ECOSEARCH: what changed
What changed
ECOSEARCH
NACE 96.999, Other personal services
filed annual accounts (NBB)
Net result for the year
€3.6m
2024 · €5.6m-€2.0m
Equity
€58.4m
2024 · €54.8m+€3.6m
Cash
€10.2m
2024 · €227,290+€10.0m
Balance sheet total
€58.6m
2024 · €55.0m+€3.6m
Largest movements
Assets
- Cash +€10.0m
up €10.0m (+4,405%), from €227,290 to €10.2m
mainly Current investments (+€8.2m) and Net result for the year (+€3.6m)
- Current investments -€8.2m
down €8.2m (-20.3%), from €40.6m to €32.3m
- Receivables within one year +€1.9m
up €1.9m (+623%), from €309,996 to €2.2m
of which Other amounts receivable: +€2.0m
Equity and liabilities
- Reserves +€3.6m
up €3.6m (+7.3%), from €49.3m to €52.9m
Income statement
- Financial income -€1.5m
down €1.5m (-25.9%), from €5.9m to €4.4m
- Turnover -€825,980
down €825,980 (-33.4%), from €2.5m to €1.6m
- Goods and materials -€789,812
down €789,812 (-53.9%), from €1.5m to €675,695
- Financial charges +€388,765
up €388,765 (+98.2%), from €395,733 to €784,497
- Services and other goods -€25,401
down €25,401 (-7.8%), from €324,714 to €299,313
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5.6m
Turnover
-€825,980
Other operating income
-€3,122
Goods and materials
+€789,812
Services and other goods
+€25,401
Staff costs
-€19,607
Depreciation
+€3,074
Other operating charges
-€9,158
Other operating items
-€11,765
Financial income
-€1.5m
Financial charges
-€388,765
Taxes
-€11,035
Result 2025
€3.6m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.8m
Investment
+€8.2m
Financing
-€14,400
Cash 2024
€227,290
From operations (derived)
+€1.8m
Net result for the year
+€3.6m
Depreciation
+€37,777
Receivables within one year
-€1.9m
Deferred charges and accrued income
+€52,560
Smaller working-capital items
-€15,246
Tax, wage and social debts
+€34,550
Investment (derived)
+€8.2m
Investment in fixed assets (net)
-€2,783
Current investments
+€8.2m
Financing
-€14,400
Contributions, distributions and other
-€14,400
Cash 2025
€10.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,987,872 | €58,597,958 | +€3.6m | +6.6% |
| Fixed assets | 21/28 | €13,677,583 | €13,642,589 | -€34,994 | -0.3% |
| Tangible fixed assets | 22/27 | €106,657 | €71,663 | -€34,994 | -32.8% |
| Furniture and vehicles | 24 | €106,657 | €71,663 | -€34,994 | -32.8% |
| Financial fixed assets | 28 | €13,570,926 | €13,570,926 | = | 0.0% |
| Affiliated companies | 280/1 | €13,570,926 | €13,570,926 | = | 0.0% |
| Participating interests | 280 | €13,570,926 | €13,570,926 | = | 0.0% |
| Current assets | 29/58 | €41,310,288 | €44,955,369 | +€3.6m | +8.8% |
| Amounts receivable within one year | 40/41 | €309,996 | €2,242,174 | +€1.9m | +623% |
| Trade receivables | 40 | €251,395 | €216,376 | -€35,019 | -13.9% |
| Other amounts receivable | 41 | €58,601 | €2,025,798 | +€2.0m | +3,357% |
| Current investments | 50/53 | €40,550,135 | €32,304,308 | -€8.2m | -20.3% |
| Other investments | 51/53 | €40,550,135 | €32,304,308 | -€8.2m | -20.3% |
| Cash at bank and in hand | 54/58 | €227,290 | €10,238,579 | +€10.0m | +4,405% |
| Deferred charges and accrued income | 490/1 | €222,867 | €170,307 | -€52,560 | -23.6% |
| Total equity and liabilities | 10/49 | €54,987,872 | €58,597,958 | +€3.6m | +6.6% |
| Equity | 10/15 | €54,784,364 | €58,375,145 | +€3.6m | +6.6% |
| Contributions | 10/11 | €5,508,600 | €5,508,600 | = | 0.0% |
| Reserves | 13 | €49,275,764 | €52,866,545 | +€3.6m | +7.3% |
| Distributable reserves | 133 | €49,275,764 | €52,866,545 | +€3.6m | +7.3% |
| Amounts payable | 17/49 | €203,508 | €222,812 | +€19,305 | +9.5% |
| Amounts payable within one year | 42/48 | €199,561 | €222,482 | +€22,922 | +11.5% |
| Trade debts | 44 | €110,576 | €98,948 | -€11,629 | -10.5% |
| Suppliers | 440/4 | €110,576 | €98,948 | -€11,629 | -10.5% |
| Taxes, remuneration and social security | 45 | €74,584 | €109,135 | +€34,550 | +46.3% |
| Taxes | 450/3 | €24,256 | €24,225 | -€32 | -0.1% |
| Remuneration and social security | 454/9 | €50,328 | €84,910 | +€34,582 | +68.7% |
| Other amounts payable | 47/48 | €14,400 | €14,400 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,947 | €330 | -€3,617 | -91.6% |
| Operating income | 70/76A | €2,504,882 | €1,664,016 | -€840,867 | -33.6% |
| Turnover | 70 | €2,472,630 | €1,646,650 | -€825,980 | -33.4% |
| Other operating income | 74 | €20,488 | €17,365 | -€3,122 | -15.2% |
| Non-recurring operating income | 76A | €11,765 | - | -€11,765 | |
| Operating charges | 60/66A | €2,174,769 | €1,385,247 | -€789,522 | -36.3% |
| Goods for resale, raw materials and consumables | 60 | €1,465,507 | €675,695 | -€789,812 | -53.9% |
| Purchases | 600/8 | €1,465,507 | €675,695 | -€789,812 | -53.9% |
| Services and other goods | 61 | €324,714 | €299,313 | -€25,401 | -7.8% |
| Remuneration, social security and pensions | 62 | €315,598 | €335,206 | +€19,607 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,850 | €37,777 | -€3,074 | -7.5% |
| Other operating charges | 640/8 | €28,099 | €37,257 | +€9,158 | +32.6% |
| Operating profit (loss) | 9901 | €330,114 | €278,769 | -€51,345 | -15.6% |
| Financial income | 75/76B | €5,906,235 | €4,377,197 | -€1.5m | -25.9% |
| Recurring financial income | 75 | €5,906,235 | €4,377,197 | -€1.5m | -25.9% |
| Income from current assets | 751 | €3,642,978 | €3,632,745 | -€10,233 | -0.3% |
| Other financial income | 752/9 | €2,263,258 | €744,452 | -€1.5m | -67.1% |
| Financial charges | 65/66B | €395,733 | €784,497 | +€388,765 | +98.2% |
| Recurring financial charges | 65 | €395,733 | €784,497 | +€388,765 | +98.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €330,268 | €98,221 | -€232,047 | -70.3% |
| Other financial charges | 652/9 | €65,464 | €686,276 | +€620,812 | +948% |
| Profit (loss) for the period before taxes | 9903 | €5,840,616 | €3,871,468 | -€2.0m | -33.7% |
| Income taxes | 67/77 | €255,251 | €266,287 | +€11,035 | +4.3% |
| Taxes | 670/3 | €262,469 | €266,287 | +€3,818 | +1.5% |
| Tax adjustments and reversals of tax provisions | 77 | €7,218 | - | -€7,218 | |
| Profit (loss) for the period | 9904 | €5,585,365 | €3,605,182 | -€2.0m | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,585,365 | €3,605,182 | -€2.0m | -35.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.