EFFICAS: 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.
EFFICAS
Largest movements
- Tangible fixed assets +€17,652
up €17,652 (+895.5%), from €1,971 to €19,623
of which Furniture and vehicles: +€17,999
- Cash -€2,498
down €2,498 (-19.5%), from €12,821 to €10,323
mainly Investment in fixed assets (net) (-€23,200) and Net result for the year (-€5,019)
- Receivables within one year +€454
up €454 (+4.9%), from €9,334 to €9,788
of which Trade receivables: +€459
- Debts after one year +€14,500
new in 2025: €14,500
- Profit (loss) carried forward -€5,019
down €5,019 (-17.6%), from -€28,470 to -€33,488
- Tax, wage and social debts +€4,326
up €4,326 (+35.5%), from €12,180 to €16,506
of which Remuneration and social security: +€2,700
- Trade debts +€1,303
up €1,303 (+60.8%), from €2,144 to €3,447
- Gross operating margin -€15,440
down €15,440 (-83.2%), from €18,567 to €3,127
- Depreciation +€4,801
up €4,801 (+643.1%), from €747 to €5,548
- Financial charges +€533
up €533 (+231.7%), from €230 to €763
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 | €26,230 | €41,733 | +€15,503 | +59.1% |
| Fixed assets | 21/28 | €1,971 | €19,623 | +€17,652 | +895.5% |
| Tangible fixed assets | 22/27 | €1,971 | €19,623 | +€17,652 | +895.5% |
| Land and buildings | 22 | €1,728 | €1,381 | -€347 | -20.1% |
| Furniture and vehicles | 24 | €243 | €18,242 | +€17,999 | +7398.1% |
| Current assets | 29/58 | €24,259 | €22,110 | -€2,149 | -8.9% |
| Amounts receivable within one year | 40/41 | €9,334 | €9,788 | +€454 | +4.9% |
| Trade receivables | 40 | €9,329 | €9,788 | +€459 | +4.9% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,821 | €10,323 | -€2,498 | -19.5% |
| Deferred charges and accrued income | 490/1 | €2,104 | €1,999 | -€105 | -5.0% |
| Total equity and liabilities | 10/49 | €26,230 | €41,733 | +€15,503 | +59.1% |
| Equity | 10/15 | €10,657 | €5,638 | -€5,019 | -47.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,926 | €32,926 | = | 0.0% |
| Distributable reserves | 133 | €32,926 | €32,926 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,470 | -€33,488 | -€5,019 | -17.6% |
| Amounts payable | 17/49 | €15,574 | €36,095 | +€20,522 | +131.8% |
| Amounts payable after more than one year | 17 | - | €14,500 | +€14,500 | |
| Financial debts | 170/4 | - | €14,500 | +€14,500 | |
| Amounts payable within one year | 42/48 | €15,348 | €21,082 | +€5,734 | +37.4% |
| Trade debts | 44 | €2,144 | €3,447 | +€1,303 | +60.8% |
| Suppliers | 440/4 | €2,144 | €3,447 | +€1,303 | +60.8% |
| Taxes, remuneration and social security | 45 | €12,180 | €16,506 | +€4,326 | +35.5% |
| Taxes | 450/3 | €2,274 | €3,901 | +€1,626 | +71.5% |
| Remuneration and social security | 454/9 | €9,905 | €12,605 | +€2,700 | +27.3% |
| Other amounts payable | 47/48 | €1,024 | €1,128 | +€105 | +10.2% |
| Accrued charges and deferred income | 492/3 | €226 | €513 | +€287 | +127.2% |
| Non-recurring operating income | 76A | - | €3,966 | +€3,966 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €747 | €5,548 | +€4,801 | +643.1% |
| Other operating charges | 640/8 | €1,316 | €1,459 | +€142 | +10.8% |
| Gross operating margin | 9900 | €18,567 | €3,127 | -€15,440 | -83.2% |
| Operating profit (loss) | 9901 | €16,504 | -€3,880 | -€20,384 | |
| Financial income | 75/76B | €0 | €7 | +€7 | +65700.0% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +65700.0% |
| Financial charges | 65/66B | €230 | €763 | +€533 | +231.7% |
| Recurring financial charges | 65 | €230 | €763 | +€533 | +231.7% |
| Profit (loss) for the period before taxes | 9903 | €16,274 | -€4,636 | -€20,910 | |
| Income taxes | 67/77 | €267 | €383 | +€116 | +43.3% |
| Profit (loss) for the period | 9904 | €16,007 | -€5,019 | -€21,025 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,007 | -€5,019 | -€21,025 |
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 3 October 2026 via checked.be.