ECHO BAY: 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 BAY
Largest movements
- Stocks and contracts +€90,431
up €90,431 (+5.0%), from €1.8m to €1.9m
- Cash +€49,721
up €49,721 (+90.0%), from €55,253 to €104,974
- Tangible fixed assets +€28,749
up €28,749 (+14.0%), from €205,722 to €234,471
of which Other tangible fixed assets: +€26,901
- Contributions +€2.0m
up €2.0m (+3252.0%), from €61,500 to €2.1m
- Trade debts -€750,889
down €750,889 (-77.0%), from €975,794 to €224,905
- Other debts -€739,797
down €739,797 (-51.8%), from €1.4m to €687,766
- Profit (loss) carried forward -€479,763
down €479,763 (-52.9%), from -€906,944 to -€1.4m
- Tax, wage and social debts +€164,568
up €164,568 (+34.9%), from €472,087 to €636,655
of which Taxes: +€211,046
- Turnover -€10.9m
no longer reported in 2025 (was €10.9m)
- Goods and materials -€6.1m
no longer reported in 2025 (was €6.1m)
of which Purchases: -€6.2m
- Services and other goods -€3.6m
no longer reported in 2025 (was €3.6m)
- Gross operating margin +€1.8m
new in 2025: €1.8m
- Staff costs +€636,124
up €636,124 (+45.2%), from €1.4m to €2.0m
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,083,008 | €2,245,420 | +€162,412 | +7.8% |
| Fixed assets | 21/28 | €206,556 | €235,305 | +€28,749 | +13.9% |
| Tangible fixed assets | 22/27 | €205,722 | €234,471 | +€28,749 | +14.0% |
| Land and buildings | 22 | €974 | €974 | = | 0.0% |
| Plant, machinery and equipment | 23 | €51,965 | €66,159 | +€14,194 | +27.3% |
| Furniture and vehicles | 24 | €27,832 | €15,486 | -€12,346 | -44.4% |
| Other tangible fixed assets | 26 | €124,951 | €151,852 | +€26,901 | +21.5% |
| Financial fixed assets | 28 | €834 | €834 | = | 0.0% |
| Other financial fixed assets | 284/8 | €834 | - | -€834 | |
| Amounts receivable and cash guarantees | 285/8 | €834 | - | -€834 | |
| Current assets | 29/58 | €1,876,452 | €2,010,115 | +€133,663 | +7.1% |
| Amounts receivable after more than one year | 29 | €4,978 | - | -€4,978 | |
| Other amounts receivable | 291 | €4,978 | - | -€4,978 | |
| Stocks and contracts in progress | 3 | €1,814,677 | €1,905,108 | +€90,431 | +5.0% |
| Stocks | 30/36 | €1,814,677 | €1,905,108 | +€90,431 | +5.0% |
| Goods purchased for resale | 34 | €1,814,677 | - | -€1.8m | |
| Amounts receivable within one year | 40/41 | - | €33 | +€33 | |
| Trade receivables | 40 | - | €33 | +€33 | |
| Cash at bank and in hand | 54/58 | €55,253 | €104,974 | +€49,721 | +90.0% |
| Deferred charges and accrued income | 490/1 | €1,544 | - | -€1,544 | |
| Total equity and liabilities | 10/49 | €2,083,008 | €2,245,420 | +€162,412 | +7.8% |
| Equity | 10/15 | -€839,294 | €680,943 | +€1.5m | |
| Contributions | 10/11 | €61,500 | €2,061,500 | +€2.0m | +3252.0% |
| Capital | 10 | €61,500 | €2,061,500 | +€2.0m | +3252.0% |
| Issued capital | 100 | €61,500 | €2,061,500 | +€2.0m | +3252.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€906,944 | -€1,386,707 | -€479,763 | -52.9% |
| Amounts payable | 17/49 | €2,922,302 | €1,564,477 | -€1.4m | -46.5% |
| Amounts payable within one year | 42/48 | €2,883,803 | €1,549,326 | -€1.3m | -46.3% |
| Current portion of amounts payable after more than one year | 42 | €8,359 | - | -€8,359 | |
| Trade debts | 44 | €975,794 | €224,905 | -€750,889 | -77.0% |
| Suppliers | 440/4 | €975,794 | €224,905 | -€750,889 | -77.0% |
| Taxes, remuneration and social security | 45 | €472,087 | €636,655 | +€164,568 | +34.9% |
| Taxes | 450/3 | €219,869 | €430,915 | +€211,046 | +96.0% |
| Remuneration and social security | 454/9 | €252,218 | €205,740 | -€46,478 | -18.4% |
| Other amounts payable | 47/48 | €1,427,563 | €687,766 | -€739,797 | -51.8% |
| Accrued charges and deferred income | 492/3 | €38,499 | €15,151 | -€23,348 | -60.6% |
| Operating income | 70/76A | €11,008,274 | - | -€11.0m | |
| Turnover | 70 | €10,911,719 | - | -€10.9m | |
| Other operating income | 74 | €96,555 | - | -€96,555 | |
| Non-recurring operating income | 76A | - | €35,143 | +€35,143 | |
| Operating charges | 60/66A | €11,193,263 | - | -€11.2m | |
| Goods for resale, raw materials and consumables | 60 | €6,053,760 | - | -€6.1m | |
| Purchases | 600/8 | €6,180,839 | - | -€6.2m | |
| Change in stocks: decrease (increase) | 609 | -€127,079 | - | +€127,079 | |
| Services and other goods | 61 | €3,574,472 | - | -€3.6m | |
| Remuneration, social security and pensions | 62 | €1,406,080 | €2,042,204 | +€636,124 | +45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,866 | €108,659 | -€67,207 | -38.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€106,599 | €23,218 | +€129,817 | |
| Other operating charges | 640/8 | €89,684 | €75,236 | -€14,448 | -16.1% |
| Gross operating margin | 9900 | - | €1,792,731 | +€1.8m | |
| Operating profit (loss) | 9901 | -€184,989 | -€456,586 | -€271,597 | -146.8% |
| Financial income | 75/76B | €93 | €3 | -€90 | -96.8% |
| Recurring financial income | 75 | €93 | €3 | -€90 | -96.8% |
| Other financial income | 752/9 | €93 | - | -€93 | |
| Financial charges | 65/66B | €11,972 | €16,990 | +€5,018 | +41.9% |
| Recurring financial charges | 65 | €11,972 | €16,990 | +€5,018 | +41.9% |
| Debt charges | 650 | €5,911 | - | -€5,911 | |
| Other financial charges | 652/9 | €6,061 | - | -€6,061 | |
| Profit (loss) for the period before taxes | 9903 | -€196,868 | -€473,573 | -€276,705 | -140.6% |
| Income taxes | 67/77 | €1,930 | €6,190 | +€4,260 | +220.7% |
| Taxes | 670/3 | €1,930 | - | -€1,930 | |
| Profit (loss) for the period | 9904 | -€198,798 | -€479,763 | -€280,965 | -141.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€198,798 | -€479,763 | -€280,965 | -141.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2023 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.