Economax: 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.
Economax
Largest movements
- Tangible fixed assets +€47,190
up €47,190 (+1,781%), from €2,649 to €49,839
of which Furniture and vehicles: +€47,329
- Cash +€13,618
up €13,618 (+142%), from €9,576 to €23,194
mainly Other debts (+€31,126) and Net result for the year (+€27,559)
- Current investments -€3,000
down €3,000 (-2.7%), from €110,000 to €107,000
- Receivables within one year -€2,644
down €2,644 (-35.8%), from €7,393 to €4,749
of which Other amounts receivable: -€1,363
- Other debts +€31,126
up €31,126 (+261%), from €11,918 to €43,044
- Reserves +€27,000
up €27,000 (+35.6%), from €75,775 to €102,775
- Gross operating margin -€18,975
down €18,975 (-28.2%), from €67,201 to €48,227
- Purchases and services -€15,870
no longer reported in 2025 (was €15,870)
- Taxes -€7,343
down €7,343 (-35.5%), from €20,687 to €13,344
- Financial charges +€1,255
up €1,255 (+1,195%), from €105 to €1,360
- Financial income -€917
down €917 (-39.8%), from €2,307 to €1,389
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 | €130,118 | €185,281 | +€55,163 | +42.4% |
| Fixed assets | 21/28 | €3,149 | €50,339 | +€47,190 | +1,499% |
| Tangible fixed assets | 22/27 | €2,649 | €49,839 | +€47,190 | +1,781% |
| Plant, machinery and equipment | 23 | €168 | €28 | -€140 | -83.1% |
| Furniture and vehicles | 24 | €2,481 | €49,810 | +€47,329 | +1,908% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €126,969 | €134,942 | +€7,973 | +6.3% |
| Amounts receivable within one year | 40/41 | €7,393 | €4,749 | -€2,644 | -35.8% |
| Trade receivables | 40 | €4,893 | €3,612 | -€1,281 | -26.2% |
| Other amounts receivable | 41 | €2,500 | €1,137 | -€1,363 | -54.5% |
| Current investments | 50/53 | €110,000 | €107,000 | -€3,000 | -2.7% |
| Cash at bank and in hand | 54/58 | €9,576 | €23,194 | +€13,618 | +142% |
| Total equity and liabilities | 10/49 | €130,118 | €185,281 | +€55,163 | +42.4% |
| Equity | 10/15 | €113,676 | €139,235 | +€25,559 | +22.5% |
| Contributions | 10/11 | €9,826 | €9,826 | = | 0.0% |
| Reserves | 13 | €75,775 | €102,775 | +€27,000 | +35.6% |
| Distributable reserves | 133 | €75,775 | €102,775 | +€27,000 | +35.6% |
| Profit (loss) carried forward | 14 | €28,075 | €26,634 | -€1,441 | -5.1% |
| Amounts payable | 17/49 | €16,442 | €46,046 | +€29,604 | +180% |
| Amounts payable within one year | 42/48 | €16,442 | €46,046 | +€29,604 | +180% |
| Trade debts | 44 | €31 | €145 | +€114 | +368% |
| Suppliers | 440/4 | €31 | €145 | +€114 | +368% |
| Taxes, remuneration and social security | 45 | €4,493 | €2,857 | -€1,636 | -36.4% |
| Taxes | 450/3 | €4,393 | €2,437 | -€1,956 | -44.5% |
| Remuneration and social security | 454/9 | €100 | €420 | +€320 | +320% |
| Other amounts payable | 47/48 | €11,918 | €43,044 | +€31,126 | +261% |
| Goods, raw materials, services and sundry goods | 60/61 | €15,870 | - | -€15,870 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,706 | €6,453 | +€746 | +13.1% |
| Other operating charges | 640/8 | €979 | €901 | -€78 | -8.0% |
| Gross operating margin | 9900 | €67,201 | €48,227 | -€18,975 | -28.2% |
| Operating profit (loss) | 9901 | €60,516 | €40,873 | -€19,643 | -32.5% |
| Financial income | 75/76B | €2,307 | €1,389 | -€917 | -39.8% |
| Recurring financial income | 75 | €2,307 | €1,389 | -€917 | -39.8% |
| Financial charges | 65/66B | €105 | €1,360 | +€1,255 | +1,195% |
| Recurring financial charges | 65 | €105 | €1,360 | +€1,255 | +1,195% |
| Profit (loss) for the period before taxes | 9903 | €62,718 | €40,903 | -€21,816 | -34.8% |
| Income taxes | 67/77 | €20,687 | €13,344 | -€7,343 | -35.5% |
| Profit (loss) for the period | 9904 | €42,032 | €27,559 | -€14,473 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,032 | €27,559 | -€14,473 | -34.4% |
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 24 October 2026 via checked.be.