L'ECRIN DE NATURE: what changed
L'ECRIN DE NATURE
Largest movements
- Receivables within one year +€38,734
up €38,734 (+92.5%), from €41,857 to €80,590
of which Trade receivables: +€59,887
- Tangible fixed assets -€33,321
down €33,321 (-24.6%), from €135,393 to €102,072
of which Plant, machinery and equipment: -€22,812
- Cash +€27,558
up €27,558 (+170%), from €16,170 to €43,728
mainly Trade debts (+€73,605) and Net result for the year (+€42,852)
- Stocks and contracts +€21,400
up €21,400 (+48.6%), from €44,000 to €65,400
- Trade debts +€73,605
up €73,605 (+909%), from €8,095 to €81,700
- Profit (loss) carried forward +€35,110
up €35,110 (+157%), from €22,319 to €57,429
- Debts after one year -€23,692
down €23,692 (-18.2%), from €130,477 to €106,785
- Tax, wage and social debts -€18,029
down €18,029 (-58.9%), from €30,606 to €12,578
of which Taxes: -€16,562
- Other debts -€10,193
down €10,193 (-61.6%), from €16,542 to €6,348
- Gross operating margin +€26,073
up €26,073 (+27.1%), from €96,161 to €122,234
- Depreciation -€5,995
down €5,995 (-14.1%), from €42,616 to €36,621
- Taxes +€5,795
up €5,795 (+110%), from €5,260 to €11,054
- Staff costs +€1,370
up €1,370 (+6.4%), from €21,464 to €22,834
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €238,518 | €293,848 | +€55,330 | +23.2% |
| Fixed assets | 21/28 | €135,394 | €102,073 | -€33,321 | -24.6% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €135,393 | €102,072 | -€33,321 | -24.6% |
| Land and buildings | 22 | €33,775 | €29,716 | -€4,059 | -12.0% |
| Plant, machinery and equipment | 23 | €78,981 | €56,169 | -€22,812 | -28.9% |
| Furniture and vehicles | 24 | €22,637 | €16,187 | -€6,450 | -28.5% |
| Current assets | 29/58 | €103,124 | €191,775 | +€88,651 | +86.0% |
| Stocks and contracts in progress | 3 | €44,000 | €65,400 | +€21,400 | +48.6% |
| Stocks | 30/36 | €44,000 | €65,400 | +€21,400 | +48.6% |
| Amounts receivable within one year | 40/41 | €41,857 | €80,590 | +€38,734 | +92.5% |
| Trade receivables | 40 | €2,403 | €62,289 | +€59,887 | +2,493% |
| Other amounts receivable | 41 | €39,454 | €18,301 | -€21,153 | -53.6% |
| Cash at bank and in hand | 54/58 | €16,170 | €43,728 | +€27,558 | +170% |
| Deferred charges and accrued income | 490/1 | €1,098 | €2,057 | +€959 | +87.3% |
| Total equity and liabilities | 10/49 | €238,518 | €293,848 | +€55,330 | +23.2% |
| Equity | 10/15 | €26,319 | €61,429 | +€35,110 | +133% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,319 | €57,429 | +€35,110 | +157% |
| Amounts payable | 17/49 | €212,199 | €232,418 | +€20,220 | +9.5% |
| Amounts payable after more than one year | 17 | €130,477 | €106,785 | -€23,692 | -18.2% |
| Financial debts | 170/4 | €130,477 | €106,785 | -€23,692 | -18.2% |
| Amounts payable within one year | 42/48 | €80,434 | €124,318 | +€43,884 | +54.6% |
| Current portion of amounts payable after more than one year | 42 | €25,192 | €23,692 | -€1,499 | -6.0% |
| Trade debts | 44 | €8,095 | €81,700 | +€73,605 | +909% |
| Suppliers | 440/4 | €8,095 | €81,700 | +€73,605 | +909% |
| Taxes, remuneration and social security | 45 | €30,606 | €12,578 | -€18,029 | -58.9% |
| Taxes | 450/3 | €26,963 | €10,401 | -€16,562 | -61.4% |
| Remuneration and social security | 454/9 | €3,643 | €2,177 | -€1,466 | -40.3% |
| Other amounts payable | 47/48 | €16,542 | €6,348 | -€10,193 | -61.6% |
| Accrued charges and deferred income | 492/3 | €1,287 | €1,315 | +€28 | +2.2% |
| Remuneration, social security and pensions | 62 | €21,464 | €22,834 | +€1,370 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,616 | €36,621 | -€5,995 | -14.1% |
| Other operating charges | 640/8 | €1,402 | €1,157 | -€244 | -17.4% |
| Gross operating margin | 9900 | €96,161 | €122,234 | +€26,073 | +27.1% |
| Operating profit (loss) | 9901 | €30,680 | €61,622 | +€30,942 | +101% |
| Financial income | 75/76B | €194 | €14 | -€180 | -92.6% |
| Recurring financial income | 75 | €194 | €14 | -€180 | -92.6% |
| Financial charges | 65/66B | €6,591 | €7,730 | +€1,139 | +17.3% |
| Recurring financial charges | 65 | €6,591 | €7,730 | +€1,139 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €24,282 | €53,906 | +€29,624 | +122% |
| Income taxes | 67/77 | €5,260 | €11,054 | +€5,795 | +110% |
| Profit (loss) for the period | 9904 | €19,023 | €42,852 | +€23,829 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €19,023 | €42,852 | +€23,829 | +125% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.