EcoT: what changed
EcoT
Largest movements
- Tangible fixed assets +€16,013
up €16,013 (+88.5%), from €18,096 to €34,109
of which Leasing and similar rights: +€20,436
- Cash -€5,753
down €5,753 (-90.1%), from €6,385 to €632
mainly Investment in fixed assets (net) (-€30,939) and Net result for the year (-€7,844)
- Stocks and contracts -€1,082
down €1,082 (-10.0%), from €10,817 to €9,736
- Debts after one year +€18,037
up €18,037 (+315%), from €5,728 to €23,764
- Profit (loss) carried forward -€7,844
down €7,844 (-74.4%), from €10,548 to €2,704
- Tax, wage and social debts -€2,241
down €2,241 (-47.6%), from €4,710 to €2,469
- Short-term financial debts +€1,654
new in 2025: €1,654
- Current portion of long-term debt +€705
up €705 (+16.2%), from €4,367 to €5,073
- Gross operating margin -€14,141
down €14,141 (-54.8%), from €25,793 to €11,652
- Depreciation +€5,574
up €5,574 (+62.3%), from €8,947 to €14,521
- Taxes -€3,053
down €3,053 (-92.1%), from €3,314 to €261
- Write-downs +€1,082
new in 2025: €1,082
- Financial charges +€528
up €528 (+32.5%), from €1,625 to €2,153
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,352 | €58,978 | +€9,626 | +19.5% |
| Fixed assets | 21/28 | €18,096 | €34,514 | +€16,418 | +90.7% |
| Tangible fixed assets | 22/27 | €18,096 | €34,109 | +€16,013 | +88.5% |
| Land and buildings | 22 | €2,748 | - | -€2,748 | |
| Plant, machinery and equipment | 23 | €2,458 | €4,053 | +€1,594 | +64.8% |
| Furniture and vehicles | 24 | €3,285 | €16 | -€3,269 | -99.5% |
| Leasing and similar rights | 25 | €9,605 | €30,041 | +€20,436 | +213% |
| Financial fixed assets | 28 | - | €405 | +€405 | |
| Current assets | 29/58 | €31,256 | €24,464 | -€6,791 | -21.7% |
| Stocks and contracts in progress | 3 | €10,817 | €9,736 | -€1,082 | -10.0% |
| Stocks | 30/36 | €10,817 | €9,736 | -€1,082 | -10.0% |
| Amounts receivable within one year | 40/41 | €13,333 | €13,872 | +€539 | +4.0% |
| Trade receivables | 40 | €5,502 | €4,508 | -€994 | -18.1% |
| Other amounts receivable | 41 | €7,831 | €9,364 | +€1,532 | +19.6% |
| Cash at bank and in hand | 54/58 | €6,385 | €632 | -€5,753 | -90.1% |
| Deferred charges and accrued income | 490/1 | €720 | €224 | -€496 | -68.8% |
| Total equity and liabilities | 10/49 | €49,352 | €58,978 | +€9,626 | +19.5% |
| Equity | 10/15 | €31,008 | €23,164 | -€7,844 | -25.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,548 | €2,704 | -€7,844 | -74.4% |
| Amounts payable | 17/49 | €18,344 | €35,814 | +€17,470 | +95.2% |
| Amounts payable after more than one year | 17 | €5,728 | €23,764 | +€18,037 | +315% |
| Financial debts | 170/4 | €5,728 | €23,764 | +€18,037 | +315% |
| Amounts payable within one year | 42/48 | €12,616 | €12,050 | -€567 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €4,367 | €5,073 | +€705 | +16.2% |
| Financial debts | 43 | - | €1,654 | +€1,654 | |
| Credit institutions | 430/8 | - | €1,654 | +€1,654 | |
| Trade debts | 44 | €3,539 | €2,854 | -€686 | -19.4% |
| Suppliers | 440/4 | €3,539 | €2,854 | -€686 | -19.4% |
| Taxes, remuneration and social security | 45 | €4,710 | €2,469 | -€2,241 | -47.6% |
| Taxes | 450/3 | €4,710 | €2,469 | -€2,241 | -47.6% |
| Non-recurring operating income | 76A | - | €2,709 | +€2,709 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,947 | €14,521 | +€5,574 | +62.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,082 | +€1,082 | |
| Other operating charges | 640/8 | €1,424 | €1,089 | -€335 | -23.6% |
| Non-recurring operating charges | 66A | - | €416 | +€416 | |
| Gross operating margin | 9900 | €25,793 | €11,652 | -€14,141 | -54.8% |
| Operating profit (loss) | 9901 | €15,422 | -€5,455 | -€20,878 | |
| Financial income | 75/76B | €12 | €26 | +€14 | +111% |
| Recurring financial income | 75 | €12 | €26 | +€14 | +111% |
| Financial charges | 65/66B | €1,625 | €2,153 | +€528 | +32.5% |
| Recurring financial charges | 65 | €1,625 | €2,153 | +€528 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | €13,809 | -€7,582 | -€21,392 | |
| Income taxes | 67/77 | €3,314 | €261 | -€3,053 | -92.1% |
| Profit (loss) for the period | 9904 | €10,495 | -€7,844 | -€18,339 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,495 | -€7,844 | -€18,339 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.