ECOGROUPE: 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.
ECOGROUPE
Largest movements
- Cash +€200,504
up €200,504 (+33.0%), from €606,683 to €807,187
mainly Net result for the year (+€226,725) and Trade debts (+€59,807)
- Receivables within one year +€76,735
up €76,735 (+97.3%), from €78,853 to €155,588
of which Trade receivables: +€78,066
- Tangible fixed assets -€24,692
down €24,692 (-71.7%), from €34,423 to €9,731
- Stocks and contracts -€22,441
down €22,441 (-47.3%), from €47,452 to €25,011
- Financial fixed assets -€21,325
down €21,325 (-5.6%), from €381,933 to €360,608
- Profit (loss) carried forward +€226,725
up €226,725 (+46.4%), from €488,650 to €715,375
- Debts after one year -€117,275
no longer reported in 2025 (was €117,275)
- Trade debts +€59,807
up €59,807 (+16.2%), from €369,459 to €429,265
- Tax, wage and social debts +€39,524
up €39,524 (+23.6%), from €167,760 to €207,284
of which Taxes: +€20,918
- Taxes -€81,324
down €81,324 (-45.3%), from €179,504 to €98,180
- Gross operating margin +€77,318
up €77,318 (+11.2%), from €692,856 to €770,174
- Staff costs +€20,985
up €20,985 (+5.3%), from €392,910 to €413,895
- Financial income -€20,542
down €20,542 (-89.2%), from €23,031 to €2,489
- Other operating charges -€10,239
down €10,239 (-76.4%), from €13,408 to €3,169
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 | €1,149,344 | €1,358,125 | +€208,781 | +18.2% |
| Fixed assets | 21/28 | €416,356 | €370,339 | -€46,017 | -11.1% |
| Tangible fixed assets | 22/27 | €34,423 | €9,731 | -€24,692 | -71.7% |
| Plant, machinery and equipment | 23 | €13,891 | €8,281 | -€5,610 | -40.4% |
| Furniture and vehicles | 24 | €8,365 | €1,450 | -€6,915 | -82.7% |
| Other tangible fixed assets | 26 | €12,166 | - | -€12,166 | |
| Financial fixed assets | 28 | €381,933 | €360,608 | -€21,325 | -5.6% |
| Current assets | 29/58 | €732,988 | €987,786 | +€254,798 | +34.8% |
| Stocks and contracts in progress | 3 | €47,452 | €25,011 | -€22,441 | -47.3% |
| Stocks | 30/36 | €47,452 | €25,011 | -€22,441 | -47.3% |
| Amounts receivable within one year | 40/41 | €78,853 | €155,588 | +€76,735 | +97.3% |
| Trade receivables | 40 | €57,523 | €135,588 | +€78,066 | +135.7% |
| Other amounts receivable | 41 | €21,330 | €20,000 | -€1,330 | -6.2% |
| Cash at bank and in hand | 54/58 | €606,683 | €807,187 | +€200,504 | +33.0% |
| Total equity and liabilities | 10/49 | €1,149,344 | €1,358,125 | +€208,781 | +18.2% |
| Equity | 10/15 | €494,850 | €721,575 | +€226,725 | +45.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | - | €6,200 | +€6,200 | |
| Share premium | 1100/10 | - | €6,200 | +€6,200 | |
| Profit (loss) carried forward | 14 | €488,650 | €715,375 | +€226,725 | +46.4% |
| Amounts payable | 17/49 | €654,494 | €636,549 | -€17,945 | -2.7% |
| Amounts payable after more than one year | 17 | €117,275 | - | -€117,275 | |
| Financial debts | 170/4 | €117,275 | - | -€117,275 | |
| Amounts payable within one year | 42/48 | €537,219 | €636,549 | +€99,330 | +18.5% |
| Trade debts | 44 | €369,459 | €429,265 | +€59,807 | +16.2% |
| Suppliers | 440/4 | €369,459 | €429,265 | +€59,807 | +16.2% |
| Taxes, remuneration and social security | 45 | €167,760 | €207,284 | +€39,524 | +23.6% |
| Taxes | 450/3 | €111,362 | €132,280 | +€20,918 | +18.8% |
| Remuneration and social security | 454/9 | €56,398 | €75,004 | +€18,606 | +33.0% |
| Remuneration, social security and pensions | 62 | €392,910 | €413,895 | +€20,985 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,463 | €24,692 | -€2,771 | -10.1% |
| Other operating charges | 640/8 | €13,408 | €3,169 | -€10,239 | -76.4% |
| Gross operating margin | 9900 | €692,856 | €770,174 | +€77,318 | +11.2% |
| Operating profit (loss) | 9901 | €259,074 | €328,417 | +€69,343 | +26.8% |
| Financial income | 75/76B | €23,031 | €2,489 | -€20,542 | -89.2% |
| Recurring financial income | 75 | €23,031 | €2,489 | -€20,542 | -89.2% |
| Financial charges | 65/66B | €4,207 | €6,001 | +€1,794 | +42.6% |
| Recurring financial charges | 65 | €4,207 | €6,001 | +€1,794 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €277,898 | €324,905 | +€47,007 | +16.9% |
| Income taxes | 67/77 | €179,504 | €98,180 | -€81,324 | -45.3% |
| Profit (loss) for the period | 9904 | €98,395 | €226,725 | +€128,331 | +130.4% |
| Profit (loss) for the period to be appropriated | 9905 | €98,395 | €226,725 | +€128,331 | +130.4% |
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 3 October 2026 via checked.be.