ECHO STUDIO: 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 STUDIO
Largest movements
- Tangible fixed assets -€10,143
down €10,143 (-30.7%), from €33,069 to €22,926
of which Plant, machinery and equipment: -€8,360
- Receivables within one year -€6,628
down €6,628 (-4.4%), from €149,246 to €142,618
- Cash +€5,626
up €5,626 (+37.2%), from €15,110 to €20,737
mainly Depreciation (+€18,921) and Net result for the year (+€10,867)
- Deferred charges and accrued income -€2,970
down €2,970 (-31.3%), from €9,498 to €6,528
- Accrued charges and deferred income -€14,900
no longer reported in 2025 (was €14,900)
- Profit (loss) carried forward +€10,867
up €10,867 (+53.4%), from €20,345 to €31,212
- Trade debts -€8,649
down €8,649 (-10.0%), from €86,769 to €78,120
- Tax, wage and social debts +€5,330
up €5,330 (+19.7%), from €27,006 to €32,336
of which Taxes: +€5,962
- Current portion of long-term debt -€4,712
down €4,712 (-74.7%), from €6,308 to €1,596
- Gross operating margin +€47,909
up €47,909 (+23.0%), from €208,276 to €256,185
- Staff costs +€28,525
up €28,525 (+14.9%), from €191,039 to €219,564
- Taxes +€4,094
up €4,094 (+284%), from €1,440 to €5,534
- Depreciation +€3,833
up €3,833 (+25.4%), from €15,087 to €18,921
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.
Derived cash bridge
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 | €206,923 | €193,264 | -€13,659 | -6.6% |
| Fixed assets | 21/28 | €33,069 | €23,381 | -€9,688 | -29.3% |
| Tangible fixed assets | 22/27 | €33,069 | €22,926 | -€10,143 | -30.7% |
| Plant, machinery and equipment | 23 | €19,634 | €11,274 | -€8,360 | -42.6% |
| Furniture and vehicles | 24 | €13,435 | €11,652 | -€1,783 | -13.3% |
| Financial fixed assets | 28 | - | €455 | +€455 | |
| Current assets | 29/58 | €173,854 | €169,883 | -€3,971 | -2.3% |
| Amounts receivable within one year | 40/41 | €149,246 | €142,618 | -€6,628 | -4.4% |
| Trade receivables | 40 | €149,246 | €142,618 | -€6,628 | -4.4% |
| Cash at bank and in hand | 54/58 | €15,110 | €20,737 | +€5,626 | +37.2% |
| Deferred charges and accrued income | 490/1 | €9,498 | €6,528 | -€2,970 | -31.3% |
| Total equity and liabilities | 10/49 | €206,923 | €193,264 | -€13,659 | -6.6% |
| Equity | 10/15 | €70,345 | €81,212 | +€10,867 | +15.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,345 | €31,212 | +€10,867 | +53.4% |
| Amounts payable | 17/49 | €136,578 | €112,052 | -€24,526 | -18.0% |
| Amounts payable after more than one year | 17 | €1,596 | - | -€1,596 | |
| Financial debts | 170/4 | €1,596 | - | -€1,596 | |
| Amounts payable within one year | 42/48 | €120,083 | €112,052 | -€8,030 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €6,308 | €1,596 | -€4,712 | -74.7% |
| Trade debts | 44 | €86,769 | €78,120 | -€8,649 | -10.0% |
| Suppliers | 440/4 | €86,769 | €78,120 | -€8,649 | -10.0% |
| Taxes, remuneration and social security | 45 | €27,006 | €32,336 | +€5,330 | +19.7% |
| Taxes | 450/3 | €26,374 | €32,336 | +€5,962 | +22.6% |
| Remuneration and social security | 454/9 | €632 | - | -€632 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €14,900 | - | -€14,900 | |
| Remuneration, social security and pensions | 62 | €191,039 | €219,564 | +€28,525 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,087 | €18,921 | +€3,833 | +25.4% |
| Other operating charges | 640/8 | €676 | €1,574 | +€898 | +133% |
| Gross operating margin | 9900 | €208,276 | €256,185 | +€47,909 | +23.0% |
| Operating profit (loss) | 9901 | €1,473 | €16,125 | +€14,652 | +994% |
| Financial income | 75/76B | €1,715 | €1,140 | -€575 | -33.5% |
| Recurring financial income | 75 | €1,715 | €1,140 | -€575 | -33.5% |
| Financial charges | 65/66B | €744 | €865 | +€120 | +16.1% |
| Recurring financial charges | 65 | €744 | €865 | +€120 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €2,444 | €16,401 | +€13,957 | +571% |
| Income taxes | 67/77 | €1,440 | €5,534 | +€4,094 | +284% |
| Profit (loss) for the period | 9904 | €1,005 | €10,867 | +€9,862 | +982% |
| Profit (loss) for the period to be appropriated | 9905 | €1,005 | €10,867 | +€9,862 | +982% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.