ECOLINE: 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
ECOLINE
NACE 46.442, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €1.8m+€115,240
Equity
€10.3m
2024 · €10.2m+€55,364
Cash
€1.0m
2024 · €952,105+€95,863
Balance sheet total
€14.5m
2024 · €13.2m+€1.3m
Largest movements
Assets
- Stocks and contracts +€1.1m
up €1.1m (+15.2%), from €7.3m to €8.4m
- Receivables within one year +€320,816
up €320,816 (+10.0%), from €3.2m to €3.5m
of which Other amounts receivable: +€201,543
- Financial fixed assets -€236,945
down €236,945 (-20.5%), from €1.2m to €919,344
Equity and liabilities
- Other debts +€900,000
up €900,000 (+90.0%), from €1.0m to €1.9m
- Trade debts +€848,451
up €848,451 (+94.6%), from €896,610 to €1.7m
- Short-term financial debts -€400,000
down €400,000 (-100.0%), from €400,000 to €0
Income statement
- Turnover +€1.1m
up €1.1m (+4.2%), from €26.2m to €27.3m
- Goods and materials -€662,391
down €662,391 (-3.2%), from €20.4m to €19.8m
of which Change in stocks: decrease (increase): -€1.6m
- Services and other goods +€576,014
up €576,014 (+18.6%), from €3.1m to €3.7m
- Write-downs +€546,493
up €546,493, from -€162,299 to €384,194
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
€1.8m
Turnover
+€1.1m
Other operating income
+€35,234
Goods and materials
+€662,391
Services and other goods
-€576,014
Staff costs
-€87,488
Depreciation
-€36,686
Write-downs
-€546,493
Other operating charges
-€7,049
Other operating items
-€376,626
Financial income
+€46,647
Financial charges
-€73,169
Taxes
-€38,411
Result 2025
€2.0m
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.
From operations
+€2.4m
Investment
+€119,939
Financing
-€2.4m
Cash 2024
€952,105
From operations (derived)
+€2.4m
Net result for the year
+€2.0m
Depreciation
+€141,798
Stocks and contracts
-€1.1m
Receivables within one year
-€320,816
Smaller working-capital items
+€6,844
Trade debts
+€848,451
Tax, wage and social debts
-€40,218
Other debts
+€900,000
Investment (derived)
+€119,939
Investment in fixed assets (net)
+€119,939
Financing
-€2.4m
Debts after one year
-€111,665
Current portion of long-term debt
+€3,918
Short-term financial debts
-€400,000
Contributions, distributions and other
-€1.9m
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,209,377 | €14,468,042 | +€1.3m | +9.5% |
| Fixed assets | 21/28 | €1,738,345 | €1,476,607 | -€261,738 | -15.1% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -100.0% |
| Tangible fixed assets | 22/27 | €582,056 | €557,263 | -€24,792 | -4.3% |
| Plant, machinery and equipment | 23 | €23,257 | €16,841 | -€6,417 | -27.6% |
| Furniture and vehicles | 24 | €22,887 | €118,891 | +€96,004 | +419.5% |
| Leasing and similar rights | 25 | €535,911 | €421,531 | -€114,380 | -21.3% |
| Financial fixed assets | 28 | €1,156,289 | €919,344 | -€236,945 | -20.5% |
| Affiliated companies | 280/1 | €1,156,289 | €919,344 | -€236,945 | -20.5% |
| Amounts receivable | 281 | €1,156,289 | €919,344 | -€236,945 | -20.5% |
| Current assets | 29/58 | €11,471,032 | €12,991,435 | +€1.5m | +13.3% |
| Stocks and contracts in progress | 3 | €7,280,101 | €8,387,853 | +€1.1m | +15.2% |
| Stocks | 30/36 | €7,280,101 | €8,387,853 | +€1.1m | +15.2% |
| Raw materials and consumables | 30/31 | €3,267,151 | €4,203,762 | +€936,611 | +28.7% |
| Finished goods | 33 | €3,001,285 | €2,666,278 | -€335,006 | -11.2% |
| Goods purchased for resale | 34 | €1,011,665 | €1,517,813 | +€506,148 | +50.0% |
| Amounts receivable within one year | 40/41 | €3,206,565 | €3,527,381 | +€320,816 | +10.0% |
| Trade receivables | 40 | €3,097,606 | €3,216,879 | +€119,273 | +3.9% |
| Other amounts receivable | 41 | €108,959 | €310,502 | +€201,543 | +185.0% |
| Cash at bank and in hand | 54/58 | €952,105 | €1,047,969 | +€95,863 | +10.1% |
| Deferred charges and accrued income | 490/1 | €32,262 | €28,232 | -€4,030 | -12.5% |
| Total equity and liabilities | 10/49 | €13,209,377 | €14,468,042 | +€1.3m | +9.5% |
| Equity | 10/15 | €10,227,702 | €10,283,067 | +€55,364 | +0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €10,165,702 | €10,221,067 | +€55,364 | +0.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,500 | €8,500 | = | 0.0% |
| Distributable reserves | 133 | €10,151,002 | €10,206,367 | +€55,364 | +0.5% |
| Amounts payable | 17/49 | €2,981,674 | €4,184,975 | +€1.2m | +40.4% |
| Amounts payable after more than one year | 17 | €425,707 | €314,043 | -€111,665 | -26.2% |
| Financial debts | 170/4 | €425,707 | €314,043 | -€111,665 | -26.2% |
| Leasing and similar obligations | 172 | €425,707 | €314,043 | -€111,665 | -26.2% |
| Amounts payable within one year | 42/48 | €2,536,384 | €3,848,534 | +€1.3m | +51.7% |
| Current portion of amounts payable after more than one year | 42 | €107,747 | €111,665 | +€3,918 | +3.6% |
| Financial debts | 43 | €400,000 | €0 | -€400,000 | -100.0% |
| Credit institutions | 430/8 | €400,000 | €0 | -€400,000 | -100.0% |
| Trade debts | 44 | €896,610 | €1,745,061 | +€848,451 | +94.6% |
| Suppliers | 440/4 | €896,610 | €1,745,061 | +€848,451 | +94.6% |
| Taxes, remuneration and social security | 45 | €132,027 | €91,809 | -€40,218 | -30.5% |
| Taxes | 450/3 | €31,387 | €3,848 | -€27,539 | -87.7% |
| Remuneration and social security | 454/9 | €100,640 | €87,961 | -€12,679 | -12.6% |
| Other amounts payable | 47/48 | €1,000,000 | €1,900,000 | +€900,000 | +90.0% |
| Accrued charges and deferred income | 492/3 | €19,584 | €22,398 | +€2,814 | +14.4% |
| Operating income | 70/76A | €26,859,919 | €27,633,830 | +€773,911 | +2.9% |
| Turnover | 70 | €26,207,298 | €27,320,201 | +€1.1m | +4.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €127,855 | -€246,371 | -€374,226 | |
| Other operating income | 74 | €524,765 | €560,000 | +€35,234 | +6.7% |
| Operating charges | 60/66A | €24,392,178 | €24,985,917 | +€593,739 | +2.4% |
| Goods for resale, raw materials and consumables | 60 | €20,429,930 | €19,767,540 | -€662,391 | -3.2% |
| Purchases | 600/8 | €20,492,226 | €21,441,834 | +€949,608 | +4.6% |
| Change in stocks: decrease (increase) | 609 | -€62,295 | -€1,674,294 | -€1.6m | -2587.7% |
| Services and other goods | 61 | €3,092,506 | €3,668,519 | +€576,014 | +18.6% |
| Remuneration, social security and pensions | 62 | €923,181 | €1,010,669 | +€87,488 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,112 | €141,798 | +€36,686 | +34.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€162,299 | €384,194 | +€546,493 | |
| Other operating charges | 640/8 | €3,748 | €10,797 | +€7,049 | +188.1% |
| Non-recurring operating charges | 66A | - | €2,400 | +€2,400 | |
| Operating profit (loss) | 9901 | €2,467,740 | €2,647,912 | +€180,172 | +7.3% |
| Financial income | 75/76B | €116,179 | €162,826 | +€46,647 | +40.2% |
| Recurring financial income | 75 | €116,179 | €162,826 | +€46,647 | +40.2% |
| Income from current assets | 751 | €6,447 | €23,318 | +€16,871 | +261.7% |
| Other financial income | 752/9 | €109,732 | €139,508 | +€29,776 | +27.1% |
| Financial charges | 65/66B | €114,644 | €187,813 | +€73,169 | +63.8% |
| Recurring financial charges | 65 | €114,644 | €187,813 | +€73,169 | +63.8% |
| Debt charges | 650 | €13,071 | €19,052 | +€5,981 | +45.8% |
| Other financial charges | 652/9 | €101,574 | €168,761 | +€67,187 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | €2,469,275 | €2,622,926 | +€153,651 | +6.2% |
| Income taxes | 67/77 | €629,150 | €667,561 | +€38,411 | +6.1% |
| Taxes | 670/3 | €629,150 | €667,561 | +€38,411 | +6.1% |
| Profit (loss) for the period | 9904 | €1,840,124 | €1,955,364 | +€115,240 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,840,124 | €1,955,364 | +€115,240 | +6.3% |
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.