ECHO EUROPE: 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 EUROPE
Largest movements
- Receivables within one year -€332,835
no longer reported in 2021 (was €332,835)
- Debts within one year -€373,176
down €373,176 (-99.6%), from €374,742 to €1,566
of which Trade debts: -€367,593
- Profit (loss) carried forward +€33,534
up €33,534 (+63.2%), from -€53,060 to -€19,526
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Gross operating margin +€484
no longer reported in 2021 (was -€484)
- Depreciation -€483
no longer reported in 2021 (was €483)
- Financial charges +€107
new in 2021: €107
From the 2019 result to the 2021 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
A cash bridge needs two consecutive financial 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 | 2019 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €334,082 | €640 | -€333,442 | -99.8% |
| Fixed assets | 21/28 | €482 | - | -€482 | |
| Tangible fixed assets | 22/27 | €482 | - | -€482 | |
| Current assets | 29/58 | €333,600 | €640 | -€332,960 | -99.8% |
| Amounts receivable within one year | 40/41 | €332,835 | - | -€332,835 | |
| Cash at bank and in hand | 54/58 | €765 | €640 | -€125 | -16.3% |
| Total equity and liabilities | 10/49 | €334,082 | €640 | -€333,442 | -99.8% |
| Equity | 10/15 | -€40,660 | -€926 | +€39,734 | +97.7% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Profit (loss) carried forward | 14 | -€53,060 | -€19,526 | +€33,534 | +63.2% |
| Amounts payable | 17/49 | €374,742 | €1,566 | -€373,176 | -99.6% |
| Amounts payable within one year | 42/48 | €374,742 | €1,566 | -€373,176 | -99.6% |
| Trade debts | 44 | €367,593 | - | -€367,593 | |
| Taxes, remuneration and social security | 45 | - | €220 | +€220 | |
| Taxes | 450/3 | - | €220 | +€220 | |
| Other amounts payable | 47/48 | - | €1,346 | +€1,346 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €483 | - | -€483 | |
| Gross operating margin | 9900 | -€484 | - | +€484 | |
| Operating profit (loss) | 9901 | -€1,748 | - | +€1,748 | |
| Financial charges | 65/66B | - | €107 | +€107 | |
| Recurring financial charges | 65 | - | €107 | +€107 | |
| Profit (loss) for the period before taxes | 9903 | -€1,748 | -€107 | +€1,641 | +93.9% |
| Profit (loss) for the period | 9904 | -€1,748 | -€107 | +€1,641 | +93.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,748 | -€107 | +€1,641 | +93.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.