Eco-Struct: what changed
What changed
Eco-Struct
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€640
2024 · €15,440-€14,800
Equity
€86,777
2024 · €86,137+€640
Cash
€15,217
2024 · €79,200-€63,983
Balance sheet total
€2.2m
2024 · €1.9m+€308,942
Largest movements
Assets
- Receivables within one year +€383,820
up €383,820 (+27.0%), from €1.4m to €1.8m
of which Trade receivables: +€439,239
- Cash -€63,983
down €63,983 (-80.8%), from €79,200 to €15,217
mainly Receivables within one year (-€383,820) and Investment in fixed assets (net) (-€24,820)
- Formation expenses -€22,540
down €22,540 (-25.0%), from €90,134 to €67,594
Equity and liabilities
- Other debts +€185,843
up €185,843 (+12.9%), from €1.4m to €1.6m
- Trade debts +€116,823
up €116,823 (+35.7%), from €326,932 to €443,755
Income statement
- Gross operating margin -€31,654
down €31,654 (-11.6%), from €273,759 to €242,105
- Staff costs +€19,731
up €19,731 (+14.9%), from €132,410 to €152,141
- Financial charges -€16,852
down €16,852 (-39.5%), from €42,641 to €25,789
- Other operating charges -€12,975
down €12,975 (-36.1%), from €35,898 to €22,923
- Taxes -€3,787
down €3,787 (-44.9%), from €8,437 to €4,650
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,440
Gross operating margin
-€31,654
Staff costs
-€19,731
Depreciation
+€757
Write-downs
+€2,000
Other operating charges
+€12,975
Financial income
+€214
Financial charges
+€16,852
Taxes
+€3,787
Result 2025
€640
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€39,163
Investment
-€24,820
Financing
€0
Cash 2024
€79,200
From operations (derived)
-€39,163
Net result for the year
+€640
Depreciation
+€36,291
Receivables within one year
-€383,820
Deferred charges and accrued income
-€576
Trade debts
+€116,823
Tax, wage and social debts
+€5,636
Other debts
+€185,843
Investment (derived)
-€24,820
Investment in fixed assets (net)
-€24,820
Cash 2025
€15,217
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,866,311 | €2,175,253 | +€308,942 | +16.6% |
| Formation expenses | 20 | €90,134 | €67,594 | -€22,540 | -25.0% |
| Fixed assets | 21/28 | €24,601 | €35,670 | +€11,069 | +45.0% |
| Intangible fixed assets | 21 | €3,745 | €1,520 | -€2,225 | -59.4% |
| Tangible fixed assets | 22/27 | €17,375 | €30,669 | +€13,294 | +76.5% |
| Plant, machinery and equipment | 23 | €10,558 | €8,157 | -€2,401 | -22.7% |
| Furniture and vehicles | 24 | €6,817 | €22,512 | +€15,695 | +230% |
| Financial fixed assets | 28 | €3,481 | €3,481 | = | 0.0% |
| Current assets | 29/58 | €1,751,576 | €2,071,989 | +€320,413 | +18.3% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €41,529 | €41,529 | = | 0.0% |
| Stocks | 30/36 | €41,529 | €41,529 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,423,634 | €1,807,454 | +€383,820 | +27.0% |
| Trade receivables | 40 | €726,820 | €1,166,059 | +€439,239 | +60.4% |
| Other amounts receivable | 41 | €696,814 | €641,395 | -€55,419 | -8.0% |
| Cash at bank and in hand | 54/58 | €79,200 | €15,217 | -€63,983 | -80.8% |
| Deferred charges and accrued income | 490/1 | €132,213 | €132,789 | +€576 | +0.4% |
| Total equity and liabilities | 10/49 | €1,866,311 | €2,175,253 | +€308,942 | +16.6% |
| Equity | 10/15 | €86,137 | €86,777 | +€640 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,537 | €68,177 | +€640 | +0.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €65,677 | €66,317 | +€640 | +1.0% |
| Amounts payable | 17/49 | €1,780,174 | €2,088,476 | +€308,302 | +17.3% |
| Amounts payable within one year | 42/48 | €1,780,174 | €2,088,476 | +€308,302 | +17.3% |
| Trade debts | 44 | €326,932 | €443,755 | +€116,823 | +35.7% |
| Suppliers | 440/4 | €326,932 | €443,755 | +€116,823 | +35.7% |
| Taxes, remuneration and social security | 45 | €15,092 | €20,728 | +€5,636 | +37.3% |
| Taxes | 450/3 | €8,434 | €11,443 | +€3,009 | +35.7% |
| Remuneration and social security | 454/9 | €6,658 | €9,285 | +€2,627 | +39.5% |
| Other amounts payable | 47/48 | €1,438,150 | €1,623,993 | +€185,843 | +12.9% |
| Remuneration, social security and pensions | 62 | €132,410 | €152,141 | +€19,731 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,048 | €36,291 | -€757 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,000 | - | -€2,000 | |
| Other operating charges | 640/8 | €35,898 | €22,923 | -€12,975 | -36.1% |
| Gross operating margin | 9900 | €273,759 | €242,105 | -€31,654 | -11.6% |
| Operating profit (loss) | 9901 | €66,403 | €30,750 | -€35,653 | -53.7% |
| Financial income | 75/76B | €115 | €329 | +€214 | +186% |
| Recurring financial income | 75 | €115 | €329 | +€214 | +186% |
| Financial charges | 65/66B | €42,641 | €25,789 | -€16,852 | -39.5% |
| Recurring financial charges | 65 | €42,641 | €25,789 | -€16,852 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €23,877 | €5,290 | -€18,587 | -77.8% |
| Income taxes | 67/77 | €8,437 | €4,650 | -€3,787 | -44.9% |
| Profit (loss) for the period | 9904 | €15,440 | €640 | -€14,800 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,440 | €640 | -€14,800 | -95.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.