ECOVOLET: 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.
What changed
ECOVOLET
NACE 22.240, Manufacture of rubber and plastic products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€40,509
2024 · €20,477+€20,032
Equity
€635,894
2024 · €602,753+€33,141
Cash
€11,627
2024 · €11,832-€205
Balance sheet total
€2.7m
2024 · €2.5m+€213,369
Largest movements
Assets
- Stocks and contracts +€200,573
up €200,573 (+139%), from €144,050 to €344,623
Equity and liabilities
- Trade debts +€322,138
up €322,138 (+146%), from €221,117 to €543,255
- Debts after one year -€139,348
down €139,348 (-14.3%), from €975,424 to €836,076
of which Financial debts: -€139,348
- Profit (loss) carried forward +€40,509
up €40,509 (+36.2%), from -€111,779 to -€71,270
- Tax, wage and social debts +€30,107
up €30,107 (+25.9%), from €116,081 to €146,188
of which Taxes: +€18,336
Income statement
- Gross operating margin +€140,684
up €140,684 (+19.9%), from €705,378 to €846,062
- Staff costs +€108,266
up €108,266 (+24.0%), from €451,085 to €559,351
- Depreciation +€17,523
up €17,523 (+12.1%), from €144,361 to €161,884
- Financial charges +€13,953
up €13,953 (+20.0%), from €69,646 to €83,599
- Other operating charges -€12,195
down €12,195 (-25.3%), from €48,257 to €36,062
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.
Result 2024
€20,477
Gross operating margin
+€140,684
Staff costs
-€108,266
Depreciation
-€17,523
Write-downs
+€4,156
Other operating charges
+€12,195
Other operating items
+€275
Financial income
+€7,708
Financial charges
-€13,953
Taxes
-€5,244
Result 2025
€40,509
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€312,671
Investment
-€148,923
Financing
-€163,953
Cash 2024
€11,832
From operations (derived)
+€312,671
Net result for the year
+€40,509
Depreciation
+€161,884
Stocks and contracts
-€200,573
Receivables within one year
-€24,444
Deferred charges and accrued income
-€1,518
Provisions
-€3,629
Trade debts
+€322,138
Tax, wage and social debts
+€30,107
Other debts
-€11,116
Accrued charges and deferred income
-€687
Investment (derived)
-€148,923
Investment in fixed assets (net)
-€148,923
Financing
-€163,953
Debts after one year
-€139,348
Current portion of long-term debt
-€20,654
Short-term financial debts
+€3,417
Contributions, distributions and other
-€7,368
Cash 2025
€11,627
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,463,462 | €2,676,831 | +€213,369 | +8.7% |
| Fixed assets | 21/28 | €2,173,500 | €2,160,539 | -€12,961 | -0.6% |
| Tangible fixed assets | 22/27 | €2,171,930 | €2,158,969 | -€12,961 | -0.6% |
| Land and buildings | 22 | €1,835,904 | €1,759,588 | -€76,316 | -4.2% |
| Plant, machinery and equipment | 23 | €261,246 | €345,161 | +€83,915 | +32.1% |
| Furniture and vehicles | 24 | €45,630 | €43,950 | -€1,680 | -3.7% |
| Leasing and similar rights | 25 | €29,150 | €10,270 | -€18,880 | -64.8% |
| Financial fixed assets | 28 | €1,570 | €1,570 | = | 0.0% |
| Current assets | 29/58 | €289,962 | €516,292 | +€226,330 | +78.1% |
| Stocks and contracts in progress | 3 | €144,050 | €344,623 | +€200,573 | +139% |
| Stocks | 30/36 | €144,050 | €344,623 | +€200,573 | +139% |
| Amounts receivable within one year | 40/41 | €112,272 | €136,716 | +€24,444 | +21.8% |
| Trade receivables | 40 | €79,520 | €105,500 | +€25,980 | +32.7% |
| Other amounts receivable | 41 | €32,752 | €31,216 | -€1,536 | -4.7% |
| Cash at bank and in hand | 54/58 | €11,832 | €11,627 | -€205 | -1.7% |
| Deferred charges and accrued income | 490/1 | €21,808 | €23,326 | +€1,518 | +7.0% |
| Total equity and liabilities | 10/49 | €2,463,462 | €2,676,831 | +€213,369 | +8.7% |
| Equity | 10/15 | €602,753 | €635,894 | +€33,141 | +5.5% |
| Contributions | 10/11 | €550,000 | €550,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,779 | -€71,270 | +€40,509 | +36.2% |
| Investment grants | 15 | €164,532 | €157,164 | -€7,368 | -4.5% |
| Provisions and deferred taxes | 16 | €81,399 | €77,770 | -€3,629 | -4.5% |
| Deferred taxes | 168 | €81,399 | €77,770 | -€3,629 | -4.5% |
| Amounts payable | 17/49 | €1,779,310 | €1,963,167 | +€183,857 | +10.3% |
| Amounts payable after more than one year | 17 | €975,424 | €836,076 | -€139,348 | -14.3% |
| Financial debts | 170/4 | €775,424 | €636,076 | -€139,348 | -18.0% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €800,630 | €1,124,522 | +€323,892 | +40.5% |
| Current portion of amounts payable after more than one year | 42 | €166,816 | €146,162 | -€20,654 | -12.4% |
| Financial debts | 43 | €8,852 | €12,269 | +€3,417 | +38.6% |
| Credit institutions | 430/8 | €8,852 | €12,269 | +€3,417 | +38.6% |
| Trade debts | 44 | €221,117 | €543,255 | +€322,138 | +146% |
| Suppliers | 440/4 | €221,117 | €543,255 | +€322,138 | +146% |
| Taxes, remuneration and social security | 45 | €116,081 | €146,188 | +€30,107 | +25.9% |
| Taxes | 450/3 | €36,759 | €55,095 | +€18,336 | +49.9% |
| Remuneration and social security | 454/9 | €79,322 | €91,093 | +€11,771 | +14.8% |
| Other amounts payable | 47/48 | €287,764 | €276,648 | -€11,116 | -3.9% |
| Accrued charges and deferred income | 492/3 | €3,256 | €2,569 | -€687 | -21.1% |
| Remuneration, social security and pensions | 62 | €451,085 | €559,351 | +€108,266 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,361 | €161,884 | +€17,523 | +12.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,156 | - | -€4,156 | |
| Other operating charges | 640/8 | €48,257 | €36,062 | -€12,195 | -25.3% |
| Non-recurring operating charges | 66A | €275 | - | -€275 | |
| Gross operating margin | 9900 | €705,378 | €846,062 | +€140,684 | +19.9% |
| Operating profit (loss) | 9901 | €57,244 | €88,765 | +€31,521 | +55.1% |
| Financial income | 75/76B | €40,251 | €47,959 | +€7,708 | +19.1% |
| Recurring financial income | 75 | €40,251 | €47,959 | +€7,708 | +19.1% |
| Financial charges | 65/66B | €69,646 | €83,599 | +€13,953 | +20.0% |
| Recurring financial charges | 65 | €69,646 | €83,599 | +€13,953 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €27,849 | €53,125 | +€25,276 | +90.8% |
| Transfer from deferred taxes | 780 | €3,628 | €3,628 | = | 0.0% |
| Income taxes | 67/77 | €11,000 | €16,244 | +€5,244 | +47.7% |
| Profit (loss) for the period | 9904 | €20,477 | €40,509 | +€20,032 | +97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,477 | €40,509 | +€20,032 | +97.8% |
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 25 October 2026 via checked.be.