,568 | +989% |
| Furniture and vehicles | 24 | €4,153 | €1,193 | -€2,960 | -71.3% |
| Leasing and similar rights | 25 | €28,424 | €19,267 | -€9,157 | -32.2% |
| Other tangible fixed assets | 26 | €4,197 | €3,382 | -€815 | -19.4% |
| Financial fixed assets | 28 | €2,560,155 | €2,560,155 | = | 0.0% |
| Current assets | 29/58 | €365,508 | €311,929 | -€53,579 | -14.7% |
| Amounts receivable after more than one year | 29 | €106,740 | €108,513 | +€1,773 | +1.7% |
| Other amounts receivable | 291 | €106,740 | €108,513 | +€1,773 | +1.7% |
| Stocks and contracts in progress | 3 | €2,862 | €0 | -€2,862 | -100% |
| Stocks | 30/36 | €2,862 | €0 | -€2,862 | -100% |
| Amounts receivable within one year | 40/41 | €97,926 | €160,935 | +€63,009 | +64.3% |
| Trade receivables | 40 | €51,996 | €59,842 | +€7,846 | +15.1% |
| Other amounts receivable | 41 | €45,930 | €101,093 | +€55,163 | +120% |
| Cash at bank and in hand | 54/58 | €101,900 | €41,981 | -€59,918 | -58.8% |
| Deferred charges and accrued income | 490/1 | €56,080 | €500 | -€55,580 | -99.1% |
| Total equity and liabilities | 10/49 | €2,988,483 | €3,179,540 | +€191,057 | +6.4% |
| Equity | 10/15 | €2,526,784 | €2,591,644 | +€64,860 | +2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,783,005 | €1,783,005 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,532,367 | €1,532,367 | = | 0.0% |
| Distributable reserves | 133 | €248,778 | €248,778 | = | 0.0% |
| Profit (loss) carried forward | 14 | €737,579 | €802,439 | +€64,860 | +8.8% |
| Amounts payable | 17/49 | €461,699 | €587,896 | +€126,197 | +27.3% |
| Amounts payable after more than one year | 17 | €236,700 | €363,517 | +€126,817 | +53.6% |
| Financial debts | 170/4 | €236,700 | €363,517 | +€126,817 | +53.6% |
| Amounts payable within one year | 42/48 | €224,999 | €215,432 | -€9,567 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €84,561 | €78,271 | -€6,290 | -7.4% |
| Trade debts | 44 | €20,973 | €37,267 | +€16,294 | +77.7% |
| Suppliers | 440/4 | €20,973 | €37,267 | +€16,294 | +77.7% |
| Taxes, remuneration and social security | 45 | €5,226 | €8,667 | +€3,441 | +65.8% |
| Taxes | 450/3 | €5,226 | €8,667 | +€3,441 | +65.8% |
| Other amounts payable | 47/48 | €114,240 | €91,227 | -€23,012 | -20.1% |
| Accrued charges and deferred income | 492/3 | €0 | €8,947 | +€8,947 | |
| Non-recurring operating income | 76A | €30,433 | €0 | -€30,433 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,438 | €13,765 | +€326 | +2.4% |
| Other operating charges | 640/8 | €3,475 | €2,747 | -€728 | -20.9% |
| Non-recurring operating charges | 66A | €5,667 | €0 | -€5,667 | -100% |
| Gross operating margin | 9900 | €147,407 | €81,863 | -€65,544 | -44.5% |
| Operating profit (loss) | 9901 | €124,827 | €65,352 | -€59,475 | -47.6% |
| Financial income | 75/76B | €1,667,071 | €31,525 | -€1.6m | -98.1% |
| Recurring financial income | 75 | €134,705 | €31,525 | -€103,180 | -76.6% |
| Non-recurring financial income | 76B | €1,532,367 | €0 | -€1.5m | -100% |
| Financial charges | 65/66B | €65,210 | €13,569 | -€51,640 | -79.2% |
| Recurring financial charges | 65 | €65,210 | €13,569 | -€51,640 | -79.2% |
| Profit (loss) for the period before taxes | 9903 | €1,726,689 | €83,307 | -€1.6m | -95.2% |
| Income taxes | 67/77 | €10,296 | €17,588 | +€7,293 | +70.8% |
| Profit (loss) for the period | 9904 | €1,716,393 | €65,719 | -€1.7m | -96.2% |
| Transfer to tax-exempt reserves | 689 | €1,532,367 | €0 | -€1.5m | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €184,026 | €65,719 | -€118,307 | -64.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.