ECO PAINT: 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 PAINT
Largest movements
- Receivables within one year -€24,981
down €24,981 (-47.9%), from €52,106 to €27,125
of which Trade receivables: -€30,511
- Tangible fixed assets -€22,277
down €22,277 (-33.1%), from €67,345 to €45,068
of which Plant, machinery and equipment: -€20,578
- Stocks and contracts -€8,136
down €8,136 (-4.1%), from €197,708 to €189,573
- Cash -€3,468
down €3,468 (-15.9%), from €21,872 to €18,404
mainly Trade debts (-€23,260) and Advances received (-€20,026)
- Trade debts -€23,260
down €23,260 (-19.4%), from €119,851 to €96,591
- Advances received -€20,026
no longer reported in 2025 (was €20,026)
- Profit (loss) carried forward -€17,612
down €17,612 (-16.8%), from -€104,990 to -€122,602
- Tax, wage and social debts +€4,107
up €4,107 (+20.4%), from €20,154 to €24,261
of which Remuneration and social security: +€3,931
- Staff costs -€25,496
down €25,496 (-27.1%), from €94,173 to €68,677
- Write-downs -€13,568
no longer reported in 2025 (was €13,568)
- Gross operating margin +€7,825
up €7,825 (+9.9%), from €79,200 to €87,025
- Financial charges +€2,821
up €2,821 (+29.5%), from €9,570 to €12,391
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.
Derived cash bridge
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 | €340,159 | €280,734 | -€59,424 | -17.5% |
| Fixed assets | 21/28 | €67,345 | €45,068 | -€22,277 | -33.1% |
| Tangible fixed assets | 22/27 | €67,345 | €45,068 | -€22,277 | -33.1% |
| Plant, machinery and equipment | 23 | €61,564 | €40,986 | -€20,578 | -33.4% |
| Furniture and vehicles | 24 | €5,781 | €4,081 | -€1,699 | -29.4% |
| Current assets | 29/58 | €272,814 | €235,666 | -€37,147 | -13.6% |
| Stocks and contracts in progress | 3 | €197,708 | €189,573 | -€8,136 | -4.1% |
| Stocks | 30/36 | €197,708 | €189,573 | -€8,136 | -4.1% |
| Amounts receivable within one year | 40/41 | €52,106 | €27,125 | -€24,981 | -47.9% |
| Trade receivables | 40 | €46,659 | €16,148 | -€30,511 | -65.4% |
| Other amounts receivable | 41 | €5,447 | €10,977 | +€5,531 | +102% |
| Cash at bank and in hand | 54/58 | €21,872 | €18,404 | -€3,468 | -15.9% |
| Deferred charges and accrued income | 490/1 | €1,128 | €565 | -€563 | -49.9% |
| Total equity and liabilities | 10/49 | €340,159 | €280,734 | -€59,424 | -17.5% |
| Equity | 10/15 | -€29,990 | -€47,602 | -€17,612 | -58.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,990 | -€122,602 | -€17,612 | -16.8% |
| Amounts payable | 17/49 | €370,148 | €328,336 | -€41,812 | -11.3% |
| Amounts payable within one year | 42/48 | €370,148 | €328,336 | -€41,812 | -11.3% |
| Financial debts | 43 | €143,775 | €144,082 | +€308 | +0.2% |
| Credit institutions | 430/8 | €143,775 | €144,082 | +€308 | +0.2% |
| Trade debts | 44 | €119,851 | €96,591 | -€23,260 | -19.4% |
| Suppliers | 440/4 | €119,851 | €96,591 | -€23,260 | -19.4% |
| Advances received on contracts in progress | 46 | €20,026 | - | -€20,026 | |
| Taxes, remuneration and social security | 45 | €20,154 | €24,261 | +€4,107 | +20.4% |
| Taxes | 450/3 | - | €176 | +€176 | |
| Remuneration and social security | 454/9 | €20,154 | €24,085 | +€3,931 | +19.5% |
| Other amounts payable | 47/48 | €66,342 | €63,401 | -€2,941 | -4.4% |
| Remuneration, social security and pensions | 62 | €94,173 | €68,677 | -€25,496 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,958 | €22,277 | +€319 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,568 | - | -€13,568 | |
| Other operating charges | 640/8 | €712 | €1,116 | +€404 | +56.7% |
| Gross operating margin | 9900 | €79,200 | €87,025 | +€7,825 | +9.9% |
| Operating profit (loss) | 9901 | -€51,212 | -€5,046 | +€46,166 | +90.1% |
| Financial income | 75/76B | €555 | €0 | -€554 | -99.9% |
| Recurring financial income | 75 | €555 | €0 | -€554 | -99.9% |
| Financial charges | 65/66B | €9,570 | €12,391 | +€2,821 | +29.5% |
| Recurring financial charges | 65 | €9,570 | €12,391 | +€2,821 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | -€60,227 | -€17,436 | +€42,791 | +71.0% |
| Income taxes | 67/77 | €12 | €176 | +€165 | +1,432% |
| Profit (loss) for the period | 9904 | -€60,238 | -€17,612 | +€42,626 | +70.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,238 | -€17,612 | +€42,626 | +70.8% |
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 25 October 2026 via checked.be.