ECOSO: 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.
What changed
ECOSO
NACE 47.791, Retail sale of antiques
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,789
2024 · €274,534-€260,745
Equity
€7.2m
2024 · €7.1m+€13,789
Cash
€1.2m
2024 · €2.1m-€903,898
Balance sheet total
€11.4m
2024 · €10.5m+€825,085
Largest movements
Assets
- Tangible fixed assets +€1.3m
up €1.3m (+22.6%), from €5.9m to €7.2m
of which Land and buildings: +€828,299
- Cash -€903,898
down €903,898 (-43.3%), from €2.1m to €1.2m
mainly Investment in fixed assets (net) (-€1.8m) and Receivables within one year (-€440,867)
- Receivables within one year +€440,867
up €440,867 (+69.1%), from €638,352 to €1.1m
of which Other amounts receivable: +€321,715
- Deferred charges and accrued income -€114,938
down €114,938 (-43.0%), from €267,299 to €152,360
Equity and liabilities
- Debts after one year +€683,122
up €683,122 (+37.1%), from €1.8m to €2.5m
- Debts within one year +€262,719
up €262,719 (+20.6%), from €1.3m to €1.5m
of which Tax, wage and social debts: +€240,532
- Provisions -€127,289
down €127,289 (-45.1%), from €282,485 to €155,195
Income statement
- Turnover +€453,442
up €453,442 (+8.8%), from €5.2m to €5.6m
- Staff costs +€433,238
up €433,238 (+6.5%), from €6.7m to €7.1m
- Services and other goods +€344,206
up €344,206 (+17.0%), from €2.0m to €2.4m
- Depreciation +€61,729
up €61,729 (+15.5%), from €398,659 to €460,389
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.
Result 2024
€274,534
Turnover
+€453,442
Other operating income
+€5,790
Goods and materials
+€28,676
Services and other goods
-€344,206
Staff costs
-€433,238
Depreciation
-€61,729
Other operating charges
-€21,289
Other operating items
+€156,501
Financial income
+€863
Financial charges
-€45,772
Taxes
+€218
Result 2025
€13,789
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€214,261
Investment
-€1.8m
Financing
+€683,122
Cash 2024
€2.1m
From operations (derived)
+€214,261
Net result for the year
+€13,789
Depreciation
+€460,389
Stocks and contracts
-€62,161
Receivables within one year
-€440,867
Deferred charges and accrued income
+€114,938
Provisions
-€127,289
Debts within one year
+€262,719
Accrued charges and deferred income
-€7,257
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€683,122
Debts after one year
+€683,122
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,542,144 | €11,367,229 | +€825,085 | +7.8% |
| Fixed assets | 21/28 | €6,131,292 | €7,472,185 | +€1.3m | +21.9% |
| Intangible fixed assets | 21 | €1,681 | €4,714 | +€3,033 | +180% |
| Tangible fixed assets | 22/27 | €5,911,681 | €7,248,021 | +€1.3m | +22.6% |
| Land and buildings | 22 | €3,164,657 | €3,992,956 | +€828,299 | +26.2% |
| Plant, machinery and equipment | 23 | €538,533 | €536,696 | -€1,837 | -0.3% |
| Furniture and vehicles | 24 | €341,867 | €353,505 | +€11,638 | +3.4% |
| Leasing and similar rights | 25 | €645,000 | €645,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €3,445 | €2,613 | -€832 | -24.2% |
| Assets under construction and advance payments | 27 | €1,218,178 | €1,717,250 | +€499,072 | +41.0% |
| Financial fixed assets | 28 | €217,930 | €219,450 | +€1,520 | +0.7% |
| Affiliated companies | 280/1 | €1,000 | €1,000 | = | 0.0% |
| Participating interests | 280 | €1,000 | €1,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €216,930 | €218,450 | +€1,520 | +0.7% |
| Shares | 284 | €156,547 | €156,547 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €60,383 | €61,903 | +€1,520 | +2.5% |
| Current assets | 29/58 | €4,410,852 | €3,895,043 | -€515,809 | -11.7% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Trade receivables | 290 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €255,445 | €317,606 | +€62,161 | +24.3% |
| Stocks | 30/36 | €255,445 | €317,606 | +€62,161 | +24.3% |
| Goods purchased for resale | 34 | €255,445 | €317,606 | +€62,161 | +24.3% |
| Amounts receivable within one year | 40/41 | €638,352 | €1,079,219 | +€440,867 | +69.1% |
| Trade receivables | 40 | €279,730 | €398,881 | +€119,151 | +42.6% |
| Other amounts receivable | 41 | €358,622 | €680,338 | +€321,715 | +89.7% |
| Current investments | 50/53 | €1,101,271 | €1,101,271 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,088,486 | €1,184,587 | -€903,898 | -43.3% |
| Deferred charges and accrued income | 490/1 | €267,299 | €152,360 | -€114,938 | -43.0% |
| Total equity and liabilities | 10/49 | €10,542,144 | €11,367,229 | +€825,085 | +7.8% |
| Equity | 10/15 | €7,136,992 | €7,150,781 | +€13,789 | +0.2% |
| Reserves | 13 | €3,698,342 | €3,698,342 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,428,527 | €3,442,316 | +€13,789 | +0.4% |
| Investment grants | 15 | €10,123 | €10,123 | = | 0.0% |
| Provisions and deferred taxes | 16 | €282,485 | €155,195 | -€127,289 | -45.1% |
| Provisions for liabilities and charges | 160/5 | €282,485 | €155,195 | -€127,289 | -45.1% |
| Major repairs and maintenance | 162 | €257,485 | €155,195 | -€102,289 | -39.7% |
| Other liabilities and charges | 164/5 | €25,000 | - | -€25,000 | |
| Amounts payable | 17/49 | €3,122,668 | €4,061,252 | +€938,584 | +30.1% |
| Amounts payable after more than one year | 17 | €1,839,849 | €2,522,971 | +€683,122 | +37.1% |
| Financial debts | 170/4 | €1,839,849 | €2,522,971 | +€683,122 | +37.1% |
| Leasing and similar obligations | 172 | €447,713 | €432,088 | -€15,625 | -3.5% |
| Credit institutions | 173 | €1,392,135 | €2,090,883 | +€698,747 | +50.2% |
| Amounts payable within one year | 42/48 | €1,275,562 | €1,538,281 | +€262,719 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €161,901 | €228,878 | +€66,977 | +41.4% |
| Trade debts | 44 | €433,907 | €346,889 | -€87,018 | -20.1% |
| Suppliers | 440/4 | €433,907 | €346,889 | -€87,018 | -20.1% |
| Taxes, remuneration and social security | 45 | €647,133 | €887,666 | +€240,532 | +37.2% |
| Taxes | 450/3 | €45,993 | €121,306 | +€75,313 | +164% |
| Remuneration and social security | 454/9 | €601,140 | €766,360 | +€165,219 | +27.5% |
| Accrued charges and deferred income | 492/3 | €7,257 | - | -€7,257 | |
| Operating income | 70/76A | €9,951,251 | €10,488,398 | +€537,146 | +5.4% |
| Turnover | 70 | €5,163,556 | €5,616,998 | +€453,442 | +8.8% |
| Membership fees, donations, legacies and grants | 73 | €4,667,786 | €4,688,305 | +€20,519 | +0.4% |
| Other operating income | 74 | €101,114 | €106,904 | +€5,790 | +5.7% |
| Non-recurring operating income | 76A | €18,795 | €76,191 | +€57,395 | +305% |
| Operating charges | 60/66A | €9,617,741 | €10,370,941 | +€753,201 | +7.8% |
| Goods for resale, raw materials and consumables | 60 | €410,679 | €382,003 | -€28,676 | -7.0% |
| Purchases | 600/8 | €363,345 | €444,164 | +€80,819 | +22.2% |
| Change in stocks: decrease (increase) | 609 | €47,333 | -€62,161 | -€109,495 | |
| Services and other goods | 61 | €2,023,403 | €2,367,609 | +€344,206 | +17.0% |
| Remuneration, social security and pensions | 62 | €6,699,458 | €7,132,695 | +€433,238 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €398,659 | €460,389 | +€61,729 | +15.5% |
| Other operating charges | 640/8 | €133,510 | €154,800 | +€21,289 | +15.9% |
| Non-recurring operating charges | 66A | €4,706 | €734 | -€3,971 | -84.4% |
| Operating profit (loss) | 9901 | €333,511 | €117,456 | -€216,054 | -64.8% |
| Financial income | 75/76B | €1,192 | €2,055 | +€863 | +72.4% |
| Recurring financial income | 75 | €1,192 | €2,055 | +€863 | +72.4% |
| Income from financial fixed assets | 750 | €57 | - | -€57 | |
| Income from current assets | 751 | €406 | €376 | -€30 | -7.3% |
| Other financial income | 752/9 | €729 | €1,679 | +€949 | +130% |
| Financial charges | 65/66B | €59,950 | €105,722 | +€45,772 | +76.4% |
| Recurring financial charges | 65 | €59,950 | €105,722 | +€45,772 | +76.4% |
| Debt charges | 650 | €35,076 | €71,244 | +€36,168 | +103% |
| Other financial charges | 652/9 | €24,874 | €34,478 | +€9,605 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €274,753 | €13,789 | -€260,963 | -95.0% |
| Income taxes | 67/77 | €218 | - | -€218 | |
| Taxes | 670/3 | €218 | - | -€218 | |
| Profit (loss) for the period | 9904 | €274,534 | €13,789 | -€260,745 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €274,534 | €13,789 | -€260,745 | -95.0% |
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 15 October 2026 via checked.be.