ECOLAB: 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.
What changed
ECOLAB
NACE 20.412, Manufacture of chemicals and chemical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5.6m
2024 · €3.7m+€1.9m
Equity
€93.0m
2024 · €87.4m+€5.6m
Cash
-
not filed
Balance sheet total
€105.6m
2024 · €95.7m+€9.9m
Largest movements
Assets
- Receivables within one year +€10.0m
up €10.0m (+58.0%), from €17.2m to €27.2m
of which Other amounts receivable: +€9.1m
Equity and liabilities
- Profit (loss) carried forward +€5.6m
up €5.6m (+52.8%), from -€10.6m to -€5.0m
- Trade debts +€2.7m
up €2.7m (+169.4%), from €1.6m to €4.3m
- Tax, wage and social debts +€1.3m
up €1.3m (+34.4%), from €3.8m to €5.1m
of which Remuneration and social security: +€1.2m
Income statement
- Financial income +€2.5m
up €2.5m (+150.5%), from €1.7m to €4.2m
- Turnover -€2.0m
down €2.0m (-4.0%), from €50.6m to €48.6m
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.
Result 2024
€3.7m
Turnover
-€2.0m
Other operating income
-€320,371
Goods and materials
+€246,969
Services and other goods
+€409,824
Staff costs
+€499,647
Depreciation
-€21,734
Write-downs
+€16,191
Other operating charges
+€76,898
Other operating items
+€214,939
Financial income
+€2.5m
Financial charges
+€14,348
Taxes
+€204,060
Result 2025
€5.6m
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,684,401 | €105,592,786 | +€9.9m | +10.4% |
| Fixed assets | 21/28 | €78,401,511 | €78,399,638 | -€1,873 | 0.0% |
| Tangible fixed assets | 22/27 | €2,505,670 | €2,503,797 | -€1,873 | -0.1% |
| Plant, machinery and equipment | 23 | €103,961 | €96,104 | -€7,856 | -7.6% |
| Furniture and vehicles | 24 | €12,226 | €52,622 | +€40,396 | +330.4% |
| Other tangible fixed assets | 26 | €2,267,381 | €2,279,348 | +€11,967 | +0.5% |
| Assets under construction and advance payments | 27 | €122,102 | €75,722 | -€46,380 | -38.0% |
| Financial fixed assets | 28 | €75,895,841 | €75,895,841 | = | 0.0% |
| Affiliated companies | 280/1 | €75,895,841 | €75,895,841 | = | 0.0% |
| Participating interests | 280 | €75,895,841 | €75,895,841 | = | 0.0% |
| Current assets | 29/58 | €17,282,891 | €27,193,149 | +€9.9m | +57.3% |
| Amounts receivable after more than one year | 29 | €28,044 | - | -€28,044 | |
| Trade receivables | 290 | €28,044 | - | -€28,044 | |
| Amounts receivable within one year | 40/41 | €17,207,535 | €27,186,276 | +€10.0m | +58.0% |
| Trade receivables | 40 | €12,265,586 | €13,100,044 | +€834,458 | +6.8% |
| Other amounts receivable | 41 | €4,941,948 | €14,086,232 | +€9.1m | +185.0% |
| Deferred charges and accrued income | 490/1 | €47,312 | €6,872 | -€40,440 | -85.5% |
| Total equity and liabilities | 10/49 | €95,684,401 | €105,592,786 | +€9.9m | +10.4% |
| Equity | 10/15 | €87,438,694 | €93,016,466 | +€5.6m | +6.4% |
| Contributions | 10/11 | €97,089,849 | €97,089,849 | = | 0.0% |
| Reserves | 13 | €910,841 | €910,841 | = | 0.0% |
| Non-distributable reserves | 130/1 | €564,489 | €564,489 | = | 0.0% |
| Reserves not available under the articles | 1311 | €550,045 | €550,045 | = | 0.0% |
| Other | 1319 | €14,444 | €14,444 | = | 0.0% |
| Tax-exempt reserves | 132 | €346,352 | €346,352 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,561,996 | -€4,984,224 | +€5.6m | +52.8% |
| Provisions and deferred taxes | 16 | €152,719 | €90,500 | -€62,219 | -40.7% |
| Provisions for liabilities and charges | 160/5 | €152,719 | €90,500 | -€62,219 | -40.7% |
| Other liabilities and charges | 164/5 | €152,719 | €90,500 | -€62,219 | -40.7% |
| Amounts payable | 17/49 | €8,092,988 | €12,485,820 | +€4.4m | +54.3% |
| Amounts payable within one year | 42/48 | €5,412,917 | €9,410,598 | +€4.0m | +73.9% |
| Trade debts | 44 | €1,583,051 | €4,264,224 | +€2.7m | +169.4% |
| Suppliers | 440/4 | €1,583,051 | €4,264,224 | +€2.7m | +169.4% |
| Taxes, remuneration and social security | 45 | €3,829,866 | €5,146,374 | +€1.3m | +34.4% |
| Taxes | 450/3 | €996,461 | €1,072,813 | +€76,351 | +7.7% |
| Remuneration and social security | 454/9 | €2,833,404 | €4,073,561 | +€1.2m | +43.8% |
| Accrued charges and deferred income | 492/3 | €2,680,071 | €3,075,222 | +€395,151 | +14.7% |
| Operating income | 70/76A | €54,569,995 | €52,251,056 | -€2.3m | -4.2% |
| Turnover | 70 | €50,567,701 | €48,569,133 | -€2.0m | -4.0% |
| Other operating income | 74 | €4,002,294 | €3,681,923 | -€320,371 | -8.0% |
| Operating charges | 60/66A | €51,555,541 | €50,112,807 | -€1.4m | -2.8% |
| Goods for resale, raw materials and consumables | 60 | €30,536,161 | €30,289,192 | -€246,969 | -0.8% |
| Purchases | 600/8 | €30,536,161 | €30,289,192 | -€246,969 | -0.8% |
| Services and other goods | 61 | €4,966,665 | €4,556,840 | -€409,824 | -8.3% |
| Remuneration, social security and pensions | 62 | €14,164,934 | €13,665,287 | -€499,647 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,285,033 | €1,306,767 | +€21,734 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,809 | -€28,000 | -€16,191 | -137.1% |
| Other operating charges | 640/8 | €461,838 | €384,940 | -€76,898 | -16.7% |
| Non-recurring operating charges | 66A | €152,719 | -€62,219 | -€214,939 | |
| Operating profit (loss) | 9901 | €3,014,454 | €2,138,249 | -€876,204 | -29.1% |
| Financial income | 75/76B | €1,673,666 | €4,191,894 | +€2.5m | +150.5% |
| Recurring financial income | 75 | €1,673,666 | €4,191,894 | +€2.5m | +150.5% |
| Income from financial fixed assets | 750 | €1,600,000 | €4,000,000 | +€2.4m | +150.0% |
| Income from current assets | 751 | €59,206 | €185,729 | +€126,523 | +213.7% |
| Other financial income | 752/9 | €14,461 | €6,165 | -€8,296 | -57.4% |
| Financial charges | 65/66B | €26,350 | €12,003 | -€14,348 | -54.4% |
| Recurring financial charges | 65 | €26,350 | €12,003 | -€14,348 | -54.4% |
| Debt charges | 650 | €6,276 | €21 | -€6,255 | -99.7% |
| Other financial charges | 652/9 | €20,074 | €11,982 | -€8,092 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €4,661,770 | €6,318,140 | +€1.7m | +35.5% |
| Income taxes | 67/77 | €944,428 | €740,368 | -€204,060 | -21.6% |
| Taxes | 670/3 | €944,428 | €740,368 | -€204,060 | -21.6% |
| Profit (loss) for the period | 9904 | €3,717,342 | €5,577,772 | +€1.9m | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,717,342 | €5,577,772 | +€1.9m | +50.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.