ECO-STEAM: 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-STEAM
Largest movements
- Cash +€62,256
up €62,256 (+72.2%), from €86,280 to €148,536
mainly Depreciation (+€50,395) and Net result for the year (+€30,017)
- Tangible fixed assets -€45,262
down €45,262 (-23.9%), from €189,030 to €143,768
of which Furniture and vehicles: -€28,575
- Receivables within one year -€20,531
down €20,531 (-44.2%), from €46,402 to €25,871
of which Trade receivables: -€22,191
- Deferred charges and accrued income -€3,894
down €3,894 (-88.5%), from €4,400 to €506
- Reserves +€30,000
up €30,000 (+14.4%), from €208,000 to €238,000
- Accrued charges and deferred income -€20,546
down €20,546 (-46.2%), from €44,430 to €23,884
- Current portion of long-term debt -€7,398
down €7,398 (-81.6%), from €9,070 to €1,673
- Trade debts -€4,073
down €4,073 (-81.7%), from €4,984 to €910
- Gross operating margin -€19,715
down €19,715 (-15.0%), from €131,345 to €111,630
- Taxes +€3,872
up €3,872 (+17.4%), from €22,297 to €26,169
- Depreciation +€3,673
up €3,673 (+7.9%), from €46,723 to €50,395
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 | €326,111 | €318,680 | -€7,431 | -2.3% |
| Fixed assets | 21/28 | €189,030 | €143,768 | -€45,262 | -23.9% |
| Tangible fixed assets | 22/27 | €189,030 | €143,768 | -€45,262 | -23.9% |
| Land and buildings | 22 | €4,011 | €3,159 | -€852 | -21.2% |
| Plant, machinery and equipment | 23 | €88,468 | €71,482 | -€16,986 | -19.2% |
| Furniture and vehicles | 24 | €96,551 | €67,976 | -€28,575 | -29.6% |
| Other tangible fixed assets | 26 | - | €1,151 | +€1,151 | |
| Current assets | 29/58 | €137,081 | €174,913 | +€37,831 | +27.6% |
| Amounts receivable within one year | 40/41 | €46,402 | €25,871 | -€20,531 | -44.2% |
| Trade receivables | 40 | €46,385 | €24,194 | -€22,191 | -47.8% |
| Other amounts receivable | 41 | €17 | €1,677 | +€1,660 | +9,679% |
| Cash at bank and in hand | 54/58 | €86,280 | €148,536 | +€62,256 | +72.2% |
| Deferred charges and accrued income | 490/1 | €4,400 | €506 | -€3,894 | -88.5% |
| Total equity and liabilities | 10/49 | €326,111 | €318,680 | -€7,431 | -2.3% |
| Equity | 10/15 | €213,877 | €243,061 | +€29,184 | +13.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €208,000 | €238,000 | +€30,000 | +14.4% |
| Distributable reserves | 133 | €208,000 | €238,000 | +€30,000 | +14.4% |
| Profit (loss) carried forward | 14 | €5,377 | €4,561 | -€816 | -15.2% |
| Amounts payable | 17/49 | €112,234 | €75,619 | -€36,615 | -32.6% |
| Amounts payable after more than one year | 17 | €1,673 | €0 | -€1,673 | -100% |
| Financial debts | 170/4 | €1,673 | €0 | -€1,673 | -100% |
| Amounts payable within one year | 42/48 | €66,132 | €51,735 | -€14,397 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €9,070 | €1,673 | -€7,398 | -81.6% |
| Financial debts | 43 | €1,275 | €817 | -€458 | -35.9% |
| Credit institutions | 430/8 | €1,275 | €817 | -€458 | -35.9% |
| Trade debts | 44 | €4,984 | €910 | -€4,073 | -81.7% |
| Suppliers | 440/4 | €4,984 | €910 | -€4,073 | -81.7% |
| Advances received on contracts in progress | 46 | €4,270 | €4,270 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €14,025 | €13,830 | -€195 | -1.4% |
| Taxes | 450/3 | €11,325 | €13,830 | +€2,505 | +22.1% |
| Remuneration and social security | 454/9 | €2,700 | €0 | -€2,700 | -100% |
| Other amounts payable | 47/48 | €32,507 | €30,235 | -€2,273 | -7.0% |
| Accrued charges and deferred income | 492/3 | €44,430 | €23,884 | -€20,546 | -46.2% |
| Remuneration, social security and pensions | 62 | -€354 | €0 | +€354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,723 | €50,395 | +€3,673 | +7.9% |
| Other operating charges | 640/8 | €1,306 | €1,430 | +€124 | +9.5% |
| Gross operating margin | 9900 | €131,345 | €111,630 | -€19,715 | -15.0% |
| Operating profit (loss) | 9901 | €83,670 | €59,804 | -€23,866 | -28.5% |
| Financial income | 75/76B | €669 | €967 | +€297 | +44.4% |
| Recurring financial income | 75 | €669 | €967 | +€297 | +44.4% |
| Financial charges | 65/66B | €3,838 | €4,585 | +€747 | +19.5% |
| Recurring financial charges | 65 | €3,838 | €4,585 | +€747 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €80,502 | €56,186 | -€24,315 | -30.2% |
| Income taxes | 67/77 | €22,297 | €26,169 | +€3,872 | +17.4% |
| Profit (loss) for the period | 9904 | €58,205 | €30,017 | -€28,187 | -48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,205 | €30,017 | -€28,187 | -48.4% |
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 30 October 2026 via checked.be.