ECHO: 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.
ECHO
Largest movements
- Current investments +€122,000
new in 2024: €122,000
- Cash -€96,297
down €96,297 (-62.0%), from €155,340 to €59,044
mainly Current investments (-€122,000) and Contributions, distributions and other (-€35,739)
- Receivables within one year -€9,180
down €9,180 (-16.4%), from €55,842 to €46,661
- Deferred charges and accrued income +€5,918
up €5,918 (+405.6%), from €1,459 to €7,377
- Other debts +€29,453
up €29,453 (+654.7%), from €4,499 to €33,952
- Trade debts +€11,350
up €11,350 (+1089.6%), from €1,042 to €12,392
- Reserves -€10,329
down €10,329 (-5.6%), from €185,848 to €175,519
of which Distributable reserves: -€10,329
- Tax, wage and social debts -€8,285
down €8,285 (-52.4%), from €15,812 to €7,527
- Gross operating margin +€10,792
up €10,792 (+43.0%), from €25,109 to €35,901
- Taxes +€3,617
up €3,617 (+51.5%), from €7,027 to €10,644
- Financial income +€1,577
new in 2024: €1,577
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €213,397 | €235,586 | +€22,189 | +10.4% |
| Fixed assets | 21/28 | €756 | €504 | -€252 | -33.3% |
| Tangible fixed assets | 22/27 | €756 | €504 | -€252 | -33.3% |
| Furniture and vehicles | 24 | €756 | €504 | -€252 | -33.3% |
| Current assets | 29/58 | €212,641 | €235,082 | +€22,441 | +10.6% |
| Amounts receivable within one year | 40/41 | €55,842 | €46,661 | -€9,180 | -16.4% |
| Trade receivables | 40 | €55,842 | €46,661 | -€9,180 | -16.4% |
| Current investments | 50/53 | - | €122,000 | +€122,000 | |
| Cash at bank and in hand | 54/58 | €155,340 | €59,044 | -€96,297 | -62.0% |
| Deferred charges and accrued income | 490/1 | €1,459 | €7,377 | +€5,918 | +405.6% |
| Total equity and liabilities | 10/49 | €213,397 | €235,586 | +€22,189 | +10.4% |
| Equity | 10/15 | €192,045 | €181,716 | -€10,329 | -5.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €185,848 | €175,519 | -€10,329 | -5.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €185,848 | €175,519 | -€10,329 | -5.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,353 | €53,870 | +€32,518 | +152.3% |
| Amounts payable within one year | 42/48 | €21,353 | €53,870 | +€32,518 | +152.3% |
| Trade debts | 44 | €1,042 | €12,392 | +€11,350 | +1089.6% |
| Suppliers | 440/4 | €1,042 | €12,392 | +€11,350 | +1089.6% |
| Taxes, remuneration and social security | 45 | €15,812 | €7,527 | -€8,285 | -52.4% |
| Taxes | 450/3 | €15,812 | €7,527 | -€8,285 | -52.4% |
| Other amounts payable | 47/48 | €4,499 | €33,952 | +€29,453 | +654.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252 | €252 | = | 0.0% |
| Other operating charges | 640/8 | €870 | €899 | +€28 | +3.2% |
| Gross operating margin | 9900 | €25,109 | €35,901 | +€10,792 | +43.0% |
| Operating profit (loss) | 9901 | €23,987 | €34,750 | +€10,764 | +44.9% |
| Financial income | 75/76B | - | €1,577 | +€1,577 | |
| Recurring financial income | 75 | - | €1,577 | +€1,577 | |
| Financial charges | 65/66B | €156 | €274 | +€118 | +75.8% |
| Recurring financial charges | 65 | €156 | €274 | +€118 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | €23,831 | €36,054 | +€12,223 | +51.3% |
| Income taxes | 67/77 | €7,027 | €10,644 | +€3,617 | +51.5% |
| Profit (loss) for the period | 9904 | €16,804 | €25,410 | +€8,606 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,804 | €25,410 | +€8,606 | +51.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.