ECOLAW: 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.
ECOLAW
Largest movements
- Cash +€42,995
up €42,995 (+319,424%), from €13 to €43,008
mainly Net result for the year (+€89,070) and Depreciation (+€47,579)
- Tangible fixed assets -€41,029
down €41,029 (-8.4%), from €487,538 to €446,510
- Debts after one year -€100,059
down €100,059 (-23.1%), from €433,352 to €333,293
- Profit (loss) carried forward +€89,070
up €89,070 (+11.5%), from -€774,424 to -€685,353
- Other debts +€20,287
up €20,287 (+917%), from €2,213 to €22,500
- Gross operating margin -€20,280
down €20,280 (-11.5%), from €176,131 to €155,851
- Taxes +€12,791
new in 2025: €12,791
- Depreciation -€6,506
down €6,506 (-12.0%), from €54,084 to €47,579
- Other operating charges -€4,124
down €4,124 (-64.4%), from €6,400 to €2,276
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 | €1,043,299 | €1,049,889 | +€6,591 | +0.6% |
| Fixed assets | 21/28 | €1,006,138 | €965,110 | -€41,029 | -4.1% |
| Tangible fixed assets | 22/27 | €487,538 | €446,510 | -€41,029 | -8.4% |
| Land and buildings | 22 | €487,538 | €446,510 | -€41,029 | -8.4% |
| Financial fixed assets | 28 | €518,600 | €518,600 | = | 0.0% |
| Current assets | 29/58 | €37,160 | €84,779 | +€47,619 | +128% |
| Amounts receivable within one year | 40/41 | €37,147 | €41,771 | +€4,625 | +12.5% |
| Trade receivables | 40 | - | €3,366 | +€3,366 | |
| Other amounts receivable | 41 | €37,147 | €38,405 | +€1,259 | +3.4% |
| Cash at bank and in hand | 54/58 | €13 | €43,008 | +€42,995 | +319,424% |
| Total equity and liabilities | 10/49 | €1,043,299 | €1,049,889 | +€6,591 | +0.6% |
| Equity | 10/15 | €493,326 | €582,397 | +€89,070 | +18.1% |
| Contributions | 10/11 | €1,265,390 | €1,265,390 | = | 0.0% |
| Capital | 10 | €1,265,000 | €1,265,000 | = | 0.0% |
| Issued capital | 100 | €1,265,000 | €1,265,000 | = | 0.0% |
| Contributions outside capital | 11 | €390 | €390 | = | 0.0% |
| Share premium | 1100/10 | €390 | €390 | = | 0.0% |
| Reserves | 13 | €2,360 | €2,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,360 | €2,360 | = | 0.0% |
| Legal reserve | 130 | €2,360 | €2,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€774,424 | -€685,353 | +€89,070 | +11.5% |
| Amounts payable | 17/49 | €549,972 | €467,492 | -€82,480 | -15.0% |
| Amounts payable after more than one year | 17 | €433,352 | €333,293 | -€100,059 | -23.1% |
| Financial debts | 170/4 | €433,352 | €333,293 | -€100,059 | -23.1% |
| Amounts payable within one year | 42/48 | €116,620 | €134,199 | +€17,579 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €98,900 | €100,059 | +€1,159 | +1.2% |
| Trade debts | 44 | €12,854 | €11,640 | -€1,213 | -9.4% |
| Suppliers | 440/4 | €12,854 | €11,640 | -€1,213 | -9.4% |
| Taxes, remuneration and social security | 45 | €2,654 | - | -€2,654 | |
| Taxes | 450/3 | €2,654 | - | -€2,654 | |
| Other amounts payable | 47/48 | €2,213 | €22,500 | +€20,287 | +917% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,084 | €47,579 | -€6,506 | -12.0% |
| Other operating charges | 640/8 | €6,400 | €2,276 | -€4,124 | -64.4% |
| Non-recurring operating charges | 66A | €2,339 | - | -€2,339 | |
| Gross operating margin | 9900 | €176,131 | €155,851 | -€20,280 | -11.5% |
| Operating profit (loss) | 9901 | €113,308 | €105,996 | -€7,312 | -6.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200% |
| Financial charges | 65/66B | €4,226 | €4,135 | -€90 | -2.1% |
| Recurring financial charges | 65 | €4,226 | €4,135 | -€90 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €109,083 | €101,861 | -€7,222 | -6.6% |
| Income taxes | 67/77 | - | €12,791 | +€12,791 | |
| Profit (loss) for the period | 9904 | €109,083 | €89,070 | -€20,013 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €109,083 | €89,070 | -€20,013 | -18.3% |
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 19 October 2026 via checked.be.