ECORENTECH: 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.
ECORENTECH
Largest movements
- Cash +€59,298
up €59,298 (+130%), from €45,697 to €104,995
mainly Receivables within one year (+€32,155) and Depreciation (+€19,524)
- Tangible fixed assets +€40,723
up €40,723 (+238%), from €17,075 to €57,798
of which Furniture and vehicles: +€43,255
- Receivables within one year -€32,155
down €32,155 (-22.3%), from €144,461 to €112,306
of which Trade receivables: -€35,138
- Reserves +€17,990
up €17,990 (+13.5%), from €133,106 to €151,096
of which Distributable reserves: +€17,990
- Trade debts +€15,637
up €15,637 (+42.2%), from €37,019 to €52,656
- Debts after one year +€14,373
new in 2025: €14,373
- Advances received +€8,000
new in 2025: €8,000
- Current portion of long-term debt +€5,548
up €5,548 (+230%), from €2,411 to €7,959
- Gross operating margin +€22,183
up €22,183 (+81.7%), from €27,146 to €49,329
- Depreciation +€13,386
up €13,386 (+218%), from €6,138 to €19,524
- Other operating charges -€6,490
down €6,490 (-66.0%), from €9,831 to €3,341
- Taxes +€3,381
up €3,381 (+97.9%), from €3,455 to €6,836
- Financial charges +€977
up €977 (+115%), from €848 to €1,825
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 | €225,122 | €291,408 | +€66,286 | +29.4% |
| Fixed assets | 21/28 | €19,158 | €58,570 | +€39,412 | +206% |
| Intangible fixed assets | 21 | €2,083 | €772 | -€1,311 | -62.9% |
| Tangible fixed assets | 22/27 | €17,075 | €57,798 | +€40,723 | +238% |
| Plant, machinery and equipment | 23 | €4,528 | €2,558 | -€1,970 | -43.5% |
| Furniture and vehicles | 24 | €8,097 | €51,352 | +€43,255 | +534% |
| Other tangible fixed assets | 26 | €4,450 | €3,888 | -€562 | -12.6% |
| Current assets | 29/58 | €205,964 | €232,838 | +€26,874 | +13.0% |
| Stocks and contracts in progress | 3 | €13,879 | €12,038 | -€1,841 | -13.3% |
| Stocks | 30/36 | €13,879 | €8,538 | -€5,341 | -38.5% |
| Contracts in progress | 37 | - | €3,500 | +€3,500 | |
| Amounts receivable within one year | 40/41 | €144,461 | €112,306 | -€32,155 | -22.3% |
| Trade receivables | 40 | €137,633 | €102,495 | -€35,138 | -25.5% |
| Other amounts receivable | 41 | €6,828 | €9,811 | +€2,983 | +43.7% |
| Cash at bank and in hand | 54/58 | €45,697 | €104,995 | +€59,298 | +130% |
| Deferred charges and accrued income | 490/1 | €1,927 | €3,499 | +€1,572 | +81.6% |
| Total equity and liabilities | 10/49 | €225,122 | €291,408 | +€66,286 | +29.4% |
| Equity | 10/15 | €151,706 | €169,696 | +€17,990 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €133,106 | €151,096 | +€17,990 | +13.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,562 | €16,562 | = | 0.0% |
| Distributable reserves | 133 | €114,684 | €132,674 | +€17,990 | +15.7% |
| Amounts payable | 17/49 | €73,416 | €121,712 | +€48,296 | +65.8% |
| Amounts payable after more than one year | 17 | - | €14,373 | +€14,373 | |
| Financial debts | 170/4 | - | €14,373 | +€14,373 | |
| Amounts payable within one year | 42/48 | €73,416 | €107,339 | +€33,923 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | €2,411 | €7,959 | +€5,548 | +230% |
| Trade debts | 44 | €37,019 | €52,656 | +€15,637 | +42.2% |
| Suppliers | 440/4 | €37,019 | €52,656 | +€15,637 | +42.2% |
| Advances received on contracts in progress | 46 | - | €8,000 | +€8,000 | |
| Taxes, remuneration and social security | 45 | €3,213 | €5,849 | +€2,636 | +82.0% |
| Taxes | 450/3 | €3,213 | €5,849 | +€2,636 | +82.0% |
| Other amounts payable | 47/48 | €30,773 | €32,875 | +€2,102 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,138 | €19,524 | +€13,386 | +218% |
| Other operating charges | 640/8 | €9,831 | €3,341 | -€6,490 | -66.0% |
| Gross operating margin | 9900 | €27,146 | €49,329 | +€22,183 | +81.7% |
| Operating profit (loss) | 9901 | €11,177 | €26,464 | +€15,287 | +137% |
| Financial income | 75/76B | €148 | €187 | +€39 | +26.4% |
| Recurring financial income | 75 | €148 | €187 | +€39 | +26.4% |
| Financial charges | 65/66B | €848 | €1,825 | +€977 | +115% |
| Recurring financial charges | 65 | €848 | €1,825 | +€977 | +115% |
| Profit (loss) for the period before taxes | 9903 | €10,477 | €24,826 | +€14,349 | +137% |
| Income taxes | 67/77 | €3,455 | €6,836 | +€3,381 | +97.9% |
| Profit (loss) for the period | 9904 | €7,022 | €17,990 | +€10,968 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €7,022 | €17,990 | +€10,968 | +156% |
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 17 October 2026 via checked.be.