ECO-REN: 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-REN
Largest movements
- Cash -€47,021
down €47,021 (-16.2%), from €290,803 to €243,782
mainly Investment in fixed assets (net) (-€88,312) and Stocks and contracts (-€38,956)
- Stocks and contracts +€38,956
up €38,956 (+17.7%), from €219,513 to €258,470
of which Contracts in progress: +€30,000
- Receivables within one year +€37,938
up €37,938 (+9.6%), from €395,509 to €433,447
of which Trade receivables: +€19,640
- Tangible fixed assets +€20,504
up €20,504 (+13.6%), from €151,260 to €171,764
of which Plant, machinery and equipment: +€17,606
- Financial fixed assets +€15,030
new in 2025: €15,030
- Reserves +€86,291
up €86,291 (+107%), from €80,371 to €166,662
- Trade debts -€35,293
down €35,293 (-34.7%), from €101,598 to €66,305
- Current portion of long-term debt +€17,028
up €17,028 (+77.3%), from €22,029 to €39,057
- Gross operating margin +€160,794
up €160,794 (+104%), from €155,034 to €315,828
- Staff costs +€97,859
up €97,859 (+255%), from €38,442 to €136,301
- Depreciation +€26,054
up €26,054 (+103%), from €25,397 to €51,451
- Taxes +€14,189
up €14,189 (+54.3%), from €26,137 to €40,326
- Financial income +€3,606
up €3,606 (+220%), from €1,643 to €5,249
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 | €1,062,859 | €1,134,939 | +€72,080 | +6.8% |
| Fixed assets | 21/28 | €153,054 | €189,914 | +€36,861 | +24.1% |
| Intangible fixed assets | 21 | €1,793 | €3,120 | +€1,327 | +74.0% |
| Tangible fixed assets | 22/27 | €151,260 | €171,764 | +€20,504 | +13.6% |
| Plant, machinery and equipment | 23 | €29,666 | €47,273 | +€17,606 | +59.3% |
| Furniture and vehicles | 24 | €121,594 | €124,492 | +€2,898 | +2.4% |
| Financial fixed assets | 28 | - | €15,030 | +€15,030 | |
| Current assets | 29/58 | €909,805 | €945,025 | +€35,219 | +3.9% |
| Stocks and contracts in progress | 3 | €219,513 | €258,470 | +€38,956 | +17.7% |
| Stocks | 30/36 | €219,513 | €228,470 | +€8,956 | +4.1% |
| Contracts in progress | 37 | €0 | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €395,509 | €433,447 | +€37,938 | +9.6% |
| Trade receivables | 40 | €211,018 | €230,658 | +€19,640 | +9.3% |
| Other amounts receivable | 41 | €184,491 | €202,789 | +€18,298 | +9.9% |
| Cash at bank and in hand | 54/58 | €290,803 | €243,782 | -€47,021 | -16.2% |
| Deferred charges and accrued income | 490/1 | €3,981 | €9,326 | +€5,345 | +134% |
| Total equity and liabilities | 10/49 | €1,062,859 | €1,134,939 | +€72,080 | +6.8% |
| Equity | 10/15 | €98,971 | €185,262 | +€86,291 | +87.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,371 | €166,662 | +€86,291 | +107% |
| Distributable reserves | 133 | €80,371 | €166,662 | +€86,291 | +107% |
| Amounts payable | 17/49 | €963,887 | €949,677 | -€14,210 | -1.5% |
| Amounts payable after more than one year | 17 | €819,934 | €812,063 | -€7,872 | -1.0% |
| Financial debts | 170/4 | €319,934 | €312,063 | -€7,872 | -2.5% |
| Other amounts payable | 178/9 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €143,577 | €137,554 | -€6,023 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €22,029 | €39,057 | +€17,028 | +77.3% |
| Financial debts | 43 | - | €8,448 | +€8,448 | |
| Credit institutions | 430/8 | - | €8,448 | +€8,448 | |
| Trade debts | 44 | €101,598 | €66,305 | -€35,293 | -34.7% |
| Suppliers | 440/4 | €101,598 | €66,305 | -€35,293 | -34.7% |
| Taxes, remuneration and social security | 45 | €19,379 | €23,162 | +€3,783 | +19.5% |
| Taxes | 450/3 | €14,722 | €16,790 | +€2,067 | +14.0% |
| Remuneration and social security | 454/9 | €4,656 | €6,372 | +€1,716 | +36.8% |
| Other amounts payable | 47/48 | €572 | €583 | +€11 | +1.9% |
| Accrued charges and deferred income | 492/3 | €376 | €60 | -€316 | -83.9% |
| Remuneration, social security and pensions | 62 | €38,442 | €136,301 | +€97,859 | +255% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,397 | €51,451 | +€26,054 | +103% |
| Other operating charges | 640/8 | €988 | €2,374 | +€1,386 | +140% |
| Gross operating margin | 9900 | €155,034 | €315,828 | +€160,794 | +104% |
| Operating profit (loss) | 9901 | €90,207 | €125,702 | +€35,496 | +39.3% |
| Financial income | 75/76B | €1,643 | €5,249 | +€3,606 | +220% |
| Recurring financial income | 75 | €1,643 | €5,249 | +€3,606 | +220% |
| Financial charges | 65/66B | €2,819 | €4,335 | +€1,516 | +53.8% |
| Recurring financial charges | 65 | €2,819 | €4,335 | +€1,516 | +53.8% |
| Profit (loss) for the period before taxes | 9903 | €89,031 | €126,617 | +€37,586 | +42.2% |
| Income taxes | 67/77 | €26,137 | €40,326 | +€14,189 | +54.3% |
| Profit (loss) for the period | 9904 | €62,894 | €86,291 | +€23,397 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,894 | €86,291 | +€23,397 | +37.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.