ECOTRADING: 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.
ECOTRADING
Largest movements
- Stocks and contracts -€23,128
down €23,128 (-13.9%), from €166,030 to €142,902
- Receivables within one year +€22,201
up €22,201 (+49.2%), from €45,123 to €67,323
of which Other amounts receivable: +€22,052
- Current investments -€17,620
down €17,620 (-24.2%), from €72,857 to €55,237
- Cash -€15,489
down €15,489 (-31.1%), from €49,786 to €34,297
mainly Net result for the year (-€45,241) and Receivables within one year (-€22,201)
- Deferred charges and accrued income -€6,146
down €6,146 (-55.6%), from €11,057 to €4,911
- Profit (loss) carried forward -€45,241
down €45,241 (-80.1%), from -€56,499 to -€101,740
- Trade debts +€9,544
up €9,544 (+52.3%), from €18,266 to €27,810
- Short-term financial debts -€6,334
no longer reported in 2025 (was €6,334)
- Accrued charges and deferred income -€5,304
down €5,304 (-61.3%), from €8,651 to €3,347
- Tax, wage and social debts +€4,459
up €4,459 (+147.6%), from €3,020 to €7,479
- Gross operating margin +€21,990
up €21,990 (+33.6%), from -€65,463 to -€43,474
- Write-downs +€12,947
no longer reported in 2025 (was -€12,947)
- Taxes +€12,632
up €12,632, from -€12,225 to €407
- Other operating charges -€12,549
down €12,549 (-93.2%), from €13,463 to €914
- Financial charges -€1,209
down €1,209 (-25.5%), from €4,738 to €3,529
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 | €354,010 | €311,135 | -€42,875 | -12.1% |
| Fixed assets | 21/28 | €9,157 | €6,465 | -€2,692 | -29.4% |
| Tangible fixed assets | 22/27 | €5,549 | €2,825 | -€2,724 | -49.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €4,191 | €2,146 | -€2,045 | -48.8% |
| Other tangible fixed assets | 26 | €1,359 | €680 | -€679 | -50.0% |
| Financial fixed assets | 28 | €3,607 | €3,639 | +€32 | +0.9% |
| Current assets | 29/58 | €344,853 | €304,671 | -€40,182 | -11.7% |
| Stocks and contracts in progress | 3 | €166,030 | €142,902 | -€23,128 | -13.9% |
| Stocks | 30/36 | €166,030 | €142,902 | -€23,128 | -13.9% |
| Amounts receivable within one year | 40/41 | €45,123 | €67,323 | +€22,201 | +49.2% |
| Trade receivables | 40 | €18,403 | €18,551 | +€148 | +0.8% |
| Other amounts receivable | 41 | €26,720 | €48,772 | +€22,052 | +82.5% |
| Current investments | 50/53 | €72,857 | €55,237 | -€17,620 | -24.2% |
| Cash at bank and in hand | 54/58 | €49,786 | €34,297 | -€15,489 | -31.1% |
| Deferred charges and accrued income | 490/1 | €11,057 | €4,911 | -€6,146 | -55.6% |
| Total equity and liabilities | 10/49 | €354,010 | €311,135 | -€42,875 | -12.1% |
| Equity | 10/15 | €317,740 | €272,499 | -€45,241 | -14.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €373,238 | €373,238 | = | 0.0% |
| Distributable reserves | 133 | €373,238 | €373,238 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,499 | -€101,740 | -€45,241 | -80.1% |
| Amounts payable | 17/49 | €36,270 | €38,637 | +€2,366 | +6.5% |
| Amounts payable within one year | 42/48 | €27,620 | €35,290 | +€7,670 | +27.8% |
| Financial debts | 43 | €6,334 | - | -€6,334 | |
| Credit institutions | 430/8 | €6,334 | - | -€6,334 | |
| Trade debts | 44 | €18,266 | €27,810 | +€9,544 | +52.3% |
| Suppliers | 440/4 | €18,266 | €27,810 | +€9,544 | +52.3% |
| Taxes, remuneration and social security | 45 | €3,020 | €7,479 | +€4,459 | +147.6% |
| Taxes | 450/3 | €3,020 | €7,479 | +€4,459 | +147.6% |
| Accrued charges and deferred income | 492/3 | €8,651 | €3,347 | -€5,304 | -61.3% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €1 | €1 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,921 | €2,339 | -€583 | -19.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,947 | - | +€12,947 | |
| Other operating charges | 640/8 | €13,463 | €914 | -€12,549 | -93.2% |
| Non-recurring operating charges | 66A | - | €385 | +€385 | |
| Gross operating margin | 9900 | -€65,463 | -€43,474 | +€21,990 | +33.6% |
| Operating profit (loss) | 9901 | -€68,901 | -€47,113 | +€21,789 | +31.6% |
| Financial income | 75/76B | €4,916 | €5,808 | +€892 | +18.1% |
| Recurring financial income | 75 | €4,916 | €5,808 | +€892 | +18.1% |
| Financial charges | 65/66B | €4,738 | €3,529 | -€1,209 | -25.5% |
| Recurring financial charges | 65 | €4,738 | €3,529 | -€1,209 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€68,724 | -€44,834 | +€23,890 | +34.8% |
| Income taxes | 67/77 | -€12,225 | €407 | +€12,632 | |
| Profit (loss) for the period | 9904 | -€56,499 | -€45,241 | +€11,258 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,499 | -€45,241 | +€11,258 | +19.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.