Eco-Tech VadeBo: 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-Tech VadeBo
Largest movements
- Receivables within one year +€64,482
up €64,482 (+77.2%), from €83,483 to €147,965
of which Trade receivables: +€69,971
- Tangible fixed assets -€37,254
down €37,254 (-9.8%), from €381,401 to €344,147
- Stocks and contracts +€9,610
up €9,610 (+162%), from €5,940 to €15,550
- Cash +€9,200
up €9,200 (+68.0%), from €13,538 to €22,738
mainly Short-term financial debts (+€102,596) and Depreciation (+€40,229)
- Short-term financial debts +€102,596
new in 2024: €102,596
- Trade debts -€50,268
down €50,268 (-60.5%), from €83,045 to €32,777
- Debts after one year -€31,937
down €31,937 (-10.1%), from €316,397 to €284,459
- Other debts +€24,449
up €24,449 (+83.4%), from €29,307 to €53,756
- Gross operating margin +€12,630
up €12,630 (+14.2%), from €88,909 to €101,539
- Depreciation +€5,833
up €5,833 (+17.0%), from €34,397 to €40,229
- Staff costs -€3,225
down €3,225 (-6.6%), from €48,612 to €45,387
- Financial charges +€2,100
up €2,100 (+23.2%), from €9,064 to €11,164
- Other operating charges +€1,666
up €1,666 (+178%), from €938 to €2,604
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €485,994 | €534,792 | +€48,798 | +10.0% |
| Fixed assets | 21/28 | €381,401 | €344,147 | -€37,254 | -9.8% |
| Tangible fixed assets | 22/27 | €381,401 | €344,147 | -€37,254 | -9.8% |
| Land and buildings | 22 | €287,177 | €276,822 | -€10,355 | -3.6% |
| Plant, machinery and equipment | 23 | €23,558 | €13,507 | -€10,051 | -42.7% |
| Furniture and vehicles | 24 | €70,666 | €53,817 | -€16,849 | -23.8% |
| Current assets | 29/58 | €104,593 | €190,645 | +€86,052 | +82.3% |
| Stocks and contracts in progress | 3 | €5,940 | €15,550 | +€9,610 | +162% |
| Stocks | 30/36 | €5,940 | €15,550 | +€9,610 | +162% |
| Amounts receivable within one year | 40/41 | €83,483 | €147,965 | +€64,482 | +77.2% |
| Trade receivables | 40 | €75,746 | €145,717 | +€69,971 | +92.4% |
| Other amounts receivable | 41 | €7,737 | €2,248 | -€5,489 | -70.9% |
| Cash at bank and in hand | 54/58 | €13,538 | €22,738 | +€9,200 | +68.0% |
| Deferred charges and accrued income | 490/1 | €1,632 | €4,392 | +€2,760 | +169% |
| Total equity and liabilities | 10/49 | €485,994 | €534,792 | +€48,798 | +10.0% |
| Equity | 10/15 | €18,355 | €20,631 | +€2,276 | +12.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €34,305 | €34,305 | = | 0.0% |
| Distributable reserves | 133 | €34,305 | €34,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,950 | -€16,674 | +€2,276 | +12.0% |
| Amounts payable | 17/49 | €467,638 | €514,160 | +€46,522 | +9.9% |
| Amounts payable after more than one year | 17 | €316,397 | €284,459 | -€31,937 | -10.1% |
| Financial debts | 170/4 | €316,397 | €284,459 | -€31,937 | -10.1% |
| Amounts payable within one year | 42/48 | €151,242 | €227,962 | +€76,720 | +50.7% |
| Current portion of amounts payable after more than one year | 42 | €31,045 | €32,753 | +€1,708 | +5.5% |
| Financial debts | 43 | - | €102,596 | +€102,596 | |
| Credit institutions | 430/8 | - | €102,596 | +€102,596 | |
| Trade debts | 44 | €83,045 | €32,777 | -€50,268 | -60.5% |
| Suppliers | 440/4 | €83,045 | €32,777 | -€50,268 | -60.5% |
| Taxes, remuneration and social security | 45 | €7,844 | €6,080 | -€1,765 | -22.5% |
| Taxes | 450/3 | - | €2,223 | +€2,223 | |
| Remuneration and social security | 454/9 | €7,844 | €3,857 | -€3,988 | -50.8% |
| Other amounts payable | 47/48 | €29,307 | €53,756 | +€24,449 | +83.4% |
| Accrued charges and deferred income | 492/3 | - | €1,739 | +€1,739 | |
| Remuneration, social security and pensions | 62 | €48,612 | €45,387 | -€3,225 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,397 | €40,229 | +€5,833 | +17.0% |
| Other operating charges | 640/8 | €938 | €2,604 | +€1,666 | +178% |
| Gross operating margin | 9900 | €88,909 | €101,539 | +€12,630 | +14.2% |
| Operating profit (loss) | 9901 | €4,963 | €13,319 | +€8,356 | +168% |
| Financial income | 75/76B | €10 | €364 | +€354 | +3,519% |
| Recurring financial income | 75 | €10 | €364 | +€354 | +3,519% |
| Financial charges | 65/66B | €9,064 | €11,164 | +€2,100 | +23.2% |
| Recurring financial charges | 65 | €9,064 | €11,164 | +€2,100 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,091 | €2,519 | +€6,610 | |
| Income taxes | 67/77 | €156 | €243 | +€87 | +55.4% |
| Profit (loss) for the period | 9904 | -€4,247 | €2,276 | +€6,523 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,247 | €2,276 | +€6,523 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.