EcoNation R&D: 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.
EcoNation R&D
Largest movements
- Receivables within one year +€2,638
up €2,638, from €0 to €2,638
of which Trade receivables: +€2,638
- Cash +€86
up €86 (+281%), from €31 to €117
mainly Other debts (+€2,746) and Trade debts (+€283)
- Other debts +€2,746
up €2,746 (+5.9%), from €46,387 to €49,133
- Trade debts +€283
up €283 (+18.7%), from €1,513 to €1,796
- Profit (loss) carried forward -€261
down €261 (-0.1%), from -€259,549 to -€259,811
- Accrued charges and deferred income -€65
down €65 (-100%), from €65 to €0
- Gross operating margin -€971
down €971 (-74.4%), from €1,305 to €334
- Other operating charges +€14
up €14 (+2.8%), from €513 to €528
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 | €31 | €2,755 | +€2,724 | +8,885% |
| Current assets | 29/58 | €31 | €2,755 | +€2,724 | +8,885% |
| Amounts receivable within one year | 40/41 | €0 | €2,638 | +€2,638 | |
| Trade receivables | 40 | €0 | €2,638 | +€2,638 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €31 | €117 | +€86 | +281% |
| Total equity and liabilities | 10/49 | €31 | €2,755 | +€2,724 | +8,885% |
| Equity | 10/15 | -€48,363 | -€48,624 | -€261 | -0.5% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Capital | 10 | €210,000 | €210,000 | = | 0.0% |
| Issued capital | 100 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €1,187 | €1,187 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,187 | €1,187 | = | 0.0% |
| Legal reserve | 130 | €1,187 | €1,187 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€259,549 | -€259,811 | -€261 | -0.1% |
| Amounts payable | 17/49 | €48,393 | €51,379 | +€2,985 | +6.2% |
| Amounts payable within one year | 42/48 | €48,328 | €51,379 | +€3,051 | +6.3% |
| Trade debts | 44 | €1,513 | €1,796 | +€283 | +18.7% |
| Suppliers | 440/4 | €1,513 | €1,796 | +€283 | +18.7% |
| Taxes, remuneration and social security | 45 | €428 | €450 | +€22 | +5.0% |
| Taxes | 450/3 | €428 | €450 | +€22 | +5.0% |
| Other amounts payable | 47/48 | €46,387 | €49,133 | +€2,746 | +5.9% |
| Accrued charges and deferred income | 492/3 | €65 | €0 | -€65 | -100% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €1,305 | €334 | -€971 | -74.4% |
| Operating profit (loss) | 9901 | €792 | -€194 | -€986 | |
| Financial charges | 65/66B | €65 | €67 | +€2 | +2.7% |
| Recurring financial charges | 65 | €65 | €67 | +€2 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €726 | -€261 | -€988 | |
| Profit (loss) for the period | 9904 | €726 | -€261 | -€988 | |
| Profit (loss) for the period to be appropriated | 9905 | €726 | -€261 | -€988 |
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.