EFFECTIS: 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.
EFFECTIS
Largest movements
- Receivables within one year -€98,580
down €98,580 (-10.1%), from €972,234 to €873,655
of which Trade receivables: -€95,505
- Cash +€96,256
up €96,256 (+63.2%), from €152,326 to €248,582
mainly Net result for the year (+€349,037) and Receivables within one year (+€98,580)
- Trade debts -€65,621
down €65,621 (-17.9%), from €365,884 to €300,263
- Reserves +€29,037
up €29,037 (+7.1%), from €410,236 to €439,273
- Tax, wage and social debts +€22,407
up €22,407 (+6.6%), from €340,130 to €362,537
of which Taxes: +€21,431
- Gross operating margin +€140,160
up €140,160 (+6.3%), from €2.2m to €2.4m
- Staff costs +€76,985
up €76,985 (+4.5%), from €1.7m to €1.8m
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 | €1,293,261 | €1,286,807 | -€6,454 | -0.5% |
| Fixed assets | 21/28 | €85,645 | €75,706 | -€9,939 | -11.6% |
| Intangible fixed assets | 21 | €27,292 | €18,183 | -€9,109 | -33.4% |
| Tangible fixed assets | 22/27 | €39,109 | €40,592 | +€1,484 | +3.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €36,288 | €38,941 | +€2,652 | +7.3% |
| Other tangible fixed assets | 26 | €2,820 | €1,651 | -€1,169 | -41.4% |
| Financial fixed assets | 28 | €19,244 | €16,931 | -€2,313 | -12.0% |
| Current assets | 29/58 | €1,207,616 | €1,211,101 | +€3,485 | +0.3% |
| Amounts receivable within one year | 40/41 | €972,234 | €873,655 | -€98,580 | -10.1% |
| Trade receivables | 40 | €968,598 | €873,093 | -€95,505 | -9.9% |
| Other amounts receivable | 41 | €3,636 | €562 | -€3,075 | -84.6% |
| Cash at bank and in hand | 54/58 | €152,326 | €248,582 | +€96,256 | +63.2% |
| Deferred charges and accrued income | 490/1 | €83,056 | €88,865 | +€5,809 | +7.0% |
| Total equity and liabilities | 10/49 | €1,293,261 | €1,286,807 | -€6,454 | -0.5% |
| Equity | 10/15 | €416,436 | €445,473 | +€29,037 | +7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €410,236 | €439,273 | +€29,037 | +7.1% |
| Distributable reserves | 133 | €410,236 | €439,273 | +€29,037 | +7.1% |
| Amounts payable | 17/49 | €876,825 | €841,334 | -€35,491 | -4.0% |
| Amounts payable within one year | 42/48 | €874,880 | €838,514 | -€36,366 | -4.2% |
| Financial debts | 43 | €33,865 | €33,713 | -€152 | -0.4% |
| Credit institutions | 430/8 | €33,865 | €33,713 | -€152 | -0.4% |
| Trade debts | 44 | €365,884 | €300,263 | -€65,621 | -17.9% |
| Suppliers | 440/4 | €365,884 | €300,263 | -€65,621 | -17.9% |
| Taxes, remuneration and social security | 45 | €340,130 | €362,537 | +€22,407 | +6.6% |
| Taxes | 450/3 | €81,405 | €102,836 | +€21,431 | +26.3% |
| Remuneration and social security | 454/9 | €258,725 | €259,701 | +€975 | +0.4% |
| Other amounts payable | 47/48 | €135,000 | €142,000 | +€7,000 | +5.2% |
| Accrued charges and deferred income | 492/3 | €1,945 | €2,820 | +€875 | +45.0% |
| Non-recurring operating income | 76A | €810 | - | -€810 | |
| Remuneration, social security and pensions | 62 | €1,697,129 | €1,774,114 | +€76,985 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,604 | €28,553 | -€51 | -0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,884 | - | +€6,884 | |
| Other operating charges | 640/8 | €11,252 | €4,011 | -€7,241 | -64.4% |
| Non-recurring operating charges | 66A | - | €4,029 | +€4,029 | |
| Gross operating margin | 9900 | €2,219,147 | €2,359,307 | +€140,160 | +6.3% |
| Operating profit (loss) | 9901 | €489,046 | €548,600 | +€59,554 | +12.2% |
| Financial income | 75/76B | €250 | €186 | -€64 | -25.5% |
| Recurring financial income | 75 | €250 | €186 | -€64 | -25.5% |
| Financial charges | 65/66B | €47,486 | €54,854 | +€7,369 | +15.5% |
| Recurring financial charges | 65 | €47,486 | €54,854 | +€7,369 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €441,810 | €493,932 | +€52,122 | +11.8% |
| Income taxes | 67/77 | €133,317 | €144,895 | +€11,577 | +8.7% |
| Profit (loss) for the period | 9904 | €308,492 | €349,037 | +€40,545 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €308,492 | €349,037 | +€40,545 | +13.1% |
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 2 October 2026 via checked.be.