ECOWEZ: 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.
ECOWEZ
Largest movements
- Tangible fixed assets +€12,628
up €12,628 (+6.6%), from €190,436 to €203,064
of which Assets under construction and advance payments: +€28,500
- Stocks and contracts -€11,445
down €11,445 (-56.4%), from €20,289 to €8,844
- Cash -€11,032
down €11,032 (-53.7%), from €20,546 to €9,514
mainly Investment in fixed assets (net) (-€50,823) and Other debts (-€31,103)
- Trade debts +€32,807
up €32,807 (+86.7%), from €37,840 to €70,647
- Other debts -€31,103
down €31,103 (-94.3%), from €32,984 to €1,881
- Debts after one year -€25,901
down €25,901 (-30.3%), from €85,543 to €59,642
- Profit (loss) carried forward +€18,228
up €18,228 (+42.6%), from €42,836 to €61,064
- Investment grants -€6,132
down €6,132 (-18.6%), from €32,904 to €26,772
- Gross operating margin +€55,951
up €55,951 (+9.5%), from €587,264 to €643,215
- Staff costs +€28,875
up €28,875 (+5.3%), from €548,596 to €577,471
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 | €281,904 | €276,522 | -€5,382 | -1.9% |
| Fixed assets | 21/28 | €193,436 | €208,064 | +€14,628 | +7.6% |
| Tangible fixed assets | 22/27 | €190,436 | €203,064 | +€12,628 | +6.6% |
| Land and buildings | 22 | €61,093 | €57,245 | -€3,848 | -6.3% |
| Plant, machinery and equipment | 23 | €93,575 | €84,466 | -€9,109 | -9.7% |
| Furniture and vehicles | 24 | €21,839 | €15,896 | -€5,943 | -27.2% |
| Other tangible fixed assets | 26 | €429 | €3,457 | +€3,028 | +706% |
| Assets under construction and advance payments | 27 | €13,500 | €42,000 | +€28,500 | +211% |
| Financial fixed assets | 28 | €3,000 | €5,000 | +€2,000 | +66.7% |
| Current assets | 29/58 | €88,468 | €68,458 | -€20,010 | -22.6% |
| Stocks and contracts in progress | 3 | €20,289 | €8,844 | -€11,445 | -56.4% |
| Stocks | 30/36 | €20,289 | €8,844 | -€11,445 | -56.4% |
| Amounts receivable within one year | 40/41 | €35,986 | €37,757 | +€1,771 | +4.9% |
| Trade receivables | 40 | €8,447 | €18,903 | +€10,456 | +124% |
| Other amounts receivable | 41 | €27,539 | €18,854 | -€8,685 | -31.5% |
| Cash at bank and in hand | 54/58 | €20,546 | €9,514 | -€11,032 | -53.7% |
| Deferred charges and accrued income | 490/1 | €11,647 | €12,343 | +€696 | +6.0% |
| Total equity and liabilities | 10/49 | €281,904 | €276,522 | -€5,382 | -1.9% |
| Equity | 10/15 | €81,940 | €94,036 | +€12,096 | +14.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,836 | €61,064 | +€18,228 | +42.6% |
| Investment grants | 15 | €32,904 | €26,772 | -€6,132 | -18.6% |
| Amounts payable | 17/49 | €199,964 | €182,486 | -€17,478 | -8.7% |
| Amounts payable after more than one year | 17 | €85,543 | €59,642 | -€25,901 | -30.3% |
| Financial debts | 170/4 | €85,543 | €59,642 | -€25,901 | -30.3% |
| Amounts payable within one year | 42/48 | €101,922 | €109,409 | +€7,487 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €24,819 | €25,901 | +€1,082 | +4.4% |
| Trade debts | 44 | €37,840 | €70,647 | +€32,807 | +86.7% |
| Suppliers | 440/4 | €37,840 | €70,647 | +€32,807 | +86.7% |
| Taxes, remuneration and social security | 45 | €6,279 | €10,980 | +€4,701 | +74.9% |
| Taxes | 450/3 | €446 | - | -€446 | |
| Remuneration and social security | 454/9 | €5,833 | €10,980 | +€5,147 | +88.2% |
| Other amounts payable | 47/48 | €32,984 | €1,881 | -€31,103 | -94.3% |
| Accrued charges and deferred income | 492/3 | €12,499 | €13,435 | +€936 | +7.5% |
| Remuneration, social security and pensions | 62 | €548,596 | €577,471 | +€28,875 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,494 | €36,195 | -€3,299 | -8.4% |
| Other operating charges | 640/8 | €1,297 | €2,965 | +€1,668 | +129% |
| Non-recurring operating charges | 66A | - | €3,915 | +€3,915 | |
| Gross operating margin | 9900 | €587,264 | €643,215 | +€55,951 | +9.5% |
| Operating profit (loss) | 9901 | -€2,123 | €22,669 | +€24,792 | |
| Financial income | 75/76B | €2,023 | €415 | -€1,608 | -79.5% |
| Recurring financial income | 75 | €2,023 | €415 | -€1,608 | -79.5% |
| Financial charges | 65/66B | €9,548 | €4,799 | -€4,749 | -49.7% |
| Recurring financial charges | 65 | €9,548 | €4,799 | -€4,749 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,648 | €18,285 | +€27,933 | |
| Income taxes | 67/77 | €59 | €57 | -€2 | -3.4% |
| Profit (loss) for the period | 9904 | -€9,707 | €18,228 | +€27,935 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,707 | €18,228 | +€27,935 |
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 29 October 2026 via checked.be.