EKIFOOD: 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.
EKIFOOD
Largest movements
- Cash -€45,036
down €45,036 (-64.1%), from €70,278 to €25,242
mainly Net result for the year (-€202,594) and Investment in fixed assets (net) (-€25,064)
- Deferred charges and accrued income -€18,560
down €18,560 (-90.6%), from €20,496 to €1,936
- Stocks and contracts -€18,139
down €18,139 (-16.8%), from €108,167 to €90,028
- Tangible fixed assets +€13,767
up €13,767 (+33.3%), from €41,351 to €55,118
of which Furniture and vehicles: +€11,881
- Receivables within one year +€4,962
up €4,962 (+38.8%), from €12,778 to €17,740
of which Other amounts receivable: +€4,341
- Profit (loss) carried forward -€202,594
down €202,594 (-162%), from -€125,013 to -€327,607
- Trade debts +€56,113
up €56,113 (+22.8%), from €246,578 to €302,691
- Short-term financial debts +€45,012
up €45,012 (+265%), from €17,000 to €62,012
- Debts after one year +€30,000
new in 2024: €30,000
- Tax, wage and social debts +€9,985
up €9,985 (+29.1%), from €34,300 to €44,285
of which Remuneration and social security: +€9,781
- Gross operating margin -€209,313
down €209,313 (-54.6%), from €383,072 to €173,759
- Staff costs -€123,499
down €123,499 (-26.3%), from €470,246 to €346,747
- Financial charges -€6,028
down €6,028 (-27.7%), from €21,754 to €15,725
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €257,748 | €193,881 | -€63,868 | -24.8% |
| Formation expenses | 20 | €3,339 | €2,477 | -€861 | -25.8% |
| Fixed assets | 21/28 | €42,691 | €56,458 | +€13,767 | +32.2% |
| Tangible fixed assets | 22/27 | €41,351 | €55,118 | +€13,767 | +33.3% |
| Plant, machinery and equipment | 23 | €11,765 | €17,390 | +€5,626 | +47.8% |
| Furniture and vehicles | 24 | €7,755 | €19,636 | +€11,881 | +153% |
| Other tangible fixed assets | 26 | €21,830 | €18,091 | -€3,740 | -17.1% |
| Financial fixed assets | 28 | €1,340 | €1,340 | = | 0.0% |
| Current assets | 29/58 | €211,719 | €134,946 | -€76,773 | -36.3% |
| Stocks and contracts in progress | 3 | €108,167 | €90,028 | -€18,139 | -16.8% |
| Stocks | 30/36 | €108,167 | €90,028 | -€18,139 | -16.8% |
| Amounts receivable within one year | 40/41 | €12,778 | €17,740 | +€4,962 | +38.8% |
| Trade receivables | 40 | - | €621 | +€621 | |
| Other amounts receivable | 41 | €12,778 | €17,119 | +€4,341 | +34.0% |
| Cash at bank and in hand | 54/58 | €70,278 | €25,242 | -€45,036 | -64.1% |
| Deferred charges and accrued income | 490/1 | €20,496 | €1,936 | -€18,560 | -90.6% |
| Total equity and liabilities | 10/49 | €257,748 | €193,881 | -€63,868 | -24.8% |
| Equity | 10/15 | -€42,513 | -€245,107 | -€202,594 | -477% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,013 | -€327,607 | -€202,594 | -162% |
| Amounts payable | 17/49 | €300,261 | €438,988 | +€138,727 | +46.2% |
| Amounts payable after more than one year | 17 | - | €30,000 | +€30,000 | |
| Financial debts | 170/4 | - | €30,000 | +€30,000 | |
| Amounts payable within one year | 42/48 | €300,261 | €408,988 | +€108,727 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €2,383 | - | -€2,383 | |
| Financial debts | 43 | €17,000 | €62,012 | +€45,012 | +265% |
| Credit institutions | 430/8 | €17,000 | €62,012 | +€45,012 | +265% |
| Trade debts | 44 | €246,578 | €302,691 | +€56,113 | +22.8% |
| Suppliers | 440/4 | €246,578 | €302,691 | +€56,113 | +22.8% |
| Taxes, remuneration and social security | 45 | €34,300 | €44,285 | +€9,985 | +29.1% |
| Taxes | 450/3 | - | €205 | +€205 | |
| Remuneration and social security | 454/9 | €34,300 | €44,081 | +€9,781 | +28.5% |
| Non-recurring operating income | 76A | €2,418 | - | -€2,418 | |
| Remuneration, social security and pensions | 62 | €470,246 | €346,747 | -€123,499 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,606 | €12,159 | -€3,448 | -22.1% |
| Other operating charges | 640/8 | €1,036 | €1,726 | +€690 | +66.6% |
| Gross operating margin | 9900 | €383,072 | €173,759 | -€209,313 | -54.6% |
| Operating profit (loss) | 9901 | -€103,816 | -€186,872 | -€83,056 | -80.0% |
| Financial income | 75/76B | €168 | €3 | -€164 | -97.9% |
| Recurring financial income | 75 | €168 | €3 | -€164 | -97.9% |
| Financial charges | 65/66B | €21,754 | €15,725 | -€6,028 | -27.7% |
| Recurring financial charges | 65 | €21,754 | €15,725 | -€6,028 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | -€125,402 | -€202,594 | -€77,192 | -61.6% |
| Income taxes | 67/77 | -€389 | - | +€389 | |
| Profit (loss) for the period | 9904 | -€125,013 | -€202,594 | -€77,581 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€125,013 | -€202,594 | -€77,581 | -62.1% |
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 14 October 2026 via checked.be.