Econoholding: 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
Econoholding
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.8m
2024 · €3.8m-€932,110
Equity
€10.8m
2024 · €10.8m+€22,160
Cash
€1.9m
2024 · €12,955+€1.9m
Balance sheet total
€13.6m
2024 · €14.5m-€878,415
Largest movements
Assets
- Current investments -€3.8m
down €3.8m (-100.0%), from €3.8m to €0
- Cash +€1.9m
up €1.9m (+14432.9%), from €12,955 to €1.9m
mainly Current investments (+€3.8m) and Net result for the year (+€2.8m)
- Receivables within one year +€1.0m
up €1.0m (+2393.2%), from €41,916 to €1.0m
of which Other amounts receivable: +€1.0m
Equity and liabilities
- Other debts -€900,000
down €900,000 (-24.3%), from €3.7m to €2.8m
Income statement
- Financial income -€927,019
down €927,019 (-24.5%), from €3.8m to €2.9m
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
€3.8m
Depreciation
+€479
Other operating charges
-€33
Other operating items
-€5,540
Financial income
-€927,019
Financial charges
+€3
Result 2025
€2.8m
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.
From operations
+€919,853
Investment
+€3.8m
Financing
-€2.8m
Cash 2024
€12,955
From operations (derived)
+€919,853
Net result for the year
+€2.8m
Receivables within one year
-€1.0m
Smaller working-capital items
+€814
Other debts
-€900,000
Investment (derived)
+€3.8m
Current investments
+€3.8m
Financing
-€2.8m
Contributions, distributions and other
-€2.8m
Cash 2025
€1.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,474,457 | €13,596,043 | -€878,415 | -6.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €10,665,872 | €10,665,872 | = | 0.0% |
| Financial fixed assets | 28 | €10,665,872 | €10,665,872 | = | 0.0% |
| Affiliated companies | 280/1 | €10,665,872 | €10,665,872 | = | 0.0% |
| Participating interests | 280 | €10,665,872 | €10,665,872 | = | 0.0% |
| Current assets | 29/58 | €3,808,586 | €2,930,171 | -€878,415 | -23.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €41,916 | €1,045,038 | +€1.0m | +2393.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €41,916 | €1,045,038 | +€1.0m | +2393.2% |
| Current investments | 50/53 | €3,750,000 | €0 | -€3.8m | -100.0% |
| Other investments | 51/53 | €3,750,000 | €0 | -€3.8m | -100.0% |
| Cash at bank and in hand | 54/58 | €12,955 | €1,882,808 | +€1.9m | +14432.9% |
| Deferred charges and accrued income | 490/1 | €3,714 | €2,325 | -€1,389 | -37.4% |
| Total equity and liabilities | 10/49 | €14,474,457 | €13,596,043 | -€878,415 | -6.1% |
| Equity | 10/15 | €10,762,831 | €10,784,992 | +€22,160 | +0.2% |
| Contributions | 10/11 | €8,685,900 | €8,685,900 | = | 0.0% |
| Capital | 10 | €8,685,900 | €8,685,900 | = | 0.0% |
| Issued capital | 100 | €8,685,900 | €8,685,900 | = | 0.0% |
| Reserves | 13 | €2,076,931 | €2,099,092 | +€22,160 | +1.1% |
| Non-distributable reserves | 130/1 | €570,588 | €711,696 | +€141,108 | +24.7% |
| Legal reserve | 130 | €570,588 | €711,696 | +€141,108 | +24.7% |
| Distributable reserves | 133 | €1,506,343 | €1,387,396 | -€118,948 | -7.9% |
| Amounts payable | 17/49 | €3,711,626 | €2,811,051 | -€900,575 | -24.3% |
| Amounts payable within one year | 42/48 | €3,701,072 | €2,801,301 | -€899,771 | -24.3% |
| Trade debts | 44 | €1,072 | €1,301 | +€229 | +21.4% |
| Suppliers | 440/4 | €1,072 | €1,301 | +€229 | +21.4% |
| Other amounts payable | 47/48 | €3,700,000 | €2,800,000 | -€900,000 | -24.3% |
| Accrued charges and deferred income | 492/3 | €10,554 | €9,750 | -€804 | -7.6% |
| Operating income | 70/76A | - | €2,702 | +€2,702 | |
| Other operating income | 74 | - | €2,702 | +€2,702 | |
| Operating charges | 60/66A | €35,399 | €43,195 | +€7,795 | +22.0% |
| Services and other goods | 61 | €33,835 | €42,076 | +€8,242 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €479 | €0 | -€479 | -100.0% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Operating profit (loss) | 9901 | -€35,399 | -€40,493 | -€5,093 | -14.4% |
| Financial income | 75/76B | €3,789,726 | €2,862,707 | -€927,019 | -24.5% |
| Recurring financial income | 75 | €3,789,726 | €2,862,707 | -€927,019 | -24.5% |
| Income from financial fixed assets | 750 | €3,694,990 | €2,804,993 | -€889,998 | -24.1% |
| Income from current assets | 751 | €94,736 | €57,715 | -€37,022 | -39.1% |
| Financial charges | 65/66B | €57 | €54 | -€3 | -4.7% |
| Recurring financial charges | 65 | €57 | €54 | -€3 | -4.7% |
| Debt charges | 650 | €0 | - | = | |
| Other financial charges | 652/9 | €57 | €54 | -€3 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €3,754,270 | €2,822,160 | -€932,110 | -24.8% |
| Profit (loss) for the period | 9904 | €3,754,270 | €2,822,160 | -€932,110 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,754,270 | €2,822,160 | -€932,110 | -24.8% |
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 10 October 2026 via checked.be.