EFQM: 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.
What changed
EFQM
NACE 73.200, Market research and public opinion polling
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€415,359
2023 · €219,195+€196,164
Equity
€1.4m
2023 · €979,112+€415,359
Cash
€1.1m
2023 · €1.5m-€416,751
Balance sheet total
€3.2m
2023 · €2.7m+€488,595
Largest movements
Assets
- Receivables within one year +€779,660
up €779,660 (+75.2%), from €1.0m to €1.8m
of which Trade receivables: +€801,195
- Cash -€416,751
down €416,751 (-27.7%), from €1.5m to €1.1m
mainly Receivables within one year (-€779,660) and Receivables after one year (-€150,000)
- Receivables after one year +€150,000
new in 2024: €150,000
- Intangible fixed assets -€87,932
down €87,932 (-81.9%), from €107,327 to €19,395
- Deferred charges and accrued income +€34,938
new in 2024: €34,938
Equity and liabilities
- Profit (loss) carried forward +€415,359
up €415,359 (+71.1%), from €584,395 to €999,754
- Accrued charges and deferred income +€101,948
up €101,948 (+12.9%), from €787,836 to €889,784
- Trade debts -€51,023
down €51,023 (-15.1%), from €338,678 to €287,655
Income statement
- Turnover +€252,390
up €252,390 (+4.6%), from €5.5m to €5.7m
- Staff costs +€248,774
up €248,774 (+9.8%), from €2.5m to €2.8m
- Write-downs -€177,990
down €177,990, from €150,324 to -€27,666
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.
Result 2023
€219,195
Turnover
+€252,390
Other operating income
+€3,800
Services and other goods
-€18,486
Staff costs
-€248,774
Depreciation
+€29,364
Write-downs
+€177,990
Other operating charges
-€2,515
Financial income
-€27,069
Financial charges
+€47,549
Taxes
-€18,085
Result 2024
€415,359
raises the resultlowers the result
Derived cash bridge
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.
From operations
-€375,216
Investment
-€41,535
Financing
€0
Cash 2023
€1.5m
From operations (derived)
-€375,216
Net result for the year
+€415,359
Depreciation
+€100,787
Receivables after one year
-€150,000
Receivables within one year
-€779,660
Deferred charges and accrued income
-€34,938
Trade debts
-€51,023
Tax, wage and social debts
+€22,311
Accrued charges and deferred income
+€101,948
Investment (derived)
-€41,535
Investment in fixed assets (net)
-€41,535
Cash 2024
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,672,404 | €3,160,999 | +€488,595 | +18.3% |
| Fixed assets | 21/28 | €129,450 | €70,198 | -€59,252 | -45.8% |
| Intangible fixed assets | 21 | €107,327 | €19,395 | -€87,932 | -81.9% |
| Tangible fixed assets | 22/27 | €17,777 | €16,208 | -€1,569 | -8.8% |
| Plant, machinery and equipment | 23 | €17,777 | €16,208 | -€1,569 | -8.8% |
| Financial fixed assets | 28 | €4,346 | €34,595 | +€30,249 | +696% |
| Affiliated companies | 280/1 | - | €6,511 | +€6,511 | |
| Participating interests | 280 | - | €6,511 | +€6,511 | |
| Other financial fixed assets | 284/8 | €4,346 | €28,084 | +€23,738 | +546% |
| Amounts receivable and cash guarantees | 285/8 | €4,346 | €28,084 | +€23,738 | +546% |
| Current assets | 29/58 | €2,542,954 | €3,090,801 | +€547,847 | +21.5% |
| Amounts receivable after more than one year | 29 | - | €150,000 | +€150,000 | |
| Other amounts receivable | 291 | - | €150,000 | +€150,000 | |
| Amounts receivable within one year | 40/41 | €1,036,298 | €1,815,958 | +€779,660 | +75.2% |
| Trade receivables | 40 | €927,392 | €1,728,587 | +€801,195 | +86.4% |
| Other amounts receivable | 41 | €108,906 | €87,371 | -€21,535 | -19.8% |
| Cash at bank and in hand | 54/58 | €1,506,656 | €1,089,905 | -€416,751 | -27.7% |
| Deferred charges and accrued income | 490/1 | - | €34,938 | +€34,938 | |
| Total equity and liabilities | 10/49 | €2,672,404 | €3,160,999 | +€488,595 | +18.3% |
| Equity | 10/15 | €979,112 | €1,394,471 | +€415,359 | +42.4% |
| Contributions | 10/11 | €394,717 | €394,717 | = | 0.0% |
| Capital | 10 | €394,717 | €394,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | €584,395 | €999,754 | +€415,359 | +71.1% |
| Amounts payable | 17/49 | €1,693,292 | €1,766,528 | +€73,236 | +4.3% |
| Amounts payable within one year | 42/48 | €905,456 | €876,744 | -€28,712 | -3.2% |
| Trade debts | 44 | €338,678 | €287,655 | -€51,023 | -15.1% |
| Suppliers | 440/4 | €338,678 | €287,655 | -€51,023 | -15.1% |
| Taxes, remuneration and social security | 45 | €566,778 | €589,089 | +€22,311 | +3.9% |
| Taxes | 450/3 | €54,757 | €50,529 | -€4,228 | -7.7% |
| Remuneration and social security | 454/9 | €512,021 | €538,560 | +€26,539 | +5.2% |
| Accrued charges and deferred income | 492/3 | €787,836 | €889,784 | +€101,948 | +12.9% |
| Operating income | 70/76A | €5,475,266 | €5,731,456 | +€256,190 | +4.7% |
| Turnover | 70 | €5,471,495 | €5,723,885 | +€252,390 | +4.6% |
| Other operating income | 74 | €3,771 | €7,571 | +€3,800 | +101% |
| Operating charges | 60/66A | €5,167,663 | €5,230,084 | +€62,421 | +1.2% |
| Services and other goods | 61 | €2,275,629 | €2,294,115 | +€18,486 | +0.8% |
| Remuneration, social security and pensions | 62 | €2,531,233 | €2,780,007 | +€248,774 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,151 | €100,787 | -€29,364 | -22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €150,324 | -€27,666 | -€177,990 | |
| Other operating charges | 640/8 | €80,326 | €82,841 | +€2,515 | +3.1% |
| Operating profit (loss) | 9901 | €307,603 | €501,372 | +€193,769 | +63.0% |
| Financial income | 75/76B | €72,404 | €45,335 | -€27,069 | -37.4% |
| Recurring financial income | 75 | €72,404 | €45,335 | -€27,069 | -37.4% |
| Other financial income | 752/9 | €72,404 | €45,335 | -€27,069 | -37.4% |
| Financial charges | 65/66B | €146,523 | €98,974 | -€47,549 | -32.5% |
| Recurring financial charges | 65 | €146,523 | €98,974 | -€47,549 | -32.5% |
| Debt charges | 650 | - | €155 | +€155 | |
| Other financial charges | 652/9 | €146,523 | €98,819 | -€47,704 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €233,484 | €447,733 | +€214,249 | +91.8% |
| Income taxes | 67/77 | €14,289 | €32,374 | +€18,085 | +127% |
| Taxes | 670/3 | €14,289 | €32,374 | +€18,085 | +127% |
| Profit (loss) for the period | 9904 | €219,195 | €415,359 | +€196,164 | +89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €219,195 | €415,359 | +€196,164 | +89.5% |
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 18 October 2026 via checked.be.