Ecova Projecten: 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.
Ecova Projecten
Largest movements
- Cash -€42,973
down €42,973 (-6.3%), from €682,309 to €639,336
mainly Receivables within one year (-€24,806) and Net result for the year (-€22,960)
- Tangible fixed assets -€25,420
down €25,420 (-38.5%), from €66,038 to €40,618
of which Furniture and vehicles: -€28,430
- Receivables within one year +€24,806
up €24,806 (+333%), from €7,442 to €32,247
of which Trade receivables: +€17,894
- Profit (loss) carried forward -€22,960
down €22,960 (-4.8%), from €481,526 to €458,566
- Tax, wage and social debts -€15,641
down €15,641 (-100%), from €15,641 to €0
- Taxes -€81,574
down €81,574 (-99.8%), from €81,737 to €162
- Financial income -€63,011
down €63,011 (-96.2%), from €65,502 to €2,491
of which Non-recurring financial income: -€64,190
- Gross operating margin -€54,014
down €54,014 (-83.7%), from €64,508 to €10,494
- Other operating charges -€913
down €913 (-13.9%), from €6,580 to €5,668
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 | €770,788 | €734,450 | -€36,338 | -4.7% |
| Fixed assets | 21/28 | €66,038 | €43,126 | -€22,912 | -34.7% |
| Tangible fixed assets | 22/27 | €66,038 | €40,618 | -€25,420 | -38.5% |
| Land and buildings | 22 | €0 | €3,144 | +€3,144 | |
| Plant, machinery and equipment | 23 | €1,146 | €1,012 | -€134 | -11.7% |
| Furniture and vehicles | 24 | €64,892 | €36,462 | -€28,430 | -43.8% |
| Financial fixed assets | 28 | €0 | €2,508 | +€2,508 | |
| Current assets | 29/58 | €704,750 | €691,324 | -€13,426 | -1.9% |
| Stocks and contracts in progress | 3 | €15,000 | €15,000 | = | 0.0% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,442 | €32,247 | +€24,806 | +333% |
| Trade receivables | 40 | €6,606 | €24,500 | +€17,894 | +271% |
| Other amounts receivable | 41 | €836 | €7,747 | +€6,911 | +827% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €682,309 | €639,336 | -€42,973 | -6.3% |
| Deferred charges and accrued income | 490/1 | - | €4,741 | +€4,741 | |
| Total equity and liabilities | 10/49 | €770,788 | €734,450 | -€36,338 | -4.7% |
| Equity | 10/15 | €514,258 | €491,298 | -€22,960 | -4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,132 | €14,132 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,272 | €12,272 | = | 0.0% |
| Profit (loss) carried forward | 14 | €481,526 | €458,566 | -€22,960 | -4.8% |
| Amounts payable | 17/49 | €256,530 | €243,152 | -€13,378 | -5.2% |
| Amounts payable within one year | 42/48 | €256,530 | €243,152 | -€13,378 | -5.2% |
| Trade debts | 44 | €1,311 | €1,309 | -€3 | -0.2% |
| Suppliers | 440/4 | €1,311 | €1,309 | -€3 | -0.2% |
| Taxes, remuneration and social security | 45 | €15,641 | €0 | -€15,641 | -100% |
| Taxes | 450/3 | €15,641 | €0 | -€15,641 | -100% |
| Other amounts payable | 47/48 | €239,578 | €241,844 | +€2,266 | +0.9% |
| Non-recurring operating income | 76A | - | €2,697 | +€2,697 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,349 | €29,942 | +€593 | +2.0% |
| Other operating charges | 640/8 | €6,580 | €5,668 | -€913 | -13.9% |
| Gross operating margin | 9900 | €64,508 | €10,494 | -€54,014 | -83.7% |
| Operating profit (loss) | 9901 | €28,578 | -€25,116 | -€53,695 | |
| Financial income | 75/76B | €65,502 | €2,491 | -€63,011 | -96.2% |
| Recurring financial income | 75 | €1,312 | €2,491 | +€1,179 | +89.8% |
| Non-recurring financial income | 76B | €64,190 | €0 | -€64,190 | -100% |
| Financial charges | 65/66B | €72 | €172 | +€100 | +139% |
| Recurring financial charges | 65 | €72 | €172 | +€100 | +139% |
| Profit (loss) for the period before taxes | 9903 | €94,009 | -€22,798 | -€116,806 | |
| Income taxes | 67/77 | €81,737 | €162 | -€81,574 | -99.8% |
| Profit (loss) for the period | 9904 | €12,272 | -€22,960 | -€35,232 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,272 | -€22,960 | -€35,232 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.