EFFECT-IT: 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.
EFFECT-IT
Largest movements
- Cash +€84,813
up €84,813 (+50.1%), from €169,244 to €254,057
mainly Net result for the year (+€144,255) and Other debts (+€94,774)
- Receivables within one year +€21,548
up €21,548 (+21.3%), from €101,048 to €122,596
of which Trade receivables: +€51,100
- Other debts +€94,774
up €94,774 (+141.9%), from €66,791 to €161,565
- Tax, wage and social debts +€39,021
up €39,021 (+760.3%), from €5,133 to €44,153
of which Taxes: +€39,021
- Debts after one year -€20,873
down €20,873 (-26.3%), from €79,319 to €58,447
- Trade debts -€17,144
down €17,144 (-88.7%), from €19,337 to €2,192
- Reserves +€8,252
up €8,252 (+1.6%), from €503,769 to €512,020
of which Distributable reserves: +€8,252
- Gross operating margin +€67,667
up €67,667 (+41.5%), from €163,165 to €230,832
- Taxes +€18,889
up €18,889 (+42.5%), from €44,459 to €63,348
- Other operating charges +€6,632
up €6,632 (+118.7%), from €5,589 to €12,221
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 | €701,094 | €806,486 | +€105,392 | +15.0% |
| Fixed assets | 21/28 | €422,813 | €422,948 | +€134 | 0.0% |
| Tangible fixed assets | 22/27 | €422,813 | €418,298 | -€4,516 | -1.1% |
| Land and buildings | 22 | €413,813 | €407,886 | -€5,927 | -1.4% |
| Furniture and vehicles | 24 | - | €1,412 | +€1,412 | |
| Other tangible fixed assets | 26 | €9,000 | €9,000 | = | 0.0% |
| Financial fixed assets | 28 | - | €4,650 | +€4,650 | |
| Current assets | 29/58 | €278,281 | €383,538 | +€105,257 | +37.8% |
| Amounts receivable within one year | 40/41 | €101,048 | €122,596 | +€21,548 | +21.3% |
| Trade receivables | 40 | €71,496 | €122,596 | +€51,100 | +71.5% |
| Other amounts receivable | 41 | €29,552 | €0 | -€29,552 | -100.0% |
| Current investments | 50/53 | €1 | €1 | -€1 | -53.4% |
| Cash at bank and in hand | 54/58 | €169,244 | €254,057 | +€84,813 | +50.1% |
| Deferred charges and accrued income | 490/1 | €7,988 | €6,885 | -€1,103 | -13.8% |
| Total equity and liabilities | 10/49 | €701,094 | €806,486 | +€105,392 | +15.0% |
| Equity | 10/15 | €509,969 | €518,220 | +€8,252 | +1.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €503,769 | €512,020 | +€8,252 | +1.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €503,769 | €512,020 | +€8,252 | +1.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €191,126 | €288,266 | +€97,140 | +50.8% |
| Amounts payable after more than one year | 17 | €79,319 | €58,447 | -€20,873 | -26.3% |
| Financial debts | 170/4 | €79,319 | €58,447 | -€20,873 | -26.3% |
| Amounts payable within one year | 42/48 | €111,721 | €228,784 | +€117,063 | +104.8% |
| Current portion of amounts payable after more than one year | 42 | €20,461 | €20,873 | +€412 | +2.0% |
| Trade debts | 44 | €19,337 | €2,192 | -€17,144 | -88.7% |
| Suppliers | 440/4 | €19,337 | €2,192 | -€17,144 | -88.7% |
| Taxes, remuneration and social security | 45 | €5,133 | €44,153 | +€39,021 | +760.3% |
| Taxes | 450/3 | €5,133 | €44,153 | +€39,021 | +760.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €66,791 | €161,565 | +€94,774 | +141.9% |
| Accrued charges and deferred income | 492/3 | €85 | €1,035 | +€950 | +1114.4% |
| Non-recurring operating income | 76A | - | €1,039 | +€1,039 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,927 | €6,079 | +€152 | +2.6% |
| Other operating charges | 640/8 | €5,589 | €12,221 | +€6,632 | +118.7% |
| Gross operating margin | 9900 | €163,165 | €230,832 | +€67,667 | +41.5% |
| Operating profit (loss) | 9901 | €151,649 | €212,531 | +€60,883 | +40.1% |
| Financial income | 75/76B | €731 | €6 | -€725 | -99.2% |
| Recurring financial income | 75 | €731 | €6 | -€725 | -99.2% |
| Financial charges | 65/66B | €5,224 | €4,934 | -€289 | -5.5% |
| Recurring financial charges | 65 | €5,224 | €4,934 | -€289 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €147,156 | €207,603 | +€60,447 | +41.1% |
| Income taxes | 67/77 | €44,459 | €63,348 | +€18,889 | +42.5% |
| Profit (loss) for the period | 9904 | €102,697 | €144,255 | +€41,557 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,697 | €144,255 | +€41,557 | +40.5% |
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 12 October 2026 via checked.be.