EFQM: what changed
What changed
EFQM
NACE 73.200, Market research and public opinion polling
filed 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
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises 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
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it 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% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.