CT ECHAF: 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.
CT ECHAF
Largest movements
- Receivables within one year -€98,030
down €98,030 (-37.6%), from €260,980 to €162,950
of which Other amounts receivable: -€109,683
- Other debts -€623,843
down €623,843 (-98.9%), from €630,527 to €6,684
- Debts after one year +€531,654
up €531,654 (+106.5%), from €499,204 to €1.0m
- Trade debts -€128,410
down €128,410 (-48.3%), from €265,761 to €137,351
- Current portion of long-term debt +€60,397
up €60,397 (+95.8%), from €63,052 to €123,449
- Profit (loss) carried forward +€41,416
up €41,416 (+22.0%), from €188,434 to €229,850
- Gross operating margin +€148,120
up €148,120 (+111.7%), from €132,606 to €280,726
- Staff costs +€64,214
up €64,214 (+186.0%), from €34,516 to €98,730
- Financial charges +€25,328
up €25,328 (+208.4%), from €12,156 to €37,484
- Taxes +€13,898
up €13,898 (+1838.3%), from €756 to €14,654
- Depreciation +€5,594
up €5,594 (+6.8%), from €82,595 to €88,189
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 | €1,706,152 | €1,610,454 | -€95,698 | -5.6% |
| Fixed assets | 21/28 | €1,433,096 | €1,439,742 | +€6,646 | +0.5% |
| Tangible fixed assets | 22/27 | €756,068 | €762,714 | +€6,646 | +0.9% |
| Land and buildings | 22 | €636,134 | €593,498 | -€42,636 | -6.7% |
| Plant, machinery and equipment | 23 | €119,934 | €169,215 | +€49,281 | +41.1% |
| Financial fixed assets | 28 | €677,029 | €677,029 | -€0 | 0.0% |
| Current assets | 29/58 | €273,056 | €170,712 | -€102,344 | -37.5% |
| Amounts receivable within one year | 40/41 | €260,980 | €162,950 | -€98,030 | -37.6% |
| Trade receivables | 40 | €147,205 | €158,858 | +€11,653 | +7.9% |
| Other amounts receivable | 41 | €113,775 | €4,092 | -€109,683 | -96.4% |
| Cash at bank and in hand | 54/58 | €11,906 | €1,762 | -€10,144 | -85.2% |
| Deferred charges and accrued income | 490/1 | €170 | €6,000 | +€5,830 | +3429.4% |
| Total equity and liabilities | 10/49 | €1,706,152 | €1,610,454 | -€95,698 | -5.6% |
| Equity | 10/15 | €238,257 | €275,803 | +€37,546 | +15.8% |
| Contributions | 10/11 | €20,200 | €20,200 | = | 0.0% |
| Reserves | 13 | €1,396 | €1,396 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,396 | €1,396 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,396 | €1,396 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €188,434 | €229,850 | +€41,416 | +22.0% |
| Investment grants | 15 | €28,228 | €24,358 | -€3,870 | -13.7% |
| Amounts payable | 17/49 | €1,467,894 | €1,334,651 | -€133,243 | -9.1% |
| Amounts payable after more than one year | 17 | €499,204 | €1,030,858 | +€531,654 | +106.5% |
| Financial debts | 170/4 | €499,204 | €1,030,858 | +€531,654 | +106.5% |
| Amounts payable within one year | 42/48 | €968,691 | €303,792 | -€664,899 | -68.6% |
| Current portion of amounts payable after more than one year | 42 | €63,052 | €123,449 | +€60,397 | +95.8% |
| Trade debts | 44 | €265,761 | €137,351 | -€128,410 | -48.3% |
| Suppliers | 440/4 | €265,761 | €137,351 | -€128,410 | -48.3% |
| Taxes, remuneration and social security | 45 | €9,351 | €36,308 | +€26,957 | +288.3% |
| Taxes | 450/3 | €1,164 | €24,390 | +€23,226 | +1995.4% |
| Remuneration and social security | 454/9 | €8,187 | €11,917 | +€3,730 | +45.6% |
| Other amounts payable | 47/48 | €630,527 | €6,684 | -€623,843 | -98.9% |
| Remuneration, social security and pensions | 62 | €34,516 | €98,730 | +€64,214 | +186.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,595 | €88,189 | +€5,594 | +6.8% |
| Other operating charges | 640/8 | €4,558 | €4,701 | +€143 | +3.1% |
| Gross operating margin | 9900 | €132,606 | €280,726 | +€148,120 | +111.7% |
| Operating profit (loss) | 9901 | €10,937 | €89,106 | +€78,169 | +714.7% |
| Financial income | 75/76B | €6,767 | €4,448 | -€2,319 | -34.3% |
| Recurring financial income | 75 | €6,767 | €4,448 | -€2,319 | -34.3% |
| Financial charges | 65/66B | €12,156 | €37,484 | +€25,328 | +208.4% |
| Recurring financial charges | 65 | €12,156 | €37,484 | +€25,328 | +208.4% |
| Profit (loss) for the period before taxes | 9903 | €5,548 | €56,070 | +€50,522 | +910.6% |
| Income taxes | 67/77 | €756 | €14,654 | +€13,898 | +1838.3% |
| Profit (loss) for the period | 9904 | €4,792 | €41,416 | +€36,624 | +764.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,792 | €41,416 | +€36,624 | +764.3% |
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 11 October 2026 via checked.be.