ECOGREEN: 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.
ECOGREEN
Largest movements
- Deferred charges and accrued income +€29,925
new in 2023: €29,925
- Receivables within one year -€16,277
down €16,277 (-24.9%), from €65,325 to €49,049
- Cash -€5,990
down €5,990 (-44.9%), from €13,347 to €7,357
mainly Deferred charges and accrued income (-€29,925) and Tax, wage and social debts (-€17,312)
- Other debts +€19,535
up €19,535 (+43.8%), from €44,576 to €64,110
- Tax, wage and social debts -€17,312
down €17,312 (-70.4%), from €24,599 to €7,287
of which Taxes: -€10,213
- Trade debts +€13,893
up €13,893 (+108%), from €12,821 to €26,714
- Short-term financial debts -€5,073
down €5,073 (-92.9%), from €5,460 to €388
- Debts after one year -€4,572
down €4,572 (-79.8%), from €5,730 to €1,158
- Gross operating margin -€44,117
down €44,117 (-42.7%), from €103,416 to €59,299
- Staff costs -€24,019
down €24,019 (-30.3%), from €79,235 to €55,216
- Depreciation -€1,614
down €1,614 (-35.2%), from €4,583 to €2,969
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,124 | €114,147 | +€9,022 | +8.6% |
| Fixed assets | 21/28 | €26,452 | €27,816 | +€1,364 | +5.2% |
| Tangible fixed assets | 22/27 | €9,167 | €9,781 | +€614 | +6.7% |
| Furniture and vehicles | 24 | €9,167 | €9,781 | +€614 | +6.7% |
| Financial fixed assets | 28 | €17,285 | €18,035 | +€750 | +4.3% |
| Current assets | 29/58 | €78,672 | €86,331 | +€7,658 | +9.7% |
| Amounts receivable within one year | 40/41 | €65,325 | €49,049 | -€16,277 | -24.9% |
| Trade receivables | 40 | €65,325 | €49,049 | -€16,277 | -24.9% |
| Cash at bank and in hand | 54/58 | €13,347 | €7,357 | -€5,990 | -44.9% |
| Deferred charges and accrued income | 490/1 | - | €29,925 | +€29,925 | |
| Total equity and liabilities | 10/49 | €105,124 | €114,147 | +€9,022 | +8.6% |
| Equity | 10/15 | €11,938 | €9,918 | -€2,020 | -16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €187 | €187 | = | 0.0% |
| Non-distributable reserves | 130/1 | €187 | €187 | = | 0.0% |
| Reserves not available under the articles | 1311 | €187 | €187 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,849 | -€8,869 | -€2,020 | -29.5% |
| Amounts payable | 17/49 | €93,187 | €104,229 | +€11,043 | +11.8% |
| Amounts payable after more than one year | 17 | €5,730 | €1,158 | -€4,572 | -79.8% |
| Financial debts | 170/4 | €5,730 | €1,158 | -€4,572 | -79.8% |
| Amounts payable within one year | 42/48 | €87,456 | €103,071 | +€15,615 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | - | €4,572 | +€4,572 | |
| Financial debts | 43 | €5,460 | €388 | -€5,073 | -92.9% |
| Credit institutions | 430/8 | €5,460 | €388 | -€5,073 | -92.9% |
| Trade debts | 44 | €12,821 | €26,714 | +€13,893 | +108% |
| Suppliers | 440/4 | €12,821 | €26,714 | +€13,893 | +108% |
| Taxes, remuneration and social security | 45 | €24,599 | €7,287 | -€17,312 | -70.4% |
| Taxes | 450/3 | €12,067 | €1,855 | -€10,213 | -84.6% |
| Remuneration and social security | 454/9 | €12,532 | €5,432 | -€7,100 | -56.7% |
| Other amounts payable | 47/48 | €44,576 | €64,110 | +€19,535 | +43.8% |
| Non-recurring operating income | 76A | €26,000 | - | -€26,000 | |
| Remuneration, social security and pensions | 62 | €79,235 | €55,216 | -€24,019 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,583 | €2,969 | -€1,614 | -35.2% |
| Other operating charges | 640/8 | €2,197 | €1,788 | -€409 | -18.6% |
| Gross operating margin | 9900 | €103,416 | €59,299 | -€44,117 | -42.7% |
| Operating profit (loss) | 9901 | €17,401 | -€674 | -€18,075 | |
| Financial income | 75/76B | €1 | €13 | +€12 | +2,036% |
| Recurring financial income | 75 | €1 | €13 | +€12 | +2,036% |
| Financial charges | 65/66B | €2,235 | €1,214 | -€1,020 | -45.7% |
| Recurring financial charges | 65 | €2,235 | €1,214 | -€1,020 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €15,167 | -€1,875 | -€17,043 | |
| Income taxes | 67/77 | €172 | €145 | -€27 | -15.6% |
| Profit (loss) for the period | 9904 | €14,996 | -€2,020 | -€17,016 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,996 | -€2,020 | -€17,016 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.