ECOVIC: 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.
ECOVIC
Largest movements
- Cash +€9,877
up €9,877 (+13.6%), from €72,372 to €82,248
mainly Net result for the year (+€32,582) and Depreciation (+€3,376)
- Profit (loss) carried forward +€32,582
up €32,582, from €0 to €32,582
- Reserves -€10,770
down €10,770 (-12.4%), from €87,042 to €76,272
- Other debts -€8,247
down €8,247 (-23.2%), from €35,500 to €27,253
- Tax, wage and social debts -€2,918
down €2,918 (-51.2%), from €5,702 to €2,785
of which Remuneration and social security: -€2,400
- Gross operating margin -€3,043
down €3,043 (-5.9%), from €51,258 to €48,215
- Financial charges +€1,239
up €1,239 (+1,223%), from €101 to €1,340
- Taxes -€1,228
down €1,228 (-9.9%), from €12,377 to €11,148
- Financial income +€590
up €590 (+568%), from €104 to €694
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 | €129,206 | €141,287 | +€12,081 | +9.4% |
| Fixed assets | 21/28 | €23,247 | €24,342 | +€1,095 | +4.7% |
| Tangible fixed assets | 22/27 | €23,247 | €24,342 | +€1,095 | +4.7% |
| Other tangible fixed assets | 26 | €23,247 | €24,342 | +€1,095 | +4.7% |
| Current assets | 29/58 | €105,959 | €116,945 | +€10,987 | +10.4% |
| Amounts receivable within one year | 40/41 | €32,300 | €32,679 | +€379 | +1.2% |
| Trade receivables | 40 | €32,300 | €32,646 | +€347 | +1.1% |
| Other amounts receivable | 41 | €0 | €33 | +€33 | |
| Cash at bank and in hand | 54/58 | €72,372 | €82,248 | +€9,877 | +13.6% |
| Deferred charges and accrued income | 490/1 | €1,287 | €2,018 | +€730 | +56.8% |
| Total equity and liabilities | 10/49 | €129,206 | €141,287 | +€12,081 | +9.4% |
| Equity | 10/15 | €87,042 | €108,854 | +€21,812 | +25.1% |
| Reserves | 13 | €87,042 | €76,272 | -€10,770 | -12.4% |
| Distributable reserves | 133 | €87,042 | €76,272 | -€10,770 | -12.4% |
| Profit (loss) carried forward | 14 | €0 | €32,582 | +€32,582 | |
| Amounts payable | 17/49 | €42,163 | €32,433 | -€9,730 | -23.1% |
| Amounts payable within one year | 42/48 | €41,785 | €31,452 | -€10,333 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | - | €1,125 | +€1,125 | |
| Trade debts | 44 | €583 | €289 | -€294 | -50.5% |
| Suppliers | 440/4 | €583 | €289 | -€294 | -50.5% |
| Taxes, remuneration and social security | 45 | €5,702 | €2,785 | -€2,918 | -51.2% |
| Taxes | 450/3 | €3,302 | €2,785 | -€518 | -15.7% |
| Remuneration and social security | 454/9 | €2,400 | €0 | -€2,400 | -100% |
| Other amounts payable | 47/48 | €35,500 | €27,253 | -€8,247 | -23.2% |
| Accrued charges and deferred income | 492/3 | €378 | €981 | +€603 | +160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,110 | €3,376 | +€266 | +8.6% |
| Other operating charges | 640/8 | €735 | €462 | -€273 | -37.2% |
| Gross operating margin | 9900 | €51,258 | €48,215 | -€3,043 | -5.9% |
| Operating profit (loss) | 9901 | €47,413 | €44,377 | -€3,036 | -6.4% |
| Financial income | 75/76B | €104 | €694 | +€590 | +568% |
| Recurring financial income | 75 | €104 | €694 | +€590 | +568% |
| Financial charges | 65/66B | €101 | €1,340 | +€1,239 | +1,223% |
| Recurring financial charges | 65 | €101 | €1,340 | +€1,239 | +1,223% |
| Profit (loss) for the period before taxes | 9903 | €47,416 | €43,731 | -€3,685 | -7.8% |
| Income taxes | 67/77 | €12,377 | €11,148 | -€1,228 | -9.9% |
| Profit (loss) for the period | 9904 | €35,039 | €32,582 | -€2,457 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,039 | €32,582 | -€2,457 | -7.0% |
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 26 October 2026 via checked.be.