Effeqtive: 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.
Effeqtive
Largest movements
- Cash +€113,060
up €113,060 (+206.2%), from €54,838 to €167,899
mainly Net result for the year (+€91,448) and Current investments (+€88,000)
- Current investments -€88,000
down €88,000 (-55.3%), from €158,999 to €70,999
- Other debts +€52,223
up €52,223 (+189.3%), from €27,586 to €79,809
- Debts after one year -€49,939
down €49,939 (-21.4%), from €233,440 to €183,501
- Reserves +€21,448
up €21,448 (+6.4%), from €333,140 to €354,588
- Financial income +€3,084
up €3,084, from €0 to €3,084
- Taxes +€1,453
up €1,453 (+4.6%), from €31,663 to €33,116
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €663,323 | €686,840 | +€23,518 | +3.5% |
| Fixed assets | 21/28 | €427,425 | €427,017 | -€408 | -0.1% |
| Tangible fixed assets | 22/27 | €2,425 | €2,017 | -€408 | -16.8% |
| Plant, machinery and equipment | 23 | €0 | €1,020 | +€1,020 | |
| Furniture and vehicles | 24 | €2,425 | €997 | -€1,428 | -58.9% |
| Financial fixed assets | 28 | €425,000 | €425,000 | = | 0.0% |
| Current assets | 29/58 | €235,898 | €259,823 | +€23,925 | +10.1% |
| Amounts receivable within one year | 40/41 | €20,961 | €20,305 | -€656 | -3.1% |
| Trade receivables | 40 | €16,940 | €16,940 | = | 0.0% |
| Other amounts receivable | 41 | €4,021 | €3,365 | -€656 | -16.3% |
| Current investments | 50/53 | €158,999 | €70,999 | -€88,000 | -55.3% |
| Cash at bank and in hand | 54/58 | €54,838 | €167,899 | +€113,060 | +206.2% |
| Deferred charges and accrued income | 490/1 | €1,099 | €620 | -€479 | -43.6% |
| Total equity and liabilities | 10/49 | €663,323 | €686,840 | +€23,518 | +3.5% |
| Equity | 10/15 | €351,740 | €373,188 | +€21,448 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €333,140 | €354,588 | +€21,448 | +6.4% |
| Distributable reserves | 133 | €333,140 | €354,588 | +€21,448 | +6.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €311,582 | €313,652 | +€2,070 | +0.7% |
| Amounts payable after more than one year | 17 | €233,440 | €183,501 | -€49,939 | -21.4% |
| Financial debts | 170/4 | €233,440 | €183,501 | -€49,939 | -21.4% |
| Amounts payable within one year | 42/48 | €78,143 | €130,152 | +€52,009 | +66.6% |
| Current portion of amounts payable after more than one year | 42 | €49,395 | €49,939 | +€543 | +1.1% |
| Trade debts | 44 | €1,162 | €404 | -€758 | -65.2% |
| Suppliers | 440/4 | €1,162 | €404 | -€758 | -65.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €27,586 | €79,809 | +€52,223 | +189.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,504 | €1,458 | -€46 | -3.1% |
| Other operating charges | 640/8 | €1,762 | €1,827 | +€64 | +3.7% |
| Gross operating margin | 9900 | €128,116 | €127,868 | -€248 | -0.2% |
| Operating profit (loss) | 9901 | €124,850 | €124,584 | -€266 | -0.2% |
| Financial income | 75/76B | €0 | €3,084 | +€3,084 | |
| Recurring financial income | 75 | €0 | €3,084 | +€3,084 | |
| Financial charges | 65/66B | €3,868 | €3,104 | -€763 | -19.7% |
| Recurring financial charges | 65 | €3,868 | €3,104 | -€763 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €120,983 | €124,564 | +€3,581 | +3.0% |
| Income taxes | 67/77 | €31,663 | €33,116 | +€1,453 | +4.6% |
| Profit (loss) for the period | 9904 | €89,320 | €91,448 | +€2,128 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €89,320 | €91,448 | +€2,128 | +2.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.