ECOFOR: 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.
ECOFOR
Largest movements
- Tangible fixed assets -€43,857
down €43,857 (-10.0%), from €438,512 to €394,655
of which Land and buildings: -€43,681
- Deferred charges and accrued income -€7,500
no longer reported in 2025 (was €7,500)
- Profit (loss) carried forward -€53,355
down €53,355 (-3.0%), from -€1.8m to -€1.8m
- Gross operating margin -€2,205
down €2,205 (-36.0%), from -€6,124 to -€8,329
- Other operating charges +€781
up €781 (+201.6%), from €387 to €1,168
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 | €519,895 | €467,275 | -€52,620 | -10.1% |
| Fixed assets | 21/28 | €438,601 | €394,744 | -€43,857 | -10.0% |
| Tangible fixed assets | 22/27 | €438,512 | €394,655 | -€43,857 | -10.0% |
| Land and buildings | 22 | €400,852 | €357,171 | -€43,681 | -10.9% |
| Plant, machinery and equipment | 23 | €2,971 | €2,794 | -€177 | -5.9% |
| Furniture and vehicles | 24 | €34,690 | €34,690 | = | 0.0% |
| Financial fixed assets | 28 | €89 | €89 | = | 0.0% |
| Current assets | 29/58 | €81,293 | €72,531 | -€8,762 | -10.8% |
| Amounts receivable within one year | 40/41 | €63,798 | €63,798 | = | 0.0% |
| Other amounts receivable | 41 | €63,798 | €63,798 | = | 0.0% |
| Current investments | 50/53 | €52 | - | -€52 | |
| Cash at bank and in hand | 54/58 | €9,943 | €8,733 | -€1,210 | -12.2% |
| Deferred charges and accrued income | 490/1 | €7,500 | - | -€7,500 | |
| Total equity and liabilities | 10/49 | €519,895 | €467,275 | -€52,620 | -10.1% |
| Equity | 10/15 | €100,641 | €47,286 | -€53,355 | -53.0% |
| Contributions | 10/11 | €1,875,000 | €1,875,000 | = | 0.0% |
| Capital | 10 | €1,875,000 | €1,875,000 | = | 0.0% |
| Issued capital | 100 | €1,875,000 | €1,875,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,774,359 | -€1,827,714 | -€53,355 | -3.0% |
| Amounts payable | 17/49 | €419,254 | €419,989 | +€736 | +0.2% |
| Amounts payable within one year | 42/48 | €419,254 | €419,989 | +€736 | +0.2% |
| Trade debts | 44 | €2,267 | €3,003 | +€736 | +32.4% |
| Suppliers | 440/4 | €2,267 | €3,003 | +€736 | +32.4% |
| Other amounts payable | 47/48 | €416,987 | €416,987 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,857 | €43,857 | -€0 | 0.0% |
| Other operating charges | 640/8 | €387 | €1,168 | +€781 | +201.6% |
| Gross operating margin | 9900 | -€6,124 | -€8,329 | -€2,205 | -36.0% |
| Operating profit (loss) | 9901 | -€50,368 | -€53,354 | -€2,986 | -5.9% |
| Financial charges | 65/66B | €1 | €1 | -€1 | -38.1% |
| Recurring financial charges | 65 | €1 | €1 | -€1 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | -€50,370 | -€53,355 | -€2,985 | -5.9% |
| Profit (loss) for the period | 9904 | -€50,370 | -€53,355 | -€2,985 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,370 | -€53,355 | -€2,985 | -5.9% |
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 4 October 2026 via checked.be.