ECOGESO: 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.
ECOGESO
Largest movements
- Tangible fixed assets +€42,267
up €42,267 (+41.3%), from €102,371 to €144,639
of which Furniture and vehicles: +€34,549
- Cash +€15,100
up €15,100 (+26.7%), from €56,463 to €71,562
mainly Net result for the year (+€90,014) and Depreciation (+€50,233)
- Profit (loss) carried forward +€47,914
new in 2025: €47,914
- Other debts +€44,936
up €44,936 (+18.1%), from €248,280 to €293,216
- Debts after one year -€22,973
down €22,973 (-92.3%), from €24,900 to €1,927
- Trade debts -€11,868
down €11,868 (-86.8%), from €13,678 to €1,810
- Other operating charges +€194,130
up €194,130 (+3,051%), from €6,363 to €200,493
- Financial income +€162,997
up €162,997 (+664%), from €24,547 to €187,544
of which Non-recurring financial income: +€163,327
- Financial charges -€60,278
down €60,278 (-70.7%), from €85,298 to €25,020
of which Non-recurring financial charges: -€67,655
- Depreciation +€38,438
up €38,438 (+326%), from €11,794 to €50,233
- Gross operating margin +€31,473
up €31,473 (+17.7%), from €178,129 to €209,602
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.
Derived cash bridge
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 | €1,028,778 | €1,084,597 | +€55,819 | +5.4% |
| Fixed assets | 21/28 | €690,007 | €736,224 | +€46,217 | +6.7% |
| Tangible fixed assets | 22/27 | €102,371 | €144,639 | +€42,267 | +41.3% |
| Furniture and vehicles | 24 | €64,324 | €98,873 | +€34,549 | +53.7% |
| Other tangible fixed assets | 26 | €38,047 | €45,766 | +€7,718 | +20.3% |
| Financial fixed assets | 28 | €587,635 | €591,585 | +€3,950 | +0.7% |
| Current assets | 29/58 | €338,771 | €348,373 | +€9,602 | +2.8% |
| Amounts receivable within one year | 40/41 | €271,044 | €260,300 | -€10,743 | -4.0% |
| Trade receivables | 40 | €38,300 | €29,836 | -€8,463 | -22.1% |
| Other amounts receivable | 41 | €232,744 | €230,464 | -€2,280 | -1.0% |
| Cash at bank and in hand | 54/58 | €56,463 | €71,562 | +€15,100 | +26.7% |
| Deferred charges and accrued income | 490/1 | €11,264 | €16,510 | +€5,246 | +46.6% |
| Total equity and liabilities | 10/49 | €1,028,778 | €1,084,597 | +€55,819 | +5.4% |
| Equity | 10/15 | €691,386 | €731,299 | +€39,913 | +5.8% |
| Contributions | 10/11 | €260,200 | €260,200 | = | 0.0% |
| Reserves | 13 | €431,186 | €423,185 | -€8,000 | -1.9% |
| Tax-exempt reserves | 132 | €77,700 | €119,800 | +€42,100 | +54.2% |
| Distributable reserves | 133 | €353,486 | €303,385 | -€50,100 | -14.2% |
| Profit (loss) carried forward | 14 | - | €47,914 | +€47,914 | |
| Amounts payable | 17/49 | €337,392 | €353,298 | +€15,906 | +4.7% |
| Amounts payable after more than one year | 17 | €24,900 | €1,927 | -€22,973 | -92.3% |
| Financial debts | 170/4 | €24,900 | €1,927 | -€22,973 | -92.3% |
| Amounts payable within one year | 42/48 | €301,274 | €334,835 | +€33,562 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €23,327 | €23,624 | +€297 | +1.3% |
| Trade debts | 44 | €13,678 | €1,810 | -€11,868 | -86.8% |
| Suppliers | 440/4 | €13,678 | €1,810 | -€11,868 | -86.8% |
| Taxes, remuneration and social security | 45 | €15,988 | €16,186 | +€198 | +1.2% |
| Taxes | 450/3 | €15,988 | €16,186 | +€198 | +1.2% |
| Other amounts payable | 47/48 | €248,280 | €293,216 | +€44,936 | +18.1% |
| Accrued charges and deferred income | 492/3 | €11,219 | €16,536 | +€5,317 | +47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,794 | €50,233 | +€38,438 | +326% |
| Other operating charges | 640/8 | €6,363 | €200,493 | +€194,130 | +3,051% |
| Gross operating margin | 9900 | €178,129 | €209,602 | +€31,473 | +17.7% |
| Operating profit (loss) | 9901 | €159,971 | -€41,124 | -€201,095 | |
| Financial income | 75/76B | €24,547 | €187,544 | +€162,997 | +664% |
| Recurring financial income | 75 | €691 | €362 | -€330 | -47.7% |
| Non-recurring financial income | 76B | €23,855 | €187,182 | +€163,327 | +685% |
| Financial charges | 65/66B | €85,298 | €25,020 | -€60,278 | -70.7% |
| Recurring financial charges | 65 | €11,442 | €18,820 | +€7,378 | +64.5% |
| Non-recurring financial charges | 66B | €73,855 | €6,200 | -€67,655 | -91.6% |
| Profit (loss) for the period before taxes | 9903 | €99,220 | €121,400 | +€22,180 | +22.4% |
| Income taxes | 67/77 | €44,130 | €31,386 | -€12,744 | -28.9% |
| Profit (loss) for the period | 9904 | €55,090 | €90,014 | +€34,924 | +63.4% |
| Transfer from tax-exempt reserves | 789 | €161,900 | - | -€161,900 | |
| Transfer to tax-exempt reserves | 689 | €42,100 | €42,100 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €174,890 | €47,914 | -€126,976 | -72.6% |
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 18 October 2026 via checked.be.