Ecogro: 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.
What changed
Ecogro
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€88,216
2024 · -€163,984+€75,768
Equity
-€389,665
2024 · -€301,449-€88,216
Cash
€32,570
2024 · €10,023+€22,546
Balance sheet total
€1.7m
2024 · €1.7m-€48,039
Largest movements
Assets
- Tangible fixed assets -€57,570
down €57,570 (-4.0%), from €1.4m to €1.4m
of which Land and buildings: -€57,191
- Cash +€22,546
up €22,546 (+225%), from €10,023 to €32,570
mainly Other debts (+€114,724) and Depreciation (+€58,898)
Equity and liabilities
- Other debts +€114,724
up €114,724 (+8.7%), from €1.3m to €1.4m
- Profit (loss) carried forward -€87,163
down €87,163 (-19.2%), from -€455,087 to -€542,250
- Debts after one year -€85,073
down €85,073 (-14.9%), from €571,639 to €486,566
Income statement
- Other operating charges -€34,205
down €34,205 (-76.4%), from €44,780 to €10,575
- Write-downs -€33,804
new in 2025: -€33,804
- Gross operating margin +€3,586
up €3,586 (+10.6%), from -€33,839 to -€30,253
- Financial charges -€3,046
down €3,046 (-11.8%), from €25,882 to €22,836
- Depreciation -€1,673
down €1,673 (-2.8%), from €60,570 to €58,898
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.
Result 2024
-€163,984
Gross operating margin
+€3,586
Depreciation
+€1,673
Write-downs
+€33,804
Other operating charges
+€34,205
Financial charges
+€3,046
Taxes
-€546
Result 2025
-€88,216
raises the resultlowers the result
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.
From operations
+€103,891
Investment
+€1,750
Financing
-€83,094
Cash 2024
€10,023
From operations (derived)
+€103,891
Net result for the year
-€88,216
Depreciation
+€58,898
Stocks and contracts
-€2,255
Receivables within one year
+€12,265
Deferred charges and accrued income
-€73
Provisions
-€542
Trade debts
+€9,089
Other debts
+€114,724
Investment (derived)
+€1,750
Investment in fixed assets (net)
+€1,750
Financing
-€83,094
Debts after one year
-€85,073
Current portion of long-term debt
+€1,979
Cash 2025
€32,570
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,729,464 | €1,681,424 | -€48,039 | -2.8% |
| Fixed assets | 21/28 | €1,435,003 | €1,374,355 | -€60,648 | -4.2% |
| Intangible fixed assets | 21 | €1,327 | - | -€1,327 | |
| Tangible fixed assets | 22/27 | €1,431,925 | €1,374,355 | -€57,570 | -4.0% |
| Land and buildings | 22 | €1,430,788 | €1,373,596 | -€57,191 | -4.0% |
| Furniture and vehicles | 24 | €1,138 | €758 | -€379 | -33.3% |
| Financial fixed assets | 28 | €1,750 | - | -€1,750 | |
| Current assets | 29/58 | €294,461 | €307,070 | +€12,609 | +4.3% |
| Stocks and contracts in progress | 3 | €200,000 | €202,255 | +€2,255 | +1.1% |
| Stocks | 30/36 | €200,000 | €202,255 | +€2,255 | +1.1% |
| Amounts receivable within one year | 40/41 | €83,030 | €70,765 | -€12,265 | -14.8% |
| Trade receivables | 40 | €19,519 | €6,170 | -€13,349 | -68.4% |
| Other amounts receivable | 41 | €63,511 | €64,595 | +€1,084 | +1.7% |
| Cash at bank and in hand | 54/58 | €10,023 | €32,570 | +€22,546 | +225% |
| Deferred charges and accrued income | 490/1 | €1,408 | €1,481 | +€73 | +5.2% |
| Total equity and liabilities | 10/49 | €1,729,464 | €1,681,424 | -€48,039 | -2.8% |
| Equity | 10/15 | -€301,449 | -€389,665 | -€88,216 | -29.3% |
| Contributions | 10/11 | €137,700 | €137,700 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €76,200 | €76,200 | = | 0.0% |
| Share premium | 1100/10 | €76,200 | €76,200 | = | 0.0% |
| Reserves | 13 | €15,938 | €14,885 | -€1,052 | -6.6% |
| Non-distributable reserves | 130/1 | €308 | €308 | = | 0.0% |
| Reserves not available under the articles | 1311 | €308 | €308 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,266 | €9,213 | -€1,052 | -10.3% |
| Distributable reserves | 133 | €5,364 | €5,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€455,087 | -€542,250 | -€87,163 | -19.2% |
| Provisions and deferred taxes | 16 | €5,286 | €4,744 | -€542 | -10.3% |
| Deferred taxes | 168 | €5,286 | €4,744 | -€542 | -10.3% |
| Amounts payable | 17/49 | €2,025,627 | €2,066,345 | +€40,718 | +2.0% |
| Amounts payable after more than one year | 17 | €571,639 | €486,566 | -€85,073 | -14.9% |
| Financial debts | 170/4 | €571,639 | €486,566 | -€85,073 | -14.9% |
| Amounts payable within one year | 42/48 | €1,453,988 | €1,579,779 | +€125,792 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €83,094 | €85,073 | +€1,979 | +2.4% |
| Trade debts | 44 | €45,670 | €54,759 | +€9,089 | +19.9% |
| Suppliers | 440/4 | €45,670 | €54,759 | +€9,089 | +19.9% |
| Taxes, remuneration and social security | 45 | €2,074 | €2,074 | = | 0.0% |
| Taxes | 450/3 | €2,074 | €2,074 | = | 0.0% |
| Other amounts payable | 47/48 | €1,323,150 | €1,437,874 | +€114,724 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,570 | €58,898 | -€1,673 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€33,804 | -€33,804 | |
| Other operating charges | 640/8 | €44,780 | €10,575 | -€34,205 | -76.4% |
| Gross operating margin | 9900 | -€33,839 | -€30,253 | +€3,586 | +10.6% |
| Operating profit (loss) | 9901 | -€139,189 | -€65,922 | +€73,268 | +52.6% |
| Financial charges | 65/66B | €25,882 | €22,836 | -€3,046 | -11.8% |
| Recurring financial charges | 65 | €25,882 | €22,836 | -€3,046 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€165,072 | -€88,758 | +€76,314 | +46.2% |
| Transfer from deferred taxes | 780 | €542 | €542 | = | 0.0% |
| Income taxes | 67/77 | -€546 | - | +€546 | |
| Profit (loss) for the period | 9904 | -€163,984 | -€88,216 | +€75,768 | +46.2% |
| Transfer from tax-exempt reserves | 789 | €1,052 | €1,052 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€162,932 | -€87,163 | +€75,768 | +46.5% |
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 30 October 2026 via checked.be.