ECODEM: 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.
ECODEM
Largest movements
- Receivables within one year +€12,048
up €12,048 (+101%), from €11,975 to €24,023
of which Trade receivables: +€10,322
- Cash -€545
no longer reported in 2025 (was €545)
mainly Receivables within one year (-€12,048) and Deferred charges and accrued income (-€101)
- Profit (loss) carried forward +€8,038
up €8,038 (+180%), from €4,459 to €12,498
- Tax, wage and social debts +€2,296
new in 2025: €2,296
- Trade debts +€1,270
new in 2025: €1,270
- Gross operating margin +€6,415
up €6,415 (+131%), from €4,887 to €11,302
- Taxes +€2,296
new in 2025: €2,296
- Other operating charges -€920
down €920 (-83.2%), from €1,106 to €186
- Financial charges +€602
up €602 (+335%), from €180 to €782
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.
Derived cash bridge
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 | €12,519 | €24,123 | +€11,604 | +92.7% |
| Current assets | 29/58 | €12,519 | €24,123 | +€11,604 | +92.7% |
| Amounts receivable within one year | 40/41 | €11,975 | €24,023 | +€12,048 | +101% |
| Trade receivables | 40 | €11,777 | €22,098 | +€10,322 | +87.6% |
| Other amounts receivable | 41 | €198 | €1,924 | +€1,726 | +872% |
| Cash at bank and in hand | 54/58 | €545 | - | -€545 | |
| Deferred charges and accrued income | 490/1 | - | €101 | +€101 | |
| Total equity and liabilities | 10/49 | €12,519 | €24,123 | +€11,604 | +92.7% |
| Equity | 10/15 | €12,519 | €20,558 | +€8,038 | +64.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,459 | €12,498 | +€8,038 | +180% |
| Amounts payable | 17/49 | - | €3,566 | +€3,566 | |
| Amounts payable within one year | 42/48 | - | €3,566 | +€3,566 | |
| Trade debts | 44 | - | €1,270 | +€1,270 | |
| Suppliers | 440/4 | - | €1,270 | +€1,270 | |
| Taxes, remuneration and social security | 45 | - | €2,296 | +€2,296 | |
| Taxes | 450/3 | - | €2,296 | +€2,296 | |
| Other operating charges | 640/8 | €1,106 | €186 | -€920 | -83.2% |
| Gross operating margin | 9900 | €4,887 | €11,302 | +€6,415 | +131% |
| Operating profit (loss) | 9901 | €3,781 | €11,116 | +€7,336 | +194% |
| Financial charges | 65/66B | €180 | €782 | +€602 | +335% |
| Recurring financial charges | 65 | €180 | €782 | +€602 | +335% |
| Profit (loss) for the period before taxes | 9903 | €3,601 | €10,334 | +€6,733 | +187% |
| Income taxes | 67/77 | - | €2,296 | +€2,296 | |
| Profit (loss) for the period | 9904 | €3,601 | €8,038 | +€4,437 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €3,601 | €8,038 | +€4,437 | +123% |
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 27 October 2026 via checked.be.