ECOFENCE: 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.
ECOFENCE
Largest movements
- Receivables within one year -€6,013
down €6,013 (-14.6%), from €41,318 to €35,306
of which Other amounts receivable: -€8,411
- Cash -€3,581
down €3,581 (-73.8%), from €4,854 to €1,273
mainly Other debts (-€8,303) and Net result for the year (-€5,602)
- Other debts -€8,303
down €8,303 (-89.8%), from €9,246 to €942
- Reserves -€5,602
down €5,602 (-10.5%), from €53,570 to €47,969
of which Distributable reserves: -€5,602
- Trade debts +€5,193
up €5,193 (+13008.3%), from €40 to €5,233
- Tax, wage and social debts -€4,579
down €4,579 (-56.1%), from €8,160 to €3,581
of which Taxes: -€3,954
- Short-term financial debts +€1,979
new in 2025: €1,979
- Gross operating margin -€38,987
down €38,987 (-98.3%), from €39,662 to €675
- Staff costs -€11,465
down €11,465 (-74.5%), from €15,400 to €3,934
- Other operating charges -€3,961
down €3,961 (-74.8%), from €5,298 to €1,337
- Financial charges -€2,949
down €2,949 (-80.8%), from €3,648 to €699
- Depreciation -€2,929
down €2,929 (-90.5%), from €3,236 to €307
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 | €90,091 | €79,528 | -€10,563 | -11.7% |
| Fixed assets | 21/28 | €307 | - | -€307 | |
| Tangible fixed assets | 22/27 | €307 | - | -€307 | |
| Plant, machinery and equipment | 23 | €142 | - | -€142 | |
| Furniture and vehicles | 24 | €165 | - | -€165 | |
| Current assets | 29/58 | €89,784 | €79,528 | -€10,256 | -11.4% |
| Amounts receivable after more than one year | 29 | €37,400 | €37,400 | = | 0.0% |
| Trade receivables | 290 | €37,400 | €37,400 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,500 | €4,500 | = | 0.0% |
| Stocks | 30/36 | €4,500 | €4,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,318 | €35,306 | -€6,013 | -14.6% |
| Trade receivables | 40 | €32,500 | €34,899 | +€2,398 | +7.4% |
| Other amounts receivable | 41 | €8,818 | €407 | -€8,411 | -95.4% |
| Cash at bank and in hand | 54/58 | €4,854 | €1,273 | -€3,581 | -73.8% |
| Deferred charges and accrued income | 490/1 | €1,712 | €1,049 | -€663 | -38.7% |
| Total equity and liabilities | 10/49 | €90,091 | €79,528 | -€10,563 | -11.7% |
| Equity | 10/15 | €72,170 | €66,569 | -€5,602 | -7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,570 | €47,969 | -€5,602 | -10.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €51,710 | €46,109 | -€5,602 | -10.8% |
| Amounts payable | 17/49 | €17,921 | €12,960 | -€4,961 | -27.7% |
| Amounts payable within one year | 42/48 | €17,921 | €12,960 | -€4,961 | -27.7% |
| Financial debts | 43 | - | €1,979 | +€1,979 | |
| Credit institutions | 430/8 | - | €1,979 | +€1,979 | |
| Trade debts | 44 | €40 | €5,233 | +€5,193 | +13008.3% |
| Suppliers | 440/4 | €40 | €5,233 | +€5,193 | +13008.3% |
| Advances received on contracts in progress | 46 | €475 | €1,225 | +€750 | +157.9% |
| Taxes, remuneration and social security | 45 | €8,160 | €3,581 | -€4,579 | -56.1% |
| Taxes | 450/3 | €7,327 | €3,373 | -€3,954 | -54.0% |
| Remuneration and social security | 454/9 | €833 | €208 | -€625 | -75.0% |
| Other amounts payable | 47/48 | €9,246 | €942 | -€8,303 | -89.8% |
| Non-recurring operating income | 76A | €5,165 | €372 | -€4,793 | -92.8% |
| Remuneration, social security and pensions | 62 | €15,400 | €3,934 | -€11,465 | -74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,236 | €307 | -€2,929 | -90.5% |
| Other operating charges | 640/8 | €5,298 | €1,337 | -€3,961 | -74.8% |
| Gross operating margin | 9900 | €39,662 | €675 | -€38,987 | -98.3% |
| Operating profit (loss) | 9901 | €15,728 | -€4,903 | -€20,631 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,648 | €699 | -€2,949 | -80.8% |
| Recurring financial charges | 65 | €3,648 | €699 | -€2,949 | -80.8% |
| Profit (loss) for the period before taxes | 9903 | €12,080 | -€5,602 | -€17,682 | |
| Income taxes | 67/77 | €2,834 | - | -€2,834 | |
| Profit (loss) for the period | 9904 | €9,246 | -€5,602 | -€14,847 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,246 | -€5,602 | -€14,847 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.