ECOFINANCE: 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.
What changed
ECOFINANCE
NACE 46.712, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€948,932
2024 · -€140,107+€1.1m
Equity
€3.1m
2024 · €2.2m+€948,932
Cash
€29,116
2024 · €16,634+€12,482
Balance sheet total
€3.3m
2024 · €3.4m-€105,546
Largest movements
Assets
- Financial fixed assets -€150,000
down €150,000 (-5.5%), from €2.7m to €2.6m
- Receivables within one year +€67,044
up €67,044 (+87.2%), from €76,880 to €143,924
of which Other amounts receivable: +€55,397
Equity and liabilities
- Other debts -€957,804
down €957,804 (-96.7%), from €990,405 to €32,601
- Reserves +€948,932
up €948,932 (+44.1%), from €2.2m to €3.1m
of which Distributable reserves: +€948,932
- Current portion of long-term debt -€104,524
down €104,524 (-76.0%), from €137,581 to €33,057
Income statement
- Financial income +€961,304
up €961,304 (+12207.0%), from €7,875 to €969,179
- Services and other goods -€67,045
down €67,045 (-21.2%), from €316,600 to €249,555
- Turnover +€46,015
up €46,015 (+21.3%), from €216,000 to €262,015
- Financial charges -€20,965
down €20,965 (-54.3%), from €38,634 to €17,669
of which Financial charges: -€20,965
- Other operating income -€5,048
down €5,048 (-15.5%), from €32,674 to €27,626
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.
Result 2024
-€140,107
Turnover
+€46,015
Other operating income
-€5,048
Services and other goods
+€67,045
Depreciation
+€940
Other operating charges
-€2,280
Financial income
+€961,304
Financial charges
+€20,965
Taxes
+€99
Result 2025
€948,932
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.
From operations
+€1,941
Investment
+€145,969
Financing
-€135,428
Cash 2024
€16,634
From operations (derived)
+€1,941
Net result for the year
+€948,932
Depreciation
+€37,210
Receivables within one year
-€67,044
Deferred charges and accrued income
+€1,892
Trade debts
+€30,153
Tax, wage and social debts
+€8,602
Other debts
-€957,804
Investment (derived)
+€145,969
Investment in fixed assets (net)
+€145,969
Financing
-€135,428
Debts after one year
-€33,057
Current portion of long-term debt
-€104,524
Short-term financial debts
+€2,153
Cash 2025
€29,116
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,434,039 | €3,328,493 | -€105,546 | -3.1% |
| Fixed assets | 21/28 | €3,328,239 | €3,145,059 | -€183,180 | -5.5% |
| Tangible fixed assets | 22/27 | €605,638 | €572,458 | -€33,180 | -5.5% |
| Land and buildings | 22 | €591,167 | €566,410 | -€24,757 | -4.2% |
| Plant, machinery and equipment | 23 | €3,041 | €671 | -€2,369 | -77.9% |
| Furniture and vehicles | 24 | €11,431 | €5,377 | -€6,054 | -53.0% |
| Financial fixed assets | 28 | €2,722,600 | €2,572,600 | -€150,000 | -5.5% |
| Affiliated companies | 280/1 | €2,722,600 | €2,572,600 | -€150,000 | -5.5% |
| Participating interests | 280 | €2,572,600 | €2,572,600 | = | 0.0% |
| Amounts receivable | 281 | €150,000 | €0 | -€150,000 | -100.0% |
| Current assets | 29/58 | €105,801 | €183,435 | +€77,634 | +73.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €76,880 | €143,924 | +€67,044 | +87.2% |
| Trade receivables | 40 | €3,945 | €15,593 | +€11,647 | +295.2% |
| Other amounts receivable | 41 | €72,935 | €128,331 | +€55,397 | +76.0% |
| Cash at bank and in hand | 54/58 | €16,634 | €29,116 | +€12,482 | +75.0% |
| Deferred charges and accrued income | 490/1 | €12,287 | €10,395 | -€1,892 | -15.4% |
| Total equity and liabilities | 10/49 | €3,434,039 | €3,328,493 | -€105,546 | -3.1% |
| Equity | 10/15 | €2,170,373 | €3,119,304 | +€948,932 | +43.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,151,773 | €3,100,704 | +€948,932 | +44.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,151,773 | €3,100,704 | +€948,932 | +44.1% |
| Amounts payable | 17/49 | €1,263,667 | €209,189 | -€1.1m | -83.4% |
| Amounts payable after more than one year | 17 | €104,555 | €71,498 | -€33,057 | -31.6% |
| Financial debts | 170/4 | €104,555 | €71,498 | -€33,057 | -31.6% |
| Credit institutions | 173 | €104,555 | €71,498 | -€33,057 | -31.6% |
| Amounts payable within one year | 42/48 | €1,159,112 | €137,691 | -€1.0m | -88.1% |
| Current portion of amounts payable after more than one year | 42 | €137,581 | €33,057 | -€104,524 | -76.0% |
| Financial debts | 43 | - | €2,153 | +€2,153 | |
| Credit institutions | 430/8 | - | €2,153 | +€2,153 | |
| Trade debts | 44 | €22,647 | €52,800 | +€30,153 | +133.1% |
| Suppliers | 440/4 | €22,647 | €52,800 | +€30,153 | +133.1% |
| Taxes, remuneration and social security | 45 | €8,479 | €17,081 | +€8,602 | +101.4% |
| Taxes | 450/3 | €8,479 | €11,581 | +€3,102 | +36.6% |
| Remuneration and social security | 454/9 | - | €5,500 | +€5,500 | |
| Other amounts payable | 47/48 | €990,405 | €32,601 | -€957,804 | -96.7% |
| Operating income | 70/76A | €248,674 | €289,641 | +€40,967 | +16.5% |
| Turnover | 70 | €216,000 | €262,015 | +€46,015 | +21.3% |
| Other operating income | 74 | €32,674 | €27,626 | -€5,048 | -15.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €357,562 | €291,857 | -€65,705 | -18.4% |
| Services and other goods | 61 | €316,600 | €249,555 | -€67,045 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,150 | €37,210 | -€940 | -2.5% |
| Other operating charges | 640/8 | €2,812 | €5,092 | +€2,280 | +81.1% |
| Operating profit (loss) | 9901 | -€108,888 | -€2,216 | +€106,671 | +98.0% |
| Financial income | 75/76B | €7,875 | €969,179 | +€961,304 | +12207.0% |
| Recurring financial income | 75 | €7,875 | €969,179 | +€961,304 | +12207.0% |
| Income from financial fixed assets | 750 | - | €947,874 | +€947,874 | |
| Income from current assets | 751 | €7,875 | €5,819 | -€2,056 | -26.1% |
| Other financial income | 752/9 | - | €15,487 | +€15,487 | |
| Financial charges | 65/66B | €38,634 | €17,669 | -€20,965 | -54.3% |
| Recurring financial charges | 65 | €38,634 | €17,669 | -€20,965 | -54.3% |
| Debt charges | 650 | €38,087 | €17,385 | -€20,702 | -54.4% |
| Other financial charges | 652/9 | €547 | €284 | -€263 | -48.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€139,647 | €949,293 | +€1.1m | |
| Income taxes | 67/77 | €460 | €361 | -€99 | -21.4% |
| Taxes | 670/3 | €460 | €361 | -€99 | -21.4% |
| Profit (loss) for the period | 9904 | -€140,107 | €948,932 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€140,107 | €948,932 | +€1.1m |
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 2 October 2026 via checked.be.