EFFEL Service: 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.
EFFEL Service
Largest movements
- Cash -€30,055
down €30,055 (-96.5%), from €31,130 to €1,075
mainly Trade debts (-€30,229) and Net result for the year (-€28,330)
- Receivables within one year -€15,212
down €15,212 (-17.3%), from €87,836 to €72,624
- Tangible fixed assets +€11,290
new in 2025: €11,290
- Deferred charges and accrued income -€1,750
down €1,750 (-100%), from €1,750 to €0
- Stocks and contracts -€1,700
down €1,700 (-58.6%), from €2,900 to €1,200
- Trade debts -€30,229
down €30,229 (-29.3%), from €103,206 to €72,976
- Profit (loss) carried forward -€28,330
down €28,330 (-100%), from -€28,326 to -€56,656
- Debts after one year +€10,200
up €10,200 (+49.0%), from €20,800 to €31,000
- Other debts +€7,390
up €7,390 (+101%), from €7,285 to €14,675
- Tax, wage and social debts +€3,542
up €3,542 (+43.1%), from €8,216 to €11,757
- Gross operating margin -€35,027
down €35,027, from €11,981 to -€23,046
- Other operating charges +€1,644
up €1,644 (+182%), from €904 to €2,549
- Financial charges +€841
up €841 (+65.8%), from €1,278 to €2,120
- Depreciation +€470
up €470, from €0 to €470
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 | €123,615 | €86,188 | -€37,427 | -30.3% |
| Fixed assets | 21/28 | - | €11,290 | +€11,290 | |
| Tangible fixed assets | 22/27 | - | €11,290 | +€11,290 | |
| Plant, machinery and equipment | 23 | - | €11,290 | +€11,290 | |
| Current assets | 29/58 | €123,615 | €74,898 | -€48,717 | -39.4% |
| Stocks and contracts in progress | 3 | €2,900 | €1,200 | -€1,700 | -58.6% |
| Stocks | 30/36 | €2,900 | €1,200 | -€1,700 | -58.6% |
| Amounts receivable within one year | 40/41 | €87,836 | €72,624 | -€15,212 | -17.3% |
| Trade receivables | 40 | €87,836 | €72,624 | -€15,212 | -17.3% |
| Cash at bank and in hand | 54/58 | €31,130 | €1,075 | -€30,055 | -96.5% |
| Deferred charges and accrued income | 490/1 | €1,750 | €0 | -€1,750 | -100% |
| Total equity and liabilities | 10/49 | €123,615 | €86,188 | -€37,427 | -30.3% |
| Equity | 10/15 | -€15,891 | -€44,221 | -€28,330 | -178% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €35 | €35 | = | 0.0% |
| Distributable reserves | 133 | €35 | €35 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,326 | -€56,656 | -€28,330 | -100% |
| Amounts payable | 17/49 | €139,506 | €130,409 | -€9,097 | -6.5% |
| Amounts payable after more than one year | 17 | €20,800 | €31,000 | +€10,200 | +49.0% |
| Financial debts | 170/4 | €20,800 | €31,000 | +€10,200 | +49.0% |
| Amounts payable within one year | 42/48 | €118,706 | €99,409 | -€19,297 | -16.3% |
| Trade debts | 44 | €103,206 | €72,976 | -€30,229 | -29.3% |
| Suppliers | 440/4 | €103,206 | €72,976 | -€30,229 | -29.3% |
| Taxes, remuneration and social security | 45 | €8,216 | €11,757 | +€3,542 | +43.1% |
| Taxes | 450/3 | €8,216 | €11,757 | +€3,542 | +43.1% |
| Other amounts payable | 47/48 | €7,285 | €14,675 | +€7,390 | +101% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €470 | +€470 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €904 | €2,549 | +€1,644 | +182% |
| Gross operating margin | 9900 | €11,981 | -€23,046 | -€35,027 | |
| Operating profit (loss) | 9901 | €11,077 | -€26,065 | -€37,142 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,278 | €2,120 | +€841 | +65.8% |
| Recurring financial charges | 65 | €1,278 | €2,120 | +€841 | +65.8% |
| Profit (loss) for the period before taxes | 9903 | €9,799 | -€28,184 | -€37,983 | |
| Income taxes | 67/77 | €140 | €145 | +€5 | +3.5% |
| Profit (loss) for the period | 9904 | €9,658 | -€28,330 | -€37,988 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,658 | -€28,330 | -€37,988 |
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 25 October 2026 via checked.be.