EFFICACE-IT: 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.
EFFICACE-IT
Largest movements
- Receivables within one year -€58,196
down €58,196 (-61.9%), from €94,041 to €35,845
of which Other amounts receivable: -€49,911
- Tangible fixed assets +€23,684
up €23,684 (+988%), from €2,397 to €26,081
of which Furniture and vehicles: +€22,751
- Cash +€21,450
up €21,450 (+279%), from €7,690 to €29,139
mainly Other debts (+€76,216) and Receivables within one year (+€58,196)
- Reserves -€106,862
down €106,862 (-85.8%), from €124,488 to €17,625
- Other debts +€76,216
up €76,216 (+107%), from €70,915 to €147,130
- Debts after one year +€19,117
new in 2025: €19,117
- Provisions -€15,127
down €15,127 (-33.7%), from €44,861 to €29,734
- Current portion of long-term debt +€4,889
new in 2025: €4,889
- Gross operating margin -€38,390
down €38,390 (-29.2%), from €131,692 to €93,302
- Provisions -€14,650
down €14,650 (-3,070%), from -€477 to -€15,127
- Financial charges -€9,796
down €9,796 (-17.8%), from €55,036 to €45,240
- Taxes -€5,383
down €5,383 (-30.1%), from €17,895 to €12,512
- Depreciation -€4,926
down €4,926 (-58.8%), from €8,372 to €3,446
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 | €257,447 | €242,081 | -€15,366 | -6.0% |
| Fixed assets | 21/28 | €2,397 | €26,081 | +€23,684 | +988% |
| Tangible fixed assets | 22/27 | €2,397 | €26,081 | +€23,684 | +988% |
| Plant, machinery and equipment | 23 | €1,639 | €2,572 | +€933 | +56.9% |
| Furniture and vehicles | 24 | €759 | €23,510 | +€22,751 | +2,998% |
| Current assets | 29/58 | €255,050 | €216,000 | -€39,050 | -15.3% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €94,041 | €35,845 | -€58,196 | -61.9% |
| Trade receivables | 40 | €20,181 | €11,896 | -€8,286 | -41.1% |
| Other amounts receivable | 41 | €73,860 | €23,949 | -€49,911 | -67.6% |
| Cash at bank and in hand | 54/58 | €7,690 | €29,139 | +€21,450 | +279% |
| Deferred charges and accrued income | 490/1 | €3,319 | €1,015 | -€2,303 | -69.4% |
| Total equity and liabilities | 10/49 | €257,447 | €242,081 | -€15,366 | -6.0% |
| Equity | 10/15 | €125,488 | €18,625 | -€106,862 | -85.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €124,488 | €17,625 | -€106,862 | -85.8% |
| Distributable reserves | 133 | €124,488 | €17,625 | -€106,862 | -85.8% |
| Provisions and deferred taxes | 16 | €44,861 | €29,734 | -€15,127 | -33.7% |
| Provisions for liabilities and charges | 160/5 | €44,861 | €29,734 | -€15,127 | -33.7% |
| Other liabilities and charges | 164/5 | €44,861 | €29,734 | -€15,127 | -33.7% |
| Amounts payable | 17/49 | €87,099 | €193,722 | +€106,623 | +122% |
| Amounts payable after more than one year | 17 | - | €19,117 | +€19,117 | |
| Financial debts | 170/4 | - | €19,117 | +€19,117 | |
| Amounts payable within one year | 42/48 | €87,099 | €174,605 | +€87,505 | +100% |
| Current portion of amounts payable after more than one year | 42 | - | €4,889 | +€4,889 | |
| Trade debts | 44 | €85 | €2,977 | +€2,891 | +3,390% |
| Suppliers | 440/4 | €85 | €2,977 | +€2,891 | +3,390% |
| Taxes, remuneration and social security | 45 | €16,100 | €19,609 | +€3,509 | +21.8% |
| Taxes | 450/3 | €16,100 | €19,609 | +€3,509 | +21.8% |
| Other amounts payable | 47/48 | €70,915 | €147,130 | +€76,216 | +107% |
| Remuneration, social security and pensions | 62 | €1,128 | €19 | -€1,109 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,372 | €3,446 | -€4,926 | -58.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€477 | -€15,127 | -€14,650 | -3,070% |
| Other operating charges | 640/8 | €1,398 | €626 | -€772 | -55.2% |
| Gross operating margin | 9900 | €131,692 | €93,302 | -€38,390 | -29.2% |
| Operating profit (loss) | 9901 | €121,272 | €104,338 | -€16,933 | -14.0% |
| Financial income | 75/76B | €9,649 | €10,991 | +€1,343 | +13.9% |
| Recurring financial income | 75 | €9,649 | €10,991 | +€1,343 | +13.9% |
| Financial charges | 65/66B | €55,036 | €45,240 | -€9,796 | -17.8% |
| Recurring financial charges | 65 | €55,036 | €45,240 | -€9,796 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €75,885 | €70,090 | -€5,795 | -7.6% |
| Income taxes | 67/77 | €17,895 | €12,512 | -€5,383 | -30.1% |
| Profit (loss) for the period | 9904 | €57,990 | €57,578 | -€412 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,990 | €57,578 | -€412 | -0.7% |
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 13 October 2026 via checked.be.