EORTA: 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.
EORTA
Largest movements
- Intangible fixed assets -€421,888
down €421,888 (-38.9%), from €1.1m to €662,658
- Receivables within one year +€59,231
up €59,231 (+69.5%), from €85,236 to €144,467
of which Other amounts receivable: +€58,427
- Profit (loss) carried forward -€556,951
down €556,951 (-53.5%), from -€1.0m to -€1.6m
- Other debts +€142,437
up €142,437 (+23.3%), from €611,579 to €754,016
- Tax, wage and social debts +€30,753
up €30,753 (+38.1%), from €80,775 to €111,528
of which Taxes: +€15,412
- Trade debts +€26,484
up €26,484 (+64.1%), from €41,287 to €67,771
- Depreciation -€210,905
down €210,905 (-31.6%), from €668,462 to €457,557
- Staff costs -€189,805
down €189,805 (-42.1%), from €451,040 to €261,235
- Gross operating margin +€98,461
up €98,461 (+106%), from €92,651 to €191,112
- Financial charges +€15,372
up €15,372 (+119%), from €12,879 to €28,251
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 | €1,314,581 | €957,305 | -€357,276 | -27.2% |
| Fixed assets | 21/28 | €1,103,473 | €676,019 | -€427,455 | -38.7% |
| Intangible fixed assets | 21 | €1,084,546 | €662,658 | -€421,888 | -38.9% |
| Tangible fixed assets | 22/27 | €18,927 | €13,360 | -€5,567 | -29.4% |
| Plant, machinery and equipment | 23 | €7,293 | €5,105 | -€2,188 | -30.0% |
| Furniture and vehicles | 24 | €11,634 | €8,255 | -€3,379 | -29.0% |
| Current assets | 29/58 | €211,107 | €281,286 | +€70,179 | +33.2% |
| Stocks and contracts in progress | 3 | €122,475 | €133,762 | +€11,287 | +9.2% |
| Stocks | 30/36 | €122,475 | €133,762 | +€11,287 | +9.2% |
| Amounts receivable within one year | 40/41 | €85,236 | €144,467 | +€59,231 | +69.5% |
| Trade receivables | 40 | €9,051 | €9,855 | +€805 | +8.9% |
| Other amounts receivable | 41 | €76,185 | €134,612 | +€58,427 | +76.7% |
| Cash at bank and in hand | 54/58 | €593 | €1,780 | +€1,187 | +200% |
| Deferred charges and accrued income | 490/1 | €2,804 | €1,278 | -€1,526 | -54.4% |
| Total equity and liabilities | 10/49 | €1,314,581 | €957,305 | -€357,276 | -27.2% |
| Equity | 10/15 | €580,940 | €23,989 | -€556,951 | -95.9% |
| Contributions | 10/11 | €1,621,416 | €1,621,416 | = | 0.0% |
| Capital | 10 | €1,621,416 | €1,621,416 | = | 0.0% |
| Issued capital | 100 | €1,621,416 | €1,621,416 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,040,476 | -€1,597,427 | -€556,951 | -53.5% |
| Amounts payable | 17/49 | €733,641 | €933,316 | +€199,675 | +27.2% |
| Amounts payable within one year | 42/48 | €733,641 | €933,316 | +€199,675 | +27.2% |
| Trade debts | 44 | €41,287 | €67,771 | +€26,484 | +64.1% |
| Suppliers | 440/4 | €41,287 | €67,771 | +€26,484 | +64.1% |
| Taxes, remuneration and social security | 45 | €80,775 | €111,528 | +€30,753 | +38.1% |
| Taxes | 450/3 | €10,732 | €26,144 | +€15,412 | +144% |
| Remuneration and social security | 454/9 | €70,043 | €85,385 | +€15,341 | +21.9% |
| Other amounts payable | 47/48 | €611,579 | €754,016 | +€142,437 | +23.3% |
| Remuneration, social security and pensions | 62 | €451,040 | €261,235 | -€189,805 | -42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €668,462 | €457,557 | -€210,905 | -31.6% |
| Other operating charges | 640/8 | €1,001 | €815 | -€187 | -18.7% |
| Gross operating margin | 9900 | €92,651 | €191,112 | +€98,461 | +106% |
| Operating profit (loss) | 9901 | -€1,027,853 | -€528,495 | +€499,358 | +48.6% |
| Financial income | 75/76B | €515 | - | -€515 | |
| Recurring financial income | 75 | €515 | - | -€515 | |
| Financial charges | 65/66B | €12,879 | €28,251 | +€15,372 | +119% |
| Recurring financial charges | 65 | €12,879 | €28,251 | +€15,372 | +119% |
| Profit (loss) for the period before taxes | 9903 | -€1,040,217 | -€556,746 | +€483,471 | +46.5% |
| Income taxes | 67/77 | €259 | €205 | -€54 | -21.0% |
| Profit (loss) for the period | 9904 | -€1,040,476 | -€556,951 | +€483,525 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,040,476 | -€556,951 | +€483,525 | +46.5% |
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 26 October 2026 via checked.be.