ECONGLAS: 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.
ECONGLAS
Largest movements
- Stocks and contracts -€74,195
down €74,195 (-21.7%), from €342,246 to €268,051
of which Stocks: -€72,596
- Receivables within one year +€69,590
up €69,590 (+61.4%), from €113,273 to €182,863
of which Trade receivables: +€41,767
- Cash -€31,763
down €31,763 (-91.4%), from €34,758 to €2,995
mainly Receivables within one year (-€69,590) and Trade debts (-€68,583)
- Deferred charges and accrued income -€16,091
no longer reported in 2024 (was €16,091)
- Trade debts -€68,583
down €68,583 (-32.3%), from €212,582 to €143,998
- Profit (loss) carried forward +€42,527
up €42,527 (+54.4%), from -€78,109 to -€35,582
- Current portion of long-term debt -€20,163
down €20,163 (-28.3%), from €71,152 to €50,990
- Short-term financial debts -€8,682
down €8,682 (-4.7%), from €183,353 to €174,671
- Gross operating margin +€226,049
up €226,049 (+54.0%), from €418,549 to €644,598
- Staff costs +€48,643
up €48,643 (+10.7%), from €453,735 to €502,378
- Financial charges +€11,652
up €11,652 (+65.9%), from €17,679 to €29,332
- Depreciation -€6,931
down €6,931 (-10.9%), from €63,297 to €56,366
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 | €733,722 | €675,622 | -€58,100 | -7.9% |
| Fixed assets | 21/28 | €227,354 | €221,712 | -€5,642 | -2.5% |
| Tangible fixed assets | 22/27 | €227,088 | €221,712 | -€5,376 | -2.4% |
| Land and buildings | 22 | €110,756 | €91,663 | -€19,093 | -17.2% |
| Plant, machinery and equipment | 23 | €83,509 | €59,629 | -€23,879 | -28.6% |
| Furniture and vehicles | 24 | €32,823 | €70,419 | +€37,596 | +115% |
| Financial fixed assets | 28 | €265 | - | -€265 | |
| Current assets | 29/58 | €506,368 | €453,910 | -€52,459 | -10.4% |
| Stocks and contracts in progress | 3 | €342,246 | €268,051 | -€74,195 | -21.7% |
| Stocks | 30/36 | €132,216 | €59,621 | -€72,596 | -54.9% |
| Contracts in progress | 37 | €210,030 | €208,431 | -€1,599 | -0.8% |
| Amounts receivable within one year | 40/41 | €113,273 | €182,863 | +€69,590 | +61.4% |
| Trade receivables | 40 | €71,259 | €113,026 | +€41,767 | +58.6% |
| Other amounts receivable | 41 | €42,014 | €69,837 | +€27,823 | +66.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €34,758 | €2,995 | -€31,763 | -91.4% |
| Deferred charges and accrued income | 490/1 | €16,091 | - | -€16,091 | |
| Total equity and liabilities | 10/49 | €733,722 | €675,622 | -€58,100 | -7.9% |
| Equity | 10/15 | €127,361 | €169,887 | +€42,527 | +33.4% |
| Contributions | 10/11 | €151,000 | €151,000 | = | 0.0% |
| Reserves | 13 | €54,469 | €54,469 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,906 | €4,906 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,906 | €4,906 | = | 0.0% |
| Distributable reserves | 133 | €49,563 | €49,563 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,109 | -€35,582 | +€42,527 | +54.4% |
| Amounts payable | 17/49 | €606,362 | €505,734 | -€100,627 | -16.6% |
| Amounts payable after more than one year | 17 | €87,424 | €83,193 | -€4,231 | -4.8% |
| Financial debts | 170/4 | €87,424 | €83,193 | -€4,231 | -4.8% |
| Amounts payable within one year | 42/48 | €518,938 | €422,541 | -€96,397 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €71,152 | €50,990 | -€20,163 | -28.3% |
| Financial debts | 43 | €183,353 | €174,671 | -€8,682 | -4.7% |
| Credit institutions | 430/8 | €183,353 | €174,671 | -€8,682 | -4.7% |
| Trade debts | 44 | €212,582 | €143,998 | -€68,583 | -32.3% |
| Suppliers | 440/4 | €212,582 | €143,998 | -€68,583 | -32.3% |
| Advances received on contracts in progress | 46 | €451 | €271 | -€180 | -39.9% |
| Taxes, remuneration and social security | 45 | €50,760 | €52,002 | +€1,241 | +2.4% |
| Taxes | 450/3 | €4,965 | €6,798 | +€1,833 | +36.9% |
| Remuneration and social security | 454/9 | €45,795 | €45,204 | -€592 | -1.3% |
| Other amounts payable | 47/48 | €640 | €609 | -€30 | -4.7% |
| Non-recurring operating income | 76A | €3,660 | €14,602 | +€10,942 | +299% |
| Remuneration, social security and pensions | 62 | €453,735 | €502,378 | +€48,643 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,297 | €56,366 | -€6,931 | -10.9% |
| Other operating charges | 640/8 | €11,452 | €12,065 | +€613 | +5.4% |
| Non-recurring operating charges | 66A | €0 | €1,336 | +€1,336 | |
| Gross operating margin | 9900 | €418,549 | €644,598 | +€226,049 | +54.0% |
| Operating profit (loss) | 9901 | -€109,936 | €72,452 | +€182,388 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €17,679 | €29,332 | +€11,652 | +65.9% |
| Recurring financial charges | 65 | €17,679 | €29,332 | +€11,652 | +65.9% |
| Profit (loss) for the period before taxes | 9903 | -€127,615 | €43,120 | +€170,736 | |
| Income taxes | 67/77 | €387 | €593 | +€206 | +53.2% |
| Profit (loss) for the period | 9904 | -€128,003 | €42,527 | +€170,529 | |
| Profit (loss) for the period to be appropriated | 9905 | -€128,003 | €42,527 | +€170,529 |
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 17 October 2026 via checked.be.