ECOCEL: 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.
ECOCEL
Largest movements
- Tangible fixed assets -€13,014
down €13,014 (-3.0%), from €431,258 to €418,244
of which Land and buildings: -€11,682
- Receivables within one year -€8,784
down €8,784 (-50.9%), from €17,246 to €8,462
of which Other amounts receivable: -€10,383
- Cash -€7,176
down €7,176 (-4.7%), from €152,950 to €145,774
mainly Other debts (-€30,224) and Debts after one year (-€11,880)
- Other debts -€30,224
down €30,224 (-20.8%), from €145,114 to €114,890
- Reserves +€14,157
up €14,157 (+8.1%), from €174,227 to €188,384
of which Distributable reserves: +€10,197
- Debts after one year -€11,880
down €11,880 (-15.2%), from €78,210 to €66,330
- Financial charges -€377,233
down €377,233 (-99.8%), from €377,923 to €690
of which Financial charges: -€377,233
- Financial income -€377,126
down €377,126 (-100.0%), from €377,126 to €0
of which Non-recurring financial income: -€377,126
- Depreciation -€17,986
down €17,986 (-53.5%), from €33,606 to €15,619
- Gross operating margin +€17,983
up €17,983 (+85.1%), from €21,128 to €39,111
- Taxes +€5,551
up €5,551 (+1388.9%), from €400 to €5,951
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 | €606,019 | €576,184 | -€29,835 | -4.9% |
| Fixed assets | 21/28 | €431,258 | €418,244 | -€13,014 | -3.0% |
| Tangible fixed assets | 22/27 | €431,258 | €418,244 | -€13,014 | -3.0% |
| Land and buildings | 22 | €426,881 | €415,200 | -€11,682 | -2.7% |
| Furniture and vehicles | 24 | €4,376 | €3,044 | -€1,332 | -30.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €174,761 | €157,941 | -€16,821 | -9.6% |
| Amounts receivable within one year | 40/41 | €17,246 | €8,462 | -€8,784 | -50.9% |
| Trade receivables | 40 | €2,172 | €3,772 | +€1,599 | +73.6% |
| Other amounts receivable | 41 | €15,074 | €4,691 | -€10,383 | -68.9% |
| Cash at bank and in hand | 54/58 | €152,950 | €145,774 | -€7,176 | -4.7% |
| Deferred charges and accrued income | 490/1 | €4,565 | €3,705 | -€861 | -18.9% |
| Total equity and liabilities | 10/49 | €606,019 | €576,184 | -€29,835 | -4.9% |
| Equity | 10/15 | €351,621 | €361,818 | +€10,197 | +2.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Revaluation surpluses | 12 | €103,039 | €99,079 | -€3,960 | -3.8% |
| Reserves | 13 | €174,227 | €188,384 | +€14,157 | +8.1% |
| Non-distributable reserves | 130/1 | €27,641 | €31,601 | +€3,960 | +14.3% |
| Reserves not available under the articles | 1311 | €27,641 | €31,601 | +€3,960 | +14.3% |
| Distributable reserves | 133 | €146,586 | €156,783 | +€10,197 | +7.0% |
| Profit (loss) carried forward | 14 | €67,354 | €67,354 | = | 0.0% |
| Provisions and deferred taxes | 16 | €10,010 | €10,010 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,010 | €10,010 | = | 0.0% |
| Major repairs and maintenance | 162 | €10,010 | €10,010 | = | 0.0% |
| Amounts payable | 17/49 | €244,388 | €204,356 | -€40,032 | -16.4% |
| Amounts payable after more than one year | 17 | €78,210 | €66,330 | -€11,880 | -15.2% |
| Financial debts | 170/4 | €78,210 | €66,330 | -€11,880 | -15.2% |
| Amounts payable within one year | 42/48 | €162,045 | €133,853 | -€28,192 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €11,880 | €11,880 | = | 0.0% |
| Trade debts | 44 | €2,900 | €4,250 | +€1,350 | +46.6% |
| Suppliers | 440/4 | €2,900 | €4,250 | +€1,350 | +46.6% |
| Taxes, remuneration and social security | 45 | €2,151 | €2,833 | +€682 | +31.7% |
| Taxes | 450/3 | €2,151 | €2,833 | +€682 | +31.7% |
| Other amounts payable | 47/48 | €145,114 | €114,890 | -€30,224 | -20.8% |
| Accrued charges and deferred income | 492/3 | €4,133 | €4,173 | +€40 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,606 | €15,619 | -€17,986 | -53.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,335 | €0 | +€3,335 | |
| Other operating charges | 640/8 | €6,405 | €6,653 | +€248 | +3.9% |
| Gross operating margin | 9900 | €21,128 | €39,111 | +€17,983 | +85.1% |
| Operating profit (loss) | 9901 | -€15,548 | €16,838 | +€32,386 | |
| Financial income | 75/76B | €377,126 | €0 | -€377,126 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Non-recurring financial income | 76B | €377,126 | €0 | -€377,126 | -100.0% |
| Financial charges | 65/66B | €377,923 | €690 | -€377,233 | -99.8% |
| Recurring financial charges | 65 | €377,923 | €690 | -€377,233 | -99.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€16,344 | €16,148 | +€32,492 | |
| Income taxes | 67/77 | €400 | €5,951 | +€5,551 | +1388.9% |
| Profit (loss) for the period | 9904 | -€16,744 | €10,197 | +€26,941 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,744 | €10,197 | +€26,941 |
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 6 October 2026 via checked.be.