ECOWALL: 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.
ECOWALL
Largest movements
- Receivables within one year -€102,706
down €102,706 (-21.6%), from €475,691 to €372,985
of which Trade receivables: -€143,181
- Tangible fixed assets -€9,676
down €9,676 (-28.0%), from €34,499 to €24,823
of which Plant, machinery and equipment: -€6,090
- Trade debts -€114,015
down €114,015 (-39.2%), from €291,047 to €177,032
- Tax, wage and social debts +€13,175
up €13,175 (+30.3%), from €43,531 to €56,706
of which Taxes: +€15,473
- Accrued charges and deferred income -€6,208
down €6,208 (-38.5%), from €16,108 to €9,900
- Gross operating margin -€113,058
down €113,058 (-62.8%), from €180,066 to €67,008
- Taxes -€25,878
down €25,878 (-96.6%), from €26,778 to €900
- Other operating charges -€2,260
down €2,260 (-41.0%), from €5,506 to €3,246
- Staff costs +€1,915
up €1,915 (+3.7%), from €51,573 to €53,488
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 | €518,470 | €410,598 | -€107,872 | -20.8% |
| Fixed assets | 21/28 | €34,499 | €24,823 | -€9,676 | -28.0% |
| Tangible fixed assets | 22/27 | €34,499 | €24,823 | -€9,676 | -28.0% |
| Plant, machinery and equipment | 23 | €25,985 | €19,895 | -€6,090 | -23.4% |
| Furniture and vehicles | 24 | €8,514 | €4,928 | -€3,586 | -42.1% |
| Current assets | 29/58 | €483,972 | €385,775 | -€98,197 | -20.3% |
| Amounts receivable within one year | 40/41 | €475,691 | €372,985 | -€102,706 | -21.6% |
| Trade receivables | 40 | €379,817 | €236,635 | -€143,181 | -37.7% |
| Other amounts receivable | 41 | €95,874 | €136,350 | +€40,475 | +42.2% |
| Cash at bank and in hand | 54/58 | €8,280 | €12,790 | +€4,509 | +54.5% |
| Total equity and liabilities | 10/49 | €518,470 | €410,598 | -€107,872 | -20.8% |
| Equity | 10/15 | €166,732 | €166,960 | +€228 | +0.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €156,700 | €156,700 | = | 0.0% |
| Distributable reserves | 133 | €156,700 | €156,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32 | €260 | +€228 | +712.7% |
| Amounts payable | 17/49 | €351,738 | €243,637 | -€108,101 | -30.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €335,631 | €233,737 | -€101,893 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €1,053 | €0 | -€1,053 | -100.0% |
| Trade debts | 44 | €291,047 | €177,032 | -€114,015 | -39.2% |
| Suppliers | 440/4 | €291,047 | €177,032 | -€114,015 | -39.2% |
| Taxes, remuneration and social security | 45 | €43,531 | €56,706 | +€13,175 | +30.3% |
| Taxes | 450/3 | €29,637 | €45,110 | +€15,473 | +52.2% |
| Remuneration and social security | 454/9 | €13,894 | €11,596 | -€2,298 | -16.5% |
| Accrued charges and deferred income | 492/3 | €16,108 | €9,900 | -€6,208 | -38.5% |
| Remuneration, social security and pensions | 62 | €51,573 | €53,488 | +€1,915 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,417 | €9,676 | -€1,741 | -15.2% |
| Other operating charges | 640/8 | €5,506 | €3,246 | -€2,260 | -41.0% |
| Gross operating margin | 9900 | €180,066 | €67,008 | -€113,058 | -62.8% |
| Operating profit (loss) | 9901 | €111,570 | €598 | -€110,972 | -99.5% |
| Financial income | 75/76B | €1,458 | €961 | -€496 | -34.0% |
| Recurring financial income | 75 | €1,458 | €961 | -€496 | -34.0% |
| Financial charges | 65/66B | €2,109 | €431 | -€1,678 | -79.6% |
| Recurring financial charges | 65 | €2,109 | €431 | -€1,678 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | €110,919 | €1,128 | -€109,791 | -99.0% |
| Income taxes | 67/77 | €26,778 | €900 | -€25,878 | -96.6% |
| Profit (loss) for the period | 9904 | €84,141 | €228 | -€83,912 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €84,141 | €228 | -€83,912 | -99.7% |
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.