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EFFICA MANAGEMENT: 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.

What changed

EFFICA MANAGEMENT

BE 0811.323.638
NACE 69.201, Certified accountants and tax accountants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1,292
2024 · -€1,980+€688
Equity
€35,373
2024 · €36,665-€1,292
Cash
€2,838
2024 · €1,872+€966
Balance sheet total
€41,897
2024 · €41,064+€833

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€1,912

    down €1,912 (-45.3%), from €4,225 to €2,313

    of which Furniture and vehicles: -€1,316

  • Receivables within one year +€1,551

    up €1,551 (+4.7%), from €32,702 to €34,253

    of which Other amounts receivable: +€1,018

  • Cash +€966

    up €966 (+51.6%), from €1,872 to €2,838

    mainly Short-term financial debts (+€4,050) and Depreciation (+€1,912)

Equity and liabilities
  • Short-term financial debts +€4,050

    up €4,050 (+467.7%), from €866 to €4,916

  • Tax, wage and social debts -€1,691

    down €1,691 (-54.6%), from €3,098 to €1,407

  • Profit (loss) carried forward -€1,292

    down €1,292 (-4.3%), from €29,845 to €28,553

Income statement
  • Taxes -€460

    down €460 (-33.5%), from €1,372 to €912

  • Gross operating margin +€413

    up €413 (+6.8%), from €6,045 to €6,458

  • Financial charges +€174

    up €174 (+64.0%), from €272 to €446

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€1,980
Gross operating margin +€413
Depreciation -€1
Other operating charges -€6
Financial income -€4
Financial charges -€174
Taxes +€460
Result 2025 -€1,292

Cash bridge derived

cash 2024 to 2025

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.

From operations -€3,084
Investment €0
Financing +€4,050
Cash 2024 €1,872
Net result for the year -€1,292
Depreciation +€1,912
Receivables within one year -€1,551
Deferred charges and accrued income -€228
Trade debts -€234
Tax, wage and social debts -€1,691
Short-term financial debts +€4,050
Cash 2025 €2,838
Every line side by side 42 lines
Line Code 2024 2025 Change %
Total assets 20/58 €41,064 €41,897 +€833 +2.0%
Fixed assets 21/28 €6,293 €4,381 -€1,912 -30.4%
Tangible fixed assets 22/27 €4,225 €2,313 -€1,912 -45.3%
Land and buildings 22 €1,589 €993 -€596 -37.5%
Furniture and vehicles 24 €2,636 €1,320 -€1,316 -49.9%
Financial fixed assets 28 €2,068 €2,068 = 0.0%
Current assets 29/58 €34,771 €37,516 +€2,745 +7.9%
Amounts receivable within one year 40/41 €32,702 €34,253 +€1,551 +4.7%
Trade receivables 40 €782 €1,315 +€533 +68.2%
Other amounts receivable 41 €31,920 €32,938 +€1,018 +3.2%
Cash at bank and in hand 54/58 €1,872 €2,838 +€966 +51.6%
Deferred charges and accrued income 490/1 €197 €425 +€228 +115.7%
Total equity and liabilities 10/49 €41,064 €41,897 +€833 +2.0%
Equity 10/15 €36,665 €35,373 -€1,292 -3.5%
Contributions 10/11 €6,200 €6,200 = 0.0%
Capital 10 €6,200 €6,200 = 0.0%
Issued capital 100 €18,600 €18,600 = 0.0%
Uncalled capital 101 €12,400 €12,400 = 0.0%
Reserves 13 €620 €620 = 0.0%
Non-distributable reserves 130/1 €620 €620 = 0.0%
Legal reserve 130 €620 €620 = 0.0%
Profit (loss) carried forward 14 €29,845 €28,553 -€1,292 -4.3%
Amounts payable 17/49 €4,399 €6,524 +€2,125 +48.3%
Amounts payable within one year 42/48 €4,399 €6,524 +€2,125 +48.3%
Financial debts 43 €866 €4,916 +€4,050 +467.7%
Other loans 439 €866 €4,916 +€4,050 +467.7%
Trade debts 44 €435 €201 -€234 -53.8%
Suppliers 440/4 €435 €201 -€234 -53.8%
Taxes, remuneration and social security 45 €3,098 €1,407 -€1,691 -54.6%
Taxes 450/3 €3,098 €1,407 -€1,691 -54.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €1,911 €1,912 +€1 +0.1%
Other operating charges 640/8 €4,474 €4,480 +€6 +0.1%
Gross operating margin 9900 €6,045 €6,458 +€413 +6.8%
Operating profit (loss) 9901 -€340 €66 +€406
Financial income 75/76B €4 - -€4
Recurring financial income 75 €4 - -€4
Financial charges 65/66B €272 €446 +€174 +64.0%
Recurring financial charges 65 €272 €446 +€174 +64.0%
Profit (loss) for the period before taxes 9903 -€608 -€380 +€228 +37.5%
Income taxes 67/77 €1,372 €912 -€460 -33.5%
Profit (loss) for the period 9904 -€1,980 -€1,292 +€688 +34.7%
Profit (loss) for the period to be appropriated 9905 -€1,980 -€1,292 +€688 +34.7%

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 28 September 2026 via checked.be.