FREDDY ECHER LOCATION: 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.
FREDDY ECHER LOCATION
Largest movements
- Tangible fixed assets +€812,415
up €812,415 (+91.8%), from €885,135 to €1.7m
of which Land and buildings: +€973,591
- Current investments -€478,112
down €478,112 (-50.2%), from €951,519 to €473,407
- Receivables within one year -€99,602
down €99,602 (-24.0%), from €414,353 to €314,751
of which Trade receivables: -€99,602
- Stocks and contracts -€26,324
down €26,324 (-23.6%), from €111,774 to €85,450
- Reserves +€145,297
up €145,297 (+9.6%), from €1.5m to €1.7m
of which Distributable reserves: +€131,500
- Other debts +€84,825
up €84,825 (+15.6%), from €542,158 to €626,983
- Trade debts +€62,705
up €62,705 (+69.7%), from €89,972 to €152,677
- Tax, wage and social debts -€47,798
down €47,798 (-52.5%), from €90,996 to €43,198
of which Taxes: -€50,237
- Debts after one year -€26,684
down €26,684 (-56.8%), from €46,990 to €20,306
- Gross operating margin -€114,957
down €114,957 (-12.4%), from €929,737 to €814,780
- Taxes -€76,587
down €76,587 (-46.8%), from €163,632 to €87,045
- Depreciation +€73,666
up €73,666 (+27.1%), from €271,771 to €345,437
- Financial income -€49,408
down €49,408 (-28.7%), from €171,912 to €122,504
of which Non-recurring financial income: -€50,525
- Staff costs +€34,464
up €34,464 (+23.2%), from €148,761 to €183,225
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 | €2,384,808 | €2,615,608 | +€230,800 | +9.7% |
| Fixed assets | 21/28 | €885,135 | €1,704,845 | +€819,710 | +92.6% |
| Intangible fixed assets | 21 | - | €7,295 | +€7,295 | |
| Tangible fixed assets | 22/27 | €885,135 | €1,697,550 | +€812,415 | +91.8% |
| Land and buildings | 22 | €3,914 | €977,505 | +€973,591 | +24,875% |
| Plant, machinery and equipment | 23 | €732,988 | €609,492 | -€123,496 | -16.8% |
| Furniture and vehicles | 24 | €24,446 | €13,767 | -€10,679 | -43.7% |
| Leasing and similar rights | 25 | €123,787 | €96,786 | -€27,001 | -21.8% |
| Current assets | 29/58 | €1,499,673 | €910,763 | -€588,910 | -39.3% |
| Stocks and contracts in progress | 3 | €111,774 | €85,450 | -€26,324 | -23.6% |
| Stocks | 30/36 | €111,774 | €85,450 | -€26,324 | -23.6% |
| Amounts receivable within one year | 40/41 | €414,353 | €314,751 | -€99,602 | -24.0% |
| Trade receivables | 40 | €414,083 | €314,481 | -€99,602 | -24.1% |
| Other amounts receivable | 41 | €270 | €270 | = | 0.0% |
| Current investments | 50/53 | €951,519 | €473,407 | -€478,112 | -50.2% |
| Cash at bank and in hand | 54/58 | €21,787 | €36,915 | +€15,128 | +69.4% |
| Deferred charges and accrued income | 490/1 | €240 | €240 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,384,808 | €2,615,608 | +€230,800 | +9.7% |
| Equity | 10/15 | €1,535,908 | €1,682,940 | +€147,032 | +9.6% |
| Contributions | 10/11 | €7,197 | €7,197 | = | 0.0% |
| Reserves | 13 | €1,516,818 | €1,662,115 | +€145,297 | +9.6% |
| Tax-exempt reserves | 132 | €118,259 | €132,056 | +€13,797 | +11.7% |
| Distributable reserves | 133 | €1,398,559 | €1,530,059 | +€131,500 | +9.4% |
| Profit (loss) carried forward | 14 | €11,893 | €13,628 | +€1,735 | +14.6% |
| Provisions and deferred taxes | 16 | €53,525 | €62,819 | +€9,294 | +17.4% |
| Provisions for liabilities and charges | 160/5 | €32,364 | - | -€32,364 | |
| Major repairs and maintenance | 162 | €32,364 | - | -€32,364 | |
| Deferred taxes | 168 | €21,161 | €62,819 | +€41,658 | +197% |
| Amounts payable | 17/49 | €795,375 | €869,849 | +€74,474 | +9.4% |
| Amounts payable after more than one year | 17 | €46,990 | €20,306 | -€26,684 | -56.8% |
| Financial debts | 170/4 | €46,990 | €20,306 | -€26,684 | -56.8% |
| Amounts payable within one year | 42/48 | €748,385 | €849,543 | +€101,158 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €25,259 | €26,685 | +€1,426 | +5.6% |
| Trade debts | 44 | €89,972 | €152,677 | +€62,705 | +69.7% |
| Suppliers | 440/4 | €89,972 | €152,677 | +€62,705 | +69.7% |
| Taxes, remuneration and social security | 45 | €90,996 | €43,198 | -€47,798 | -52.5% |
| Taxes | 450/3 | €80,387 | €30,150 | -€50,237 | -62.5% |
| Remuneration and social security | 454/9 | €10,609 | €13,048 | +€2,439 | +23.0% |
| Other amounts payable | 47/48 | €542,158 | €626,983 | +€84,825 | +15.6% |
| Non-recurring operating income | 76A | - | €7,324 | +€7,324 | |
| Remuneration, social security and pensions | 62 | €148,761 | €183,225 | +€34,464 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271,771 | €345,437 | +€73,666 | +27.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,790 | €7,748 | -€7,042 | -47.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€32,364 | -€32,364 | |
| Other operating charges | 640/8 | €15,879 | €11,175 | -€4,704 | -29.6% |
| Non-recurring operating charges | 66A | - | €18,333 | +€18,333 | |
| Gross operating margin | 9900 | €929,737 | €814,780 | -€114,957 | -12.4% |
| Operating profit (loss) | 9901 | €478,536 | €281,226 | -€197,310 | -41.2% |
| Financial income | 75/76B | €171,912 | €122,504 | -€49,408 | -28.7% |
| Recurring financial income | 75 | €3,887 | €5,004 | +€1,117 | +28.7% |
| Non-recurring financial income | 76B | €168,025 | €117,500 | -€50,525 | -30.1% |
| Financial charges | 65/66B | €3,328 | €4,495 | +€1,167 | +35.1% |
| Recurring financial charges | 65 | €3,328 | €4,495 | +€1,167 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €647,120 | €399,235 | -€247,885 | -38.3% |
| Transfer from deferred taxes | 780 | €10,882 | €19,775 | +€8,893 | +81.7% |
| Transfer to deferred taxes | 680 | €42,032 | €47,000 | +€4,968 | +11.8% |
| Income taxes | 67/77 | €163,632 | €87,045 | -€76,587 | -46.8% |
| Profit (loss) for the period | 9904 | €452,338 | €284,965 | -€167,373 | -37.0% |
| Transfer from tax-exempt reserves | 789 | €28,932 | €42,270 | +€13,338 | +46.1% |
| Transfer to tax-exempt reserves | 689 | €126,094 | €70,500 | -€55,594 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €355,176 | €256,735 | -€98,441 | -27.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.