ECONAN: 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.
What changed
ECONAN
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€471,062
2023 · €523,006-€51,944
Equity
€1.3m
2023 · €875,957+€471,062
Cash
€1.6m
2023 · €1.6m-€48,061
Balance sheet total
€5.2m
2023 · €5.0m+€178,189
Largest movements
Assets
- Receivables within one year +€212,437
up €212,437 (+60.3%), from €352,127 to €564,564
of which Trade receivables: +€238,390
- Stocks and contracts +€107,810
up €107,810 (+17.6%), from €613,802 to €721,613
- Tangible fixed assets -€81,761
down €81,761 (-3.4%), from €2.4m to €2.3m
of which Furniture and vehicles: -€153,642
Equity and liabilities
- Profit (loss) carried forward +€471,062
up €471,062, from -€132,520 to €338,542
- Trade debts -€385,690
down €385,690 (-23.2%), from €1.7m to €1.3m
- Current portion of long-term debt +€71,056
up €71,056 (+18.9%), from €376,833 to €447,889
- Tax, wage and social debts +€61,249
up €61,249 (+17.3%), from €354,174 to €415,424
of which Remuneration and social security: +€51,138
Income statement
- Staff costs +€90,723
up €90,723 (+6.4%), from €1.4m to €1.5m
- Gross operating margin +€71,499
up €71,499 (+2.6%), from €2.8m to €2.8m
- Other operating charges +€34,944
up €34,944 (+63.3%), from €55,192 to €90,136
- Financial charges +€32,873
up €32,873 (+24.2%), from €135,583 to €168,456
of which Financial charges: +€32,056
From the 2023 result to the 2024 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.
Result 2023
€523,006
Gross operating margin
+€71,499
Staff costs
-€90,723
Depreciation
-€10,199
Other operating charges
-€34,944
Other operating items
-€4,591
Financial income
+€26,608
Financial charges
-€32,873
Taxes
+€23,281
Result 2024
€471,062
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€241,609
Investment
-€367,606
Financing
+€77,936
Cash 2023
€1.6m
From operations (derived)
+€241,609
Net result for the year
+€471,062
Depreciation
+€459,991
Stocks and contracts
-€107,810
Receivables within one year
-€212,437
Deferred charges and accrued income
+€1,612
Trade debts
-€385,690
Tax, wage and social debts
+€61,249
Other debts
-€28,273
Accrued charges and deferred income
-€18,095
Investment (derived)
-€367,606
Investment in fixed assets (net)
-€367,606
Financing
+€77,936
Debts after one year
+€27,174
Current portion of long-term debt
+€71,056
Short-term financial debts
-€20,293
Cash 2024
€1.6m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,015,796 | €5,193,985 | +€178,189 | +3.6% |
| Formation expenses | 20 | €1,157 | - | -€1,157 | |
| Fixed assets | 21/28 | €2,381,974 | €2,290,746 | -€91,228 | -3.8% |
| Tangible fixed assets | 22/27 | €2,372,305 | €2,290,544 | -€81,761 | -3.4% |
| Land and buildings | 22 | €1,333,988 | €1,271,150 | -€62,838 | -4.7% |
| Plant, machinery and equipment | 23 | €555,589 | €690,308 | +€134,719 | +24.2% |
| Furniture and vehicles | 24 | €482,728 | €329,085 | -€153,642 | -31.8% |
| Financial fixed assets | 28 | €9,669 | €202 | -€9,467 | -97.9% |
| Current assets | 29/58 | €2,632,665 | €2,903,240 | +€270,574 | +10.3% |
| Stocks and contracts in progress | 3 | €613,802 | €721,613 | +€107,810 | +17.6% |
| Stocks | 30/36 | €613,802 | €721,613 | +€107,810 | +17.6% |
| Amounts receivable within one year | 40/41 | €352,127 | €564,564 | +€212,437 | +60.3% |
| Trade receivables | 40 | €198,916 | €437,307 | +€238,390 | +119.8% |
| Other amounts receivable | 41 | €153,211 | €127,257 | -€25,954 | -16.9% |
| Cash at bank and in hand | 54/58 | €1,639,848 | €1,591,787 | -€48,061 | -2.9% |
| Deferred charges and accrued income | 490/1 | €26,888 | €25,276 | -€1,612 | -6.0% |
| Total equity and liabilities | 10/49 | €5,015,796 | €5,193,985 | +€178,189 | +3.6% |
| Equity | 10/15 | €875,957 | €1,347,019 | +€471,062 | +53.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €946,477 | €946,477 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,671 | €4,671 | = | 0.0% |
| Distributable reserves | 133 | €935,606 | €935,606 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,520 | €338,542 | +€471,062 | |
| Amounts payable | 17/49 | €4,139,839 | €3,846,966 | -€292,873 | -7.1% |
| Amounts payable after more than one year | 17 | €1,236,305 | €1,263,478 | +€27,174 | +2.2% |
| Financial debts | 170/4 | €1,232,512 | €1,259,686 | +€27,174 | +2.2% |
| Other amounts payable | 178/9 | €3,793 | €3,793 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,860,058 | €2,558,106 | -€301,952 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €376,833 | €447,889 | +€71,056 | +18.9% |
| Financial debts | 43 | €159,293 | €139,000 | -€20,293 | -12.7% |
| Credit institutions | 430/8 | €159,293 | €139,000 | -€20,293 | -12.7% |
| Trade debts | 44 | €1,662,944 | €1,277,253 | -€385,690 | -23.2% |
| Suppliers | 440/4 | €1,662,944 | €1,277,253 | -€385,690 | -23.2% |
| Taxes, remuneration and social security | 45 | €354,174 | €415,424 | +€61,249 | +17.3% |
| Taxes | 450/3 | €192,710 | €202,821 | +€10,111 | +5.2% |
| Remuneration and social security | 454/9 | €161,464 | €212,603 | +€51,138 | +31.7% |
| Other amounts payable | 47/48 | €306,813 | €278,540 | -€28,273 | -9.2% |
| Accrued charges and deferred income | 492/3 | €43,477 | €25,382 | -€18,095 | -41.6% |
| Non-recurring operating income | 76A | €1,133 | €6,443 | +€5,310 | +468.8% |
| Remuneration, social security and pensions | 62 | €1,412,602 | €1,503,325 | +€90,723 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €449,792 | €459,991 | +€10,199 | +2.3% |
| Other operating charges | 640/8 | €55,192 | €90,136 | +€34,944 | +63.3% |
| Non-recurring operating charges | 66A | €4,169 | €8,761 | +€4,591 | +110.1% |
| Gross operating margin | 9900 | €2,770,914 | €2,842,412 | +€71,499 | +2.6% |
| Operating profit (loss) | 9901 | €849,159 | €780,200 | -€68,959 | -8.1% |
| Financial income | 75/76B | €705 | €27,313 | +€26,608 | +3771.5% |
| Recurring financial income | 75 | €705 | €13,615 | +€12,910 | +1829.9% |
| Non-recurring financial income | 76B | - | €13,698 | +€13,698 | |
| Financial charges | 65/66B | €135,583 | €168,456 | +€32,873 | +24.2% |
| Recurring financial charges | 65 | €125,119 | €157,174 | +€32,056 | +25.6% |
| Non-recurring financial charges | 66B | €10,464 | €11,282 | +€818 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €714,281 | €639,056 | -€75,225 | -10.5% |
| Income taxes | 67/77 | €191,275 | €167,994 | -€23,281 | -12.2% |
| Profit (loss) for the period | 9904 | €523,006 | €471,062 | -€51,944 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €523,006 | €471,062 | -€51,944 | -9.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.