ECOBELTECH: 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.
ECOBELTECH
Largest movements
- Cash +€17,845
up €17,845 (+76.2%), from €23,429 to €41,274
mainly Net result for the year (+€10,551) and Investment in fixed assets (net) (+€9,471)
- Financial fixed assets -€12,000
no longer reported in 2025 (was €12,000)
- Receivables within one year +€3,807
up €3,807 (+209%), from €1,826 to €5,633
of which Trade receivables: +€3,741
- Tangible fixed assets -€1,138
down €1,138 (-8.8%), from €12,893 to €11,754
of which Furniture and vehicles: -€1,152
- Profit (loss) carried forward +€10,551
up €10,551 (+63.4%), from €16,640 to €27,192
- Other debts -€6,322
down €6,322 (-35.3%), from €17,910 to €11,587
- Tax, wage and social debts +€3,737
up €3,737 (+48.2%), from €7,759 to €11,496
- Trade debts +€666
up €666 (+151%), from €440 to €1,106
- Financial income +€7,599
up €7,599 (+8,987%), from €85 to €7,684
- Gross operating margin -€4,241
down €4,241 (-28.6%), from €14,853 to €10,612
- Taxes -€406
down €406 (-12.2%), from €3,318 to €2,912
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 | €51,309 | €59,941 | +€8,632 | +16.8% |
| Fixed assets | 21/28 | €24,893 | €11,754 | -€13,138 | -52.8% |
| Tangible fixed assets | 22/27 | €12,893 | €11,754 | -€1,138 | -8.8% |
| Plant, machinery and equipment | 23 | €9,729 | €9,742 | +€13 | +0.1% |
| Furniture and vehicles | 24 | €3,164 | €2,012 | -€1,152 | -36.4% |
| Financial fixed assets | 28 | €12,000 | - | -€12,000 | |
| Current assets | 29/58 | €26,416 | €48,187 | +€21,771 | +82.4% |
| Amounts receivable within one year | 40/41 | €1,826 | €5,633 | +€3,807 | +209% |
| Trade receivables | 40 | €1,592 | €5,333 | +€3,741 | +235% |
| Other amounts receivable | 41 | €234 | €301 | +€66 | +28.4% |
| Cash at bank and in hand | 54/58 | €23,429 | €41,274 | +€17,845 | +76.2% |
| Deferred charges and accrued income | 490/1 | €1,162 | €1,280 | +€118 | +10.2% |
| Total equity and liabilities | 10/49 | €51,309 | €59,941 | +€8,632 | +16.8% |
| Equity | 10/15 | €24,700 | €35,252 | +€10,551 | +42.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,640 | €27,192 | +€10,551 | +63.4% |
| Provisions and deferred taxes | 16 | €500 | €500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €500 | €500 | = | 0.0% |
| Environmental obligations | 163 | €500 | €500 | = | 0.0% |
| Amounts payable | 17/49 | €26,109 | €24,190 | -€1,919 | -7.4% |
| Amounts payable within one year | 42/48 | €26,109 | €24,190 | -€1,919 | -7.4% |
| Trade debts | 44 | €440 | €1,106 | +€666 | +151% |
| Suppliers | 440/4 | €440 | €1,106 | +€666 | +151% |
| Taxes, remuneration and social security | 45 | €7,759 | €11,496 | +€3,737 | +48.2% |
| Taxes | 450/3 | €7,759 | €11,496 | +€3,737 | +48.2% |
| Other amounts payable | 47/48 | €17,910 | €11,587 | -€6,322 | -35.3% |
| Non-recurring operating income | 76A | - | €738 | +€738 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,670 | €3,668 | -€2 | -0.1% |
| Other operating charges | 640/8 | €929 | €968 | +€39 | +4.2% |
| Non-recurring operating charges | 66A | €260 | - | -€260 | |
| Gross operating margin | 9900 | €14,853 | €10,612 | -€4,241 | -28.6% |
| Operating profit (loss) | 9901 | €9,994 | €5,976 | -€4,018 | -40.2% |
| Financial income | 75/76B | €85 | €7,684 | +€7,599 | +8,987% |
| Recurring financial income | 75 | €85 | €7,684 | +€7,599 | +8,987% |
| Financial charges | 65/66B | €170 | €196 | +€26 | +15.4% |
| Recurring financial charges | 65 | €170 | €196 | +€26 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €9,908 | €13,464 | +€3,555 | +35.9% |
| Income taxes | 67/77 | €3,318 | €2,912 | -€406 | -12.2% |
| Profit (loss) for the period | 9904 | €6,590 | €10,551 | +€3,961 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,590 | €10,551 | +€3,961 | +60.1% |
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 25 October 2026 via checked.be.