EcoNation: what changed
What changed
EcoNation
NACE 46.474, Wholesale trade
filed annual accounts (NBB)
Net result for the year
-€75,239
2024 · €84,264-€159,504
Equity
-€40,069
2024 · €35,171-€75,239
Cash
€19,400
2024 · €51,059-€31,659
Balance sheet total
€313,796
2024 · €447,713-€133,916
Largest movements
Assets
- Stocks and contracts -€62,011
down €62,011 (-42.1%), from €147,435 to €85,424
of which Contracts in progress: -€47,612
- Receivables within one year -€47,677
down €47,677 (-20.3%), from €235,274 to €187,596
of which Trade receivables: -€36,158
- Cash -€31,659
down €31,659 (-62.0%), from €51,059 to €19,400
mainly Net result for the year (-€75,239) and Trade debts (-€58,694)
- Tangible fixed assets +€8,874
up €8,874 (+136%), from €6,517 to €15,391
of which Furniture and vehicles: +€10,234
Equity and liabilities
- Profit (loss) carried forward -€75,239
down €75,239 (-6.5%), from -€1.2m to -€1.2m
- Trade debts -€58,694
down €58,694 (-51.3%), from €114,371 to €55,677
Income statement
- Gross operating margin -€164,509
down €164,509 (-89.7%), from €183,340 to €18,831
- Financial charges -€4,141
down €4,141 (-93.2%), from €4,444 to €303
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€84,264
Gross operating margin
-€164,509
Staff costs
+€866
Depreciation
-€1,181
Other operating charges
+€1,047
Financial income
+€125
Financial charges
+€4,141
Taxes
+€8
Result 2025
-€75,239
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€19,082
Investment
-€12,577
Financing
€0
Cash 2024
€51,059
From operations (derived)
-€19,082
Net result for the year
-€75,239
Depreciation
+€4,620
Stocks and contracts
+€62,011
Receivables within one year
+€47,677
Deferred charges and accrued income
+€526
Trade debts
-€58,694
Smaller working-capital items
+€17
Investment (derived)
-€12,577
Investment in fixed assets (net)
-€12,577
Cash 2025
€19,400
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €447,713 | €313,796 | -€133,916 | -29.9% |
| Fixed assets | 21/28 | €9,994 | €17,951 | +€7,957 | +79.6% |
| Intangible fixed assets | 21 | €3,477 | €2,560 | -€917 | -26.4% |
| Tangible fixed assets | 22/27 | €6,517 | €15,391 | +€8,874 | +136% |
| Plant, machinery and equipment | 23 | €6,517 | €5,157 | -€1,359 | -20.9% |
| Furniture and vehicles | 24 | - | €10,234 | +€10,234 | |
| Current assets | 29/58 | €437,719 | €295,845 | -€141,874 | -32.4% |
| Stocks and contracts in progress | 3 | €147,435 | €85,424 | -€62,011 | -42.1% |
| Stocks | 30/36 | €99,823 | €85,424 | -€14,399 | -14.4% |
| Contracts in progress | 37 | €47,612 | €0 | -€47,612 | -100% |
| Amounts receivable within one year | 40/41 | €235,274 | €187,596 | -€47,677 | -20.3% |
| Trade receivables | 40 | €126,871 | €90,713 | -€36,158 | -28.5% |
| Other amounts receivable | 41 | €108,403 | €96,884 | -€11,519 | -10.6% |
| Cash at bank and in hand | 54/58 | €51,059 | €19,400 | -€31,659 | -62.0% |
| Deferred charges and accrued income | 490/1 | €3,951 | €3,425 | -€526 | -13.3% |
| Total equity and liabilities | 10/49 | €447,713 | €313,796 | -€133,916 | -29.9% |
| Equity | 10/15 | €35,171 | -€40,069 | -€75,239 | |
| Contributions | 10/11 | €1,064,000 | €1,064,000 | = | 0.0% |
| Capital | 10 | €1,064,000 | €1,064,000 | = | 0.0% |
| Issued capital | 100 | €1,064,000 | €1,064,000 | = | 0.0% |
| Reserves | 13 | €136,050 | €136,050 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Distributable reserves | 133 | €129,650 | €129,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,164,879 | -€1,240,118 | -€75,239 | -6.5% |
| Amounts payable | 17/49 | €412,542 | €353,865 | -€58,677 | -14.2% |
| Amounts payable after more than one year | 17 | €278,006 | €278,006 | = | 0.0% |
| Other amounts payable | 178/9 | €278,006 | €278,006 | = | 0.0% |
| Amounts payable within one year | 42/48 | €134,529 | €75,852 | -€58,677 | -43.6% |
| Trade debts | 44 | €114,371 | €55,677 | -€58,694 | -51.3% |
| Suppliers | 440/4 | €114,371 | €55,677 | -€58,694 | -51.3% |
| Taxes, remuneration and social security | 45 | €9,666 | €9,683 | +€17 | +0.2% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €9,666 | €9,683 | +€17 | +0.2% |
| Other amounts payable | 47/48 | €10,491 | €10,491 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8 | €8 | -€0 | -0.3% |
| Remuneration, social security and pensions | 62 | €88,719 | €87,852 | -€866 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,439 | €4,620 | +€1,181 | +34.3% |
| Other operating charges | 640/8 | €2,187 | €1,140 | -€1,047 | -47.9% |
| Gross operating margin | 9900 | €183,340 | €18,831 | -€164,509 | -89.7% |
| Operating profit (loss) | 9901 | €88,996 | -€74,781 | -€163,777 | |
| Financial income | 75/76B | €0 | €125 | +€125 | +42,979% |
| Recurring financial income | 75 | €0 | €125 | +€125 | +42,979% |
| Financial charges | 65/66B | €4,444 | €303 | -€4,141 | -93.2% |
| Recurring financial charges | 65 | €4,444 | €303 | -€4,141 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | €84,552 | -€74,959 | -€159,511 | |
| Income taxes | 67/77 | €288 | €280 | -€8 | -2.7% |
| Profit (loss) for the period | 9904 | €84,264 | -€75,239 | -€159,504 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,264 | -€75,239 | -€159,504 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.