ECHO DRY: what changed
Two financial 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 DRY
Largest movements
- Tangible fixed assets +€31,872
up €31,872 (+7.1%), from €447,711 to €479,583
- Other debts +€36,309
up €36,309 (+17.1%), from €212,469 to €248,778
- Reserves -€11,107
down €11,107 (-3.9%), from €287,081 to €275,974
of which Tax-exempt reserves: -€11,107
- Gross operating margin -€7,641
down €7,641 (-36.5%), from €20,940 to €13,299
- Depreciation +€2,257
up €2,257 (+15.9%), from €14,207 to €16,464
- Taxes -€1,458
down €1,458 (-39.7%), from €3,676 to €2,218
- Financial charges +€382
up €382 (+34.5%), from €1,109 to €1,491
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €447,711 | €479,583 | +€31,872 | +7.1% |
| Fixed assets | 21/28 | €447,711 | €479,583 | +€31,872 | +7.1% |
| Tangible fixed assets | 22/27 | €447,711 | €479,583 | +€31,872 | +7.1% |
| Land and buildings | 22 | €447,711 | €479,583 | +€31,872 | +7.1% |
| Total equity and liabilities | 10/49 | €447,711 | €479,583 | +€31,872 | +7.1% |
| Equity | 10/15 | €121,994 | €114,870 | -€7,123 | -5.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €287,081 | €275,974 | -€11,107 | -3.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €285,221 | €274,114 | -€11,107 | -3.9% |
| Profit (loss) carried forward | 14 | -€183,679 | -€179,695 | +€3,984 | +2.2% |
| Provisions and deferred taxes | 16 | €95,074 | €91,371 | -€3,702 | -3.9% |
| Deferred taxes | 168 | €95,074 | €91,371 | -€3,702 | -3.9% |
| Amounts payable | 17/49 | €230,644 | €273,341 | +€42,697 | +18.5% |
| Amounts payable within one year | 42/48 | €229,597 | €271,850 | +€42,253 | +18.4% |
| Trade debts | 44 | €5,894 | €9,621 | +€3,726 | +63.2% |
| Suppliers | 440/4 | €5,894 | €9,621 | +€3,726 | +63.2% |
| Taxes, remuneration and social security | 45 | €11,234 | €13,452 | +€2,218 | +19.7% |
| Taxes | 450/3 | €11,234 | €13,452 | +€2,218 | +19.7% |
| Other amounts payable | 47/48 | €212,469 | €248,778 | +€36,309 | +17.1% |
| Accrued charges and deferred income | 492/3 | €1,047 | €1,491 | +€444 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,207 | €16,464 | +€2,257 | +15.9% |
| Other operating charges | 640/8 | €3,810 | €3,951 | +€141 | +3.7% |
| Gross operating margin | 9900 | €20,940 | €13,299 | -€7,641 | -36.5% |
| Operating profit (loss) | 9901 | €2,923 | -€7,117 | -€10,039 | |
| Financial charges | 65/66B | €1,109 | €1,491 | +€382 | +34.5% |
| Recurring financial charges | 65 | €1,109 | €1,491 | +€382 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €1,814 | -€8,608 | -€10,422 | |
| Transfer from deferred taxes | 780 | €3,292 | €3,702 | +€411 | +12.5% |
| Income taxes | 67/77 | €3,676 | €2,218 | -€1,458 | -39.7% |
| Profit (loss) for the period | 9904 | €1,430 | -€7,123 | -€8,553 | |
| Transfer from tax-exempt reserves | 789 | €9,875 | €11,107 | +€1,232 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,305 | €3,984 | -€7,322 | -64.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.