ECOVOLUTION: 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.
ECOVOLUTION
Largest movements
- Stocks and contracts +€32,256
up €32,256 (+38.6%), from €83,672 to €115,927
- Tangible fixed assets -€24,259
down €24,259 (-20.9%), from €116,130 to €91,870
of which Furniture and vehicles: -€12,826
- Cash -€19,394
down €19,394 (-10.0%), from €194,103 to €174,708
mainly Stocks and contracts (-€32,256) and Trade debts (-€18,505)
- Receivables within one year -€8,774
down €8,774 (-20.9%), from €41,960 to €33,186
of which Trade receivables: -€16,726
- Reserves +€23,174
up €23,174 (+12.6%), from €183,467 to €206,641
of which Distributable reserves: +€23,174
- Trade debts -€18,505
down €18,505 (-56.4%), from €32,820 to €14,315
- Other debts -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Debts after one year -€8,141
down €8,141 (-4.8%), from €170,948 to €162,806
- Tax, wage and social debts -€5,550
down €5,550 (-71.5%), from €7,759 to €2,209
- Gross operating margin -€22,929
down €22,929 (-25.1%), from €91,259 to €68,330
- Financial charges -€4,908
down €4,908 (-30.9%), from €15,863 to €10,955
- Depreciation -€4,366
down €4,366 (-14.9%), from €29,323 to €24,957
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 | €440,569 | €419,113 | -€21,456 | -4.9% |
| Fixed assets | 21/28 | €116,130 | €91,870 | -€24,259 | -20.9% |
| Tangible fixed assets | 22/27 | €116,130 | €91,870 | -€24,259 | -20.9% |
| Land and buildings | 22 | €67,308 | €58,054 | -€9,255 | -13.7% |
| Plant, machinery and equipment | 23 | €2,225 | €47 | -€2,178 | -97.9% |
| Furniture and vehicles | 24 | €46,597 | €33,770 | -€12,826 | -27.5% |
| Current assets | 29/58 | €324,439 | €327,243 | +€2,804 | +0.9% |
| Stocks and contracts in progress | 3 | €83,672 | €115,927 | +€32,256 | +38.6% |
| Stocks | 30/36 | €83,672 | €115,927 | +€32,256 | +38.6% |
| Amounts receivable within one year | 40/41 | €41,960 | €33,186 | -€8,774 | -20.9% |
| Trade receivables | 40 | €38,681 | €21,956 | -€16,726 | -43.2% |
| Other amounts receivable | 41 | €3,279 | €11,230 | +€7,951 | +242.5% |
| Cash at bank and in hand | 54/58 | €194,103 | €174,708 | -€19,394 | -10.0% |
| Deferred charges and accrued income | 490/1 | €4,705 | €3,422 | -€1,283 | -27.3% |
| Total equity and liabilities | 10/49 | €440,569 | €419,113 | -€21,456 | -4.9% |
| Equity | 10/15 | €208,467 | €231,641 | +€23,174 | +11.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €183,467 | €206,641 | +€23,174 | +12.6% |
| Tax-exempt reserves | 132 | €6,575 | €6,575 | = | 0.0% |
| Distributable reserves | 133 | €176,892 | €200,066 | +€23,174 | +13.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €232,102 | €187,472 | -€44,630 | -19.2% |
| Amounts payable after more than one year | 17 | €170,948 | €162,806 | -€8,141 | -4.8% |
| Financial debts | 170/4 | €170,948 | €162,806 | -€8,141 | -4.8% |
| Amounts payable within one year | 42/48 | €61,154 | €24,666 | -€36,489 | -59.7% |
| Current portion of amounts payable after more than one year | 42 | €10,575 | €8,141 | -€2,433 | -23.0% |
| Trade debts | 44 | €32,820 | €14,315 | -€18,505 | -56.4% |
| Suppliers | 440/4 | €32,820 | €14,315 | -€18,505 | -56.4% |
| Taxes, remuneration and social security | 45 | €7,759 | €2,209 | -€5,550 | -71.5% |
| Taxes | 450/3 | €7,759 | €2,209 | -€5,550 | -71.5% |
| Other amounts payable | 47/48 | €10,000 | €0 | -€10,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,323 | €24,957 | -€4,366 | -14.9% |
| Other operating charges | 640/8 | €1,385 | €1,474 | +€90 | +6.5% |
| Non-recurring operating charges | 66A | €1,773 | €0 | -€1,773 | -100.0% |
| Gross operating margin | 9900 | €91,259 | €68,330 | -€22,929 | -25.1% |
| Operating profit (loss) | 9901 | €58,778 | €41,899 | -€16,880 | -28.7% |
| Financial income | 75/76B | €1,226 | €861 | -€365 | -29.8% |
| Recurring financial income | 75 | €1,226 | €861 | -€365 | -29.8% |
| Financial charges | 65/66B | €15,863 | €10,955 | -€4,908 | -30.9% |
| Recurring financial charges | 65 | €15,863 | €10,955 | -€4,908 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €44,142 | €31,804 | -€12,338 | -27.9% |
| Income taxes | 67/77 | €9,205 | €8,630 | -€576 | -6.3% |
| Profit (loss) for the period | 9904 | €34,936 | €23,174 | -€11,762 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,936 | €23,174 | -€11,762 | -33.7% |
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 10 October 2026 via checked.be.