ECOMAR: 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.
ECOMAR
Largest movements
- Stocks and contracts +€585,768
up €585,768 (+402%), from €145,664 to €731,432
- Cash -€384,588
down €384,588 (-59.1%), from €651,098 to €266,510
mainly Stocks and contracts (-€585,768) and Other debts (-€168,292)
- Receivables within one year -€334,034
down €334,034 (-50.3%), from €664,238 to €330,203
of which Trade receivables: -€341,666
- Tangible fixed assets -€74,934
down €74,934 (-79.0%), from €94,812 to €19,879
of which Land and buildings: -€62,735
- Other debts -€168,292
down €168,292 (-97.2%), from €173,101 to €4,809
- Reserves +€162,544
up €162,544 (+74.7%), from €217,500 to €380,044
- Trade debts -€92,864
down €92,864 (-22.7%), from €409,213 to €316,350
- Provisions -€45,446
down €45,446 (-100%), from €45,446 to €0
- Accrued charges and deferred income +€38,735
up €38,735 (+981%), from €3,948 to €42,682
- Gross operating margin -€438,664
down €438,664 (-40.5%), from €1.1m to €645,508
- Taxes -€105,383
down €105,383 (-57.3%), from €184,020 to €78,637
- Staff costs +€55,759
up €55,759 (+16.7%), from €333,491 to €389,250
- Provisions -€45,446
down €45,446, from €0 to -€45,446
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 | €1,566,740 | €1,360,603 | -€206,137 | -13.2% |
| Fixed assets | 21/28 | €95,340 | €19,879 | -€75,461 | -79.1% |
| Intangible fixed assets | 21 | €528 | €0 | -€528 | -100% |
| Tangible fixed assets | 22/27 | €94,812 | €19,879 | -€74,934 | -79.0% |
| Land and buildings | 22 | €62,735 | €0 | -€62,735 | -100% |
| Plant, machinery and equipment | 23 | €8,171 | €6,231 | -€1,940 | -23.7% |
| Furniture and vehicles | 24 | €23,907 | €13,647 | -€10,259 | -42.9% |
| Current assets | 29/58 | €1,471,400 | €1,340,725 | -€130,675 | -8.9% |
| Stocks and contracts in progress | 3 | €145,664 | €731,432 | +€585,768 | +402% |
| Stocks | 30/36 | €145,664 | €731,432 | +€585,768 | +402% |
| Amounts receivable within one year | 40/41 | €664,238 | €330,203 | -€334,034 | -50.3% |
| Trade receivables | 40 | €603,103 | €261,436 | -€341,666 | -56.7% |
| Other amounts receivable | 41 | €61,135 | €68,767 | +€7,632 | +12.5% |
| Cash at bank and in hand | 54/58 | €651,098 | €266,510 | -€384,588 | -59.1% |
| Deferred charges and accrued income | 490/1 | €10,401 | €12,579 | +€2,179 | +20.9% |
| Total equity and liabilities | 10/49 | €1,566,740 | €1,360,603 | -€206,137 | -13.2% |
| Equity | 10/15 | €751,562 | €896,314 | +€144,751 | +19.3% |
| Contributions | 10/11 | €61,973 | €61,500 | -€473 | -0.8% |
| Capital | 10 | €61,973 | €61,500 | -€473 | -0.8% |
| Issued capital | 100 | €61,973 | €61,500 | -€473 | -0.8% |
| Reserves | 13 | €217,500 | €380,044 | +€162,544 | +74.7% |
| Distributable reserves | 133 | €217,500 | €380,044 | +€162,544 | +74.7% |
| Profit (loss) carried forward | 14 | €472,089 | €454,770 | -€17,319 | -3.7% |
| Investment grants | 15 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €45,446 | €0 | -€45,446 | -100% |
| Provisions for liabilities and charges | 160/5 | €45,446 | €0 | -€45,446 | -100% |
| Other liabilities and charges | 164/5 | €45,446 | €0 | -€45,446 | -100% |
| Amounts payable | 17/49 | €769,732 | €464,290 | -€305,442 | -39.7% |
| Amounts payable after more than one year | 17 | €38,465 | €4,199 | -€34,265 | -89.1% |
| Financial debts | 170/4 | €38,465 | €4,199 | -€34,265 | -89.1% |
| Amounts payable within one year | 42/48 | €727,320 | €417,408 | -€309,912 | -42.6% |
| Current portion of amounts payable after more than one year | 42 | €45,555 | €9,962 | -€35,592 | -78.1% |
| Trade debts | 44 | €409,213 | €316,350 | -€92,864 | -22.7% |
| Suppliers | 440/4 | €409,213 | €316,350 | -€92,864 | -22.7% |
| Taxes, remuneration and social security | 45 | €99,451 | €86,287 | -€13,164 | -13.2% |
| Taxes | 450/3 | €61,576 | €41,661 | -€19,914 | -32.3% |
| Remuneration and social security | 454/9 | €37,876 | €44,626 | +€6,750 | +17.8% |
| Other amounts payable | 47/48 | €173,101 | €4,809 | -€168,292 | -97.2% |
| Accrued charges and deferred income | 492/3 | €3,948 | €42,682 | +€38,735 | +981% |
| Non-recurring operating income | 76A | €21,107 | €1,941 | -€19,165 | -90.8% |
| Remuneration, social security and pensions | 62 | €333,491 | €389,250 | +€55,759 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,128 | €27,598 | -€9,530 | -25.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | -€45,446 | -€45,446 | |
| Other operating charges | 640/8 | €8,442 | €17,504 | +€9,062 | +107% |
| Non-recurring operating charges | 66A | €0 | €3,112 | +€3,112 | |
| Gross operating margin | 9900 | €1,084,172 | €645,508 | -€438,664 | -40.5% |
| Operating profit (loss) | 9901 | €705,111 | €253,489 | -€451,622 | -64.0% |
| Financial income | 75/76B | €362 | €1,034 | +€672 | +186% |
| Recurring financial income | 75 | €362 | €1,034 | +€672 | +186% |
| Financial charges | 65/66B | €4,299 | €4,666 | +€366 | +8.5% |
| Recurring financial charges | 65 | €4,299 | €4,666 | +€366 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €701,174 | €249,858 | -€451,316 | -64.4% |
| Income taxes | 67/77 | €184,020 | €78,637 | -€105,383 | -57.3% |
| Profit (loss) for the period | 9904 | €517,154 | €171,221 | -€345,933 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €517,154 | €171,221 | -€345,933 | -66.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.