ECO + PROPRE: 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 + PROPRE
Largest movements
- Cash +€44,108
up €44,108 (+67.2%), from €65,683 to €109,791
mainly Net result for the year (+€39,280) and Depreciation (+€36,319)
- Tangible fixed assets -€31,884
down €31,884 (-16.6%), from €191,909 to €160,025
- Receivables within one year -€19,468
down €19,468 (-34.8%), from €55,862 to €36,395
of which Trade receivables: -€16,544
- Current investments +€9,999
up €9,999 (+13.3%), from €75,000 to €84,999
- Reserves -€38,000
down €38,000 (-79.2%), from €48,000 to €10,000
of which Distributable reserves: -€38,000
- Other debts +€31,535
up €31,535 (+215.0%), from €14,666 to €46,201
- Trade debts +€8,790
up €8,790 (+45.5%), from €19,322 to €28,113
- Gross operating margin +€25,075
up €25,075 (+38.5%), from €65,149 to €90,223
- Taxes +€7,763
up €7,763 (+140.1%), from €5,542 to €13,305
- Depreciation -€3,145
down €3,145 (-8.0%), from €39,464 to €36,319
- Purchases and services -€1,052
down €1,052 (-0.3%), from €375,422 to €374,369
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 | €428,778 | €431,629 | +€2,851 | +0.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €191,909 | €160,025 | -€31,884 | -16.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €191,909 | €160,025 | -€31,884 | -16.6% |
| Land and buildings | 22 | €89,411 | €76,326 | -€13,085 | -14.6% |
| Plant, machinery and equipment | 23 | €66,056 | €61,607 | -€4,449 | -6.7% |
| Furniture and vehicles | 24 | €36,441 | €22,092 | -€14,350 | -39.4% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €236,869 | €271,604 | +€34,734 | +14.7% |
| Stocks and contracts in progress | 3 | €37,011 | €36,954 | -€58 | -0.2% |
| Stocks | 30/36 | €37,011 | €36,954 | -€58 | -0.2% |
| Amounts receivable within one year | 40/41 | €55,862 | €36,395 | -€19,468 | -34.8% |
| Trade receivables | 40 | €52,939 | €36,395 | -€16,544 | -31.3% |
| Other amounts receivable | 41 | €2,923 | €0 | -€2,923 | -100.0% |
| Current investments | 50/53 | €75,000 | €84,999 | +€9,999 | +13.3% |
| Cash at bank and in hand | 54/58 | €65,683 | €109,791 | +€44,108 | +67.2% |
| Deferred charges and accrued income | 490/1 | €3,313 | €3,466 | +€152 | +4.6% |
| Total equity and liabilities | 10/49 | €428,778 | €431,629 | +€2,851 | +0.7% |
| Equity | 10/15 | €388,267 | €349,546 | -€38,722 | -10.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €48,000 | €10,000 | -€38,000 | -79.2% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €38,000 | €0 | -€38,000 | -100.0% |
| Profit (loss) carried forward | 14 | €230,262 | €231,541 | +€1,280 | +0.6% |
| Investment grants | 15 | €10,006 | €8,005 | -€2,001 | -20.0% |
| Amounts payable | 17/49 | €40,510 | €82,083 | +€41,572 | +102.6% |
| Amounts payable within one year | 42/48 | €40,510 | €82,083 | +€41,572 | +102.6% |
| Trade debts | 44 | €19,322 | €28,113 | +€8,790 | +45.5% |
| Suppliers | 440/4 | €19,322 | €28,113 | +€8,790 | +45.5% |
| Taxes, remuneration and social security | 45 | €6,523 | €7,769 | +€1,247 | +19.1% |
| Taxes | 450/3 | €6,523 | €7,769 | +€1,247 | +19.1% |
| Other amounts payable | 47/48 | €14,666 | €46,201 | +€31,535 | +215.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €375,422 | €374,369 | -€1,052 | -0.3% |
| Remuneration, social security and pensions | 62 | - | €190 | +€190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,464 | €36,319 | -€3,145 | -8.0% |
| Other operating charges | 640/8 | €4,526 | €4,743 | +€217 | +4.8% |
| Non-recurring operating charges | 66A | €313 | €151 | -€162 | -51.8% |
| Gross operating margin | 9900 | €65,149 | €90,223 | +€25,075 | +38.5% |
| Operating profit (loss) | 9901 | €20,846 | €48,821 | +€27,975 | +134.2% |
| Financial income | 75/76B | €6,207 | €5,740 | -€467 | -7.5% |
| Recurring financial income | 75 | €6,207 | €5,740 | -€467 | -7.5% |
| Financial charges | 65/66B | €1,241 | €1,976 | +€735 | +59.2% |
| Recurring financial charges | 65 | €1,241 | €1,976 | +€735 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | €25,811 | €52,584 | +€26,773 | +103.7% |
| Income taxes | 67/77 | €5,542 | €13,305 | +€7,763 | +140.1% |
| Profit (loss) for the period | 9904 | €20,269 | €39,280 | +€19,010 | +93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,269 | €39,280 | +€19,010 | +93.8% |
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 7 October 2026 via checked.be.