ECONOPOLIS STRATEGY: 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.
ECONOPOLIS STRATEGY
Largest movements
- Current investments -€300,000
down €300,000 (-100%), from €300,000 to €0
- Cash +€237,715
up €237,715 (+71.7%), from €331,530 to €569,245
mainly Current investments (+€300,000) and Receivables within one year (+€81,275)
- Receivables within one year -€81,275
down €81,275 (-20.6%), from €395,129 to €313,854
of which Other amounts receivable: -€87,911
- Deferred charges and accrued income +€32,201
up €32,201 (+169%), from €19,049 to €51,250
- Profit (loss) carried forward +€1.0m
new in 2025: €1.0m
- Reserves -€1.0m
down €1.0m (-98.8%), from €1.0m to €12,600
of which Distributable reserves: -€1.0m
- Accrued charges and deferred income -€123,385
down €123,385 (-56.2%), from €219,626 to €96,240
- Tax, wage and social debts -€38,697
down €38,697 (-37.8%), from €102,406 to €63,708
of which Taxes: -€19,456
- Trade debts +€29,750
up €29,750 (+34.4%), from €86,544 to €116,293
- Financial income -€203,796
down €203,796 (-96.5%), from €211,195 to €7,399
- Services and other goods -€61,968
down €61,968 (-12.9%), from €480,272 to €418,304
- Staff costs +€27,439
up €27,439 (+7.6%), from €360,719 to €388,158
- Other operating income -€14,464
down €14,464 (-12.1%), from €119,829 to €105,365
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 | €1,617,605 | €1,508,600 | -€109,005 | -6.7% |
| Fixed assets | 21/28 | €571,897 | €574,251 | +€2,353 | +0.4% |
| Intangible fixed assets | 21 | €11,924 | €0 | -€11,924 | -100% |
| Tangible fixed assets | 22/27 | €37,774 | €52,051 | +€14,277 | +37.8% |
| Furniture and vehicles | 24 | €37,774 | €52,051 | +€14,277 | +37.8% |
| Financial fixed assets | 28 | €522,200 | €522,200 | = | 0.0% |
| Affiliated companies | 280/1 | €522,200 | €522,200 | = | 0.0% |
| Participating interests | 280 | €522,200 | €522,200 | = | 0.0% |
| Current assets | 29/58 | €1,045,707 | €934,349 | -€111,358 | -10.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €395,129 | €313,854 | -€81,275 | -20.6% |
| Trade receivables | 40 | €198,009 | €204,646 | +€6,637 | +3.4% |
| Other amounts receivable | 41 | €197,119 | €109,208 | -€87,911 | -44.6% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100% |
| Other investments | 51/53 | €300,000 | €0 | -€300,000 | -100% |
| Cash at bank and in hand | 54/58 | €331,530 | €569,245 | +€237,715 | +71.7% |
| Deferred charges and accrued income | 490/1 | €19,049 | €51,250 | +€32,201 | +169% |
| Total equity and liabilities | 10/49 | €1,617,605 | €1,508,600 | -€109,005 | -6.7% |
| Equity | 10/15 | €1,152,505 | €1,174,858 | +€22,353 | +1.9% |
| Contributions | 10/11 | €126,000 | €126,000 | = | 0.0% |
| Capital | 10 | €126,000 | €126,000 | = | 0.0% |
| Issued capital | 100 | €126,000 | €126,000 | = | 0.0% |
| Reserves | 13 | €1,026,505 | €12,600 | -€1.0m | -98.8% |
| Non-distributable reserves | 130/1 | €12,600 | €12,600 | = | 0.0% |
| Legal reserve | 130 | €12,600 | €12,600 | = | 0.0% |
| Distributable reserves | 133 | €1,013,905 | €0 | -€1.0m | -100% |
| Profit (loss) carried forward | 14 | - | €1,036,258 | +€1.0m | |
| Amounts payable | 17/49 | €465,100 | €333,742 | -€131,358 | -28.2% |
| Amounts payable within one year | 42/48 | €245,474 | €237,502 | -€7,973 | -3.2% |
| Trade debts | 44 | €86,544 | €116,293 | +€29,750 | +34.4% |
| Suppliers | 440/4 | €86,544 | €116,293 | +€29,750 | +34.4% |
| Taxes, remuneration and social security | 45 | €102,406 | €63,708 | -€38,697 | -37.8% |
| Taxes | 450/3 | €36,773 | €17,316 | -€19,456 | -52.9% |
| Remuneration and social security | 454/9 | €65,633 | €46,392 | -€19,241 | -29.3% |
| Other amounts payable | 47/48 | €56,525 | €57,500 | +€975 | +1.7% |
| Accrued charges and deferred income | 492/3 | €219,626 | €96,240 | -€123,385 | -56.2% |
| Operating income | 70/76A | €959,332 | €932,479 | -€26,854 | -2.8% |
| Turnover | 70 | €826,665 | €827,114 | +€449 | +0.1% |
| Other operating income | 74 | €119,829 | €105,365 | -€14,464 | -12.1% |
| Non-recurring operating income | 76A | €12,838 | €0 | -€12,838 | -100% |
| Operating charges | 60/66A | €884,103 | €844,465 | -€39,638 | -4.5% |
| Services and other goods | 61 | €480,272 | €418,304 | -€61,968 | -12.9% |
| Remuneration, social security and pensions | 62 | €360,719 | €388,158 | +€27,439 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,688 | €36,541 | -€5,147 | -12.3% |
| Other operating charges | 640/8 | €1,423 | €1,461 | +€38 | +2.7% |
| Operating profit (loss) | 9901 | €75,230 | €88,014 | +€12,784 | +17.0% |
| Financial income | 75/76B | €211,195 | €7,399 | -€203,796 | -96.5% |
| Recurring financial income | 75 | €211,195 | €7,399 | -€203,796 | -96.5% |
| Income from financial fixed assets | 750 | €200,000 | €0 | -€200,000 | -100% |
| Income from current assets | 751 | €11,099 | €7,397 | -€3,702 | -33.4% |
| Other financial income | 752/9 | €96 | €1 | -€94 | -98.5% |
| Financial charges | 65/66B | €152 | €176 | +€24 | +15.7% |
| Recurring financial charges | 65 | €152 | €176 | +€24 | +15.7% |
| Debt charges | 650 | €16 | €0 | -€16 | -100% |
| Other financial charges | 652/9 | €137 | €176 | +€40 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €286,272 | €95,236 | -€191,036 | -66.7% |
| Income taxes | 67/77 | €15,074 | €15,383 | +€309 | +2.1% |
| Taxes | 670/3 | €15,074 | €15,383 | +€309 | +2.1% |
| Profit (loss) for the period | 9904 | €271,199 | €79,853 | -€191,345 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €271,199 | €79,853 | -€191,345 | -70.6% |
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 13 October 2026 via checked.be.