ECOTRUST: 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.
ECOTRUST
Largest movements
- Cash -€43,718
down €43,718 (-62.1%), from €70,448 to €26,731
mainly Contributions, distributions and other (-€118,454) and Debts after one year (-€16,216)
- Tangible fixed assets -€18,424
down €18,424 (-20.0%), from €91,999 to €73,575
of which Furniture and vehicles: -€15,865
- Deferred charges and accrued income -€14,626
down €14,626 (-82.6%), from €17,710 to €3,084
- Receivables within one year +€9,771
up €9,771 (+7.6%), from €128,151 to €137,922
of which Other amounts receivable: +€6,694
- Formation expenses -€6,970
down €6,970 (-33.0%), from €21,125 to €14,155
- Reserves -€76,735
down €76,735 (-38.1%), from €201,231 to €124,496
- Debts after one year -€16,216
no longer reported in 2025 (was €16,216)
- Other debts +€10,981
up €10,981 (+262.7%), from €4,181 to €15,162
- Tax, wage and social debts +€6,482
up €6,482 (+14.0%), from €46,219 to €52,701
of which Taxes: +€4,877
- Trade debts +€5,596
up €5,596 (+13.6%), from €41,121 to €46,717
- Gross operating margin -€68,998
down €68,998 (-18.9%), from €364,952 to €295,954
- Taxes -€20,665
down €20,665 (-45.0%), from €45,954 to €25,289
- Depreciation -€5,667
down €5,667 (-14.9%), from €38,058 to €32,391
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 | €334,259 | €260,293 | -€73,966 | -22.1% |
| Formation expenses | 20 | €21,125 | €14,155 | -€6,970 | -33.0% |
| Fixed assets | 21/28 | €96,824 | €78,400 | -€18,424 | -19.0% |
| Tangible fixed assets | 22/27 | €91,999 | €73,575 | -€18,424 | -20.0% |
| Plant, machinery and equipment | 23 | €60,627 | €58,069 | -€2,558 | -4.2% |
| Furniture and vehicles | 24 | €31,372 | €15,506 | -€15,865 | -50.6% |
| Financial fixed assets | 28 | €4,825 | €4,825 | = | 0.0% |
| Current assets | 29/58 | €216,310 | €167,737 | -€48,572 | -22.5% |
| Amounts receivable within one year | 40/41 | €128,151 | €137,922 | +€9,771 | +7.6% |
| Trade receivables | 40 | €122,031 | €125,107 | +€3,077 | +2.5% |
| Other amounts receivable | 41 | €6,121 | €12,815 | +€6,694 | +109.4% |
| Cash at bank and in hand | 54/58 | €70,448 | €26,731 | -€43,718 | -62.1% |
| Deferred charges and accrued income | 490/1 | €17,710 | €3,084 | -€14,626 | -82.6% |
| Total equity and liabilities | 10/49 | €334,259 | €260,293 | -€73,966 | -22.1% |
| Equity | 10/15 | €206,231 | €129,496 | -€76,735 | -37.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €201,231 | €124,496 | -€76,735 | -38.1% |
| Distributable reserves | 133 | €201,231 | €124,496 | -€76,735 | -38.1% |
| Amounts payable | 17/49 | €128,028 | €130,796 | +€2,769 | +2.2% |
| Amounts payable after more than one year | 17 | €16,216 | - | -€16,216 | |
| Financial debts | 170/4 | €16,216 | - | -€16,216 | |
| Amounts payable within one year | 42/48 | €111,811 | €130,796 | +€18,985 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €20,290 | €16,216 | -€4,074 | -20.1% |
| Trade debts | 44 | €41,121 | €46,717 | +€5,596 | +13.6% |
| Suppliers | 440/4 | €41,121 | €46,717 | +€5,596 | +13.6% |
| Taxes, remuneration and social security | 45 | €46,219 | €52,701 | +€6,482 | +14.0% |
| Taxes | 450/3 | €15,403 | €20,281 | +€4,877 | +31.7% |
| Remuneration and social security | 454/9 | €30,816 | €32,420 | +€1,605 | +5.2% |
| Other amounts payable | 47/48 | €4,181 | €15,162 | +€10,981 | +262.7% |
| Remuneration, social security and pensions | 62 | €225,987 | €227,460 | +€1,473 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,058 | €32,391 | -€5,667 | -14.9% |
| Other operating charges | 640/8 | €1,584 | €1,134 | -€450 | -28.4% |
| Gross operating margin | 9900 | €364,952 | €295,954 | -€68,998 | -18.9% |
| Operating profit (loss) | 9901 | €99,323 | €34,969 | -€64,354 | -64.8% |
| Financial income | 75/76B | €30,476 | €32,708 | +€2,233 | +7.3% |
| Recurring financial income | 75 | €476 | €2,708 | +€2,233 | +469.6% |
| Non-recurring financial income | 76B | €30,000 | €30,000 | = | 0.0% |
| Financial charges | 65/66B | €1,067 | €670 | -€397 | -37.2% |
| Recurring financial charges | 65 | €1,067 | €670 | -€397 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €128,732 | €67,007 | -€61,724 | -47.9% |
| Income taxes | 67/77 | €45,954 | €25,289 | -€20,665 | -45.0% |
| Profit (loss) for the period | 9904 | €82,777 | €41,719 | -€41,059 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,777 | €41,719 | -€41,059 | -49.6% |
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 9 October 2026 via checked.be.