ECOFIN: 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.
ECOFIN
Largest movements
- Tangible fixed assets -€2,413
down €2,413 (-18.4%), from €13,146 to €10,733
of which Plant, machinery and equipment: -€2,413
- Cash -€1,493
down €1,493 (-26.4%), from €5,661 to €4,168
mainly Contributions, distributions and other (-€6,000)
- Contributions -€3,595
down €3,595 (-32.5%), from €11,058 to €7,463
- Reserves -€2,405
down €2,405 (-39.6%), from €6,074 to €3,669
of which Distributable reserves: -€2,405
- Profit (loss) carried forward +€2,094
up €2,094 (+158%), from €1,325 to €3,419
- Gross operating margin +€579
up €579 (+12.2%), from €4,758 to €5,337
- Depreciation -€464
down €464 (-16.1%), from €2,877 to €2,413
- Turnover +€320
up €320 (+4.9%), from €6,520 to €6,840
- Purchases and services -€259
down €259 (-14.7%), from €1,762 to €1,503
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 | €18,807 | €14,901 | -€3,906 | -20.8% |
| Fixed assets | 21/28 | €13,146 | €10,733 | -€2,413 | -18.4% |
| Tangible fixed assets | 22/27 | €13,146 | €10,733 | -€2,413 | -18.4% |
| Land and buildings | 22 | €3,024 | €3,024 | = | 0.0% |
| Plant, machinery and equipment | 23 | €10,122 | €7,709 | -€2,413 | -23.8% |
| Current assets | 29/58 | €5,661 | €4,168 | -€1,493 | -26.4% |
| Cash at bank and in hand | 54/58 | €5,661 | €4,168 | -€1,493 | -26.4% |
| Total equity and liabilities | 10/49 | €18,807 | €14,901 | -€3,906 | -20.8% |
| Equity | 10/15 | €18,457 | €14,551 | -€3,906 | -21.2% |
| Contributions | 10/11 | €11,058 | €7,463 | -€3,595 | -32.5% |
| Reserves | 13 | €6,074 | €3,669 | -€2,405 | -39.6% |
| Non-distributable reserves | 130/1 | €1,487 | €1,487 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,487 | €1,487 | = | 0.0% |
| Distributable reserves | 133 | €4,587 | €2,182 | -€2,405 | -52.4% |
| Profit (loss) carried forward | 14 | €1,325 | €3,419 | +€2,094 | +158% |
| Amounts payable | 17/49 | €350 | €350 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €350 | €350 | = | 0.0% |
| Turnover | 70 | €6,520 | €6,840 | +€320 | +4.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,762 | €1,503 | -€259 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,877 | €2,413 | -€464 | -16.1% |
| Other operating charges | 640/8 | €768 | €785 | +€18 | +2.3% |
| Gross operating margin | 9900 | €4,758 | €5,337 | +€579 | +12.2% |
| Operating profit (loss) | 9901 | €1,113 | €2,139 | +€1,026 | +92.2% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €1,068 | €2,094 | +€1,026 | +96.0% |
| Profit (loss) for the period | 9904 | €1,068 | €2,094 | +€1,026 | +96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,068 | €2,094 | +€1,026 | +96.0% |
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 16 October 2026 via checked.be.