E.C.: 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.
E.C.
Largest movements
- Tangible fixed assets +€40,998
up €40,998 (+59.3%), from €69,079 to €110,077
of which Furniture and vehicles: +€50,502
- Cash -€7,135
down €7,135 (-30.8%), from €23,199 to €16,064
mainly Investment in fixed assets (net) (-€66,627) and Trade debts (-€14,457)
- Receivables within one year -€4,350
down €4,350 (-3.6%), from €120,314 to €115,964
of which Trade receivables: -€7,349
- Debts after one year +€34,587
up €34,587 (+256%), from €13,531 to €48,117
- Trade debts -€14,457
down €14,457 (-25.7%), from €56,321 to €41,864
- Reserves +€12,000
up €12,000 (+645%), from €1,860 to €13,860
of which Distributable reserves: +€12,000
- Current portion of long-term debt -€4,503
down €4,503 (-32.4%), from €13,891 to €9,389
- Profit (loss) carried forward +€3,951
up €3,951 (+5.1%), from €77,469 to €81,420
- Gross operating margin -€13,468
down €13,468 (-22.5%), from €59,838 to €46,370
- Depreciation +€9,520
up €9,520 (+59.1%), from €16,109 to €25,628
- Taxes +€1,247
up €1,247 (+946%), from €132 to €1,379
- Financial charges +€1,082
up €1,082 (+48.5%), from €2,230 to €3,312
- Other operating charges -€626
down €626 (-83.4%), from €751 to €125
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 | €227,223 | €257,827 | +€30,603 | +13.5% |
| Fixed assets | 21/28 | €69,079 | €110,077 | +€40,998 | +59.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €69,079 | €110,077 | +€40,998 | +59.3% |
| Plant, machinery and equipment | 23 | €387 | €0 | -€387 | -100% |
| Furniture and vehicles | 24 | €13,994 | €64,495 | +€50,502 | +361% |
| Other tangible fixed assets | 26 | €54,698 | €45,582 | -€9,116 | -16.7% |
| Current assets | 29/58 | €158,144 | €147,750 | -€10,395 | -6.6% |
| Stocks and contracts in progress | 3 | €1,931 | €1,931 | = | 0.0% |
| Stocks | 30/36 | €1,931 | €1,931 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €120,314 | €115,964 | -€4,350 | -3.6% |
| Trade receivables | 40 | €118,394 | €111,045 | -€7,349 | -6.2% |
| Other amounts receivable | 41 | €1,920 | €4,919 | +€2,998 | +156% |
| Current investments | 50/53 | €2,700 | €1,925 | -€775 | -28.7% |
| Cash at bank and in hand | 54/58 | €23,199 | €16,064 | -€7,135 | -30.8% |
| Deferred charges and accrued income | 490/1 | €10,001 | €11,866 | +€1,865 | +18.7% |
| Total equity and liabilities | 10/49 | €227,223 | €257,827 | +€30,603 | +13.5% |
| Equity | 10/15 | €89,329 | €105,280 | +€15,951 | +17.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €13,860 | +€12,000 | +645% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €12,000 | +€12,000 | |
| Profit (loss) carried forward | 14 | €77,469 | €81,420 | +€3,951 | +5.1% |
| Amounts payable | 17/49 | €137,894 | €152,547 | +€14,653 | +10.6% |
| Amounts payable after more than one year | 17 | €13,531 | €48,117 | +€34,587 | +256% |
| Financial debts | 170/4 | €13,531 | €48,117 | +€34,587 | +256% |
| Amounts payable within one year | 42/48 | €124,363 | €104,430 | -€19,934 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €13,891 | €9,389 | -€4,503 | -32.4% |
| Trade debts | 44 | €56,321 | €41,864 | -€14,457 | -25.7% |
| Suppliers | 440/4 | €56,321 | €41,864 | -€14,457 | -25.7% |
| Taxes, remuneration and social security | 45 | €132 | €2,459 | +€2,327 | +1,766% |
| Taxes | 450/3 | €132 | €2,459 | +€2,327 | +1,766% |
| Other amounts payable | 47/48 | €54,020 | €50,718 | -€3,302 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,109 | €25,628 | +€9,520 | +59.1% |
| Other operating charges | 640/8 | €751 | €125 | -€626 | -83.4% |
| Gross operating margin | 9900 | €59,838 | €46,370 | -€13,468 | -22.5% |
| Operating profit (loss) | 9901 | €42,978 | €20,617 | -€22,362 | -52.0% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €2,230 | €3,312 | +€1,082 | +48.5% |
| Recurring financial charges | 65 | €2,230 | €3,312 | +€1,082 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | €40,749 | €17,330 | -€23,419 | -57.5% |
| Income taxes | 67/77 | €132 | €1,379 | +€1,247 | +946% |
| Profit (loss) for the period | 9904 | €40,617 | €15,951 | -€24,666 | -60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,617 | €15,951 | -€24,666 | -60.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.