EKO: 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.
EKO
Largest movements
- Current investments -€250,000
down €250,000 (-50.0%), from €500,000 to €250,000
- Receivables after one year +€140,000
new in 2025: €140,000
- Cash +€79,999
up €79,999 (+224.3%), from €35,664 to €115,663
mainly Current investments (+€250,000) and Net result for the year (+€82,959)
- Trade debts -€90,309
down €90,309 (-98.2%), from €91,926 to €1,617
- Reserves +€32,959
up €32,959 (+10.7%), from €306,934 to €339,894
of which Distributable reserves: +€32,959
- Tax, wage and social debts +€21,825
up €21,825, from €0 to €21,825
- Gross operating margin +€107,235
up €107,235, from -€6,636 to €100,600
- Taxes +€22,984
up €22,984, from €0 to €22,984
- Other operating charges -€10,177
down €10,177 (-89.0%), from €11,430 to €1,253
- Financial income +€7,421
up €7,421 (+394.2%), from €1,883 to €9,303
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 | €901,673 | €866,149 | -€35,524 | -3.9% |
| Fixed assets | 21/28 | €310,621 | €308,284 | -€2,337 | -0.8% |
| Tangible fixed assets | 22/27 | €310,621 | €308,284 | -€2,337 | -0.8% |
| Land and buildings | 22 | €306,846 | €305,727 | -€1,119 | -0.4% |
| Plant, machinery and equipment | 23 | €3,775 | €2,557 | -€1,218 | -32.3% |
| Current assets | 29/58 | €591,052 | €557,865 | -€33,187 | -5.6% |
| Amounts receivable after more than one year | 29 | - | €140,000 | +€140,000 | |
| Other amounts receivable | 291 | - | €140,000 | +€140,000 | |
| Amounts receivable within one year | 40/41 | €55,388 | €52,110 | -€3,278 | -5.9% |
| Other amounts receivable | 41 | €55,388 | €52,110 | -€3,278 | -5.9% |
| Current investments | 50/53 | €500,000 | €250,000 | -€250,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €35,664 | €115,663 | +€79,999 | +224.3% |
| Deferred charges and accrued income | 490/1 | €0 | €92 | +€92 | |
| Total equity and liabilities | 10/49 | €901,673 | €866,149 | -€35,524 | -3.9% |
| Equity | 10/15 | €807,247 | €840,207 | +€32,959 | +4.1% |
| Contributions | 10/11 | €500,313 | €500,313 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Outside capital | 11 | €313 | €313 | = | 0.0% |
| Share premium | 1100/10 | €313 | €313 | = | 0.0% |
| Reserves | 13 | €306,934 | €339,894 | +€32,959 | +10.7% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €256,934 | €289,894 | +€32,959 | +12.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €94,426 | €25,943 | -€68,483 | -72.5% |
| Amounts payable within one year | 42/48 | €91,926 | €23,443 | -€68,483 | -74.5% |
| Trade debts | 44 | €91,926 | €1,617 | -€90,309 | -98.2% |
| Suppliers | 440/4 | €91,926 | €1,617 | -€90,309 | -98.2% |
| Taxes, remuneration and social security | 45 | €0 | €21,825 | +€21,825 | |
| Taxes | 450/3 | €0 | €21,825 | +€21,825 | |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,130 | €2,337 | -€793 | -25.3% |
| Other operating charges | 640/8 | €11,430 | €1,253 | -€10,177 | -89.0% |
| Gross operating margin | 9900 | -€6,636 | €100,600 | +€107,235 | |
| Operating profit (loss) | 9901 | -€21,195 | €97,010 | +€118,206 | |
| Financial income | 75/76B | €1,883 | €9,303 | +€7,421 | +394.2% |
| Recurring financial income | 75 | €1,883 | €9,303 | +€7,421 | +394.2% |
| Financial charges | 65/66B | €216 | €371 | +€155 | +71.5% |
| Recurring financial charges | 65 | €216 | €371 | +€155 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,529 | €105,943 | +€125,472 | |
| Income taxes | 67/77 | €0 | €22,984 | +€22,984 | |
| Profit (loss) for the period | 9904 | -€19,529 | €82,959 | +€102,488 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,529 | €82,959 | +€102,488 |
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 30 September 2026 via checked.be.