ECHO BRAVO: 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 BRAVO
Largest movements
- Intangible fixed assets +€185,750
new in 2025: €185,750
- Receivables within one year +€16,429
up €16,429 (+3633.8%), from €452 to €16,881
of which Other amounts receivable: +€12,100
- Cash +€10,696
up €10,696 (+288.8%), from €3,703 to €14,400
mainly Debts after one year (+€137,296) and Contributions, distributions and other (+€56,693)
- Debts after one year +€137,296
new in 2025: €137,296
- Investment grants +€56,693
new in 2025: €56,693
- Provisions +€18,898
new in 2025: €18,898
- Profit (loss) carried forward -€3,279
down €3,279 (-81.0%), from -€4,049 to -€7,328
- Trade debts +€3,086
up €3,086 (+5268.2%), from €59 to €3,145
- Gross operating margin +€1,132
up €1,132 (+32.7%), from -€3,457 to -€2,326
- Financial charges +€250
up €250 (+1783.9%), from €14 to €264
- Other operating charges +€111
up €111 (+19.3%), from €578 to €690
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 | €4,158 | €217,035 | +€212,877 | +5119.9% |
| Fixed assets | 21/28 | - | €185,750 | +€185,750 | |
| Intangible fixed assets | 21 | - | €185,750 | +€185,750 | |
| Current assets | 29/58 | €4,158 | €31,285 | +€27,127 | +652.4% |
| Amounts receivable within one year | 40/41 | €452 | €16,881 | +€16,429 | +3633.8% |
| Trade receivables | 40 | - | €4,330 | +€4,330 | |
| Other amounts receivable | 41 | €452 | €12,552 | +€12,100 | +2676.2% |
| Cash at bank and in hand | 54/58 | €3,703 | €14,400 | +€10,696 | +288.8% |
| Deferred charges and accrued income | 490/1 | €2 | €4 | +€1 | +60.9% |
| Total equity and liabilities | 10/49 | €4,158 | €217,035 | +€212,877 | +5119.9% |
| Equity | 10/15 | €2,451 | €55,864 | +€53,414 | +2179.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,049 | -€7,328 | -€3,279 | -81.0% |
| Investment grants | 15 | - | €56,693 | +€56,693 | |
| Provisions and deferred taxes | 16 | - | €18,898 | +€18,898 | |
| Deferred taxes | 168 | - | €18,898 | +€18,898 | |
| Amounts payable | 17/49 | €1,707 | €142,273 | +€140,566 | +8233.6% |
| Amounts payable after more than one year | 17 | - | €137,296 | +€137,296 | |
| Other amounts payable | 178/9 | - | €137,296 | +€137,296 | |
| Amounts payable within one year | 42/48 | €1,514 | €4,777 | +€3,264 | +215.6% |
| Trade debts | 44 | €59 | €3,145 | +€3,086 | +5268.2% |
| Suppliers | 440/4 | €59 | €3,145 | +€3,086 | +5268.2% |
| Other amounts payable | 47/48 | €1,455 | €1,633 | +€178 | +12.2% |
| Accrued charges and deferred income | 492/3 | €194 | €200 | +€6 | +3.2% |
| Other operating charges | 640/8 | €578 | €690 | +€111 | +19.3% |
| Gross operating margin | 9900 | -€3,457 | -€2,326 | +€1,132 | +32.7% |
| Operating profit (loss) | 9901 | -€4,035 | -€3,015 | +€1,020 | +25.3% |
| Financial charges | 65/66B | €14 | €264 | +€250 | +1783.9% |
| Recurring financial charges | 65 | €14 | €264 | +€250 | +1783.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,049 | -€3,279 | +€771 | +19.0% |
| Profit (loss) for the period | 9904 | -€4,049 | -€3,279 | +€771 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,049 | -€3,279 | +€771 | +19.0% |
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 28 September 2026 via checked.be.