ECO NRJ: 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 NRJ
Largest movements
- Tangible fixed assets -€67,358
down €67,358 (-7.6%), from €884,171 to €816,814
of which Land and buildings: -€68,386
- Cash -€31,226
down €31,226 (-100.0%), from €31,228 to €1
mainly Debts after one year (-€111,544) and Other debts (-€39,317)
- Deferred charges and accrued income -€23,246
no longer reported in 2026 (was €23,246)
- Debts after one year -€111,544
down €111,544 (-21.2%), from €525,871 to €414,327
of which Financial debts: -€83,417
- Other debts -€39,317
down €39,317 (-12.0%), from €327,997 to €288,680
- Reserves +€22,987
up €22,987 (+1,236%), from €1,860 to €24,847
of which Distributable reserves: +€22,987
- Gross operating margin -€38,424
down €38,424 (-30.9%), from €124,426 to €86,002
- Turnover -€35,027
down €35,027 (-27.6%), from €127,043 to €92,016
- Taxes +€4,370
new in 2026: €4,370
- Purchases and services +€3,396
up €3,396 (+130%), from €2,618 to €6,014
- Financial charges -€3,031
down €3,031 (-14.3%), from €21,232 to €18,202
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €960,786 | €830,335 | -€130,451 | -13.6% |
| Fixed assets | 21/28 | €884,171 | €816,814 | -€67,358 | -7.6% |
| Tangible fixed assets | 22/27 | €884,171 | €816,814 | -€67,358 | -7.6% |
| Land and buildings | 22 | €884,171 | €815,785 | -€68,386 | -7.7% |
| Plant, machinery and equipment | 23 | - | €1,029 | +€1,029 | |
| Current assets | 29/58 | €76,615 | €13,522 | -€63,094 | -82.4% |
| Amounts receivable within one year | 40/41 | €22,142 | €13,520 | -€8,622 | -38.9% |
| Other amounts receivable | 41 | €22,142 | €13,520 | -€8,622 | -38.9% |
| Cash at bank and in hand | 54/58 | €31,228 | €1 | -€31,226 | -100.0% |
| Deferred charges and accrued income | 490/1 | €23,246 | - | -€23,246 | |
| Total equity and liabilities | 10/49 | €960,786 | €830,335 | -€130,451 | -13.6% |
| Equity | 10/15 | €17,601 | €31,397 | +€13,797 | +78.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €24,847 | +€22,987 | +1,236% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €22,987 | +€22,987 | |
| Profit (loss) carried forward | 14 | €9,541 | €350 | -€9,190 | -96.3% |
| Amounts payable | 17/49 | €943,186 | €798,938 | -€144,248 | -15.3% |
| Amounts payable after more than one year | 17 | €525,871 | €414,327 | -€111,544 | -21.2% |
| Financial debts | 170/4 | €497,744 | €414,327 | -€83,417 | -16.8% |
| Advances received on contracts in progress | 176 | €28,128 | - | -€28,128 | |
| Amounts payable within one year | 42/48 | €417,315 | €384,611 | -€32,704 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €83,417 | €83,417 | = | 0.0% |
| Trade debts | 44 | €4,125 | €3,656 | -€468 | -11.4% |
| Suppliers | 440/4 | €4,125 | €3,656 | -€468 | -11.4% |
| Taxes, remuneration and social security | 45 | €1,776 | €8,858 | +€7,082 | +399% |
| Taxes | 450/3 | - | €4,052 | +€4,052 | |
| Remuneration and social security | 454/9 | €1,776 | €4,806 | +€3,030 | +171% |
| Other amounts payable | 47/48 | €327,997 | €288,680 | -€39,317 | -12.0% |
| Turnover | 70 | €127,043 | €92,016 | -€35,027 | -27.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,618 | €6,014 | +€3,396 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,386 | €68,408 | +€21 | 0.0% |
| Other operating charges | 640/8 | €3,546 | €4,213 | +€667 | +18.8% |
| Gross operating margin | 9900 | €124,426 | €86,002 | -€38,424 | -30.9% |
| Operating profit (loss) | 9901 | €52,494 | €13,382 | -€39,112 | -74.5% |
| Financial charges | 65/66B | €21,232 | €18,202 | -€3,031 | -14.3% |
| Recurring financial charges | 65 | €21,232 | €18,202 | -€3,031 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €31,261 | -€4,820 | -€36,081 | |
| Income taxes | 67/77 | - | €4,370 | +€4,370 | |
| Profit (loss) for the period | 9904 | €31,261 | -€9,190 | -€40,451 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,261 | -€9,190 | -€40,451 |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.