ECOFISC: 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.
ECOFISC
Largest movements
- Receivables within one year -€44,238
down €44,238 (-7.6%), from €581,544 to €537,307
of which Other amounts receivable: -€62,129
- Tangible fixed assets -€15,770
down €15,770 (-20.5%), from €76,816 to €61,046
- Financial fixed assets +€10,000
new in 2025: €10,000
- Other debts -€51,020
down €51,020 (-55.2%), from €92,428 to €41,408
- Trade debts +€46,441
up €46,441 (+2021.5%), from €2,297 to €48,738
- Reserves -€24,302
down €24,302 (-13.8%), from €175,508 to €151,206
of which Distributable reserves: -€24,302
- Tax, wage and social debts -€7,117
down €7,117 (-33.3%), from €21,366 to €14,249
of which Taxes: -€5,417
- Purchases and services +€76,004
up €76,004 (+50.4%), from €150,813 to €226,817
- Gross operating margin -€41,083
down €41,083 (-22.1%), from €185,780 to €144,698
- Staff costs -€11,423
down €11,423 (-10.2%), from €111,644 to €100,221
- Taxes -€6,926
down €6,926 (-39.2%), from €17,669 to €10,743
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 | €674,477 | €627,200 | -€47,276 | -7.0% |
| Fixed assets | 21/28 | €76,816 | €71,046 | -€5,770 | -7.5% |
| Tangible fixed assets | 22/27 | €76,816 | €61,046 | -€15,770 | -20.5% |
| Land and buildings | 22 | €13,294 | €11,863 | -€1,430 | -10.8% |
| Plant, machinery and equipment | 23 | €3,778 | €2,766 | -€1,012 | -26.8% |
| Furniture and vehicles | 24 | €45,118 | €37,889 | -€7,229 | -16.0% |
| Leasing and similar rights | 25 | €8,147 | €1,779 | -€6,368 | -78.2% |
| Other tangible fixed assets | 26 | €6,480 | €6,748 | +€268 | +4.1% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €597,661 | €556,154 | -€41,506 | -6.9% |
| Amounts receivable within one year | 40/41 | €581,544 | €537,307 | -€44,238 | -7.6% |
| Trade receivables | 40 | €21,958 | €39,849 | +€17,891 | +81.5% |
| Other amounts receivable | 41 | €559,586 | €497,458 | -€62,129 | -11.1% |
| Cash at bank and in hand | 54/58 | €11,246 | €13,369 | +€2,124 | +18.9% |
| Deferred charges and accrued income | 490/1 | €4,871 | €5,479 | +€608 | +12.5% |
| Total equity and liabilities | 10/49 | €674,477 | €627,200 | -€47,276 | -7.0% |
| Equity | 10/15 | €542,901 | €518,091 | -€24,810 | -4.6% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €175,508 | €151,206 | -€24,302 | -13.8% |
| Non-distributable reserves | 130/1 | €28,250 | €28,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €28,250 | €28,250 | = | 0.0% |
| Distributable reserves | 133 | €147,258 | €122,956 | -€24,302 | -16.5% |
| Profit (loss) carried forward | 14 | €239,431 | €239,431 | = | 0.0% |
| Investment grants | 15 | €2,961 | €2,453 | -€508 | -17.2% |
| Amounts payable | 17/49 | €131,576 | €109,110 | -€22,466 | -17.1% |
| Amounts payable after more than one year | 17 | €4,715 | - | -€4,715 | |
| Financial debts | 170/4 | €4,715 | - | -€4,715 | |
| Amounts payable within one year | 42/48 | €121,802 | €109,110 | -€12,692 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €5,710 | €4,715 | -€995 | -17.4% |
| Trade debts | 44 | €2,297 | €48,738 | +€46,441 | +2021.5% |
| Suppliers | 440/4 | €2,297 | €48,738 | +€46,441 | +2021.5% |
| Taxes, remuneration and social security | 45 | €21,366 | €14,249 | -€7,117 | -33.3% |
| Taxes | 450/3 | €19,666 | €14,249 | -€5,417 | -27.5% |
| Remuneration and social security | 454/9 | €1,700 | - | -€1,700 | |
| Other amounts payable | 47/48 | €92,428 | €41,408 | -€51,020 | -55.2% |
| Accrued charges and deferred income | 492/3 | €5,059 | - | -€5,059 | |
| Goods, raw materials, services and sundry goods | 60/61 | €150,813 | €226,817 | +€76,004 | +50.4% |
| Remuneration, social security and pensions | 62 | €111,644 | €100,221 | -€11,423 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,544 | €20,593 | +€1,049 | +5.4% |
| Other operating charges | 640/8 | €459 | €370 | -€89 | -19.4% |
| Gross operating margin | 9900 | €185,780 | €144,698 | -€41,083 | -22.1% |
| Operating profit (loss) | 9901 | €54,133 | €23,514 | -€30,620 | -56.6% |
| Financial income | 75/76B | €5,243 | €5,459 | +€216 | +4.1% |
| Recurring financial income | 75 | €5,243 | €5,459 | +€216 | +4.1% |
| Financial charges | 65/66B | €207 | €869 | +€662 | +319.5% |
| Recurring financial charges | 65 | €207 | €869 | +€662 | +319.5% |
| Profit (loss) for the period before taxes | 9903 | €59,169 | €28,103 | -€31,066 | -52.5% |
| Income taxes | 67/77 | €17,669 | €10,743 | -€6,926 | -39.2% |
| Profit (loss) for the period | 9904 | €41,500 | €17,361 | -€24,139 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,500 | €17,361 | -€24,139 | -58.2% |
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.