ECORENOVE: 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.
ECORENOVE
Largest movements
- Cash -€36,319
down €36,319 (-40.2%), from €90,418 to €54,099
mainly Accrued charges and deferred income (-€33,580) and Receivables within one year (-€8,476)
- Stocks and contracts -€11,010
down €11,010 (-93.1%), from €11,827 to €817
- Tangible fixed assets -€8,888
down €8,888 (-49.4%), from €17,978 to €9,090
of which Leasing and similar rights: -€5,665
- Receivables within one year +€8,476
up €8,476 (+76.6%), from €11,060 to €19,536
of which Other amounts receivable: +€4,334
- Deferred charges and accrued income -€3,847
down €3,847 (-48.9%), from €7,865 to €4,018
- Accrued charges and deferred income -€33,580
down €33,580 (-53.8%), from €62,438 to €28,858
- Profit (loss) carried forward -€5,092
down €5,092 (-60.7%), from €8,382 to €3,290
- Reserves -€5,000
down €5,000 (-14.6%), from €34,150 to €29,150
- Debts after one year -€2,960
down €2,960 (-100.0%), from €2,960 to €0
- Tax, wage and social debts -€2,720
down €2,720 (-99.3%), from €2,739 to €19
- Gross operating margin -€6,054
down €6,054 (-50.9%), from €11,904 to €5,849
- Taxes -€470
down €470 (-78.1%), from €602 to €132
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 | €139,148 | €87,559 | -€51,589 | -37.1% |
| Fixed assets | 21/28 | €17,978 | €9,090 | -€8,888 | -49.4% |
| Tangible fixed assets | 22/27 | €17,978 | €9,090 | -€8,888 | -49.4% |
| Plant, machinery and equipment | 23 | €4,907 | €2,927 | -€1,980 | -40.4% |
| Furniture and vehicles | 24 | €3,727 | €2,485 | -€1,243 | -33.3% |
| Leasing and similar rights | 25 | €9,344 | €3,679 | -€5,665 | -60.6% |
| Current assets | 29/58 | €121,170 | €78,469 | -€42,701 | -35.2% |
| Stocks and contracts in progress | 3 | €11,827 | €817 | -€11,010 | -93.1% |
| Stocks | 30/36 | €11,827 | €817 | -€11,010 | -93.1% |
| Amounts receivable within one year | 40/41 | €11,060 | €19,536 | +€8,476 | +76.6% |
| Trade receivables | 40 | €0 | €4,142 | +€4,142 | |
| Other amounts receivable | 41 | €11,060 | €15,394 | +€4,334 | +39.2% |
| Cash at bank and in hand | 54/58 | €90,418 | €54,099 | -€36,319 | -40.2% |
| Deferred charges and accrued income | 490/1 | €7,865 | €4,018 | -€3,847 | -48.9% |
| Total equity and liabilities | 10/49 | €139,148 | €87,559 | -€51,589 | -37.1% |
| Equity | 10/15 | €62,992 | €52,900 | -€10,092 | -16.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €34,150 | €29,150 | -€5,000 | -14.6% |
| Distributable reserves | 133 | €34,150 | €29,150 | -€5,000 | -14.6% |
| Profit (loss) carried forward | 14 | €8,382 | €3,290 | -€5,092 | -60.7% |
| Amounts payable | 17/49 | €76,156 | €34,659 | -€41,497 | -54.5% |
| Amounts payable after more than one year | 17 | €2,960 | €0 | -€2,960 | -100.0% |
| Financial debts | 170/4 | €2,960 | €0 | -€2,960 | -100.0% |
| Amounts payable within one year | 42/48 | €10,758 | €5,801 | -€4,957 | -46.1% |
| Current portion of amounts payable after more than one year | 42 | €5,020 | €2,960 | -€2,059 | -41.0% |
| Trade debts | 44 | €759 | €1,124 | +€365 | +48.1% |
| Suppliers | 440/4 | €759 | €1,124 | +€365 | +48.1% |
| Taxes, remuneration and social security | 45 | €2,739 | €19 | -€2,720 | -99.3% |
| Taxes | 450/3 | €2,739 | €19 | -€2,720 | -99.3% |
| Other amounts payable | 47/48 | €2,240 | €1,698 | -€542 | -24.2% |
| Accrued charges and deferred income | 492/3 | €62,438 | €28,858 | -€33,580 | -53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,221 | €9,176 | -€45 | -0.5% |
| Other operating charges | 640/8 | €1,395 | €1,294 | -€101 | -7.3% |
| Gross operating margin | 9900 | €11,904 | €5,849 | -€6,054 | -50.9% |
| Operating profit (loss) | 9901 | €1,288 | -€4,620 | -€5,908 | |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €404 | €340 | -€64 | -15.8% |
| Recurring financial charges | 65 | €404 | €340 | -€64 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €884 | -€4,960 | -€5,844 | |
| Income taxes | 67/77 | €602 | €132 | -€470 | -78.1% |
| Profit (loss) for the period | 9904 | €282 | -€5,092 | -€5,374 | |
| Profit (loss) for the period to be appropriated | 9905 | €282 | -€5,092 | -€5,374 |
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 3 October 2026 via checked.be.