E-fac: 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.
E-fac
Largest movements
- Cash +€60,285
up €60,285 (+334.9%), from €18,000 to €78,285
mainly Net result for the year (+€63,024) and Tax, wage and social debts (+€2,473)
- Tangible fixed assets +€2,055
new in 2025: €2,055
- Reserves +€63,024
up €63,024 (+420.2%), from €14,997 to €78,021
- Tax, wage and social debts +€2,473
up €2,473 (+19.9%), from €12,454 to €14,927
- Trade debts -€2,425
down €2,425 (-57.1%), from €4,248 to €1,822
- Other debts -€1,555
down €1,555 (-52.8%), from €2,947 to €1,392
- Gross operating margin +€61,760
up €61,760 (+317.1%), from €19,477 to €81,237
- Taxes +€12,127
up €12,127 (+313.4%), from €3,870 to €15,997
- Financial charges +€895
up €895 (+232.1%), from €385 to €1,280
From the 2024 result to the 2025 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.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,645 | €99,163 | +€61,517 | +163.4% |
| Fixed assets | 21/28 | - | €2,055 | +€2,055 | |
| Tangible fixed assets | 22/27 | - | €2,055 | +€2,055 | |
| Plant, machinery and equipment | 23 | - | €2,055 | +€2,055 | |
| Current assets | 29/58 | €37,645 | €97,108 | +€59,462 | +158.0% |
| Amounts receivable within one year | 40/41 | €18,150 | €18,152 | +€2 | 0.0% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €18,000 | €78,285 | +€60,285 | +334.9% |
| Deferred charges and accrued income | 490/1 | €1,495 | €670 | -€825 | -55.2% |
| Total equity and liabilities | 10/49 | €37,645 | €99,163 | +€61,517 | +163.4% |
| Equity | 10/15 | €17,997 | €81,021 | +€63,024 | +350.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €14,997 | €78,021 | +€63,024 | +420.2% |
| Distributable reserves | 133 | €14,997 | €78,021 | +€63,024 | +420.2% |
| Amounts payable | 17/49 | €19,648 | €18,141 | -€1,507 | -7.7% |
| Amounts payable within one year | 42/48 | €19,648 | €18,141 | -€1,507 | -7.7% |
| Trade debts | 44 | €4,248 | €1,822 | -€2,425 | -57.1% |
| Suppliers | 440/4 | €4,248 | €1,822 | -€2,425 | -57.1% |
| Taxes, remuneration and social security | 45 | €12,454 | €14,927 | +€2,473 | +19.9% |
| Taxes | 450/3 | €12,454 | €14,927 | +€2,473 | +19.9% |
| Other amounts payable | 47/48 | €2,947 | €1,392 | -€1,555 | -52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €373 | +€373 | |
| Other operating charges | 640/8 | €225 | €562 | +€338 | +150.2% |
| Gross operating margin | 9900 | €19,477 | €81,237 | +€61,760 | +317.1% |
| Operating profit (loss) | 9901 | €19,252 | €80,301 | +€61,049 | +317.1% |
| Financial charges | 65/66B | €385 | €1,280 | +€895 | +232.1% |
| Recurring financial charges | 65 | €385 | €1,280 | +€895 | +232.1% |
| Profit (loss) for the period before taxes | 9903 | €18,867 | €79,021 | +€60,155 | +318.8% |
| Income taxes | 67/77 | €3,870 | €15,997 | +€12,127 | +313.4% |
| Profit (loss) for the period | 9904 | €14,997 | €63,024 | +€48,027 | +320.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,997 | €63,024 | +€48,027 | +320.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.