EFFECTICIENCY: 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.
EFFECTICIENCY
Largest movements
- Current investments +€12,000
up €12,000 (+304.0%), from €3,947 to €15,947
- Tangible fixed assets -€11,462
down €11,462 (-12.1%), from €94,349 to €82,887
- Cash -€5,232
down €5,232 (-44.3%), from €11,805 to €6,572
mainly Current investments (-€12,000) and Current portion of long-term debt (-€8,114)
- Deferred charges and accrued income -€3,785
down €3,785 (-80.1%), from €4,723 to €938
- Reserves +€11,000
new in 2025: €11,000
- Current portion of long-term debt -€8,114
down €8,114 (-52.0%), from €15,593 to €7,479
- Debts after one year -€7,479
down €7,479 (-6.8%), from €110,765 to €103,286
- Profit (loss) carried forward -€6,257
down €6,257 (-95.0%), from €6,587 to €330
- Other debts -€2,125
down €2,125 (-12.1%), from €17,500 to €15,375
- Gross operating margin +€4,446
up €4,446 (+13.7%), from €32,469 to €36,915
- Taxes +€3,427
up €3,427 (+88.1%), from €3,891 to €7,318
- Financial charges +€1,973
up €1,973 (+81.6%), from €2,419 to €4,392
- Depreciation +€547
up €547 (+4.2%), from €13,063 to €13,610
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 | €161,821 | €151,843 | -€9,979 | -6.2% |
| Fixed assets | 21/28 | €94,349 | €82,887 | -€11,462 | -12.1% |
| Tangible fixed assets | 22/27 | €94,349 | €82,887 | -€11,462 | -12.1% |
| Land and buildings | 22 | €65,000 | €60,000 | -€5,000 | -7.7% |
| Plant, machinery and equipment | 23 | €26,005 | €21,483 | -€4,521 | -17.4% |
| Furniture and vehicles | 24 | €3,344 | €1,403 | -€1,941 | -58.0% |
| Current assets | 29/58 | €67,473 | €68,956 | +€1,484 | +2.2% |
| Amounts receivable within one year | 40/41 | €46,998 | €45,499 | -€1,499 | -3.2% |
| Trade receivables | 40 | €28,253 | €31,874 | +€3,621 | +12.8% |
| Other amounts receivable | 41 | €18,745 | €13,624 | -€5,120 | -27.3% |
| Current investments | 50/53 | €3,947 | €15,947 | +€12,000 | +304.0% |
| Cash at bank and in hand | 54/58 | €11,805 | €6,572 | -€5,232 | -44.3% |
| Deferred charges and accrued income | 490/1 | €4,723 | €938 | -€3,785 | -80.1% |
| Total equity and liabilities | 10/49 | €161,821 | €151,843 | -€9,979 | -6.2% |
| Equity | 10/15 | €10,087 | €14,830 | +€4,743 | +47.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | - | €11,000 | +€11,000 | |
| Distributable reserves | 133 | - | €11,000 | +€11,000 | |
| Profit (loss) carried forward | 14 | €6,587 | €330 | -€6,257 | -95.0% |
| Amounts payable | 17/49 | €151,735 | €137,013 | -€14,722 | -9.7% |
| Amounts payable after more than one year | 17 | €110,765 | €103,286 | -€7,479 | -6.8% |
| Financial debts | 170/4 | €110,765 | €103,286 | -€7,479 | -6.8% |
| Amounts payable within one year | 42/48 | €40,970 | €33,727 | -€7,243 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €15,593 | €7,479 | -€8,114 | -52.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €473 | €2,180 | +€1,708 | +361.2% |
| Suppliers | 440/4 | €473 | €2,180 | +€1,708 | +361.2% |
| Taxes, remuneration and social security | 45 | €7,405 | €8,693 | +€1,289 | +17.4% |
| Taxes | 450/3 | €7,405 | €8,693 | +€1,289 | +17.4% |
| Other amounts payable | 47/48 | €17,500 | €15,375 | -€2,125 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,063 | €13,610 | +€547 | +4.2% |
| Other operating charges | 640/8 | €933 | €1,063 | +€129 | +13.8% |
| Gross operating margin | 9900 | €32,469 | €36,915 | +€4,446 | +13.7% |
| Operating profit (loss) | 9901 | €18,473 | €22,242 | +€3,769 | +20.4% |
| Financial income | 75/76B | €538 | €710 | +€173 | +32.1% |
| Recurring financial income | 75 | €538 | €710 | +€173 | +32.1% |
| Financial charges | 65/66B | €2,419 | €4,392 | +€1,973 | +81.6% |
| Recurring financial charges | 65 | €2,419 | €4,392 | +€1,973 | +81.6% |
| Profit (loss) for the period before taxes | 9903 | €16,592 | €18,561 | +€1,969 | +11.9% |
| Income taxes | 67/77 | €3,891 | €7,318 | +€3,427 | +88.1% |
| Profit (loss) for the period | 9904 | €12,701 | €11,243 | -€1,458 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,701 | €11,243 | -€1,458 | -11.5% |
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 5 October 2026 via checked.be.