ECOCAR GROUP: 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.
ECOCAR GROUP
Largest movements
- Stocks and contracts -€87,772
down €87,772 (-73.2%), from €119,982 to €32,210
- Cash +€2,854
up €2,854 (+2439.7%), from €117 to €2,971
mainly Stocks and contracts (+€87,772) and Advances received (+€7,800)
- Receivables within one year +€2,788
up €2,788 (+237.3%), from €1,175 to €3,963
- Profit (loss) carried forward -€76,024
down €76,024, from €8,665 to -€67,359
- Other debts -€10,584
down €10,584 (-14.5%), from €73,051 to €62,467
- Advances received +€7,800
up €7,800 (+1560.0%), from €500 to €8,300
- Trade debts -€7,178
down €7,178 (-35.5%), from €20,225 to €13,047
- Tax, wage and social debts +€3,522
up €3,522 (+55.8%), from €6,316 to €9,838
of which Remuneration and social security: +€6,026
- Gross operating margin -€87,354
down €87,354, from €35,510 to -€51,844
- Staff costs +€16,530
up €16,530 (+247.6%), from €6,676 to €23,206
- Taxes -€2,505
down €2,505 (-100.0%), from €2,505 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,758 | €44,294 | -€82,464 | -65.1% |
| Formation expenses | 20 | €334 | €0 | -€334 | -100.0% |
| Fixed assets | 21/28 | €5,150 | €5,150 | = | 0.0% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Financial fixed assets | 28 | €5,150 | €5,150 | = | 0.0% |
| Current assets | 29/58 | €121,274 | €39,144 | -€82,130 | -67.7% |
| Stocks and contracts in progress | 3 | €119,982 | €32,210 | -€87,772 | -73.2% |
| Stocks | 30/36 | €119,982 | €32,210 | -€87,772 | -73.2% |
| Amounts receivable within one year | 40/41 | €1,175 | €3,963 | +€2,788 | +237.3% |
| Other amounts receivable | 41 | €1,175 | €3,963 | +€2,788 | +237.3% |
| Cash at bank and in hand | 54/58 | €117 | €2,971 | +€2,854 | +2439.7% |
| Total equity and liabilities | 10/49 | €126,758 | €44,294 | -€82,464 | -65.1% |
| Equity | 10/15 | €26,665 | -€49,359 | -€76,024 | |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Capital | 10 | €18,000 | €18,000 | = | 0.0% |
| Issued capital | 100 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,665 | -€67,359 | -€76,024 | |
| Amounts payable | 17/49 | €100,092 | €93,653 | -€6,440 | -6.4% |
| Amounts payable within one year | 42/48 | €100,092 | €93,653 | -€6,440 | -6.4% |
| Trade debts | 44 | €20,225 | €13,047 | -€7,178 | -35.5% |
| Suppliers | 440/4 | €20,225 | €13,047 | -€7,178 | -35.5% |
| Advances received on contracts in progress | 46 | €500 | €8,300 | +€7,800 | +1560.0% |
| Taxes, remuneration and social security | 45 | €6,316 | €9,838 | +€3,522 | +55.8% |
| Taxes | 450/3 | €2,505 | - | -€2,505 | |
| Remuneration and social security | 454/9 | €3,811 | €9,838 | +€6,026 | +158.1% |
| Other amounts payable | 47/48 | €73,051 | €62,467 | -€10,584 | -14.5% |
| Remuneration, social security and pensions | 62 | €6,676 | €23,206 | +€16,530 | +247.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334 | €334 | -€0 | 0.0% |
| Non-recurring operating charges | 66A | €500 | €500 | = | 0.0% |
| Gross operating margin | 9900 | €35,510 | -€51,844 | -€87,354 | |
| Operating profit (loss) | 9901 | €28,000 | -€75,883 | -€103,884 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €144 | €141 | -€3 | -2.3% |
| Recurring financial charges | 65 | €144 | €141 | -€3 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €27,857 | -€76,024 | -€103,881 | |
| Income taxes | 67/77 | €2,505 | €0 | -€2,505 | -100.0% |
| Profit (loss) for the period | 9904 | €25,352 | -€76,024 | -€101,376 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,352 | -€76,024 | -€101,376 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.