ECOSTARE: 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.
ECOSTARE
Largest movements
- Tangible fixed assets +€20,524
up €20,524 (+711.5%), from €2,885 to €23,409
of which Furniture and vehicles: +€20,958
- Receivables within one year -€8,701
down €8,701 (-47.3%), from €18,408 to €9,707
of which Trade receivables: -€9,916
- Cash +€4,473
up €4,473 (+35.8%), from €12,485 to €16,958
mainly Debts after one year (+€20,220) and Receivables within one year (+€8,701)
- Debts after one year +€20,220
new in 2025: €20,220
- Tax, wage and social debts -€9,771
down €9,771 (-87.9%), from €11,111 to €1,340
- Current portion of long-term debt +€4,780
new in 2025: €4,780
- Reserves +€3,322
up €3,322 (+36.2%), from €9,171 to €12,493
- Trade debts -€2,304
down €2,304 (-50.6%), from €4,550 to €2,247
- Gross operating margin +€22,913
up €22,913, from -€2,424 to €20,489
- Taxes +€1,152
up €1,152 (+900.0%), from €128 to €1,280
- Depreciation +€485
up €485 (+34.6%), from €1,401 to €1,886
- Other operating charges -€421
down €421 (-31.1%), from €1,354 to €933
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 | €34,201 | €50,549 | +€16,349 | +47.8% |
| Fixed assets | 21/28 | €2,885 | €23,409 | +€20,524 | +711.5% |
| Tangible fixed assets | 22/27 | €2,885 | €23,409 | +€20,524 | +711.5% |
| Plant, machinery and equipment | 23 | €872 | €437 | -€435 | -49.9% |
| Furniture and vehicles | 24 | €2,013 | €22,971 | +€20,958 | +1041.2% |
| Current assets | 29/58 | €31,316 | €27,141 | -€4,175 | -13.3% |
| Amounts receivable within one year | 40/41 | €18,408 | €9,707 | -€8,701 | -47.3% |
| Trade receivables | 40 | €18,403 | €8,487 | -€9,916 | -53.9% |
| Other amounts receivable | 41 | €6 | €1,220 | +€1,214 | +21417.6% |
| Cash at bank and in hand | 54/58 | €12,485 | €16,958 | +€4,473 | +35.8% |
| Deferred charges and accrued income | 490/1 | €423 | €476 | +€53 | +12.6% |
| Total equity and liabilities | 10/49 | €34,201 | €50,549 | +€16,349 | +47.8% |
| Equity | 10/15 | €14,171 | €17,493 | +€3,322 | +23.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,171 | €12,493 | +€3,322 | +36.2% |
| Distributable reserves | 133 | €9,171 | €12,493 | +€3,322 | +36.2% |
| Amounts payable | 17/49 | €20,030 | €33,056 | +€13,027 | +65.0% |
| Amounts payable after more than one year | 17 | - | €20,220 | +€20,220 | |
| Financial debts | 170/4 | - | €20,220 | +€20,220 | |
| Amounts payable within one year | 42/48 | €20,030 | €12,836 | -€7,193 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | - | €4,780 | +€4,780 | |
| Trade debts | 44 | €4,550 | €2,247 | -€2,304 | -50.6% |
| Suppliers | 440/4 | €4,550 | €2,247 | -€2,304 | -50.6% |
| Taxes, remuneration and social security | 45 | €11,111 | €1,340 | -€9,771 | -87.9% |
| Taxes | 450/3 | €11,111 | €1,340 | -€9,771 | -87.9% |
| Other amounts payable | 47/48 | €4,368 | €4,469 | +€101 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,401 | €1,886 | +€485 | +34.6% |
| Other operating charges | 640/8 | €1,354 | €933 | -€421 | -31.1% |
| Non-recurring operating charges | 66A | - | €12,818 | +€12,818 | |
| Gross operating margin | 9900 | -€2,424 | €20,489 | +€22,913 | |
| Operating profit (loss) | 9901 | -€5,179 | €4,853 | +€10,032 | |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €312 | €251 | -€61 | -19.5% |
| Recurring financial charges | 65 | €312 | €251 | -€61 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,473 | €4,602 | +€10,075 | |
| Income taxes | 67/77 | €128 | €1,280 | +€1,152 | +900.0% |
| Profit (loss) for the period | 9904 | -€5,601 | €3,322 | +€8,923 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,601 | €3,322 | +€8,923 |
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.