eFlow Connect: 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.
eFlow Connect
Largest movements
- Receivables after one year -€2.6m
no longer reported in 2024 (was €2.6m)
- Receivables within one year +€513,330
up €513,330 (+64.5%), from €796,356 to €1.3m
of which Trade receivables: +€491,428
- Cash +€491,562
up €491,562 (+80.8%), from €608,199 to €1.1m
mainly Receivables after one year (+€2.6m) and Net result for the year (+€2.4m)
- Current investments -€203,483
down €203,483 (-50.7%), from €401,650 to €198,167
- Financial fixed assets -€195,500
no longer reported in 2024 (was €195,500)
- Profit (loss) carried forward -€1.3m
down €1.3m (-72.4%), from €1.7m to €482,156
- Reserves -€1.3m
down €1.3m (-50.9%), from €2.5m to €1.2m
of which Distributable reserves: -€816,408
- Trade debts +€556,397
up €556,397 (+244.5%), from €227,540 to €783,937
of which Suppliers: +€557,510
- Revaluation surpluses -€157,000
no longer reported in 2024 (was €157,000)
- Debts after one year -€73,218
no longer reported in 2024 (was €73,218)
- Gross operating margin +€139,714
up €139,714 (+4.4%), from €3.2m to €3.3m
- Taxes +€40,054
up €40,054 (+5.3%), from €750,359 to €790,414
- Other operating charges -€35,338
down €35,338 (-79.8%), from €44,268 to €8,930
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 | €4,830,031 | €2,614,824 | -€2.2m | -45.9% |
| Fixed assets | 21/28 | €351,527 | €7,210 | -€344,317 | -97.9% |
| Intangible fixed assets | 21 | €3,832 | €792 | -€3,040 | -79.3% |
| Tangible fixed assets | 22/27 | €152,195 | €6,418 | -€145,777 | -95.8% |
| Land and buildings | 22 | €143,719 | - | -€143,719 | |
| Furniture and vehicles | 24 | €8,477 | €6,418 | -€2,059 | -24.3% |
| Financial fixed assets | 28 | €195,500 | - | -€195,500 | |
| Current assets | 29/58 | €4,478,504 | €2,607,613 | -€1.9m | -41.8% |
| Amounts receivable after more than one year | 29 | €2,625,215 | - | -€2.6m | |
| Other amounts receivable | 291 | €2,625,215 | - | -€2.6m | |
| Amounts receivable within one year | 40/41 | €796,356 | €1,309,686 | +€513,330 | +64.5% |
| Trade receivables | 40 | €649,388 | €1,140,816 | +€491,428 | +75.7% |
| Other amounts receivable | 41 | €146,968 | €168,870 | +€21,902 | +14.9% |
| Current investments | 50/53 | €401,650 | €198,167 | -€203,483 | -50.7% |
| Cash at bank and in hand | 54/58 | €608,199 | €1,099,761 | +€491,562 | +80.8% |
| Deferred charges and accrued income | 490/1 | €47,083 | - | -€47,083 | |
| Total equity and liabilities | 10/49 | €4,830,031 | €2,614,824 | -€2.2m | -45.9% |
| Equity | 10/15 | €4,369,597 | €1,692,076 | -€2.7m | -61.3% |
| Contributions | 10/11 | €5,000 | €1,598 | -€3,402 | -68.0% |
| Capital | 10 | - | €1,598 | +€1,598 | |
| Issued capital | 100 | - | €1,598 | +€1,598 | |
| Revaluation surpluses | 12 | €157,000 | - | -€157,000 | |
| Reserves | 13 | €2,463,000 | €1,208,322 | -€1.3m | -50.9% |
| Tax-exempt reserves | 132 | €1,263,000 | €824,730 | -€438,270 | -34.7% |
| Distributable reserves | 133 | €1,200,000 | €383,592 | -€816,408 | -68.0% |
| Profit (loss) carried forward | 14 | €1,744,597 | €482,156 | -€1.3m | -72.4% |
| Provisions and deferred taxes | 16 | €28,209 | €28,914 | +€705 | +2.5% |
| Provisions for liabilities and charges | 160/5 | €28,209 | €28,914 | +€705 | +2.5% |
| Other liabilities and charges | 164/5 | €28,209 | €28,914 | +€705 | +2.5% |
| Amounts payable | 17/49 | €432,225 | €893,833 | +€461,609 | +106.8% |
| Amounts payable after more than one year | 17 | €73,218 | - | -€73,218 | |
| Financial debts | 170/4 | €73,218 | - | -€73,218 | |
| Amounts payable within one year | 42/48 | €359,007 | €893,833 | +€534,826 | +149.0% |
| Current portion of amounts payable after more than one year | 42 | €7,909 | - | -€7,909 | |
| Trade debts | 44 | €227,540 | €783,937 | +€556,397 | +244.5% |
| Suppliers | 440/4 | €226,427 | €783,937 | +€557,510 | +246.2% |
| Bills of exchange payable | 441 | €1,113 | - | -€1,113 | |
| Taxes, remuneration and social security | 45 | €23,558 | €38,622 | +€15,064 | +63.9% |
| Taxes | 450/3 | €5,042 | €17,068 | +€12,026 | +238.5% |
| Remuneration and social security | 454/9 | €18,516 | €21,554 | +€3,038 | +16.4% |
| Other amounts payable | 47/48 | €100,000 | €71,274 | -€28,726 | -28.7% |
| Remuneration, social security and pensions | 62 | €91,569 | €92,596 | +€1,027 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,602 | €6,914 | +€312 | +4.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €17,322 | €705 | -€16,617 | -95.9% |
| Other operating charges | 640/8 | €44,268 | €8,930 | -€35,338 | -79.8% |
| Gross operating margin | 9900 | €3,180,657 | €3,320,371 | +€139,714 | +4.4% |
| Operating profit (loss) | 9901 | €3,020,895 | €3,211,226 | +€190,331 | +6.3% |
| Financial income | 75/76B | €46,313 | €26,896 | -€19,417 | -41.9% |
| Recurring financial income | 75 | €46,313 | €26,896 | -€19,417 | -41.9% |
| Financial charges | 65/66B | €51,845 | €47,230 | -€4,615 | -8.9% |
| Recurring financial charges | 65 | €51,845 | €47,230 | -€4,615 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €3,015,364 | €3,190,892 | +€175,528 | +5.8% |
| Income taxes | 67/77 | €750,359 | €790,414 | +€40,054 | +5.3% |
| Profit (loss) for the period | 9904 | €2,265,004 | €2,400,478 | +€135,474 | +6.0% |
| Transfer to tax-exempt reserves | 689 | €842,000 | €421,000 | -€421,000 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,423,004 | €1,979,478 | +€556,474 | +39.1% |
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 2 October 2026 via checked.be.