ECO2050: 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.
What changed
ECO2050
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€500,298
2024 · €419,113+€81,185
Equity
€10.1m
2024 · €9.0m+€1.1m
Cash
€65,090
2024 · €145,130-€80,041
Balance sheet total
€11.5m
2024 · €10.9m+€641,052
Largest movements
Assets
- Financial fixed assets +€750,000
up €750,000 (+7.3%), from €10.3m to €11.1m
Equity and liabilities
- Contributions +€1.0m
up €1.0m (+11.6%), from €9.0m to €10.0m
- Debts after one year -€348,000
down €348,000 (-37.2%), from €935,000 to €587,000
- Other debts -€141,613
down €141,613 (-16.2%), from €874,740 to €733,127
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€419,113
Depreciation
+€927
Other operating charges
-€49
Other operating items
+€4,880
Financial income
+€101,293
Financial charges
-€1,078
Taxes
-€24,788
Result 2025
€500,298
Cash bridge derived
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.
From operations
+€406,020
Investment
-€757,333
Financing
+€271,272
Cash 2024
€145,130
From operations (derived)
+€406,020
Net result for the year
+€500,298
Depreciation
+€2,546
Smaller working-capital items
+€1,352
Deferred charges and accrued income
+€32,130
Trade debts
-€13,462
Other debts
-€141,613
Accrued charges and deferred income
+€24,769
Investment (derived)
-€757,333
Investment in fixed assets (net)
-€757,333
Financing
+€271,272
Debts after one year
-€348,000
Contributions, distributions and other
+€619,272
Cash 2025
€65,090
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,899,697 | €11,540,749 | +€641,052 | +5.9% |
| Fixed assets | 21/28 | €10,324,271 | €11,079,058 | +€754,787 | +7.3% |
| Intangible fixed assets | 21 | €4,271 | €9,058 | +€4,787 | +112.1% |
| Financial fixed assets | 28 | €10,320,000 | €11,070,000 | +€750,000 | +7.3% |
| Other financial fixed assets | 284/8 | €10,320,000 | €11,070,000 | +€750,000 | +7.3% |
| Amounts receivable and cash guarantees | 285/8 | €10,320,000 | €11,070,000 | +€750,000 | +7.3% |
| Current assets | 29/58 | €575,426 | €461,691 | -€113,735 | -19.8% |
| Amounts receivable within one year | 40/41 | €1,564 | - | -€1,564 | |
| Other amounts receivable | 41 | €1,564 | - | -€1,564 | |
| Cash at bank and in hand | 54/58 | €145,130 | €65,090 | -€80,041 | -55.2% |
| Deferred charges and accrued income | 490/1 | €428,732 | €396,602 | -€32,130 | -7.5% |
| Total equity and liabilities | 10/49 | €10,899,697 | €11,540,749 | +€641,052 | +5.9% |
| Equity | 10/15 | €9,023,080 | €10,142,650 | +€1.1m | +12.4% |
| Contributions | 10/11 | €8,975,363 | €10,018,706 | +€1.0m | +11.6% |
| Reserves | 13 | €47,717 | €123,944 | +€76,227 | +159.7% |
| Distributable reserves | 133 | €47,717 | €123,944 | +€76,227 | +159.7% |
| Amounts payable | 17/49 | €1,876,617 | €1,398,099 | -€478,518 | -25.5% |
| Amounts payable after more than one year | 17 | €935,000 | €587,000 | -€348,000 | -37.2% |
| Financial debts | 170/4 | €935,000 | €587,000 | -€348,000 | -37.2% |
| Other loans | 174 | €935,000 | €587,000 | -€348,000 | -37.2% |
| Amounts payable within one year | 42/48 | €913,971 | €758,684 | -€155,287 | -17.0% |
| Trade debts | 44 | €36,885 | €23,423 | -€13,462 | -36.5% |
| Suppliers | 440/4 | €36,885 | €23,423 | -€13,462 | -36.5% |
| Taxes, remuneration and social security | 45 | €2,347 | €2,135 | -€212 | -9.0% |
| Taxes | 450/3 | €2,347 | €2,135 | -€212 | -9.0% |
| Other amounts payable | 47/48 | €874,740 | €733,127 | -€141,613 | -16.2% |
| Accrued charges and deferred income | 492/3 | €27,646 | €52,415 | +€24,769 | +89.6% |
| Operating charges | 60/66A | €56,159 | €50,400 | -€5,759 | -10.3% |
| Services and other goods | 61 | €51,099 | €46,218 | -€4,880 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,473 | €2,546 | -€927 | -26.7% |
| Other operating charges | 640/8 | €1,588 | €1,636 | +€49 | +3.1% |
| Operating profit (loss) | 9901 | -€56,159 | -€50,400 | +€5,759 | +10.3% |
| Financial income | 75/76B | €581,817 | €683,109 | +€101,293 | +17.4% |
| Recurring financial income | 75 | €581,817 | €683,109 | +€101,293 | +17.4% |
| Income from financial fixed assets | 750 | €581,817 | €683,109 | +€101,293 | +17.4% |
| Financial charges | 65/66B | €24,198 | €25,276 | +€1,078 | +4.5% |
| Recurring financial charges | 65 | €24,198 | €25,276 | +€1,078 | +4.5% |
| Debt charges | 650 | €24,046 | €25,119 | +€1,072 | +4.5% |
| Other financial charges | 652/9 | €151 | €157 | +€6 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €501,460 | €607,433 | +€105,973 | +21.1% |
| Income taxes | 67/77 | €82,347 | €107,135 | +€24,788 | +30.1% |
| Taxes | 670/3 | €82,347 | €107,135 | +€24,788 | +30.1% |
| Profit (loss) for the period | 9904 | €419,113 | €500,298 | +€81,185 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €419,113 | €500,298 | +€81,185 | +19.4% |
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 10 October 2026 via checked.be.