ECOCIM: 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.
ECOCIM
Largest movements
- Stocks and contracts +€48,453
up €48,453 (+98.5%), from €49,176 to €97,629
- Receivables within one year -€12,853
down €12,853 (-56.3%), from €22,827 to €9,974
of which Trade receivables: -€12,845
- Tangible fixed assets +€6,918
up €6,918 (+22.4%), from €30,918 to €37,836
of which Plant, machinery and equipment: +€12,814
- Cash -€5,540
down €5,540 (-93.3%), from €5,939 to €399
mainly Stocks and contracts (-€48,453) and Investment in fixed assets (net) (-€18,313)
- Debts after one year +€35,000
up €35,000 (+186.7%), from €18,750 to €53,750
of which Other amounts payable: +€40,000
- Trade debts +€18,486
up €18,486 (+208.0%), from €8,888 to €27,373
- Other debts -€12,586
down €12,586 (-51.6%), from €24,371 to €11,785
- Tax, wage and social debts -€7,238
down €7,238 (-17.9%), from €40,489 to €33,251
of which Remuneration and social security: -€12,953
- Profit (loss) carried forward +€5,666
up €5,666 (+144.9%), from €3,911 to €9,577
- Staff costs -€88,272
down €88,272 (-67.7%), from €130,418 to €42,146
- Gross operating margin -€84,465
down €84,465 (-82.8%), from €101,965 to €17,500
- Financial charges +€1,917
up €1,917 (+38.2%), from €5,025 to €6,942
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 | €112,558 | €148,374 | +€35,816 | +31.8% |
| Formation expenses | 20 | €2,069 | €1,422 | -€647 | -31.3% |
| Fixed assets | 21/28 | €31,508 | €38,426 | +€6,918 | +22.0% |
| Tangible fixed assets | 22/27 | €30,918 | €37,836 | +€6,918 | +22.4% |
| Plant, machinery and equipment | 23 | €17,491 | €30,305 | +€12,814 | +73.3% |
| Furniture and vehicles | 24 | €13,427 | €7,531 | -€5,896 | -43.9% |
| Financial fixed assets | 28 | €590 | €590 | = | 0.0% |
| Current assets | 29/58 | €78,981 | €108,526 | +€29,545 | +37.4% |
| Stocks and contracts in progress | 3 | €49,176 | €97,629 | +€48,453 | +98.5% |
| Stocks | 30/36 | €49,176 | €97,629 | +€48,453 | +98.5% |
| Amounts receivable within one year | 40/41 | €22,827 | €9,974 | -€12,853 | -56.3% |
| Trade receivables | 40 | €22,747 | €9,902 | -€12,845 | -56.5% |
| Other amounts receivable | 41 | €80 | €72 | -€8 | -10.0% |
| Cash at bank and in hand | 54/58 | €5,939 | €399 | -€5,540 | -93.3% |
| Deferred charges and accrued income | 490/1 | €1,040 | €524 | -€516 | -49.6% |
| Total equity and liabilities | 10/49 | €112,558 | €148,374 | +€35,816 | +31.8% |
| Equity | 10/15 | €10,111 | €15,777 | +€5,666 | +56.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,911 | €9,577 | +€5,666 | +144.9% |
| Investment grants | 15 | €0 | €0 | = | |
| Amounts payable | 17/49 | €102,447 | €132,597 | +€30,150 | +29.4% |
| Amounts payable after more than one year | 17 | €18,750 | €53,750 | +€35,000 | +186.7% |
| Financial debts | 170/4 | €18,750 | €13,750 | -€5,000 | -26.7% |
| Other amounts payable | 178/9 | - | €40,000 | +€40,000 | |
| Amounts payable within one year | 42/48 | €78,748 | €77,410 | -€1,338 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €8,888 | €27,373 | +€18,486 | +208.0% |
| Suppliers | 440/4 | €8,888 | €27,373 | +€18,486 | +208.0% |
| Taxes, remuneration and social security | 45 | €40,489 | €33,251 | -€7,238 | -17.9% |
| Taxes | 450/3 | €18,330 | €24,046 | +€5,715 | +31.2% |
| Remuneration and social security | 454/9 | €22,158 | €9,205 | -€12,953 | -58.5% |
| Other amounts payable | 47/48 | €24,371 | €11,785 | -€12,586 | -51.6% |
| Accrued charges and deferred income | 492/3 | €4,949 | €1,437 | -€3,512 | -71.0% |
| Remuneration, social security and pensions | 62 | €130,418 | €42,146 | -€88,272 | -67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,736 | €12,042 | +€306 | +2.6% |
| Other operating charges | 640/8 | €804 | €512 | -€292 | -36.3% |
| Gross operating margin | 9900 | €101,965 | €17,500 | -€84,465 | -82.8% |
| Operating profit (loss) | 9901 | -€40,993 | -€37,200 | +€3,792 | +9.3% |
| Financial income | 75/76B | €49,928 | €49,808 | -€120 | -0.2% |
| Recurring financial income | 75 | €49,928 | €49,808 | -€120 | -0.2% |
| Financial charges | 65/66B | €5,025 | €6,942 | +€1,917 | +38.2% |
| Recurring financial charges | 65 | €5,025 | €6,942 | +€1,917 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €3,911 | €5,666 | +€1,755 | +44.9% |
| Profit (loss) for the period | 9904 | €3,911 | €5,666 | +€1,755 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,911 | €5,666 | +€1,755 | +44.9% |
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 5 October 2026 via checked.be.