ECOFUSION: 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.
ECOFUSION
Largest movements
- Cash -€1.3m
down €1.3m (-44.2%), from €3.0m to €1.7m
mainly Contributions, distributions and other (-€800,000) and Investment in fixed assets (net) (-€524,413)
- Receivables within one year +€239,739
up €239,739 (+31.8%), from €753,684 to €993,423
of which Other amounts receivable: +€355,423
- Intangible fixed assets +€196,634
up €196,634 (+4041.2%), from €4,866 to €201,500
- Tangible fixed assets +€184,286
up €184,286 (+60.1%), from €306,501 to €490,786
of which Furniture and vehicles: +€129,521
- Current investments +€96,000
up €96,000 (+30.0%), from €320,000 to €416,000
- Reserves -€313,956
down €313,956 (-7.5%), from €4.2m to €3.9m
of which Distributable reserves: -€312,096
- Tax, wage and social debts -€310,942
down €310,942 (-49.8%), from €623,949 to €313,007
of which Taxes: -€340,104
- Accrued charges and deferred income +€62,525
up €62,525, from €0 to €62,525
- Gross operating margin +€456,845
up €456,845 (+24.3%), from €1.9m to €2.3m
- Staff costs +€297,380
up €297,380 (+24.6%), from €1.2m to €1.5m
- Depreciation +€38,291
up €38,291 (+36.4%), from €105,203 to €143,494
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 | €5,267,628 | €4,644,586 | -€623,042 | -11.8% |
| Fixed assets | 21/28 | €314,721 | €695,641 | +€380,919 | +121.0% |
| Intangible fixed assets | 21 | €4,866 | €201,500 | +€196,634 | +4041.2% |
| Tangible fixed assets | 22/27 | €306,501 | €490,786 | +€184,286 | +60.1% |
| Land and buildings | 22 | - | €5,418 | +€5,418 | |
| Plant, machinery and equipment | 23 | €30,249 | €106,603 | +€76,354 | +252.4% |
| Furniture and vehicles | 24 | €210,379 | €339,900 | +€129,521 | +61.6% |
| Leasing and similar rights | 25 | €61,245 | €24,260 | -€36,984 | -60.4% |
| Other tangible fixed assets | 26 | €4,628 | €14,605 | +€9,978 | +215.6% |
| Financial fixed assets | 28 | €3,355 | €3,355 | = | 0.0% |
| Current assets | 29/58 | €4,952,907 | €3,948,945 | -€1.0m | -20.3% |
| Stocks and contracts in progress | 3 | €842,965 | €792,640 | -€50,326 | -6.0% |
| Stocks | 30/36 | €842,965 | €792,640 | -€50,326 | -6.0% |
| Amounts receivable within one year | 40/41 | €753,684 | €993,423 | +€239,739 | +31.8% |
| Trade receivables | 40 | €596,397 | €480,714 | -€115,683 | -19.4% |
| Other amounts receivable | 41 | €157,287 | €512,709 | +€355,423 | +226.0% |
| Current investments | 50/53 | €320,000 | €416,000 | +€96,000 | +30.0% |
| Cash at bank and in hand | 54/58 | €2,985,509 | €1,665,369 | -€1.3m | -44.2% |
| Deferred charges and accrued income | 490/1 | €50,749 | €81,513 | +€30,764 | +60.6% |
| Total equity and liabilities | 10/49 | €5,267,628 | €4,644,586 | -€623,042 | -11.8% |
| Equity | 10/15 | €4,214,634 | €3,900,678 | -€313,956 | -7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,196,034 | €3,882,078 | -€313,956 | -7.5% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €4,194,174 | €3,882,078 | -€312,096 | -7.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,052,994 | €743,908 | -€309,086 | -29.4% |
| Amounts payable after more than one year | 17 | €21,901 | €57,952 | +€36,051 | +164.6% |
| Financial debts | 170/4 | €21,901 | €57,952 | +€36,051 | +164.6% |
| Amounts payable within one year | 42/48 | €1,031,092 | €623,430 | -€407,663 | -39.5% |
| Current portion of amounts payable after more than one year | 42 | €33,378 | €33,096 | -€282 | -0.8% |
| Financial debts | 43 | €34,069 | €0 | -€34,069 | -100.0% |
| Credit institutions | 430/8 | €34,069 | €0 | -€34,069 | -100.0% |
| Trade debts | 44 | €245,344 | €209,515 | -€35,829 | -14.6% |
| Suppliers | 440/4 | €245,344 | €209,515 | -€35,829 | -14.6% |
| Advances received on contracts in progress | 46 | €8,235 | €8,235 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €623,949 | €313,007 | -€310,942 | -49.8% |
| Taxes | 450/3 | €472,409 | €132,304 | -€340,104 | -72.0% |
| Remuneration and social security | 454/9 | €151,540 | €180,702 | +€29,162 | +19.2% |
| Other amounts payable | 47/48 | €86,118 | €59,577 | -€26,541 | -30.8% |
| Accrued charges and deferred income | 492/3 | €0 | €62,525 | +€62,525 | |
| Non-recurring operating income | 76A | €2,750 | €13,000 | +€10,250 | +372.7% |
| Remuneration, social security and pensions | 62 | €1,209,089 | €1,506,469 | +€297,380 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,203 | €143,494 | +€38,291 | +36.4% |
| Other operating charges | 640/8 | €9,915 | €7,832 | -€2,083 | -21.0% |
| Gross operating margin | 9900 | €1,881,079 | €2,337,924 | +€456,845 | +24.3% |
| Operating profit (loss) | 9901 | €556,873 | €680,129 | +€123,256 | +22.1% |
| Financial income | 75/76B | €7,189 | €6,806 | -€383 | -5.3% |
| Recurring financial income | 75 | €7,189 | €6,806 | -€383 | -5.3% |
| Financial charges | 65/66B | €24,768 | €12,206 | -€12,561 | -50.7% |
| Recurring financial charges | 65 | €24,768 | €12,206 | -€12,561 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €539,295 | €674,729 | +€135,434 | +25.1% |
| Income taxes | 67/77 | €171,901 | €188,685 | +€16,784 | +9.8% |
| Profit (loss) for the period | 9904 | €367,393 | €486,044 | +€118,650 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €367,393 | €486,044 | +€118,650 | +32.3% |
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.