ECHEC & MATHS: 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.
ECHEC & MATHS
Largest movements
- Tangible fixed assets -€5,072
down €5,072 (-23.4%), from €21,700 to €16,628
- Cash +€3,740
up €3,740 (+51.3%), from €7,297 to €11,037
mainly Depreciation (+€5,072) and Net result for the year (+€1,844)
- Receivables within one year -€315
down €315 (-29.1%), from €1,084 to €769
of which Other amounts receivable: -€522
- Other debts -€2,713
down €2,713 (-13.9%), from €19,519 to €16,806
- Debts after one year -€2,550
down €2,550 (-27.8%), from €9,179 to €6,629
- Profit (loss) carried forward +€1,844
up €1,844 (+84.7%), from -€2,176 to -€332
- Tax, wage and social debts +€1,345
up €1,345 (+215.1%), from €625 to €1,971
- Depreciation +€1,413
up €1,413 (+38.6%), from €3,658 to €5,072
- Taxes +€666
up €666 (+116.2%), from €573 to €1,240
- Financial charges +€176
up €176 (+24.9%), from €708 to €884
- Staff costs -€174
no longer reported in 2025 (was €174)
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 | €30,676 | €28,951 | -€1,725 | -5.6% |
| Fixed assets | 21/28 | €22,216 | €17,145 | -€5,072 | -22.8% |
| Tangible fixed assets | 22/27 | €21,700 | €16,628 | -€5,072 | -23.4% |
| Furniture and vehicles | 24 | €21,700 | €16,628 | -€5,072 | -23.4% |
| Financial fixed assets | 28 | €517 | €517 | = | 0.0% |
| Current assets | 29/58 | €8,459 | €11,806 | +€3,347 | +39.6% |
| Amounts receivable within one year | 40/41 | €1,084 | €769 | -€315 | -29.1% |
| Trade receivables | 40 | €562 | €769 | +€207 | +36.7% |
| Other amounts receivable | 41 | €522 | - | -€522 | |
| Cash at bank and in hand | 54/58 | €7,297 | €11,037 | +€3,740 | +51.3% |
| Deferred charges and accrued income | 490/1 | €78 | - | -€78 | |
| Total equity and liabilities | 10/49 | €30,676 | €28,951 | -€1,725 | -5.6% |
| Equity | 10/15 | -€1,176 | €668 | +€1,844 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,176 | -€332 | +€1,844 | +84.7% |
| Amounts payable | 17/49 | €31,852 | €28,283 | -€3,568 | -11.2% |
| Amounts payable after more than one year | 17 | €9,179 | €6,629 | -€2,550 | -27.8% |
| Financial debts | 170/4 | €9,179 | €6,629 | -€2,550 | -27.8% |
| Amounts payable within one year | 42/48 | €22,673 | €21,654 | -€1,019 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €2,443 | €2,550 | +€106 | +4.4% |
| Trade debts | 44 | €85 | €328 | +€243 | +286.4% |
| Suppliers | 440/4 | €85 | €328 | +€243 | +286.4% |
| Taxes, remuneration and social security | 45 | €625 | €1,971 | +€1,345 | +215.1% |
| Taxes | 450/3 | €625 | €1,971 | +€1,345 | +215.1% |
| Other amounts payable | 47/48 | €19,519 | €16,806 | -€2,713 | -13.9% |
| Remuneration, social security and pensions | 62 | €174 | - | -€174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,658 | €5,072 | +€1,413 | +38.6% |
| Other operating charges | 640/8 | €726 | €734 | +€8 | +1.1% |
| Gross operating margin | 9900 | €9,755 | €9,773 | +€18 | +0.2% |
| Operating profit (loss) | 9901 | €5,196 | €3,968 | -€1,229 | -23.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €708 | €884 | +€176 | +24.9% |
| Recurring financial charges | 65 | €708 | €884 | +€176 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €4,489 | €3,083 | -€1,405 | -31.3% |
| Income taxes | 67/77 | €573 | €1,240 | +€666 | +116.2% |
| Profit (loss) for the period | 9904 | €3,915 | €1,844 | -€2,072 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,915 | €1,844 | -€2,072 | -52.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.