ECONITIC: 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.
ECONITIC
Largest movements
- Receivables within one year -€80,630
down €80,630 (-69.3%), from €116,279 to €35,649
of which Other amounts receivable: -€77,208
- Cash -€22,839
down €22,839 (-73.0%), from €31,266 to €8,427
mainly Contributions, distributions and other (-€126,666) and Debts after one year (-€9,629)
- Tangible fixed assets -€12,475
down €12,475 (-22.4%), from €55,811 to €43,336
- Financial fixed assets +€3,425
up €3,425 (+50.7%), from €6,755 to €10,180
- Reserves -€107,666
down €107,666 (-66.9%), from €161,000 to €53,334
- Debts after one year -€9,629
down €9,629 (-38.4%), from €25,047 to €15,418
- Other debts +€8,333
new in 2024: €8,333
- Tax, wage and social debts -€5,194
down €5,194 (-46.8%), from €11,106 to €5,912
- Gross operating margin -€11,623
down €11,623 (-21.1%), from €55,030 to €43,408
- Depreciation +€4,032
up €4,032 (+36.0%), from €11,196 to €15,228
- Taxes -€3,935
down €3,935 (-37.6%), from €10,461 to €6,526
- Financial income -€2,031
down €2,031 (-98.9%), from €2,053 to €22
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 | €211,073 | €97,692 | -€113,381 | -53.7% |
| Fixed assets | 21/28 | €62,766 | €53,616 | -€9,150 | -14.6% |
| Intangible fixed assets | 21 | €200 | €100 | -€100 | -50.1% |
| Tangible fixed assets | 22/27 | €55,811 | €43,336 | -€12,475 | -22.4% |
| Furniture and vehicles | 24 | €55,811 | €43,336 | -€12,475 | -22.4% |
| Financial fixed assets | 28 | €6,755 | €10,180 | +€3,425 | +50.7% |
| Current assets | 29/58 | €148,307 | €44,076 | -€104,231 | -70.3% |
| Amounts receivable within one year | 40/41 | €116,279 | €35,649 | -€80,630 | -69.3% |
| Trade receivables | 40 | €37,151 | €33,729 | -€3,423 | -9.2% |
| Other amounts receivable | 41 | €79,128 | €1,920 | -€77,208 | -97.6% |
| Cash at bank and in hand | 54/58 | €31,266 | €8,427 | -€22,839 | -73.0% |
| Deferred charges and accrued income | 490/1 | €761 | - | -€761 | |
| Total equity and liabilities | 10/49 | €211,073 | €97,692 | -€113,381 | -53.7% |
| Equity | 10/15 | €164,131 | €57,225 | -€106,906 | -65.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €161,000 | €53,334 | -€107,666 | -66.9% |
| Distributable reserves | 133 | €161,000 | €53,334 | -€107,666 | -66.9% |
| Profit (loss) carried forward | 14 | €131 | €891 | +€760 | +580.2% |
| Amounts payable | 17/49 | €46,942 | €40,466 | -€6,475 | -13.8% |
| Amounts payable after more than one year | 17 | €25,047 | €15,418 | -€9,629 | -38.4% |
| Financial debts | 170/4 | €25,047 | €15,418 | -€9,629 | -38.4% |
| Amounts payable within one year | 42/48 | €21,895 | €25,048 | +€3,154 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €9,140 | €9,629 | +€489 | +5.4% |
| Financial debts | 43 | €498 | - | -€498 | |
| Credit institutions | 430/8 | €498 | - | -€498 | |
| Trade debts | 44 | €1,150 | €1,174 | +€24 | +2.1% |
| Suppliers | 440/4 | €1,150 | €1,174 | +€24 | +2.1% |
| Taxes, remuneration and social security | 45 | €11,106 | €5,912 | -€5,194 | -46.8% |
| Taxes | 450/3 | €11,106 | €5,912 | -€5,194 | -46.8% |
| Other amounts payable | 47/48 | - | €8,333 | +€8,333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,196 | €15,228 | +€4,032 | +36.0% |
| Other operating charges | 640/8 | €40 | €68 | +€28 | +69.1% |
| Gross operating margin | 9900 | €55,030 | €43,408 | -€11,623 | -21.1% |
| Operating profit (loss) | 9901 | €43,794 | €28,112 | -€15,682 | -35.8% |
| Financial income | 75/76B | €2,053 | €22 | -€2,031 | -98.9% |
| Recurring financial income | 75 | €2,053 | €22 | -€2,031 | -98.9% |
| Financial charges | 65/66B | €1,704 | €1,847 | +€144 | +8.4% |
| Recurring financial charges | 65 | €1,704 | €1,847 | +€144 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €44,144 | €26,286 | -€17,857 | -40.5% |
| Income taxes | 67/77 | €10,461 | €6,526 | -€3,935 | -37.6% |
| Profit (loss) for the period | 9904 | €33,683 | €19,760 | -€13,923 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,683 | €19,760 | -€13,923 | -41.3% |
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 1 October 2026 via checked.be.