ECORESI: 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.
ECORESI
Largest movements
- Receivables within one year +€337,713
up €337,713 (+824.3%), from €40,972 to €378,685
of which Other amounts receivable: +€346,940
- Cash +€195,451
up €195,451 (+1231.5%), from €15,871 to €211,322
mainly Net result for the year (+€296,211) and Tax, wage and social debts (+€148,480)
- Tangible fixed assets -€33,143
down €33,143 (-79.0%), from €41,966 to €8,822
of which Land and buildings: -€22,356
- Financial fixed assets -€10,000
down €10,000 (-97.6%), from €10,250 to €250
- Reserves +€296,000
up €296,000 (+2989.5%), from €9,901 to €305,901
of which Distributable reserves: +€296,000
- Tax, wage and social debts +€148,480
up €148,480 (+2801.0%), from €5,301 to €153,781
- Trade debts +€49,221
up €49,221 (+741.0%), from €6,643 to €55,864
- Gross operating margin +€432,410
up €432,410 (+1813.3%), from €23,847 to €456,257
- Taxes +€151,769
up €151,769 (+7749.0%), from €1,959 to €153,727
- Depreciation -€15,606
down €15,606 (-87.4%), from €17,860 to €2,253
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 | €110,603 | €600,938 | +€490,334 | +443.3% |
| Fixed assets | 21/28 | €52,216 | €9,072 | -€43,143 | -82.6% |
| Tangible fixed assets | 22/27 | €41,966 | €8,822 | -€33,143 | -79.0% |
| Land and buildings | 22 | €22,356 | - | -€22,356 | |
| Plant, machinery and equipment | 23 | €6,827 | - | -€6,827 | |
| Furniture and vehicles | 24 | €11,076 | €8,822 | -€2,253 | -20.3% |
| Other tangible fixed assets | 26 | €1,707 | - | -€1,707 | |
| Financial fixed assets | 28 | €10,250 | €250 | -€10,000 | -97.6% |
| Current assets | 29/58 | €58,388 | €591,865 | +€533,477 | +913.7% |
| Amounts receivable within one year | 40/41 | €40,972 | €378,685 | +€337,713 | +824.3% |
| Trade receivables | 40 | €32,528 | €23,302 | -€9,226 | -28.4% |
| Other amounts receivable | 41 | €8,443 | €355,383 | +€346,940 | +4109.0% |
| Cash at bank and in hand | 54/58 | €15,871 | €211,322 | +€195,451 | +1231.5% |
| Deferred charges and accrued income | 490/1 | €1,545 | €1,858 | +€313 | +20.3% |
| Total equity and liabilities | 10/49 | €110,603 | €600,938 | +€490,334 | +443.3% |
| Equity | 10/15 | €95,082 | €391,293 | +€296,211 | +311.5% |
| Contributions | 10/11 | €6,321 | €6,321 | = | 0.0% |
| Reserves | 13 | €9,901 | €305,901 | +€296,000 | +2989.5% |
| Non-distributable reserves | 130/1 | €1,901 | €1,901 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,901 | €1,901 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €304,000 | +€296,000 | +3700.0% |
| Profit (loss) carried forward | 14 | €78,859 | €79,070 | +€211 | +0.3% |
| Amounts payable | 17/49 | €15,521 | €209,645 | +€194,124 | +1250.7% |
| Amounts payable within one year | 42/48 | €15,521 | €209,645 | +€194,124 | +1250.7% |
| Trade debts | 44 | €6,643 | €55,864 | +€49,221 | +741.0% |
| Suppliers | 440/4 | €6,643 | €55,864 | +€49,221 | +741.0% |
| Taxes, remuneration and social security | 45 | €5,301 | €153,781 | +€148,480 | +2801.0% |
| Taxes | 450/3 | €5,301 | €153,781 | +€148,480 | +2801.0% |
| Other amounts payable | 47/48 | €3,578 | - | -€3,578 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,860 | €2,253 | -€15,606 | -87.4% |
| Other operating charges | 640/8 | €2,724 | €3,173 | +€449 | +16.5% |
| Non-recurring operating charges | 66A | - | €116 | +€116 | |
| Gross operating margin | 9900 | €23,847 | €456,257 | +€432,410 | +1813.3% |
| Operating profit (loss) | 9901 | €3,263 | €450,715 | +€447,451 | +13711.5% |
| Financial income | 75/76B | €7 | €6 | -€0 | -5.7% |
| Recurring financial income | 75 | €7 | €6 | -€0 | -5.7% |
| Financial charges | 65/66B | €585 | €783 | +€198 | +33.8% |
| Recurring financial charges | 65 | €585 | €783 | +€198 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €2,685 | €449,938 | +€447,253 | +16658.7% |
| Income taxes | 67/77 | €1,959 | €153,727 | +€151,769 | +7749.0% |
| Profit (loss) for the period | 9904 | €726 | €296,211 | +€295,485 | +40686.3% |
| Profit (loss) for the period to be appropriated | 9905 | €726 | €296,211 | +€295,485 | +40686.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.