ECOTHERMIES: 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.
ECOTHERMIES
Largest movements
- Cash -€9,848
down €9,848 (-57.1%), from €17,255 to €7,407
mainly Net result for the year (-€16,241) and Other debts (-€1,296)
- Tangible fixed assets -€4,076
down €4,076 (-64.9%), from €6,280 to €2,204
of which Furniture and vehicles: -€3,127
- Receivables within one year -€2,518
down €2,518 (-17.4%), from €14,441 to €11,924
of which Trade receivables: -€2,428
- Profit (loss) carried forward -€16,241
down €16,241 (-60.0%), from -€27,065 to -€43,306
- Other debts -€1,296
down €1,296 (-50.4%), from €2,570 to €1,274
- Trade debts +€1,095
up €1,095 (+62.0%), from €1,768 to €2,863
- Depreciation -€12,933
down €12,933 (-76.0%), from €17,009 to €4,076
- Gross operating margin -€9,437
down €9,437 (-460%), from -€2,051 to -€11,488
- Turnover -€7,119
down €7,119 (-18.5%), from €38,443 to €31,324
- Purchases and services +€2,383
up €2,383 (+5.7%), from €42,162 to €44,544
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 | €37,976 | €21,534 | -€16,442 | -43.3% |
| Fixed assets | 21/28 | €6,280 | €2,204 | -€4,076 | -64.9% |
| Tangible fixed assets | 22/27 | €6,280 | €2,204 | -€4,076 | -64.9% |
| Plant, machinery and equipment | 23 | €1,323 | €374 | -€949 | -71.7% |
| Furniture and vehicles | 24 | €4,957 | €1,830 | -€3,127 | -63.1% |
| Current assets | 29/58 | €31,696 | €19,330 | -€12,366 | -39.0% |
| Amounts receivable within one year | 40/41 | €14,441 | €11,924 | -€2,518 | -17.4% |
| Trade receivables | 40 | €13,946 | €11,518 | -€2,428 | -17.4% |
| Other amounts receivable | 41 | €495 | €406 | -€90 | -18.1% |
| Cash at bank and in hand | 54/58 | €17,255 | €7,407 | -€9,848 | -57.1% |
| Total equity and liabilities | 10/49 | €37,976 | €21,534 | -€16,442 | -43.3% |
| Equity | 10/15 | €32,935 | €16,694 | -€16,241 | -49.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,065 | -€43,306 | -€16,241 | -60.0% |
| Amounts payable | 17/49 | €5,041 | €4,840 | -€201 | -4.0% |
| Amounts payable within one year | 42/48 | €5,041 | €4,840 | -€201 | -4.0% |
| Trade debts | 44 | €1,768 | €2,863 | +€1,095 | +62.0% |
| Suppliers | 440/4 | €1,768 | €2,863 | +€1,095 | +62.0% |
| Taxes, remuneration and social security | 45 | €704 | €704 | = | 0.0% |
| Remuneration and social security | 454/9 | €704 | €704 | = | 0.0% |
| Other amounts payable | 47/48 | €2,570 | €1,274 | -€1,296 | -50.4% |
| Turnover | 70 | €38,443 | €31,324 | -€7,119 | -18.5% |
| Non-recurring operating income | 76A | €1,600 | €1,683 | +€83 | +5.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €42,162 | €44,544 | +€2,383 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,009 | €4,076 | -€12,933 | -76.0% |
| Other operating charges | 640/8 | €444 | €450 | +€6 | +1.3% |
| Non-recurring operating charges | 66A | - | €9 | +€9 | |
| Gross operating margin | 9900 | -€2,051 | -€11,488 | -€9,437 | -460% |
| Operating profit (loss) | 9901 | -€19,503 | -€16,022 | +€3,481 | +17.9% |
| Financial charges | 65/66B | €44 | €45 | +€1 | +3.1% |
| Recurring financial charges | 65 | €44 | €45 | +€1 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,547 | -€16,067 | +€3,480 | +17.8% |
| Income taxes | 67/77 | €132 | €174 | +€43 | +32.6% |
| Profit (loss) for the period | 9904 | -€19,678 | -€16,241 | +€3,437 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,678 | -€16,241 | +€3,437 | +17.5% |
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 23 October 2026 via checked.be.