EFFICIENCY MANAGEMENT: 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.
EFFICIENCY MANAGEMENT
Largest movements
- Cash +€3,771
up €3,771 (+98.6%), from €3,824 to €7,595
mainly Other debts (+€14,270) and Trade debts (+€5,596)
- Tangible fixed assets +€1,485
up €1,485 (+67.0%), from €2,217 to €3,703
- Receivables within one year +€1,081
up €1,081 (+10.5%), from €10,345 to €11,427
of which Trade receivables: +€937
- Other debts +€14,270
up €14,270 (+59.2%), from €24,086 to €38,356
- Profit (loss) carried forward -€8,124
down €8,124 (-788%), from -€1,031 to -€9,155
- Tax, wage and social debts -€5,622
no longer reported in 2025 (was €5,622)
- Trade debts +€5,596
up €5,596 (+1,222%), from €458 to €6,054
- Gross operating margin -€5,942
down €5,942, from €991 to -€4,951
- Other operating charges +€1,402
up €1,402 (+240%), from €584 to €1,986
- Depreciation -€1,020
down €1,020 (-54.1%), from €1,885 to €865
- Financial income -€855
down €855 (-99.0%), from €864 to €9
- Taxes -€468
down €468 (-100.0%), from €468 to €0
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 | €49,063 | €54,952 | +€5,890 | +12.0% |
| Fixed assets | 21/28 | €2,217 | €3,703 | +€1,485 | +67.0% |
| Tangible fixed assets | 22/27 | €2,217 | €3,703 | +€1,485 | +67.0% |
| Furniture and vehicles | 24 | €2,217 | €3,703 | +€1,485 | +67.0% |
| Current assets | 29/58 | €46,845 | €51,250 | +€4,404 | +9.4% |
| Amounts receivable after more than one year | 29 | €32,228 | €32,228 | = | 0.0% |
| Other amounts receivable | 291 | €32,228 | €32,228 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,345 | €11,427 | +€1,081 | +10.5% |
| Trade receivables | 40 | €7,009 | €7,946 | +€937 | +13.4% |
| Other amounts receivable | 41 | €3,336 | €3,481 | +€145 | +4.3% |
| Cash at bank and in hand | 54/58 | €3,824 | €7,595 | +€3,771 | +98.6% |
| Deferred charges and accrued income | 490/1 | €448 | - | -€448 | |
| Total equity and liabilities | 10/49 | €49,063 | €54,952 | +€5,890 | +12.0% |
| Equity | 10/15 | €18,667 | €10,543 | -€8,124 | -43.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,498 | €13,498 | = | 0.0% |
| Distributable reserves | 133 | €13,498 | €13,498 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,031 | -€9,155 | -€8,124 | -788% |
| Amounts payable | 17/49 | €30,396 | €44,409 | +€14,013 | +46.1% |
| Amounts payable within one year | 42/48 | €30,165 | €44,409 | +€14,244 | +47.2% |
| Trade debts | 44 | €458 | €6,054 | +€5,596 | +1,222% |
| Suppliers | 440/4 | €458 | €6,054 | +€5,596 | +1,222% |
| Taxes, remuneration and social security | 45 | €5,622 | - | -€5,622 | |
| Taxes | 450/3 | €5,622 | - | -€5,622 | |
| Other amounts payable | 47/48 | €24,086 | €38,356 | +€14,270 | +59.2% |
| Accrued charges and deferred income | 492/3 | €230 | - | -€230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,885 | €865 | -€1,020 | -54.1% |
| Other operating charges | 640/8 | €584 | €1,986 | +€1,402 | +240% |
| Gross operating margin | 9900 | €991 | -€4,951 | -€5,942 | |
| Operating profit (loss) | 9901 | -€1,479 | -€7,803 | -€6,324 | -428% |
| Financial income | 75/76B | €864 | €9 | -€855 | -99.0% |
| Recurring financial income | 75 | €864 | €9 | -€855 | -99.0% |
| Financial charges | 65/66B | €659 | €330 | -€329 | -50.0% |
| Recurring financial charges | 65 | €659 | €330 | -€329 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,274 | -€8,124 | -€6,850 | -538% |
| Income taxes | 67/77 | €468 | €0 | -€468 | -100.0% |
| Profit (loss) for the period | 9904 | -€1,741 | -€8,124 | -€6,382 | -366% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,741 | -€8,124 | -€6,382 | -366% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.