ECONAN: what changed
What changed
ECONAN
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
€471,062
2023 · €523,006-€51,944
Equity
€1.3m
2023 · €875,957+€471,062
Cash
€1.6m
2023 · €1.6m-€48,061
Balance sheet total
€5.2m
2023 · €5.0m+€178,189
Largest movements
Assets
- Receivables within one year +€212,437
up €212,437 (+60.3%), from €352,127 to €564,564
of which Trade receivables: +€238,390
- Stocks and contracts +€107,810
up €107,810 (+17.6%), from €613,802 to €721,613
- Tangible fixed assets -€81,761
down €81,761 (-3.4%), from €2.4m to €2.3m
of which Furniture and vehicles: -€153,642
Equity and liabilities
- Profit (loss) carried forward +€471,062
up €471,062, from -€132,520 to €338,542
- Trade debts -€385,690
down €385,690 (-23.2%), from €1.7m to €1.3m
- Current portion of long-term debt +€71,056
up €71,056 (+18.9%), from €376,833 to €447,889
- Tax, wage and social debts +€61,249
up €61,249 (+17.3%), from €354,174 to €415,424
of which Remuneration and social security: +€51,138
Income statement
- Staff costs +€90,723
up €90,723 (+6.4%), from €1.4m to €1.5m
- Gross operating margin +€71,499
up €71,499 (+2.6%), from €2.8m to €2.8m
- Other operating charges +€34,944
up €34,944 (+63.3%), from €55,192 to €90,136
- Financial charges +€32,873
up €32,873 (+24.2%), from €135,583 to €168,456
of which Financial charges: +€32,056
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€523,006
Gross operating margin
+€71,499
Staff costs
-€90,723
Depreciation
-€10,199
Other operating charges
-€34,944
Other operating items
-€4,591
Financial income
+€26,608
Financial charges
-€32,873
Taxes
+€23,281
Result 2024
€471,062
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€241,609
Investment
-€367,606
Financing
+€77,936
Cash 2023
€1.6m
From operations (derived)
+€241,609
Net result for the year
+€471,062
Depreciation
+€459,991
Stocks and contracts
-€107,810
Receivables within one year
-€212,437
Deferred charges and accrued income
+€1,612
Trade debts
-€385,690
Tax, wage and social debts
+€61,249
Other debts
-€28,273
Accrued charges and deferred income
-€18,095
Investment (derived)
-€367,606
Investment in fixed assets (net)
-€367,606
Financing
+€77,936
Debts after one year
+€27,174
Current portion of long-term debt
+€71,056
Short-term financial debts
-€20,293
Cash 2024
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,015,796 | €5,193,985 | +€178,189 | +3.6% |
| Formation expenses | 20 | €1,157 | - | -€1,157 | |
| Fixed assets | 21/28 | €2,381,974 | €2,290,746 | -€91,228 | -3.8% |
| Tangible fixed assets | 22/27 | €2,372,305 | €2,290,544 | -€81,761 | -3.4% |
| Land and buildings | 22 | €1,333,988 | €1,271,150 | -€62,838 | -4.7% |
| Plant, machinery and equipment | 23 | €555,589 | €690,308 | +€134,719 | +24.2% |
| Furniture and vehicles | 24 | €482,728 | €329,085 | -€153,642 | -31.8% |
| Financial fixed assets | 28 | €9,669 | €202 | -€9,467 | -97.9% |
| Current assets | 29/58 | €2,632,665 | €2,903,240 | +€270,574 | +10.3% |
| Stocks and contracts in progress | 3 | €613,802 | €721,613 | +€107,810 | +17.6% |
| Stocks | 30/36 | €613,802 | €721,613 | +€107,810 | +17.6% |
| Amounts receivable within one year | 40/41 | €352,127 | €564,564 | +€212,437 | +60.3% |
| Trade receivables | 40 | €198,916 | €437,307 | +€238,390 | +120% |
| Other amounts receivable | 41 | €153,211 | €127,257 | -€25,954 | -16.9% |
| Cash at bank and in hand | 54/58 | €1,639,848 | €1,591,787 | -€48,061 | -2.9% |
| Deferred charges and accrued income | 490/1 | €26,888 | €25,276 | -€1,612 | -6.0% |
| Total equity and liabilities | 10/49 | €5,015,796 | €5,193,985 | +€178,189 | +3.6% |
| Equity | 10/15 | €875,957 | €1,347,019 | +€471,062 | +53.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €946,477 | €946,477 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,671 | €4,671 | = | 0.0% |
| Distributable reserves | 133 | €935,606 | €935,606 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,520 | €338,542 | +€471,062 | |
| Amounts payable | 17/49 | €4,139,839 | €3,846,966 | -€292,873 | -7.1% |
| Amounts payable after more than one year | 17 | €1,236,305 | €1,263,478 | +€27,174 | +2.2% |
| Financial debts | 170/4 | €1,232,512 | €1,259,686 | +€27,174 | +2.2% |
| Other amounts payable | 178/9 | €3,793 | €3,793 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,860,058 | €2,558,106 | -€301,952 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €376,833 | €447,889 | +€71,056 | +18.9% |
| Financial debts | 43 | €159,293 | €139,000 | -€20,293 | -12.7% |
| Credit institutions | 430/8 | €159,293 | €139,000 | -€20,293 | -12.7% |
| Trade debts | 44 | €1,662,944 | €1,277,253 | -€385,690 | -23.2% |
| Suppliers | 440/4 | €1,662,944 | €1,277,253 | -€385,690 | -23.2% |
| Taxes, remuneration and social security | 45 | €354,174 | €415,424 | +€61,249 | +17.3% |
| Taxes | 450/3 | €192,710 | €202,821 | +€10,111 | +5.2% |
| Remuneration and social security | 454/9 | €161,464 | €212,603 | +€51,138 | +31.7% |
| Other amounts payable | 47/48 | €306,813 | €278,540 | -€28,273 | -9.2% |
| Accrued charges and deferred income | 492/3 | €43,477 | €25,382 | -€18,095 | -41.6% |
| Non-recurring operating income | 76A | €1,133 | €6,443 | +€5,310 | +469% |
| Remuneration, social security and pensions | 62 | €1,412,602 | €1,503,325 | +€90,723 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €449,792 | €459,991 | +€10,199 | +2.3% |
| Other operating charges | 640/8 | €55,192 | €90,136 | +€34,944 | +63.3% |
| Non-recurring operating charges | 66A | €4,169 | €8,761 | +€4,591 | +110% |
| Gross operating margin | 9900 | €2,770,914 | €2,842,412 | +€71,499 | +2.6% |
| Operating profit (loss) | 9901 | €849,159 | €780,200 | -€68,959 | -8.1% |
| Financial income | 75/76B | €705 | €27,313 | +€26,608 | +3,771% |
| Recurring financial income | 75 | €705 | €13,615 | +€12,910 | +1,830% |
| Non-recurring financial income | 76B | - | €13,698 | +€13,698 | |
| Financial charges | 65/66B | €135,583 | €168,456 | +€32,873 | +24.2% |
| Recurring financial charges | 65 | €125,119 | €157,174 | +€32,056 | +25.6% |
| Non-recurring financial charges | 66B | €10,464 | €11,282 | +€818 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €714,281 | €639,056 | -€75,225 | -10.5% |
| Income taxes | 67/77 | €191,275 | €167,994 | -€23,281 | -12.2% |
| Profit (loss) for the period | 9904 | €523,006 | €471,062 | -€51,944 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €523,006 | €471,062 | -€51,944 | -9.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.