ECO QUEST: 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.
ECO QUEST
Largest movements
- Receivables after one year -€356,000
down €356,000 (-100%), from €356,000 to €0
- Receivables within one year +€286,389
up €286,389 (+3,217%), from €8,902 to €295,292
of which Other amounts receivable: +€268,502
- Cash +€139,613
up €139,613 (+390%), from €35,825 to €175,439
mainly Receivables after one year (+€356,000) and Other debts (+€238,497)
- Tangible fixed assets +€10,086
up €10,086 (+29.1%), from €34,652 to €44,738
of which Plant, machinery and equipment: +€18,453
- Other debts +€238,497
up €238,497 (+5,451%), from €4,375 to €242,872
- Reserves -€179,636
down €179,636 (-62.0%), from €289,661 to €110,025
of which Distributable reserves: -€179,636
- Tax, wage and social debts +€18,633
up €18,633 (+44.5%), from €41,832 to €60,465
- Trade debts +€9,847
up €9,847 (+76.1%), from €12,933 to €22,780
- Debts after one year -€7,562
down €7,562 (-65.9%), from €11,478 to €3,917
- Financial income +€19,245
up €19,245 (+5,769%), from €334 to €19,579
- Taxes +€16,608
up €16,608 (+93.2%), from €17,821 to €34,430
- Depreciation -€10,734
down €10,734 (-53.9%), from €19,922 to €9,188
- Gross operating margin +€7,403
up €7,403 (+9.0%), from €82,357 to €89,760
- Other operating charges -€1,083
down €1,083 (-58.7%), from €1,846 to €763
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 | €435,380 | €517,587 | +€82,207 | +18.9% |
| Fixed assets | 21/28 | €34,652 | €44,738 | +€10,086 | +29.1% |
| Tangible fixed assets | 22/27 | €34,652 | €44,738 | +€10,086 | +29.1% |
| Land and buildings | 22 | €21,905 | €0 | -€21,905 | -100% |
| Plant, machinery and equipment | 23 | €2,348 | €20,801 | +€18,453 | +786% |
| Furniture and vehicles | 24 | €10,399 | €5,927 | -€4,471 | -43.0% |
| Other tangible fixed assets | 26 | - | €18,010 | +€18,010 | |
| Current assets | 29/58 | €400,728 | €472,849 | +€72,121 | +18.0% |
| Amounts receivable after more than one year | 29 | €356,000 | €0 | -€356,000 | -100% |
| Other amounts receivable | 291 | €356,000 | €0 | -€356,000 | -100% |
| Amounts receivable within one year | 40/41 | €8,902 | €295,292 | +€286,389 | +3,217% |
| Trade receivables | 40 | €8,902 | €26,790 | +€17,887 | +201% |
| Other amounts receivable | 41 | - | €268,502 | +€268,502 | |
| Cash at bank and in hand | 54/58 | €35,825 | €175,439 | +€139,613 | +390% |
| Deferred charges and accrued income | 490/1 | €0 | €2,119 | +€2,119 | |
| Total equity and liabilities | 10/49 | €435,380 | €517,587 | +€82,207 | +18.9% |
| Equity | 10/15 | €357,551 | €177,915 | -€179,636 | -50.2% |
| Contributions | 10/11 | €67,890 | €67,890 | = | 0.0% |
| Reserves | 13 | €289,661 | €110,025 | -€179,636 | -62.0% |
| Non-distributable reserves | 130/1 | €6,789 | €6,789 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,789 | €6,789 | = | 0.0% |
| Distributable reserves | 133 | €282,872 | €103,236 | -€179,636 | -63.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €77,829 | €339,672 | +€261,843 | +336% |
| Amounts payable after more than one year | 17 | €11,478 | €3,917 | -€7,562 | -65.9% |
| Financial debts | 170/4 | €11,478 | €3,917 | -€7,562 | -65.9% |
| Amounts payable within one year | 42/48 | €66,351 | €333,706 | +€267,355 | +403% |
| Current portion of amounts payable after more than one year | 42 | €7,212 | €7,590 | +€379 | +5.2% |
| Trade debts | 44 | €12,933 | €22,780 | +€9,847 | +76.1% |
| Suppliers | 440/4 | €12,933 | €22,780 | +€9,847 | +76.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €41,832 | €60,465 | +€18,633 | +44.5% |
| Taxes | 450/3 | €41,832 | €60,465 | +€18,633 | +44.5% |
| Other amounts payable | 47/48 | €4,375 | €242,872 | +€238,497 | +5,451% |
| Accrued charges and deferred income | 492/3 | - | €2,049 | +€2,049 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,922 | €9,188 | -€10,734 | -53.9% |
| Other operating charges | 640/8 | €1,846 | €763 | -€1,083 | -58.7% |
| Gross operating margin | 9900 | €82,357 | €89,760 | +€7,403 | +9.0% |
| Operating profit (loss) | 9901 | €60,589 | €79,809 | +€19,221 | +31.7% |
| Financial income | 75/76B | €334 | €19,579 | +€19,245 | +5,769% |
| Recurring financial income | 75 | €334 | €19,579 | +€19,245 | +5,769% |
| Financial charges | 65/66B | €2,309 | €1,722 | -€587 | -25.4% |
| Recurring financial charges | 65 | €2,309 | €1,722 | -€587 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €58,613 | €97,666 | +€39,052 | +66.6% |
| Income taxes | 67/77 | €17,821 | €34,430 | +€16,608 | +93.2% |
| Profit (loss) for the period | 9904 | €40,792 | €63,236 | +€22,444 | +55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,792 | €63,236 | +€22,444 | +55.0% |
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 18 October 2026 via checked.be.