EBN CONNECT: 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.
EBN CONNECT
Largest movements
- Receivables within one year +€35,526
up €35,526 (+67.8%), from €52,400 to €87,925
of which Other amounts receivable: +€39,689
- Cash +€4,036
up €4,036 (+27.2%), from €14,819 to €18,855
mainly Net result for the year (+€20,183) and Trade debts (+€12,341)
- Tangible fixed assets +€3,797
up €3,797 (+66.0%), from €5,753 to €9,551
- Profit (loss) carried forward +€20,183
up €20,183 (+53.3%), from €37,875 to €58,058
- Trade debts +€12,341
up €12,341 (+89.0%), from €13,867 to €26,208
- Tax, wage and social debts +€10,823
up €10,823 (+73.5%), from €14,730 to €25,552
of which Taxes: +€8,088
- Other operating charges -€8,429
down €8,429 (-76.1%), from €11,083 to €2,653
- Staff costs -€8,399
down €8,399 (-58.7%), from €14,318 to €5,919
- Taxes +€4,769
up €4,769 (+68.6%), from €6,952 to €11,721
- Gross operating margin -€4,440
down €4,440 (-9.9%), from €44,926 to €40,485
- Financial income +€2,995
new in 2024: €2,995
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 | €74,532 | €117,878 | +€43,346 | +58.2% |
| Fixed assets | 21/28 | €5,753 | €9,551 | +€3,797 | +66.0% |
| Tangible fixed assets | 22/27 | €5,753 | €9,551 | +€3,797 | +66.0% |
| Furniture and vehicles | 24 | €5,753 | €9,551 | +€3,797 | +66.0% |
| Current assets | 29/58 | €68,779 | €108,328 | +€39,549 | +57.5% |
| Amounts receivable within one year | 40/41 | €52,400 | €87,925 | +€35,526 | +67.8% |
| Trade receivables | 40 | €19,169 | €15,006 | -€4,163 | -21.7% |
| Other amounts receivable | 41 | €33,231 | €72,920 | +€39,689 | +119% |
| Cash at bank and in hand | 54/58 | €14,819 | €18,855 | +€4,036 | +27.2% |
| Deferred charges and accrued income | 490/1 | €1,560 | €1,547 | -€13 | -0.8% |
| Total equity and liabilities | 10/49 | €74,532 | €117,878 | +€43,346 | +58.2% |
| Equity | 10/15 | €45,935 | €66,118 | +€20,183 | +43.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,875 | €58,058 | +€20,183 | +53.3% |
| Amounts payable | 17/49 | €28,597 | €51,760 | +€23,163 | +81.0% |
| Amounts payable within one year | 42/48 | €28,597 | €51,760 | +€23,163 | +81.0% |
| Trade debts | 44 | €13,867 | €26,208 | +€12,341 | +89.0% |
| Suppliers | 440/4 | €13,867 | €26,208 | +€12,341 | +89.0% |
| Taxes, remuneration and social security | 45 | €14,730 | €25,552 | +€10,823 | +73.5% |
| Taxes | 450/3 | €12,310 | €20,397 | +€8,088 | +65.7% |
| Remuneration and social security | 454/9 | €2,420 | €5,155 | +€2,735 | +113% |
| Remuneration, social security and pensions | 62 | €14,318 | €5,919 | -€8,399 | -58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €954 | €2,020 | +€1,066 | +112% |
| Other operating charges | 640/8 | €11,083 | €2,653 | -€8,429 | -76.1% |
| Non-recurring operating charges | 66A | €10,206 | - | -€10,206 | |
| Gross operating margin | 9900 | €44,926 | €40,485 | -€4,440 | -9.9% |
| Operating profit (loss) | 9901 | €8,364 | €29,892 | +€21,528 | +257% |
| Financial income | 75/76B | - | €2,995 | +€2,995 | |
| Recurring financial income | 75 | - | €2,995 | +€2,995 | |
| Financial charges | 65/66B | €378 | €984 | +€606 | +160% |
| Recurring financial charges | 65 | €378 | €984 | +€606 | +160% |
| Profit (loss) for the period before taxes | 9903 | €7,987 | €31,903 | +€23,917 | +299% |
| Income taxes | 67/77 | €6,952 | €11,721 | +€4,769 | +68.6% |
| Profit (loss) for the period | 9904 | €1,035 | €20,183 | +€19,148 | +1,850% |
| Profit (loss) for the period to be appropriated | 9905 | €1,035 | €20,183 | +€19,148 | +1,850% |
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 16 October 2026 via checked.be.