ECODUCT: 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.
ECODUCT
Largest movements
- Receivables within one year -€3,727
down €3,727 (-29.7%), from €12,537 to €8,810
of which Trade receivables: -€5,561
- Tangible fixed assets +€1,915
up €1,915 (+180.0%), from €1,064 to €2,978
- Deferred charges and accrued income -€363
down €363 (-20.4%), from €1,775 to €1,412
- Cash -€334
down €334 (-7.9%), from €4,235 to €3,901
mainly Net result for the year (-€7,590) and Tax, wage and social debts (-€3,551)
- Profit (loss) carried forward -€7,590
down €7,590 (-363.4%), from -€2,089 to -€9,679
- Trade debts +€4,419
up €4,419 (+1692.2%), from €261 to €4,680
- Tax, wage and social debts -€3,551
down €3,551 (-92.6%), from €3,833 to €282
- Debts after one year +€2,566
up €2,566 (+75.3%), from €3,406 to €5,972
- Current portion of long-term debt +€2,248
new in 2025: €2,248
- Gross operating margin -€5,784
down €5,784, from €1,504 to -€4,280
- Taxes -€1,804
down €1,804 (-86.5%), from €2,086 to €282
- Depreciation +€768
up €768 (+147.5%), from €521 to €1,288
- Other operating charges +€454
up €454 (+49.8%), from €911 to €1,365
- Financial charges +€271
up €271 (+259.3%), from €104 to €375
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 | €19,611 | €17,102 | -€2,509 | -12.8% |
| Fixed assets | 21/28 | €1,064 | €2,978 | +€1,915 | +180.0% |
| Tangible fixed assets | 22/27 | €1,064 | €2,978 | +€1,915 | +180.0% |
| Plant, machinery and equipment | 23 | €1,064 | €2,978 | +€1,915 | +180.0% |
| Current assets | 29/58 | €18,548 | €14,124 | -€4,424 | -23.9% |
| Amounts receivable within one year | 40/41 | €12,537 | €8,810 | -€3,727 | -29.7% |
| Trade receivables | 40 | €12,537 | €6,976 | -€5,561 | -44.4% |
| Other amounts receivable | 41 | - | €1,834 | +€1,834 | |
| Cash at bank and in hand | 54/58 | €4,235 | €3,901 | -€334 | -7.9% |
| Deferred charges and accrued income | 490/1 | €1,775 | €1,412 | -€363 | -20.4% |
| Total equity and liabilities | 10/49 | €19,611 | €17,102 | -€2,509 | -12.8% |
| Equity | 10/15 | €11,511 | €3,921 | -€7,590 | -65.9% |
| Contributions | 10/11 | €13,600 | €13,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,089 | -€9,679 | -€7,590 | -363.4% |
| Amounts payable | 17/49 | €8,100 | €13,181 | +€5,081 | +62.7% |
| Amounts payable after more than one year | 17 | €3,406 | €5,972 | +€2,566 | +75.3% |
| Financial debts | 170/4 | €3,406 | €5,972 | +€2,566 | +75.3% |
| Amounts payable within one year | 42/48 | €4,094 | €7,209 | +€3,115 | +76.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,248 | +€2,248 | |
| Trade debts | 44 | €261 | €4,680 | +€4,419 | +1692.2% |
| Suppliers | 440/4 | €261 | €4,680 | +€4,419 | +1692.2% |
| Taxes, remuneration and social security | 45 | €3,833 | €282 | -€3,551 | -92.6% |
| Taxes | 450/3 | €3,833 | €282 | -€3,551 | -92.6% |
| Accrued charges and deferred income | 492/3 | €600 | - | -€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €521 | €1,288 | +€768 | +147.5% |
| Other operating charges | 640/8 | €911 | €1,365 | +€454 | +49.8% |
| Gross operating margin | 9900 | €1,504 | -€4,280 | -€5,784 | |
| Operating profit (loss) | 9901 | €72 | -€6,933 | -€7,006 | |
| Financial income | 75/76B | €29 | - | -€29 | |
| Recurring financial income | 75 | €29 | - | -€29 | |
| Financial charges | 65/66B | €104 | €375 | +€271 | +259.3% |
| Recurring financial charges | 65 | €104 | €375 | +€271 | +259.3% |
| Profit (loss) for the period before taxes | 9903 | -€3 | -€7,308 | -€7,305 | -221367.0% |
| Income taxes | 67/77 | €2,086 | €282 | -€1,804 | -86.5% |
| Profit (loss) for the period | 9904 | -€2,089 | -€7,590 | -€5,501 | -263.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,089 | -€7,590 | -€5,501 | -263.4% |
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 10 October 2026 via checked.be.