ECODEPOL: 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.
ECODEPOL
Largest movements
- Tangible fixed assets +€517,006
up €517,006 (+145%), from €356,629 to €873,635
of which Land and buildings: +€514,868
- Cash +€44,395
up €44,395 (+59.3%), from €74,827 to €119,222
mainly Debts after one year (+€406,670) and Depreciation (+€89,262)
- Receivables within one year -€19,521
down €19,521 (-4.5%), from €430,515 to €410,994
of which Other amounts receivable: -€23,981
- Debts after one year +€406,670
up €406,670 (+166%), from €245,060 to €651,730
- Tax, wage and social debts +€84,297
up €84,297 (+92.7%), from €90,969 to €175,266
of which Remuneration and social security: +€57,715
- Reserves +€61,892
up €61,892 (+18.1%), from €341,824 to €403,716
- Current portion of long-term debt +€30,107
up €30,107 (+48.5%), from €62,111 to €92,218
- Trade debts -€27,735
down €27,735 (-27.2%), from €101,869 to €74,134
- Staff costs +€272,477
up €272,477 (+122%), from €223,135 to €495,612
- Gross operating margin +€71,443
up €71,443 (+11.0%), from €649,723 to €721,166
- Taxes -€61,470
down €61,470 (-68.5%), from €89,686 to €28,216
- Depreciation +€45,741
up €45,741 (+105%), from €43,521 to €89,262
- Financial charges +€9,691
up €9,691 (+147%), from €6,612 to €16,303
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 | €879,654 | €1,423,051 | +€543,397 | +61.8% |
| Fixed assets | 21/28 | €356,834 | €873,840 | +€517,006 | +145% |
| Tangible fixed assets | 22/27 | €356,629 | €873,635 | +€517,006 | +145% |
| Land and buildings | 22 | - | €514,868 | +€514,868 | |
| Furniture and vehicles | 24 | €356,629 | €358,767 | +€2,138 | +0.6% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €522,820 | €549,211 | +€26,391 | +5.0% |
| Stocks and contracts in progress | 3 | €15,697 | €13,266 | -€2,431 | -15.5% |
| Stocks | 30/36 | €1,378 | €5,827 | +€4,449 | +323% |
| Contracts in progress | 37 | €14,319 | €7,439 | -€6,880 | -48.0% |
| Amounts receivable within one year | 40/41 | €430,515 | €410,994 | -€19,521 | -4.5% |
| Trade receivables | 40 | €405,773 | €410,233 | +€4,460 | +1.1% |
| Other amounts receivable | 41 | €24,742 | €761 | -€23,981 | -96.9% |
| Cash at bank and in hand | 54/58 | €74,827 | €119,222 | +€44,395 | +59.3% |
| Deferred charges and accrued income | 490/1 | €1,781 | €5,729 | +€3,948 | +222% |
| Total equity and liabilities | 10/49 | €879,654 | €1,423,051 | +€543,397 | +61.8% |
| Equity | 10/15 | €343,824 | €405,716 | +€61,892 | +18.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €341,824 | €403,716 | +€61,892 | +18.1% |
| Distributable reserves | 133 | €341,824 | €403,716 | +€61,892 | +18.1% |
| Amounts payable | 17/49 | €535,830 | €1,017,335 | +€481,505 | +89.9% |
| Amounts payable after more than one year | 17 | €245,060 | €651,730 | +€406,670 | +166% |
| Financial debts | 170/4 | €245,060 | €651,730 | +€406,670 | +166% |
| Amounts payable within one year | 42/48 | €290,770 | €365,605 | +€74,835 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €62,111 | €92,218 | +€30,107 | +48.5% |
| Trade debts | 44 | €101,869 | €74,134 | -€27,735 | -27.2% |
| Suppliers | 440/4 | €101,869 | €74,134 | -€27,735 | -27.2% |
| Taxes, remuneration and social security | 45 | €90,969 | €175,266 | +€84,297 | +92.7% |
| Taxes | 450/3 | €71,265 | €97,847 | +€26,582 | +37.3% |
| Remuneration and social security | 454/9 | €19,704 | €77,419 | +€57,715 | +293% |
| Other amounts payable | 47/48 | €35,821 | €23,987 | -€11,834 | -33.0% |
| Remuneration, social security and pensions | 62 | €223,135 | €495,612 | +€272,477 | +122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,521 | €89,262 | +€45,741 | +105% |
| Other operating charges | 640/8 | €4,690 | €9,477 | +€4,787 | +102% |
| Non-recurring operating charges | 66A | €7,145 | €21,276 | +€14,131 | +198% |
| Gross operating margin | 9900 | €649,723 | €721,166 | +€71,443 | +11.0% |
| Operating profit (loss) | 9901 | €371,232 | €105,539 | -€265,693 | -71.6% |
| Financial income | 75/76B | €242 | €872 | +€630 | +260% |
| Recurring financial income | 75 | €242 | €872 | +€630 | +260% |
| Financial charges | 65/66B | €6,612 | €16,303 | +€9,691 | +147% |
| Recurring financial charges | 65 | €6,612 | €16,303 | +€9,691 | +147% |
| Profit (loss) for the period before taxes | 9903 | €364,862 | €90,108 | -€274,754 | -75.3% |
| Income taxes | 67/77 | €89,686 | €28,216 | -€61,470 | -68.5% |
| Profit (loss) for the period | 9904 | €275,176 | €61,892 | -€213,284 | -77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €275,176 | €61,892 | -€213,284 | -77.5% |
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 18 October 2026 via checked.be.