EFFICENSIA: 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.
EFFICENSIA
Largest movements
- Receivables within one year -€8,377
down €8,377 (-88.9%), from €9,424 to €1,047
of which Trade receivables: -€7,585
- Deferred charges and accrued income -€5,346
down €5,346 (-89.8%), from €5,953 to €607
- Cash +€2,979
up €2,979 (+411%), from €725 to €3,704
mainly Receivables within one year (+€8,377) and Deferred charges and accrued income (+€5,346)
- Tangible fixed assets +€608
up €608 (+234%), from €260 to €868
- Stocks and contracts -€585
no longer reported in 2025 (was €585)
- Trade debts -€5,248
down €5,248 (-96.3%), from €5,448 to €200
of which Bills of exchange payable: -€4,522
- Profit (loss) carried forward -€3,444
down €3,444, from €2,994 to -€451
- Tax, wage and social debts -€2,833
down €2,833 (-81.4%), from €3,478 to €646
of which Remuneration and social security: -€2,000
- Other debts +€1,055
up €1,055 (+52.0%), from €2,027 to €3,082
- Gross operating margin -€8,971
down €8,971, from €5,758 to -€3,213
- Depreciation -€1,797
down €1,797 (-95.3%), from €1,886 to €89
- Taxes -€878
no longer reported in 2025 (was €878)
- Financial charges +€77
new in 2025: €77
- Other operating charges +€66
new in 2025: €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.
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 | €16,946 | €6,477 | -€10,470 | -61.8% |
| Fixed assets | 21/28 | €260 | €1,118 | +€858 | +330% |
| Tangible fixed assets | 22/27 | €260 | €868 | +€608 | +234% |
| Plant, machinery and equipment | 23 | €260 | €868 | +€608 | +234% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €16,686 | €5,358 | -€11,328 | -67.9% |
| Stocks and contracts in progress | 3 | €585 | - | -€585 | |
| Stocks | 30/36 | €585 | - | -€585 | |
| Amounts receivable within one year | 40/41 | €9,424 | €1,047 | -€8,377 | -88.9% |
| Trade receivables | 40 | €8,632 | €1,047 | -€7,585 | -87.9% |
| Other amounts receivable | 41 | €791 | - | -€791 | |
| Cash at bank and in hand | 54/58 | €725 | €3,704 | +€2,979 | +411% |
| Deferred charges and accrued income | 490/1 | €5,953 | €607 | -€5,346 | -89.8% |
| Total equity and liabilities | 10/49 | €16,946 | €6,477 | -€10,470 | -61.8% |
| Equity | 10/15 | €5,994 | €2,549 | -€3,444 | -57.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,994 | -€451 | -€3,444 | |
| Amounts payable | 17/49 | €10,953 | €3,927 | -€7,026 | -64.1% |
| Amounts payable within one year | 42/48 | €10,953 | €3,927 | -€7,026 | -64.1% |
| Trade debts | 44 | €5,448 | €200 | -€5,248 | -96.3% |
| Suppliers | 440/4 | €926 | €200 | -€726 | -78.4% |
| Bills of exchange payable | 441 | €4,522 | - | -€4,522 | |
| Taxes, remuneration and social security | 45 | €3,478 | €646 | -€2,833 | -81.4% |
| Taxes | 450/3 | €1,478 | €646 | -€833 | -56.3% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €2,027 | €3,082 | +€1,055 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,886 | €89 | -€1,797 | -95.3% |
| Other operating charges | 640/8 | - | €66 | +€66 | |
| Gross operating margin | 9900 | €5,758 | -€3,213 | -€8,971 | |
| Operating profit (loss) | 9901 | €3,872 | -€3,368 | -€7,239 | |
| Financial charges | 65/66B | - | €77 | +€77 | |
| Recurring financial charges | 65 | - | €77 | +€77 | |
| Profit (loss) for the period before taxes | 9903 | €3,872 | -€3,444 | -€7,316 | |
| Income taxes | 67/77 | €878 | - | -€878 | |
| Profit (loss) for the period | 9904 | €2,994 | -€3,444 | -€6,438 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,994 | -€3,444 | -€6,438 |
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 17 October 2026 via checked.be.