Echo Vastgoed Groep: 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 Vastgoed Groep
Largest movements
- Cash -€32,473
down €32,473 (-11.2%), from €289,335 to €256,862
mainly Other debts (-€51,141) and Advances received (-€45,971)
- Receivables within one year -€10,358
down €10,358 (-20.8%), from €49,796 to €39,438
of which Other amounts receivable: -€5,400
- Trade debts +€59,203
up €59,203 (+746%), from €7,935 to €67,138
- Other debts -€51,141
down €51,141 (-91.3%), from €55,997 to €4,856
- Advances received -€45,971
down €45,971 (-16.7%), from €274,641 to €228,670
- Tax, wage and social debts -€10,983
down €10,983 (-40.3%), from €27,240 to €16,257
of which Taxes: -€6,881
- Current portion of long-term debt +€10,082
up €10,082, from €0 to €10,082
- Staff costs -€22,567
down €22,567 (-25.4%), from €88,929 to €66,362
- Gross operating margin -€16,696
down €16,696 (-17.2%), from €97,002 to €80,306
- Taxes +€2,701
up €2,701 (+479%), from €564 to €3,265
- Other operating charges +€999
up €999 (+73.0%), from €1,367 to €2,366
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 | €404,926 | €362,195 | -€42,731 | -10.6% |
| Fixed assets | 21/28 | €63,646 | €61,687 | -€1,960 | -3.1% |
| Tangible fixed assets | 22/27 | €62,746 | €60,787 | -€1,960 | -3.1% |
| Plant, machinery and equipment | 23 | €3,248 | €1,211 | -€2,037 | -62.7% |
| Other tangible fixed assets | 26 | €59,498 | €59,576 | +€78 | +0.1% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €341,279 | €300,508 | -€40,771 | -11.9% |
| Amounts receivable within one year | 40/41 | €49,796 | €39,438 | -€10,358 | -20.8% |
| Trade receivables | 40 | €37,661 | €32,703 | -€4,958 | -13.2% |
| Other amounts receivable | 41 | €12,135 | €6,735 | -€5,400 | -44.5% |
| Cash at bank and in hand | 54/58 | €289,335 | €256,862 | -€32,473 | -11.2% |
| Deferred charges and accrued income | 490/1 | €2,148 | €4,208 | +€2,059 | +95.8% |
| Total equity and liabilities | 10/49 | €404,926 | €362,195 | -€42,731 | -10.6% |
| Equity | 10/15 | €38,724 | €32,618 | -€6,106 | -15.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €28,684 | €28,684 | = | 0.0% |
| Distributable reserves | 133 | €28,684 | €28,684 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,959 | -€16,065 | -€6,106 | -61.3% |
| Amounts payable | 17/49 | €366,201 | €329,577 | -€36,624 | -10.0% |
| Amounts payable after more than one year | 17 | - | €2,573 | +€2,573 | |
| Financial debts | 170/4 | - | €2,573 | +€2,573 | |
| Amounts payable within one year | 42/48 | €365,814 | €327,004 | -€38,810 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | €10,082 | +€10,082 | |
| Trade debts | 44 | €7,935 | €67,138 | +€59,203 | +746% |
| Suppliers | 440/4 | €7,935 | €67,138 | +€59,203 | +746% |
| Advances received on contracts in progress | 46 | €274,641 | €228,670 | -€45,971 | -16.7% |
| Taxes, remuneration and social security | 45 | €27,240 | €16,257 | -€10,983 | -40.3% |
| Taxes | 450/3 | €20,279 | €13,398 | -€6,881 | -33.9% |
| Remuneration and social security | 454/9 | €6,961 | €2,859 | -€4,102 | -58.9% |
| Other amounts payable | 47/48 | €55,997 | €4,856 | -€51,141 | -91.3% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Non-recurring operating income | 76A | €0 | €22,645 | +€22,645 | |
| Remuneration, social security and pensions | 62 | €88,929 | €66,362 | -€22,567 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,333 | €13,315 | -€18 | -0.1% |
| Other operating charges | 640/8 | €1,367 | €2,366 | +€999 | +73.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €97,002 | €80,306 | -€16,696 | -17.2% |
| Operating profit (loss) | 9901 | -€6,628 | -€1,737 | +€4,891 | +73.8% |
| Financial income | 75/76B | €33 | €3 | -€30 | -90.9% |
| Recurring financial income | 75 | €33 | €3 | -€30 | -90.9% |
| Financial charges | 65/66B | €573 | €1,108 | +€534 | +93.2% |
| Recurring financial charges | 65 | €573 | €1,108 | +€534 | +93.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,169 | -€2,842 | +€4,327 | +60.4% |
| Income taxes | 67/77 | €564 | €3,265 | +€2,701 | +479% |
| Profit (loss) for the period | 9904 | -€7,733 | -€6,106 | +€1,627 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,733 | -€6,106 | +€1,627 | +21.0% |
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 18 October 2026 via checked.be.