S.A. ECOGEST: 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.
S.A. ECOGEST
Largest movements
- Tangible fixed assets -€149,388
down €149,388 (-7.7%), from €1.9m to €1.8m
of which Land and buildings: -€93,132
- Current investments -€90,000
no longer reported in 2025 (was €90,000)
- Cash +€66,215
up €66,215 (+187%), from €35,474 to €101,689
mainly Depreciation (+€149,388) and Current investments (+€90,000)
- Other debts -€108,579
down €108,579 (-16.4%), from €662,515 to €553,936
- Debts after one year -€95,577
down €95,577 (-15.7%), from €610,355 to €514,778
- Reserves +€52,346
up €52,346 (+29.8%), from €175,944 to €228,290
of which Distributable reserves: +€52,346
- Gross operating margin +€32,756
up €32,756 (+11.0%), from €296,849 to €329,606
- Financial charges +€18,957
up €18,957 (+92.9%), from €20,414 to €39,371
- Taxes +€4,695
up €4,695 (+14.8%), from €31,787 to €36,482
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 | €2,074,454 | €1,902,118 | -€172,336 | -8.3% |
| Fixed assets | 21/28 | €1,948,980 | €1,799,592 | -€149,388 | -7.7% |
| Tangible fixed assets | 22/27 | €1,948,980 | €1,799,592 | -€149,388 | -7.7% |
| Land and buildings | 22 | €1,667,097 | €1,573,965 | -€93,132 | -5.6% |
| Plant, machinery and equipment | 23 | €281,883 | €225,627 | -€56,256 | -20.0% |
| Current assets | 29/58 | €125,474 | €102,526 | -€22,948 | -18.3% |
| Amounts receivable within one year | 40/41 | - | €837 | +€837 | |
| Other amounts receivable | 41 | - | €837 | +€837 | |
| Current investments | 50/53 | €90,000 | - | -€90,000 | |
| Cash at bank and in hand | 54/58 | €35,474 | €101,689 | +€66,215 | +187% |
| Total equity and liabilities | 10/49 | €2,074,454 | €1,902,118 | -€172,336 | -8.3% |
| Equity | 10/15 | €649,151 | €701,497 | +€52,346 | +8.1% |
| Contributions | 10/11 | €372,000 | €372,000 | = | 0.0% |
| Capital | 10 | €372,000 | €372,000 | = | 0.0% |
| Issued capital | 100 | €372,000 | €372,000 | = | 0.0% |
| Reserves | 13 | €175,944 | €228,290 | +€52,346 | +29.8% |
| Non-distributable reserves | 130/1 | €37,200 | €37,200 | = | 0.0% |
| Legal reserve | 130 | €37,200 | €37,200 | = | 0.0% |
| Distributable reserves | 133 | €138,744 | €191,090 | +€52,346 | +37.7% |
| Profit (loss) carried forward | 14 | €101,207 | €101,207 | = | 0.0% |
| Amounts payable | 17/49 | €1,425,302 | €1,200,620 | -€224,682 | -15.8% |
| Amounts payable after more than one year | 17 | €610,355 | €514,778 | -€95,577 | -15.7% |
| Financial debts | 170/4 | €610,355 | €514,778 | -€95,577 | -15.7% |
| Amounts payable within one year | 42/48 | €811,583 | €663,346 | -€148,236 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €94,488 | €78,187 | -€16,300 | -17.3% |
| Trade debts | 44 | €19,924 | €3,902 | -€16,023 | -80.4% |
| Suppliers | 440/4 | €19,924 | €3,902 | -€16,023 | -80.4% |
| Taxes, remuneration and social security | 45 | €34,656 | €27,322 | -€7,335 | -21.2% |
| Taxes | 450/3 | €34,656 | €27,322 | -€7,335 | -21.2% |
| Other amounts payable | 47/48 | €662,515 | €553,936 | -€108,579 | -16.4% |
| Accrued charges and deferred income | 492/3 | €3,365 | €22,496 | +€19,131 | +569% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,346 | €149,388 | +€42 | 0.0% |
| Other operating charges | 640/8 | €33,848 | €33,440 | -€409 | -1.2% |
| Gross operating margin | 9900 | €296,849 | €329,606 | +€32,756 | +11.0% |
| Operating profit (loss) | 9901 | €113,655 | €146,778 | +€33,123 | +29.1% |
| Financial income | 75/76B | - | €1,421 | +€1,421 | |
| Recurring financial income | 75 | - | €1,421 | +€1,421 | |
| Financial charges | 65/66B | €20,414 | €39,371 | +€18,957 | +92.9% |
| Recurring financial charges | 65 | €20,414 | €39,371 | +€18,957 | +92.9% |
| Profit (loss) for the period before taxes | 9903 | €93,241 | €108,828 | +€15,587 | +16.7% |
| Income taxes | 67/77 | €31,787 | €36,482 | +€4,695 | +14.8% |
| Profit (loss) for the period | 9904 | €61,454 | €72,346 | +€10,892 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,454 | €72,346 | +€10,892 | +17.7% |
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 18 October 2026 via checked.be.