Effekt: 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.
Effekt
Largest movements
- Cash -€4,112
down €4,112 (-6.8%), from €60,472 to €56,360
mainly Trade debts (-€12,338) and Other debts (-€5,693)
- Tangible fixed assets -€3,610
down €3,610 (-38.9%), from €9,270 to €5,661
of which Plant, machinery and equipment: -€1,999
- Receivables within one year -€2,884
down €2,884 (-35.2%), from €8,190 to €5,306
of which Other amounts receivable: -€5,991
- Stocks and contracts +€1,150
up €1,150 (+48.9%), from €2,350 to €3,500
- Trade debts -€12,338
down €12,338 (-74.6%), from €16,537 to €4,199
- Reserves +€10,593
up €10,593 (+50.8%), from €20,867 to €31,460
- Other debts -€5,693
down €5,693 (-95.7%), from €5,952 to €258
- Tax, wage and social debts -€1,539
down €1,539 (-17.2%), from €8,927 to €7,388
- Gross operating margin +€6,599
up €6,599 (+49.7%), from €13,277 to €19,876
- Taxes +€1,695
up €1,695 (+70.6%), from €2,400 to €4,095
- Financial charges -€301
down €301 (-53.0%), from €567 to €266
of which Financial charges: -€301
- Depreciation +€258
up €258 (+7.7%), from €3,352 to €3,610
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 | €80,283 | €71,305 | -€8,978 | -11.2% |
| Fixed assets | 21/28 | €9,270 | €5,661 | -€3,610 | -38.9% |
| Tangible fixed assets | 22/27 | €9,270 | €5,661 | -€3,610 | -38.9% |
| Land and buildings | 22 | €915 | €702 | -€213 | -23.3% |
| Plant, machinery and equipment | 23 | €6,958 | €4,959 | -€1,999 | -28.7% |
| Furniture and vehicles | 24 | €1,397 | €0 | -€1,397 | -100.0% |
| Current assets | 29/58 | €71,013 | €65,645 | -€5,368 | -7.6% |
| Stocks and contracts in progress | 3 | €2,350 | €3,500 | +€1,150 | +48.9% |
| Stocks | 30/36 | €2,350 | €3,500 | +€1,150 | +48.9% |
| Amounts receivable within one year | 40/41 | €8,190 | €5,306 | -€2,884 | -35.2% |
| Trade receivables | 40 | €1,152 | €4,258 | +€3,107 | +269.8% |
| Other amounts receivable | 41 | €7,039 | €1,048 | -€5,991 | -85.1% |
| Cash at bank and in hand | 54/58 | €60,472 | €56,360 | -€4,112 | -6.8% |
| Deferred charges and accrued income | 490/1 | €0 | €479 | +€479 | |
| Total equity and liabilities | 10/49 | €80,283 | €71,305 | -€8,978 | -11.2% |
| Equity | 10/15 | €25,867 | €36,460 | +€10,593 | +40.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,867 | €31,460 | +€10,593 | +50.8% |
| Distributable reserves | 133 | €20,867 | €31,460 | +€10,593 | +50.8% |
| Provisions and deferred taxes | 16 | €23,000 | €23,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €23,000 | €23,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €23,000 | €23,000 | = | 0.0% |
| Amounts payable | 17/49 | €31,415 | €11,845 | -€19,570 | -62.3% |
| Amounts payable within one year | 42/48 | €31,415 | €11,845 | -€19,570 | -62.3% |
| Trade debts | 44 | €16,537 | €4,199 | -€12,338 | -74.6% |
| Suppliers | 440/4 | €16,537 | €4,199 | -€12,338 | -74.6% |
| Taxes, remuneration and social security | 45 | €8,927 | €7,388 | -€1,539 | -17.2% |
| Taxes | 450/3 | €8,927 | €7,388 | -€1,539 | -17.2% |
| Other amounts payable | 47/48 | €5,952 | €258 | -€5,693 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,352 | €3,610 | +€258 | +7.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,427 | €1,325 | -€102 | -7.2% |
| Gross operating margin | 9900 | €13,277 | €19,876 | +€6,599 | +49.7% |
| Operating profit (loss) | 9901 | €8,498 | €14,941 | +€6,444 | +75.8% |
| Financial income | 75/76B | €0 | €12 | +€12 | +123700.0% |
| Recurring financial income | 75 | €0 | €12 | +€12 | +123700.0% |
| Financial charges | 65/66B | €567 | €266 | -€301 | -53.0% |
| Recurring financial charges | 65 | €567 | €266 | -€301 | -53.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €7,931 | €14,687 | +€6,757 | +85.2% |
| Income taxes | 67/77 | €2,400 | €4,095 | +€1,695 | +70.6% |
| Profit (loss) for the period | 9904 | €5,531 | €10,593 | +€5,062 | +91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,531 | €10,593 | +€5,062 | +91.5% |
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 8 October 2026 via checked.be.