Efficado: 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.
Efficado
Largest movements
- Receivables within one year -€18,818
down €18,818 (-65.7%), from €28,637 to €9,819
of which Trade receivables: -€25,800
- Cash -€13,915
down €13,915 (-73.7%), from €18,872 to €4,958
mainly Net result for the year (-€18,795) and Accrued charges and deferred income (-€9,252)
- Tangible fixed assets -€2,756
no longer reported in 2025 (was €2,756)
of which Furniture and vehicles: -€1,818
- Profit (loss) carried forward -€18,795
down €18,795 (-101.0%), from -€18,614 to -€37,409
- Accrued charges and deferred income -€9,252
down €9,252 (-92.5%), from €10,000 to €748
- Debts after one year -€5,733
down €5,733 (-26.1%), from €21,950 to €16,216
- Tax, wage and social debts -€1,785
down €1,785 (-88.5%), from €2,017 to €232
- Short-term financial debts -€955
down €955 (-78.7%), from €1,214 to €259
- Financial charges +€19,020
up €19,020 (+1459.6%), from €1,303 to €20,323
- Depreciation +€382
up €382 (+26.6%), from €1,436 to €1,818
- Gross operating margin +€287
up €287 (+6.2%), from €4,628 to €4,915
- Other operating charges +€244
up €244 (+63.0%), from €387 to €631
- Taxes -€66
no longer reported in 2025 (was €66)
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.
Cash bridge derived
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 | €50,391 | €15,105 | -€35,286 | -70.0% |
| Fixed assets | 21/28 | €2,756 | - | -€2,756 | |
| Tangible fixed assets | 22/27 | €2,756 | - | -€2,756 | |
| Plant, machinery and equipment | 23 | €938 | - | -€938 | |
| Furniture and vehicles | 24 | €1,818 | - | -€1,818 | |
| Current assets | 29/58 | €47,635 | €15,105 | -€32,530 | -68.3% |
| Amounts receivable within one year | 40/41 | €28,637 | €9,819 | -€18,818 | -65.7% |
| Trade receivables | 40 | €27,617 | €1,816 | -€25,800 | -93.4% |
| Other amounts receivable | 41 | €1,020 | €8,002 | +€6,983 | +684.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €18,872 | €4,958 | -€13,915 | -73.7% |
| Deferred charges and accrued income | 490/1 | €126 | €328 | +€202 | +160.4% |
| Total equity and liabilities | 10/49 | €50,391 | €15,105 | -€35,286 | -70.0% |
| Equity | 10/15 | €9,077 | -€9,718 | -€18,795 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,091 | €9,091 | = | 0.0% |
| Distributable reserves | 133 | €9,091 | €9,091 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,614 | -€37,409 | -€18,795 | -101.0% |
| Amounts payable | 17/49 | €41,314 | €24,823 | -€16,491 | -39.9% |
| Amounts payable after more than one year | 17 | €21,950 | €16,216 | -€5,733 | -26.1% |
| Financial debts | 170/4 | €21,950 | €16,216 | -€5,733 | -26.1% |
| Amounts payable within one year | 42/48 | €9,364 | €7,859 | -€1,506 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €5,648 | €6,207 | +€559 | +9.9% |
| Financial debts | 43 | €1,214 | €259 | -€955 | -78.7% |
| Credit institutions | 430/8 | €1,214 | €259 | -€955 | -78.7% |
| Trade debts | 44 | €481 | €1,115 | +€635 | +132.1% |
| Suppliers | 440/4 | €481 | €1,115 | +€635 | +132.1% |
| Taxes, remuneration and social security | 45 | €2,017 | €232 | -€1,785 | -88.5% |
| Taxes | 450/3 | €2,017 | €232 | -€1,785 | -88.5% |
| Other amounts payable | 47/48 | €5 | €46 | +€40 | +786.2% |
| Accrued charges and deferred income | 492/3 | €10,000 | €748 | -€9,252 | -92.5% |
| Non-recurring operating income | 76A | €571 | - | -€571 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,436 | €1,818 | +€382 | +26.6% |
| Other operating charges | 640/8 | €387 | €631 | +€244 | +63.0% |
| Non-recurring operating charges | 66A | €406 | €938 | +€531 | +130.7% |
| Gross operating margin | 9900 | €4,628 | €4,915 | +€287 | +6.2% |
| Operating profit (loss) | 9901 | €2,398 | €1,528 | -€871 | -36.3% |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €1,303 | €20,323 | +€19,020 | +1459.6% |
| Recurring financial charges | 65 | €1,303 | €20,323 | +€19,020 | +1459.6% |
| Profit (loss) for the period before taxes | 9903 | €1,120 | -€18,795 | -€19,915 | |
| Income taxes | 67/77 | €66 | - | -€66 | |
| Profit (loss) for the period | 9904 | €1,054 | -€18,795 | -€19,849 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,054 | -€18,795 | -€19,849 |
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 5 October 2026 via checked.be.