EfficientBoards: 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.
EfficientBoards
Largest movements
- Current investments -€61,655
no longer reported in 2025 (was €61,655)
- Cash +€57,800
up €57,800 (+81.7%), from €70,762 to €128,562
mainly Current investments (+€61,655) and Depreciation (+€15,574)
- Tangible fixed assets -€15,574
down €15,574 (-21.5%), from €72,549 to €56,975
of which Leasing and similar rights: -€12,942
- Receivables within one year -€13,227
down €13,227 (-75.2%), from €17,585 to €4,358
of which Trade receivables: -€13,371
- Deferred charges and accrued income +€3,107
up €3,107 (+56.5%), from €5,495 to €8,602
- Trade debts -€38,389
down €38,389 (-95.6%), from €40,167 to €1,777
- Reserves +€15,000
up €15,000 (+12.0%), from €124,500 to €139,500
- Debts after one year -€12,767
down €12,767 (-28.5%), from €44,816 to €32,049
- Other debts +€3,607
up €3,607 (+73.9%), from €4,880 to €8,487
- Tax, wage and social debts +€2,653
new in 2025: €2,653
- Depreciation +€6,950
up €6,950 (+80.6%), from €8,625 to €15,574
- Gross operating margin +€5,015
up €5,015 (+15.0%), from €33,322 to €38,337
- Financial income -€4,275
down €4,275 (-68.1%), from €6,274 to €1,999
- Taxes -€1,882
down €1,882 (-21.8%), from €8,632 to €6,750
- Financial charges -€1,698
down €1,698 (-96.9%), from €1,753 to €55
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 | €228,047 | €198,496 | -€29,550 | -13.0% |
| Fixed assets | 21/28 | €72,549 | €56,975 | -€15,574 | -21.5% |
| Tangible fixed assets | 22/27 | €72,549 | €56,975 | -€15,574 | -21.5% |
| Furniture and vehicles | 24 | €1,483 | €224 | -€1,259 | -84.9% |
| Leasing and similar rights | 25 | €57,957 | €45,015 | -€12,942 | -22.3% |
| Other tangible fixed assets | 26 | €13,109 | €11,736 | -€1,373 | -10.5% |
| Current assets | 29/58 | €155,497 | €141,522 | -€13,976 | -9.0% |
| Amounts receivable within one year | 40/41 | €17,585 | €4,358 | -€13,227 | -75.2% |
| Trade receivables | 40 | €13,371 | - | -€13,371 | |
| Other amounts receivable | 41 | €4,215 | €4,358 | +€143 | +3.4% |
| Current investments | 50/53 | €61,655 | - | -€61,655 | |
| Cash at bank and in hand | 54/58 | €70,762 | €128,562 | +€57,800 | +81.7% |
| Deferred charges and accrued income | 490/1 | €5,495 | €8,602 | +€3,107 | +56.5% |
| Total equity and liabilities | 10/49 | €228,047 | €198,496 | -€29,550 | -13.0% |
| Equity | 10/15 | €125,417 | €140,763 | +€15,346 | +12.2% |
| Reserves | 13 | €124,500 | €139,500 | +€15,000 | +12.0% |
| Distributable reserves | 133 | €124,500 | €139,500 | +€15,000 | +12.0% |
| Profit (loss) carried forward | 14 | €917 | €1,263 | +€346 | +37.7% |
| Amounts payable | 17/49 | €102,630 | €57,734 | -€44,896 | -43.7% |
| Amounts payable after more than one year | 17 | €44,816 | €32,049 | -€12,767 | -28.5% |
| Financial debts | 170/4 | €44,816 | €32,049 | -€12,767 | -28.5% |
| Amounts payable within one year | 42/48 | €57,814 | €25,685 | -€32,129 | -55.6% |
| Current portion of amounts payable after more than one year | 42 | €12,767 | €12,767 | = | 0.0% |
| Trade debts | 44 | €40,167 | €1,777 | -€38,389 | -95.6% |
| Suppliers | 440/4 | €40,167 | €1,777 | -€38,389 | -95.6% |
| Taxes, remuneration and social security | 45 | - | €2,653 | +€2,653 | |
| Taxes | 450/3 | - | €2,653 | +€2,653 | |
| Other amounts payable | 47/48 | €4,880 | €8,487 | +€3,607 | +73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,625 | €15,574 | +€6,950 | +80.6% |
| Other operating charges | 640/8 | €1,713 | €2,610 | +€897 | +52.4% |
| Gross operating margin | 9900 | €33,322 | €38,337 | +€5,015 | +15.0% |
| Operating profit (loss) | 9901 | €22,984 | €20,152 | -€2,832 | -12.3% |
| Financial income | 75/76B | €6,274 | €1,999 | -€4,275 | -68.1% |
| Recurring financial income | 75 | €6,274 | €1,999 | -€4,275 | -68.1% |
| Financial charges | 65/66B | €1,753 | €55 | -€1,698 | -96.9% |
| Recurring financial charges | 65 | €1,753 | €55 | -€1,698 | -96.9% |
| Profit (loss) for the period before taxes | 9903 | €27,505 | €22,096 | -€5,409 | -19.7% |
| Income taxes | 67/77 | €8,632 | €6,750 | -€1,882 | -21.8% |
| Profit (loss) for the period | 9904 | €18,872 | €15,346 | -€3,527 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,872 | €15,346 | -€3,527 | -18.7% |
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 28 September 2026 via checked.be.