ECONOW: 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.
ECONOW
Largest movements
- Cash +€46,241
up €46,241 (+856%), from €5,403 to €51,644
mainly Net result for the year (+€52,936) and Other debts (+€4,006)
- Tangible fixed assets +€22,343
new in 2025: €22,343
- Receivables within one year -€3,072
down €3,072 (-38.7%), from €7,936 to €4,864
of which Trade receivables: -€3,072
- Receivables after one year -€2,801
no longer reported in 2025 (was €2,801)
- Profit (loss) carried forward +€40,127
up €40,127, from -€40,110 to €17
- Reserves +€12,809
up €12,809 (+147%), from €8,691 to €21,500
of which Distributable reserves: +€16,909
- Other debts +€4,006
up €4,006 (+684%), from €586 to €4,592
- Tax, wage and social debts +€3,911
up €3,911 (+110%), from €3,544 to €7,455
of which Taxes: +€5,911
- Trade debts +€1,899
up €1,899 (+73.0%), from €2,601 to €4,500
- Gross operating margin +€60,206
up €60,206 (+3,635%), from €1,656 to €61,862
- Taxes +€3,107
new in 2025: €3,107
- Other operating charges +€2,971
up €2,971 (+555%), from €536 to €3,507
- Depreciation +€2,313
new in 2025: €2,313
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 | €16,214 | €78,966 | +€62,752 | +387% |
| Fixed assets | 21/28 | €74 | €22,458 | +€22,384 | +30,098% |
| Tangible fixed assets | 22/27 | - | €22,343 | +€22,343 | |
| Furniture and vehicles | 24 | - | €22,343 | +€22,343 | |
| Financial fixed assets | 28 | €74 | €115 | +€41 | +54.6% |
| Current assets | 29/58 | €16,140 | €56,508 | +€40,368 | +250% |
| Amounts receivable after more than one year | 29 | €2,801 | - | -€2,801 | |
| Trade receivables | 290 | €2,801 | - | -€2,801 | |
| Amounts receivable within one year | 40/41 | €7,936 | €4,864 | -€3,072 | -38.7% |
| Trade receivables | 40 | €7,877 | €4,805 | -€3,072 | -39.0% |
| Other amounts receivable | 41 | €58 | €58 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,403 | €51,644 | +€46,241 | +856% |
| Total equity and liabilities | 10/49 | €16,214 | €78,966 | +€62,752 | +387% |
| Equity | 10/15 | €9,483 | €62,420 | +€52,936 | +558% |
| Contributions | 10/11 | €40,902 | €40,902 | = | 0.0% |
| Reserves | 13 | €8,691 | €21,500 | +€12,809 | +147% |
| Non-distributable reserves | 130/1 | €4,100 | - | -€4,100 | |
| Reserves not available under the articles | 1311 | €4,100 | - | -€4,100 | |
| Distributable reserves | 133 | €4,591 | €21,500 | +€16,909 | +368% |
| Profit (loss) carried forward | 14 | -€40,110 | €17 | +€40,127 | |
| Amounts payable | 17/49 | €6,731 | €16,546 | +€9,815 | +146% |
| Amounts payable within one year | 42/48 | €6,731 | €16,546 | +€9,815 | +146% |
| Trade debts | 44 | €2,601 | €4,500 | +€1,899 | +73.0% |
| Suppliers | 440/4 | €2,601 | €4,500 | +€1,899 | +73.0% |
| Taxes, remuneration and social security | 45 | €3,544 | €7,455 | +€3,911 | +110% |
| Taxes | 450/3 | €1,544 | €7,455 | +€5,911 | +383% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €586 | €4,592 | +€4,006 | +684% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,313 | +€2,313 | |
| Other operating charges | 640/8 | €536 | €3,507 | +€2,971 | +555% |
| Gross operating margin | 9900 | €1,656 | €61,862 | +€60,206 | +3,635% |
| Operating profit (loss) | 9901 | €1,121 | €56,043 | +€54,922 | +4,900% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €1,121 | €56,043 | +€54,922 | +4,900% |
| Income taxes | 67/77 | - | €3,107 | +€3,107 | |
| Profit (loss) for the period | 9904 | €1,121 | €52,936 | +€51,816 | +4,623% |
| Profit (loss) for the period to be appropriated | 9905 | €1,121 | €52,936 | +€51,816 | +4,623% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.