ECOMAL Belgium: 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.
What changed
ECOMAL Belgium
NACE 46.643, Wholesale of electrical equipment, including installation materials
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€324,956
2024 · €380,057-€55,101
Equity
€8.0m
2024 · €7.7m+€324,956
Cash
€2.2m
2024 · €7.0m-€4.8m
Balance sheet total
€8.7m
2024 · €8.3m+€384,051
Largest movements
Assets
- Receivables after one year +€5.3m
new in 2025: €5.3m
- Cash -€4.8m
down €4.8m (-69.1%), from €7.0m to €2.2m
mainly Receivables after one year (-€5.3m) and Investment in fixed assets (net) (-€940)
Equity and liabilities
- Profit (loss) carried forward +€324,956
up €324,956 (+4.3%), from €7.5m to €7.9m
Income statement
- Turnover -€571,349
down €571,349 (-11.9%), from €4.8m to €4.2m
- Gross operating margin -€83,718
down €83,718 (-12.9%), from €648,910 to €565,192
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
€380,057
Gross operating margin
-€83,718
Staff costs
-€9,251
Depreciation
+€331
Write-downs
-€534
Other operating charges
-€102
Financial income
+€22,745
Financial charges
-€3,221
Taxes
+€18,649
Result 2025
€324,956
raises the resultlowers the result
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.
From operations
-€4.8m
Investment
-€940
Financing
€0
Cash 2024
€7.0m
From operations (derived)
-€4.8m
Net result for the year
+€324,956
Depreciation
+€692
Receivables after one year
-€5.3m
Receivables within one year
+€81,298
Smaller working-capital items
+€5,579
Trade debts
+€52,825
Investment (derived)
-€940
Investment in fixed assets (net)
-€940
Cash 2025
€2.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,279,941 | €8,663,992 | +€384,051 | +4.6% |
| Fixed assets | 21/28 | €773 | €1,021 | +€248 | +32.1% |
| Tangible fixed assets | 22/27 | €773 | €1,021 | +€248 | +32.1% |
| Furniture and vehicles | 24 | €773 | €1,021 | +€248 | +32.1% |
| Current assets | 29/58 | €8,279,168 | €8,662,971 | +€383,803 | +4.6% |
| Amounts receivable after more than one year | 29 | - | €5,300,000 | +€5.3m | |
| Other amounts receivable | 291 | - | €5,300,000 | +€5.3m | |
| Amounts receivable within one year | 40/41 | €1,262,663 | €1,181,365 | -€81,298 | -6.4% |
| Trade receivables | 40 | €1,262,658 | €1,181,360 | -€81,298 | -6.4% |
| Other amounts receivable | 41 | €5 | €5 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,997,288 | €2,161,698 | -€4.8m | -69.1% |
| Deferred charges and accrued income | 490/1 | €19,217 | €19,908 | +€691 | +3.6% |
| Total equity and liabilities | 10/49 | €8,279,941 | €8,663,992 | +€384,051 | +4.6% |
| Equity | 10/15 | €7,683,613 | €8,008,569 | +€324,956 | +4.2% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €12,395 | €12,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,547,271 | €7,872,227 | +€324,956 | +4.3% |
| Amounts payable | 17/49 | €596,328 | €655,423 | +€59,095 | +9.9% |
| Amounts payable within one year | 42/48 | €587,725 | €648,264 | +€60,539 | +10.3% |
| Trade debts | 44 | €482,756 | €535,581 | +€52,825 | +10.9% |
| Suppliers | 440/4 | €482,756 | €535,581 | +€52,825 | +10.9% |
| Taxes, remuneration and social security | 45 | €104,969 | €112,683 | +€7,714 | +7.3% |
| Remuneration and social security | 454/9 | €104,969 | €112,683 | +€7,714 | +7.3% |
| Accrued charges and deferred income | 492/3 | €8,603 | €7,159 | -€1,444 | -16.8% |
| Turnover | 70 | €4,798,474 | €4,227,125 | -€571,349 | -11.9% |
| Remuneration, social security and pensions | 62 | €341,609 | €350,860 | +€9,251 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,023 | €692 | -€331 | -32.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €398 | €932 | +€534 | +134% |
| Other operating charges | 640/8 | €1,013 | €1,115 | +€102 | +10.1% |
| Gross operating margin | 9900 | €648,910 | €565,192 | -€83,718 | -12.9% |
| Operating profit (loss) | 9901 | €304,867 | €211,593 | -€93,274 | -30.6% |
| Financial income | 75/76B | €218,254 | €240,999 | +€22,745 | +10.4% |
| Recurring financial income | 75 | €218,254 | €240,999 | +€22,745 | +10.4% |
| Financial charges | 65/66B | €9,294 | €12,515 | +€3,221 | +34.7% |
| Recurring financial charges | 65 | €9,294 | €12,515 | +€3,221 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | €513,827 | €440,077 | -€73,750 | -14.4% |
| Income taxes | 67/77 | €133,770 | €115,121 | -€18,649 | -13.9% |
| Profit (loss) for the period | 9904 | €380,057 | €324,956 | -€55,101 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €380,057 | €324,956 | -€55,101 | -14.5% |
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 28 October 2026 via checked.be.