ECORENO: 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.
ECORENO
Largest movements
- Tangible fixed assets +€10,281
up €10,281 (+68.0%), from €15,114 to €25,395
of which Furniture and vehicles: +€12,811
- Cash +€6,935
up €6,935 (+32.3%), from €21,494 to €28,428
mainly Contributions, distributions and other (+€24,704) and Depreciation (+€10,193)
- Receivables within one year +€6,332
up €6,332 (+18.9%), from €33,530 to €39,862
of which Trade receivables: +€8,186
- Financial fixed assets -€1,400
no longer reported in 2025 (was €1,400)
- Profit (loss) carried forward +€29,607
up €29,607 (+88.1%), from €33,604 to €63,211
- Trade debts -€7,189
down €7,189 (-35.7%), from €20,155 to €12,967
- Other debts -€2,659
down €2,659 (-19.2%), from €13,839 to €11,179
- Tax, wage and social debts +€2,389
up €2,389 (+70.9%), from €3,370 to €5,758
of which Taxes: +€1,520
- Gross operating margin +€26,130
up €26,130, from -€3,128 to €23,001
- Depreciation +€6,014
up €6,014 (+144%), from €4,179 to €10,193
- Other operating charges +€4,486
up €4,486 (+314%), from €1,428 to €5,914
- Taxes -€3,010
no longer reported in 2025 (was €3,010)
- Financial charges +€1,738
up €1,738 (+687%), from €253 to €1,991
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 | €72,467 | €94,615 | +€22,148 | +30.6% |
| Fixed assets | 21/28 | €16,514 | €25,395 | +€8,881 | +53.8% |
| Tangible fixed assets | 22/27 | €15,114 | €25,395 | +€10,281 | +68.0% |
| Plant, machinery and equipment | 23 | €4,323 | €1,793 | -€2,530 | -58.5% |
| Furniture and vehicles | 24 | €10,791 | €23,602 | +€12,811 | +119% |
| Financial fixed assets | 28 | €1,400 | - | -€1,400 | |
| Current assets | 29/58 | €55,953 | €69,220 | +€13,266 | +23.7% |
| Amounts receivable within one year | 40/41 | €33,530 | €39,862 | +€6,332 | +18.9% |
| Trade receivables | 40 | €19,488 | €27,674 | +€8,186 | +42.0% |
| Other amounts receivable | 41 | €14,042 | €12,188 | -€1,854 | -13.2% |
| Cash at bank and in hand | 54/58 | €21,494 | €28,428 | +€6,935 | +32.3% |
| Deferred charges and accrued income | 490/1 | €930 | €930 | = | 0.0% |
| Total equity and liabilities | 10/49 | €72,467 | €94,615 | +€22,148 | +30.6% |
| Equity | 10/15 | €35,104 | €64,711 | +€29,607 | +84.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,604 | €63,211 | +€29,607 | +88.1% |
| Amounts payable | 17/49 | €37,363 | €29,904 | -€7,459 | -20.0% |
| Amounts payable within one year | 42/48 | €37,363 | €29,904 | -€7,459 | -20.0% |
| Trade debts | 44 | €20,155 | €12,967 | -€7,189 | -35.7% |
| Suppliers | 440/4 | €20,155 | €12,967 | -€7,189 | -35.7% |
| Taxes, remuneration and social security | 45 | €3,370 | €5,758 | +€2,389 | +70.9% |
| Taxes | 450/3 | €3,370 | €4,890 | +€1,520 | +45.1% |
| Remuneration and social security | 454/9 | - | €869 | +€869 | |
| Other amounts payable | 47/48 | €13,839 | €11,179 | -€2,659 | -19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,179 | €10,193 | +€6,014 | +144% |
| Other operating charges | 640/8 | €1,428 | €5,914 | +€4,486 | +314% |
| Gross operating margin | 9900 | -€3,128 | €23,001 | +€26,130 | |
| Operating profit (loss) | 9901 | -€8,735 | €6,894 | +€15,629 | |
| Financial charges | 65/66B | €253 | €1,991 | +€1,738 | +687% |
| Recurring financial charges | 65 | €253 | €1,991 | +€1,738 | +687% |
| Profit (loss) for the period before taxes | 9903 | -€8,988 | €4,903 | +€13,891 | |
| Income taxes | 67/77 | €3,010 | - | -€3,010 | |
| Profit (loss) for the period | 9904 | -€11,997 | €4,903 | +€16,901 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,997 | €4,903 | +€16,901 |
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 14 October 2026 via checked.be.