ECHOBEL: 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.
ECHOBEL
Largest movements
- Receivables within one year +€174,371
up €174,371 (+4.1%), from €4.2m to €4.4m
of which Other amounts receivable: +€114,371
- Other debts +€125,927
up €125,927 (+5.5%), from €2.3m to €2.4m
- Gross operating margin +€56,162
up €56,162, from -€33,946 to €22,216
- Financial income -€36,635
down €36,635 (-42.2%), from €86,739 to €50,104
- Financial charges +€649
up €649 (+2.9%), from €22,721 to €23,370
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 | €6,257,190 | €6,430,881 | +€173,691 | +2.8% |
| Fixed assets | 21/28 | €56,300 | €56,300 | = | 0.0% |
| Financial fixed assets | 28 | €56,300 | €56,300 | = | 0.0% |
| Current assets | 29/58 | €6,200,890 | €6,374,581 | +€173,691 | +2.8% |
| Amounts receivable within one year | 40/41 | €4,245,281 | €4,419,652 | +€174,371 | +4.1% |
| Trade receivables | 40 | €13,424 | €73,424 | +€60,000 | +447% |
| Other amounts receivable | 41 | €4,231,857 | €4,346,229 | +€114,371 | +2.7% |
| Cash at bank and in hand | 54/58 | €1,955,609 | €1,954,929 | -€680 | 0.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €6,257,190 | €6,430,881 | +€173,691 | +2.8% |
| Equity | 10/15 | -€12,335,667 | -€12,287,902 | +€47,764 | +0.4% |
| Contributions | 10/11 | €2,479,000 | €2,479,000 | = | 0.0% |
| Capital | 10 | €2,479,000 | €2,479,000 | = | 0.0% |
| Issued capital | 100 | €2,479,000 | €2,479,000 | = | 0.0% |
| Reserves | 13 | €535,407 | €535,407 | = | 0.0% |
| Non-distributable reserves | 130/1 | €247,900 | €247,900 | = | 0.0% |
| Legal reserve | 130 | €247,900 | €247,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €287,507 | €287,507 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,350,073 | -€15,302,309 | +€47,764 | +0.3% |
| Provisions and deferred taxes | 16 | €27,017 | €27,017 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €27,017 | €27,017 | = | 0.0% |
| Pensions and similar obligations | 160 | €27,017 | €27,017 | = | 0.0% |
| Amounts payable | 17/49 | €18,565,840 | €18,691,767 | +€125,927 | +0.7% |
| Amounts payable after more than one year | 17 | €15,600,000 | €15,600,000 | = | 0.0% |
| Financial debts | 170/4 | €15,600,000 | €15,600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,312,947 | €2,438,874 | +€125,927 | +5.4% |
| Trade debts | 44 | €39,572 | €39,572 | = | 0.0% |
| Suppliers | 440/4 | €39,572 | €39,572 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,035 | €1,035 | = | 0.0% |
| Taxes | 450/3 | €1,035 | €1,035 | = | 0.0% |
| Other amounts payable | 47/48 | €2,272,341 | €2,398,267 | +€125,927 | +5.5% |
| Accrued charges and deferred income | 492/3 | €652,892 | €652,892 | = | 0.0% |
| Other operating charges | 640/8 | €1,155 | €1,185 | +€31 | +2.7% |
| Gross operating margin | 9900 | -€33,946 | €22,216 | +€56,162 | |
| Operating profit (loss) | 9901 | -€35,100 | €21,030 | +€56,131 | |
| Financial income | 75/76B | €86,739 | €50,104 | -€36,635 | -42.2% |
| Recurring financial income | 75 | €86,739 | €50,104 | -€36,635 | -42.2% |
| Financial charges | 65/66B | €22,721 | €23,370 | +€649 | +2.9% |
| Recurring financial charges | 65 | €22,721 | €23,370 | +€649 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €28,918 | €47,764 | +€18,847 | +65.2% |
| Profit (loss) for the period | 9904 | €28,918 | €47,764 | +€18,847 | +65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,918 | €47,764 | +€18,847 | +65.2% |
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 14 October 2026 via checked.be.