Effective Together: what changed
Two financial 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.
Effective Together
Largest movements
- Financial fixed assets +€71,753
new in 2025: €71,753
- Receivables within one year +€15,466
up €15,466 (+193%), from €8,029 to €23,496
of which Other amounts receivable: +€14,168
- Cash +€10,250
up €10,250 (+87.1%), from €11,773 to €22,023
mainly Debts after one year (+€40,352) and Net result for the year (+€39,233)
- Debts after one year +€40,352
new in 2025: €40,352
- Profit (loss) carried forward +€39,233
up €39,233 (+386%), from €10,175 to €49,407
- Current portion of long-term debt +€10,882
new in 2025: €10,882
- Tax, wage and social debts +€7,759
up €7,759 (+107%), from €7,280 to €15,039
- Gross operating margin +€38,054
up €38,054 (+284%), from €13,406 to €51,460
- Taxes +€7,832
up €7,832 (+290%), from €2,698 to €10,529
- Financial charges +€1,538
up €1,538 (+3,031%), from €51 to €1,588
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.
Derived cash bridge
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 | €21,212 | €119,372 | +€98,161 | +463% |
| Fixed assets | 21/28 | - | €72,328 | +€72,328 | |
| Tangible fixed assets | 22/27 | - | €575 | +€575 | |
| Furniture and vehicles | 24 | - | €575 | +€575 | |
| Financial fixed assets | 28 | - | €71,753 | +€71,753 | |
| Current assets | 29/58 | €21,212 | €47,044 | +€25,832 | +122% |
| Amounts receivable within one year | 40/41 | €8,029 | €23,496 | +€15,466 | +193% |
| Trade receivables | 40 | €8,029 | €9,328 | +€1,299 | +16.2% |
| Other amounts receivable | 41 | - | €14,168 | +€14,168 | |
| Cash at bank and in hand | 54/58 | €11,773 | €22,023 | +€10,250 | +87.1% |
| Deferred charges and accrued income | 490/1 | €1,410 | €1,526 | +€116 | +8.2% |
| Total equity and liabilities | 10/49 | €21,212 | €119,372 | +€98,161 | +463% |
| Equity | 10/15 | €13,175 | €52,407 | +€39,233 | +298% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,175 | €49,407 | +€39,233 | +386% |
| Amounts payable | 17/49 | €8,037 | €66,965 | +€58,928 | +733% |
| Amounts payable after more than one year | 17 | - | €40,352 | +€40,352 | |
| Financial debts | 170/4 | - | €40,352 | +€40,352 | |
| Amounts payable within one year | 42/48 | €8,037 | €26,613 | +€18,576 | +231% |
| Current portion of amounts payable after more than one year | 42 | - | €10,882 | +€10,882 | |
| Trade debts | 44 | €271 | €692 | +€420 | +155% |
| Suppliers | 440/4 | €271 | €692 | +€420 | +155% |
| Taxes, remuneration and social security | 45 | €7,280 | €15,039 | +€7,759 | +107% |
| Taxes | 450/3 | €7,280 | €15,039 | +€7,759 | +107% |
| Other amounts payable | 47/48 | €486 | - | -€486 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €164 | +€164 | |
| Other operating charges | 640/8 | €482 | €316 | -€167 | -34.6% |
| Gross operating margin | 9900 | €13,406 | €51,460 | +€38,054 | +284% |
| Operating profit (loss) | 9901 | €12,923 | €50,980 | +€38,057 | +294% |
| Financial income | 75/76B | - | €371 | +€371 | |
| Recurring financial income | 75 | - | €371 | +€371 | |
| Financial charges | 65/66B | €51 | €1,588 | +€1,538 | +3,031% |
| Recurring financial charges | 65 | €51 | €1,588 | +€1,538 | +3,031% |
| Profit (loss) for the period before taxes | 9903 | €12,872 | €49,762 | +€36,890 | +287% |
| Income taxes | 67/77 | €2,698 | €10,529 | +€7,832 | +290% |
| Profit (loss) for the period | 9904 | €10,175 | €39,233 | +€29,058 | +286% |
| Profit (loss) for the period to be appropriated | 9905 | €10,175 | €39,233 | +€29,058 | +286% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.