ECOBEM: what changed
Two fiscal 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.
ECOBEM
Largest movements
- Tangible fixed assets +€499,977
up €499,977 (+2191.7%), from €22,812 to €522,789
of which Land and buildings: +€519,003
- Cash -€185,896
down €185,896 (-73.6%), from €252,406 to €66,510
mainly Investment in fixed assets (net) (-€547,942) and Contributions, distributions and other (-€72,057)
- Receivables within one year +€49,787
up €49,787 (+1477.4%), from €3,370 to €53,156
of which Trade receivables: +€46,187
- Debts after one year +€406,004
up €406,004 (+218.9%), from €185,448 to €591,451
- Profit (loss) carried forward -€71,224
no longer reported in 2025 (was €71,224)
- Reserves +€46,621
new in 2025: €46,621
- Current portion of long-term debt -€8,105
no longer reported in 2025 (was €8,105)
- Tax, wage and social debts -€6,579
down €6,579 (-56.1%), from €11,729 to €5,151
- Depreciation +€22,895
up €22,895 (+91.3%), from €25,070 to €47,965
- Financial charges +€12,237
up €12,237 (+402.8%), from €3,038 to €15,274
- Gross operating margin +€11,710
up €11,710 (+9.9%), from €118,165 to €129,875
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €280,927 | €645,303 | +€364,376 | +129.7% |
| Fixed assets | 21/28 | €22,812 | €522,789 | +€499,977 | +2191.7% |
| Tangible fixed assets | 22/27 | €22,812 | €522,789 | +€499,977 | +2191.7% |
| Land and buildings | 22 | - | €519,003 | +€519,003 | |
| Plant, machinery and equipment | 23 | €12,871 | €3,786 | -€9,085 | -70.6% |
| Furniture and vehicles | 24 | €9,941 | - | -€9,941 | |
| Current assets | 29/58 | €258,115 | €122,514 | -€135,601 | -52.5% |
| Amounts receivable within one year | 40/41 | €3,370 | €53,156 | +€49,787 | +1477.4% |
| Trade receivables | 40 | - | €46,187 | +€46,187 | |
| Other amounts receivable | 41 | €3,370 | €6,970 | +€3,600 | +106.8% |
| Cash at bank and in hand | 54/58 | €252,406 | €66,510 | -€185,896 | -73.6% |
| Deferred charges and accrued income | 490/1 | €2,338 | €2,847 | +€509 | +21.8% |
| Total equity and liabilities | 10/49 | €280,927 | €645,303 | +€364,376 | +129.7% |
| Equity | 10/15 | €72,224 | €47,621 | -€24,602 | -34.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €46,621 | +€46,621 | |
| Distributable reserves | 133 | - | €46,621 | +€46,621 | |
| Profit (loss) carried forward | 14 | €71,224 | - | -€71,224 | |
| Amounts payable | 17/49 | €208,703 | €597,682 | +€388,978 | +186.4% |
| Amounts payable after more than one year | 17 | €185,448 | €591,451 | +€406,004 | +218.9% |
| Financial debts | 170/4 | €185,448 | €591,451 | +€406,004 | +218.9% |
| Amounts payable within one year | 42/48 | €23,256 | €6,230 | -€17,025 | -73.2% |
| Current portion of amounts payable after more than one year | 42 | €8,105 | - | -€8,105 | |
| Financial debts | 43 | €164 | €690 | +€526 | +319.6% |
| Credit institutions | 430/8 | €164 | €690 | +€526 | +319.6% |
| Trade debts | 44 | €3,212 | - | -€3,212 | |
| Suppliers | 440/4 | €3,212 | - | -€3,212 | |
| Taxes, remuneration and social security | 45 | €11,729 | €5,151 | -€6,579 | -56.1% |
| Taxes | 450/3 | €11,729 | €5,151 | -€6,579 | -56.1% |
| Other amounts payable | 47/48 | €45 | €390 | +€345 | +764.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,070 | €47,965 | +€22,895 | +91.3% |
| Other operating charges | 640/8 | €1,414 | €1,355 | -€59 | -4.2% |
| Gross operating margin | 9900 | €118,165 | €129,875 | +€11,710 | +9.9% |
| Operating profit (loss) | 9901 | €91,681 | €80,555 | -€11,126 | -12.1% |
| Financial income | 75/76B | €1,141 | €518 | -€622 | -54.6% |
| Recurring financial income | 75 | €1,141 | €518 | -€622 | -54.6% |
| Financial charges | 65/66B | €3,038 | €15,274 | +€12,237 | +402.8% |
| Recurring financial charges | 65 | €3,038 | €15,274 | +€12,237 | +402.8% |
| Profit (loss) for the period before taxes | 9903 | €89,784 | €65,799 | -€23,985 | -26.7% |
| Income taxes | 67/77 | €18,560 | €18,344 | -€216 | -1.2% |
| Profit (loss) for the period | 9904 | €71,224 | €47,454 | -€23,769 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €71,224 | €47,454 | -€23,769 | -33.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.