ECOTECH: 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.
ECOTECH
Largest movements
- Receivables within one year +€138,792
up €138,792 (+69.3%), from €200,218 to €339,010
of which Trade receivables: +€80,758
- Tangible fixed assets -€10,709
down €10,709 (-20.0%), from €53,637 to €42,928
of which Furniture and vehicles: -€7,967
- Deferred charges and accrued income -€9,522
down €9,522 (-76.5%), from €12,453 to €2,931
- Reserves +€52,143
up €52,143 (+17.7%), from €293,791 to €345,933
- Trade debts +€41,631
up €41,631 (+227%), from €18,374 to €60,005
- Tax, wage and social debts +€17,490
up €17,490 (+38.3%), from €45,706 to €63,196
of which Remuneration and social security: +€15,385
- Staff costs +€116,291
up €116,291 (+68.3%), from €170,256 to €286,547
- Gross operating margin +€52,493
up €52,493 (+16.2%), from €323,677 to €376,170
- Taxes -€20,043
down €20,043 (-42.2%), from €47,547 to €27,504
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 | €400,560 | €514,797 | +€114,237 | +28.5% |
| Fixed assets | 21/28 | €53,637 | €42,928 | -€10,709 | -20.0% |
| Tangible fixed assets | 22/27 | €53,637 | €42,928 | -€10,709 | -20.0% |
| Plant, machinery and equipment | 23 | €951 | €802 | -€150 | -15.7% |
| Furniture and vehicles | 24 | €36,129 | €28,163 | -€7,967 | -22.1% |
| Other tangible fixed assets | 26 | €16,556 | €13,964 | -€2,593 | -15.7% |
| Current assets | 29/58 | €346,923 | €471,869 | +€124,946 | +36.0% |
| Stocks and contracts in progress | 3 | €22,400 | €21,900 | -€500 | -2.2% |
| Stocks | 30/36 | €22,400 | €21,900 | -€500 | -2.2% |
| Amounts receivable within one year | 40/41 | €200,218 | €339,010 | +€138,792 | +69.3% |
| Trade receivables | 40 | €145,112 | €225,870 | +€80,758 | +55.7% |
| Other amounts receivable | 41 | €55,106 | €113,140 | +€58,034 | +105% |
| Cash at bank and in hand | 54/58 | €111,852 | €108,028 | -€3,824 | -3.4% |
| Deferred charges and accrued income | 490/1 | €12,453 | €2,931 | -€9,522 | -76.5% |
| Total equity and liabilities | 10/49 | €400,560 | €514,797 | +€114,237 | +28.5% |
| Equity | 10/15 | €312,391 | €364,533 | +€52,143 | +16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €293,791 | €345,933 | +€52,143 | +17.7% |
| Distributable reserves | 133 | €293,791 | €345,933 | +€52,143 | +17.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €88,169 | €150,264 | +€62,094 | +70.4% |
| Amounts payable within one year | 42/48 | €85,890 | €147,703 | +€61,813 | +72.0% |
| Trade debts | 44 | €18,374 | €60,005 | +€41,631 | +227% |
| Suppliers | 440/4 | €18,374 | €60,005 | +€41,631 | +227% |
| Taxes, remuneration and social security | 45 | €45,706 | €63,196 | +€17,490 | +38.3% |
| Taxes | 450/3 | €14,412 | €16,517 | +€2,105 | +14.6% |
| Remuneration and social security | 454/9 | €31,294 | €46,679 | +€15,385 | +49.2% |
| Other amounts payable | 47/48 | €21,810 | €24,502 | +€2,692 | +12.3% |
| Accrued charges and deferred income | 492/3 | €2,279 | €2,561 | +€282 | +12.4% |
| Remuneration, social security and pensions | 62 | €170,256 | €286,547 | +€116,291 | +68.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,041 | €12,059 | +€2,018 | +20.1% |
| Other operating charges | 640/8 | €3,219 | €4,282 | +€1,063 | +33.0% |
| Gross operating margin | 9900 | €323,677 | €376,170 | +€52,493 | +16.2% |
| Operating profit (loss) | 9901 | €140,160 | €73,281 | -€66,879 | -47.7% |
| Financial income | 75/76B | €4,417 | €7,160 | +€2,743 | +62.1% |
| Recurring financial income | 75 | €4,417 | €7,160 | +€2,743 | +62.1% |
| Financial charges | 65/66B | €1,420 | €795 | -€626 | -44.1% |
| Recurring financial charges | 65 | €1,420 | €795 | -€626 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €143,158 | €79,647 | -€63,511 | -44.4% |
| Income taxes | 67/77 | €47,547 | €27,504 | -€20,043 | -42.2% |
| Profit (loss) for the period | 9904 | €95,610 | €52,143 | -€43,467 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €95,610 | €52,143 | -€43,467 | -45.5% |
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 14 October 2026 via checked.be.