EcoRens: 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.
EcoRens
Largest movements
- Receivables within one year +€138,423
up €138,423 (+26.9%), from €515,255 to €653,678
of which Trade receivables: +€69,899
- Cash +€76,533
up €76,533 (+78.2%), from €97,924 to €174,456
mainly Net result for the year (+€160,458) and Trade debts (+€156,079)
- Stocks and contracts +€49,088
new in 2025: €49,088
- Tangible fixed assets -€35,555
down €35,555 (-97.5%), from €36,480 to €925
of which Other tangible fixed assets: -€28,646
- Trade debts +€156,079
up €156,079 (+50.6%), from €308,296 to €464,375
- Reserves +€77,583
up €77,583 (+28.9%), from €268,041 to €345,625
of which Distributable reserves: +€77,583
- Short-term financial debts +€53,449
new in 2025: €53,449
- Other debts -€41,195
down €41,195 (-100%), from €41,195 to €0
- Tax, wage and social debts -€9,659
down €9,659 (-58.1%), from €16,618 to €6,959
of which Taxes: -€9,199
- Turnover +€3.1m
new in 2025: €3.1m
- Gross operating margin +€156,457
up €156,457 (+180%), from €87,129 to €243,585
- Taxes +€55,258
up €55,258 (+320%), from €17,248 to €72,506
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 | €671,969 | €896,183 | +€224,214 | +33.4% |
| Fixed assets | 21/28 | €37,426 | €1,613 | -€35,813 | -95.7% |
| Intangible fixed assets | 21 | €946 | €688 | -€258 | -27.3% |
| Tangible fixed assets | 22/27 | €36,480 | €925 | -€35,555 | -97.5% |
| Plant, machinery and equipment | 23 | €1,303 | €0 | -€1,303 | -100% |
| Furniture and vehicles | 24 | €6,531 | €925 | -€5,606 | -85.8% |
| Other tangible fixed assets | 26 | €28,646 | €0 | -€28,646 | -100% |
| Current assets | 29/58 | €634,543 | €894,570 | +€260,027 | +41.0% |
| Stocks and contracts in progress | 3 | - | €49,088 | +€49,088 | |
| Stocks | 30/36 | - | €49,088 | +€49,088 | |
| Amounts receivable within one year | 40/41 | €515,255 | €653,678 | +€138,423 | +26.9% |
| Trade receivables | 40 | €461,136 | €531,035 | +€69,899 | +15.2% |
| Other amounts receivable | 41 | €54,119 | €122,643 | +€68,524 | +127% |
| Current investments | 50/53 | €5,303 | €9 | -€5,294 | -99.8% |
| Cash at bank and in hand | 54/58 | €97,924 | €174,456 | +€76,533 | +78.2% |
| Deferred charges and accrued income | 490/1 | €16,061 | €17,339 | +€1,277 | +8.0% |
| Total equity and liabilities | 10/49 | €671,969 | €896,183 | +€224,214 | +33.4% |
| Equity | 10/15 | €286,641 | €364,225 | +€77,583 | +27.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €268,041 | €345,625 | +€77,583 | +28.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €268,041 | €345,625 | +€77,583 | +28.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €385,328 | €531,959 | +€146,631 | +38.1% |
| Amounts payable after more than one year | 17 | €4,798 | - | -€4,798 | |
| Financial debts | 170/4 | €4,798 | - | -€4,798 | |
| Amounts payable within one year | 42/48 | €371,267 | €529,581 | +€158,314 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €5,159 | €4,798 | -€361 | -7.0% |
| Financial debts | 43 | - | €53,449 | +€53,449 | |
| Credit institutions | 430/8 | - | €53,449 | +€53,449 | |
| Trade debts | 44 | €308,296 | €464,375 | +€156,079 | +50.6% |
| Suppliers | 440/4 | €308,296 | €464,375 | +€156,079 | +50.6% |
| Taxes, remuneration and social security | 45 | €16,618 | €6,959 | -€9,659 | -58.1% |
| Taxes | 450/3 | €12,058 | €2,859 | -€9,199 | -76.3% |
| Remuneration and social security | 454/9 | €4,560 | €4,100 | -€460 | -10.1% |
| Other amounts payable | 47/48 | €41,195 | €0 | -€41,195 | -100% |
| Accrued charges and deferred income | 492/3 | €9,263 | €2,378 | -€6,885 | -74.3% |
| Turnover | 70 | - | €3,058,111 | +€3.1m | |
| Remuneration, social security and pensions | 62 | €486 | €109 | -€377 | -77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,488 | €383 | -€11,106 | -96.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,810 | €0 | -€1,810 | -100% |
| Other operating charges | 640/8 | €11,022 | €4,965 | -€6,057 | -55.0% |
| Gross operating margin | 9900 | €87,129 | €243,585 | +€156,457 | +180% |
| Operating profit (loss) | 9901 | €62,323 | €238,129 | +€175,806 | +282% |
| Financial income | 75/76B | €96 | €1,127 | +€1,031 | +1,069% |
| Recurring financial income | 75 | €96 | €1,127 | +€1,031 | +1,069% |
| Financial charges | 65/66B | €8,336 | €6,292 | -€2,044 | -24.5% |
| Recurring financial charges | 65 | €8,336 | €6,292 | -€2,044 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €54,084 | €232,965 | +€178,881 | +331% |
| Income taxes | 67/77 | €17,248 | €72,506 | +€55,258 | +320% |
| Profit (loss) for the period | 9904 | €36,836 | €160,458 | +€123,622 | +336% |
| Profit (loss) for the period to be appropriated | 9905 | €36,836 | €160,458 | +€123,622 | +336% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.