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 -€50,460
down €50,460 (-51.4%), from €98,267 to €47,807
mainly Current investments (-€36,856) and Stocks and contracts (-€14,105)
- Current investments +€36,856
new in 2025: €36,856
- Stocks and contracts +€14,105
up €14,105 (+527%), from €2,675 to €16,780
of which Contracts in progress: +€15,780
- Tangible fixed assets -€6,787
down €6,787 (-16.4%), from €41,497 to €34,710
of which Furniture and vehicles: -€10,716
- Reserves +€18,007
up €18,007 (+22.7%), from €79,163 to €97,170
- Debts after one year -€12,089
down €12,089 (-49.8%), from €24,269 to €12,180
- Tax, wage and social debts -€7,803
down €7,803 (-44.4%), from €17,584 to €9,781
- Trade debts -€5,788
down €5,788 (-72.6%), from €7,970 to €2,182
- Other debts +€1,746
up €1,746 (+662%), from €264 to €2,010
- Gross operating margin -€30,662
down €30,662 (-41.5%), from €73,833 to €43,171
- Taxes -€7,837
down €7,837 (-44.6%), from €17,567 to €9,730
- Depreciation +€1,444
up €1,444 (+10.9%), from €13,257 to €14,701
- Financial income +€1,407
new in 2025: €1,407
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 | €146,949 | €140,462 | -€6,487 | -4.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €41,747 | €34,960 | -€6,787 | -16.3% |
| Tangible fixed assets | 22/27 | €41,497 | €34,710 | -€6,787 | -16.4% |
| Land and buildings | 22 | €2,904 | €8,741 | +€5,836 | +201% |
| Plant, machinery and equipment | 23 | €6,097 | €4,190 | -€1,907 | -31.3% |
| Furniture and vehicles | 24 | €32,496 | €21,779 | -€10,716 | -33.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €105,202 | €105,502 | +€300 | +0.3% |
| Stocks and contracts in progress | 3 | €2,675 | €16,780 | +€14,105 | +527% |
| Stocks | 30/36 | €2,675 | €1,000 | -€1,675 | -62.6% |
| Contracts in progress | 37 | - | €15,780 | +€15,780 | |
| Amounts receivable within one year | 40/41 | €945 | - | -€945 | |
| Other amounts receivable | 41 | €945 | - | -€945 | |
| Current investments | 50/53 | - | €36,856 | +€36,856 | |
| Cash at bank and in hand | 54/58 | €98,267 | €47,807 | -€50,460 | -51.4% |
| Deferred charges and accrued income | 490/1 | €3,316 | €4,060 | +€744 | +22.5% |
| Total equity and liabilities | 10/49 | €146,949 | €140,462 | -€6,487 | -4.4% |
| Equity | 10/15 | €84,163 | €102,170 | +€18,007 | +21.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €79,163 | €97,170 | +€18,007 | +22.7% |
| Distributable reserves | 133 | €79,163 | €97,170 | +€18,007 | +22.7% |
| Amounts payable | 17/49 | €62,786 | €38,292 | -€24,494 | -39.0% |
| Amounts payable after more than one year | 17 | €24,269 | €12,180 | -€12,089 | -49.8% |
| Financial debts | 170/4 | €24,269 | €12,180 | -€12,089 | -49.8% |
| Amounts payable within one year | 42/48 | €37,817 | €26,063 | -€11,754 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €11,999 | €12,089 | +€90 | +0.7% |
| Trade debts | 44 | €7,970 | €2,182 | -€5,788 | -72.6% |
| Suppliers | 440/4 | €7,970 | €2,182 | -€5,788 | -72.6% |
| Taxes, remuneration and social security | 45 | €17,584 | €9,781 | -€7,803 | -44.4% |
| Taxes | 450/3 | €17,584 | €9,781 | -€7,803 | -44.4% |
| Other amounts payable | 47/48 | €264 | €2,010 | +€1,746 | +662% |
| Accrued charges and deferred income | 492/3 | €699 | €49 | -€650 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,257 | €14,701 | +€1,444 | +10.9% |
| Other operating charges | 640/8 | €1,484 | €1,631 | +€147 | +9.9% |
| Gross operating margin | 9900 | €73,833 | €43,171 | -€30,662 | -41.5% |
| Operating profit (loss) | 9901 | €59,092 | €26,839 | -€32,253 | -54.6% |
| Financial income | 75/76B | - | €1,407 | +€1,407 | |
| Recurring financial income | 75 | - | €1,407 | +€1,407 | |
| Financial charges | 65/66B | €659 | €509 | -€150 | -22.7% |
| Recurring financial charges | 65 | €659 | €509 | -€150 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €58,433 | €27,737 | -€30,696 | -52.5% |
| Income taxes | 67/77 | €17,567 | €9,730 | -€7,837 | -44.6% |
| Profit (loss) for the period | 9904 | €40,866 | €18,007 | -€22,859 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,866 | €18,007 | -€22,859 | -55.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.