EcoRetail: 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.
EcoRetail
Largest movements
- Receivables within one year +€83,130
up €83,130 (+23.6%), from €352,208 to €435,338
of which Trade receivables: +€100,350
- Cash +€48,568
up €48,568 (+141.6%), from €34,306 to €82,874
mainly Trade debts (+€209,963) and Depreciation (+€63,410)
- Stocks and contracts +€16,736
up €16,736 (+5.4%), from €309,411 to €326,147
- Financial fixed assets +€15,129
up €15,129 (+56.3%), from €26,878 to €42,007
- Tangible fixed assets +€13,225
up €13,225 (+6.4%), from €207,017 to €220,242
of which Plant, machinery and equipment: +€14,122
- Trade debts +€209,963
up €209,963 (+30.7%), from €684,806 to €894,769
- Tax, wage and social debts -€44,915
down €44,915 (-28.2%), from €159,418 to €114,504
of which Taxes: -€34,095
- Debts after one year -€30,065
down €30,065 (-33.9%), from €88,730 to €58,666
- Profit (loss) carried forward +€24,511
no longer reported in 2025 (was -€24,511)
- Gross operating margin +€282,235
up €282,235 (+60.3%), from €468,231 to €750,466
- Staff costs +€168,854
up €168,854 (+46.1%), from €366,065 to €534,919
- Other operating charges +€25,120
up €25,120 (+41.6%), from €60,433 to €85,553
- Depreciation +€22,474
up €22,474 (+54.9%), from €40,937 to €63,410
- Financial charges +€14,868
up €14,868 (+138.6%), from €10,727 to €25,595
of which Financial charges: +€17,736
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 | €968,415 | €1,134,497 | +€166,082 | +17.1% |
| Fixed assets | 21/28 | €265,080 | €288,831 | +€23,752 | +9.0% |
| Intangible fixed assets | 21 | €31,185 | €26,583 | -€4,602 | -14.8% |
| Tangible fixed assets | 22/27 | €207,017 | €220,242 | +€13,225 | +6.4% |
| Plant, machinery and equipment | 23 | €189,622 | €203,744 | +€14,122 | +7.4% |
| Furniture and vehicles | 24 | €17,395 | €16,498 | -€897 | -5.2% |
| Financial fixed assets | 28 | €26,878 | €42,007 | +€15,129 | +56.3% |
| Current assets | 29/58 | €703,335 | €845,666 | +€142,331 | +20.2% |
| Stocks and contracts in progress | 3 | €309,411 | €326,147 | +€16,736 | +5.4% |
| Stocks | 30/36 | €309,411 | €326,147 | +€16,736 | +5.4% |
| Amounts receivable within one year | 40/41 | €352,208 | €435,338 | +€83,130 | +23.6% |
| Trade receivables | 40 | €317,593 | €417,943 | +€100,350 | +31.6% |
| Other amounts receivable | 41 | €34,615 | €17,395 | -€17,220 | -49.7% |
| Cash at bank and in hand | 54/58 | €34,306 | €82,874 | +€48,568 | +141.6% |
| Deferred charges and accrued income | 490/1 | €7,411 | €1,308 | -€6,103 | -82.4% |
| Total equity and liabilities | 10/49 | €968,415 | €1,134,497 | +€166,082 | +17.1% |
| Equity | 10/15 | €5,489 | €36,104 | +€30,614 | +557.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €6,104 | +€6,104 | |
| Distributable reserves | 133 | - | €6,104 | +€6,104 | |
| Profit (loss) carried forward | 14 | -€24,511 | - | +€24,511 | |
| Amounts payable | 17/49 | €962,926 | €1,098,394 | +€135,468 | +14.1% |
| Amounts payable after more than one year | 17 | €88,730 | €58,666 | -€30,065 | -33.9% |
| Financial debts | 170/4 | €88,730 | €58,666 | -€30,065 | -33.9% |
| Amounts payable within one year | 42/48 | €874,195 | €1,039,728 | +€165,533 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €29,389 | €30,065 | +€676 | +2.3% |
| Financial debts | 43 | - | €28 | +€28 | |
| Credit institutions | 430/8 | - | €28 | +€28 | |
| Trade debts | 44 | €684,806 | €894,769 | +€209,963 | +30.7% |
| Suppliers | 440/4 | €684,806 | €894,769 | +€209,963 | +30.7% |
| Taxes, remuneration and social security | 45 | €159,418 | €114,504 | -€44,915 | -28.2% |
| Taxes | 450/3 | €57,419 | €23,324 | -€34,095 | -59.4% |
| Remuneration and social security | 454/9 | €101,999 | €91,180 | -€10,820 | -10.6% |
| Other amounts payable | 47/48 | €582 | €362 | -€220 | -37.9% |
| Remuneration, social security and pensions | 62 | €366,065 | €534,919 | +€168,854 | +46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,937 | €63,410 | +€22,474 | +54.9% |
| Other operating charges | 640/8 | €60,433 | €85,553 | +€25,120 | +41.6% |
| Gross operating margin | 9900 | €468,231 | €750,466 | +€282,235 | +60.3% |
| Operating profit (loss) | 9901 | €796 | €66,584 | +€65,787 | +8262.4% |
| Financial income | 75/76B | €1,538 | €1,024 | -€515 | -33.5% |
| Recurring financial income | 75 | €1,538 | €1,024 | -€515 | -33.5% |
| Financial charges | 65/66B | €10,727 | €25,595 | +€14,868 | +138.6% |
| Recurring financial charges | 65 | €5,324 | €23,060 | +€17,736 | +333.1% |
| Non-recurring financial charges | 66B | €5,403 | €2,535 | -€2,868 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,392 | €42,013 | +€50,405 | |
| Income taxes | 67/77 | €1,474 | €11,398 | +€9,925 | +673.4% |
| Profit (loss) for the period | 9904 | -€9,866 | €30,614 | +€40,481 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,866 | €30,614 | +€40,481 |
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 7 October 2026 via checked.be.