ECOGEN ENERGY SYSTEMS: what changed
Two financial 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 ENERGY SYSTEMS
Largest movements
- Stocks and contracts -€661,424
down €661,424 (-99.9%), from €662,165 to €741
- Current investments -€341,397
down €341,397 (-8.3%), from €4.1m to €3.7m
- Receivables within one year -€131,134
down €131,134 (-32.9%), from €398,506 to €267,372
of which Trade receivables: -€149,858
- Cash -€113,713
down €113,713 (-46.3%), from €245,851 to €132,138
mainly Advances received (-€830,051) and Other debts (-€544,098)
- Advances received -€830,051
down €830,051 (-57.6%), from €1.4m to €610,050
- Other debts -€544,098
down €544,098 (-65.6%), from €829,835 to €285,737
- Gross operating margin -€549,282
down €549,282 (-62.5%), from €879,320 to €330,038
- Taxes -€144,953
down €144,953 (-63.5%), from €228,252 to €83,299
- Write-downs +€66,250
new in 2025: €66,250
- Other operating charges +€58,605
up €58,605 (+526.8%), from €11,125 to €69,730
- Financial charges +€20,303
up €20,303 (+46.1%), from €44,089 to €64,392
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 | €5,642,864 | €4,350,691 | -€1.3m | -22.9% |
| Fixed assets | 21/28 | €245,502 | €200,997 | -€44,505 | -18.1% |
| Tangible fixed assets | 22/27 | €245,502 | €200,997 | -€44,505 | -18.1% |
| Land and buildings | 22 | €211,658 | €180,779 | -€30,879 | -14.6% |
| Plant, machinery and equipment | 23 | €7,361 | €6,134 | -€1,227 | -16.7% |
| Furniture and vehicles | 24 | €26,483 | €14,084 | -€12,399 | -46.8% |
| Current assets | 29/58 | €5,397,362 | €4,149,694 | -€1.2m | -23.1% |
| Stocks and contracts in progress | 3 | €662,165 | €741 | -€661,424 | -99.9% |
| Contracts in progress | 37 | €662,165 | €741 | -€661,424 | -99.9% |
| Amounts receivable within one year | 40/41 | €398,506 | €267,372 | -€131,134 | -32.9% |
| Trade receivables | 40 | €287,883 | €138,025 | -€149,858 | -52.1% |
| Other amounts receivable | 41 | €110,623 | €129,347 | +€18,724 | +16.9% |
| Current investments | 50/53 | €4,090,840 | €3,749,443 | -€341,397 | -8.3% |
| Cash at bank and in hand | 54/58 | €245,851 | €132,138 | -€113,713 | -46.3% |
| Total equity and liabilities | 10/49 | €5,642,864 | €4,350,691 | -€1.3m | -22.9% |
| Equity | 10/15 | €2,801,670 | €2,843,754 | +€42,084 | +1.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €313,679 | €313,679 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €311,200 | €311,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,463,202 | €2,505,286 | +€42,084 | +1.7% |
| Amounts payable | 17/49 | €2,841,194 | €1,506,937 | -€1.3m | -47.0% |
| Amounts payable after more than one year | 17 | €435,000 | €435,000 | = | 0.0% |
| Financial debts | 170/4 | €435,000 | €435,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,406,194 | €1,071,937 | -€1.3m | -55.5% |
| Trade debts | 44 | €134,119 | €164,737 | +€30,618 | +22.8% |
| Suppliers | 440/4 | €134,119 | €164,737 | +€30,618 | +22.8% |
| Advances received on contracts in progress | 46 | €1,440,101 | €610,050 | -€830,051 | -57.6% |
| Taxes, remuneration and social security | 45 | €2,139 | €11,413 | +€9,274 | +433.6% |
| Taxes | 450/3 | €2,139 | €11,413 | +€9,274 | +433.6% |
| Other amounts payable | 47/48 | €829,835 | €285,737 | -€544,098 | -65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,016 | €44,506 | -€17,510 | -28.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €66,250 | +€66,250 | |
| Other operating charges | 640/8 | €11,125 | €69,730 | +€58,605 | +526.8% |
| Gross operating margin | 9900 | €879,320 | €330,038 | -€549,282 | -62.5% |
| Operating profit (loss) | 9901 | €806,179 | €149,552 | -€656,627 | -81.4% |
| Financial income | 75/76B | €169,751 | €170,222 | +€471 | +0.3% |
| Recurring financial income | 75 | €169,751 | €166,766 | -€2,985 | -1.8% |
| Non-recurring financial income | 76B | - | €3,456 | +€3,456 | |
| Financial charges | 65/66B | €44,089 | €64,392 | +€20,303 | +46.1% |
| Recurring financial charges | 65 | €44,089 | €64,392 | +€20,303 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | €931,841 | €255,382 | -€676,459 | -72.6% |
| Income taxes | 67/77 | €228,252 | €83,299 | -€144,953 | -63.5% |
| Profit (loss) for the period | 9904 | €703,589 | €172,083 | -€531,506 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €703,589 | €172,083 | -€531,506 | -75.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.