ECHAFÖZ: 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.
ECHAFÖZ
Largest movements
- Tangible fixed assets +€159,288
up €159,288 (+29.6%), from €537,836 to €697,124
of which Plant, machinery and equipment: +€177,625
- Receivables within one year +€50,825
up €50,825 (+42.6%), from €119,366 to €170,190
of which Trade receivables: +€50,571
- Cash +€10,325
up €10,325 (+33.9%), from €30,482 to €40,808
mainly Depreciation (+€140,266) and Debts after one year (+€120,969)
- Debts after one year +€120,969
up €120,969 (+30.7%), from €394,118 to €515,086
- Current portion of long-term debt +€50,739
up €50,739 (+59.6%), from €85,062 to €135,801
- Trade debts +€27,456
up €27,456 (+28.3%), from €96,968 to €124,423
- Profit (loss) carried forward +€10,460
up €10,460 (+14.7%), from €70,986 to €81,446
- Turnover +€241,381
up €241,381 (+43.9%), from €549,965 to €791,345
- Gross operating margin +€135,916
up €135,916 (+35.3%), from €385,166 to €521,082
- Purchases and services +€112,986
up €112,986 (+49.7%), from €227,511 to €340,497
- Staff costs +€85,765
up €85,765 (+35.0%), from €245,345 to €331,110
- Depreciation +€67,251
up €67,251 (+92.1%), from €73,015 to €140,266
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €693,803 | €911,017 | +€217,214 | +31.3% |
| Fixed assets | 21/28 | €537,836 | €697,124 | +€159,288 | +29.6% |
| Tangible fixed assets | 22/27 | €537,836 | €697,124 | +€159,288 | +29.6% |
| Land and buildings | 22 | €125,696 | €119,483 | -€6,213 | -4.9% |
| Plant, machinery and equipment | 23 | €314,976 | €492,601 | +€177,625 | +56.4% |
| Furniture and vehicles | 24 | €37,838 | €43,269 | +€5,431 | +14.4% |
| Leasing and similar rights | 25 | €59,326 | €41,771 | -€17,555 | -29.6% |
| Current assets | 29/58 | €155,967 | €213,893 | +€57,926 | +37.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €119,366 | €170,190 | +€50,825 | +42.6% |
| Trade receivables | 40 | €76,396 | €126,966 | +€50,571 | +66.2% |
| Other amounts receivable | 41 | €42,970 | €43,224 | +€254 | +0.6% |
| Cash at bank and in hand | 54/58 | €30,482 | €40,808 | +€10,325 | +33.9% |
| Deferred charges and accrued income | 490/1 | €6,119 | €2,894 | -€3,224 | -52.7% |
| Total equity and liabilities | 10/49 | €693,803 | €911,017 | +€217,214 | +31.3% |
| Equity | 10/15 | €75,986 | €86,446 | +€10,460 | +13.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,986 | €81,446 | +€10,460 | +14.7% |
| Amounts payable | 17/49 | €617,817 | €824,571 | +€206,753 | +33.5% |
| Amounts payable after more than one year | 17 | €394,118 | €515,086 | +€120,969 | +30.7% |
| Financial debts | 170/4 | €394,118 | €515,086 | +€120,969 | +30.7% |
| Amounts payable within one year | 42/48 | €223,699 | €309,484 | +€85,785 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €85,062 | €135,801 | +€50,739 | +59.6% |
| Trade debts | 44 | €96,968 | €124,423 | +€27,456 | +28.3% |
| Suppliers | 440/4 | €96,968 | €124,423 | +€27,456 | +28.3% |
| Taxes, remuneration and social security | 45 | €41,669 | €49,260 | +€7,591 | +18.2% |
| Taxes | 450/3 | €25,391 | €27,904 | +€2,513 | +9.9% |
| Remuneration and social security | 454/9 | €16,278 | €21,356 | +€5,077 | +31.2% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Turnover | 70 | €549,965 | €791,345 | +€241,381 | +43.9% |
| Non-recurring operating income | 76A | €1,084 | - | -€1,084 | |
| Goods, raw materials, services and sundry goods | 60/61 | €227,511 | €340,497 | +€112,986 | +49.7% |
| Remuneration, social security and pensions | 62 | €245,345 | €331,110 | +€85,765 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,015 | €140,266 | +€67,251 | +92.1% |
| Other operating charges | 640/8 | €1,474 | €2,105 | +€630 | +42.7% |
| Gross operating margin | 9900 | €385,166 | €521,082 | +€135,916 | +35.3% |
| Operating profit (loss) | 9901 | €65,332 | €47,602 | -€17,730 | -27.1% |
| Financial income | 75/76B | €1,136 | €3,581 | +€2,445 | +215% |
| Recurring financial income | 75 | €1,136 | €2,612 | +€1,476 | +130% |
| Non-recurring financial income | 76B | - | €969 | +€969 | |
| Financial charges | 65/66B | €23,996 | €40,723 | +€16,727 | +69.7% |
| Recurring financial charges | 65 | €23,745 | €40,048 | +€16,303 | +68.7% |
| Non-recurring financial charges | 66B | €251 | €674 | +€423 | +169% |
| Profit (loss) for the period before taxes | 9903 | €42,471 | €10,460 | -€32,011 | -75.4% |
| Income taxes | 67/77 | €1,177 | - | -€1,177 | |
| Profit (loss) for the period | 9904 | €41,295 | €10,460 | -€30,835 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,295 | €10,460 | -€30,835 | -74.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.