ECONAR: what changed
Two fiscal 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.
ECONAR
Largest movements
- Receivables within one year -€1,770
down €1,770 (-79.3%), from €2,232 to €462
of which Trade receivables: -€2,115
- Tangible fixed assets -€353
down €353 (-61.0%), from €579 to €226
of which Plant, machinery and equipment: -€350
- Cash -€338
down €338 (-15.4%), from €2,199 to €1,861
mainly Net result for the year (-€2,138) and Tax, wage and social debts (-€343)
- Profit (loss) carried forward -€2,138
down €2,138, from €440 to -€1,698
- Tax, wage and social debts -€343
no longer reported in 2025 (was €343)
- Trade debts +€64
new in 2025: €64
- Gross operating margin +€3,616
up €3,616 (+70.4%), from -€5,138 to -€1,522
- Depreciation -€233
down €233 (-39.8%), from €586 to €353
- Other operating charges -€182
down €182 (-60.3%), from €302 to €120
- Financial charges +€105
up €105 (+267.9%), from €39 to €144
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 | €5,009 | €2,591 | -€2,418 | -48.3% |
| Fixed assets | 21/28 | €579 | €226 | -€353 | -61.0% |
| Tangible fixed assets | 22/27 | €579 | €226 | -€353 | -61.0% |
| Plant, machinery and equipment | 23 | €576 | €226 | -€350 | -60.7% |
| Furniture and vehicles | 24 | €3 | - | -€3 | |
| Current assets | 29/58 | €4,430 | €2,365 | -€2,065 | -46.6% |
| Amounts receivable within one year | 40/41 | €2,232 | €462 | -€1,770 | -79.3% |
| Trade receivables | 40 | €2,179 | €64 | -€2,115 | -97.1% |
| Other amounts receivable | 41 | €53 | €398 | +€345 | +654.2% |
| Cash at bank and in hand | 54/58 | €2,199 | €1,861 | -€338 | -15.4% |
| Deferred charges and accrued income | 490/1 | - | €43 | +€43 | |
| Total equity and liabilities | 10/49 | €5,009 | €2,591 | -€2,418 | -48.3% |
| Equity | 10/15 | €3,440 | €1,302 | -€2,138 | -62.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | - | -€3,000 | |
| Issued capital | 100 | €3,000 | - | -€3,000 | |
| Profit (loss) carried forward | 14 | €440 | -€1,698 | -€2,138 | |
| Amounts payable | 17/49 | €1,569 | €1,289 | -€280 | -17.8% |
| Amounts payable within one year | 42/48 | €1,569 | €1,289 | -€280 | -17.8% |
| Trade debts | 44 | - | €64 | +€64 | |
| Suppliers | 440/4 | - | €64 | +€64 | |
| Taxes, remuneration and social security | 45 | €343 | - | -€343 | |
| Taxes | 450/3 | €343 | - | -€343 | |
| Other amounts payable | 47/48 | €1,226 | €1,226 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €586 | €353 | -€233 | -39.8% |
| Other operating charges | 640/8 | €302 | €120 | -€182 | -60.3% |
| Gross operating margin | 9900 | -€5,138 | -€1,522 | +€3,616 | +70.4% |
| Operating profit (loss) | 9901 | -€6,026 | -€1,995 | +€4,032 | +66.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €39 | €144 | +€105 | +267.9% |
| Recurring financial charges | 65 | €39 | €144 | +€105 | +267.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,065 | -€2,138 | +€3,927 | +64.7% |
| Profit (loss) for the period | 9904 | -€6,065 | -€2,138 | +€3,927 | +64.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,065 | -€2,138 | +€3,927 | +64.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.