ECOSTAL: 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.
What changed
ECOSTAL
NACE 46.643, Wholesale of electrical equipment, including installation materials
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3.0m
2024 · -€2.8m-€148,412
Equity
€27.1m
2024 · €30.1m-€3.0m
Cash
€1.5m
2024 · €1.8m-€226,765
Balance sheet total
€121.1m
2024 · €121.7m-€614,451
Largest movements
Assets
- Stocks and contracts -€1.7m
down €1.7m (-20.1%), from €8.4m to €6.7m
- Receivables within one year +€1.7m
up €1.7m (+25.9%), from €6.4m to €8.0m
of which Other amounts receivable: +€1.7m
Equity and liabilities
- Debts after one year +€11.1m
up €11.1m (+21.8%), from €51.1m to €62.2m
- Short-term financial debts -€6.4m
down €6.4m (-56.7%), from €11.4m to €4.9m
- Current portion of long-term debt -€4.9m
down €4.9m (-97.4%), from €5.0m to €129,061
- Profit (loss) carried forward -€3.0m
down €3.0m (-25.0%), from €11.9m to €8.9m
- Accrued charges and deferred income +€1.4m
up €1.4m (+388.7%), from €362,147 to €1.8m
Income statement
- Goods and materials -€1.5m
down €1.5m (-4.9%), from €30.1m to €28.6m
of which Change in stocks: decrease (increase): -€3.5m
- Financial charges +€1.1m
up €1.1m (+42.4%), from €2.7m to €3.8m
- Write-downs -€348,031
down €348,031, from €67,433 to -€280,598
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
-€2.8m
Turnover
-€18,121
Other operating income
-€152,473
Goods and materials
+€1.5m
Services and other goods
-€238,406
Staff costs
-€65,407
Depreciation
-€103,579
Write-downs
+€348,031
Provisions
+€17,447
Other operating charges
-€96,503
Other operating items
+€61,005
Financial income
-€220,511
Financial charges
-€1.1m
Taxes
-€18,797
Result 2025
-€3.0m
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.
From operations
-€44,128
Investment
-€20,573
Financing
-€162,064
Cash 2024
€1.8m
From operations (derived)
-€44,128
Net result for the year
-€3.0m
Depreciation
+€352,936
Stocks and contracts
+€1.7m
Receivables within one year
-€1.7m
Deferred charges and accrued income
+€30,160
Provisions
-€8,724
Trade debts
+€574,672
Tax, wage and social debts
-€116,210
Advances received
-€75,266
Other debts
+€736,840
Accrued charges and deferred income
+€1.4m
Investment (derived)
-€20,573
Investment in fixed assets (net)
-€20,478
Current investments
-€95
Financing
-€162,064
Debts after one year
+€11.1m
Current portion of long-term debt
-€4.9m
Short-term financial debts
-€6.4m
Contributions, distributions and other
-€2,341
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,670,728 | €121,056,278 | -€614,451 | -0.5% |
| Formation expenses | 20 | €931,979 | €728,847 | -€203,131 | -21.8% |
| Fixed assets | 21/28 | €104,137,552 | €104,008,224 | -€129,327 | -0.1% |
| Intangible fixed assets | 21 | €39,301 | €19,346 | -€19,955 | -50.8% |
| Tangible fixed assets | 22/27 | €322,053 | €212,681 | -€109,372 | -34.0% |
| Plant, machinery and equipment | 23 | €83,316 | €52,309 | -€31,007 | -37.2% |
| Furniture and vehicles | 24 | €231,722 | €149,993 | -€81,729 | -35.3% |
| Other tangible fixed assets | 26 | €7,015 | €10,379 | +€3,364 | +48.0% |
| Financial fixed assets | 28 | €103,776,198 | €103,776,198 | = | 0.0% |
| Affiliated companies | 280/1 | €103,776,100 | €103,776,100 | = | 0.0% |
| Participating interests | 280 | €103,776,100 | €103,776,100 | = | 0.0% |
| Other financial fixed assets | 284/8 | €98 | €98 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €16,601,198 | €16,319,206 | -€281,992 | -1.7% |
| Stocks and contracts in progress | 3 | €8,377,510 | €6,695,355 | -€1.7m | -20.1% |
| Stocks | 30/36 | €8,377,510 | €6,695,355 | -€1.7m | -20.1% |
| Goods purchased for resale | 34 | €8,377,510 | €6,695,355 | -€1.7m | -20.1% |
| Advance payments | 36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €6,390,776 | €8,047,768 | +€1.7m | +25.9% |
| Trade receivables | 40 | €4,646,672 | €4,641,183 | -€5,489 | -0.1% |
| Other amounts receivable | 41 | €1,744,104 | €3,406,586 | +€1.7m | +95.3% |
| Current investments | 50/53 | - | €95 | +€95 | |
| Other investments | 51/53 | - | €95 | +€95 | |
| Cash at bank and in hand | 54/58 | €1,752,723 | €1,525,957 | -€226,765 | -12.9% |
| Deferred charges and accrued income | 490/1 | €80,190 | €50,030 | -€30,160 | -37.6% |
| Total equity and liabilities | 10/49 | €121,670,728 | €121,056,278 | -€614,451 | -0.5% |
| Equity | 10/15 | €30,085,619 | €27,111,838 | -€3.0m | -9.9% |
| Contributions | 10/11 | €18,100,000 | €18,100,000 | = | 0.0% |
| Capital | 10 | €18,100,000 | €18,100,000 | = | 0.0% |
| Issued capital | 100 | €18,100,000 | €18,100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,897,086 | €8,925,646 | -€3.0m | -25.0% |
| Investment grants | 15 | €78,533 | €76,192 | -€2,341 | -3.0% |
| Provisions and deferred taxes | 16 | €8,724 | €0 | -€8,724 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €8,724 | €0 | -€8,724 | -100.0% |
| Other liabilities and charges | 164/5 | €8,724 | €0 | -€8,724 | -100.0% |
| Amounts payable | 17/49 | €91,576,386 | €93,944,440 | +€2.4m | +2.6% |
| Amounts payable after more than one year | 17 | €51,065,150 | €62,200,455 | +€11.1m | +21.8% |
| Financial debts | 170/4 | €51,065,150 | €62,200,455 | +€11.1m | +21.8% |
| Subordinated loans | 170 | €21,303,861 | €21,610,021 | +€306,160 | +1.4% |
| Credit institutions | 173 | €29,761,289 | €40,590,434 | +€10.8m | +36.4% |
| Amounts payable within one year | 42/48 | €40,149,089 | €29,974,097 | -€10.2m | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €4,986,088 | €129,061 | -€4.9m | -97.4% |
| Financial debts | 43 | €11,350,000 | €4,912,000 | -€6.4m | -56.7% |
| Credit institutions | 430/8 | €11,350,000 | €4,912,000 | -€6.4m | -56.7% |
| Trade debts | 44 | €3,486,352 | €4,061,024 | +€574,672 | +16.5% |
| Suppliers | 440/4 | €3,486,352 | €4,061,024 | +€574,672 | +16.5% |
| Advances received on contracts in progress | 46 | €92,579 | €17,313 | -€75,266 | -81.3% |
| Taxes, remuneration and social security | 45 | €508,169 | €391,959 | -€116,210 | -22.9% |
| Taxes | 450/3 | €445,344 | €313,766 | -€131,578 | -29.5% |
| Remuneration and social security | 454/9 | €62,825 | €78,193 | +€15,368 | +24.5% |
| Other amounts payable | 47/48 | €19,725,900 | €20,462,740 | +€736,840 | +3.7% |
| Accrued charges and deferred income | 492/3 | €362,147 | €1,769,888 | +€1.4m | +388.7% |
| Operating income | 70/76A | €32,913,408 | €32,742,814 | -€170,594 | -0.5% |
| Turnover | 70 | €32,486,151 | €32,468,030 | -€18,121 | -0.1% |
| Other operating income | 74 | €427,258 | €274,785 | -€152,473 | -35.7% |
| Operating charges | 60/66A | €33,533,090 | €32,140,184 | -€1.4m | -4.2% |
| Goods for resale, raw materials and consumables | 60 | €30,082,078 | €28,611,761 | -€1.5m | -4.9% |
| Purchases | 600/8 | €24,634,684 | €26,713,331 | +€2.1m | +8.4% |
| Change in stocks: decrease (increase) | 609 | €5,447,394 | €1,898,431 | -€3.5m | -65.1% |
| Services and other goods | 61 | €2,275,137 | €2,513,543 | +€238,406 | +10.5% |
| Remuneration, social security and pensions | 62 | €716,859 | €782,266 | +€65,407 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249,357 | €352,936 | +€103,579 | +41.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €67,433 | -€280,598 | -€348,031 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €8,724 | -€8,724 | -€17,447 | |
| Other operating charges | 640/8 | €72,495 | €168,998 | +€96,503 | +133.1% |
| Non-recurring operating charges | 66A | €61,005 | €0 | -€61,005 | -100.0% |
| Operating profit (loss) | 9901 | -€619,681 | €602,630 | +€1.2m | |
| Financial income | 75/76B | €467,257 | €246,746 | -€220,511 | -47.2% |
| Recurring financial income | 75 | €467,257 | €246,746 | -€220,511 | -47.2% |
| Income from current assets | 751 | €139,502 | €78,297 | -€61,205 | -43.9% |
| Other financial income | 752/9 | €327,755 | €168,449 | -€159,306 | -48.6% |
| Financial charges | 65/66B | €2,669,093 | €3,800,507 | +€1.1m | +42.4% |
| Recurring financial charges | 65 | €2,669,093 | €3,800,507 | +€1.1m | +42.4% |
| Debt charges | 650 | €2,600,682 | €3,704,033 | +€1.1m | +42.4% |
| Other financial charges | 652/9 | €68,411 | €96,475 | +€28,064 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,821,517 | -€2,951,131 | -€129,614 | -4.6% |
| Income taxes | 67/77 | €1,511 | €20,309 | +€18,797 | +1244.0% |
| Taxes | 670/3 | €1,535 | €20,309 | +€18,773 | +1222.9% |
| Tax adjustments and reversals of tax provisions | 77 | €24 | €0 | -€24 | -100.0% |
| Profit (loss) for the period | 9904 | -€2,823,028 | -€2,971,440 | -€148,412 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,823,028 | -€2,971,440 | -€148,412 | -5.3% |
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 1 October 2026 via checked.be.