ECOSOURCEn: 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
ECOSOURCEn
NACE 77.320, Rental and leasing activities
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€166,414
2023 · €2.5m-€2.7m
Equity
€2.2m
2023 · €2.4m-€173,778
Cash
€4,127
2023 · €7,626-€3,499
Balance sheet total
€3.8m
2023 · €4.2m-€374,851
Largest movements
Assets
- Receivables within one year -€443,215
down €443,215 (-53.8%), from €823,491 to €380,276
of which Other amounts receivable: -€576,093
- Financial fixed assets +€181,544
up €181,544 (+454%), from €40,000 to €221,544
- Receivables after one year -€50,000
no longer reported in 2024 (was €50,000)
Equity and liabilities
- Advances received -€180,379
no longer reported in 2024 (was €180,379)
- Trade debts +€171,512
up €171,512 (+275%), from €62,261 to €233,773
- Profit (loss) carried forward -€166,414
down €166,414 (-16.6%), from €1.0m to €836,230
- Short-term financial debts +€112,950
up €112,950 (+124%), from €90,978 to €203,928
- Other debts -€111,789
down €111,789 (-9.3%), from €1.2m to €1.1m
Income statement
- Gross operating margin -€3.0m
down €3.0m (-99.2%), from €3.0m to €25,710
- Financial income +€97,076
up €97,076 (+1,056%), from €9,192 to €106,269
of which Non-recurring financial income: +€94,444
From the 2023 result to the 2024 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 2023
€2.5m
Gross operating margin
-€3.0m
Staff costs
-€4,652
Depreciation
-€16,189
Other operating charges
+€16,134
Other operating items
+€193,662
Financial income
+€97,076
Financial charges
+€20,151
Taxes
+€71
Result 2024
-€166,414
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€236,537
Investment
-€245,622
Financing
+€5,586
Cash 2023
€7,626
From operations (derived)
+€236,537
Net result for the year
-€166,414
Depreciation
+€94,307
Receivables after one year
+€50,000
Stocks and contracts
+€31,985
Receivables within one year
+€443,215
Deferred charges and accrued income
-€2,533
Trade debts
+€171,512
Tax, wage and social debts
-€90,511
Advances received
-€180,379
Other debts
-€111,789
Accrued charges and deferred income
-€2,856
Investment (derived)
-€245,622
Investment in fixed assets (net)
-€245,622
Financing
+€5,586
Debts after one year
-€100,000
Short-term financial debts
+€112,950
Contributions, distributions and other
-€7,364
Cash 2024
€4,127
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,212,853 | €3,838,002 | -€374,851 | -8.9% |
| Fixed assets | 21/28 | €2,848,425 | €2,999,739 | +€151,315 | +5.3% |
| Intangible fixed assets | 21 | €2,699,991 | €2,673,675 | -€26,316 | -1.0% |
| Tangible fixed assets | 22/27 | €108,434 | €104,520 | -€3,914 | -3.6% |
| Plant, machinery and equipment | 23 | €106,986 | €97,676 | -€9,310 | -8.7% |
| Furniture and vehicles | 24 | €1,448 | €6,844 | +€5,396 | +373% |
| Financial fixed assets | 28 | €40,000 | €221,544 | +€181,544 | +454% |
| Current assets | 29/58 | €1,364,428 | €838,263 | -€526,165 | -38.6% |
| Amounts receivable after more than one year | 29 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 291 | €50,000 | - | -€50,000 | |
| Stocks and contracts in progress | 3 | €483,155 | €451,171 | -€31,985 | -6.6% |
| Stocks | 30/36 | €483,155 | €451,171 | -€31,985 | -6.6% |
| Amounts receivable within one year | 40/41 | €823,491 | €380,276 | -€443,215 | -53.8% |
| Trade receivables | 40 | €21,394 | €154,271 | +€132,878 | +621% |
| Other amounts receivable | 41 | €802,098 | €226,004 | -€576,093 | -71.8% |
| Cash at bank and in hand | 54/58 | €7,626 | €4,127 | -€3,499 | -45.9% |
| Deferred charges and accrued income | 490/1 | €155 | €2,689 | +€2,533 | +1,631% |
| Total equity and liabilities | 10/49 | €4,212,853 | €3,838,002 | -€374,851 | -8.9% |
| Equity | 10/15 | €2,362,184 | €2,188,406 | -€173,778 | -7.4% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €75,000 | €75,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €75,000 | €75,000 | = | 0.0% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,002,644 | €836,230 | -€166,414 | -16.6% |
| Investment grants | 15 | €534,540 | €527,176 | -€7,364 | -1.4% |
| Amounts payable | 17/49 | €1,850,669 | €1,649,596 | -€201,073 | -10.9% |
| Amounts payable after more than one year | 17 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Financial debts | 170/4 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Amounts payable within one year | 42/48 | €1,647,644 | €1,549,428 | -€98,216 | -6.0% |
| Financial debts | 43 | €90,978 | €203,928 | +€112,950 | +124% |
| Credit institutions | 430/8 | €90,978 | €203,928 | +€112,950 | +124% |
| Trade debts | 44 | €62,261 | €233,773 | +€171,512 | +275% |
| Suppliers | 440/4 | €62,261 | €233,773 | +€171,512 | +275% |
| Advances received on contracts in progress | 46 | €180,379 | - | -€180,379 | |
| Taxes, remuneration and social security | 45 | €111,393 | €20,882 | -€90,511 | -81.3% |
| Taxes | 450/3 | €76,739 | €125 | -€76,614 | -99.8% |
| Remuneration and social security | 454/9 | €34,654 | €20,757 | -€13,897 | -40.1% |
| Other amounts payable | 47/48 | €1,202,634 | €1,090,845 | -€111,789 | -9.3% |
| Accrued charges and deferred income | 492/3 | €3,024 | €168 | -€2,856 | -94.4% |
| Remuneration, social security and pensions | 62 | €152,247 | €156,899 | +€4,652 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,119 | €94,307 | +€16,189 | +20.7% |
| Other operating charges | 640/8 | €17,324 | €1,190 | -€16,134 | -93.1% |
| Non-recurring operating charges | 66A | €193,662 | - | -€193,662 | |
| Gross operating margin | 9900 | €3,042,044 | €25,710 | -€3.0m | -99.2% |
| Operating profit (loss) | 9901 | €2,600,693 | -€226,686 | -€2.8m | |
| Financial income | 75/76B | €9,192 | €106,269 | +€97,076 | +1,056% |
| Recurring financial income | 75 | €9,192 | €11,824 | +€2,632 | +28.6% |
| Non-recurring financial income | 76B | - | €94,444 | +€94,444 | |
| Financial charges | 65/66B | €66,027 | €45,876 | -€20,151 | -30.5% |
| Recurring financial charges | 65 | €66,027 | €45,876 | -€20,151 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €2,543,858 | -€166,294 | -€2.7m | |
| Income taxes | 67/77 | €191 | €120 | -€71 | -37.0% |
| Profit (loss) for the period | 9904 | €2,543,667 | -€166,414 | -€2.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,543,667 | -€166,414 | -€2.7m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.