ECOFEU: 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.
ECOFEU
Largest movements
- Receivables within one year +€2,594
up €2,594 (+1,095%), from €237 to €2,831
of which Other amounts receivable: +€2,594
- Tangible fixed assets -€2,509
down €2,509 (-58.5%), from €4,287 to €1,779
- Cash -€654
down €654 (-98.0%), from €668 to €13
mainly Net result for the year (-€4,067) and Receivables within one year (-€2,594)
- Other debts +€7,407
up €7,407 (+39.0%), from €18,987 to €26,394
- Profit (loss) carried forward -€4,067
down €4,067 (-7.3%), from -€56,067 to -€60,134
- Trade debts -€2,339
down €2,339 (-16.0%), from €14,647 to €12,308
- Debts after one year -€1,367
no longer reported in 2025 (was €1,367)
- Short-term financial debts -€628
down €628 (-15.7%), from €3,991 to €3,363
of which Other loans: -€3,991
- Gross operating margin +€3,356
up €3,356 (+79.8%), from -€4,206 to -€851
- Depreciation -€404
down €404 (-13.9%), from €2,912 to €2,509
- Financial charges -€216
down €216 (-41.2%), from €525 to €308
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 | €5,192 | €4,623 | -€569 | -11.0% |
| Fixed assets | 21/28 | €4,287 | €1,779 | -€2,509 | -58.5% |
| Tangible fixed assets | 22/27 | €4,287 | €1,779 | -€2,509 | -58.5% |
| Plant, machinery and equipment | 23 | €4,287 | €1,779 | -€2,509 | -58.5% |
| Current assets | 29/58 | €904 | €2,845 | +€1,940 | +215% |
| Amounts receivable within one year | 40/41 | €237 | €2,831 | +€2,594 | +1,095% |
| Trade receivables | 40 | €47 | €47 | = | 0.0% |
| Other amounts receivable | 41 | €190 | €2,785 | +€2,594 | +1,363% |
| Cash at bank and in hand | 54/58 | €668 | €13 | -€654 | -98.0% |
| Total equity and liabilities | 10/49 | €5,192 | €4,623 | -€569 | -11.0% |
| Equity | 10/15 | -€36,517 | -€40,584 | -€4,067 | -11.1% |
| Contributions | 10/11 | €19,550 | €19,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,067 | -€60,134 | -€4,067 | -7.3% |
| Amounts payable | 17/49 | €41,709 | €45,208 | +€3,499 | +8.4% |
| Amounts payable after more than one year | 17 | €1,367 | - | -€1,367 | |
| Financial debts | 170/4 | €1,367 | - | -€1,367 | |
| Amounts payable within one year | 42/48 | €40,341 | €45,196 | +€4,854 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €2,716 | €3,130 | +€414 | +15.2% |
| Financial debts | 43 | €3,991 | €3,363 | -€628 | -15.7% |
| Credit institutions | 430/8 | - | €3,363 | +€3,363 | |
| Other loans | 439 | €3,991 | - | -€3,991 | |
| Trade debts | 44 | €14,647 | €12,308 | -€2,339 | -16.0% |
| Suppliers | 440/4 | €14,647 | €12,308 | -€2,339 | -16.0% |
| Other amounts payable | 47/48 | €18,987 | €26,394 | +€7,407 | +39.0% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,912 | €2,509 | -€404 | -13.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€4,206 | -€851 | +€3,356 | +79.8% |
| Operating profit (loss) | 9901 | -€7,506 | -€3,759 | +€3,747 | +49.9% |
| Financial charges | 65/66B | €525 | €308 | -€216 | -41.2% |
| Recurring financial charges | 65 | €525 | €308 | -€216 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,031 | -€4,067 | +€3,964 | +49.4% |
| Profit (loss) for the period | 9904 | -€8,031 | -€4,067 | +€3,964 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,031 | -€4,067 | +€3,964 | +49.4% |
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 28 October 2026 via checked.be.