ECHIMAC: 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.
What changed
ECHIMAC
NACE 46.841, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€54,252
2024 · -€1,316+€55,568
Equity
€544,317
2024 · €490,065+€54,252
Cash
€195,419
2024 · €187,544+€7,874
Balance sheet total
€1.7m
2024 · €1.7m-€16,370
Largest movements
Assets
- Tangible fixed assets -€17,432
down €17,432 (-13.2%), from €132,373 to €114,941
Equity and liabilities
- Debts after one year -€64,029
down €64,029 (-5.7%), from €1.1m to €1.1m
of which Financial debts: -€58,168
- Profit (loss) carried forward +€54,252
up €54,252 (+36.6%), from €148,280 to €202,533
Income statement
- Gross operating margin +€57,637
up €57,637 (+262.1%), from €21,990 to €79,627
- Financial income +€13,118
up €13,118 (+73.5%), from €17,837 to €30,955
- Financial charges +€13,007
up €13,007 (+57.6%), from €22,599 to €35,605
- Taxes +€1,837
new in 2025: €1,837
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.
Result 2024
-€1,316
Gross operating margin
+€57,637
Depreciation
-€518
Other operating charges
+€175
Financial income
+€13,118
Financial charges
-€13,007
Taxes
-€1,837
Result 2025
€54,252
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.
From operations
+€70,266
Investment
€0
Financing
-€62,391
Cash 2024
€187,544
From operations (derived)
+€70,266
Net result for the year
+€54,252
Depreciation
+€17,432
Receivables after one year
-€955
Receivables within one year
+€7,767
Trade debts
-€1,658
Tax, wage and social debts
-€6,573
Financing
-€62,391
Debts after one year
-€64,029
Current portion of long-term debt
+€1,638
Cash 2025
€195,419
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,692,245 | €1,675,875 | -€16,370 | -1.0% |
| Fixed assets | 21/28 | €1,425,732 | €1,408,300 | -€17,432 | -1.2% |
| Tangible fixed assets | 22/27 | €132,373 | €114,941 | -€17,432 | -13.2% |
| Land and buildings | 22 | €132,373 | €114,941 | -€17,432 | -13.2% |
| Financial fixed assets | 28 | €1,293,358 | €1,293,358 | = | 0.0% |
| Current assets | 29/58 | €266,513 | €267,575 | +€1,062 | +0.4% |
| Amounts receivable after more than one year | 29 | €47,731 | €48,685 | +€955 | +2.0% |
| Other amounts receivable | 291 | €47,731 | €48,685 | +€955 | +2.0% |
| Stocks and contracts in progress | 3 | €2,613 | €2,613 | = | 0.0% |
| Stocks | 30/36 | €2,613 | €2,613 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,626 | €20,859 | -€7,767 | -27.1% |
| Trade receivables | 40 | €28,626 | €20,859 | -€7,767 | -27.1% |
| Cash at bank and in hand | 54/58 | €187,544 | €195,419 | +€7,874 | +4.2% |
| Total equity and liabilities | 10/49 | €1,692,245 | €1,675,875 | -€16,370 | -1.0% |
| Equity | 10/15 | €490,065 | €544,317 | +€54,252 | +11.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €279,784 | €279,784 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €273,584 | €273,584 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,280 | €202,533 | +€54,252 | +36.6% |
| Amounts payable | 17/49 | €1,202,181 | €1,131,558 | -€70,622 | -5.9% |
| Amounts payable after more than one year | 17 | €1,117,138 | €1,053,109 | -€64,029 | -5.7% |
| Financial debts | 170/4 | €918,158 | €859,990 | -€58,168 | -6.3% |
| Other amounts payable | 178/9 | €198,980 | €193,119 | -€5,862 | -2.9% |
| Amounts payable within one year | 42/48 | €85,042 | €78,449 | -€6,593 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €56,800 | €58,438 | +€1,638 | +2.9% |
| Trade debts | 44 | €17,703 | €16,045 | -€1,658 | -9.4% |
| Suppliers | 440/4 | €17,703 | €16,045 | -€1,658 | -9.4% |
| Taxes, remuneration and social security | 45 | €10,540 | €3,967 | -€6,573 | -62.4% |
| Taxes | 450/3 | €10,540 | €3,967 | -€6,573 | -62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,913 | €17,432 | +€518 | +3.1% |
| Other operating charges | 640/8 | €1,631 | €1,456 | -€175 | -10.8% |
| Gross operating margin | 9900 | €21,990 | €79,627 | +€57,637 | +262.1% |
| Operating profit (loss) | 9901 | €3,446 | €60,740 | +€57,294 | +1662.8% |
| Financial income | 75/76B | €17,837 | €30,955 | +€13,118 | +73.5% |
| Recurring financial income | 75 | €17,837 | €30,955 | +€13,118 | +73.5% |
| Financial charges | 65/66B | €22,599 | €35,605 | +€13,007 | +57.6% |
| Recurring financial charges | 65 | €22,599 | €35,605 | +€13,007 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,316 | €56,089 | +€57,405 | |
| Income taxes | 67/77 | - | €1,837 | +€1,837 | |
| Profit (loss) for the period | 9904 | -€1,316 | €54,252 | +€55,568 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,316 | €54,252 | +€55,568 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.