ECOPOL-CONSTRUCT: 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.
ECOPOL-CONSTRUCT
Largest movements
- Tangible fixed assets +€169,449
up €169,449 (+129.4%), from €130,937 to €300,387
of which Furniture and vehicles: +€164,668
- Receivables within one year +€76,255
up €76,255 (+30.7%), from €248,066 to €324,322
of which Trade receivables: +€91,770
- Deferred charges and accrued income -€32,080
no longer reported in 2024 (was €32,080)
- Cash +€8,244
up €8,244 (+25.4%), from €32,406 to €40,650
mainly Debts after one year (+€90,499) and Net result for the year (+€75,870)
- Debts after one year +€90,499
up €90,499 (+187.2%), from €48,354 to €138,853
- Other debts +€47,000
new in 2024: €47,000
- Current portion of long-term debt +€36,845
up €36,845 (+69.1%), from €53,321 to €90,166
- Trade debts +€36,522
up €36,522 (+158.4%), from €23,064 to €59,585
- Reserves +€28,000
up €28,000 (+471.2%), from €5,942 to €33,942
of which Distributable reserves: +€28,000
- Purchases and services -€1.3m
no longer reported in 2024 (was €1.3m)
- Gross operating margin +€95,731
up €95,731 (+86.2%), from €111,064 to €206,795
- Depreciation +€24,977
up €24,977 (+96.2%), from €25,960 to €50,936
- Staff costs +€13,085
new in 2024: €13,085
- Taxes +€11,638
up €11,638 (+32.6%), from €35,662 to €47,300
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €444,150 | €666,324 | +€222,174 | +50.0% |
| Fixed assets | 21/28 | €131,597 | €301,353 | +€169,755 | +129.0% |
| Tangible fixed assets | 22/27 | €130,937 | €300,387 | +€169,449 | +129.4% |
| Plant, machinery and equipment | 23 | €8,663 | €13,444 | +€4,781 | +55.2% |
| Furniture and vehicles | 24 | €122,275 | €286,943 | +€164,668 | +134.7% |
| Financial fixed assets | 28 | €660 | €966 | +€306 | +46.3% |
| Current assets | 29/58 | €312,553 | €364,971 | +€52,419 | +16.8% |
| Amounts receivable within one year | 40/41 | €248,066 | €324,322 | +€76,255 | +30.7% |
| Trade receivables | 40 | €125,867 | €217,637 | +€91,770 | +72.9% |
| Other amounts receivable | 41 | €122,200 | €106,685 | -€15,515 | -12.7% |
| Cash at bank and in hand | 54/58 | €32,406 | €40,650 | +€8,244 | +25.4% |
| Deferred charges and accrued income | 490/1 | €32,080 | - | -€32,080 | |
| Total equity and liabilities | 10/49 | €444,150 | €666,324 | +€222,174 | +50.0% |
| Equity | 10/15 | €279,390 | €308,260 | +€28,870 | +10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €5,942 | €33,942 | +€28,000 | +471.2% |
| Non-distributable reserves | 130/1 | €5,942 | - | -€5,942 | |
| Legal reserve | 130 | €5,942 | - | -€5,942 | |
| Tax-exempt reserves | 132 | - | €5,942 | +€5,942 | |
| Distributable reserves | 133 | - | €28,000 | +€28,000 | |
| Profit (loss) carried forward | 14 | €267,248 | €268,118 | +€870 | +0.3% |
| Amounts payable | 17/49 | €164,760 | €358,064 | +€193,304 | +117.3% |
| Amounts payable after more than one year | 17 | €48,354 | €138,853 | +€90,499 | +187.2% |
| Financial debts | 170/4 | €48,354 | €138,853 | +€90,499 | +187.2% |
| Amounts payable within one year | 42/48 | €101,328 | €219,210 | +€117,883 | +116.3% |
| Current portion of amounts payable after more than one year | 42 | €53,321 | €90,166 | +€36,845 | +69.1% |
| Trade debts | 44 | €23,064 | €59,585 | +€36,522 | +158.4% |
| Suppliers | 440/4 | €23,064 | €59,585 | +€36,522 | +158.4% |
| Taxes, remuneration and social security | 45 | €24,944 | €22,460 | -€2,484 | -10.0% |
| Taxes | 450/3 | €24,944 | €19,827 | -€5,117 | -20.5% |
| Remuneration and social security | 454/9 | - | €2,633 | +€2,633 | |
| Other amounts payable | 47/48 | - | €47,000 | +€47,000 | |
| Accrued charges and deferred income | 492/3 | €15,078 | - | -€15,078 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,265,292 | - | -€1.3m | |
| Remuneration, social security and pensions | 62 | - | €13,085 | +€13,085 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,960 | €50,936 | +€24,977 | +96.2% |
| Other operating charges | 640/8 | €3,886 | €11,454 | +€7,568 | +194.7% |
| Gross operating margin | 9900 | €111,064 | €206,795 | +€95,731 | +86.2% |
| Operating profit (loss) | 9901 | €81,218 | €131,320 | +€50,101 | +61.7% |
| Financial income | 75/76B | €0 | €4,161 | +€4,161 | |
| Recurring financial income | 75 | €0 | €4,161 | +€4,161 | |
| Financial charges | 65/66B | €2,284 | €12,311 | +€10,027 | +439.0% |
| Recurring financial charges | 65 | €1,202 | €12,311 | +€11,110 | +924.6% |
| Non-recurring financial charges | 66B | €1,083 | - | -€1,083 | |
| Profit (loss) for the period before taxes | 9903 | €78,934 | €123,170 | +€44,236 | +56.0% |
| Income taxes | 67/77 | €35,662 | €47,300 | +€11,638 | +32.6% |
| Profit (loss) for the period | 9904 | €43,272 | €75,870 | +€32,597 | +75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,272 | €75,870 | +€32,597 | +75.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.