E.C.H.T.: 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.T.
Largest movements
- Cash +€110,723
up €110,723 (+8,816%), from €1,256 to €111,979
mainly Net result for the year (+€102,161) and Tax, wage and social debts (+€22,394)
- Receivables within one year +€7,801
up €7,801 (+780%), from €999 to €8,800
- Deferred charges and accrued income +€2,025
up €2,025 (+185%), from €1,095 to €3,120
- Reserves +€75,148
new in 2025: €75,148
- Profit (loss) carried forward +€27,013
no longer reported in 2025 (was -€27,013)
- Tax, wage and social debts +€22,394
up €22,394 (+7,776%), from €288 to €22,682
- Other debts -€4,413
down €4,413 (-16.2%), from €27,174 to €22,761
- Gross operating margin +€150,231
up €150,231, from -€26,328 to €123,903
- Taxes +€20,946
up €20,946 (+39,006%), from €54 to €21,000
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 | €5,763 | €125,750 | +€119,987 | +2,082% |
| Fixed assets | 21/28 | €2,413 | €1,851 | -€562 | -23.3% |
| Tangible fixed assets | 22/27 | €2,413 | €1,851 | -€562 | -23.3% |
| Plant, machinery and equipment | 23 | €2,413 | €1,851 | -€562 | -23.3% |
| Current assets | 29/58 | €3,351 | €123,899 | +€120,549 | +3,598% |
| Amounts receivable within one year | 40/41 | €999 | €8,800 | +€7,801 | +780% |
| Trade receivables | 40 | €999 | €8,800 | +€7,801 | +780% |
| Cash at bank and in hand | 54/58 | €1,256 | €111,979 | +€110,723 | +8,816% |
| Deferred charges and accrued income | 490/1 | €1,095 | €3,120 | +€2,025 | +185% |
| Total equity and liabilities | 10/49 | €5,763 | €125,750 | +€119,987 | +2,082% |
| Equity | 10/15 | -€22,013 | €80,148 | +€102,161 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €75,148 | +€75,148 | |
| Distributable reserves | 133 | - | €75,148 | +€75,148 | |
| Profit (loss) carried forward | 14 | -€27,013 | - | +€27,013 | |
| Amounts payable | 17/49 | €27,777 | €45,603 | +€17,826 | +64.2% |
| Amounts payable within one year | 42/48 | €27,777 | €45,603 | +€17,826 | +64.2% |
| Trade debts | 44 | €315 | €159 | -€156 | -49.4% |
| Suppliers | 440/4 | €315 | €159 | -€156 | -49.4% |
| Taxes, remuneration and social security | 45 | €288 | €22,682 | +€22,394 | +7,776% |
| Taxes | 450/3 | €288 | €22,682 | +€22,394 | +7,776% |
| Other amounts payable | 47/48 | €27,174 | €22,761 | -€4,413 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €397 | €562 | +€165 | +41.5% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | -€26,328 | €123,903 | +€150,231 | |
| Operating profit (loss) | 9901 | -€26,725 | €123,221 | +€149,946 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €235 | €60 | -€174 | -74.3% |
| Recurring financial charges | 65 | €235 | €60 | -€174 | -74.3% |
| Profit (loss) for the period before taxes | 9903 | -€26,960 | €123,161 | +€150,121 | |
| Income taxes | 67/77 | €54 | €21,000 | +€20,946 | +39,006% |
| Profit (loss) for the period | 9904 | -€27,013 | €102,161 | +€129,174 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,013 | €102,161 | +€129,174 |
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 26 October 2026 via checked.be.