Effectco: 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.
Effectco
Largest movements
- Cash -€80,897
down €80,897 (-97.9%), from €82,630 to €1,733
mainly Short-term financial debts (-€350,000) and Accrued charges and deferred income (-€23,048)
- Short-term financial debts -€350,000
no longer reported in 2025 (was €350,000)
- Reserves +€254,462
up €254,462 (+19.9%), from €1.3m to €1.5m
- Other debts +€28,000
new in 2025: €28,000
- Financial income -€150,000
down €150,000 (-34.5%), from €435,000 to €285,000
- Gross operating margin -€27,088
down €27,088 (-78.1%), from €34,678 to €7,590
- Financial charges -€7,232
down €7,232 (-16.4%), from €44,147 to €36,915
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 | €2,663,084 | €2,582,190 | -€80,894 | -3.0% |
| Fixed assets | 21/28 | €2,580,000 | €2,580,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,580,000 | €2,580,000 | = | 0.0% |
| Current assets | 29/58 | €83,084 | €2,190 | -€80,894 | -97.4% |
| Cash at bank and in hand | 54/58 | €82,630 | €1,733 | -€80,897 | -97.9% |
| Deferred charges and accrued income | 490/1 | €454 | €457 | +€3 | +0.6% |
| Total equity and liabilities | 10/49 | €2,663,084 | €2,582,190 | -€80,894 | -3.0% |
| Equity | 10/15 | €1,531,726 | €1,786,188 | +€254,462 | +16.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,281,726 | €1,536,188 | +€254,462 | +19.9% |
| Distributable reserves | 133 | €1,281,726 | €1,536,188 | +€254,462 | +19.9% |
| Amounts payable | 17/49 | €1,131,358 | €796,002 | -€335,356 | -29.6% |
| Amounts payable after more than one year | 17 | €610,715 | €611,283 | +€569 | +0.1% |
| Financial debts | 170/4 | €610,715 | €611,283 | +€569 | +0.1% |
| Amounts payable within one year | 42/48 | €496,508 | €183,632 | -€312,876 | -63.0% |
| Current portion of amounts payable after more than one year | 42 | €128,571 | €149,431 | +€20,860 | +16.2% |
| Financial debts | 43 | €350,000 | - | -€350,000 | |
| Credit institutions | 430/8 | €350,000 | - | -€350,000 | |
| Trade debts | 44 | €16,680 | €5,133 | -€11,547 | -69.2% |
| Suppliers | 440/4 | €16,680 | €5,133 | -€11,547 | -69.2% |
| Taxes, remuneration and social security | 45 | €1,257 | €1,068 | -€189 | -15.0% |
| Taxes | 450/3 | €1,257 | €1,068 | -€189 | -15.0% |
| Other amounts payable | 47/48 | - | €28,000 | +€28,000 | |
| Accrued charges and deferred income | 492/3 | €24,135 | €1,087 | -€23,048 | -95.5% |
| Other operating charges | 640/8 | €1,185 | €1,213 | +€28 | +2.4% |
| Gross operating margin | 9900 | €34,678 | €7,590 | -€27,088 | -78.1% |
| Operating profit (loss) | 9901 | €33,492 | €6,377 | -€27,116 | -81.0% |
| Financial income | 75/76B | €435,000 | €285,000 | -€150,000 | -34.5% |
| Recurring financial income | 75 | €435,000 | €285,000 | -€150,000 | -34.5% |
| Financial charges | 65/66B | €44,147 | €36,915 | -€7,232 | -16.4% |
| Recurring financial charges | 65 | €44,147 | €36,915 | -€7,232 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €424,346 | €254,462 | -€169,884 | -40.0% |
| Profit (loss) for the period | 9904 | €424,346 | €254,462 | -€169,884 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €424,346 | €254,462 | -€169,884 | -40.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.