SDC-ECOGROUP: 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.
SDC-ECOGROUP
Largest movements
- Receivables within one year +€80,430
up €80,430 (+89.4%), from €90,008 to €170,438
of which Trade receivables: +€46,467
- Stocks and contracts +€48,189
new in 2025: €48,189
- Tangible fixed assets -€28,693
down €28,693 (-54.6%), from €52,567 to €23,873
of which Furniture and vehicles: -€28,153
- Intangible fixed assets -€4,283
down €4,283 (-43.7%), from €9,796 to €5,513
- Deferred charges and accrued income -€3,600
down €3,600 (-40.3%), from €8,928 to €5,327
- Short-term financial debts +€69,968
up €69,968 (+140%), from €50,000 to €119,968
- Trade debts +€42,225
up €42,225 (+612%), from €6,900 to €49,125
- Other debts -€29,364
down €29,364 (-47.0%), from €62,444 to €33,080
- Tax, wage and social debts +€7,095
up €7,095 (+788%), from €900 to €7,995
of which Remuneration and social security: +€5,000
- Profit (loss) carried forward +€5,449
up €5,449 (+17.5%), from €31,224 to €36,674
- Gross operating margin -€22,982
down €22,982 (-36.5%), from €62,912 to €39,930
- Depreciation -€5,343
down €5,343 (-25.9%), from €20,611 to €15,268
- Other operating charges +€4,318
up €4,318 (+113%), from €3,809 to €8,127
- Financial charges +€4,064
up €4,064 (+723%), from €562 to €4,626
- Taxes -€2,974
down €2,974 (-31.5%), from €9,435 to €6,461
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 | €196,468 | €291,840 | +€95,372 | +48.5% |
| Fixed assets | 21/28 | €62,363 | €29,386 | -€32,977 | -52.9% |
| Intangible fixed assets | 21 | €9,796 | €5,513 | -€4,283 | -43.7% |
| Tangible fixed assets | 22/27 | €52,567 | €23,873 | -€28,693 | -54.6% |
| Plant, machinery and equipment | 23 | €2,419 | €1,879 | -€540 | -22.3% |
| Furniture and vehicles | 24 | €50,147 | €21,994 | -€28,153 | -56.1% |
| Current assets | 29/58 | €134,105 | €262,454 | +€128,349 | +95.7% |
| Stocks and contracts in progress | 3 | - | €48,189 | +€48,189 | |
| Stocks | 30/36 | - | €48,189 | +€48,189 | |
| Amounts receivable within one year | 40/41 | €90,008 | €170,438 | +€80,430 | +89.4% |
| Trade receivables | 40 | €34,948 | €81,415 | +€46,467 | +133% |
| Other amounts receivable | 41 | €55,060 | €89,023 | +€33,963 | +61.7% |
| Cash at bank and in hand | 54/58 | €35,169 | €38,500 | +€3,331 | +9.5% |
| Deferred charges and accrued income | 490/1 | €8,928 | €5,327 | -€3,600 | -40.3% |
| Total equity and liabilities | 10/49 | €196,468 | €291,840 | +€95,372 | +48.5% |
| Equity | 10/15 | €36,224 | €41,674 | +€5,449 | +15.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,224 | €36,674 | +€5,449 | +17.5% |
| Amounts payable | 17/49 | €160,243 | €250,167 | +€89,923 | +56.1% |
| Amounts payable within one year | 42/48 | €160,243 | €250,167 | +€89,923 | +56.1% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €40,000 | = | 0.0% |
| Financial debts | 43 | €50,000 | €119,968 | +€69,968 | +140% |
| Credit institutions | 430/8 | €50,000 | €119,968 | +€69,968 | +140% |
| Trade debts | 44 | €6,900 | €49,125 | +€42,225 | +612% |
| Suppliers | 440/4 | €6,900 | €49,125 | +€42,225 | +612% |
| Taxes, remuneration and social security | 45 | €900 | €7,995 | +€7,095 | +788% |
| Taxes | 450/3 | €900 | €2,995 | +€2,095 | +233% |
| Remuneration and social security | 454/9 | - | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | €62,444 | €33,080 | -€29,364 | -47.0% |
| Non-recurring operating income | 76A | €5,000 | €4,027 | -€973 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,611 | €15,268 | -€5,343 | -25.9% |
| Other operating charges | 640/8 | €3,809 | €8,127 | +€4,318 | +113% |
| Gross operating margin | 9900 | €62,912 | €39,930 | -€22,982 | -36.5% |
| Operating profit (loss) | 9901 | €38,492 | €16,535 | -€21,957 | -57.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,011% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,011% |
| Financial charges | 65/66B | €562 | €4,626 | +€4,064 | +723% |
| Recurring financial charges | 65 | €562 | €4,626 | +€4,064 | +723% |
| Profit (loss) for the period before taxes | 9903 | €37,930 | €11,910 | -€26,020 | -68.6% |
| Income taxes | 67/77 | €9,435 | €6,461 | -€2,974 | -31.5% |
| Profit (loss) for the period | 9904 | €28,495 | €5,449 | -€23,046 | -80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,495 | €5,449 | -€23,046 | -80.9% |
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 20 October 2026 via checked.be.