ECONOSA: what changed
Two fiscal 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
ECONOSA
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€102,284
2024 · €210,362-€108,079
Equity
€701,916
2024 · €701,142+€774
Cash
€103,411
2024 · €53,715+€49,696
Balance sheet total
€1.1m
2024 · €1.1m+€6,180
Largest movements
Assets
- Cash +€49,696
up €49,696 (+92.5%), from €53,715 to €103,411
mainly Net result for the year (+€102,284) and Depreciation (+€50,134)
- Tangible fixed assets -€35,226
down €35,226 (-3.8%), from €935,781 to €900,555
of which Land and buildings: -€26,324
- Deferred charges and accrued income -€16,971
down €16,971 (-35.5%), from €47,795 to €30,824
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€144,343
down €144,343 (-39.9%), from €361,782 to €217,439
- Taxes +€9,597
up €9,597 (+23.6%), from €40,711 to €50,308
- Financial charges -€4,542
down €4,542 (-34.1%), from €13,323 to €8,781
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
€210,362
Gross operating margin
-€144,343
Depreciation
-€2,983
Other operating charges
+€172
Financial income
+€171
Financial charges
+€4,542
Taxes
-€9,597
Deferred taxes and other
+€43,960
Result 2025
€102,284
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
+€166,114
Investment
-€14,908
Financing
-€101,510
Cash 2024
€53,715
From operations (derived)
+€166,114
Net result for the year
+€102,284
Depreciation
+€50,134
Receivables within one year
-€8,681
Deferred charges and accrued income
+€16,971
Provisions
-€1,334
Trade debts
-€654
Tax, wage and social debts
-€1,604
Other debts
+€8,945
Accrued charges and deferred income
+€53
Investment (derived)
-€14,908
Investment in fixed assets (net)
-€14,908
Financing
-€101,510
Contributions, distributions and other
-€101,510
Cash 2025
€103,411
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,051,240 | €1,057,419 | +€6,180 | +0.6% |
| Fixed assets | 21/28 | €942,990 | €907,764 | -€35,226 | -3.7% |
| Tangible fixed assets | 22/27 | €935,781 | €900,555 | -€35,226 | -3.8% |
| Land and buildings | 22 | €851,439 | €825,115 | -€26,324 | -3.1% |
| Plant, machinery and equipment | 23 | €41,922 | €34,334 | -€7,588 | -18.1% |
| Furniture and vehicles | 24 | €18,602 | €13,735 | -€4,868 | -26.2% |
| Other tangible fixed assets | 26 | €23,818 | €27,372 | +€3,553 | +14.9% |
| Financial fixed assets | 28 | €7,209 | €7,209 | = | 0.0% |
| Current assets | 29/58 | €108,250 | €149,655 | +€41,406 | +38.3% |
| Amounts receivable within one year | 40/41 | €6,739 | €15,420 | +€8,681 | +128.8% |
| Trade receivables | 40 | - | €15 | +€15 | |
| Other amounts receivable | 41 | €6,739 | €15,405 | +€8,666 | +128.6% |
| Cash at bank and in hand | 54/58 | €53,715 | €103,411 | +€49,696 | +92.5% |
| Deferred charges and accrued income | 490/1 | €47,795 | €30,824 | -€16,971 | -35.5% |
| Total equity and liabilities | 10/49 | €1,051,240 | €1,057,419 | +€6,180 | +0.6% |
| Equity | 10/15 | €701,142 | €701,916 | +€774 | +0.1% |
| Contributions | 10/11 | €73,830 | €73,830 | = | 0.0% |
| Reserves | 13 | €627,312 | €628,086 | +€774 | +0.1% |
| Non-distributable reserves | 130/1 | €20,100 | €20,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,100 | €20,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €149,123 | €145,120 | -€4,003 | -2.7% |
| Distributable reserves | 133 | €458,089 | €462,866 | +€4,777 | +1.0% |
| Provisions and deferred taxes | 16 | €42,626 | €41,292 | -€1,334 | -3.1% |
| Deferred taxes | 168 | €42,626 | €41,292 | -€1,334 | -3.1% |
| Amounts payable | 17/49 | €307,472 | €314,211 | +€6,740 | +2.2% |
| Amounts payable after more than one year | 17 | €120,000 | €120,000 | = | 0.0% |
| Other amounts payable | 178/9 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €187,440 | €194,127 | +€6,687 | +3.6% |
| Trade debts | 44 | €2,160 | €1,506 | -€654 | -30.3% |
| Suppliers | 440/4 | €2,160 | €1,506 | -€654 | -30.3% |
| Taxes, remuneration and social security | 45 | €21,366 | €19,762 | -€1,604 | -7.5% |
| Taxes | 450/3 | €21,366 | €19,762 | -€1,604 | -7.5% |
| Other amounts payable | 47/48 | €163,914 | €172,859 | +€8,945 | +5.5% |
| Accrued charges and deferred income | 492/3 | €32 | €84 | +€53 | +165.1% |
| Non-recurring operating income | 76A | €187,592 | €6,408 | -€181,184 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,151 | €50,134 | +€2,983 | +6.3% |
| Other operating charges | 640/8 | €7,719 | €7,548 | -€172 | -2.2% |
| Gross operating margin | 9900 | €361,782 | €217,439 | -€144,343 | -39.9% |
| Operating profit (loss) | 9901 | €306,912 | €159,757 | -€147,155 | -47.9% |
| Financial income | 75/76B | €110 | €281 | +€171 | +155.8% |
| Recurring financial income | 75 | €110 | €281 | +€171 | +155.8% |
| Financial charges | 65/66B | €13,323 | €8,781 | -€4,542 | -34.1% |
| Recurring financial charges | 65 | €13,323 | €8,781 | -€4,542 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €293,700 | €151,258 | -€142,442 | -48.5% |
| Transfer from deferred taxes | 780 | €4,272 | €1,334 | -€2,938 | -68.8% |
| Transfer to deferred taxes | 680 | €46,898 | - | -€46,898 | |
| Income taxes | 67/77 | €40,711 | €50,308 | +€9,597 | +23.6% |
| Profit (loss) for the period | 9904 | €210,362 | €102,284 | -€108,079 | -51.4% |
| Transfer from tax-exempt reserves | 789 | €12,815 | €4,003 | -€8,813 | -68.8% |
| Transfer to tax-exempt reserves | 689 | €140,694 | - | -€140,694 | |
| Profit (loss) for the period to be appropriated | 9905 | €82,484 | €106,286 | +€23,803 | +28.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.