Go ECO: 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.
Go ECO
Largest movements
- Stocks and contracts +€22,700
up €22,700 (+98.3%), from €23,094 to €45,794
of which Stocks: +€25,864
- Cash +€10,820
up €10,820 (+82.3%), from €13,142 to €23,962
mainly Trade debts (+€20,697) and Depreciation (+€11,076)
- Tangible fixed assets -€10,332
down €10,332 (-87.5%), from €11,802 to €1,470
of which Furniture and vehicles: -€9,957
- Receivables within one year -€6,046
down €6,046 (-12.1%), from €50,051 to €44,004
of which Trade receivables: -€9,563
- Trade debts +€20,697
up €20,697 (+109%), from €19,023 to €39,721
- Current portion of long-term debt -€6,086
no longer reported in 2025 (was €6,086)
- Other debts +€5,724
up €5,724 (+4,041%), from €142 to €5,865
- Accrued charges and deferred income -€3,759
down €3,759 (-77.3%), from €4,865 to €1,107
- Advances received -€3,403
down €3,403 (-51.1%), from €6,656 to €3,254
- Gross operating margin +€1,123
up €1,123 (+8.5%), from €13,275 to €14,398
- Depreciation +€378
up €378 (+3.5%), from €10,698 to €11,076
- Financial charges +€288
up €288 (+38.5%), from €749 to €1,037
- Financial income -€272
down €272 (-73.7%), from €369 to €97
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 | €99,360 | €116,189 | +€16,829 | +16.9% |
| Fixed assets | 21/28 | €11,802 | €1,470 | -€10,332 | -87.5% |
| Tangible fixed assets | 22/27 | €11,802 | €1,470 | -€10,332 | -87.5% |
| Plant, machinery and equipment | 23 | €1,302 | €927 | -€375 | -28.8% |
| Furniture and vehicles | 24 | €10,500 | €543 | -€9,957 | -94.8% |
| Current assets | 29/58 | €87,558 | €114,719 | +€27,161 | +31.0% |
| Stocks and contracts in progress | 3 | €23,094 | €45,794 | +€22,700 | +98.3% |
| Stocks | 30/36 | €19,471 | €45,334 | +€25,864 | +133% |
| Contracts in progress | 37 | €3,623 | €460 | -€3,163 | -87.3% |
| Amounts receivable within one year | 40/41 | €50,051 | €44,004 | -€6,046 | -12.1% |
| Trade receivables | 40 | €45,298 | €35,734 | -€9,563 | -21.1% |
| Other amounts receivable | 41 | €4,753 | €8,270 | +€3,517 | +74.0% |
| Cash at bank and in hand | 54/58 | €13,142 | €23,962 | +€10,820 | +82.3% |
| Deferred charges and accrued income | 490/1 | €1,271 | €959 | -€313 | -24.6% |
| Total equity and liabilities | 10/49 | €99,360 | €116,189 | +€16,829 | +16.9% |
| Equity | 10/15 | €47,946 | €48,924 | +€978 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,401 | €57,401 | = | 0.0% |
| Distributable reserves | 133 | €57,401 | €57,401 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,054 | -€27,077 | +€978 | +3.5% |
| Amounts payable | 17/49 | €51,414 | €67,265 | +€15,851 | +30.8% |
| Amounts payable after more than one year | 17 | €13,201 | €13,201 | = | 0.0% |
| Other amounts payable | 178/9 | €13,201 | €13,201 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33,347 | €52,957 | +€19,610 | +58.8% |
| Current portion of amounts payable after more than one year | 42 | €6,086 | - | -€6,086 | |
| Trade debts | 44 | €19,023 | €39,721 | +€20,697 | +109% |
| Suppliers | 440/4 | €19,023 | €39,721 | +€20,697 | +109% |
| Advances received on contracts in progress | 46 | €6,656 | €3,254 | -€3,403 | -51.1% |
| Taxes, remuneration and social security | 45 | €1,440 | €4,118 | +€2,678 | +186% |
| Taxes | 450/3 | €1,440 | €2,890 | +€1,450 | +101% |
| Remuneration and social security | 454/9 | - | €1,228 | +€1,228 | |
| Other amounts payable | 47/48 | €142 | €5,865 | +€5,724 | +4,041% |
| Accrued charges and deferred income | 492/3 | €4,865 | €1,107 | -€3,759 | -77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,698 | €11,076 | +€378 | +3.5% |
| Other operating charges | 640/8 | €1,282 | €1,394 | +€112 | +8.7% |
| Gross operating margin | 9900 | €13,275 | €14,398 | +€1,123 | +8.5% |
| Operating profit (loss) | 9901 | €1,295 | €1,928 | +€633 | +48.9% |
| Financial income | 75/76B | €369 | €97 | -€272 | -73.7% |
| Recurring financial income | 75 | €369 | €97 | -€272 | -73.7% |
| Financial charges | 65/66B | €749 | €1,037 | +€288 | +38.5% |
| Recurring financial charges | 65 | €749 | €1,037 | +€288 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €915 | €988 | +€73 | +8.0% |
| Income taxes | 67/77 | €7 | €10 | +€3 | +42.5% |
| Profit (loss) for the period | 9904 | €907 | €978 | +€70 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €907 | €978 | +€70 | +7.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.