ECHO: 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.
ECHO
Largest movements
- Cash +€106,320
up €106,320 (+180.1%), from €59,044 to €165,364
mainly Current investments (+€76,000) and Net result for the year (+€57,815)
- Current investments -€76,000
down €76,000 (-62.3%), from €122,000 to €46,000
- Deferred charges and accrued income -€6,229
down €6,229 (-84.4%), from €7,377 to €1,148
- Receivables within one year -€3,524
down €3,524 (-7.6%), from €46,661 to €43,138
- Other debts +€25,241
up €25,241 (+74.3%), from €33,952 to €59,193
- Reserves -€4,494
down €4,494 (-2.6%), from €175,519 to €171,025
- Gross operating margin +€43,041
up €43,041 (+119.9%), from €35,901 to €78,942
- Taxes +€11,592
up €11,592 (+108.9%), from €10,644 to €22,235
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,586 | €257,363 | +€21,777 | +9.2% |
| Fixed assets | 21/28 | €504 | €1,714 | +€1,209 | +239.8% |
| Tangible fixed assets | 22/27 | €504 | €1,714 | +€1,209 | +239.8% |
| Plant, machinery and equipment | 23 | - | €1,462 | +€1,462 | |
| Furniture and vehicles | 24 | €504 | €252 | -€252 | -50.0% |
| Current assets | 29/58 | €235,082 | €255,650 | +€20,568 | +8.7% |
| Amounts receivable within one year | 40/41 | €46,661 | €43,138 | -€3,524 | -7.6% |
| Trade receivables | 40 | €46,661 | €43,138 | -€3,524 | -7.6% |
| Current investments | 50/53 | €122,000 | €46,000 | -€76,000 | -62.3% |
| Cash at bank and in hand | 54/58 | €59,044 | €165,364 | +€106,320 | +180.1% |
| Deferred charges and accrued income | 490/1 | €7,377 | €1,148 | -€6,229 | -84.4% |
| Total equity and liabilities | 10/49 | €235,586 | €257,363 | +€21,777 | +9.2% |
| Equity | 10/15 | €181,716 | €177,222 | -€4,494 | -2.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €175,519 | €171,025 | -€4,494 | -2.6% |
| Distributable reserves | 133 | €175,519 | €171,025 | -€4,494 | -2.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,870 | €80,142 | +€26,271 | +48.8% |
| Amounts payable within one year | 42/48 | €53,870 | €80,142 | +€26,271 | +48.8% |
| Trade debts | 44 | €12,392 | €11,251 | -€1,141 | -9.2% |
| Suppliers | 440/4 | €12,392 | €11,251 | -€1,141 | -9.2% |
| Taxes, remuneration and social security | 45 | €7,527 | €9,697 | +€2,170 | +28.8% |
| Taxes | 450/3 | €7,527 | €9,697 | +€2,170 | +28.8% |
| Other amounts payable | 47/48 | €33,952 | €59,193 | +€25,241 | +74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252 | €279 | +€27 | +10.8% |
| Other operating charges | 640/8 | €899 | €710 | -€189 | -21.0% |
| Gross operating margin | 9900 | €35,901 | €78,942 | +€43,041 | +119.9% |
| Operating profit (loss) | 9901 | €34,750 | €77,953 | +€43,203 | +124.3% |
| Financial income | 75/76B | €1,577 | €2,220 | +€643 | +40.7% |
| Recurring financial income | 75 | €1,577 | €2,220 | +€643 | +40.7% |
| Financial charges | 65/66B | €274 | €123 | -€151 | -55.1% |
| Recurring financial charges | 65 | €274 | €123 | -€151 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €36,054 | €80,050 | +€43,996 | +122.0% |
| Income taxes | 67/77 | €10,644 | €22,235 | +€11,592 | +108.9% |
| Profit (loss) for the period | 9904 | €25,410 | €57,815 | +€32,404 | +127.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,410 | €57,815 | +€32,404 | +127.5% |
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 11 October 2026 via checked.be.