EcoMail: 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
EcoMail
NACE 47.120, Other non-specialised retail sale
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€97,152
2024 · €31,686+€65,466
Equity
€712,441
2024 · €623,028+€89,413
Cash
€160,596
2024 · €441,949-€281,353
Balance sheet total
€2.0m
2024 · €1.9m+€53,441
Largest movements
Assets
- Current investments +€350,000
new in 2025: €350,000
- Cash -€281,353
down €281,353 (-63.7%), from €441,949 to €160,596
mainly Current investments (-€350,000) and Debts after one year (-€90,282)
- Tangible fixed assets -€98,585
down €98,585 (-10.6%), from €933,413 to €834,828
of which Land and buildings: -€65,125
- Stocks and contracts +€84,436
up €84,436 (+20.6%), from €410,636 to €495,072
Equity and liabilities
- Profit (loss) carried forward +€97,153
up €97,153 (+21.1%), from €461,370 to €558,523
- Debts after one year -€90,282
down €90,282 (-8.8%), from €1.0m to €930,884
- Tax, wage and social debts +€23,372
up €23,372 (+75.1%), from €31,129 to €54,501
of which Remuneration and social security: +€27,275
Income statement
- Gross operating margin +€224,973
up €224,973 (+53.3%), from €421,693 to €646,666
- Staff costs +€129,237
up €129,237 (+51.6%), from €250,646 to €379,883
- Taxes +€23,228
up €23,228 (+251.3%), from €9,243 to €32,471
- Write-downs +€11,575
up €11,575 (+90.2%), from -€12,836 to -€1,261
- Depreciation -€10,342
down €10,342 (-7.8%), from €133,201 to €122,859
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
€31,686
Gross operating margin
+€224,973
Staff costs
-€129,237
Depreciation
+€10,342
Write-downs
-€11,575
Other operating charges
-€8,131
Financial income
+€1,049
Financial charges
+€1,559
Taxes
-€23,228
Deferred taxes and other
-€286
Result 2025
€97,152
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
+€194,726
Investment
-€386,783
Financing
-€89,296
Cash 2024
€441,949
From operations (derived)
+€194,726
Net result for the year
+€97,152
Depreciation
+€122,859
Stocks and contracts
-€84,436
Receivables within one year
+€13,069
Smaller working-capital items
-€167
Provisions
-€2,575
Trade debts
+€18,704
Tax, wage and social debts
+€23,372
Accrued charges and deferred income
+€6,748
Investment (derived)
-€386,783
Investment in fixed assets (net)
-€36,783
Current investments
-€350,000
Financing
-€89,296
Debts after one year
-€90,282
Current portion of long-term debt
+€8,725
Contributions, distributions and other
-€7,739
Cash 2025
€160,596
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,935,452 | €1,988,893 | +€53,441 | +2.8% |
| Fixed assets | 21/28 | €970,199 | €884,123 | -€86,076 | -8.9% |
| Intangible fixed assets | 21 | €36,118 | €48,627 | +€12,509 | +34.6% |
| Tangible fixed assets | 22/27 | €933,413 | €834,828 | -€98,585 | -10.6% |
| Land and buildings | 22 | €772,169 | €707,044 | -€65,125 | -8.4% |
| Plant, machinery and equipment | 23 | €71,244 | €59,612 | -€11,632 | -16.3% |
| Furniture and vehicles | 24 | €1,272 | €927 | -€345 | -27.1% |
| Other tangible fixed assets | 26 | €87,080 | €66,597 | -€20,483 | -23.5% |
| Assets under construction and advance payments | 27 | €1,648 | €648 | -€1,000 | -60.7% |
| Financial fixed assets | 28 | €668 | €668 | = | 0.0% |
| Current assets | 29/58 | €965,253 | €1,104,770 | +€139,517 | +14.5% |
| Stocks and contracts in progress | 3 | €410,636 | €495,072 | +€84,436 | +20.6% |
| Stocks | 30/36 | €410,636 | €495,072 | +€84,436 | +20.6% |
| Amounts receivable within one year | 40/41 | €78,845 | €65,776 | -€13,069 | -16.6% |
| Trade receivables | 40 | €69,735 | €63,513 | -€6,222 | -8.9% |
| Other amounts receivable | 41 | €9,110 | €2,263 | -€6,847 | -75.2% |
| Current investments | 50/53 | - | €350,000 | +€350,000 | |
| Cash at bank and in hand | 54/58 | €441,949 | €160,596 | -€281,353 | -63.7% |
| Deferred charges and accrued income | 490/1 | €33,823 | €33,326 | -€497 | -1.5% |
| Total equity and liabilities | 10/49 | €1,935,452 | €1,988,893 | +€53,441 | +2.8% |
| Equity | 10/15 | €623,028 | €712,441 | +€89,413 | +14.4% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €58,479 | €58,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €56,000 | €56,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €461,370 | €558,523 | +€97,153 | +21.1% |
| Investment grants | 15 | €78,390 | €70,650 | -€7,740 | -9.9% |
| Provisions and deferred taxes | 16 | €25,751 | €23,176 | -€2,575 | -10.0% |
| Deferred taxes | 168 | €25,751 | €23,176 | -€2,575 | -10.0% |
| Amounts payable | 17/49 | €1,286,673 | €1,253,276 | -€33,397 | -2.6% |
| Amounts payable after more than one year | 17 | €1,021,166 | €930,884 | -€90,282 | -8.8% |
| Financial debts | 170/4 | €1,021,166 | €930,884 | -€90,282 | -8.8% |
| Amounts payable within one year | 42/48 | €261,464 | €311,601 | +€50,137 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €109,264 | €117,989 | +€8,725 | +8.0% |
| Trade debts | 44 | €119,192 | €137,896 | +€18,704 | +15.7% |
| Suppliers | 440/4 | €119,192 | €137,896 | +€18,704 | +15.7% |
| Advances received on contracts in progress | 46 | €19 | €45 | +€26 | +136.8% |
| Taxes, remuneration and social security | 45 | €31,129 | €54,501 | +€23,372 | +75.1% |
| Taxes | 450/3 | €10,822 | €6,919 | -€3,903 | -36.1% |
| Remuneration and social security | 454/9 | €20,307 | €47,582 | +€27,275 | +134.3% |
| Other amounts payable | 47/48 | €1,860 | €1,170 | -€690 | -37.1% |
| Accrued charges and deferred income | 492/3 | €4,043 | €10,791 | +€6,748 | +166.9% |
| Remuneration, social security and pensions | 62 | €250,646 | €379,883 | +€129,237 | +51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,201 | €122,859 | -€10,342 | -7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,836 | -€1,261 | +€11,575 | +90.2% |
| Other operating charges | 640/8 | €1,340 | €9,471 | +€8,131 | +606.8% |
| Gross operating margin | 9900 | €421,693 | €646,666 | +€224,973 | +53.3% |
| Operating profit (loss) | 9901 | €49,342 | €135,714 | +€86,372 | +175.0% |
| Financial income | 75/76B | €12,543 | €13,592 | +€1,049 | +8.4% |
| Recurring financial income | 75 | €12,543 | €13,592 | +€1,049 | +8.4% |
| Non-recurring financial income | 76B | €12,543 | €13,592 | +€1,049 | +8.4% |
| Financial charges | 65/66B | €23,817 | €22,258 | -€1,559 | -6.5% |
| Recurring financial charges | 65 | €23,817 | €22,258 | -€1,559 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €38,068 | €127,048 | +€88,980 | +233.7% |
| Transfer from deferred taxes | 780 | €2,861 | €2,575 | -€286 | -10.0% |
| Income taxes | 67/77 | €9,243 | €32,471 | +€23,228 | +251.3% |
| Profit (loss) for the period | 9904 | €31,686 | €97,152 | +€65,466 | +206.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,686 | €97,152 | +€65,466 | +206.6% |
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 29 September 2026 via checked.be.