ECHNATON: 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
ECHNATON
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€19,404
2024 · -€18,556-€849
Equity
-€487,816
2024 · -€468,411-€19,404
Cash
€3,259
2024 · €5,898-€2,639
Balance sheet total
€3.7m
2024 · €3.6m+€161,866
Largest movements
Assets
- Tangible fixed assets +€146,846
up €146,846 (+6.3%), from €2.3m to €2.5m
of which Land and buildings: +€146,403
Equity and liabilities
- Other debts +€264,922
up €264,922 (+21.8%), from €1.2m to €1.5m
- Debts after one year -€94,245
down €94,245 (-3.5%), from €2.7m to €2.6m
Income statement
- Other operating charges +€12,946
up €12,946 (+1044.3%), from €1,240 to €14,186
- Financial income +€11,411
up €11,411 (+101.2%), from €11,275 to €22,685
- Gross operating margin +€2,595
up €2,595 (+1.8%), from €143,995 to €146,591
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
-€18,556
Gross operating margin
+€2,595
Depreciation
-€957
Other operating charges
-€12,946
Financial income
+€11,411
Financial charges
-€952
Result 2025
-€19,404
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
+€288,668
Investment
-€208,968
Financing
-€82,339
Cash 2024
€5,898
From operations (derived)
+€288,668
Net result for the year
-€19,404
Depreciation
+€62,122
Receivables within one year
-€17,659
Trade debts
-€4,943
Tax, wage and social debts
+€10,184
Other debts
+€264,922
Accrued charges and deferred income
-€6,554
Investment (derived)
-€208,968
Investment in fixed assets (net)
-€208,968
Financing
-€82,339
Debts after one year
-€94,245
Current portion of long-term debt
+€11,862
Short-term financial debts
+€43
Cash 2025
€3,259
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,570,928 | €3,732,794 | +€161,866 | +4.5% |
| Fixed assets | 21/28 | €2,338,797 | €2,485,642 | +€146,846 | +6.3% |
| Tangible fixed assets | 22/27 | €2,338,797 | €2,485,642 | +€146,846 | +6.3% |
| Land and buildings | 22 | €2,338,797 | €2,485,200 | +€146,403 | +6.3% |
| Plant, machinery and equipment | 23 | - | €443 | +€443 | |
| Current assets | 29/58 | €1,232,131 | €1,247,152 | +€15,021 | +1.2% |
| Stocks and contracts in progress | 3 | €62,000 | €62,000 | = | 0.0% |
| Stocks | 30/36 | €62,000 | €62,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,164,233 | €1,181,893 | +€17,659 | +1.5% |
| Trade receivables | 40 | €25,891 | €38,963 | +€13,073 | +50.5% |
| Other amounts receivable | 41 | €1,138,343 | €1,142,930 | +€4,587 | +0.4% |
| Cash at bank and in hand | 54/58 | €5,898 | €3,259 | -€2,639 | -44.7% |
| Total equity and liabilities | 10/49 | €3,570,928 | €3,732,794 | +€161,866 | +4.5% |
| Equity | 10/15 | -€468,411 | -€487,816 | -€19,404 | -4.1% |
| Contributions | 10/11 | €90,987 | €90,987 | = | 0.0% |
| Capital | 10 | €90,987 | €90,987 | = | 0.0% |
| Issued capital | 100 | €90,987 | €90,987 | = | 0.0% |
| Reserves | 13 | €1,177 | €1,177 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,177 | €1,177 | = | 0.0% |
| Legal reserve | 130 | €1,177 | €1,177 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€560,575 | -€579,979 | -€19,404 | -3.5% |
| Amounts payable | 17/49 | €4,039,339 | €4,220,610 | +€181,271 | +4.5% |
| Amounts payable after more than one year | 17 | €2,714,914 | €2,620,669 | -€94,245 | -3.5% |
| Financial debts | 170/4 | €2,714,914 | €2,620,669 | -€94,245 | -3.5% |
| Amounts payable within one year | 42/48 | €1,317,872 | €1,599,941 | +€282,069 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €91,963 | €103,825 | +€11,862 | +12.9% |
| Financial debts | 43 | - | €43 | +€43 | |
| Credit institutions | 430/8 | - | €43 | +€43 | |
| Trade debts | 44 | €8,257 | €3,314 | -€4,943 | -59.9% |
| Suppliers | 440/4 | €8,257 | €3,314 | -€4,943 | -59.9% |
| Taxes, remuneration and social security | 45 | €1,459 | €11,643 | +€10,184 | +698.0% |
| Taxes | 450/3 | €1,459 | €11,643 | +€10,184 | +698.0% |
| Other amounts payable | 47/48 | €1,216,193 | €1,481,115 | +€264,922 | +21.8% |
| Accrued charges and deferred income | 492/3 | €6,554 | €0 | -€6,554 | -100.0% |
| Non-recurring operating income | 76A | €50 | - | -€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,165 | €62,122 | +€957 | +1.6% |
| Other operating charges | 640/8 | €1,240 | €14,186 | +€12,946 | +1044.3% |
| Gross operating margin | 9900 | €143,995 | €146,591 | +€2,595 | +1.8% |
| Operating profit (loss) | 9901 | €81,590 | €70,283 | -€11,308 | -13.9% |
| Financial income | 75/76B | €11,275 | €22,685 | +€11,411 | +101.2% |
| Recurring financial income | 75 | €11,275 | €22,685 | +€11,411 | +101.2% |
| Financial charges | 65/66B | €111,421 | €112,373 | +€952 | +0.9% |
| Recurring financial charges | 65 | €111,421 | €112,373 | +€952 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,556 | -€19,404 | -€849 | -4.6% |
| Profit (loss) for the period | 9904 | -€18,556 | -€19,404 | -€849 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,556 | -€19,404 | -€849 | -4.6% |
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 5 October 2026 via checked.be.