ECODEC: 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.
ECODEC
Largest movements
- Receivables within one year +€111,725
up €111,725 (+209.3%), from €53,372 to €165,098
of which Trade receivables: +€68,311
- Stocks and contracts -€44,384
down €44,384 (-19.7%), from €225,177 to €180,794
- Cash -€33,907
down €33,907 (-32.2%), from €105,302 to €71,395
mainly Receivables within one year (-€111,725) and Contributions, distributions and other (-€42,053)
- Intangible fixed assets -€9,772
down €9,772 (-28.1%), from €34,729 to €24,957
- Tangible fixed assets -€6,895
down €6,895 (-24.6%), from €28,071 to €21,176
of which Plant, machinery and equipment: -€6,389
- Trade debts +€24,377
up €24,377 (+81.2%), from €30,025 to €54,402
- Investment grants -€12,053
down €12,053 (-44.0%), from €27,369 to €15,316
- Debts after one year +€9,236
up €9,236 (+44.5%), from €20,775 to €30,012
- Profit (loss) carried forward -€8,890
down €8,890 (-9.9%), from €90,058 to €81,169
- Short-term financial debts +€8,229
up €8,229 (+8.3%), from €99,721 to €107,950
- Staff costs +€26,736
up €26,736 (+71.6%), from €37,344 to €64,080
- Taxes -€13,898
down €13,898 (-85.4%), from €16,269 to €2,371
- Gross operating margin -€11,529
down €11,529 (-9.5%), from €121,622 to €110,093
- Financial charges +€6,335
up €6,335 (+331.2%), from €1,913 to €8,248
- Financial income -€4,072
down €4,072 (-49.8%), from €8,185 to €4,112
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 | €452,873 | €471,934 | +€19,062 | +4.2% |
| Fixed assets | 21/28 | €63,672 | €46,134 | -€17,539 | -27.5% |
| Intangible fixed assets | 21 | €34,729 | €24,957 | -€9,772 | -28.1% |
| Tangible fixed assets | 22/27 | €28,071 | €21,176 | -€6,895 | -24.6% |
| Plant, machinery and equipment | 23 | €27,245 | €20,856 | -€6,389 | -23.4% |
| Furniture and vehicles | 24 | €826 | €320 | -€506 | -61.2% |
| Financial fixed assets | 28 | €872 | - | -€872 | |
| Current assets | 29/58 | €389,201 | €425,801 | +€36,600 | +9.4% |
| Stocks and contracts in progress | 3 | €225,177 | €180,794 | -€44,384 | -19.7% |
| Stocks | 30/36 | €225,177 | €180,794 | -€44,384 | -19.7% |
| Amounts receivable within one year | 40/41 | €53,372 | €165,098 | +€111,725 | +209.3% |
| Trade receivables | 40 | €28,806 | €97,117 | +€68,311 | +237.1% |
| Other amounts receivable | 41 | €24,566 | €67,980 | +€43,414 | +176.7% |
| Cash at bank and in hand | 54/58 | €105,302 | €71,395 | -€33,907 | -32.2% |
| Deferred charges and accrued income | 490/1 | €5,349 | €8,515 | +€3,165 | +59.2% |
| Total equity and liabilities | 10/49 | €452,873 | €471,934 | +€19,062 | +4.2% |
| Equity | 10/15 | €250,741 | €229,799 | -€20,943 | -8.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €71,814 | €71,814 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €65,664 | €65,664 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,058 | €81,169 | -€8,890 | -9.9% |
| Investment grants | 15 | €27,369 | €15,316 | -€12,053 | -44.0% |
| Amounts payable | 17/49 | €202,132 | €242,136 | +€40,004 | +19.8% |
| Amounts payable after more than one year | 17 | €20,775 | €30,012 | +€9,236 | +44.5% |
| Other amounts payable | 178/9 | €20,775 | €30,012 | +€9,236 | +44.5% |
| Amounts payable within one year | 42/48 | €181,356 | €212,124 | +€30,768 | +17.0% |
| Financial debts | 43 | €99,721 | €107,950 | +€8,229 | +8.3% |
| Credit institutions | 430/8 | €99,721 | €107,950 | +€8,229 | +8.3% |
| Trade debts | 44 | €30,025 | €54,402 | +€24,377 | +81.2% |
| Suppliers | 440/4 | €30,025 | €54,402 | +€24,377 | +81.2% |
| Taxes, remuneration and social security | 45 | €6,847 | €10,135 | +€3,287 | +48.0% |
| Taxes | 450/3 | €1,404 | - | -€1,404 | |
| Remuneration and social security | 454/9 | €5,443 | €10,135 | +€4,691 | +86.2% |
| Other amounts payable | 47/48 | €44,764 | €39,638 | -€5,126 | -11.5% |
| Remuneration, social security and pensions | 62 | €37,344 | €64,080 | +€26,736 | +71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,850 | €16,667 | +€2,816 | +20.3% |
| Other operating charges | 640/8 | €509 | €1,729 | +€1,220 | +239.6% |
| Gross operating margin | 9900 | €121,622 | €110,093 | -€11,529 | -9.5% |
| Operating profit (loss) | 9901 | €69,918 | €27,617 | -€42,301 | -60.5% |
| Financial income | 75/76B | €8,185 | €4,112 | -€4,072 | -49.8% |
| Recurring financial income | 75 | €8,185 | €4,112 | -€4,072 | -49.8% |
| Financial charges | 65/66B | €1,913 | €8,248 | +€6,335 | +331.2% |
| Recurring financial charges | 65 | €1,913 | €8,248 | +€6,335 | +331.2% |
| Profit (loss) for the period before taxes | 9903 | €76,190 | €23,481 | -€52,709 | -69.2% |
| Income taxes | 67/77 | €16,269 | €2,371 | -€13,898 | -85.4% |
| Profit (loss) for the period | 9904 | €59,921 | €21,111 | -€38,811 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,921 | €21,111 | -€38,811 | -64.8% |
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 28 September 2026 via checked.be.