ECOPHISA: 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.
ECOPHISA
Largest movements
- Cash +€39,071
up €39,071 (+21.7%), from €180,186 to €219,256
mainly Depreciation (+€24,432) and Receivables within one year (+€8,130)
- Tangible fixed assets -€22,932
down €22,932 (-29.3%), from €78,302 to €55,370
of which Furniture and vehicles: -€17,257
- Receivables within one year -€8,130
down €8,130 (-11.3%), from €71,846 to €63,716
of which Trade receivables: -€8,467
- Other debts +€4,715
up €4,715 (+17.0%), from €27,756 to €32,471
- Tax, wage and social debts +€4,421
up €4,421 (+50.8%), from €8,706 to €13,128
- Trade debts -€3,639
down €3,639 (-21.1%), from €17,281 to €13,642
- Gross operating margin -€41,678
down €41,678 (-58.5%), from €71,265 to €29,587
- Taxes -€9,179
down €9,179 (-70.4%), from €13,047 to €3,868
- Other operating charges -€5,458
down €5,458 (-87.7%), from €6,224 to €766
- Depreciation -€2,506
down €2,506 (-9.3%), from €26,938 to €24,432
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €334,668 | €340,282 | +€5,614 | +1.7% |
| Fixed assets | 21/28 | €78,302 | €55,370 | -€22,932 | -29.3% |
| Tangible fixed assets | 22/27 | €78,302 | €55,370 | -€22,932 | -29.3% |
| Plant, machinery and equipment | 23 | €12,182 | €7,191 | -€4,991 | -41.0% |
| Furniture and vehicles | 24 | €65,436 | €48,179 | -€17,257 | -26.4% |
| Other tangible fixed assets | 26 | €684 | - | -€684 | |
| Current assets | 29/58 | €256,366 | €284,912 | +€28,546 | +11.1% |
| Amounts receivable within one year | 40/41 | €71,846 | €63,716 | -€8,130 | -11.3% |
| Trade receivables | 40 | €66,118 | €57,651 | -€8,467 | -12.8% |
| Other amounts receivable | 41 | €5,728 | €6,065 | +€337 | +5.9% |
| Cash at bank and in hand | 54/58 | €180,186 | €219,256 | +€39,071 | +21.7% |
| Deferred charges and accrued income | 490/1 | €4,335 | €1,940 | -€2,395 | -55.2% |
| Total equity and liabilities | 10/49 | €334,668 | €340,282 | +€5,614 | +1.7% |
| Equity | 10/15 | €280,175 | €280,292 | +€117 | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €89,860 | €89,860 | = | 0.0% |
| Distributable reserves | 133 | €89,860 | €89,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,915 | €178,032 | +€117 | +0.1% |
| Amounts payable | 17/49 | €54,493 | €59,990 | +€5,497 | +10.1% |
| Amounts payable within one year | 42/48 | €53,743 | €59,240 | +€5,497 | +10.2% |
| Trade debts | 44 | €17,281 | €13,642 | -€3,639 | -21.1% |
| Suppliers | 440/4 | €17,281 | €13,642 | -€3,639 | -21.1% |
| Taxes, remuneration and social security | 45 | €8,706 | €13,128 | +€4,421 | +50.8% |
| Taxes | 450/3 | €8,706 | €13,128 | +€4,421 | +50.8% |
| Other amounts payable | 47/48 | €27,756 | €32,471 | +€4,715 | +17.0% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Non-recurring operating income | 76A | - | €2,715 | +€2,715 | |
| Remuneration, social security and pensions | 62 | €802 | €264 | -€538 | -67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,938 | €24,432 | -€2,506 | -9.3% |
| Other operating charges | 640/8 | €6,224 | €766 | -€5,458 | -87.7% |
| Gross operating margin | 9900 | €71,265 | €29,587 | -€41,678 | -58.5% |
| Operating profit (loss) | 9901 | €37,301 | €4,124 | -€33,177 | -88.9% |
| Financial income | 75/76B | €21 | €1 | -€20 | -93.5% |
| Recurring financial income | 75 | €21 | €1 | -€20 | -93.5% |
| Financial charges | 65/66B | €59 | €141 | +€83 | +140.5% |
| Recurring financial charges | 65 | €59 | €141 | +€83 | +140.5% |
| Profit (loss) for the period before taxes | 9903 | €37,263 | €3,984 | -€33,279 | -89.3% |
| Income taxes | 67/77 | €13,047 | €3,868 | -€9,179 | -70.4% |
| Profit (loss) for the period | 9904 | €24,216 | €117 | -€24,100 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,216 | €117 | -€24,100 | -99.5% |
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 11 October 2026 via checked.be.