ECOTECH-WAAS: 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-WAAS
Largest movements
- Receivables within one year +€133,571
up €133,571 (+63.8%), from €209,371 to €342,942
of which Trade receivables: +€135,326
- Cash -€51,115
down €51,115 (-41.4%), from €123,426 to €72,311
mainly Receivables within one year (-€133,571) and Investment in fixed assets (net) (-€2,512)
- Tangible fixed assets -€13,395
down €13,395 (-33.4%), from €40,111 to €26,716
of which Furniture and vehicles: -€12,067
- Reserves +€32,106
up €32,106 (+6.8%), from €474,593 to €506,699
- Trade debts +€26,321
up €26,321 (+721%), from €3,652 to €29,972
- Tax, wage and social debts +€8,299
up €8,299 (+355%), from €2,336 to €10,635
- Gross operating margin +€43,015
up €43,015 (+417%), from €10,314 to €53,329
- Other operating charges -€11,659
down €11,659 (-89.5%), from €13,031 to €1,372
- Taxes +€3,786
up €3,786 (+2,714%), from €140 to €3,925
- Depreciation +€727
up €727 (+4.8%), from €15,180 to €15,907
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 | €630,726 | €699,788 | +€69,061 | +10.9% |
| Fixed assets | 21/28 | €40,351 | €26,956 | -€13,395 | -33.2% |
| Tangible fixed assets | 22/27 | €40,111 | €26,716 | -€13,395 | -33.4% |
| Plant, machinery and equipment | 23 | €3,026 | €1,465 | -€1,560 | -51.6% |
| Furniture and vehicles | 24 | €35,264 | €23,197 | -€12,067 | -34.2% |
| Other tangible fixed assets | 26 | €1,822 | €2,054 | +€232 | +12.7% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €590,375 | €672,831 | +€82,456 | +14.0% |
| Stocks and contracts in progress | 3 | €257,579 | €257,579 | = | 0.0% |
| Stocks | 30/36 | €257,579 | €257,579 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €209,371 | €342,942 | +€133,571 | +63.8% |
| Trade receivables | 40 | €176,106 | €311,432 | +€135,326 | +76.8% |
| Other amounts receivable | 41 | €33,265 | €31,510 | -€1,755 | -5.3% |
| Cash at bank and in hand | 54/58 | €123,426 | €72,311 | -€51,115 | -41.4% |
| Total equity and liabilities | 10/49 | €630,726 | €699,788 | +€69,061 | +10.9% |
| Equity | 10/15 | €486,993 | €519,099 | +€32,106 | +6.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €474,593 | €506,699 | +€32,106 | +6.8% |
| Non-distributable reserves | 130/1 | €474,593 | €506,699 | +€32,106 | +6.8% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €472,733 | €504,839 | +€32,106 | +6.8% |
| Amounts payable | 17/49 | €143,733 | €180,689 | +€36,956 | +25.7% |
| Amounts payable within one year | 42/48 | €143,733 | €180,689 | +€36,956 | +25.7% |
| Trade debts | 44 | €3,652 | €29,972 | +€26,321 | +721% |
| Suppliers | 440/4 | €3,652 | €29,972 | +€26,321 | +721% |
| Taxes, remuneration and social security | 45 | €2,336 | €10,635 | +€8,299 | +355% |
| Taxes | 450/3 | €2,336 | €10,635 | +€8,299 | +355% |
| Other amounts payable | 47/48 | €137,746 | €140,082 | +€2,336 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,180 | €15,907 | +€727 | +4.8% |
| Other operating charges | 640/8 | €13,031 | €1,372 | -€11,659 | -89.5% |
| Gross operating margin | 9900 | €10,314 | €53,329 | +€43,015 | +417% |
| Operating profit (loss) | 9901 | -€17,897 | €36,050 | +€53,947 | |
| Financial income | 75/76B | €526 | €251 | -€275 | -52.2% |
| Recurring financial income | 75 | €526 | €251 | -€275 | -52.2% |
| Financial charges | 65/66B | €568 | €271 | -€297 | -52.3% |
| Recurring financial charges | 65 | €568 | €271 | -€297 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,938 | €36,031 | +€53,969 | |
| Income taxes | 67/77 | €140 | €3,925 | +€3,786 | +2,714% |
| Profit (loss) for the period | 9904 | -€18,078 | €32,106 | +€50,183 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,078 | €32,106 | +€50,183 |
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 23 October 2026 via checked.be.