ECONAD: 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.
ECONAD
Largest movements
- Cash +€15,681
up €15,681 (+20.3%), from €77,183 to €92,865
mainly Net result for the year (+€61,486) and Other debts (+€50,640)
- Receivables within one year +€1,213
up €1,213 (+24.7%), from €4,916 to €6,129
of which Trade receivables: +€1,131
- Other debts +€50,640
up €50,640 (+846.1%), from €5,985 to €56,626
- Profit (loss) carried forward -€41,014
down €41,014 (-85.5%), from €47,960 to €6,946
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Tax, wage and social debts -€4,275
down €4,275 (-19.7%), from €21,672 to €17,398
- Trade debts -€1,366
down €1,366 (-59.7%), from €2,289 to €923
- Gross operating margin -€1,000
down €1,000 (-1.2%), from €85,463 to €84,463
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 | €87,366 | €103,751 | +€16,385 | +18.8% |
| Fixed assets | 21/28 | €4,887 | €4,377 | -€510 | -10.4% |
| Tangible fixed assets | 22/27 | €4,887 | €4,377 | -€510 | -10.4% |
| Plant, machinery and equipment | 23 | €2,035 | €2,100 | +€65 | +3.2% |
| Furniture and vehicles | 24 | €1,859 | €1,402 | -€457 | -24.6% |
| Other tangible fixed assets | 26 | €993 | €875 | -€118 | -11.9% |
| Current assets | 29/58 | €82,479 | €99,374 | +€16,895 | +20.5% |
| Amounts receivable within one year | 40/41 | €4,916 | €6,129 | +€1,213 | +24.7% |
| Trade receivables | 40 | €4,890 | €6,022 | +€1,131 | +23.1% |
| Other amounts receivable | 41 | €26 | €108 | +€82 | +313.9% |
| Cash at bank and in hand | 54/58 | €77,183 | €92,865 | +€15,681 | +20.3% |
| Deferred charges and accrued income | 490/1 | €380 | €380 | +€0 | +0.1% |
| Total equity and liabilities | 10/49 | €87,366 | €103,751 | +€16,385 | +18.8% |
| Equity | 10/15 | €57,420 | €28,806 | -€28,614 | -49.8% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €3,260 | €3,260 | = | 0.0% |
| 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 | €1,400 | €1,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,960 | €6,946 | -€41,014 | -85.5% |
| Amounts payable | 17/49 | €29,946 | €74,946 | +€45,000 | +150.3% |
| Amounts payable within one year | 42/48 | €29,946 | €74,946 | +€45,000 | +150.3% |
| Trade debts | 44 | €2,289 | €923 | -€1,366 | -59.7% |
| Suppliers | 440/4 | €2,289 | €923 | -€1,366 | -59.7% |
| Taxes, remuneration and social security | 45 | €21,672 | €17,398 | -€4,275 | -19.7% |
| Taxes | 450/3 | €21,672 | €17,398 | -€4,275 | -19.7% |
| Other amounts payable | 47/48 | €5,985 | €56,626 | +€50,640 | +846.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,064 | €1,310 | -€754 | -36.5% |
| Other operating charges | 640/8 | €728 | €644 | -€84 | -11.5% |
| Gross operating margin | 9900 | €85,463 | €84,463 | -€1,000 | -1.2% |
| Operating profit (loss) | 9901 | €82,671 | €82,509 | -€162 | -0.2% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €234 | €183 | -€51 | -21.8% |
| Recurring financial charges | 65 | €234 | €183 | -€51 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €82,467 | €82,326 | -€141 | -0.2% |
| Income taxes | 67/77 | €21,179 | €20,840 | -€339 | -1.6% |
| Profit (loss) for the period | 9904 | €61,288 | €61,486 | +€198 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €61,288 | €61,486 | +€198 | +0.3% |
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.