ECHORAD: 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.
ECHORAD
Largest movements
- Tangible fixed assets -€15,831
down €15,831 (-5.1%), from €311,086 to €295,255
- Debts after one year -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Short-term financial debts +€75,000
new in 2025: €75,000
- Other debts -€29,760
down €29,760 (-7.1%), from €416,416 to €386,656
- Profit (loss) carried forward +€13,462
up €13,462 (+6.8%), from -€196,967 to -€183,505
- Depreciation -€6,181
down €6,181 (-28.1%), from €22,012 to €15,831
- Gross operating margin -€4,085
down €4,085 (-9.5%), from €43,019 to €38,934
- Financial charges -€1,713
down €1,713 (-32.6%), from €5,249 to €3,536
- Taxes +€1,422
new in 2025: €1,422
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.
Cash bridge derived
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 | €313,095 | €298,165 | -€14,930 | -4.8% |
| Fixed assets | 21/28 | €311,086 | €295,255 | -€15,831 | -5.1% |
| Tangible fixed assets | 22/27 | €311,086 | €295,255 | -€15,831 | -5.1% |
| Land and buildings | 22 | €311,086 | €295,255 | -€15,831 | -5.1% |
| Current assets | 29/58 | €2,009 | €2,910 | +€901 | +44.9% |
| Cash at bank and in hand | 54/58 | €717 | €835 | +€117 | +16.3% |
| Deferred charges and accrued income | 490/1 | €1,292 | €2,075 | +€784 | +60.7% |
| Total equity and liabilities | 10/49 | €313,095 | €298,165 | -€14,930 | -4.8% |
| Equity | 10/15 | -€178,375 | -€164,913 | +€13,462 | +7.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€196,967 | -€183,505 | +€13,462 | +6.8% |
| Amounts payable | 17/49 | €491,471 | €463,079 | -€28,392 | -5.8% |
| Amounts payable after more than one year | 17 | €75,000 | €0 | -€75,000 | -100.0% |
| Financial debts | 170/4 | €75,000 | €0 | -€75,000 | -100.0% |
| Amounts payable within one year | 42/48 | €416,471 | €463,079 | +€46,608 | +11.2% |
| Financial debts | 43 | - | €75,000 | +€75,000 | |
| Credit institutions | 430/8 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €54 | €0 | -€54 | -100.0% |
| Suppliers | 440/4 | €54 | €0 | -€54 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €1,422 | +€1,422 | |
| Taxes | 450/3 | - | €1,422 | +€1,422 | |
| Other amounts payable | 47/48 | €416,416 | €386,656 | -€29,760 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,012 | €15,831 | -€6,181 | -28.1% |
| Other operating charges | 640/8 | €4,393 | €4,682 | +€289 | +6.6% |
| Gross operating margin | 9900 | €43,019 | €38,934 | -€4,085 | -9.5% |
| Operating profit (loss) | 9901 | €16,614 | €18,421 | +€1,807 | +10.9% |
| Financial charges | 65/66B | €5,249 | €3,536 | -€1,713 | -32.6% |
| Recurring financial charges | 65 | €5,249 | €3,536 | -€1,713 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €11,365 | €14,885 | +€3,520 | +31.0% |
| Income taxes | 67/77 | - | €1,422 | +€1,422 | |
| Profit (loss) for the period | 9904 | €11,365 | €13,462 | +€2,097 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,365 | €13,462 | +€2,097 | +18.5% |
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 11 October 2026 via checked.be.