ECOO: 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
ECOO
NACE 38.210, Materials recovery from waste
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€620,841
2024 · €283,237+€337,605
Equity
€2.2m
2024 · €1.6m+€620,841
Cash
€1.8m
2024 · €623,296+€1.2m
Balance sheet total
€8.2m
2024 · €7.8m+€372,270
Largest movements
Assets
- Cash +€1.2m
up €1.2m (+191.2%), from €623,296 to €1.8m
mainly Depreciation (+€1.6m) and Net result for the year (+€620,841)
- Tangible fixed assets -€570,343
down €570,343 (-13.3%), from €4.3m to €3.7m
of which Plant, machinery and equipment: -€455,823
- Receivables within one year -€158,508
down €158,508 (-13.3%), from €1.2m to €1.0m
of which Trade receivables: -€248,274
- Stocks and contracts -€122,417
down €122,417 (-7.4%), from €1.7m to €1.5m
Equity and liabilities
- Profit (loss) carried forward +€620,841
up €620,841 (+94.3%), from €658,177 to €1.3m
- Current portion of long-term debt -€386,785
down €386,785 (-98.0%), from €394,872 to €8,086
- Accrued charges and deferred income +€88,500
up €88,500 (+37.6%), from €235,500 to €324,000
Income statement
- Services and other goods -€822,013
down €822,013 (-18.3%), from €4.5m to €3.7m
- Goods and materials +€262,867
up €262,867 (+20.1%), from €1.3m to €1.6m
of which Change in stocks: decrease (increase): +€213,165
- Staff costs +€143,100
up €143,100 (+5.9%), from €2.4m to €2.6m
- Depreciation +€120,010
up €120,010 (+8.0%), from €1.5m to €1.6m
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
€283,237
Turnover
-€21,385
Other operating income
+€26,505
Goods and materials
-€262,867
Services and other goods
+€822,013
Staff costs
-€143,100
Depreciation
-€120,010
Write-downs
-€705
Other operating charges
-€4,849
Other operating items
+€3,614
Financial income
-€141
Financial charges
+€33,383
Taxes
+€5,145
Result 2025
€620,841
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
+€2.6m
Investment
-€1.0m
Financing
-€394,872
Cash 2024
€623,296
From operations (derived)
+€2.6m
Net result for the year
+€620,841
Depreciation
+€1.6m
Stocks and contracts
+€122,417
Receivables within one year
+€158,508
Deferred charges and accrued income
-€48,360
Trade debts
-€1,174
Tax, wage and social debts
+€58,974
Accrued charges and deferred income
+€88,500
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€1.0m
Financing
-€394,872
Debts after one year
-€8,086
Current portion of long-term debt
-€386,785
Cash 2025
€1.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,847,105 | €8,219,375 | +€372,270 | +4.7% |
| Fixed assets | 21/28 | €4,332,389 | €3,745,384 | -€587,005 | -13.5% |
| Intangible fixed assets | 21 | €44,991 | €28,329 | -€16,662 | -37.0% |
| Tangible fixed assets | 22/27 | €4,287,398 | €3,717,055 | -€570,343 | -13.3% |
| Land and buildings | 22 | €92,199 | €113,797 | +€21,598 | +23.4% |
| Plant, machinery and equipment | 23 | €3,268,533 | €2,812,710 | -€455,823 | -13.9% |
| Furniture and vehicles | 24 | €237,665 | €180,450 | -€57,215 | -24.1% |
| Other tangible fixed assets | 26 | €689,000 | €610,097 | -€78,903 | -11.5% |
| Current assets | 29/58 | €3,514,716 | €4,473,991 | +€959,275 | +27.3% |
| Stocks and contracts in progress | 3 | €1,652,565 | €1,530,147 | -€122,417 | -7.4% |
| Stocks | 30/36 | €1,652,565 | €1,530,147 | -€122,417 | -7.4% |
| Goods purchased for resale | 34 | €1,652,565 | €1,530,147 | -€122,417 | -7.4% |
| Amounts receivable within one year | 40/41 | €1,193,419 | €1,034,911 | -€158,508 | -13.3% |
| Trade receivables | 40 | €1,112,624 | €864,349 | -€248,274 | -22.3% |
| Other amounts receivable | 41 | €80,796 | €170,562 | +€89,766 | +111.1% |
| Cash at bank and in hand | 54/58 | €623,296 | €1,815,137 | +€1.2m | +191.2% |
| Deferred charges and accrued income | 490/1 | €45,436 | €93,796 | +€48,360 | +106.4% |
| Total equity and liabilities | 10/49 | €7,847,105 | €8,219,375 | +€372,270 | +4.7% |
| Equity | 10/15 | €1,597,864 | €2,218,705 | +€620,841 | +38.9% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €39,687 | €39,687 | = | 0.0% |
| Non-distributable reserves | 130/1 | €39,687 | €39,687 | = | 0.0% |
| Reserves not available under the articles | 1311 | €39,687 | €39,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | €658,177 | €1,279,018 | +€620,841 | +94.3% |
| Amounts payable | 17/49 | €6,249,241 | €6,000,670 | -€248,571 | -4.0% |
| Amounts payable after more than one year | 17 | €3,008,086 | €3,000,000 | -€8,086 | -0.3% |
| Financial debts | 170/4 | €8,086 | €0 | -€8,086 | -100.0% |
| Credit institutions | 173 | €8,086 | €0 | -€8,086 | -100.0% |
| Other amounts payable | 178/9 | €3,000,000 | €3,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,005,655 | €2,676,670 | -€328,985 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €394,872 | €8,086 | -€386,785 | -98.0% |
| Trade debts | 44 | €441,297 | €440,123 | -€1,174 | -0.3% |
| Suppliers | 440/4 | €441,297 | €440,123 | -€1,174 | -0.3% |
| Taxes, remuneration and social security | 45 | €345,786 | €404,761 | +€58,974 | +17.1% |
| Taxes | 450/3 | €59,874 | €54,299 | -€5,575 | -9.3% |
| Remuneration and social security | 454/9 | €285,913 | €350,462 | +€64,549 | +22.6% |
| Other amounts payable | 47/48 | €1,823,700 | €1,823,700 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €235,500 | €324,000 | +€88,500 | +37.6% |
| Operating income | 70/76A | €10,290,879 | €10,302,541 | +€11,662 | +0.1% |
| Turnover | 70 | €10,156,084 | €10,134,698 | -€21,385 | -0.2% |
| Other operating income | 74 | €133,647 | €160,152 | +€26,505 | +19.8% |
| Non-recurring operating income | 76A | €1,148 | €7,690 | +€6,542 | +569.8% |
| Operating charges | 60/66A | €9,819,560 | €9,532,004 | -€287,555 | -2.9% |
| Goods for resale, raw materials and consumables | 60 | €1,309,475 | €1,572,342 | +€262,867 | +20.1% |
| Purchases | 600/8 | €1,400,223 | €1,449,925 | +€49,701 | +3.5% |
| Change in stocks: decrease (increase) | 609 | -€90,748 | €122,417 | +€213,165 | |
| Services and other goods | 61 | €4,489,166 | €3,667,152 | -€822,013 | -18.3% |
| Remuneration, social security and pensions | 62 | €2,427,557 | €2,570,657 | +€143,100 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,498,251 | €1,618,260 | +€120,010 | +8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,853 | €7,557 | +€705 | +10.3% |
| Other operating charges | 640/8 | €87,795 | €92,644 | +€4,849 | +5.5% |
| Non-recurring operating charges | 66A | €463 | €3,391 | +€2,928 | +632.6% |
| Operating profit (loss) | 9901 | €471,319 | €770,537 | +€299,218 | +63.5% |
| Financial income | 75/76B | €142 | €1 | -€141 | -99.1% |
| Recurring financial income | 75 | €142 | €1 | -€141 | -99.1% |
| Other financial income | 752/9 | €142 | €1 | -€141 | -99.1% |
| Financial charges | 65/66B | €181,970 | €148,588 | -€33,383 | -18.3% |
| Recurring financial charges | 65 | €181,970 | €148,588 | -€33,383 | -18.3% |
| Debt charges | 650 | €158,759 | €129,433 | -€29,325 | -18.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €23,212 | €19,154 | -€4,057 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €289,491 | €621,951 | +€332,459 | +114.8% |
| Income taxes | 67/77 | €6,254 | €1,109 | -€5,145 | -82.3% |
| Taxes | 670/3 | €6,254 | €1,109 | -€5,145 | -82.3% |
| Profit (loss) for the period | 9904 | €283,237 | €620,841 | +€337,605 | +119.2% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €283,237 | €620,841 | +€337,605 | +119.2% |
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 2 October 2026 via checked.be.