Ecotel Consultancy: 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.
Ecotel Consultancy
Largest movements
- Tangible fixed assets +€159,658
up €159,658 (+497%), from €32,109 to €191,767
of which Land and buildings: +€167,685
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash -€72,008
down €72,008 (-96.6%), from €74,573 to €2,565
mainly Investment in fixed assets (net) (-€168,008) and Receivables within one year (-€39,648)
- Receivables within one year +€39,648
up €39,648 (+163%), from €24,282 to €63,930
of which Trade receivables: +€20,648
- Tax, wage and social debts +€14,550
up €14,550 (+86.6%), from €16,807 to €31,357
- Reserves +€10,000
up €10,000 (+25.0%), from €40,000 to €50,000
- Trade debts +€3,259
up €3,259 (+108,640%), from €3 to €3,262
- Taxes +€13,327
up €13,327 (+503%), from €2,652 to €15,979
- Financial charges +€8,663
up €8,663 (+5,380%), from €161 to €8,824
- Gross operating margin -€7,298
down €7,298 (-14.4%), from €50,682 to €43,384
- Financial income +€2,459
up €2,459 (+8,198%), from €30 to €2,489
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 | €230,964 | €260,855 | +€29,891 | +12.9% |
| Fixed assets | 21/28 | €32,109 | €191,767 | +€159,658 | +497% |
| Tangible fixed assets | 22/27 | €32,109 | €191,767 | +€159,658 | +497% |
| Land and buildings | 22 | - | €167,685 | +€167,685 | |
| Furniture and vehicles | 24 | €32,109 | €24,082 | -€8,027 | -25.0% |
| Current assets | 29/58 | €198,855 | €69,087 | -€129,768 | -65.3% |
| Amounts receivable within one year | 40/41 | €24,282 | €63,930 | +€39,648 | +163% |
| Trade receivables | 40 | €24,282 | €44,930 | +€20,648 | +85.0% |
| Other amounts receivable | 41 | - | €19,000 | +€19,000 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €74,573 | €2,565 | -€72,008 | -96.6% |
| Deferred charges and accrued income | 490/1 | - | €2,592 | +€2,592 | |
| Total equity and liabilities | 10/49 | €230,964 | €260,855 | +€29,891 | +12.9% |
| Equity | 10/15 | €48,996 | €61,174 | +€12,178 | +24.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Distributable reserves | 133 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Profit (loss) carried forward | 14 | €6,996 | €9,174 | +€2,178 | +31.1% |
| Amounts payable | 17/49 | €181,968 | €199,681 | +€17,713 | +9.7% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | - | -€150,000 | |
| Other amounts payable | 178/9 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €31,968 | €49,681 | +€17,713 | +55.4% |
| Trade debts | 44 | €3 | €3,262 | +€3,259 | +108,640% |
| Suppliers | 440/4 | €3 | €3,262 | +€3,259 | +108,640% |
| Taxes, remuneration and social security | 45 | €16,807 | €31,357 | +€14,550 | +86.6% |
| Taxes | 450/3 | €16,807 | €31,357 | +€14,550 | +86.6% |
| Other amounts payable | 47/48 | €15,158 | €15,062 | -€96 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,027 | €8,350 | +€323 | +4.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €50,682 | €43,384 | -€7,298 | -14.4% |
| Operating profit (loss) | 9901 | €42,127 | €34,490 | -€7,637 | -18.1% |
| Financial income | 75/76B | €30 | €2,489 | +€2,459 | +8,198% |
| Recurring financial income | 75 | €30 | €2,489 | +€2,459 | +8,198% |
| Financial charges | 65/66B | €161 | €8,824 | +€8,663 | +5,380% |
| Recurring financial charges | 65 | €161 | €8,824 | +€8,663 | +5,380% |
| Profit (loss) for the period before taxes | 9903 | €41,996 | €28,156 | -€13,840 | -33.0% |
| Income taxes | 67/77 | €2,652 | €15,979 | +€13,327 | +503% |
| Profit (loss) for the period | 9904 | €39,344 | €12,177 | -€27,167 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,344 | €12,177 | -€27,167 | -69.0% |
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 24 October 2026 via checked.be.