SERVICES ECOWOOD: 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.
SERVICES ECOWOOD
Largest movements
- Receivables within one year -€106,541
down €106,541 (-77.9%), from €136,740 to €30,198
of which Trade receivables: -€121,231
- Stocks and contracts -€71,823
down €71,823 (-35.1%), from €204,698 to €132,875
- Tangible fixed assets -€49,254
down €49,254 (-21.3%), from €230,728 to €181,474
- Cash -€20,375
down €20,375 (-96.2%), from €21,173 to €798
mainly Net result for the year (-€279,330) and Debts after one year (-€79,959)
- Profit (loss) carried forward -€279,330
down €279,330, from €3,979 to -€275,351
- Debts after one year -€79,959
down €79,959 (-21.5%), from €372,132 to €292,172
- Trade debts +€57,841
new in 2025: €57,841
- Current portion of long-term debt +€47,116
up €47,116 (+64.7%), from €72,839 to €119,954
- Tax, wage and social debts +€6,892
up €6,892 (+209.5%), from €3,290 to €10,182
- Gross operating margin -€268,656
down €268,656, from €49,674 to -€218,983
- Depreciation +€8,603
up €8,603 (+31.2%), from €27,580 to €36,183
- Other operating charges +€8,069
up €8,069 (+1447.5%), from €557 to €8,627
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 | €595,240 | €347,798 | -€247,441 | -41.6% |
| Fixed assets | 21/28 | €230,728 | €181,474 | -€49,254 | -21.3% |
| Tangible fixed assets | 22/27 | €230,728 | €181,474 | -€49,254 | -21.3% |
| Plant, machinery and equipment | 23 | €15,696 | €1,944 | -€13,752 | -87.6% |
| Furniture and vehicles | 24 | €102,103 | €78,909 | -€23,194 | -22.7% |
| Leasing and similar rights | 25 | €112,929 | €100,621 | -€12,308 | -10.9% |
| Current assets | 29/58 | €364,511 | €166,324 | -€198,187 | -54.4% |
| Stocks and contracts in progress | 3 | €204,698 | €132,875 | -€71,823 | -35.1% |
| Stocks | 30/36 | €204,698 | €132,875 | -€71,823 | -35.1% |
| Amounts receivable within one year | 40/41 | €136,740 | €30,198 | -€106,541 | -77.9% |
| Trade receivables | 40 | €129,510 | €8,280 | -€121,231 | -93.6% |
| Other amounts receivable | 41 | €7,229 | €21,919 | +€14,689 | +203.2% |
| Cash at bank and in hand | 54/58 | €21,173 | €798 | -€20,375 | -96.2% |
| Deferred charges and accrued income | 490/1 | €1,901 | €2,452 | +€552 | +29.0% |
| Total equity and liabilities | 10/49 | €595,240 | €347,798 | -€247,441 | -41.6% |
| Equity | 10/15 | €21,979 | -€257,351 | -€279,330 | |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,979 | -€275,351 | -€279,330 | |
| Amounts payable | 17/49 | €573,260 | €605,149 | +€31,889 | +5.6% |
| Amounts payable after more than one year | 17 | €372,132 | €292,172 | -€79,959 | -21.5% |
| Financial debts | 170/4 | €372,132 | €292,172 | -€79,959 | -21.5% |
| Amounts payable within one year | 42/48 | €201,129 | €312,977 | +€111,848 | +55.6% |
| Current portion of amounts payable after more than one year | 42 | €72,839 | €119,954 | +€47,116 | +64.7% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | - | €57,841 | +€57,841 | |
| Suppliers | 440/4 | - | €57,841 | +€57,841 | |
| Taxes, remuneration and social security | 45 | €3,290 | €10,182 | +€6,892 | +209.5% |
| Taxes | 450/3 | €3,290 | €10,182 | +€6,892 | +209.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,580 | €36,183 | +€8,603 | +31.2% |
| Other operating charges | 640/8 | €557 | €8,627 | +€8,069 | +1447.5% |
| Gross operating margin | 9900 | €49,674 | -€218,983 | -€268,656 | |
| Operating profit (loss) | 9901 | €21,536 | -€263,793 | -€285,329 | |
| Financial income | 75/76B | €131 | €43 | -€89 | -67.6% |
| Recurring financial income | 75 | €131 | €43 | -€89 | -67.6% |
| Financial charges | 65/66B | €17,688 | €15,581 | -€2,108 | -11.9% |
| Recurring financial charges | 65 | €17,688 | €15,581 | -€2,108 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €3,979 | -€279,330 | -€283,310 | |
| Profit (loss) for the period | 9904 | €3,979 | -€279,330 | -€283,310 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,979 | -€279,330 | -€283,310 |
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 9 October 2026 via checked.be.