ECOSY: 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.
ECOSY
Largest movements
- Tangible fixed assets +€29,889
up €29,889 (+2.5%), from €1.2m to €1.2m
of which Assets under construction and advance payments: +€40,000
- Cash +€23,507
up €23,507 (+326%), from €7,203 to €30,710
mainly Net result for the year (+€74,800) and Debts after one year (+€59,341)
- Receivables within one year -€22,163
down €22,163 (-36.0%), from €61,503 to €39,340
of which Trade receivables: -€22,227
- Other debts -€152,541
down €152,541 (-68.6%), from €222,478 to €69,937
- Reserves +€74,800
up €74,800 (+22.1%), from €338,746 to €413,546
- Debts after one year +€59,341
up €59,341 (+9.3%), from €637,540 to €696,881
- Trade debts +€25,531
up €25,531 (+3,065%), from €833 to €26,364
- Tax, wage and social debts +€14,731
up €14,731 (+168%), from €8,793 to €23,524
- Write-downs +€40,640
new in 2025: €40,640
- Taxes -€18,906
down €18,906 (-34.6%), from €54,647 to €35,742
- Gross operating margin -€16,302
down €16,302 (-7.2%), from €225,534 to €209,232
- Other operating charges +€5,374
up €5,374 (+554%), from €970 to €6,344
- Depreciation -€4,242
down €4,242 (-11.1%), from €38,261 to €34,019
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 | €1,262,785 | €1,297,117 | +€34,332 | +2.7% |
| Fixed assets | 21/28 | €1,175,296 | €1,205,185 | +€29,889 | +2.5% |
| Tangible fixed assets | 22/27 | €1,175,296 | €1,205,185 | +€29,889 | +2.5% |
| Land and buildings | 22 | €1,132,003 | €1,116,552 | -€15,452 | -1.4% |
| Plant, machinery and equipment | 23 | - | €15,752 | +€15,752 | |
| Furniture and vehicles | 24 | €43,293 | €32,882 | -€10,411 | -24.0% |
| Assets under construction and advance payments | 27 | - | €40,000 | +€40,000 | |
| Current assets | 29/58 | €87,489 | €91,932 | +€4,443 | +5.1% |
| Amounts receivable within one year | 40/41 | €61,503 | €39,340 | -€22,163 | -36.0% |
| Trade receivables | 40 | €61,503 | €39,276 | -€22,227 | -36.1% |
| Other amounts receivable | 41 | - | €64 | +€64 | |
| Cash at bank and in hand | 54/58 | €7,203 | €30,710 | +€23,507 | +326% |
| Deferred charges and accrued income | 490/1 | €18,783 | €21,882 | +€3,099 | +16.5% |
| Total equity and liabilities | 10/49 | €1,262,785 | €1,297,117 | +€34,332 | +2.7% |
| Equity | 10/15 | €351,146 | €425,946 | +€74,800 | +21.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €338,746 | €413,546 | +€74,800 | +22.1% |
| Distributable reserves | 133 | €338,746 | €413,546 | +€74,800 | +22.1% |
| Amounts payable | 17/49 | €911,639 | €871,172 | -€40,467 | -4.4% |
| Amounts payable after more than one year | 17 | €637,540 | €696,881 | +€59,341 | +9.3% |
| Financial debts | 170/4 | €637,540 | €696,881 | +€59,341 | +9.3% |
| Amounts payable within one year | 42/48 | €273,672 | €173,018 | -€100,654 | -36.8% |
| Current portion of amounts payable after more than one year | 42 | €41,567 | €53,192 | +€11,625 | +28.0% |
| Trade debts | 44 | €833 | €26,364 | +€25,531 | +3,065% |
| Suppliers | 440/4 | €833 | €26,364 | +€25,531 | +3,065% |
| Taxes, remuneration and social security | 45 | €8,793 | €23,524 | +€14,731 | +168% |
| Taxes | 450/3 | €8,793 | €23,524 | +€14,731 | +168% |
| Other amounts payable | 47/48 | €222,478 | €69,937 | -€152,541 | -68.6% |
| Accrued charges and deferred income | 492/3 | €427 | €1,272 | +€846 | +198% |
| Non-recurring operating income | 76A | - | €8,148 | +€8,148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,261 | €34,019 | -€4,242 | -11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €40,640 | +€40,640 | |
| Other operating charges | 640/8 | €970 | €6,344 | +€5,374 | +554% |
| Non-recurring operating charges | 66A | €10,121 | - | -€10,121 | |
| Gross operating margin | 9900 | €225,534 | €209,232 | -€16,302 | -7.2% |
| Operating profit (loss) | 9901 | €176,182 | €128,229 | -€47,953 | -27.2% |
| Financial income | 75/76B | €353 | €6 | -€347 | -98.2% |
| Recurring financial income | 75 | €98 | €6 | -€91 | -93.6% |
| Non-recurring financial income | 76B | €255 | - | -€255 | |
| Financial charges | 65/66B | €14,969 | €17,694 | +€2,725 | +18.2% |
| Recurring financial charges | 65 | €14,969 | €17,694 | +€2,725 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €161,566 | €110,542 | -€51,025 | -31.6% |
| Income taxes | 67/77 | €54,647 | €35,742 | -€18,906 | -34.6% |
| Profit (loss) for the period | 9904 | €106,919 | €74,800 | -€32,119 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €106,919 | €74,800 | -€32,119 | -30.0% |
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 22 October 2026 via checked.be.