Eco + Projects: 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 + Projects
Largest movements
- Stocks and contracts -€13,402
down €13,402 (-63.2%), from €21,191 to €7,789
- Cash +€9,321
up €9,321 (+16.6%), from €55,994 to €65,315
mainly Stocks and contracts (+€13,402) and Trade debts (+€12,155)
- Receivables within one year +€7,942
up €7,942 (+10.6%), from €75,236 to €83,178
of which Trade receivables: +€7,448
- Other debts -€14,700
down €14,700 (-100.0%), from €14,700 to €0
- Trade debts +€12,155
up €12,155 (+8.7%), from €139,325 to €151,480
- Profit (loss) carried forward +€4,134
up €4,134 (+988.6%), from €418 to €4,552
- Gross operating margin -€10,070
down €10,070 (-53.9%), from €18,678 to €8,608
- Taxes +€882
up €882 (+202.4%), from €436 to €1,318
- Other operating charges -€562
down €562 (-26.0%), from €2,167 to €1,605
- Depreciation +€328
up €328 (+28.0%), from €1,170 to €1,498
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.
Cash bridge derived
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 | €158,879 | €161,403 | +€2,524 | +1.6% |
| Fixed assets | 21/28 | €5,968 | €5,107 | -€861 | -14.4% |
| Tangible fixed assets | 22/27 | €5,968 | €5,107 | -€861 | -14.4% |
| Plant, machinery and equipment | 23 | €5,968 | €5,107 | -€861 | -14.4% |
| Current assets | 29/58 | €152,912 | €156,296 | +€3,384 | +2.2% |
| Stocks and contracts in progress | 3 | €21,191 | €7,789 | -€13,402 | -63.2% |
| Stocks | 30/36 | €21,191 | €7,789 | -€13,402 | -63.2% |
| Amounts receivable within one year | 40/41 | €75,236 | €83,178 | +€7,942 | +10.6% |
| Trade receivables | 40 | €41,730 | €49,178 | +€7,448 | +17.8% |
| Other amounts receivable | 41 | €33,506 | €34,000 | +€494 | +1.5% |
| Cash at bank and in hand | 54/58 | €55,994 | €65,315 | +€9,321 | +16.6% |
| Deferred charges and accrued income | 490/1 | €491 | €14 | -€477 | -97.1% |
| Total equity and liabilities | 10/49 | €158,879 | €161,403 | +€2,524 | +1.6% |
| Equity | 10/15 | €4,418 | €8,552 | +€4,134 | +93.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €418 | €4,552 | +€4,134 | +988.6% |
| Amounts payable | 17/49 | €154,461 | €152,851 | -€1,610 | -1.0% |
| Amounts payable within one year | 42/48 | €154,461 | €152,851 | -€1,610 | -1.0% |
| Trade debts | 44 | €139,325 | €151,480 | +€12,155 | +8.7% |
| Suppliers | 440/4 | €139,325 | €151,480 | +€12,155 | +8.7% |
| Taxes, remuneration and social security | 45 | €436 | €1,371 | +€935 | +214.4% |
| Taxes | 450/3 | €436 | €1,371 | +€935 | +214.4% |
| Other amounts payable | 47/48 | €14,700 | €0 | -€14,700 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,170 | €1,498 | +€328 | +28.0% |
| Other operating charges | 640/8 | €2,167 | €1,605 | -€562 | -26.0% |
| Gross operating margin | 9900 | €18,678 | €8,608 | -€10,070 | -53.9% |
| Operating profit (loss) | 9901 | €15,341 | €5,506 | -€9,835 | -64.1% |
| Financial income | 75/76B | €1 | €27 | +€26 | +2834.8% |
| Recurring financial income | 75 | €1 | €27 | +€26 | +2834.8% |
| Financial charges | 65/66B | €80 | €80 | +€0 | +0.4% |
| Recurring financial charges | 65 | €80 | €80 | +€0 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €15,262 | €5,452 | -€9,809 | -64.3% |
| Income taxes | 67/77 | €436 | €1,318 | +€882 | +202.4% |
| Profit (loss) for the period | 9904 | €14,826 | €4,134 | -€10,692 | -72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,826 | €4,134 | -€10,692 | -72.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.