ECOTERM: 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.
ECOTERM
Largest movements
- Stocks and contracts -€122,596
down €122,596 (-27.1%), from €451,727 to €329,131
- Cash -€54,970
down €54,970 (-12.9%), from €427,155 to €372,185
mainly Accrued charges and deferred income (-€435,967) and Receivables within one year (-€54,563)
- Receivables within one year +€54,563
up €54,563 (+7.4%), from €733,848 to €788,411
of which Trade receivables: +€86,353
- Deferred charges and accrued income +€38,653
up €38,653, from €0 to €38,653
- Reserves +€1.0m
up €1.0m (+335.5%), from €306,058 to €1.3m
of which Distributable reserves: +€1.0m
- Profit (loss) carried forward -€940,845
down €940,845 (-100.0%), from €940,845 to €0
- Accrued charges and deferred income -€435,967
down €435,967 (-100.0%), from €435,967 to €0
- Trade debts +€243,270
up €243,270 (+1621.9%), from €14,999 to €258,269
- Short-term financial debts +€33,426
new in 2025: €33,426
- Other operating charges +€82,959
up €82,959 (+522.3%), from €15,885 to €98,843
- Gross operating margin -€28,098
down €28,098 (-2.2%), from €1.3m to €1.3m
- Taxes -€13,969
down €13,969 (-17.9%), from €77,826 to €63,857
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 | €1,836,443 | €1,751,756 | -€84,687 | -4.6% |
| Fixed assets | 21/28 | €204,410 | €204,073 | -€337 | -0.2% |
| Tangible fixed assets | 22/27 | €33,812 | €33,475 | -€337 | -1.0% |
| Land and buildings | 22 | €1,160 | €773 | -€387 | -33.3% |
| Plant, machinery and equipment | 23 | €3,272 | €4,428 | +€1,156 | +35.3% |
| Furniture and vehicles | 24 | €29,380 | €28,274 | -€1,106 | -3.8% |
| Financial fixed assets | 28 | €170,598 | €170,598 | = | 0.0% |
| Current assets | 29/58 | €1,632,034 | €1,547,683 | -€84,350 | -5.2% |
| Stocks and contracts in progress | 3 | €451,727 | €329,131 | -€122,596 | -27.1% |
| Stocks | 30/36 | €451,727 | €329,131 | -€122,596 | -27.1% |
| Amounts receivable within one year | 40/41 | €733,848 | €788,411 | +€54,563 | +7.4% |
| Trade receivables | 40 | €628,760 | €715,113 | +€86,353 | +13.7% |
| Other amounts receivable | 41 | €105,088 | €73,298 | -€31,790 | -30.3% |
| Current investments | 50/53 | €19,303 | €19,303 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €427,155 | €372,185 | -€54,970 | -12.9% |
| Deferred charges and accrued income | 490/1 | €0 | €38,653 | +€38,653 | |
| Total equity and liabilities | 10/49 | €1,836,443 | €1,751,756 | -€84,687 | -4.6% |
| Equity | 10/15 | €1,253,100 | €1,339,056 | +€85,956 | +6.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €306,058 | €1,332,859 | +€1.0m | +335.5% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100.0% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100.0% |
| Distributable reserves | 133 | €304,198 | €1,332,859 | +€1.0m | +338.2% |
| Profit (loss) carried forward | 14 | €940,845 | €0 | -€940,845 | -100.0% |
| Amounts payable | 17/49 | €583,344 | €412,700 | -€170,643 | -29.3% |
| Amounts payable within one year | 42/48 | €147,376 | €412,700 | +€265,324 | +180.0% |
| Current portion of amounts payable after more than one year | 42 | €33,166 | €0 | -€33,166 | -100.0% |
| Financial debts | 43 | - | €33,426 | +€33,426 | |
| Credit institutions | 430/8 | - | €33,426 | +€33,426 | |
| Trade debts | 44 | €14,999 | €258,269 | +€243,270 | +1621.9% |
| Suppliers | 440/4 | €14,999 | €258,269 | +€243,270 | +1621.9% |
| Taxes, remuneration and social security | 45 | €86,469 | €100,891 | +€14,423 | +16.7% |
| Taxes | 450/3 | €44,280 | €39,562 | -€4,718 | -10.7% |
| Remuneration and social security | 454/9 | €42,189 | €61,329 | +€19,140 | +45.4% |
| Other amounts payable | 47/48 | €12,743 | €20,114 | +€7,372 | +57.8% |
| Accrued charges and deferred income | 492/3 | €435,967 | €0 | -€435,967 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €968,154 | €975,369 | +€7,215 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,280 | €25,810 | -€1,470 | -5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,245 | +€8,245 | |
| Other operating charges | 640/8 | €15,885 | €98,843 | +€82,959 | +522.3% |
| Gross operating margin | 9900 | €1,284,863 | €1,256,765 | -€28,098 | -2.2% |
| Operating profit (loss) | 9901 | €273,544 | €148,498 | -€125,046 | -45.7% |
| Financial income | 75/76B | €8,249 | €11,873 | +€3,624 | +43.9% |
| Recurring financial income | 75 | €8,249 | €11,873 | +€3,624 | +43.9% |
| Financial charges | 65/66B | €6,787 | €10,558 | +€3,771 | +55.6% |
| Recurring financial charges | 65 | €6,787 | €10,558 | +€3,771 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €275,006 | €149,813 | -€125,193 | -45.5% |
| Income taxes | 67/77 | €77,826 | €63,857 | -€13,969 | -17.9% |
| Profit (loss) for the period | 9904 | €197,180 | €85,956 | -€111,224 | -56.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €197,180 | €85,956 | -€111,224 | -56.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.