EFFI-MAN: 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.
EFFI-MAN
Largest movements
- Receivables after one year +€37,037
new in 2025: €37,037
- Receivables within one year -€23,613
down €23,613 (-36.1%), from €65,391 to €41,777
of which Other amounts receivable: -€17,000
- Cash -€13,937
down €13,937 (-30.8%), from €45,179 to €31,242
mainly Receivables after one year (-€37,037) and Net result for the year (-€5,070)
- Tangible fixed assets -€2,861
no longer reported in 2025 (was €2,861)
- Profit (loss) carried forward -€5,070
down €5,070 (-4.8%), from €105,327 to €100,257
- Tax, wage and social debts +€1,802
up €1,802 (+2,696%), from €67 to €1,869
- Gross operating margin -€24,743
down €24,743 (-98.0%), from €25,249 to €506
- Taxes -€9,907
down €9,907 (-82.9%), from €11,954 to €2,046
- Depreciation +€1,498
up €1,498 (+110%), from €1,364 to €2,861
- Financial income +€420
new in 2025: €420
- Other operating charges -€260
down €260 (-35.4%), from €734 to €475
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 | €113,637 | €110,262 | -€3,375 | -3.0% |
| Fixed assets | 21/28 | €2,861 | - | -€2,861 | |
| Tangible fixed assets | 22/27 | €2,861 | - | -€2,861 | |
| Furniture and vehicles | 24 | €2,861 | - | -€2,861 | |
| Current assets | 29/58 | €110,776 | €110,262 | -€514 | -0.5% |
| Amounts receivable after more than one year | 29 | - | €37,037 | +€37,037 | |
| Other amounts receivable | 291 | - | €37,037 | +€37,037 | |
| Amounts receivable within one year | 40/41 | €65,391 | €41,777 | -€23,613 | -36.1% |
| Trade receivables | 40 | €48,391 | €41,777 | -€6,613 | -13.7% |
| Other amounts receivable | 41 | €17,000 | - | -€17,000 | |
| Cash at bank and in hand | 54/58 | €45,179 | €31,242 | -€13,937 | -30.8% |
| Deferred charges and accrued income | 490/1 | €206 | €206 | = | 0.0% |
| Total equity and liabilities | 10/49 | €113,637 | €110,262 | -€3,375 | -3.0% |
| Equity | 10/15 | €107,187 | €102,117 | -€5,070 | -4.7% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,327 | €100,257 | -€5,070 | -4.8% |
| Amounts payable | 17/49 | €6,450 | €8,145 | +€1,695 | +26.3% |
| Amounts payable within one year | 42/48 | €6,450 | €8,145 | +€1,695 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €6,383 | €6,276 | -€107 | -1.7% |
| Taxes, remuneration and social security | 45 | €67 | €1,869 | +€1,802 | +2,696% |
| Taxes | 450/3 | €67 | €1,869 | +€1,802 | +2,696% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,364 | €2,861 | +€1,498 | +110% |
| Other operating charges | 640/8 | €734 | €475 | -€260 | -35.4% |
| Gross operating margin | 9900 | €25,249 | €506 | -€24,743 | -98.0% |
| Operating profit (loss) | 9901 | €23,151 | -€2,830 | -€25,981 | |
| Financial income | 75/76B | - | €420 | +€420 | |
| Recurring financial income | 75 | - | €420 | +€420 | |
| Financial charges | 65/66B | €438 | €614 | +€176 | +40.2% |
| Recurring financial charges | 65 | €438 | €614 | +€176 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | €22,713 | -€3,024 | -€25,737 | |
| Income taxes | 67/77 | €11,954 | €2,046 | -€9,907 | -82.9% |
| Profit (loss) for the period | 9904 | €10,760 | -€5,070 | -€15,830 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,760 | -€5,070 | -€15,830 |
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.