ROEFS: 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.
What changed
ROEFS
NACE 37.000, Sewerage
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€1.9m
2023 · €669,257+€1.2m
Equity
€8.8m
2023 · €6.9m+€1.9m
Cash
€849,715
2023 · €828,018+€21,697
Balance sheet total
€26.1m
2023 · €17.5m+€8.6m
Largest movements
Assets
- Receivables within one year +€7.3m
up €7.3m (+50.3%), from €14.5m to €21.7m
of which Other amounts receivable: +€4.7m
- Tangible fixed assets +€1.4m
up €1.4m (+121.5%), from €1.1m to €2.5m
of which Leasing and similar rights: +€1.3m
Equity and liabilities
- Trade debts +€3.6m
up €3.6m (+44.2%), from €8.1m to €11.7m
- Reserves +€1.9m
up €1.9m (+27.9%), from €6.8m to €8.7m
of which Distributable reserves: +€1.9m
- Short-term financial debts +€1.4m
up €1.4m (+160.6%), from €850,650 to €2.2m
- Debts after one year +€1.3m
up €1.3m (+487.7%), from €261,941 to €1.5m
- Accrued charges and deferred income +€394,209
up €394,209 (+6333.7%), from €6,224 to €400,433
Income statement
- Turnover +€8.0m
up €8.0m (+26.9%), from €29.6m to €37.6m
- Staff costs +€3.0m
up €3.0m (+64.0%), from €4.6m to €7.6m
- Goods and materials +€2.8m
up €2.8m (+14.5%), from €19.1m to €21.8m
- Taxes +€409,629
up €409,629 (+149.0%), from €275,000 to €684,629
of which Taxes: +€411,000
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
€669,257
Turnover
+€8.0m
Other operating income
+€4,669
Goods and materials
-€2.8m
Services and other goods
-€276,139
Staff costs
-€3.0m
Depreciation
-€170,427
Write-downs
-€99,788
Provisions
-€56,500
Other operating charges
+€16,037
Other operating items
-€1,315
Financial income
+€116,688
Financial charges
-€125,791
Taxes
-€409,629
Result 2024
€1.9m
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.
From operations
-€962,992
Investment
-€1.9m
Financing
+€2.9m
Cash 2023
€828,018
From operations (derived)
-€962,992
Net result for the year
+€1.9m
Depreciation
+€591,093
Receivables within one year
-€7.3m
Deferred charges and accrued income
-€58,097
Provisions
-€105,000
Trade debts
+€3.6m
Tax, wage and social debts
+€323,448
Other debts
-€329,274
Accrued charges and deferred income
+€394,209
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.9m
Financing
+€2.9m
Debts after one year
+€1.3m
Current portion of long-term debt
+€216,199
Short-term financial debts
+€1.4m
Cash 2024
€849,715
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,499,616 | €26,127,142 | +€8.6m | +49.3% |
| Fixed assets | 21/28 | €2,164,847 | €3,448,569 | +€1.3m | +59.3% |
| Intangible fixed assets | 21 | €645,617 | €695,143 | +€49,526 | +7.7% |
| Tangible fixed assets | 22/27 | €1,117,511 | €2,475,238 | +€1.4m | +121.5% |
| Plant, machinery and equipment | 23 | €573,209 | €460,660 | -€112,550 | -19.6% |
| Furniture and vehicles | 24 | €72,022 | €243,034 | +€171,012 | +237.4% |
| Leasing and similar rights | 25 | - | €1,313,807 | +€1.3m | |
| Other tangible fixed assets | 26 | €222,280 | €207,737 | -€14,543 | -6.5% |
| Assets under construction and advance payments | 27 | €250,000 | €250,000 | = | 0.0% |
| Financial fixed assets | 28 | €401,719 | €278,189 | -€123,530 | -30.8% |
| Other financial fixed assets | 284/8 | €401,719 | €278,189 | -€123,530 | -30.8% |
| Amounts receivable and cash guarantees | 285/8 | €401,719 | €278,189 | -€123,530 | -30.8% |
| Current assets | 29/58 | €15,334,769 | €22,678,573 | +€7.3m | +47.9% |
| Amounts receivable within one year | 40/41 | €14,450,639 | €21,714,648 | +€7.3m | +50.3% |
| Trade receivables | 40 | €10,220,061 | €12,784,505 | +€2.6m | +25.1% |
| Other amounts receivable | 41 | €4,230,578 | €8,930,143 | +€4.7m | +111.1% |
| Cash at bank and in hand | 54/58 | €828,018 | €849,715 | +€21,697 | +2.6% |
| Deferred charges and accrued income | 490/1 | €56,112 | €114,210 | +€58,097 | +103.5% |
| Total equity and liabilities | 10/49 | €17,499,616 | €26,127,142 | +€8.6m | +49.3% |
| Equity | 10/15 | €6,898,337 | €8,807,124 | +€1.9m | +27.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,836,837 | €8,745,624 | +€1.9m | +27.9% |
| Non-distributable reserves | 130/1 | €8,010 | €8,010 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,828,827 | €8,737,614 | +€1.9m | +28.0% |
| Provisions and deferred taxes | 16 | €210,000 | €105,000 | -€105,000 | -50.0% |
| Provisions for liabilities and charges | 160/5 | €210,000 | €105,000 | -€105,000 | -50.0% |
| Environmental obligations | 163 | €210,000 | - | -€210,000 | |
| Other liabilities and charges | 164/5 | - | €105,000 | +€105,000 | |
| Amounts payable | 17/49 | €10,391,279 | €17,215,018 | +€6.8m | +65.7% |
| Amounts payable after more than one year | 17 | €261,941 | €1,539,320 | +€1.3m | +487.7% |
| Financial debts | 170/4 | €261,941 | €1,539,320 | +€1.3m | +487.7% |
| Leasing and similar obligations | 172 | - | €1,137,421 | +€1.1m | |
| Credit institutions | 173 | €261,941 | €401,899 | +€139,958 | +53.4% |
| Amounts payable within one year | 42/48 | €10,123,114 | €15,275,265 | +€5.2m | +50.9% |
| Current portion of amounts payable after more than one year | 42 | €82,480 | €298,679 | +€216,199 | +262.1% |
| Financial debts | 43 | €850,650 | €2,216,577 | +€1.4m | +160.6% |
| Credit institutions | 430/8 | €850,650 | €2,216,577 | +€1.4m | +160.6% |
| Trade debts | 44 | €8,092,429 | €11,668,281 | +€3.6m | +44.2% |
| Suppliers | 440/4 | €8,092,429 | €11,668,281 | +€3.6m | +44.2% |
| Taxes, remuneration and social security | 45 | €764,692 | €1,088,140 | +€323,448 | +42.3% |
| Taxes | 450/3 | €176,424 | €194,845 | +€18,421 | +10.4% |
| Remuneration and social security | 454/9 | €588,268 | €893,295 | +€305,027 | +51.9% |
| Other amounts payable | 47/48 | €332,862 | €3,588 | -€329,274 | -98.9% |
| Accrued charges and deferred income | 492/3 | €6,224 | €400,433 | +€394,209 | +6333.7% |
| Operating income | 70/76A | €29,681,760 | €37,656,944 | +€8.0m | +26.9% |
| Turnover | 70 | €29,644,096 | €37,615,927 | +€8.0m | +26.9% |
| Other operating income | 74 | €34,321 | €38,990 | +€4,669 | +13.6% |
| Non-recurring operating income | 76A | €3,342 | €2,028 | -€1,315 | -39.3% |
| Operating charges | 60/66A | €28,788,318 | €35,105,240 | +€6.3m | +21.9% |
| Goods for resale, raw materials and consumables | 60 | €19,052,151 | €21,815,527 | +€2.8m | +14.5% |
| Purchases | 600/8 | €19,052,151 | €21,815,527 | +€2.8m | +14.5% |
| Services and other goods | 61 | €4,713,795 | €4,989,934 | +€276,139 | +5.9% |
| Remuneration, social security and pensions | 62 | €4,635,958 | €7,602,687 | +€3.0m | +64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €420,666 | €591,093 | +€170,427 | +40.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,175 | €105,963 | +€99,788 | +1616.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€161,500 | -€105,000 | +€56,500 | +35.0% |
| Other operating charges | 640/8 | €121,073 | €105,036 | -€16,037 | -13.2% |
| Operating profit (loss) | 9901 | €893,442 | €2,551,705 | +€1.7m | +185.6% |
| Financial income | 75/76B | €99,973 | €216,661 | +€116,688 | +116.7% |
| Recurring financial income | 75 | €99,973 | €216,661 | +€116,688 | +116.7% |
| Income from current assets | 751 | €52,837 | €179,867 | +€127,030 | +240.4% |
| Other financial income | 752/9 | €47,136 | €36,793 | -€10,343 | -21.9% |
| Financial charges | 65/66B | €49,158 | €174,950 | +€125,791 | +255.9% |
| Recurring financial charges | 65 | €49,158 | €174,950 | +€125,791 | +255.9% |
| Debt charges | 650 | €45,059 | €168,753 | +€123,694 | +274.5% |
| Other financial charges | 652/9 | €4,099 | €6,197 | +€2,097 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €944,257 | €2,593,416 | +€1.6m | +174.7% |
| Income taxes | 67/77 | €275,000 | €684,629 | +€409,629 | +149.0% |
| Taxes | 670/3 | €275,000 | €686,000 | +€411,000 | +149.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1,371 | +€1,371 | |
| Profit (loss) for the period | 9904 | €669,257 | €1,908,787 | +€1.2m | +185.2% |
| Profit (loss) for the period to be appropriated | 9905 | €669,257 | €1,908,787 | +€1.2m | +185.2% |
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 1 October 2026 via checked.be.