Ecogro: 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.
What changed
Ecogro
NACE 68.110, Buying and selling of own real estate
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€163,984
2023 · -€201,209+€37,224
Equity
-€301,449
2023 · -€137,465-€163,984
Cash
€10,023
2023 · €6,241+€3,783
Balance sheet total
€1.7m
2023 · €1.8m-€63,706
Largest movements
Assets
- Tangible fixed assets -€57,570
down €57,570 (-3.9%), from €1.5m to €1.4m
of which Land and buildings: -€57,191
Equity and liabilities
- Other debts +€197,084
up €197,084 (+17.5%), from €1.1m to €1.3m
- Profit (loss) carried forward -€162,932
down €162,932 (-55.8%), from -€292,155 to -€455,087
- Debts after one year -€83,094
down €83,094 (-12.7%), from €654,733 to €571,639
Income statement
- Gross operating margin +€30,554
up €30,554 (+47.4%), from -€64,393 to -€33,839
- Depreciation -€30,389
down €30,389 (-33.4%), from €90,960 to €60,570
- Other operating charges +€25,852
up €25,852 (+136.6%), from €18,929 to €44,780
- Financial charges -€3,436
down €3,436 (-11.7%), from €29,319 to €25,882
From the 2023 result to the 2024 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.
Result 2023
-€201,209
Gross operating margin
+€30,554
Depreciation
+€30,389
Other operating charges
-€25,852
Financial charges
+€3,436
Taxes
+€546
Deferred taxes and other
-€1,850
Result 2024
-€163,984
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€83,257
Investment
-€1,750
Financing
-€77,725
Cash 2023
€6,241
From operations (derived)
+€83,257
Net result for the year
-€163,984
Depreciation
+€60,570
Receivables within one year
+€8,795
Deferred charges and accrued income
-€127
Provisions
-€542
Trade debts
-€15,858
Tax, wage and social debts
-€2,681
Other debts
+€197,084
Investment (derived)
-€1,750
Investment in fixed assets (net)
-€1,750
Financing
-€77,725
Debts after one year
-€83,094
Current portion of long-term debt
+€5,369
Cash 2024
€10,023
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,793,170 | €1,729,464 | -€63,706 | -3.6% |
| Fixed assets | 21/28 | €1,493,823 | €1,435,003 | -€58,820 | -3.9% |
| Intangible fixed assets | 21 | €4,327 | €1,327 | -€3,000 | -69.3% |
| Tangible fixed assets | 22/27 | €1,489,496 | €1,431,925 | -€57,570 | -3.9% |
| Land and buildings | 22 | €1,487,979 | €1,430,788 | -€57,191 | -3.8% |
| Furniture and vehicles | 24 | €1,517 | €1,138 | -€379 | -25.0% |
| Financial fixed assets | 28 | - | €1,750 | +€1,750 | |
| Current assets | 29/58 | €299,347 | €294,461 | -€4,886 | -1.6% |
| Stocks and contracts in progress | 3 | €200,000 | €200,000 | = | 0.0% |
| Stocks | 30/36 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €91,825 | €83,030 | -€8,795 | -9.6% |
| Trade receivables | 40 | €31,455 | €19,519 | -€11,936 | -37.9% |
| Other amounts receivable | 41 | €60,370 | €63,511 | +€3,141 | +5.2% |
| Cash at bank and in hand | 54/58 | €6,241 | €10,023 | +€3,783 | +60.6% |
| Deferred charges and accrued income | 490/1 | €1,281 | €1,408 | +€127 | +9.9% |
| Total equity and liabilities | 10/49 | €1,793,170 | €1,729,464 | -€63,706 | -3.6% |
| Equity | 10/15 | -€137,465 | -€301,449 | -€163,984 | -119.3% |
| Contributions | 10/11 | €137,700 | €137,700 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €76,200 | €76,200 | = | 0.0% |
| Share premium | 1100/10 | €76,200 | €76,200 | = | 0.0% |
| Reserves | 13 | €16,990 | €15,938 | -€1,052 | -6.2% |
| Non-distributable reserves | 130/1 | €308 | €308 | = | 0.0% |
| Reserves not available under the articles | 1311 | €308 | €308 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,318 | €10,266 | -€1,052 | -9.3% |
| Distributable reserves | 133 | €5,364 | €5,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€292,155 | -€455,087 | -€162,932 | -55.8% |
| Provisions and deferred taxes | 16 | €5,828 | €5,286 | -€542 | -9.3% |
| Deferred taxes | 168 | €5,828 | €5,286 | -€542 | -9.3% |
| Amounts payable | 17/49 | €1,924,807 | €2,025,627 | +€100,820 | +5.2% |
| Amounts payable after more than one year | 17 | €654,733 | €571,639 | -€83,094 | -12.7% |
| Financial debts | 170/4 | €654,733 | €571,639 | -€83,094 | -12.7% |
| Amounts payable within one year | 42/48 | €1,270,074 | €1,453,988 | +€183,914 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €77,725 | €83,094 | +€5,369 | +6.9% |
| Trade debts | 44 | €61,528 | €45,670 | -€15,858 | -25.8% |
| Suppliers | 440/4 | €61,528 | €45,670 | -€15,858 | -25.8% |
| Taxes, remuneration and social security | 45 | €4,755 | €2,074 | -€2,681 | -56.4% |
| Taxes | 450/3 | €4,755 | €2,074 | -€2,681 | -56.4% |
| Other amounts payable | 47/48 | €1,126,066 | €1,323,150 | +€197,084 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,960 | €60,570 | -€30,389 | -33.4% |
| Other operating charges | 640/8 | €18,929 | €44,780 | +€25,852 | +136.6% |
| Gross operating margin | 9900 | -€64,393 | -€33,839 | +€30,554 | +47.4% |
| Operating profit (loss) | 9901 | -€174,281 | -€139,189 | +€35,092 | +20.1% |
| Financial charges | 65/66B | €29,319 | €25,882 | -€3,436 | -11.7% |
| Recurring financial charges | 65 | €29,319 | €25,882 | -€3,436 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€203,600 | -€165,072 | +€38,528 | +18.9% |
| Transfer from deferred taxes | 780 | €2,392 | €542 | -€1,850 | -77.3% |
| Income taxes | 67/77 | - | -€546 | -€546 | |
| Profit (loss) for the period | 9904 | -€201,209 | -€163,984 | +€37,224 | +18.5% |
| Transfer from tax-exempt reserves | 789 | - | €1,052 | +€1,052 | |
| Profit (loss) for the period to be appropriated | 9905 | -€201,209 | -€162,932 | +€38,277 | +19.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.