EFF3CT: 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.
EFF3CT
Largest movements
- Receivables within one year +€408,851
up €408,851 (+49.9%), from €819,249 to €1.2m
of which Trade receivables: +€259,170
- Cash +€138,521
up €138,521 (+104.9%), from €131,990 to €270,511
mainly Trade debts (+€483,187) and Accrued charges and deferred income (+€150,288)
- Tangible fixed assets +€132,925
up €132,925 (+1151.1%), from €11,547 to €144,472
of which Other tangible fixed assets: +€104,045
- Trade debts +€483,187
up €483,187 (+92.0%), from €525,230 to €1.0m
- Accrued charges and deferred income +€150,288
up €150,288, from €0 to €150,288
- Tax, wage and social debts +€51,428
up €51,428 (+74.9%), from €68,630 to €120,059
of which Taxes: +€65,001
- Other debts -€33,827
down €33,827 (-52.6%), from €64,307 to €30,480
- Current portion of long-term debt +€28,599
up €28,599 (+148.7%), from €19,238 to €47,837
- Gross operating margin -€52,683
down €52,683 (-17.0%), from €309,622 to €256,939
- Taxes -€26,337
down €26,337 (-55.7%), from €47,265 to €20,928
- Depreciation +€17,810
up €17,810 (+231.4%), from €7,695 to €25,505
- Financial income +€8,851
up €8,851 (+103.7%), from €8,539 to €17,390
- Staff costs -€8,069
down €8,069 (-4.3%), from €188,776 to €180,707
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 | €971,389 | €1,667,162 | +€695,773 | +71.6% |
| Fixed assets | 21/28 | €19,347 | €159,987 | +€140,640 | +726.9% |
| Intangible fixed assets | 21 | €6,000 | €13,715 | +€7,715 | +128.6% |
| Tangible fixed assets | 22/27 | €11,547 | €144,472 | +€132,925 | +1151.1% |
| Plant, machinery and equipment | 23 | €1,532 | €6,506 | +€4,974 | +324.8% |
| Furniture and vehicles | 24 | €10,016 | €33,922 | +€23,906 | +238.7% |
| Other tangible fixed assets | 26 | - | €104,045 | +€104,045 | |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €952,042 | €1,507,174 | +€555,132 | +58.3% |
| Amounts receivable within one year | 40/41 | €819,249 | €1,228,100 | +€408,851 | +49.9% |
| Trade receivables | 40 | €283,899 | €543,068 | +€259,170 | +91.3% |
| Other amounts receivable | 41 | €535,350 | €685,032 | +€149,682 | +28.0% |
| Cash at bank and in hand | 54/58 | €131,990 | €270,511 | +€138,521 | +104.9% |
| Deferred charges and accrued income | 490/1 | €803 | €8,563 | +€7,760 | +966.7% |
| Total equity and liabilities | 10/49 | €971,389 | €1,667,162 | +€695,773 | +71.6% |
| Equity | 10/15 | €123,690 | €149,964 | +€26,274 | +21.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €50,900 | €50,900 | = | 0.0% |
| Distributable reserves | 133 | €50,900 | €50,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,790 | €79,064 | +€26,274 | +49.8% |
| Amounts payable | 17/49 | €847,699 | €1,517,198 | +€669,498 | +79.0% |
| Amounts payable after more than one year | 17 | €144,160 | €155,215 | +€11,056 | +7.7% |
| Financial debts | 170/4 | €144,160 | €155,215 | +€11,056 | +7.7% |
| Amounts payable within one year | 42/48 | €703,540 | €1,211,695 | +€508,155 | +72.2% |
| Current portion of amounts payable after more than one year | 42 | €19,238 | €47,837 | +€28,599 | +148.7% |
| Financial debts | 43 | €26,134 | €4,902 | -€21,232 | -81.2% |
| Credit institutions | 430/8 | €26,134 | €4,902 | -€21,232 | -81.2% |
| Trade debts | 44 | €525,230 | €1,008,418 | +€483,187 | +92.0% |
| Suppliers | 440/4 | €525,230 | €1,008,418 | +€483,187 | +92.0% |
| Taxes, remuneration and social security | 45 | €68,630 | €120,059 | +€51,428 | +74.9% |
| Taxes | 450/3 | €36,385 | €101,386 | +€65,001 | +178.6% |
| Remuneration and social security | 454/9 | €32,246 | €18,673 | -€13,573 | -42.1% |
| Other amounts payable | 47/48 | €64,307 | €30,480 | -€33,827 | -52.6% |
| Accrued charges and deferred income | 492/3 | €0 | €150,288 | +€150,288 | |
| Non-recurring operating income | 76A | €4,676 | €0 | -€4,676 | -100.0% |
| Remuneration, social security and pensions | 62 | €188,776 | €180,707 | -€8,069 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,695 | €25,505 | +€17,810 | +231.4% |
| Other operating charges | 640/8 | €552 | €2,624 | +€2,072 | +375.2% |
| Gross operating margin | 9900 | €309,622 | €256,939 | -€52,683 | -17.0% |
| Operating profit (loss) | 9901 | €112,599 | €48,104 | -€64,495 | -57.3% |
| Financial income | 75/76B | €8,539 | €17,390 | +€8,851 | +103.7% |
| Recurring financial income | 75 | €8,539 | €17,390 | +€8,851 | +103.7% |
| Financial charges | 65/66B | €13,613 | €18,292 | +€4,679 | +34.4% |
| Recurring financial charges | 65 | €13,613 | €18,292 | +€4,679 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €107,525 | €47,202 | -€60,323 | -56.1% |
| Income taxes | 67/77 | €47,265 | €20,928 | -€26,337 | -55.7% |
| Profit (loss) for the period | 9904 | €60,261 | €26,274 | -€33,986 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,261 | €26,274 | -€33,986 | -56.4% |
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 4 October 2026 via checked.be.