ECHOVASC DR PHV: 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.
ECHOVASC DR PHV
Largest movements
- Tangible fixed assets -€63,314
down €63,314 (-93.3%), from €67,894 to €4,580
of which Furniture and vehicles: -€62,371
- Cash +€48,081
up €48,081 (+215%), from €22,316 to €70,397
mainly Net result for the year (+€56,899) and Investment in fixed assets (net) (+€51,113)
- Deferred charges and accrued income -€5,995
down €5,995 (-6.2%), from €97,208 to €91,213
- Receivables within one year +€3,610
new in 2025: €3,610
of which Other amounts receivable: +€2,108
- Reserves +€56,899
up €56,899 (+65.2%), from €87,329 to €144,228
of which Distributable reserves: +€56,899
- Debts after one year -€49,389
no longer reported in 2025 (was €49,389)
- Current portion of long-term debt -€22,254
down €22,254 (-93.7%), from €23,743 to €1,489
- Accrued charges and deferred income +€11,009
up €11,009 (+24.7%), from €44,623 to €55,632
- Trade debts -€8,353
down €8,353 (-69.5%), from €12,025 to €3,671
- Staff costs -€51,183
down €51,183, from €47,326 to -€3,857
- Gross operating margin +€17,994
up €17,994 (+29.2%), from €61,523 to €79,517
- Depreciation -€14,199
down €14,199 (-53.8%), from €26,401 to €12,202
- Taxes +€12,229
up €12,229 (+7,322%), from €167 to €12,396
- Financial income -€9,243
down €9,243 (-99.8%), from €9,258 to €15
of which Non-recurring financial income: -€8,717
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 | €243,537 | €225,919 | -€17,618 | -7.2% |
| Fixed assets | 21/28 | €67,894 | €4,580 | -€63,314 | -93.3% |
| Tangible fixed assets | 22/27 | €67,894 | €4,580 | -€63,314 | -93.3% |
| Furniture and vehicles | 24 | €66,326 | €3,955 | -€62,371 | -94.0% |
| Other tangible fixed assets | 26 | €1,568 | €625 | -€943 | -60.1% |
| Current assets | 29/58 | €175,643 | €221,339 | +€45,696 | +26.0% |
| Amounts receivable within one year | 40/41 | - | €3,610 | +€3,610 | |
| Trade receivables | 40 | - | €1,501 | +€1,501 | |
| Other amounts receivable | 41 | - | €2,108 | +€2,108 | |
| Current investments | 50/53 | €56,119 | €56,119 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,316 | €70,397 | +€48,081 | +215% |
| Deferred charges and accrued income | 490/1 | €97,208 | €91,213 | -€5,995 | -6.2% |
| Total equity and liabilities | 10/49 | €243,537 | €225,919 | -€17,618 | -7.2% |
| Equity | 10/15 | €35,737 | €92,636 | +€56,899 | +159% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €87,329 | €144,228 | +€56,899 | +65.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,469 | €142,368 | +€56,899 | +66.6% |
| Profit (loss) carried forward | 14 | -€63,992 | -€63,992 | = | 0.0% |
| Amounts payable | 17/49 | €207,799 | €133,283 | -€74,517 | -35.9% |
| Amounts payable after more than one year | 17 | €49,389 | - | -€49,389 | |
| Financial debts | 170/4 | €49,389 | - | -€49,389 | |
| Amounts payable within one year | 42/48 | €113,788 | €77,651 | -€36,137 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €23,743 | €1,489 | -€22,254 | -93.7% |
| Trade debts | 44 | €12,025 | €3,671 | -€8,353 | -69.5% |
| Suppliers | 440/4 | €12,025 | €3,671 | -€8,353 | -69.5% |
| Taxes, remuneration and social security | 45 | €9,588 | €5,662 | -€3,925 | -40.9% |
| Taxes | 450/3 | €2,549 | €2,445 | -€104 | -4.1% |
| Remuneration and social security | 454/9 | €7,038 | €3,217 | -€3,821 | -54.3% |
| Other amounts payable | 47/48 | €68,432 | €66,828 | -€1,604 | -2.3% |
| Accrued charges and deferred income | 492/3 | €44,623 | €55,632 | +€11,009 | +24.7% |
| Non-recurring operating income | 76A | - | €11,413 | +€11,413 | |
| Remuneration, social security and pensions | 62 | €47,326 | -€3,857 | -€51,183 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,401 | €12,202 | -€14,199 | -53.8% |
| Other operating charges | 640/8 | €1,071 | €981 | -€90 | -8.4% |
| Gross operating margin | 9900 | €61,523 | €79,517 | +€17,994 | +29.2% |
| Operating profit (loss) | 9901 | -€13,275 | €70,191 | +€83,466 | |
| Financial income | 75/76B | €9,258 | €15 | -€9,243 | -99.8% |
| Recurring financial income | 75 | €541 | €15 | -€526 | -97.3% |
| Non-recurring financial income | 76B | €8,717 | - | -€8,717 | |
| Financial charges | 65/66B | €824 | €911 | +€87 | +10.5% |
| Recurring financial charges | 65 | €824 | €911 | +€87 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,841 | €69,295 | +€74,136 | |
| Income taxes | 67/77 | €167 | €12,396 | +€12,229 | +7,322% |
| Profit (loss) for the period | 9904 | -€5,008 | €56,899 | +€61,907 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,008 | €56,899 | +€61,907 |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.