ECOSIA: 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.
ECOSIA
Largest movements
- Cash -€24,267
down €24,267 (-31.6%), from €76,871 to €52,604
mainly Tax, wage and social debts (-€61,525) and Contributions, distributions and other (-€21,478)
- Receivables within one year +€17,901
up €17,901 (+30.8%), from €58,095 to €75,996
- Tangible fixed assets -€15,520
down €15,520 (-5.8%), from €269,874 to €254,354
of which Furniture and vehicles: -€12,970
- Tax, wage and social debts -€61,525
down €61,525 (-91.0%), from €67,601 to €6,076
of which Remuneration and social security: -€50,000
- Accrued charges and deferred income +€33,262
up €33,262 (+342%), from €9,730 to €42,992
- Turnover -€26,263
down €26,263 (-16.8%), from €156,364 to €130,100
- Purchases and services -€19,858
down €19,858 (-25.3%), from €78,507 to €58,650
- Financial charges +€15,968
up €15,968 (+203%), from €7,872 to €23,840
- Gross operating margin -€8,712
down €8,712 (-10.6%), from €82,286 to €73,573
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 | €1,165,724 | €1,136,857 | -€28,867 | -2.5% |
| Fixed assets | 21/28 | €269,874 | €254,354 | -€15,520 | -5.8% |
| Tangible fixed assets | 22/27 | €269,874 | €254,354 | -€15,520 | -5.8% |
| Plant, machinery and equipment | 23 | €5,661 | €3,111 | -€2,550 | -45.0% |
| Furniture and vehicles | 24 | €34,220 | €21,250 | -€12,970 | -37.9% |
| Assets under construction and advance payments | 27 | €229,994 | €229,994 | = | 0.0% |
| Current assets | 29/58 | €895,849 | €882,503 | -€13,347 | -1.5% |
| Amounts receivable after more than one year | 29 | €315,000 | €315,000 | = | 0.0% |
| Other amounts receivable | 291 | €315,000 | €315,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €432,630 | €433,370 | +€740 | +0.2% |
| Stocks | 30/36 | €432,630 | €433,370 | +€740 | +0.2% |
| Amounts receivable within one year | 40/41 | €58,095 | €75,996 | +€17,901 | +30.8% |
| Trade receivables | 40 | €58,095 | €75,996 | +€17,901 | +30.8% |
| Cash at bank and in hand | 54/58 | €76,871 | €52,604 | -€24,267 | -31.6% |
| Deferred charges and accrued income | 490/1 | €13,253 | €5,532 | -€7,721 | -58.3% |
| Total equity and liabilities | 10/49 | €1,165,724 | €1,136,857 | -€28,867 | -2.5% |
| Equity | 10/15 | €243,680 | €243,680 | = | 0.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €43,680 | €43,680 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,620 | €7,620 | = | 0.0% |
| Legal reserve | 130 | €7,620 | €7,620 | = | 0.0% |
| Distributable reserves | 133 | €36,060 | €36,060 | = | 0.0% |
| Amounts payable | 17/49 | €922,044 | €893,177 | -€28,867 | -3.1% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €837,314 | €775,186 | -€62,128 | -7.4% |
| Trade debts | 44 | €26,886 | €26,161 | -€726 | -2.7% |
| Suppliers | 440/4 | €26,886 | €26,161 | -€726 | -2.7% |
| Taxes, remuneration and social security | 45 | €67,601 | €6,076 | -€61,525 | -91.0% |
| Taxes | 450/3 | €17,601 | €6,076 | -€11,525 | -65.5% |
| Remuneration and social security | 454/9 | €50,000 | - | -€50,000 | |
| Other amounts payable | 47/48 | €742,827 | €742,949 | +€123 | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,730 | €42,992 | +€33,262 | +342% |
| Turnover | 70 | €156,364 | €130,100 | -€26,263 | -16.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €78,507 | €58,650 | -€19,858 | -25.3% |
| Remuneration, social security and pensions | 62 | €787 | €1,072 | +€285 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,181 | €15,520 | -€661 | -4.1% |
| Other operating charges | 640/8 | €1,286 | €1,325 | +€39 | +3.0% |
| Non-recurring operating charges | 66A | €16,535 | - | -€16,535 | |
| Gross operating margin | 9900 | €82,286 | €73,573 | -€8,712 | -10.6% |
| Operating profit (loss) | 9901 | €47,497 | €55,657 | +€8,160 | +17.2% |
| Financial income | 75/76B | €3,929 | €3,943 | +€14 | +0.4% |
| Recurring financial income | 75 | €3,929 | €3,943 | +€14 | +0.4% |
| Financial charges | 65/66B | €7,872 | €23,840 | +€15,968 | +203% |
| Recurring financial charges | 65 | €7,872 | €23,840 | +€15,968 | +203% |
| Profit (loss) for the period before taxes | 9903 | €43,554 | €35,759 | -€7,795 | -17.9% |
| Income taxes | 67/77 | €13,258 | €14,281 | +€1,023 | +7.7% |
| Profit (loss) for the period | 9904 | €30,296 | €21,478 | -€8,818 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,296 | €21,478 | -€8,818 | -29.1% |
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 16 October 2026 via checked.be.