ECOGEN: 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.
ECOGEN
Largest movements
- Receivables within one year +€152,005
up €152,005 (+42.1%), from €360,981 to €512,986
of which Trade receivables: +€151,262
- Cash -€98,780
down €98,780 (-97.2%), from €101,588 to €2,809
mainly Other debts (-€281,460) and Receivables within one year (-€152,005)
- Tangible fixed assets -€77,424
down €77,424 (-4.6%), from €1.7m to €1.6m
- Other debts -€281,460
down €281,460 (-19.3%), from €1.5m to €1.2m
- Profit (loss) carried forward +€195,570
up €195,570 (+36.4%), from €536,982 to €732,551
- Tax, wage and social debts +€59,507
up €59,507 (+41.2%), from €144,489 to €203,996
- Gross operating margin -€209,599
down €209,599 (-28.8%), from €728,354 to €518,756
- Taxes -€61,612
down €61,612 (-46.4%), from €132,804 to €71,192
- Depreciation +€16,998
up €16,998 (+8.4%), from €203,553 to €220,551
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 | €2,185,643 | €2,161,721 | -€23,922 | -1.1% |
| Fixed assets | 21/28 | €1,696,445 | €1,619,021 | -€77,424 | -4.6% |
| Tangible fixed assets | 22/27 | €1,696,445 | €1,619,021 | -€77,424 | -4.6% |
| Plant, machinery and equipment | 23 | €1,696,445 | €1,619,021 | -€77,424 | -4.6% |
| Current assets | 29/58 | €489,198 | €542,700 | +€53,502 | +10.9% |
| Amounts receivable after more than one year | 29 | €26,400 | €26,400 | = | 0.0% |
| Other amounts receivable | 291 | €26,400 | €26,400 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €360,981 | €512,986 | +€152,005 | +42.1% |
| Trade receivables | 40 | €360,981 | €512,243 | +€151,262 | +41.9% |
| Other amounts receivable | 41 | - | €743 | +€743 | |
| Cash at bank and in hand | 54/58 | €101,588 | €2,809 | -€98,780 | -97.2% |
| Deferred charges and accrued income | 490/1 | €228 | €505 | +€276 | +121.1% |
| Total equity and liabilities | 10/49 | €2,185,643 | €2,161,721 | -€23,922 | -1.1% |
| Equity | 10/15 | €566,982 | €762,551 | +€195,570 | +34.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €536,982 | €732,551 | +€195,570 | +36.4% |
| Amounts payable | 17/49 | €1,618,661 | €1,399,169 | -€219,492 | -13.6% |
| Amounts payable within one year | 42/48 | €1,618,661 | €1,399,169 | -€219,492 | -13.6% |
| Trade debts | 44 | €16,878 | €19,340 | +€2,462 | +14.6% |
| Suppliers | 440/4 | €16,878 | €19,340 | +€2,462 | +14.6% |
| Taxes, remuneration and social security | 45 | €144,489 | €203,996 | +€59,507 | +41.2% |
| Taxes | 450/3 | €144,489 | €203,996 | +€59,507 | +41.2% |
| Other amounts payable | 47/48 | €1,457,294 | €1,175,834 | -€281,460 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,553 | €220,551 | +€16,998 | +8.4% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €728,354 | €518,756 | -€209,599 | -28.8% |
| Operating profit (loss) | 9901 | €523,833 | €297,206 | -€226,627 | -43.3% |
| Financial income | 75/76B | €515 | €0 | -€515 | -100.0% |
| Recurring financial income | 75 | €515 | €0 | -€515 | -100.0% |
| Financial charges | 65/66B | €36,996 | €30,444 | -€6,551 | -17.7% |
| Recurring financial charges | 65 | €36,996 | €30,444 | -€6,551 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €487,353 | €266,762 | -€220,591 | -45.3% |
| Income taxes | 67/77 | €132,804 | €71,192 | -€61,612 | -46.4% |
| Profit (loss) for the period | 9904 | €354,549 | €195,570 | -€158,979 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €354,549 | €195,570 | -€158,979 | -44.8% |
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 29 September 2026 via checked.be.