EFFE GROUP: 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.
EFFE GROUP
Largest movements
- Receivables within one year -€70,605
down €70,605 (-93.2%), from €75,767 to €5,162
of which Trade receivables: -€68,389
- Cash +€12,302
up €12,302 (+307550.0%), from €4 to €12,306
mainly Receivables within one year (+€70,605) and Net result for the year (+€15,333)
- Tangible fixed assets -€1,947
down €1,947 (-50.8%), from €3,833 to €1,886
of which Furniture and vehicles: -€1,833
- Trade debts -€75,757
down €75,757 (-93.0%), from €81,495 to €5,738
- Profit (loss) carried forward +€15,333
up €15,333 (+92.0%), from -€16,674 to -€1,341
- Other debts +€1,396
up €1,396 (+16.3%), from €8,561 to €9,957
- Tax, wage and social debts -€1,222
no longer reported in 2025 (was €1,222)
- Gross operating margin +€32,528
up €32,528, from -€14,035 to €18,493
- Other operating charges +€593
up €593 (+128.9%), from €460 to €1,053
- Depreciation -€290
down €290 (-13.0%), from €2,237 to €1,947
- Financial income -€195
no longer reported in 2025 (was €195)
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 | €79,604 | €19,354 | -€60,250 | -75.7% |
| Fixed assets | 21/28 | €3,833 | €1,886 | -€1,947 | -50.8% |
| Tangible fixed assets | 22/27 | €3,833 | €1,886 | -€1,947 | -50.8% |
| Plant, machinery and equipment | 23 | €387 | €273 | -€114 | -29.5% |
| Furniture and vehicles | 24 | €3,446 | €1,613 | -€1,833 | -53.2% |
| Current assets | 29/58 | €75,771 | €17,468 | -€58,303 | -76.9% |
| Amounts receivable within one year | 40/41 | €75,767 | €5,162 | -€70,605 | -93.2% |
| Trade receivables | 40 | €68,389 | - | -€68,389 | |
| Other amounts receivable | 41 | €7,378 | €5,162 | -€2,216 | -30.0% |
| Cash at bank and in hand | 54/58 | €4 | €12,306 | +€12,302 | +307550.0% |
| Total equity and liabilities | 10/49 | €79,604 | €19,354 | -€60,250 | -75.7% |
| Equity | 10/15 | -€11,674 | €3,659 | +€15,333 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,674 | -€1,341 | +€15,333 | +92.0% |
| Amounts payable | 17/49 | €91,278 | €15,695 | -€75,583 | -82.8% |
| Amounts payable within one year | 42/48 | €91,278 | €15,695 | -€75,583 | -82.8% |
| Trade debts | 44 | €81,495 | €5,738 | -€75,757 | -93.0% |
| Suppliers | 440/4 | €81,495 | €5,738 | -€75,757 | -93.0% |
| Taxes, remuneration and social security | 45 | €1,222 | - | -€1,222 | |
| Taxes | 450/3 | €1,222 | - | -€1,222 | |
| Other amounts payable | 47/48 | €8,561 | €9,957 | +€1,396 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,237 | €1,947 | -€290 | -13.0% |
| Other operating charges | 640/8 | €460 | €1,053 | +€593 | +128.9% |
| Gross operating margin | 9900 | -€14,035 | €18,493 | +€32,528 | |
| Operating profit (loss) | 9901 | -€16,732 | €15,493 | +€32,225 | |
| Financial income | 75/76B | €195 | - | -€195 | |
| Recurring financial income | 75 | €195 | - | -€195 | |
| Financial charges | 65/66B | €137 | €160 | +€23 | +16.8% |
| Recurring financial charges | 65 | €137 | €160 | +€23 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,674 | €15,333 | +€32,007 | |
| Profit (loss) for the period | 9904 | -€16,674 | €15,333 | +€32,007 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,674 | €15,333 | +€32,007 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.