81Echoes: 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.
81Echoes
Largest movements
- Current investments +€74,658
up €74,658 (+32.4%), from €230,122 to €304,780
- Cash -€26,284
down €26,284 (-51.7%), from €50,830 to €24,546
mainly Current investments (-€74,658) and Investment in fixed assets (net) (-€24,374)
- Tangible fixed assets +€18,320
up €18,320 (+337.6%), from €5,427 to €23,747
of which Furniture and vehicles: +€19,456
- Reserves +€84,640
up €84,640 (+38.7%), from €218,780 to €303,420
- Tax, wage and social debts -€12,213
down €12,213 (-18.0%), from €67,879 to €55,665
- Other debts -€8,926
down €8,926 (-97.8%), from €9,129 to €203
- Gross operating margin -€15,890
down €15,890 (-12.3%), from €129,056 to €113,166
- Financial income +€4,756
up €4,756 (+3449.2%), from €138 to €4,894
- Depreciation +€3,829
up €3,829 (+172.1%), from €2,225 to €6,054
- Taxes -€3,117
down €3,117 (-11.2%), from €27,879 to €24,762
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.
Cash bridge derived
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 | €298,453 | €364,124 | +€65,671 | +22.0% |
| Fixed assets | 21/28 | €5,427 | €23,747 | +€18,320 | +337.6% |
| Tangible fixed assets | 22/27 | €5,427 | €23,747 | +€18,320 | +337.6% |
| Plant, machinery and equipment | 23 | €3,141 | €2,005 | -€1,136 | -36.2% |
| Furniture and vehicles | 24 | €2,286 | €21,742 | +€19,456 | +851.1% |
| Current assets | 29/58 | €293,026 | €340,377 | +€47,351 | +16.2% |
| Amounts receivable within one year | 40/41 | €11,971 | €10,193 | -€1,778 | -14.9% |
| Trade receivables | 40 | €11,969 | €9,663 | -€2,306 | -19.3% |
| Other amounts receivable | 41 | €2 | €530 | +€528 | +30531.2% |
| Current investments | 50/53 | €230,122 | €304,780 | +€74,658 | +32.4% |
| Cash at bank and in hand | 54/58 | €50,830 | €24,546 | -€26,284 | -51.7% |
| Deferred charges and accrued income | 490/1 | €103 | €858 | +€755 | +731.6% |
| Total equity and liabilities | 10/49 | €298,453 | €364,124 | +€65,671 | +22.0% |
| Equity | 10/15 | €219,780 | €304,420 | +€84,640 | +38.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €218,780 | €303,420 | +€84,640 | +38.7% |
| Distributable reserves | 133 | €218,780 | €303,420 | +€84,640 | +38.7% |
| Amounts payable | 17/49 | €78,673 | €59,704 | -€18,969 | -24.1% |
| Amounts payable within one year | 42/48 | €78,673 | €59,704 | -€18,969 | -24.1% |
| Financial debts | 43 | €700 | €2,902 | +€2,201 | +314.3% |
| Credit institutions | 430/8 | €700 | €2,902 | +€2,201 | +314.3% |
| Trade debts | 44 | €965 | €934 | -€31 | -3.2% |
| Suppliers | 440/4 | €965 | €934 | -€31 | -3.2% |
| Taxes, remuneration and social security | 45 | €67,879 | €55,665 | -€12,213 | -18.0% |
| Taxes | 450/3 | €67,879 | €55,665 | -€12,213 | -18.0% |
| Other amounts payable | 47/48 | €9,129 | €203 | -€8,926 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,225 | €6,054 | +€3,829 | +172.1% |
| Other operating charges | 640/8 | €853 | €1,078 | +€225 | +26.4% |
| Gross operating margin | 9900 | €129,056 | €113,166 | -€15,890 | -12.3% |
| Operating profit (loss) | 9901 | €125,979 | €106,035 | -€19,944 | -15.8% |
| Financial income | 75/76B | €138 | €4,894 | +€4,756 | +3449.2% |
| Recurring financial income | 75 | €138 | €4,894 | +€4,756 | +3449.2% |
| Financial charges | 65/66B | €1,436 | €1,525 | +€89 | +6.2% |
| Recurring financial charges | 65 | €1,436 | €879 | -€558 | -38.8% |
| Non-recurring financial charges | 66B | - | €647 | +€647 | |
| Profit (loss) for the period before taxes | 9903 | €124,680 | €109,403 | -€15,277 | -12.3% |
| Income taxes | 67/77 | €27,879 | €24,762 | -€3,117 | -11.2% |
| Profit (loss) for the period | 9904 | €96,801 | €84,640 | -€12,160 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €96,801 | €84,640 | -€12,160 | -12.6% |
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 10 October 2026 via checked.be.