ECOFOX: 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.
ECOFOX
Largest movements
- Cash -€15,459
down €15,459 (-99.1%), from €15,602 to €144
mainly Net result for the year (-€14,715) and Investment in fixed assets (net) (-€12,535)
- Intangible fixed assets +€12,186
new in 2025: €12,186
- Receivables within one year -€2,514
down €2,514 (-3.7%), from €68,083 to €65,570
of which Trade receivables: -€1,674
- Profit (loss) carried forward -€14,715
down €14,715 (-55.3%), from €26,609 to €11,894
- Trade debts +€7,612
up €7,612 (+381.2%), from €1,997 to €9,608
- Gross operating margin -€4,480
down €4,480 (-444.8%), from -€1,007 to -€5,488
- Other operating charges -€2,383
down €2,383 (-24.2%), from €9,833 to €7,451
- Taxes -€1,937
down €1,937 (-100.0%), from €1,937 to €0
- Depreciation +€421
up €421 (+40.5%), from €1,039 to €1,460
- Financial charges +€118
up €118 (+58.9%), from €199 to €317
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 | €112,182 | €105,285 | -€6,897 | -6.1% |
| Fixed assets | 21/28 | €28,496 | €39,572 | +€11,075 | +38.9% |
| Intangible fixed assets | 21 | - | €12,186 | +€12,186 | |
| Tangible fixed assets | 22/27 | €28,496 | €27,385 | -€1,111 | -3.9% |
| Land and buildings | 22 | €14,498 | €14,498 | = | 0.0% |
| Plant, machinery and equipment | 23 | €13,364 | €12,458 | -€906 | -6.8% |
| Furniture and vehicles | 24 | €634 | €429 | -€205 | -32.3% |
| Current assets | 29/58 | €83,686 | €65,714 | -€17,972 | -21.5% |
| Amounts receivable within one year | 40/41 | €68,083 | €65,570 | -€2,514 | -3.7% |
| Trade receivables | 40 | €1,674 | €0 | -€1,674 | -100.0% |
| Other amounts receivable | 41 | €66,409 | €65,570 | -€839 | -1.3% |
| Cash at bank and in hand | 54/58 | €15,602 | €144 | -€15,459 | -99.1% |
| Total equity and liabilities | 10/49 | €112,182 | €105,285 | -€6,897 | -6.1% |
| Equity | 10/15 | €103,221 | €88,506 | -€14,715 | -14.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €14,612 | €14,612 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,249 | €7,249 | = | 0.0% |
| Distributable reserves | 133 | €1,163 | €1,163 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,609 | €11,894 | -€14,715 | -55.3% |
| Amounts payable | 17/49 | €8,961 | €16,779 | +€7,818 | +87.2% |
| Amounts payable within one year | 42/48 | €8,961 | €16,779 | +€7,818 | +87.2% |
| Trade debts | 44 | €1,997 | €9,608 | +€7,612 | +381.2% |
| Suppliers | 440/4 | €1,997 | €9,608 | +€7,612 | +381.2% |
| Taxes, remuneration and social security | 45 | €1 | €1 | = | 0.0% |
| Taxes | 450/3 | €1 | €1 | = | 0.0% |
| Other amounts payable | 47/48 | €6,964 | €7,170 | +€206 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,039 | €1,460 | +€421 | +40.5% |
| Other operating charges | 640/8 | €9,833 | €7,451 | -€2,383 | -24.2% |
| Gross operating margin | 9900 | -€1,007 | -€5,488 | -€4,480 | -444.8% |
| Operating profit (loss) | 9901 | -€11,879 | -€14,398 | -€2,519 | -21.2% |
| Financial charges | 65/66B | €199 | €317 | +€118 | +58.9% |
| Recurring financial charges | 65 | €199 | €317 | +€118 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,079 | -€14,715 | -€2,636 | -21.8% |
| Income taxes | 67/77 | €1,937 | €0 | -€1,937 | -100.0% |
| Profit (loss) for the period | 9904 | -€14,016 | -€14,715 | -€699 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,016 | -€14,715 | -€699 | -5.0% |
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 30 September 2026 via checked.be.