EECO HOLDING: 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.
What changed
EECO HOLDING
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.9m
2024 · €3.5m+€1.4m
Equity
€19.4m
2024 · €14.4m+€4.9m
Cash
€6.8m
2024 · €1.8m+€5.1m
Balance sheet total
€19.4m
2024 · €35.0m-€15.7m
Largest movements
Assets
- Financial fixed assets -€20.5m
down €20.5m (-62.1%), from €33.0m to €12.5m
of which Affiliated companies: -€15.3m
- Cash +€5.1m
up €5.1m (+289%), from €1.8m to €6.8m
mainly Investment in fixed assets (net) (+€20.5m) and Net result for the year (+€4.9m)
Equity and liabilities
- Other debts -€11.0m
no longer reported in 2025 (was €11.0m)
- Current portion of long-term debt -€9.5m
no longer reported in 2025 (was €9.5m)
- Profit (loss) carried forward +€4.9m
up €4.9m (+635%), from €776,138 to €5.7m
Income statement
- Financial income +€1.0m
up €1.0m (+23.5%), from €4.4m to €5.4m
of which Non-recurring financial income: +€1.3m
- Financial charges -€510,014
down €510,014 (-97.1%), from €525,266 to €15,251
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
€3.5m
Depreciation
+€701
Other operating charges
-€99,536
Other operating items
+€60,838
Financial income
+€1.0m
Financial charges
+€510,014
Taxes
-€60,509
Result 2025
€4.9m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€5.8m
Investment
+€20.5m
Financing
-€9.5m
Cash 2024
€1.8m
From operations (derived)
-€5.8m
Net result for the year
+€4.9m
Depreciation
+€224,169
Receivables after one year
+€60,509
Smaller working-capital items
+€20,364
Trade debts
-€70,019
Other debts
-€11.0m
Investment (derived)
+€20.5m
Investment in fixed assets (net)
+€20.5m
Financing
-€9.5m
Current portion of long-term debt
-€9.5m
Cash 2025
€6.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,041,870 | €19,360,918 | -€15.7m | -44.7% |
| Formation expenses | 20 | €224,169 | €0 | -€224,169 | -100% |
| Fixed assets | 21/28 | €32,952,764 | €12,482,983 | -€20.5m | -62.1% |
| Financial fixed assets | 28 | €32,952,764 | €12,482,983 | -€20.5m | -62.1% |
| Affiliated companies | 280/1 | €23,679,090 | €8,365,188 | -€15.3m | -64.7% |
| Participating interests | 280 | €6,870,000 | €3,450,000 | -€3.4m | -49.8% |
| Amounts receivable | 281 | €16,809,090 | €4,915,188 | -€11.9m | -70.8% |
| Other financial fixed assets | 284/8 | €9,273,674 | €4,117,795 | -€5.2m | -55.6% |
| Amounts receivable and cash guarantees | 285/8 | €9,273,674 | €4,117,795 | -€5.2m | -55.6% |
| Current assets | 29/58 | €1,864,938 | €6,877,935 | +€5.0m | +269% |
| Amounts receivable after more than one year | 29 | €60,509 | €0 | -€60,509 | -100% |
| Other amounts receivable | 291 | €60,509 | €0 | -€60,509 | -100% |
| Amounts receivable within one year | 40/41 | €29,070 | €29,070 | = | 0.0% |
| Trade receivables | 40 | €29,070 | €29,070 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,760,908 | €6,848,865 | +€5.1m | +289% |
| Deferred charges and accrued income | 490/1 | €14,451 | - | -€14,451 | |
| Total equity and liabilities | 10/49 | €35,041,870 | €19,360,918 | -€15.7m | -44.7% |
| Equity | 10/15 | €14,425,040 | €19,355,005 | +€4.9m | +34.2% |
| Contributions | 10/11 | €12,408,093 | €12,408,093 | = | 0.0% |
| Capital | 10 | €12,408,093 | €12,408,093 | = | 0.0% |
| Issued capital | 100 | €12,408,093 | €12,408,093 | = | 0.0% |
| Reserves | 13 | €1,240,809 | €1,240,809 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,240,809 | €1,240,809 | = | 0.0% |
| Legal reserve | 130 | €1,240,809 | €1,240,809 | = | 0.0% |
| Profit (loss) carried forward | 14 | €776,138 | €5,706,103 | +€4.9m | +635% |
| Amounts payable | 17/49 | €20,616,830 | €5,913 | -€20.6m | -100.0% |
| Amounts payable within one year | 42/48 | €20,616,830 | €5,913 | -€20.6m | -100.0% |
| Current portion of amounts payable after more than one year | 42 | €9,545,811 | - | -€9.5m | |
| Trade debts | 44 | €70,019 | - | -€70,019 | |
| Suppliers | 440/4 | €70,019 | - | -€70,019 | |
| Taxes, remuneration and social security | 45 | - | €5,913 | +€5,913 | |
| Taxes | 450/3 | - | €5,913 | +€5,913 | |
| Other amounts payable | 47/48 | €11,001,000 | - | -€11.0m | |
| Operating charges | 60/66A | €372,744 | €410,740 | +€37,996 | +10.2% |
| Services and other goods | 61 | €96,442 | €23,492 | -€72,950 | -75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224,869 | €224,169 | -€701 | -0.3% |
| Other operating charges | 640/8 | €27,382 | €126,917 | +€99,536 | +364% |
| Non-recurring operating charges | 66A | €24,050 | €36,162 | +€12,112 | +50.4% |
| Operating profit (loss) | 9901 | -€372,744 | -€410,740 | -€37,996 | -10.2% |
| Financial income | 75/76B | €4,386,047 | €5,416,466 | +€1.0m | +23.5% |
| Recurring financial income | 75 | €4,386,047 | €4,115,003 | -€271,044 | -6.2% |
| Income from financial fixed assets | 750 | €4,386,047 | €4,114,904 | -€271,143 | -6.2% |
| Other financial income | 752/9 | - | €99 | +€99 | |
| Non-recurring financial income | 76B | - | €1,301,463 | +€1.3m | |
| Financial charges | 65/66B | €525,266 | €15,251 | -€510,014 | -97.1% |
| Recurring financial charges | 65 | €525,266 | €15,251 | -€510,014 | -97.1% |
| Debt charges | 650 | €467,077 | - | -€467,077 | |
| Other financial charges | 652/9 | €58,189 | €15,251 | -€42,937 | -73.8% |
| Profit (loss) for the period before taxes | 9903 | €3,488,038 | €4,990,474 | +€1.5m | +43.1% |
| Income taxes | 67/77 | - | €60,509 | +€60,509 | |
| Taxes | 670/3 | - | €60,509 | +€60,509 | |
| Profit (loss) for the period | 9904 | €3,488,038 | €4,929,965 | +€1.4m | +41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,488,038 | €4,929,965 | +€1.4m | +41.3% |
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.