ECONOBEL: 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.
ECONOBEL
Largest movements
- Current investments +€6,575
up €6,575 (+5.0%), from €131,669 to €138,244
- Reserves +€6,600
up €6,600 (+8.3%), from €80,000 to €86,600
- Profit (loss) carried forward -€3,184
down €3,184 (-98.7%), from €3,226 to €42
- Gross operating margin -€17,943
down €17,943 (-83.4%), from €21,514 to €3,570
- Financial charges +€7,407
up €7,407 (+274%), from €2,705 to €10,112
- Financial income +€7,213
up €7,213 (+91.5%), from €7,882 to €15,095
- Taxes -€2,674
down €2,674 (-37.6%), from €7,106 to €4,432
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 | €135,770 | €140,428 | +€4,658 | +3.4% |
| Fixed assets | 21/28 | €279 | €193 | -€86 | -30.8% |
| Tangible fixed assets | 22/27 | €279 | €193 | -€86 | -30.8% |
| Plant, machinery and equipment | 23 | €279 | €193 | -€86 | -30.8% |
| Current assets | 29/58 | €135,491 | €140,234 | +€4,744 | +3.5% |
| Amounts receivable within one year | 40/41 | €2,280 | €1,644 | -€636 | -27.9% |
| Trade receivables | 40 | €1,820 | €1,284 | -€536 | -29.5% |
| Other amounts receivable | 41 | €460 | €360 | -€100 | -21.7% |
| Current investments | 50/53 | €131,669 | €138,244 | +€6,575 | +5.0% |
| Cash at bank and in hand | 54/58 | €1,542 | €347 | -€1,195 | -77.5% |
| Total equity and liabilities | 10/49 | €135,770 | €140,428 | +€4,658 | +3.4% |
| Equity | 10/15 | €101,826 | €105,242 | +€3,416 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,000 | €86,600 | +€6,600 | +8.3% |
| Distributable reserves | 133 | €80,000 | €86,600 | +€6,600 | +8.3% |
| Profit (loss) carried forward | 14 | €3,226 | €42 | -€3,184 | -98.7% |
| Amounts payable | 17/49 | €33,943 | €35,185 | +€1,242 | +3.7% |
| Amounts payable within one year | 42/48 | €33,943 | €35,185 | +€1,242 | +3.7% |
| Trade debts | 44 | €132 | €95 | -€37 | -28.2% |
| Suppliers | 440/4 | €132 | €95 | -€37 | -28.2% |
| Taxes, remuneration and social security | 45 | €424 | €399 | -€25 | -5.9% |
| Taxes | 450/3 | €424 | €399 | -€25 | -5.9% |
| Other amounts payable | 47/48 | €33,387 | €34,691 | +€1,304 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86 | €86 | = | 0.0% |
| Other operating charges | 640/8 | €602 | €619 | +€17 | +2.8% |
| Gross operating margin | 9900 | €21,514 | €3,570 | -€17,943 | -83.4% |
| Operating profit (loss) | 9901 | €20,826 | €2,865 | -€17,960 | -86.2% |
| Financial income | 75/76B | €7,882 | €15,095 | +€7,213 | +91.5% |
| Recurring financial income | 75 | €7,882 | €15,095 | +€7,213 | +91.5% |
| Financial charges | 65/66B | €2,705 | €10,112 | +€7,407 | +274% |
| Recurring financial charges | 65 | €2,705 | €10,112 | +€7,407 | +274% |
| Profit (loss) for the period before taxes | 9903 | €26,003 | €7,849 | -€18,154 | -69.8% |
| Income taxes | 67/77 | €7,106 | €4,432 | -€2,674 | -37.6% |
| Profit (loss) for the period | 9904 | €18,896 | €3,416 | -€15,480 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,896 | €3,416 | -€15,480 | -81.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.