Van Echelpoel: 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.
Van Echelpoel
Largest movements
- Tangible fixed assets -€34,538
down €34,538 (-43.9%), from €78,701 to €44,163
of which Furniture and vehicles: -€26,350
- Cash +€28,511
up €28,511 (+127%), from €22,398 to €50,909
mainly Depreciation (+€37,663) and Other debts (+€16,380)
- Receivables within one year +€11,458
up €11,458 (+91.6%), from €12,510 to €23,968
of which Other amounts receivable: +€7,828
- Other debts +€16,380
up €16,380 (+20.7%), from €79,215 to €95,595
- Profit (loss) carried forward -€10,986
down €10,986 (-75.5%), from €14,547 to €3,561
- Current portion of long-term debt -€9,792
down €9,792 (-83.3%), from €11,750 to €1,958
- Trade debts +€8,721
new in 2025: €8,721
- Debts after one year -€1,958
no longer reported in 2025 (was €1,958)
- Gross operating margin -€4,785
down €4,785 (-7.9%), from €60,454 to €55,669
- Depreciation +€4,235
up €4,235 (+12.7%), from €33,428 to €37,663
- Taxes -€2,174
down €2,174 (-56.9%), from €3,823 to €1,649
- Financial charges +€813
up €813 (+59.0%), from €1,379 to €2,192
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 | €119,249 | €124,763 | +€5,514 | +4.6% |
| Fixed assets | 21/28 | €81,701 | €47,163 | -€34,538 | -42.3% |
| Tangible fixed assets | 22/27 | €78,701 | €44,163 | -€34,538 | -43.9% |
| Plant, machinery and equipment | 23 | €6,661 | €4,540 | -€2,121 | -31.8% |
| Furniture and vehicles | 24 | €65,404 | €39,054 | -€26,350 | -40.3% |
| Leasing and similar rights | 25 | €5,909 | - | -€5,909 | |
| Other tangible fixed assets | 26 | €727 | €569 | -€158 | -21.7% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €37,548 | €77,600 | +€40,052 | +107% |
| Amounts receivable within one year | 40/41 | €12,510 | €23,968 | +€11,458 | +91.6% |
| Trade receivables | 40 | €12,510 | €16,140 | +€3,630 | +29.0% |
| Other amounts receivable | 41 | - | €7,828 | +€7,828 | |
| Cash at bank and in hand | 54/58 | €22,398 | €50,909 | +€28,511 | +127% |
| Deferred charges and accrued income | 490/1 | €2,640 | €2,723 | +€83 | +3.1% |
| Total equity and liabilities | 10/49 | €119,249 | €124,763 | +€5,514 | +4.6% |
| Equity | 10/15 | €19,547 | €8,561 | -€10,986 | -56.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,547 | €3,561 | -€10,986 | -75.5% |
| Amounts payable | 17/49 | €99,702 | €116,202 | +€16,500 | +16.5% |
| Amounts payable after more than one year | 17 | €1,958 | - | -€1,958 | |
| Financial debts | 170/4 | €1,958 | - | -€1,958 | |
| Amounts payable within one year | 42/48 | €97,657 | €114,731 | +€17,074 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €11,750 | €1,958 | -€9,792 | -83.3% |
| Trade debts | 44 | - | €8,721 | +€8,721 | |
| Suppliers | 440/4 | - | €8,721 | +€8,721 | |
| Taxes, remuneration and social security | 45 | €6,692 | €8,457 | +€1,765 | +26.4% |
| Taxes | 450/3 | €6,692 | €8,457 | +€1,765 | +26.4% |
| Other amounts payable | 47/48 | €79,215 | €95,595 | +€16,380 | +20.7% |
| Accrued charges and deferred income | 492/3 | €87 | €1,471 | +€1,384 | +1,591% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,428 | €37,663 | +€4,235 | +12.7% |
| Other operating charges | 640/8 | €7,515 | €7,151 | -€364 | -4.8% |
| Gross operating margin | 9900 | €60,454 | €55,669 | -€4,785 | -7.9% |
| Operating profit (loss) | 9901 | €19,511 | €10,855 | -€8,656 | -44.4% |
| Financial charges | 65/66B | €1,379 | €2,192 | +€813 | +59.0% |
| Recurring financial charges | 65 | €1,379 | €2,192 | +€813 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | €18,132 | €8,663 | -€9,469 | -52.2% |
| Income taxes | 67/77 | €3,823 | €1,649 | -€2,174 | -56.9% |
| Profit (loss) for the period | 9904 | €14,309 | €7,014 | -€7,295 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,309 | €7,014 | -€7,295 | -51.0% |
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 25 October 2026 via checked.be.