Effitrax: 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.
Effitrax
Largest movements
- Intangible fixed assets +€159,782
up €159,782 (+12.8%), from €1.2m to €1.4m
- Stocks and contracts -€33,272
down €33,272 (-50.6%), from €65,779 to €32,507
- Receivables within one year -€32,097
down €32,097 (-7.5%), from €429,670 to €397,573
of which Other amounts receivable: -€31,350
- Debts after one year +€273,909
up €273,909 (+24.7%), from €1.1m to €1.4m
of which Financial debts: +€180,309
- Profit (loss) carried forward -€273,406
down €273,406 (-19.6%), from -€1.4m to -€1.7m
- Trade debts +€35,714
up €35,714 (+7.4%), from €482,949 to €518,663
- Tax, wage and social debts +€33,341
up €33,341 (+13.7%), from €242,828 to €276,168
of which Remuneration and social security: +€54,459
- Gross operating margin -€93,491
down €93,491 (-19.5%), from €479,411 to €385,920
- Staff costs -€72,425
down €72,425 (-16.9%), from €428,136 to €355,710
- Depreciation +€45,416
up €45,416 (+25.7%), from €176,807 to €222,223
- Financial charges +€8,708
up €8,708 (+12.9%), from €67,706 to €76,414
- Financial income -€6,183
down €6,183 (-98.1%), from €6,304 to €121
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 | €1,850,163 | €1,938,830 | +€88,668 | +4.8% |
| Fixed assets | 21/28 | €1,325,509 | €1,499,962 | +€174,453 | +13.2% |
| Intangible fixed assets | 21 | €1,247,992 | €1,407,775 | +€159,782 | +12.8% |
| Tangible fixed assets | 22/27 | €64,900 | €79,120 | +€14,221 | +21.9% |
| Plant, machinery and equipment | 23 | €32,736 | €23,946 | -€8,790 | -26.9% |
| Furniture and vehicles | 24 | €17,860 | €42,931 | +€25,071 | +140.4% |
| Other tangible fixed assets | 26 | €14,304 | €12,243 | -€2,060 | -14.4% |
| Financial fixed assets | 28 | €12,617 | €13,067 | +€450 | +3.6% |
| Current assets | 29/58 | €524,654 | €438,869 | -€85,785 | -16.4% |
| Stocks and contracts in progress | 3 | €65,779 | €32,507 | -€33,272 | -50.6% |
| Stocks | 30/36 | €65,779 | €32,507 | -€33,272 | -50.6% |
| Amounts receivable within one year | 40/41 | €429,670 | €397,573 | -€32,097 | -7.5% |
| Trade receivables | 40 | €308,115 | €307,367 | -€747 | -0.2% |
| Other amounts receivable | 41 | €121,555 | €90,206 | -€31,350 | -25.8% |
| Cash at bank and in hand | 54/58 | €22,693 | €4,498 | -€18,195 | -80.2% |
| Deferred charges and accrued income | 490/1 | €6,512 | €4,291 | -€2,221 | -34.1% |
| Total equity and liabilities | 10/49 | €1,850,163 | €1,938,830 | +€88,668 | +4.8% |
| Equity | 10/15 | €14,401 | -€259,005 | -€273,406 | |
| Contributions | 10/11 | €1,314,507 | €1,314,507 | = | 0.0% |
| Reserves | 13 | €93,618 | €93,618 | = | 0.0% |
| Non-distributable reserves | 130/1 | €93,618 | €93,618 | = | 0.0% |
| Other | 1319 | €93,618 | €93,618 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,393,724 | -€1,667,130 | -€273,406 | -19.6% |
| Amounts payable | 17/49 | €1,835,762 | €2,197,836 | +€362,074 | +19.7% |
| Amounts payable after more than one year | 17 | €1,107,063 | €1,380,972 | +€273,909 | +24.7% |
| Financial debts | 170/4 | €1,107,063 | €1,287,372 | +€180,309 | +16.3% |
| Other amounts payable | 178/9 | €0 | €93,600 | +€93,600 | |
| Amounts payable within one year | 42/48 | €728,699 | €815,397 | +€86,698 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | - | €4,748 | +€4,748 | |
| Financial debts | 43 | €0 | €12,449 | +€12,449 | |
| Credit institutions | 430/8 | €0 | €12,449 | +€12,449 | |
| Trade debts | 44 | €482,949 | €518,663 | +€35,714 | +7.4% |
| Suppliers | 440/4 | €482,949 | €518,663 | +€35,714 | +7.4% |
| Taxes, remuneration and social security | 45 | €242,828 | €276,168 | +€33,341 | +13.7% |
| Taxes | 450/3 | €96,284 | €75,166 | -€21,118 | -21.9% |
| Remuneration and social security | 454/9 | €146,544 | €201,003 | +€54,459 | +37.2% |
| Other amounts payable | 47/48 | €2,922 | €3,368 | +€446 | +15.3% |
| Accrued charges and deferred income | 492/3 | - | €1,468 | +€1,468 | |
| Remuneration, social security and pensions | 62 | €428,136 | €355,710 | -€72,425 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,807 | €222,223 | +€45,416 | +25.7% |
| Other operating charges | 640/8 | €10,201 | €4,257 | -€5,944 | -58.3% |
| Gross operating margin | 9900 | €479,411 | €385,920 | -€93,491 | -19.5% |
| Operating profit (loss) | 9901 | -€135,733 | -€196,270 | -€60,537 | -44.6% |
| Financial income | 75/76B | €6,304 | €121 | -€6,183 | -98.1% |
| Recurring financial income | 75 | €6,304 | €121 | -€6,183 | -98.1% |
| Financial charges | 65/66B | €67,706 | €76,414 | +€8,708 | +12.9% |
| Recurring financial charges | 65 | €67,706 | €76,414 | +€8,708 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | -€197,135 | -€272,564 | -€75,428 | -38.3% |
| Income taxes | 67/77 | €1,167 | €843 | -€325 | -27.8% |
| Profit (loss) for the period | 9904 | -€198,302 | -€273,406 | -€75,104 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€198,302 | -€273,406 | -€75,104 | -37.9% |
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 7 October 2026 via checked.be.