ECONOCOM FINANCE: 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
ECONOCOM FINANCE
NACE 64.110, Financial service activities, except insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.4m
2024 · €3.7m-€308,967
Equity
€169.3m
2024 · €168.9m+€393,021
Cash
€353.4m
2024 · €206.3m+€147.1m
Balance sheet total
€948.1m
2024 · €857.9m+€90.2m
Largest movements
Assets
- Cash +€147.1m
up €147.1m (+71.3%), from €206.3m to €353.4m
mainly Short-term financial debts (+€111.1m) and Receivables within one year (+€107.1m)
- Receivables within one year -€107.1m
down €107.1m (-32.7%), from €327.1m to €220.0m
of which Other amounts receivable: -€107.4m
- Financial fixed assets +€49.8m
up €49.8m (+15.4%), from €323.9m to €373.7m
Equity and liabilities
- Short-term financial debts +€111.1m
up €111.1m (+21.6%), from €515.0m to €626.1m
- Debts after one year -€17.8m
down €17.8m (-13.6%), from €131.2m to €113.4m
Income statement
- Financial charges -€10.4m
down €10.4m (-37.4%), from €27.7m to €17.3m
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.
Result 2024
€3.7m
Staff costs
+€162,066
Depreciation
-€410
Write-downs
-€1,793
Other operating charges
+€81,372
Other operating items
+€135,457
Financial income
-€8.6m
Financial charges
+€10.4m
Taxes
-€2.4m
Result 2025
€3.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€109.6m
Investment
-€49.8m
Financing
+€87.4m
Cash 2024
€206.3m
From operations (derived)
+€109.6m
Net result for the year
+€3.4m
Depreciation
+€1,628
Receivables within one year
+€107.1m
Deferred charges and accrued income
-€295,662
Smaller working-capital items
-€176,745
Tax, wage and social debts
-€415,762
Investment (derived)
-€49.8m
Investment in fixed assets (net)
-€49.8m
Current investments
-€201
Financing
+€87.4m
Debts after one year
-€17.8m
Current portion of long-term debt
-€2.9m
Short-term financial debts
+€111.1m
Contributions, distributions and other
-€3.0m
Cash 2025
€353.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €857,878,974 | €948,059,295 | +€90.2m | +10.5% |
| Fixed assets | 21/28 | €323,886,978 | €373,723,373 | +€49.8m | +15.4% |
| Tangible fixed assets | 22/27 | €3,150 | €1,522 | -€1,628 | -51.7% |
| Plant, machinery and equipment | 23 | €3,150 | €1,522 | -€1,628 | -51.7% |
| Financial fixed assets | 28 | €323,883,828 | €373,721,851 | +€49.8m | +15.4% |
| Affiliated companies | 280/1 | €323,883,828 | €373,721,851 | +€49.8m | +15.4% |
| Participating interests | 280 | €60,000,000 | €60,000,000 | = | 0.0% |
| Amounts receivable | 281 | €263,883,828 | €313,721,851 | +€49.8m | +18.9% |
| Current assets | 29/58 | €533,991,996 | €574,335,922 | +€40.3m | +7.6% |
| Amounts receivable within one year | 40/41 | €327,121,031 | €220,026,391 | -€107.1m | -32.7% |
| Trade receivables | 40 | €793,964 | €1,087,281 | +€293,317 | +36.9% |
| Other amounts receivable | 41 | €326,327,067 | €218,939,110 | -€107.4m | -32.9% |
| Current investments | 50/53 | €8,568 | €8,769 | +€201 | +2.3% |
| Other investments | 51/53 | €8,568 | €8,769 | +€201 | +2.3% |
| Cash at bank and in hand | 54/58 | €206,268,443 | €353,411,147 | +€147.1m | +71.3% |
| Deferred charges and accrued income | 490/1 | €593,953 | €889,616 | +€295,662 | +49.8% |
| Total equity and liabilities | 10/49 | €857,878,974 | €948,059,295 | +€90.2m | +10.5% |
| Equity | 10/15 | €168,929,344 | €169,322,365 | +€393,021 | +0.2% |
| Contributions | 10/11 | €148,001,000 | €148,001,000 | = | 0.0% |
| Capital | 10 | €148,001,000 | €148,001,000 | = | 0.0% |
| Issued capital | 100 | €148,001,000 | €148,001,000 | = | 0.0% |
| Reserves | 13 | €496,390 | €666,041 | +€169,651 | +34.2% |
| Non-distributable reserves | 130/1 | €496,390 | €666,041 | +€169,651 | +34.2% |
| Legal reserve | 130 | €496,390 | €666,041 | +€169,651 | +34.2% |
| Profit (loss) carried forward | 14 | €20,431,954 | €20,655,324 | +€223,370 | +1.1% |
| Amounts payable | 17/49 | €688,949,630 | €778,736,930 | +€89.8m | +13.0% |
| Amounts payable after more than one year | 17 | €131,172,924 | €113,386,120 | -€17.8m | -13.6% |
| Financial debts | 170/4 | €131,172,924 | €113,386,120 | -€17.8m | -13.6% |
| Credit institutions | 173 | €131,172,924 | €113,386,120 | -€17.8m | -13.6% |
| Amounts payable within one year | 42/48 | €557,352,263 | €664,885,333 | +€107.5m | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €40,024,948 | €37,133,545 | -€2.9m | -7.2% |
| Financial debts | 43 | €515,020,677 | €626,078,690 | +€111.1m | +21.6% |
| Other loans | 439 | €515,020,677 | €626,078,690 | +€111.1m | +21.6% |
| Trade debts | 44 | €695,458 | €477,679 | -€217,779 | -31.3% |
| Suppliers | 440/4 | €695,458 | €477,679 | -€217,779 | -31.3% |
| Taxes, remuneration and social security | 45 | €1,611,180 | €1,195,418 | -€415,762 | -25.8% |
| Taxes | 450/3 | €1,509,132 | €1,144,881 | -€364,251 | -24.1% |
| Remuneration and social security | 454/9 | €102,048 | €50,537 | -€51,510 | -50.5% |
| Accrued charges and deferred income | 492/3 | €424,444 | €465,477 | +€41,033 | +9.7% |
| Operating income | 70/76A | €80,177 | €16,884 | -€63,293 | -78.9% |
| Other operating income | 74 | €80,177 | €16,884 | -€63,293 | -78.9% |
| Operating charges | 60/66A | €1,183,332 | €743,347 | -€439,984 | -37.2% |
| Services and other goods | 61 | €538,319 | €339,569 | -€198,749 | -36.9% |
| Remuneration, social security and pensions | 62 | €484,668 | €322,602 | -€162,066 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,218 | €1,628 | +€410 | +33.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,793 | - | +€1,793 | |
| Other operating charges | 640/8 | €160,920 | €79,548 | -€81,372 | -50.6% |
| Operating profit (loss) | 9901 | -€1,103,155 | -€726,463 | +€376,692 | +34.1% |
| Financial income | 75/76B | €32,756,132 | €24,112,460 | -€8.6m | -26.4% |
| Recurring financial income | 75 | €32,756,132 | €24,112,460 | -€8.6m | -26.4% |
| Income from financial fixed assets | 750 | €15,525,231 | €14,726,080 | -€799,151 | -5.1% |
| Income from current assets | 751 | €15,197,566 | €7,831,540 | -€7.4m | -48.5% |
| Other financial income | 752/9 | €2,033,335 | €1,554,840 | -€478,495 | -23.5% |
| Financial charges | 65/66B | €27,675,821 | €17,316,761 | -€10.4m | -37.4% |
| Recurring financial charges | 65 | €27,675,821 | €17,316,761 | -€10.4m | -37.4% |
| Debt charges | 650 | €26,145,214 | €16,550,328 | -€9.6m | -36.7% |
| Other financial charges | 652/9 | €1,530,607 | €766,432 | -€764,174 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €3,977,156 | €6,069,236 | +€2.1m | +52.6% |
| Income taxes | 67/77 | €275,168 | €2,676,215 | +€2.4m | +873% |
| Taxes | 670/3 | €1,503,475 | €3,083,935 | +€1.6m | +105% |
| Tax adjustments and reversals of tax provisions | 77 | €1,228,307 | €407,719 | -€820,587 | -66.8% |
| Profit (loss) for the period | 9904 | €3,701,988 | €3,393,021 | -€308,967 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,701,988 | €3,393,021 | -€308,967 | -8.3% |
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 30 October 2026 via checked.be.