ECOBE: 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.
ECOBE
Largest movements
- Receivables within one year +€35,379
up €35,379 (+590%), from €5,996 to €41,375
of which Trade receivables: +€36,746
- Tangible fixed assets -€25,977
down €25,977 (-41.0%), from €63,322 to €37,345
of which Land and buildings: -€26,107
- Cash -€1,160
down €1,160 (-51.5%), from €2,254 to €1,094
mainly Receivables within one year (-€35,379) and Current portion of long-term debt (-€34,532)
- Current portion of long-term debt -€34,532
no longer reported in 2025 (was €34,532)
- Other debts +€26,880
up €26,880 (+1,336%), from €2,012 to €28,891
- Profit (loss) carried forward +€24,775
up €24,775 (+16.6%), from -€149,579 to -€124,804
- Debts after one year -€23,312
down €23,312 (-16.0%), from €145,609 to €122,297
of which Financial debts: -€57,692
- Trade debts +€13,769
up €13,769 (+479%), from €2,872 to €16,642
- Other operating charges -€3,064
down €3,064 (-46.0%), from €6,660 to €3,596
- Gross operating margin -€2,477
down €2,477 (-3.3%), from €76,194 to €73,716
- Taxes -€1,137
down €1,137 (-10.1%), from €11,242 to €10,105
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 | €72,268 | €80,639 | +€8,371 | +11.6% |
| Fixed assets | 21/28 | €63,322 | €37,345 | -€25,977 | -41.0% |
| Tangible fixed assets | 22/27 | €63,322 | €37,345 | -€25,977 | -41.0% |
| Land and buildings | 22 | €61,481 | €35,374 | -€26,107 | -42.5% |
| Plant, machinery and equipment | 23 | - | €591 | +€591 | |
| Furniture and vehicles | 24 | €1,841 | €1,380 | -€460 | -25.0% |
| Current assets | 29/58 | €8,946 | €43,294 | +€34,348 | +384% |
| Amounts receivable within one year | 40/41 | €5,996 | €41,375 | +€35,379 | +590% |
| Trade receivables | 40 | €2,337 | €39,083 | +€36,746 | +1,572% |
| Other amounts receivable | 41 | €3,659 | €2,292 | -€1,367 | -37.4% |
| Cash at bank and in hand | 54/58 | €2,254 | €1,094 | -€1,160 | -51.5% |
| Deferred charges and accrued income | 490/1 | €696 | €825 | +€129 | +18.5% |
| Total equity and liabilities | 10/49 | €72,268 | €80,639 | +€8,371 | +11.6% |
| Equity | 10/15 | -€129,128 | -€104,353 | +€24,775 | +19.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,579 | -€124,804 | +€24,775 | +16.6% |
| Amounts payable | 17/49 | €201,396 | €184,992 | -€16,404 | -8.1% |
| Amounts payable after more than one year | 17 | €145,609 | €122,297 | -€23,312 | -16.0% |
| Financial debts | 170/4 | €57,692 | - | -€57,692 | |
| Other amounts payable | 178/9 | €87,917 | €122,297 | +€34,380 | +39.1% |
| Amounts payable within one year | 42/48 | €55,787 | €61,302 | +€5,515 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €34,532 | - | -€34,532 | |
| Financial debts | 43 | €14,751 | €6,611 | -€8,141 | -55.2% |
| Credit institutions | 430/8 | €14,751 | €6,611 | -€8,141 | -55.2% |
| Trade debts | 44 | €2,872 | €16,642 | +€13,769 | +479% |
| Suppliers | 440/4 | €2,872 | €16,642 | +€13,769 | +479% |
| Taxes, remuneration and social security | 45 | €1,620 | €9,158 | +€7,538 | +465% |
| Taxes | 450/3 | €1,620 | €9,158 | +€7,538 | +465% |
| Other amounts payable | 47/48 | €2,012 | €28,891 | +€26,880 | +1,336% |
| Accrued charges and deferred income | 492/3 | €0 | €1,393 | +€1,393 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,490 | €26,817 | +€327 | +1.2% |
| Other operating charges | 640/8 | €6,660 | €3,596 | -€3,064 | -46.0% |
| Gross operating margin | 9900 | €76,194 | €73,716 | -€2,477 | -3.3% |
| Operating profit (loss) | 9901 | €43,044 | €43,303 | +€259 | +0.6% |
| Financial income | 75/76B | €691 | €16 | -€675 | -97.7% |
| Recurring financial income | 75 | €691 | €16 | -€675 | -97.7% |
| Financial charges | 65/66B | €8,455 | €8,439 | -€15 | -0.2% |
| Recurring financial charges | 65 | €8,455 | €8,439 | -€15 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €35,280 | €34,880 | -€400 | -1.1% |
| Income taxes | 67/77 | €11,242 | €10,105 | -€1,137 | -10.1% |
| Profit (loss) for the period | 9904 | €24,039 | €24,775 | +€737 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,039 | €24,775 | +€737 | +3.1% |
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 23 October 2026 via checked.be.