EcoT: 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.
EcoT
Largest movements
- Tangible fixed assets +€16,013
up €16,013 (+88.5%), from €18,096 to €34,109
of which Leasing and similar rights: +€20,436
- Cash -€5,753
down €5,753 (-90.1%), from €6,385 to €632
mainly Investment in fixed assets (net) (-€30,939) and Net result for the year (-€7,844)
- Stocks and contracts -€1,082
down €1,082 (-10.0%), from €10,817 to €9,736
- Debts after one year +€18,037
up €18,037 (+315%), from €5,728 to €23,764
- Profit (loss) carried forward -€7,844
down €7,844 (-74.4%), from €10,548 to €2,704
- Tax, wage and social debts -€2,241
down €2,241 (-47.6%), from €4,710 to €2,469
- Short-term financial debts +€1,654
new in 2025: €1,654
- Current portion of long-term debt +€705
up €705 (+16.2%), from €4,367 to €5,073
- Gross operating margin -€14,141
down €14,141 (-54.8%), from €25,793 to €11,652
- Depreciation +€5,574
up €5,574 (+62.3%), from €8,947 to €14,521
- Taxes -€3,053
down €3,053 (-92.1%), from €3,314 to €261
- Write-downs +€1,082
new in 2025: €1,082
- Financial charges +€528
up €528 (+32.5%), from €1,625 to €2,153
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,352 | €58,978 | +€9,626 | +19.5% |
| Fixed assets | 21/28 | €18,096 | €34,514 | +€16,418 | +90.7% |
| Tangible fixed assets | 22/27 | €18,096 | €34,109 | +€16,013 | +88.5% |
| Land and buildings | 22 | €2,748 | - | -€2,748 | |
| Plant, machinery and equipment | 23 | €2,458 | €4,053 | +€1,594 | +64.8% |
| Furniture and vehicles | 24 | €3,285 | €16 | -€3,269 | -99.5% |
| Leasing and similar rights | 25 | €9,605 | €30,041 | +€20,436 | +213% |
| Financial fixed assets | 28 | - | €405 | +€405 | |
| Current assets | 29/58 | €31,256 | €24,464 | -€6,791 | -21.7% |
| Stocks and contracts in progress | 3 | €10,817 | €9,736 | -€1,082 | -10.0% |
| Stocks | 30/36 | €10,817 | €9,736 | -€1,082 | -10.0% |
| Amounts receivable within one year | 40/41 | €13,333 | €13,872 | +€539 | +4.0% |
| Trade receivables | 40 | €5,502 | €4,508 | -€994 | -18.1% |
| Other amounts receivable | 41 | €7,831 | €9,364 | +€1,532 | +19.6% |
| Cash at bank and in hand | 54/58 | €6,385 | €632 | -€5,753 | -90.1% |
| Deferred charges and accrued income | 490/1 | €720 | €224 | -€496 | -68.8% |
| Total equity and liabilities | 10/49 | €49,352 | €58,978 | +€9,626 | +19.5% |
| Equity | 10/15 | €31,008 | €23,164 | -€7,844 | -25.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,548 | €2,704 | -€7,844 | -74.4% |
| Amounts payable | 17/49 | €18,344 | €35,814 | +€17,470 | +95.2% |
| Amounts payable after more than one year | 17 | €5,728 | €23,764 | +€18,037 | +315% |
| Financial debts | 170/4 | €5,728 | €23,764 | +€18,037 | +315% |
| Amounts payable within one year | 42/48 | €12,616 | €12,050 | -€567 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €4,367 | €5,073 | +€705 | +16.2% |
| Financial debts | 43 | - | €1,654 | +€1,654 | |
| Credit institutions | 430/8 | - | €1,654 | +€1,654 | |
| Trade debts | 44 | €3,539 | €2,854 | -€686 | -19.4% |
| Suppliers | 440/4 | €3,539 | €2,854 | -€686 | -19.4% |
| Taxes, remuneration and social security | 45 | €4,710 | €2,469 | -€2,241 | -47.6% |
| Taxes | 450/3 | €4,710 | €2,469 | -€2,241 | -47.6% |
| Non-recurring operating income | 76A | - | €2,709 | +€2,709 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,947 | €14,521 | +€5,574 | +62.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,082 | +€1,082 | |
| Other operating charges | 640/8 | €1,424 | €1,089 | -€335 | -23.6% |
| Non-recurring operating charges | 66A | - | €416 | +€416 | |
| Gross operating margin | 9900 | €25,793 | €11,652 | -€14,141 | -54.8% |
| Operating profit (loss) | 9901 | €15,422 | -€5,455 | -€20,878 | |
| Financial income | 75/76B | €12 | €26 | +€14 | +111% |
| Recurring financial income | 75 | €12 | €26 | +€14 | +111% |
| Financial charges | 65/66B | €1,625 | €2,153 | +€528 | +32.5% |
| Recurring financial charges | 65 | €1,625 | €2,153 | +€528 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | €13,809 | -€7,582 | -€21,392 | |
| Income taxes | 67/77 | €3,314 | €261 | -€3,053 | -92.1% |
| Profit (loss) for the period | 9904 | €10,495 | -€7,844 | -€18,339 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,495 | -€7,844 | -€18,339 |
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.