ECOBEL GROUP: 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.
ECOBEL GROUP
Largest movements
- Cash +€60,290
up €60,290 (+445%), from €13,548 to €73,838
mainly Net result for the year (+€79,280) and Other debts (+€1,494)
- Profit (loss) carried forward +€57,280
up €57,280 (+256%), from €22,365 to €79,645
- Tax, wage and social debts -€1,653
down €1,653 (-18.2%), from €9,081 to €7,428
- Other debts +€1,494
up €1,494 (+13.2%), from €11,321 to €12,815
- Trade debts +€1,184
up €1,184 (+756%), from €157 to €1,340
- Gross operating margin +€71,501
up €71,501 (+193%), from €37,121 to €108,622
- Taxes +€23,382
up €23,382 (+494%), from €4,730 to €28,112
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 | €47,924 | €106,456 | +€58,533 | +122% |
| Fixed assets | 21/28 | €3,433 | €2,713 | -€720 | -21.0% |
| Tangible fixed assets | 22/27 | €2,941 | €2,221 | -€720 | -24.5% |
| Plant, machinery and equipment | 23 | €2,941 | €2,221 | -€720 | -24.5% |
| Financial fixed assets | 28 | €492 | €492 | = | 0.0% |
| Current assets | 29/58 | €44,491 | €103,743 | +€59,253 | +133% |
| Stocks and contracts in progress | 3 | €1,434 | €1,261 | -€173 | -12.1% |
| Stocks | 30/36 | €1,434 | €1,261 | -€173 | -12.1% |
| Amounts receivable within one year | 40/41 | €29,449 | €28,517 | -€933 | -3.2% |
| Trade receivables | 40 | €26,619 | €26,647 | +€28 | +0.1% |
| Other amounts receivable | 41 | €2,831 | €1,870 | -€961 | -33.9% |
| Cash at bank and in hand | 54/58 | €13,548 | €73,838 | +€60,290 | +445% |
| Deferred charges and accrued income | 490/1 | €59 | €127 | +€68 | +115% |
| Total equity and liabilities | 10/49 | €47,924 | €106,456 | +€58,533 | +122% |
| Equity | 10/15 | €27,365 | €84,645 | +€57,280 | +209% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,365 | €79,645 | +€57,280 | +256% |
| Amounts payable | 17/49 | €20,559 | €21,811 | +€1,252 | +6.1% |
| Amounts payable within one year | 42/48 | €20,559 | €21,584 | +€1,025 | +5.0% |
| Trade debts | 44 | €157 | €1,340 | +€1,184 | +756% |
| Suppliers | 440/4 | €157 | €1,340 | +€1,184 | +756% |
| Taxes, remuneration and social security | 45 | €9,081 | €7,428 | -€1,653 | -18.2% |
| Taxes | 450/3 | €9,081 | €7,428 | -€1,653 | -18.2% |
| Other amounts payable | 47/48 | €11,321 | €12,815 | +€1,494 | +13.2% |
| Accrued charges and deferred income | 492/3 | - | €227 | +€227 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €659 | €720 | +€61 | +9.3% |
| Other operating charges | 640/8 | €401 | €400 | -€2 | -0.4% |
| Gross operating margin | 9900 | €37,121 | €108,622 | +€71,501 | +193% |
| Operating profit (loss) | 9901 | €36,061 | €107,502 | +€71,441 | +198% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | - | €110 | +€110 | |
| Recurring financial charges | 65 | - | €110 | +€110 | |
| Profit (loss) for the period before taxes | 9903 | €36,072 | €107,393 | +€71,321 | +198% |
| Income taxes | 67/77 | €4,730 | €28,112 | +€23,382 | +494% |
| Profit (loss) for the period | 9904 | €31,342 | €79,280 | +€47,939 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €31,342 | €79,280 | +€47,939 | +153% |
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 15 October 2026 via checked.be.