ECONAT: 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.
ECONAT
Largest movements
- Cash -€3,297
down €3,297 (-61.7%), from €5,344 to €2,046
mainly Investment in fixed assets (net) (-€8,264) and Net result for the year (-€5,169)
- Receivables within one year +€2,246
up €2,246 (+138.5%), from €1,622 to €3,869
of which Trade receivables: +€2,615
- Tangible fixed assets +€1,667
up €1,667 (+8.1%), from €20,632 to €22,299
of which Plant, machinery and equipment: +€6,889
- Deferred charges and accrued income +€462
new in 2025: €462
- Other debts +€10,117
up €10,117 (+4.1%), from €245,403 to €255,521
- Profit (loss) carried forward -€5,169
down €5,169 (-2.0%), from -€261,139 to -€266,307
- Trade debts -€4,576
down €4,576 (-77.2%), from €5,929 to €1,352
- Tax, wage and social debts +€639
up €639 (+289.9%), from €221 to €860
- Gross operating margin +€4,383
up €4,383, from -€2,088 to €2,295
- Depreciation +€2,375
up €2,375 (+56.2%), from €4,222 to €6,597
- Write-downs -€2,063
down €2,063, from €1,031 to -€1,031
- Other operating charges +€928
up €928 (+111.0%), from €836 to €1,764
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 | €27,598 | €28,677 | +€1,079 | +3.9% |
| Fixed assets | 21/28 | €20,632 | €22,299 | +€1,667 | +8.1% |
| Tangible fixed assets | 22/27 | €20,632 | €22,299 | +€1,667 | +8.1% |
| Land and buildings | 22 | €4,958 | €4,958 | -€0 | 0.0% |
| Plant, machinery and equipment | 23 | €3,076 | €9,966 | +€6,889 | +223.9% |
| Furniture and vehicles | 24 | €12,598 | €7,376 | -€5,222 | -41.5% |
| Current assets | 29/58 | €6,966 | €6,377 | -€589 | -8.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,622 | €3,869 | +€2,246 | +138.5% |
| Trade receivables | 40 | €1,254 | €3,869 | +€2,615 | +208.5% |
| Other amounts receivable | 41 | €368 | €0 | -€368 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,344 | €2,046 | -€3,297 | -61.7% |
| Deferred charges and accrued income | 490/1 | - | €462 | +€462 | |
| Total equity and liabilities | 10/49 | €27,598 | €28,677 | +€1,079 | +3.9% |
| Equity | 10/15 | -€223,955 | -€229,123 | -€5,169 | -2.3% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€261,139 | -€266,307 | -€5,169 | -2.0% |
| Amounts payable | 17/49 | €251,553 | €257,800 | +€6,247 | +2.5% |
| Amounts payable within one year | 42/48 | €251,553 | €257,733 | +€6,180 | +2.5% |
| Trade debts | 44 | €5,929 | €1,352 | -€4,576 | -77.2% |
| Suppliers | 440/4 | €5,929 | €1,352 | -€4,576 | -77.2% |
| Taxes, remuneration and social security | 45 | €221 | €860 | +€639 | +289.9% |
| Taxes | 450/3 | €221 | €860 | +€639 | +289.9% |
| Other amounts payable | 47/48 | €245,403 | €255,521 | +€10,117 | +4.1% |
| Accrued charges and deferred income | 492/3 | - | €67 | +€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,222 | €6,597 | +€2,375 | +56.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,031 | -€1,031 | -€2,063 | |
| Other operating charges | 640/8 | €836 | €1,764 | +€928 | +111.0% |
| Non-recurring operating charges | 66A | €2,539 | €0 | -€2,539 | -100.0% |
| Gross operating margin | 9900 | -€2,088 | €2,295 | +€4,383 | |
| Operating profit (loss) | 9901 | -€10,717 | -€5,035 | +€5,682 | +53.0% |
| Financial income | 75/76B | €1 | €4 | +€2 | +183.6% |
| Recurring financial income | 75 | €1 | €4 | +€2 | +183.6% |
| Financial charges | 65/66B | €59 | €61 | +€2 | +3.8% |
| Recurring financial charges | 65 | €59 | €61 | +€2 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,775 | -€5,093 | +€5,682 | +52.7% |
| Income taxes | 67/77 | €74 | €76 | +€2 | +2.5% |
| Profit (loss) for the period | 9904 | -€10,849 | -€5,169 | +€5,680 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,849 | -€5,169 | +€5,680 | +52.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.