Echelon9: 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.
Echelon9
Largest movements
- Cash +€37,398
up €37,398 (+27.4%), from €136,495 to €173,894
mainly Net result for the year (+€75,092) and Depreciation (+€1,264)
- Tangible fixed assets +€2,451
up €2,451 (+279.7%), from €876 to €3,327
of which Furniture and vehicles: +€1,784
- Reserves +€75,092
up €75,092 (+76.2%), from €98,516 to €173,608
- Tax, wage and social debts -€33,834
down €33,834 (-65.4%), from €51,697 to €17,863
- Gross operating margin -€42,104
down €42,104 (-29.6%), from €142,188 to €100,084
- Taxes -€22,422
down €22,422 (-53.1%), from €42,204 to €19,782
- Financial charges +€3,816
up €3,816 (+290.5%), from €1,314 to €5,130
- Financial income +€1,433
up €1,433 (+2544.6%), from €56 to €1,489
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 | €158,878 | €198,515 | +€39,637 | +24.9% |
| Fixed assets | 21/28 | €876 | €3,327 | +€2,451 | +279.7% |
| Tangible fixed assets | 22/27 | €876 | €3,327 | +€2,451 | +279.7% |
| Plant, machinery and equipment | 23 | €876 | €1,543 | +€667 | +76.1% |
| Furniture and vehicles | 24 | - | €1,784 | +€1,784 | |
| Current assets | 29/58 | €158,001 | €195,188 | +€37,186 | +23.5% |
| Amounts receivable within one year | 40/41 | €19,542 | €19,360 | -€182 | -0.9% |
| Trade receivables | 40 | €19,542 | €19,360 | -€182 | -0.9% |
| Cash at bank and in hand | 54/58 | €136,495 | €173,894 | +€37,398 | +27.4% |
| Deferred charges and accrued income | 490/1 | €1,965 | €1,934 | -€31 | -1.6% |
| Total equity and liabilities | 10/49 | €158,878 | €198,515 | +€39,637 | +24.9% |
| Equity | 10/15 | €101,516 | €176,608 | +€75,092 | +74.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €98,516 | €173,608 | +€75,092 | +76.2% |
| Distributable reserves | 133 | €98,516 | €173,608 | +€75,092 | +76.2% |
| Amounts payable | 17/49 | €57,362 | €21,907 | -€35,455 | -61.8% |
| Amounts payable within one year | 42/48 | €57,362 | €21,907 | -€35,455 | -61.8% |
| Trade debts | 44 | €5,547 | €3,926 | -€1,621 | -29.2% |
| Suppliers | 440/4 | €5,547 | €3,926 | -€1,621 | -29.2% |
| Taxes, remuneration and social security | 45 | €51,697 | €17,863 | -€33,834 | -65.4% |
| Taxes | 450/3 | €51,697 | €17,863 | -€33,834 | -65.4% |
| Other amounts payable | 47/48 | €118 | €118 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58 | €1,264 | +€1,205 | +2069.9% |
| Other operating charges | 640/8 | €152 | €305 | +€153 | +100.5% |
| Gross operating margin | 9900 | €142,188 | €100,084 | -€42,104 | -29.6% |
| Operating profit (loss) | 9901 | €141,978 | €98,515 | -€43,463 | -30.6% |
| Financial income | 75/76B | €56 | €1,489 | +€1,433 | +2544.6% |
| Recurring financial income | 75 | €56 | €1,489 | +€1,433 | +2544.6% |
| Financial charges | 65/66B | €1,314 | €5,130 | +€3,816 | +290.5% |
| Recurring financial charges | 65 | €1,314 | €5,130 | +€3,816 | +290.5% |
| Profit (loss) for the period before taxes | 9903 | €140,720 | €94,874 | -€45,846 | -32.6% |
| Income taxes | 67/77 | €42,204 | €19,782 | -€22,422 | -53.1% |
| Profit (loss) for the period | 9904 | €98,516 | €75,092 | -€23,424 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €98,516 | €75,092 | -€23,424 | -23.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.