The value of transparency
Fani Cuevas | Director of Administration and Finance
Fani Cuevas | Director of Administration and Finance

In 2024 Fundación ECOTIC continued to strengthen its financial control and planning mechanisms, enabling more efficient resource allocation and ensuring management that is fully aligned with our mission.
The financial year closed with a very positive result of €8,426, successfully meeting the budgetary aim of maintaining fully balanced accounts with zero profit, as is typically expected of a non-profit organisation committed to transparency and responsible financial management.
Costs linked to WEEE management –including transport, collection and treatment, as well as payments to installers, distributors and local authorities – once again represented the organisation’s main expense, accounting for 88.5% of total outgoings compared with 85% the previous year, underscoring our focus on core activities.
Communication expenses fell to 4%, down from 6.7% in 2023, while structural costs decreased to 6.6% from 7.3%. This reduction is mainly due to the fact that in 2024 the IT system-related assets (and their associated costs) are now accounted for under ECOTIC Entidad Administradora S.L., having been formally transferred as a non-cash contribution in June 2023. In addition, the structure for managing waste in the air-conditioning category was moved in 2024 to Fundación ECOTIC Clima, enhancing efficiency and clarity in management.

ECOTIC Entidad Administradora S.L., established in 2021 on the initiative of Fundación ECOTIC, continues to consolidate its role within the new organisational structure as a vehicle for improving operational efficiency and creating synergies that benefit member producers.
Its work focuses on providing specialised services to organisations managing extended producer responsibility systems, as well as planning, organising and financing waste management operations.
In 2024 ECOTIC Entidad Administradora S.L. recorded a positive result of €18,046, fully meeting the year’s forecasts.
31 december 2024 (euros)
| NON-CURRENT ASSET | 658,755 |
| Intangible assets | 514,876 |
| Tangible fixed assets | 101,261 |
| Long-term financial investments | 42,618 |
| CURRENT ASSETS | 1,009,960 |
| Trade receivables and other accounts receivable | 492,199 |
| Short-term financial investments | 93,241 |
| Cash and cash equivalents | 424,520 |
| TOTAL ASSETS | 1,668,715 |
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| EQUITY | 484,173 |
| Founders’ endowment | 30,000 |
| Retained earnings from previous years | 445,747 |
| Profit for the year | 8,426 |
| LIABILITIES | 17,180,570 |
| Short-term debt | 268 |
| Trade payables and other accounts payable | 17,180,302 |
| TOTAL EQUITY AND LIABILITIES | 17,664,743 |
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31 december 2024 (euros)
| ENTITY INCOME FROM SERVICE PROVISION | 2,887,880 |
| Supplies | -445,249 |
| Other operating income | 1,815 |
| Personnel expenses | -1,377,917 |
| Other operating expenses | -768,456 |
| Depreciation of fixed assets | -271,712 |
| Impairment and gain/loss on disposal of fixed assets | -936 |
| OPERATING PROFIT | 25,425 |
| Financial and other expenses | -365 |
| FINANCIAL RESULT | -365 |
| PROFIT BEFORE TAX | 25,060 |
| Income tax | -7,014 |
| SURPLUS FOR THE YEAR | 18,046 |
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