ECOLMA: 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.
ECOLMA
Largest movements
- Current investments +€1.1m
up €1.1m (+491%), from €233,356 to €1.4m
- Cash -€326,740
down €326,740 (-75.3%), from €433,731 to €106,991
mainly Current investments (-€1.1m) and Investment in fixed assets (net) (-€30,726)
- Tangible fixed assets -€200,854
down €200,854 (-6.9%), from €2.9m to €2.7m
of which Land and buildings: -€231,580
- Receivables within one year -€183,136
down €183,136 (-83.5%), from €219,255 to €36,119
of which Trade receivables: -€193,637
- Reserves +€500,000
up €500,000 (+23.2%), from €2.2m to €2.7m
of which Distributable reserves: +€500,000
- Profit (loss) carried forward -€65,545
down €65,545 (-95.6%), from €68,581 to €3,036
- Services and other goods -€62,625
down €62,625 (-75.3%), from €83,131 to €20,506
- Other operating income -€46,421
down €46,421 (-24.6%), from €188,837 to €142,416
- Other operating charges -€45,826
down €45,826 (-23.3%), from €196,986 to €151,160
- Taxes +€16,242
up €16,242 (+12.8%), from €127,021 to €143,263
of which Taxes: +€17,920
- Financial income +€13,031
up €13,031 (+381%), from €3,417 to €16,448
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 | €3,785,559 | €4,220,900 | +€435,341 | +11.5% |
| Fixed assets | 21/28 | €2,898,414 | €2,697,560 | -€200,854 | -6.9% |
| Tangible fixed assets | 22/27 | €2,898,414 | €2,697,560 | -€200,854 | -6.9% |
| Land and buildings | 22 | €2,898,414 | €2,666,834 | -€231,580 | -8.0% |
| Assets under construction and advance payments | 27 | - | €30,726 | +€30,726 | |
| Current assets | 29/58 | €887,145 | €1,523,340 | +€636,195 | +71.7% |
| Amounts receivable within one year | 40/41 | €219,255 | €36,119 | -€183,136 | -83.5% |
| Trade receivables | 40 | €193,637 | - | -€193,637 | |
| Other amounts receivable | 41 | €25,618 | €36,119 | +€10,501 | +41.0% |
| Current investments | 50/53 | €233,356 | €1,380,230 | +€1.1m | +491% |
| Other investments | 51/53 | €233,356 | €1,380,230 | +€1.1m | +491% |
| Cash at bank and in hand | 54/58 | €433,731 | €106,991 | -€326,740 | -75.3% |
| Deferred charges and accrued income | 490/1 | €803 | €0 | -€803 | -100% |
| Total equity and liabilities | 10/49 | €3,785,559 | €4,220,900 | +€435,341 | +11.5% |
| Equity | 10/15 | €3,766,209 | €4,200,664 | +€434,455 | +11.5% |
| Contributions | 10/11 | €1,543,298 | €1,543,298 | = | 0.0% |
| Capital | 10 | €1,543,298 | €1,543,298 | = | 0.0% |
| Issued capital | 100 | €1,543,298 | €1,543,298 | = | 0.0% |
| Reserves | 13 | €2,154,330 | €2,654,330 | +€500,000 | +23.2% |
| Non-distributable reserves | 130/1 | €154,330 | €154,330 | = | 0.0% |
| Legal reserve | 130 | €154,330 | €154,330 | = | 0.0% |
| Distributable reserves | 133 | €2,000,000 | €2,500,000 | +€500,000 | +25.0% |
| Profit (loss) carried forward | 14 | €68,581 | €3,036 | -€65,545 | -95.6% |
| Amounts payable | 17/49 | €19,350 | €20,236 | +€886 | +4.6% |
| Amounts payable within one year | 42/48 | €18,510 | €19,629 | +€1,119 | +6.0% |
| Trade debts | 44 | €18,510 | €4,629 | -€13,881 | -75.0% |
| Suppliers | 440/4 | €18,510 | €4,629 | -€13,881 | -75.0% |
| Taxes, remuneration and social security | 45 | - | €15,000 | +€15,000 | |
| Taxes | 450/3 | - | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | €840 | €607 | -€233 | -27.7% |
| Operating income | 70/76A | €1,005,765 | €965,109 | -€40,656 | -4.0% |
| Turnover | 70 | €816,928 | €822,693 | +€5,765 | +0.7% |
| Other operating income | 74 | €188,837 | €142,416 | -€46,421 | -24.6% |
| Operating charges | 60/66A | €507,609 | €403,246 | -€104,363 | -20.6% |
| Services and other goods | 61 | €83,131 | €20,506 | -€62,625 | -75.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,492 | €231,580 | +€4,088 | +1.8% |
| Other operating charges | 640/8 | €196,986 | €151,160 | -€45,826 | -23.3% |
| Operating profit (loss) | 9901 | €498,156 | €561,863 | +€63,707 | +12.8% |
| Financial income | 75/76B | €3,417 | €16,448 | +€13,031 | +381% |
| Recurring financial income | 75 | €3,417 | €16,448 | +€13,031 | +381% |
| Income from current assets | 751 | €3,417 | €16,448 | +€13,031 | +381% |
| Financial charges | 65/66B | €200 | €593 | +€393 | +197% |
| Recurring financial charges | 65 | €200 | €593 | +€393 | +197% |
| Other financial charges | 652/9 | €200 | €593 | +€393 | +197% |
| Profit (loss) for the period before taxes | 9903 | €501,373 | €577,718 | +€76,345 | +15.2% |
| Income taxes | 67/77 | €127,021 | €143,263 | +€16,242 | +12.8% |
| Taxes | 670/3 | €127,025 | €144,945 | +€17,920 | +14.1% |
| Tax adjustments and reversals of tax provisions | 77 | €4 | €1,682 | +€1,678 | +41,950% |
| Profit (loss) for the period | 9904 | €374,352 | €434,455 | +€60,103 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €374,352 | €434,455 | +€60,103 | +16.1% |
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 14 October 2026 via checked.be.