E.E.C.: what changed
Two fiscal 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.E.C.
Largest movements
- Cash +€5,482
up €5,482 (+36.4%), from €15,057 to €20,539
mainly Depreciation (+€12,299) and Net result for the year (+€9,970)
- Stocks and contracts -€1,630
down €1,630 (-66.8%), from €2,440 to €811
- Receivables within one year +€1,396
up €1,396 (+9.0%), from €15,442 to €16,837
of which Other amounts receivable: +€1,329
- Reserves +€8,370
up €8,370 (+32.9%), from €25,437 to €33,807
- Debts after one year -€7,494
down €7,494 (-63.2%), from €11,866 to €4,372
- Current portion of long-term debt +€2,698
up €2,698 (+34.6%), from €7,796 to €10,494
- Trade debts +€781
up €781 (+132.2%), from €590 to €1,371
- Gross operating margin +€5,521
up €5,521 (+22.2%), from €24,866 to €30,387
- Taxes +€1,236
up €1,236 (+28.4%), from €4,351 to €5,587
- Other operating charges +€559
up €559 (+37.2%), from €1,504 to €2,062
- Depreciation +€404
up €404 (+3.4%), from €11,894 to €12,299
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.
Cash bridge derived
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 | €60,623 | €65,021 | +€4,398 | +7.3% |
| Fixed assets | 21/28 | €27,079 | €26,669 | -€410 | -1.5% |
| Tangible fixed assets | 22/27 | €27,079 | €26,669 | -€410 | -1.5% |
| Plant, machinery and equipment | 23 | €1,570 | €8,338 | +€6,768 | +431.0% |
| Furniture and vehicles | 24 | €24,486 | €17,473 | -€7,012 | -28.6% |
| Other tangible fixed assets | 26 | €1,023 | €858 | -€165 | -16.1% |
| Current assets | 29/58 | €33,544 | €38,352 | +€4,807 | +14.3% |
| Stocks and contracts in progress | 3 | €2,440 | €811 | -€1,630 | -66.8% |
| Stocks | 30/36 | €2,440 | €811 | -€1,630 | -66.8% |
| Amounts receivable within one year | 40/41 | €15,442 | €16,837 | +€1,396 | +9.0% |
| Trade receivables | 40 | €9,792 | €9,859 | +€67 | +0.7% |
| Other amounts receivable | 41 | €5,649 | €6,978 | +€1,329 | +23.5% |
| Cash at bank and in hand | 54/58 | €15,057 | €20,539 | +€5,482 | +36.4% |
| Deferred charges and accrued income | 490/1 | €606 | €165 | -€440 | -72.7% |
| Total equity and liabilities | 10/49 | €60,623 | €65,021 | +€4,398 | +7.3% |
| Equity | 10/15 | €28,437 | €36,807 | +€8,370 | +29.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,437 | €33,807 | +€8,370 | +32.9% |
| Distributable reserves | 133 | €25,437 | €33,807 | +€8,370 | +32.9% |
| Amounts payable | 17/49 | €32,186 | €28,214 | -€3,972 | -12.3% |
| Amounts payable after more than one year | 17 | €11,866 | €4,372 | -€7,494 | -63.2% |
| Financial debts | 170/4 | €11,866 | €4,372 | -€7,494 | -63.2% |
| Amounts payable within one year | 42/48 | €20,320 | €23,842 | +€3,523 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €7,796 | €10,494 | +€2,698 | +34.6% |
| Trade debts | 44 | €590 | €1,371 | +€781 | +132.2% |
| Suppliers | 440/4 | €590 | €1,371 | +€781 | +132.2% |
| Taxes, remuneration and social security | 45 | €366 | €311 | -€55 | -15.0% |
| Taxes | 450/3 | €366 | €311 | -€55 | -15.0% |
| Other amounts payable | 47/48 | €11,567 | €11,666 | +€99 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,894 | €12,299 | +€404 | +3.4% |
| Other operating charges | 640/8 | €1,504 | €2,062 | +€559 | +37.2% |
| Gross operating margin | 9900 | €24,866 | €30,387 | +€5,521 | +22.2% |
| Operating profit (loss) | 9901 | €11,468 | €16,026 | +€4,558 | +39.7% |
| Financial income | 75/76B | €188 | €4 | -€184 | -97.8% |
| Recurring financial income | 75 | €188 | €4 | -€184 | -97.8% |
| Financial charges | 65/66B | €695 | €473 | -€222 | -31.9% |
| Recurring financial charges | 65 | €695 | €473 | -€222 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €10,960 | €15,557 | +€4,596 | +41.9% |
| Income taxes | 67/77 | €4,351 | €5,587 | +€1,236 | +28.4% |
| Profit (loss) for the period | 9904 | €6,610 | €9,970 | +€3,360 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,610 | €9,970 | +€3,360 | +50.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.