ECOWORKS: what changed
Two fiscal 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
ECOWORKS
NACE 81.300, Landscape service activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€51,875
2024 · €234,815-€182,939
Equity
€950,538
2024 · €931,928+€18,610
Cash
€591,951
2024 · €562,532+€29,420
Balance sheet total
€3.3m
2024 · €2.8m+€441,029
Largest movements
Assets
- Receivables within one year +€257,365
up €257,365 (+15.4%), from €1.7m to €1.9m
of which Trade receivables: +€229,493
- Tangible fixed assets +€205,299
up €205,299 (+573.6%), from €35,791 to €241,090
of which Leasing and similar rights: +€202,238
Equity and liabilities
- Trade debts +€328,274
up €328,274 (+33.6%), from €976,035 to €1.3m
- Debts after one year +€129,246
up €129,246 (+149.0%), from €86,733 to €215,979
- Short-term financial debts -€65,345
down €65,345 (-76.2%), from €85,732 to €20,387
Income statement
- Staff costs +€329,621
up €329,621 (+18.0%), from €1.8m to €2.2m
- Gross operating margin +€72,230
up €72,230 (+3.2%), from €2.2m to €2.3m
- Taxes -€65,413
down €65,413 (-71.0%), from €92,134 to €26,721
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
€234,815
Gross operating margin
+€72,230
Staff costs
-€329,621
Depreciation
-€4,913
Other operating charges
-€5,906
Other operating items
+€500
Financial income
+€5,922
Financial charges
+€13,435
Taxes
+€65,413
Result 2025
€51,875
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.
From operations
+€227,692
Investment
-€259,889
Financing
+€61,616
Cash 2024
€562,532
From operations (derived)
+€227,692
Net result for the year
+€51,875
Depreciation
+€58,931
Stocks and contracts
+€19,684
Receivables within one year
-€257,365
Deferred charges and accrued income
+€27,029
Trade debts
+€328,274
Tax, wage and social debts
+€19,508
Other debts
-€1,206
Accrued charges and deferred income
-€19,039
Investment (derived)
-€259,889
Investment in fixed assets (net)
-€259,889
Financing
+€61,616
Debts after one year
+€129,246
Current portion of long-term debt
+€30,980
Short-term financial debts
-€65,345
Contributions, distributions and other
-€33,265
Cash 2025
€591,951
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,822,084 | €3,263,113 | +€441,029 | +15.6% |
| Fixed assets | 21/28 | €55,468 | €256,426 | +€200,958 | +362.3% |
| Intangible fixed assets | 21 | €19,543 | €4,901 | -€14,641 | -74.9% |
| Tangible fixed assets | 22/27 | €35,791 | €241,090 | +€205,299 | +573.6% |
| Plant, machinery and equipment | 23 | €13,218 | €9,605 | -€3,613 | -27.3% |
| Furniture and vehicles | 24 | €22,572 | €29,247 | +€6,675 | +29.6% |
| Leasing and similar rights | 25 | - | €202,238 | +€202,238 | |
| Financial fixed assets | 28 | €135 | €10,435 | +€10,300 | +7629.6% |
| Current assets | 29/58 | €2,766,616 | €3,006,687 | +€240,071 | +8.7% |
| Stocks and contracts in progress | 3 | €282,915 | €263,231 | -€19,684 | -7.0% |
| Stocks | 30/36 | €282,915 | €263,231 | -€19,684 | -7.0% |
| Amounts receivable within one year | 40/41 | €1,672,441 | €1,929,805 | +€257,365 | +15.4% |
| Trade receivables | 40 | €1,602,796 | €1,832,288 | +€229,493 | +14.3% |
| Other amounts receivable | 41 | €69,645 | €97,517 | +€27,872 | +40.0% |
| Cash at bank and in hand | 54/58 | €562,532 | €591,951 | +€29,420 | +5.2% |
| Deferred charges and accrued income | 490/1 | €248,729 | €221,699 | -€27,029 | -10.9% |
| Total equity and liabilities | 10/49 | €2,822,084 | €3,263,113 | +€441,029 | +15.6% |
| Equity | 10/15 | €931,928 | €950,538 | +€18,610 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,414 | €49,414 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €8,500 | €8,500 | = | 0.0% |
| Distributable reserves | 133 | €39,054 | €40,914 | +€1,860 | +4.8% |
| Profit (loss) carried forward | 14 | €863,914 | €882,524 | +€18,610 | +2.2% |
| Amounts payable | 17/49 | €1,890,157 | €2,312,575 | +€422,419 | +22.3% |
| Amounts payable after more than one year | 17 | €86,733 | €215,979 | +€129,246 | +149.0% |
| Financial debts | 170/4 | €86,733 | €215,979 | +€129,246 | +149.0% |
| Amounts payable within one year | 42/48 | €1,375,314 | €1,687,525 | +€312,211 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €42,832 | €73,812 | +€30,980 | +72.3% |
| Financial debts | 43 | €85,732 | €20,387 | -€65,345 | -76.2% |
| Credit institutions | 430/8 | €85,732 | €20,387 | -€65,345 | -76.2% |
| Trade debts | 44 | €976,035 | €1,304,309 | +€328,274 | +33.6% |
| Suppliers | 440/4 | €976,035 | €1,304,309 | +€328,274 | +33.6% |
| Taxes, remuneration and social security | 45 | €235,038 | €254,546 | +€19,508 | +8.3% |
| Taxes | 450/3 | €13,788 | €0 | -€13,788 | -100.0% |
| Remuneration and social security | 454/9 | €221,250 | €254,546 | +€33,296 | +15.0% |
| Other amounts payable | 47/48 | €35,677 | €34,471 | -€1,206 | -3.4% |
| Accrued charges and deferred income | 492/3 | €428,110 | €409,071 | -€19,039 | -4.4% |
| Non-recurring operating income | 76A | €4,390 | €12,000 | +€7,610 | +173.3% |
| Remuneration, social security and pensions | 62 | €1,827,718 | €2,157,339 | +€329,621 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,018 | €58,931 | +€4,913 | +9.1% |
| Other operating charges | 640/8 | €6,610 | €12,516 | +€5,906 | +89.3% |
| Non-recurring operating charges | 66A | €500 | €0 | -€500 | -100.0% |
| Gross operating margin | 9900 | €2,249,691 | €2,321,922 | +€72,230 | +3.2% |
| Operating profit (loss) | 9901 | €360,845 | €93,136 | -€267,710 | -74.2% |
| Financial income | 75/76B | €20,325 | €26,248 | +€5,922 | +29.1% |
| Recurring financial income | 75 | €20,325 | €26,248 | +€5,922 | +29.1% |
| Financial charges | 65/66B | €54,222 | €40,787 | -€13,435 | -24.8% |
| Recurring financial charges | 65 | €54,222 | €40,787 | -€13,435 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €326,948 | €78,596 | -€248,352 | -76.0% |
| Income taxes | 67/77 | €92,134 | €26,721 | -€65,413 | -71.0% |
| Profit (loss) for the period | 9904 | €234,815 | €51,875 | -€182,939 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €234,815 | €51,875 | -€182,939 | -77.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.