ECOWATT: 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.
ECOWATT
Largest movements
- Financial fixed assets -€84,167
down €84,167 (-6.4%), from €1.3m to €1.2m
- Receivables within one year -€40,038
down €40,038 (-8.9%), from €448,473 to €408,435
of which Trade receivables: -€37,523
- Profit (loss) carried forward -€110,983
down €110,983 (-14.2%), from €779,267 to €668,284
- Financial charges +€84,178
up €84,178 (+137,996%), from €61 to €84,239
of which Non-recurring financial charges: +€84,167
- Gross operating margin +€20,218
up €20,218, from -€13,028 to €7,190
- Other operating charges +€11,749
up €11,749 (+52.9%), from €22,192 to €33,940
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 | €2,883,456 | €2,759,655 | -€123,801 | -4.3% |
| Fixed assets | 21/28 | €1,311,657 | €1,227,490 | -€84,167 | -6.4% |
| Financial fixed assets | 28 | €1,311,657 | €1,227,490 | -€84,167 | -6.4% |
| Current assets | 29/58 | €1,571,800 | €1,532,165 | -€39,634 | -2.5% |
| Stocks and contracts in progress | 3 | €1,122,907 | €1,122,907 | = | 0.0% |
| Contracts in progress | 37 | €1,122,907 | €1,122,907 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €448,473 | €408,435 | -€40,038 | -8.9% |
| Trade receivables | 40 | €197,488 | €159,964 | -€37,523 | -19.0% |
| Other amounts receivable | 41 | €250,985 | €248,471 | -€2,515 | -1.0% |
| Cash at bank and in hand | 54/58 | €419 | €823 | +€404 | +96.3% |
| Total equity and liabilities | 10/49 | €2,883,456 | €2,759,655 | -€123,801 | -4.3% |
| Equity | 10/15 | €2,817,997 | €2,707,015 | -€110,983 | -3.9% |
| Contributions | 10/11 | €1,844,298 | €1,844,298 | = | 0.0% |
| Capital | 10 | €1,844,298 | €1,844,298 | = | 0.0% |
| Issued capital | 100 | €1,844,298 | €1,844,298 | = | 0.0% |
| Reserves | 13 | €194,433 | €194,433 | = | 0.0% |
| Non-distributable reserves | 130/1 | €184,433 | €184,433 | = | 0.0% |
| Legal reserve | 130 | €184,433 | €184,433 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €779,267 | €668,284 | -€110,983 | -14.2% |
| Amounts payable | 17/49 | €65,459 | €52,641 | -€12,818 | -19.6% |
| Amounts payable within one year | 42/48 | €65,459 | €52,641 | -€12,818 | -19.6% |
| Trade debts | 44 | €21,763 | €15,885 | -€5,878 | -27.0% |
| Suppliers | 440/4 | €21,763 | €15,885 | -€5,878 | -27.0% |
| Other amounts payable | 47/48 | €43,696 | €36,756 | -€6,940 | -15.9% |
| Other operating charges | 640/8 | €22,192 | €33,940 | +€11,749 | +52.9% |
| Gross operating margin | 9900 | -€13,028 | €7,190 | +€20,218 | |
| Operating profit (loss) | 9901 | -€35,220 | -€26,750 | +€8,470 | +24.0% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €61 | €84,239 | +€84,178 | +137,996% |
| Recurring financial charges | 65 | €61 | €72 | +€11 | +18.3% |
| Non-recurring financial charges | 66B | - | €84,167 | +€84,167 | |
| Profit (loss) for the period before taxes | 9903 | -€35,281 | -€110,983 | -€75,702 | -215% |
| Profit (loss) for the period | 9904 | -€35,281 | -€110,983 | -€75,702 | -215% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,281 | -€110,983 | -€75,702 | -215% |
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 20 October 2026 via checked.be.