ECO-WARM ENERGY: what changed
ECO-WARM ENERGY
Largest movements
- Receivables within one year +€108,521
up €108,521 (+112%), from €97,034 to €205,555
of which Trade receivables: +€110,374
- Stocks and contracts -€27,550
down €27,550 (-36.0%), from €76,597 to €49,047
- Deferred charges and accrued income +€17,110
up €17,110 (+1,184%), from €1,445 to €18,555
- Tangible fixed assets -€8,357
down €8,357 (-16.5%), from €50,691 to €42,334
of which Furniture and vehicles: -€5,252
- Cash +€5,251
up €5,251 (+104%), from €5,060 to €10,311
mainly Trade debts (+€263,725) and Stocks and contracts (+€27,550)
- Trade debts +€263,725
up €263,725 (+319%), from €82,702 to €346,427
- Profit (loss) carried forward -€162,180
down €162,180, from €29,759 to -€132,421
- Other debts -€57,262
down €57,262 (-68.1%), from €84,098 to €26,836
- Debts after one year +€25,109
up €25,109 (+571%), from €4,401 to €29,510
- Tax, wage and social debts +€19,785
up €19,785 (+124%), from €15,957 to €35,742
of which Remuneration and social security: +€16,613
- Staff costs +€151,811
up €151,811 (+114%), from €133,701 to €285,512
- Gross operating margin -€39,639
down €39,639 (-20.8%), from €190,766 to €151,127
- Taxes -€10,499
down €10,499 (-97.2%), from €10,806 to €307
- Depreciation +€9,975
up €9,975 (+69.4%), from €14,369 to €24,345
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €232,305 | €327,280 | +€94,975 | +40.9% |
| Fixed assets | 21/28 | €52,168 | €43,812 | -€8,357 | -16.0% |
| Tangible fixed assets | 22/27 | €50,691 | €42,334 | -€8,357 | -16.5% |
| Plant, machinery and equipment | 23 | €7,607 | €4,503 | -€3,104 | -40.8% |
| Furniture and vehicles | 24 | €43,083 | €37,831 | -€5,252 | -12.2% |
| Financial fixed assets | 28 | €1,478 | €1,478 | = | 0.0% |
| Current assets | 29/58 | €180,136 | €283,468 | +€103,331 | +57.4% |
| Stocks and contracts in progress | 3 | €76,597 | €49,047 | -€27,550 | -36.0% |
| Stocks | 30/36 | €76,597 | €49,047 | -€27,550 | -36.0% |
| Amounts receivable within one year | 40/41 | €97,034 | €205,555 | +€108,521 | +112% |
| Trade receivables | 40 | €74,080 | €184,453 | +€110,374 | +149% |
| Other amounts receivable | 41 | €22,954 | €21,101 | -€1,853 | -8.1% |
| Cash at bank and in hand | 54/58 | €5,060 | €10,311 | +€5,251 | +104% |
| Deferred charges and accrued income | 490/1 | €1,445 | €18,555 | +€17,110 | +1,184% |
| Total equity and liabilities | 10/49 | €232,305 | €327,280 | +€94,975 | +40.9% |
| Equity | 10/15 | €34,759 | -€127,421 | -€162,180 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,759 | -€132,421 | -€162,180 | |
| Amounts payable | 17/49 | €197,546 | €454,701 | +€257,155 | +130% |
| Amounts payable after more than one year | 17 | €4,401 | €29,510 | +€25,109 | +571% |
| Financial debts | 170/4 | €4,401 | €29,510 | +€25,109 | +571% |
| Amounts payable within one year | 42/48 | €193,145 | €425,191 | +€232,046 | +120% |
| Current portion of amounts payable after more than one year | 42 | €10,387 | €16,186 | +€5,798 | +55.8% |
| Trade debts | 44 | €82,702 | €346,427 | +€263,725 | +319% |
| Suppliers | 440/4 | €82,702 | €346,427 | +€263,725 | +319% |
| Taxes, remuneration and social security | 45 | €15,957 | €35,742 | +€19,785 | +124% |
| Taxes | 450/3 | €10,784 | €13,955 | +€3,171 | +29.4% |
| Remuneration and social security | 454/9 | €5,173 | €21,786 | +€16,613 | +321% |
| Other amounts payable | 47/48 | €84,098 | €26,836 | -€57,262 | -68.1% |
| Remuneration, social security and pensions | 62 | €133,701 | €285,512 | +€151,811 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,369 | €24,345 | +€9,975 | +69.4% |
| Other operating charges | 640/8 | €675 | €847 | +€172 | +25.5% |
| Gross operating margin | 9900 | €190,766 | €151,127 | -€39,639 | -20.8% |
| Operating profit (loss) | 9901 | €42,021 | -€159,577 | -€201,598 | |
| Financial income | 75/76B | €219 | €242 | +€23 | +10.5% |
| Recurring financial income | 75 | €219 | €242 | +€23 | +10.5% |
| Financial charges | 65/66B | €1,675 | €2,538 | +€863 | +51.5% |
| Recurring financial charges | 65 | €1,675 | €2,538 | +€863 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €40,565 | -€161,873 | -€202,438 | |
| Income taxes | 67/77 | €10,806 | €307 | -€10,499 | -97.2% |
| Profit (loss) for the period | 9904 | €29,759 | -€162,180 | -€191,939 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,759 | -€162,180 | -€191,939 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.