E.C.H. DEVELOPMENT: 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.
E.C.H. DEVELOPMENT
Largest movements
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Cash +€477,208
up €477,208 (+650%), from €73,370 to €550,578
mainly Current investments (+€500,000) and Net result for the year (+€17,873)
- Other debts -€15,351
down €15,351 (-29.4%), from €52,149 to €36,797
- Gross operating margin -€3,235
down €3,235 (-15.2%), from €21,283 to €18,047
- Taxes -€2,093
down €2,093 (-22.6%), from €9,277 to €7,185
- Financial income +€826
up €826 (+9.0%), from €9,208 to €10,035
- Depreciation -€246
down €246 (-9.8%), from €2,502 to €2,256
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.
Derived cash bridge
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 | €584,838 | €565,393 | -€19,445 | -3.3% |
| Fixed assets | 21/28 | €2,408 | €2,546 | +€137 | +5.7% |
| Tangible fixed assets | 22/27 | €2,408 | €2,446 | +€37 | +1.5% |
| Plant, machinery and equipment | 23 | - | €2,096 | +€2,096 | |
| Furniture and vehicles | 24 | €2,408 | €350 | -€2,059 | -85.5% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €582,430 | €562,847 | -€19,582 | -3.4% |
| Amounts receivable within one year | 40/41 | €9,040 | €12,150 | +€3,110 | +34.4% |
| Trade receivables | 40 | €200 | €1,531 | +€1,331 | +666% |
| Other amounts receivable | 41 | €8,840 | €10,619 | +€1,779 | +20.1% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €73,370 | €550,578 | +€477,208 | +650% |
| Deferred charges and accrued income | 490/1 | €20 | €120 | +€100 | +500% |
| Total equity and liabilities | 10/49 | €584,838 | €565,393 | -€19,445 | -3.3% |
| Equity | 10/15 | €415,384 | €414,392 | -€992 | -0.2% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €153,974 | €152,982 | -€992 | -0.6% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €135,224 | €134,232 | -€992 | -0.7% |
| Profit (loss) carried forward | 14 | €240,958 | €240,958 | = | 0.0% |
| Provisions and deferred taxes | 16 | €109,847 | €109,847 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €109,847 | €109,847 | = | 0.0% |
| Pensions and similar obligations | 160 | €109,847 | €109,847 | = | 0.0% |
| Amounts payable | 17/49 | €59,607 | €41,154 | -€18,453 | -31.0% |
| Amounts payable within one year | 42/48 | €59,607 | €41,154 | -€18,453 | -31.0% |
| Trade debts | 44 | €29 | €419 | +€390 | +1,324% |
| Suppliers | 440/4 | €29 | €419 | +€390 | +1,324% |
| Taxes, remuneration and social security | 45 | €7,429 | €3,938 | -€3,491 | -47.0% |
| Taxes | 450/3 | €7,429 | €3,938 | -€3,491 | -47.0% |
| Other amounts payable | 47/48 | €52,149 | €36,797 | -€15,351 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,502 | €2,256 | -€246 | -9.8% |
| Other operating charges | 640/8 | €451 | €400 | -€51 | -11.4% |
| Gross operating margin | 9900 | €21,283 | €18,047 | -€3,235 | -15.2% |
| Operating profit (loss) | 9901 | €18,330 | €15,391 | -€2,938 | -16.0% |
| Financial income | 75/76B | €9,208 | €10,035 | +€826 | +9.0% |
| Recurring financial income | 75 | €9,208 | €10,035 | +€826 | +9.0% |
| Financial charges | 65/66B | €312 | €368 | +€56 | +17.8% |
| Recurring financial charges | 65 | €312 | €368 | +€56 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €27,226 | €25,058 | -€2,168 | -8.0% |
| Income taxes | 67/77 | €9,277 | €7,185 | -€2,093 | -22.6% |
| Profit (loss) for the period | 9904 | €17,948 | €17,873 | -€75 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,948 | €17,873 | -€75 | -0.4% |
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 20 October 2026 via checked.be.