ECOSOL+: 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.
ECOSOL+
Largest movements
- Stocks and contracts -€224,694
down €224,694 (-52.3%), from €429,908 to €205,214
- Tangible fixed assets -€65,171
down €65,171 (-20.7%), from €315,106 to €249,935
of which Land and buildings: -€36,429
- Cash -€38,363
down €38,363 (-26.5%), from €144,722 to €106,358
mainly Net result for the year (-€414,498) and Debts after one year (-€265,093)
- Reserves -€412,445
down €412,445 (-36.2%), from €1.1m to €727,843
of which Distributable reserves: -€802,445
- Debts after one year -€265,093
down €265,093 (-62.2%), from €425,901 to €160,808
- Short-term financial debts +€241,602
up €241,602 (+2876.7%), from €8,398 to €250,000
- Other debts +€179,183
up €179,183 (+3080.5%), from €5,817 to €185,000
- Trade debts -€59,490
down €59,490 (-19.0%), from €312,664 to €253,174
- Gross operating margin -€251,106
down €251,106 (-28.1%), from €893,456 to €642,350
- Staff costs +€194,745
up €194,745 (+25.9%), from €750,913 to €945,658
- Financial income +€10,573
up €10,573 (+252.5%), from €4,188 to €14,761
- Taxes -€9,499
down €9,499 (-80.8%), from €11,758 to €2,259
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 | €2,053,178 | €1,733,413 | -€319,764 | -15.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €315,106 | €249,935 | -€65,171 | -20.7% |
| Tangible fixed assets | 22/27 | €315,106 | €249,935 | -€65,171 | -20.7% |
| Land and buildings | 22 | €211,390 | €174,962 | -€36,429 | -17.2% |
| Plant, machinery and equipment | 23 | €11,426 | €7,756 | -€3,670 | -32.1% |
| Furniture and vehicles | 24 | €92,290 | €67,218 | -€25,072 | -27.2% |
| Current assets | 29/58 | €1,738,072 | €1,483,478 | -€254,593 | -14.6% |
| Stocks and contracts in progress | 3 | €429,908 | €205,214 | -€224,694 | -52.3% |
| Stocks | 30/36 | €429,908 | €205,214 | -€224,694 | -52.3% |
| Amounts receivable within one year | 40/41 | €1,158,709 | €1,167,982 | +€9,272 | +0.8% |
| Trade receivables | 40 | €214,260 | €184,223 | -€30,037 | -14.0% |
| Other amounts receivable | 41 | €944,450 | €983,759 | +€39,309 | +4.2% |
| Cash at bank and in hand | 54/58 | €144,722 | €106,358 | -€38,363 | -26.5% |
| Deferred charges and accrued income | 490/1 | €4,733 | €3,925 | -€808 | -17.1% |
| Total equity and liabilities | 10/49 | €2,053,178 | €1,733,413 | -€319,764 | -15.6% |
| Equity | 10/15 | €1,148,538 | €734,040 | -€414,498 | -36.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,140,288 | €727,843 | -€412,445 | -36.2% |
| Non-distributable reserves | 130/1 | €39,788 | €429,788 | +€390,000 | +980.2% |
| Reserves not available under the articles | 1311 | - | €429,788 | +€429,788 | |
| Other | 1319 | €39,788 | - | -€39,788 | |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,063,000 | €260,555 | -€802,445 | -75.5% |
| Profit (loss) carried forward | 14 | €2,052 | €0 | -€2,052 | -100.0% |
| Amounts payable | 17/49 | €904,639 | €999,373 | +€94,734 | +10.5% |
| Amounts payable after more than one year | 17 | €425,901 | €160,808 | -€265,093 | -62.2% |
| Financial debts | 170/4 | €425,901 | €160,808 | -€265,093 | -62.2% |
| Amounts payable within one year | 42/48 | €478,738 | €838,566 | +€359,827 | +75.2% |
| Current portion of amounts payable after more than one year | 42 | €96,567 | €86,928 | -€9,639 | -10.0% |
| Financial debts | 43 | €8,398 | €250,000 | +€241,602 | +2876.7% |
| Credit institutions | 430/8 | €8,398 | €250,000 | +€241,602 | +2876.7% |
| Trade debts | 44 | €312,664 | €253,174 | -€59,490 | -19.0% |
| Suppliers | 440/4 | €312,664 | €253,174 | -€59,490 | -19.0% |
| Taxes, remuneration and social security | 45 | €55,292 | €63,463 | +€8,171 | +14.8% |
| Taxes | 450/3 | €11,758 | €20,133 | +€8,375 | +71.2% |
| Remuneration and social security | 454/9 | €43,534 | €43,330 | -€204 | -0.5% |
| Other amounts payable | 47/48 | €5,817 | €185,000 | +€179,183 | +3080.5% |
| Non-recurring operating income | 76A | €4,959 | €0 | -€4,959 | -100.0% |
| Remuneration, social security and pensions | 62 | €750,913 | €945,658 | +€194,745 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,939 | €72,466 | -€6,473 | -8.2% |
| Other operating charges | 640/8 | €14,705 | €18,794 | +€4,089 | +27.8% |
| Gross operating margin | 9900 | €893,456 | €642,350 | -€251,106 | -28.1% |
| Operating profit (loss) | 9901 | €48,899 | -€394,568 | -€443,467 | |
| Financial income | 75/76B | €4,188 | €14,761 | +€10,573 | +252.5% |
| Recurring financial income | 75 | €4,188 | €14,761 | +€10,573 | +252.5% |
| Financial charges | 65/66B | €31,485 | €32,432 | +€947 | +3.0% |
| Recurring financial charges | 65 | €31,485 | €32,432 | +€947 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €21,602 | -€412,239 | -€433,841 | |
| Income taxes | 67/77 | €11,758 | €2,259 | -€9,499 | -80.8% |
| Profit (loss) for the period | 9904 | €9,844 | -€414,498 | -€424,342 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,844 | -€414,498 | -€424,342 |
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 6 October 2026 via checked.be.