AB-ECHAF: what changed
Two fiscal 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.
AB-ECHAF
Largest movements
- Tangible fixed assets -€136,591
down €136,591 (-16.1%), from €847,223 to €710,631
of which Plant, machinery and equipment: -€101,219
- Receivables within one year +€42,767
up €42,767 (+12.6%), from €338,099 to €380,866
of which Trade receivables: +€30,375
- Cash +€17,755
up €17,755 (+17.3%), from €102,504 to €120,259
mainly Depreciation (+€151,628) and Net result for the year (+€52,069)
- Deferred charges and accrued income -€16,990
down €16,990 (-45.2%), from €37,580 to €20,590
- Short-term financial debts -€57,690
no longer reported in 2025 (was €57,690)
- Profit (loss) carried forward +€52,069
up €52,069 (+20.9%), from €248,940 to €301,009
- Debts after one year -€51,246
down €51,246 (-12.4%), from €411,986 to €360,740
- Revaluation surpluses -€47,980
down €47,980 (-50.0%), from €95,960 to €47,980
- Staff costs +€183,689
up €183,689 (+24.4%), from €752,088 to €935,777
- Gross operating margin +€130,794
up €130,794 (+11.5%), from €1.1m to €1.3m
- Depreciation -€36,812
down €36,812 (-19.5%), from €188,441 to €151,628
- Other operating charges +€20,642
up €20,642 (+98.8%), from €20,892 to €41,533
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 | €1,325,405 | €1,232,346 | -€93,059 | -7.0% |
| Fixed assets | 21/28 | €847,223 | €710,631 | -€136,591 | -16.1% |
| Tangible fixed assets | 22/27 | €847,223 | €710,631 | -€136,591 | -16.1% |
| Land and buildings | 22 | €364,160 | €341,629 | -€22,531 | -6.2% |
| Plant, machinery and equipment | 23 | €193,993 | €92,775 | -€101,219 | -52.2% |
| Furniture and vehicles | 24 | €44,392 | €14,688 | -€29,704 | -66.9% |
| Leasing and similar rights | 25 | €242,652 | €260,189 | +€17,537 | +7.2% |
| Other tangible fixed assets | 26 | €2,025 | €1,350 | -€675 | -33.3% |
| Current assets | 29/58 | €478,183 | €521,715 | +€43,533 | +9.1% |
| Amounts receivable within one year | 40/41 | €338,099 | €380,866 | +€42,767 | +12.6% |
| Trade receivables | 40 | €327,781 | €358,155 | +€30,375 | +9.3% |
| Other amounts receivable | 41 | €10,319 | €22,711 | +€12,393 | +120.1% |
| Cash at bank and in hand | 54/58 | €102,504 | €120,259 | +€17,755 | +17.3% |
| Deferred charges and accrued income | 490/1 | €37,580 | €20,590 | -€16,990 | -45.2% |
| Total equity and liabilities | 10/49 | €1,325,405 | €1,232,346 | -€93,059 | -7.0% |
| Equity | 10/15 | €399,901 | €403,990 | +€4,089 | +1.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Revaluation surpluses | 12 | €95,960 | €47,980 | -€47,980 | -50.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €248,940 | €301,009 | +€52,069 | +20.9% |
| Amounts payable | 17/49 | €925,505 | €828,357 | -€97,148 | -10.5% |
| Amounts payable after more than one year | 17 | €411,986 | €360,740 | -€51,246 | -12.4% |
| Financial debts | 170/4 | €411,986 | €360,740 | -€51,246 | -12.4% |
| Amounts payable within one year | 42/48 | €513,519 | €467,616 | -€45,902 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €102,628 | €108,923 | +€6,294 | +6.1% |
| Financial debts | 43 | €57,690 | - | -€57,690 | |
| Credit institutions | 430/8 | €57,690 | - | -€57,690 | |
| Trade debts | 44 | €189,152 | €198,854 | +€9,702 | +5.1% |
| Suppliers | 440/4 | €189,152 | €198,854 | +€9,702 | +5.1% |
| Taxes, remuneration and social security | 45 | €164,048 | €159,840 | -€4,209 | -2.6% |
| Taxes | 450/3 | €63,970 | €49,885 | -€14,085 | -22.0% |
| Remuneration and social security | 454/9 | €100,078 | €109,954 | +€9,876 | +9.9% |
| Non-recurring operating income | 76A | €2,545 | €6,844 | +€4,299 | +168.9% |
| Remuneration, social security and pensions | 62 | €752,088 | €935,777 | +€183,689 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,441 | €151,628 | -€36,812 | -19.5% |
| Other operating charges | 640/8 | €20,892 | €41,533 | +€20,642 | +98.8% |
| Gross operating margin | 9900 | €1,141,829 | €1,272,623 | +€130,794 | +11.5% |
| Operating profit (loss) | 9901 | €180,408 | €143,685 | -€36,724 | -20.4% |
| Financial income | 75/76B | €129 | €590 | +€461 | +357.6% |
| Recurring financial income | 75 | €129 | €590 | +€461 | +357.6% |
| Financial charges | 65/66B | €60,942 | €64,841 | +€3,899 | +6.4% |
| Recurring financial charges | 65 | €60,942 | €64,841 | +€3,899 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €119,595 | €79,434 | -€40,161 | -33.6% |
| Income taxes | 67/77 | €37,252 | €27,365 | -€9,888 | -26.5% |
| Profit (loss) for the period | 9904 | €82,343 | €52,069 | -€30,274 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,343 | €52,069 | -€30,274 | -36.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.