EFFICIENT-C: 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.
EFFICIENT-C
Largest movements
- Cash -€73,370
down €73,370 (-33.4%), from €219,756 to €146,386
mainly Receivables within one year (-€64,224) and Other debts (-€45,822)
- Receivables within one year +€64,224
up €64,224 (+312.5%), from €20,555 to €84,779
of which Other amounts receivable: +€62,519
- Tangible fixed assets -€40,381
down €40,381 (-10.9%), from €371,822 to €331,441
of which Land and buildings: -€34,542
- Stocks and contracts +€14,000
new in 2025: €14,000
- Other debts -€45,822
down €45,822 (-74.0%), from €61,913 to €16,092
- Debts after one year -€30,844
no longer reported in 2025 (was €30,844)
- Reserves +€25,846
up €25,846 (+5.5%), from €471,655 to €497,501
of which Distributable reserves: +€25,846
- Tax, wage and social debts +€12,068
up €12,068 (+120.8%), from €9,990 to €22,058
- Turnover +€238,487
new in 2025: €238,487
- Purchases and services +€124,733
new in 2025: €124,733
- Gross operating margin +€58,460
up €58,460 (+76.6%), from €76,282 to €134,742
- Taxes +€14,941
up €14,941 (+126.2%), from €11,841 to €26,782
- Depreciation -€3,245
down €3,245 (-7.9%), from €40,880 to €37,635
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 | €614,198 | €578,211 | -€35,987 | -5.9% |
| Fixed assets | 21/28 | €372,572 | €332,191 | -€40,381 | -10.8% |
| Tangible fixed assets | 22/27 | €371,822 | €331,441 | -€40,381 | -10.9% |
| Land and buildings | 22 | €346,914 | €312,372 | -€34,542 | -10.0% |
| Plant, machinery and equipment | 23 | - | €7,777 | +€7,777 | |
| Furniture and vehicles | 24 | €24,908 | €11,292 | -€13,616 | -54.7% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €241,625 | €246,020 | +€4,395 | +1.8% |
| Stocks and contracts in progress | 3 | - | €14,000 | +€14,000 | |
| Contracts in progress | 37 | - | €14,000 | +€14,000 | |
| Amounts receivable within one year | 40/41 | €20,555 | €84,779 | +€64,224 | +312.5% |
| Trade receivables | 40 | €18,150 | €19,855 | +€1,705 | +9.4% |
| Other amounts receivable | 41 | €2,405 | €64,924 | +€62,519 | +2599.7% |
| Cash at bank and in hand | 54/58 | €219,756 | €146,386 | -€73,370 | -33.4% |
| Deferred charges and accrued income | 490/1 | €1,315 | €855 | -€460 | -35.0% |
| Total equity and liabilities | 10/49 | €614,198 | €578,211 | -€35,987 | -5.9% |
| Equity | 10/15 | €472,193 | €497,888 | +€25,695 | +5.4% |
| Reserves | 13 | €471,655 | €497,501 | +€25,846 | +5.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €469,795 | €495,641 | +€25,846 | +5.5% |
| Profit (loss) carried forward | 14 | €538 | €387 | -€151 | -28.1% |
| Amounts payable | 17/49 | €142,005 | €80,323 | -€61,682 | -43.4% |
| Amounts payable after more than one year | 17 | €30,844 | - | -€30,844 | |
| Financial debts | 170/4 | €30,844 | - | -€30,844 | |
| Amounts payable within one year | 42/48 | €110,761 | €80,323 | -€30,438 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €30,115 | €30,838 | +€723 | +2.4% |
| Trade debts | 44 | €8,743 | €11,336 | +€2,593 | +29.7% |
| Suppliers | 440/4 | €8,743 | €11,336 | +€2,593 | +29.7% |
| Taxes, remuneration and social security | 45 | €9,990 | €22,058 | +€12,068 | +120.8% |
| Taxes | 450/3 | €9,990 | €22,058 | +€12,068 | +120.8% |
| Other amounts payable | 47/48 | €61,913 | €16,092 | -€45,822 | -74.0% |
| Accrued charges and deferred income | 492/3 | €400 | - | -€400 | |
| Turnover | 70 | - | €238,487 | +€238,487 | |
| Non-recurring operating income | 76A | - | €5,624 | +€5,624 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €124,733 | +€124,733 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,880 | €37,635 | -€3,245 | -7.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,228 | - | +€2,228 | |
| Other operating charges | 640/8 | €2,201 | €2,030 | -€172 | -7.8% |
| Gross operating margin | 9900 | €76,282 | €134,742 | +€58,460 | +76.6% |
| Operating profit (loss) | 9901 | €35,429 | €95,077 | +€59,648 | +168.4% |
| Financial income | 75/76B | €4,153 | €2,817 | -€1,336 | -32.2% |
| Recurring financial income | 75 | €4,153 | €2,817 | -€1,336 | -32.2% |
| Financial charges | 65/66B | €2,159 | €1,563 | -€596 | -27.6% |
| Recurring financial charges | 65 | €2,159 | €1,563 | -€596 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €37,422 | €96,331 | +€58,909 | +157.4% |
| Income taxes | 67/77 | €11,841 | €26,782 | +€14,941 | +126.2% |
| Profit (loss) for the period | 9904 | €25,581 | €69,549 | +€43,968 | +171.9% |
| Transfer from tax-exempt reserves | 789 | - | €43,854 | +€43,854 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,581 | €113,403 | +€87,822 | +343.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.