Effektum: 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.
Effektum
Largest movements
- Receivables within one year +€26,695
up €26,695 (+226%), from €11,798 to €38,493
of which Other amounts receivable: +€26,393
- Tangible fixed assets -€8,288
down €8,288 (-2.6%), from €314,132 to €305,844
of which Land and buildings: -€15,741
- Cash -€7,349
down €7,349 (-16.0%), from €45,855 to €38,506
mainly Receivables within one year (-€26,695) and Debts after one year (-€9,906)
- Reserves +€22,351
up €22,351 (+28.4%), from €78,741 to €101,092
- Debts after one year -€9,906
down €9,906 (-3.7%), from €265,444 to €255,538
- Other operating charges -€34,652
down €34,652 (-92.3%), from €37,529 to €2,877
- Depreciation +€16,970
up €16,970 (+2,467%), from €688 to €17,658
- Taxes -€13,372
down €13,372 (-75.1%), from €17,796 to €4,424
- Gross operating margin -€10,640
down €10,640 (-16.0%), from €66,682 to €56,042
- Financial charges +€9,364
up €9,364 (+1,202%), from €779 to €10,143
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 | €371,785 | €382,843 | +€11,058 | +3.0% |
| Fixed assets | 21/28 | €314,132 | €305,844 | -€8,288 | -2.6% |
| Tangible fixed assets | 22/27 | €314,132 | €305,844 | -€8,288 | -2.6% |
| Land and buildings | 22 | €314,132 | €298,391 | -€15,741 | -5.0% |
| Furniture and vehicles | 24 | - | €7,453 | +€7,453 | |
| Current assets | 29/58 | €57,653 | €76,999 | +€19,346 | +33.6% |
| Amounts receivable within one year | 40/41 | €11,798 | €38,493 | +€26,695 | +226% |
| Trade receivables | 40 | €11,798 | €12,100 | +€302 | +2.6% |
| Other amounts receivable | 41 | - | €26,393 | +€26,393 | |
| Cash at bank and in hand | 54/58 | €45,855 | €38,506 | -€7,349 | -16.0% |
| Total equity and liabilities | 10/49 | €371,785 | €382,843 | +€11,058 | +3.0% |
| Equity | 10/15 | €80,741 | €103,092 | +€22,351 | +27.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €78,741 | €101,092 | +€22,351 | +28.4% |
| Distributable reserves | 133 | €78,741 | €101,092 | +€22,351 | +28.4% |
| Amounts payable | 17/49 | €291,044 | €279,751 | -€11,293 | -3.9% |
| Amounts payable after more than one year | 17 | €265,444 | €255,538 | -€9,906 | -3.7% |
| Financial debts | 170/4 | €265,444 | €255,538 | -€9,906 | -3.7% |
| Amounts payable within one year | 42/48 | €25,600 | €24,213 | -€1,387 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €9,556 | €9,907 | +€351 | +3.7% |
| Trade debts | 44 | €10,196 | €12,180 | +€1,984 | +19.5% |
| Suppliers | 440/4 | €10,196 | €12,180 | +€1,984 | +19.5% |
| Taxes, remuneration and social security | 45 | €4,609 | €2,126 | -€2,483 | -53.9% |
| Taxes | 450/3 | €4,609 | €2,126 | -€2,483 | -53.9% |
| Other amounts payable | 47/48 | €1,239 | - | -€1,239 | |
| Goods, raw materials, services and sundry goods | 60/61 | €84,274 | €93,456 | +€9,182 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €688 | €17,658 | +€16,970 | +2,467% |
| Other operating charges | 640/8 | €37,529 | €2,877 | -€34,652 | -92.3% |
| Gross operating margin | 9900 | €66,682 | €56,042 | -€10,640 | -16.0% |
| Operating profit (loss) | 9901 | €28,465 | €35,507 | +€7,042 | +24.7% |
| Financial income | 75/76B | - | €1,411 | +€1,411 | |
| Recurring financial income | 75 | - | €1,411 | +€1,411 | |
| Financial charges | 65/66B | €779 | €10,143 | +€9,364 | +1,202% |
| Recurring financial charges | 65 | €779 | €10,143 | +€9,364 | +1,202% |
| Profit (loss) for the period before taxes | 9903 | €27,686 | €26,775 | -€911 | -3.3% |
| Income taxes | 67/77 | €17,796 | €4,424 | -€13,372 | -75.1% |
| Profit (loss) for the period | 9904 | €9,890 | €22,351 | +€12,461 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €9,890 | €22,351 | +€12,461 | +126% |
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 15 October 2026 via checked.be.