ECOLIFT: 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.
ECOLIFT
Largest movements
- Cash +€654,851
up €654,851 (+347.5%), from €188,420 to €843,272
mainly Current investments (+€450,000) and Other debts (+€241,100)
- Current investments -€450,000
down €450,000 (-60.0%), from €750,000 to €300,000
- Tangible fixed assets -€27,088
down €27,088 (-3.9%), from €688,595 to €661,507
of which Land and buildings: -€15,972
- Other debts +€241,100
up €241,100 (+385.0%), from €62,618 to €303,718
- Reserves -€71,124
down €71,124 (-8.0%), from €889,941 to €818,817
of which Distributable reserves: -€63,000
- Debts after one year -€30,798
down €30,798 (-7.9%), from €392,144 to €361,346
- Tax, wage and social debts +€25,132
up €25,132 (+19.2%), from €130,776 to €155,909
of which Remuneration and social security: +€14,697
- Gross operating margin +€192,420
up €192,420 (+33.3%), from €577,423 to €769,843
- Staff costs +€115,068
up €115,068 (+54.3%), from €211,854 to €326,922
- Write-downs +€27,494
up €27,494, from -€195 to €27,299
- Depreciation +€24,016
up €24,016 (+52.9%), from €45,429 to €69,445
- Taxes +€14,021
up €14,021 (+14.1%), from €99,701 to €113,722
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 | €1,759,871 | €1,909,520 | +€149,649 | +8.5% |
| Fixed assets | 21/28 | €699,275 | €669,687 | -€29,588 | -4.2% |
| Intangible fixed assets | 21 | €10,630 | €8,130 | -€2,500 | -23.5% |
| Tangible fixed assets | 22/27 | €688,595 | €661,507 | -€27,088 | -3.9% |
| Land and buildings | 22 | €606,243 | €590,271 | -€15,972 | -2.6% |
| Furniture and vehicles | 24 | €82,353 | €71,237 | -€11,116 | -13.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,060,596 | €1,239,834 | +€179,237 | +16.9% |
| Stocks and contracts in progress | 3 | €21,090 | €18,629 | -€2,461 | -11.7% |
| Stocks | 30/36 | €21,090 | €18,629 | -€2,461 | -11.7% |
| Amounts receivable within one year | 40/41 | €79,785 | €72,537 | -€7,249 | -9.1% |
| Trade receivables | 40 | €78,571 | €72,537 | -€6,035 | -7.7% |
| Other amounts receivable | 41 | €1,214 | - | -€1,214 | |
| Current investments | 50/53 | €750,000 | €300,000 | -€450,000 | -60.0% |
| Cash at bank and in hand | 54/58 | €188,420 | €843,272 | +€654,851 | +347.5% |
| Deferred charges and accrued income | 490/1 | €21,300 | €5,396 | -€15,904 | -74.7% |
| Total equity and liabilities | 10/49 | €1,759,871 | €1,909,520 | +€149,649 | +8.5% |
| Equity | 10/15 | €1,034,537 | €966,283 | -€68,254 | -6.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €889,941 | €818,817 | -€71,124 | -8.0% |
| Tax-exempt reserves | 132 | €122,073 | €113,950 | -€8,124 | -6.7% |
| Distributable reserves | 133 | €767,867 | €704,867 | -€63,000 | -8.2% |
| Profit (loss) carried forward | 14 | €126,005 | €128,874 | +€2,870 | +2.3% |
| Provisions and deferred taxes | 16 | €40,691 | €37,983 | -€2,708 | -6.7% |
| Deferred taxes | 168 | €40,691 | €37,983 | -€2,708 | -6.7% |
| Amounts payable | 17/49 | €684,643 | €905,254 | +€220,611 | +32.2% |
| Amounts payable after more than one year | 17 | €392,144 | €361,346 | -€30,798 | -7.9% |
| Financial debts | 170/4 | €392,144 | €361,346 | -€30,798 | -7.9% |
| Amounts payable within one year | 42/48 | €292,499 | €543,908 | +€251,408 | +86.0% |
| Current portion of amounts payable after more than one year | 42 | €34,028 | €30,798 | -€3,231 | -9.5% |
| Trade debts | 44 | €45,244 | €50,127 | +€4,883 | +10.8% |
| Suppliers | 440/4 | €45,244 | €50,127 | +€4,883 | +10.8% |
| Advances received on contracts in progress | 46 | €19,833 | €3,356 | -€16,477 | -83.1% |
| Taxes, remuneration and social security | 45 | €130,776 | €155,909 | +€25,132 | +19.2% |
| Taxes | 450/3 | €102,394 | €112,830 | +€10,436 | +10.2% |
| Remuneration and social security | 454/9 | €28,383 | €43,079 | +€14,697 | +51.8% |
| Other amounts payable | 47/48 | €62,618 | €303,718 | +€241,100 | +385.0% |
| Non-recurring operating income | 76A | €7,446 | €8,127 | +€682 | +9.2% |
| Remuneration, social security and pensions | 62 | €211,854 | €326,922 | +€115,068 | +54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,429 | €69,445 | +€24,016 | +52.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€195 | €27,299 | +€27,494 | |
| Other operating charges | 640/8 | €4,644 | €6,804 | +€2,161 | +46.5% |
| Non-recurring operating charges | 66A | €622 | €884 | +€262 | +42.1% |
| Gross operating margin | 9900 | €577,423 | €769,843 | +€192,420 | +33.3% |
| Operating profit (loss) | 9901 | €315,070 | €338,490 | +€23,420 | +7.4% |
| Financial income | 75/76B | €26,059 | €20,274 | -€5,785 | -22.2% |
| Recurring financial income | 75 | €26,059 | €20,274 | -€5,785 | -22.2% |
| Financial charges | 65/66B | €7,473 | €13,003 | +€5,530 | +74.0% |
| Recurring financial charges | 65 | €7,473 | €13,003 | +€5,530 | +74.0% |
| Profit (loss) for the period before taxes | 9903 | €333,656 | €345,761 | +€12,105 | +3.6% |
| Transfer from deferred taxes | 780 | €1,344 | €2,708 | +€1,364 | +101.4% |
| Income taxes | 67/77 | €99,701 | €113,722 | +€14,021 | +14.1% |
| Profit (loss) for the period | 9904 | €235,299 | €234,746 | -€553 | -0.2% |
| Transfer from tax-exempt reserves | 789 | €4,033 | €8,124 | +€4,091 | +101.4% |
| Profit (loss) for the period to be appropriated | 9905 | €239,332 | €242,870 | +€3,538 | +1.5% |
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.