ECOBO: what changed
What changed
ECOBO
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€419,173
2024 · -€697,786+€278,614
Equity
-€275,429
2024 · €143,744-€419,173
Cash
€6,002
2024 · €14,863-€8,861
Balance sheet total
€1.9m
2024 · €2.1m-€234,512
Largest movements
Assets
- Receivables after one year -€231,000
down €231,000 (-62.4%), from €370,000 to €139,000
of which Trade receivables: -€370,000
- Receivables within one year +€111,846
up €111,846 (+63.8%), from €175,432 to €287,279
of which Trade receivables: +€110,106
- Stocks and contracts -€97,999
down €97,999 (-7.8%), from €1.2m to €1.2m
Equity and liabilities
- Profit (loss) carried forward -€419,173
new in 2025: -€419,173
- Tax, wage and social debts +€97,598
up €97,598 (+78.6%), from €124,168 to €221,766
of which Taxes: +€73,288
- Other debts +€91,120
up €91,120 (+71.7%), from €127,040 to €218,160
Income statement
- Gross operating margin +€278,652
up €278,652, from -€30,614 to €248,038
- Financial charges +€56,626
up €56,626 (+94.1%), from €60,177 to €116,803
- Staff costs -€52,073
down €52,073 (-8.8%), from €589,138 to €537,065
- Financial income -€6,637
down €6,637 (-23.4%), from €28,356 to €21,720
- Depreciation -€5,069
down €5,069 (-42.8%), from €11,839 to €6,770
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.
Result 2024
-€697,786
Gross operating margin
+€278,652
Staff costs
+€52,073
Depreciation
+€5,069
Other operating charges
+€2,052
Financial income
-€6,637
Financial charges
-€56,626
Taxes
+€4,031
Result 2025
-€419,173
raises the resultlowers the result
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.
From operations
-€10,154
Investment
+€1,293
Financing
€0
Cash 2024
€14,863
From operations (derived)
-€10,154
Net result for the year
-€419,173
Depreciation
+€6,770
Receivables after one year
+€231,000
Stocks and contracts
+€97,999
Receivables within one year
-€111,846
Deferred charges and accrued income
+€435
Trade debts
-€4,058
Tax, wage and social debts
+€97,598
Other debts
+€91,120
Investment (derived)
+€1,293
Investment in fixed assets (net)
+€1,293
Cash 2025
€6,002
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,092,028 | €1,857,515 | -€234,512 | -11.2% |
| Fixed assets | 21/28 | €268,343 | €260,280 | -€8,063 | -3.0% |
| Tangible fixed assets | 22/27 | €138,655 | €132,592 | -€6,063 | -4.4% |
| Land and buildings | 22 | €126,467 | €125,590 | -€877 | -0.7% |
| Plant, machinery and equipment | 23 | €3,939 | €2,299 | -€1,640 | -41.6% |
| Furniture and vehicles | 24 | €8,249 | €4,703 | -€3,546 | -43.0% |
| Financial fixed assets | 28 | €129,688 | €127,688 | -€2,000 | -1.5% |
| Current assets | 29/58 | €1,823,685 | €1,597,236 | -€226,449 | -12.4% |
| Amounts receivable after more than one year | 29 | €370,000 | €139,000 | -€231,000 | -62.4% |
| Trade receivables | 290 | €370,000 | €0 | -€370,000 | -100% |
| Other amounts receivable | 291 | - | €139,000 | +€139,000 | |
| Stocks and contracts in progress | 3 | €1,249,009 | €1,151,010 | -€97,999 | -7.8% |
| Stocks | 30/36 | €1,249,009 | €1,151,010 | -€97,999 | -7.8% |
| Amounts receivable within one year | 40/41 | €175,432 | €287,279 | +€111,846 | +63.8% |
| Trade receivables | 40 | €1,026 | €111,131 | +€110,106 | +10,734% |
| Other amounts receivable | 41 | €174,407 | €176,147 | +€1,741 | +1.0% |
| Cash at bank and in hand | 54/58 | €14,863 | €6,002 | -€8,861 | -59.6% |
| Deferred charges and accrued income | 490/1 | €14,381 | €13,945 | -€435 | -3.0% |
| Total equity and liabilities | 10/49 | €2,092,028 | €1,857,515 | -€234,512 | -11.2% |
| Equity | 10/15 | €143,744 | -€275,429 | -€419,173 | |
| Contributions | 10/11 | €92,000 | €92,000 | = | 0.0% |
| Reserves | 13 | €51,744 | €51,744 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,200 | €9,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,200 | €9,200 | = | 0.0% |
| Distributable reserves | 133 | €42,544 | €42,544 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€419,173 | -€419,173 | |
| Amounts payable | 17/49 | €1,948,284 | €2,132,944 | +€184,660 | +9.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,948,284 | €2,132,944 | +€184,660 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €957,900 | €957,900 | = | 0.0% |
| Trade debts | 44 | €739,176 | €735,118 | -€4,058 | -0.5% |
| Suppliers | 440/4 | €739,176 | €735,118 | -€4,058 | -0.5% |
| Taxes, remuneration and social security | 45 | €124,168 | €221,766 | +€97,598 | +78.6% |
| Taxes | 450/3 | €77,703 | €150,991 | +€73,288 | +94.3% |
| Remuneration and social security | 454/9 | €46,465 | €70,775 | +€24,310 | +52.3% |
| Other amounts payable | 47/48 | €127,040 | €218,160 | +€91,120 | +71.7% |
| Remuneration, social security and pensions | 62 | €589,138 | €537,065 | -€52,073 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,839 | €6,770 | -€5,069 | -42.8% |
| Other operating charges | 640/8 | €32,877 | €30,825 | -€2,052 | -6.2% |
| Gross operating margin | 9900 | -€30,614 | €248,038 | +€278,652 | |
| Operating profit (loss) | 9901 | -€664,467 | -€326,622 | +€337,845 | +50.8% |
| Financial income | 75/76B | €28,356 | €21,720 | -€6,637 | -23.4% |
| Recurring financial income | 75 | €28,356 | €21,720 | -€6,637 | -23.4% |
| Financial charges | 65/66B | €60,177 | €116,803 | +€56,626 | +94.1% |
| Recurring financial charges | 65 | €60,177 | €116,803 | +€56,626 | +94.1% |
| Profit (loss) for the period before taxes | 9903 | -€696,288 | -€421,705 | +€274,582 | +39.4% |
| Income taxes | 67/77 | €1,498 | -€2,533 | -€4,031 | |
| Profit (loss) for the period | 9904 | -€697,786 | -€419,173 | +€278,614 | +39.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€697,786 | -€419,173 | +€278,614 | +39.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.