ECODECO: what changed
Two financial 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.
ECODECO
Largest movements
- Tangible fixed assets +€73,208
up €73,208 (+86.1%), from €85,072 to €158,280
of which Other tangible fixed assets: +€83,815
- Receivables within one year +€33,931
up €33,931 (+34.9%), from €97,188 to €131,119
of which Trade receivables: +€50,813
- Cash -€15,142
no longer reported in 2025 (was €15,142)
mainly Investment in fixed assets (net) (-€95,848) and Receivables within one year (-€33,931)
- Financial fixed assets -€3,614
down €3,614 (-83.4%), from €4,334 to €720
- Debts after one year +€41,765
up €41,765 (+87.8%), from €47,584 to €89,349
- Short-term financial debts +€20,686
new in 2025: €20,686
- Trade debts +€17,843
up €17,843 (+164.4%), from €10,850 to €28,693
- Tax, wage and social debts -€11,227
down €11,227 (-38.1%), from €29,452 to €18,225
of which Taxes: -€18,239
- Profit (loss) carried forward +€8,704
up €8,704 (+8.5%), from €102,121 to €110,825
- Gross operating margin +€45,837
up €45,837 (+42.7%), from €107,310 to €153,147
- Staff costs +€30,732
up €30,732 (+43.2%), from €71,178 to €101,911
- Depreciation +€5,375
up €5,375 (+25.7%), from €20,880 to €26,254
- Financial charges +€3,484
up €3,484 (+86.4%), from €4,033 to €7,517
- Other operating charges +€3,109
up €3,109 (+207.3%), from €1,499 to €4,608
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 | €210,248 | €299,361 | +€89,112 | +42.4% |
| Fixed assets | 21/28 | €89,406 | €159,000 | +€69,594 | +77.8% |
| Tangible fixed assets | 22/27 | €85,072 | €158,280 | +€73,208 | +86.1% |
| Furniture and vehicles | 24 | €85,072 | €74,464 | -€10,607 | -12.5% |
| Other tangible fixed assets | 26 | - | €83,815 | +€83,815 | |
| Financial fixed assets | 28 | €4,334 | €720 | -€3,614 | -83.4% |
| Current assets | 29/58 | €120,843 | €140,361 | +€19,518 | +16.2% |
| Amounts receivable within one year | 40/41 | €97,188 | €131,119 | +€33,931 | +34.9% |
| Trade receivables | 40 | €78,209 | €129,022 | +€50,813 | +65.0% |
| Other amounts receivable | 41 | €18,979 | €2,097 | -€16,881 | -88.9% |
| Cash at bank and in hand | 54/58 | €15,142 | - | -€15,142 | |
| Deferred charges and accrued income | 490/1 | €8,513 | €9,242 | +€729 | +8.6% |
| Total equity and liabilities | 10/49 | €210,248 | €299,361 | +€89,112 | +42.4% |
| Equity | 10/15 | €108,321 | €117,025 | +€8,704 | +8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,121 | €110,825 | +€8,704 | +8.5% |
| Amounts payable | 17/49 | €101,927 | €182,336 | +€80,409 | +78.9% |
| Amounts payable after more than one year | 17 | €47,584 | €89,349 | +€41,765 | +87.8% |
| Financial debts | 170/4 | €47,584 | €89,349 | +€41,765 | +87.8% |
| Amounts payable within one year | 42/48 | €54,343 | €92,987 | +€38,644 | +71.1% |
| Current portion of amounts payable after more than one year | 42 | €14,040 | €21,153 | +€7,113 | +50.7% |
| Financial debts | 43 | - | €20,686 | +€20,686 | |
| Credit institutions | 430/8 | - | €20,686 | +€20,686 | |
| Trade debts | 44 | €10,850 | €28,693 | +€17,843 | +164.4% |
| Suppliers | 440/4 | €10,850 | €28,693 | +€17,843 | +164.4% |
| Taxes, remuneration and social security | 45 | €29,452 | €18,225 | -€11,227 | -38.1% |
| Taxes | 450/3 | €23,422 | €5,184 | -€18,239 | -77.9% |
| Remuneration and social security | 454/9 | €6,030 | €13,041 | +€7,012 | +116.3% |
| Other amounts payable | 47/48 | - | €4,229 | +€4,229 | |
| Non-recurring operating income | 76A | - | €9,000 | +€9,000 | |
| Remuneration, social security and pensions | 62 | €71,178 | €101,911 | +€30,732 | +43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,880 | €26,254 | +€5,375 | +25.7% |
| Other operating charges | 640/8 | €1,499 | €4,608 | +€3,109 | +207.3% |
| Gross operating margin | 9900 | €107,310 | €153,147 | +€45,837 | +42.7% |
| Operating profit (loss) | 9901 | €13,752 | €20,374 | +€6,622 | +48.2% |
| Financial income | 75/76B | €1,280 | €792 | -€489 | -38.2% |
| Recurring financial income | 75 | €1,280 | €792 | -€489 | -38.2% |
| Financial charges | 65/66B | €4,033 | €7,517 | +€3,484 | +86.4% |
| Recurring financial charges | 65 | €4,033 | €7,517 | +€3,484 | +86.4% |
| Profit (loss) for the period before taxes | 9903 | €11,000 | €13,649 | +€2,650 | +24.1% |
| Transfer from deferred taxes | 780 | €168 | - | -€168 | |
| Income taxes | 67/77 | €4,238 | €4,946 | +€707 | +16.7% |
| Profit (loss) for the period | 9904 | €6,930 | €8,704 | +€1,774 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,930 | €8,704 | +€1,774 | +25.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.