ECOLOGIC HEATING: 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.
ECOLOGIC HEATING
Largest movements
- Tangible fixed assets -€12,962
down €12,962 (-29.8%), from €43,507 to €30,545
of which Leasing and similar rights: -€12,639
- Cash +€8,776
up €8,776 (+19.5%), from €44,962 to €53,738
mainly Depreciation (+€12,962) and Net result for the year (+€7,298)
- Receivables within one year +€1,794
up €1,794 (+6.9%), from €25,916 to €27,710
of which Other amounts receivable: +€2,106
- Debts after one year -€11,812
down €11,812 (-32.7%), from €36,125 to €24,313
- Reserves +€7,250
up €7,250 (+23.2%), from €31,266 to €38,516
- Trade debts +€1,310
up €1,310 (+44.1%), from €2,970 to €4,281
- Gross operating margin -€16,362
down €16,362 (-35.7%), from €45,782 to €29,420
- Taxes -€3,579
down €3,579 (-44.9%), from €7,973 to €4,394
- Depreciation -€912
down €912 (-6.6%), from €13,875 to €12,962
- Financial charges -€894
down €894 (-27.7%), from €3,222 to €2,328
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 | €119,882 | €117,557 | -€2,325 | -1.9% |
| Fixed assets | 21/28 | €43,507 | €30,545 | -€12,962 | -29.8% |
| Tangible fixed assets | 22/27 | €43,507 | €30,545 | -€12,962 | -29.8% |
| Plant, machinery and equipment | 23 | €300 | - | -€300 | |
| Furniture and vehicles | 24 | €23 | - | -€23 | |
| Leasing and similar rights | 25 | €43,184 | €30,545 | -€12,639 | -29.3% |
| Current assets | 29/58 | €76,375 | €87,012 | +€10,637 | +13.9% |
| Stocks and contracts in progress | 3 | €5,350 | €5,432 | +€82 | +1.5% |
| Stocks | 30/36 | €5,350 | €5,432 | +€82 | +1.5% |
| Amounts receivable within one year | 40/41 | €25,916 | €27,710 | +€1,794 | +6.9% |
| Trade receivables | 40 | €25,916 | €25,604 | -€312 | -1.2% |
| Other amounts receivable | 41 | - | €2,106 | +€2,106 | |
| Cash at bank and in hand | 54/58 | €44,962 | €53,738 | +€8,776 | +19.5% |
| Deferred charges and accrued income | 490/1 | €148 | €133 | -€16 | -10.5% |
| Total equity and liabilities | 10/49 | €119,882 | €117,557 | -€2,325 | -1.9% |
| Equity | 10/15 | €62,449 | €69,748 | +€7,298 | +11.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,266 | €38,516 | +€7,250 | +23.2% |
| Distributable reserves | 133 | €31,266 | €38,516 | +€7,250 | +23.2% |
| Profit (loss) carried forward | 14 | €18,784 | €18,832 | +€48 | +0.3% |
| Amounts payable | 17/49 | €57,433 | €47,809 | -€9,624 | -16.8% |
| Amounts payable after more than one year | 17 | €36,125 | €24,313 | -€11,812 | -32.7% |
| Financial debts | 170/4 | €36,125 | €24,313 | -€11,812 | -32.7% |
| Amounts payable within one year | 42/48 | €21,308 | €23,496 | +€2,188 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €10,087 | €11,013 | +€926 | +9.2% |
| Trade debts | 44 | €2,970 | €4,281 | +€1,310 | +44.1% |
| Suppliers | 440/4 | €2,970 | €4,281 | +€1,310 | +44.1% |
| Taxes, remuneration and social security | 45 | €8,135 | €7,287 | -€848 | -10.4% |
| Taxes | 450/3 | €8,135 | €7,181 | -€955 | -11.7% |
| Remuneration and social security | 454/9 | - | €107 | +€107 | |
| Other amounts payable | 47/48 | €115 | €915 | +€800 | +696.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,875 | €12,962 | -€912 | -6.6% |
| Other operating charges | 640/8 | €2,618 | €2,438 | -€180 | -6.9% |
| Gross operating margin | 9900 | €45,782 | €29,420 | -€16,362 | -35.7% |
| Operating profit (loss) | 9901 | €29,289 | €14,019 | -€15,270 | -52.1% |
| Financial income | 75/76B | €121 | €1 | -€120 | -99.5% |
| Recurring financial income | 75 | €121 | €1 | -€120 | -99.5% |
| Financial charges | 65/66B | €3,222 | €2,328 | -€894 | -27.7% |
| Recurring financial charges | 65 | €3,222 | €2,328 | -€894 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €26,189 | €11,692 | -€14,497 | -55.4% |
| Income taxes | 67/77 | €7,973 | €4,394 | -€3,579 | -44.9% |
| Profit (loss) for the period | 9904 | €18,216 | €7,298 | -€10,917 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,216 | €7,298 | -€10,917 | -59.9% |
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 7 October 2026 via checked.be.