EFFICIO: 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.
EFFICIO
Largest movements
- Cash -€176,460
down €176,460 (-60.3%), from €292,543 to €116,083
mainly Investment in fixed assets (net) (-€72,586) and Net result for the year (-€55,485)
- Financial fixed assets +€68,600
up €68,600 (+58.4%), from €117,446 to €186,046
- Current investments +€50,000
up €50,000 (+200.0%), from €25,000 to €75,000
- Receivables within one year -€13,174
down €13,174 (-6.5%), from €201,473 to €188,299
of which Trade receivables: -€18,373
- Tangible fixed assets -€9,002
down €9,002 (-30.2%), from €29,851 to €20,848
of which Plant, machinery and equipment: -€5,819
- Reserves -€109,921
down €109,921 (-19.3%), from €571,007 to €461,086
- Debts after one year +€46,841
new in 2025: €46,841
- Tax, wage and social debts -€28,986
down €28,986 (-85.6%), from €33,863 to €4,878
- Current portion of long-term debt +€12,841
up €12,841, from €0 to €12,841
- Gross operating margin -€119,321
down €119,321, from €69,555 to -€49,766
- Taxes -€19,514
down €19,514 (-99.0%), from €19,701 to €187
- Financial charges -€8,716
down €8,716 (-85.5%), from €10,191 to €1,475
of which Non-recurring financial charges: -€9,999
- Financial income +€1,489
up €1,489 (+17.9%), from €8,321 to €9,809
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 | €675,025 | €596,390 | -€78,634 | -11.6% |
| Fixed assets | 21/28 | €147,296 | €206,894 | +€59,598 | +40.5% |
| Tangible fixed assets | 22/27 | €29,851 | €20,848 | -€9,002 | -30.2% |
| Land and buildings | 22 | €4,502 | €3,625 | -€877 | -19.5% |
| Plant, machinery and equipment | 23 | €18,743 | €12,924 | -€5,819 | -31.0% |
| Furniture and vehicles | 24 | €6,605 | €4,299 | -€2,306 | -34.9% |
| Financial fixed assets | 28 | €117,446 | €186,046 | +€68,600 | +58.4% |
| Current assets | 29/58 | €527,729 | €389,496 | -€138,232 | -26.2% |
| Amounts receivable within one year | 40/41 | €201,473 | €188,299 | -€13,174 | -6.5% |
| Trade receivables | 40 | €58,234 | €39,861 | -€18,373 | -31.6% |
| Other amounts receivable | 41 | €143,238 | €148,437 | +€5,199 | +3.6% |
| Current investments | 50/53 | €25,000 | €75,000 | +€50,000 | +200.0% |
| Cash at bank and in hand | 54/58 | €292,543 | €116,083 | -€176,460 | -60.3% |
| Deferred charges and accrued income | 490/1 | €8,713 | €10,115 | +€1,402 | +16.1% |
| Total equity and liabilities | 10/49 | €675,025 | €596,390 | -€78,634 | -11.6% |
| Equity | 10/15 | €589,607 | €479,686 | -€109,921 | -18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €571,007 | €461,086 | -€109,921 | -19.3% |
| Distributable reserves | 133 | €571,007 | €461,086 | -€109,921 | -19.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €44,753 | €44,753 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €44,753 | €44,753 | = | 0.0% |
| Pensions and similar obligations | 160 | €44,753 | €44,753 | = | 0.0% |
| Amounts payable | 17/49 | €40,665 | €71,951 | +€31,286 | +76.9% |
| Amounts payable after more than one year | 17 | - | €46,841 | +€46,841 | |
| Financial debts | 170/4 | - | €46,841 | +€46,841 | |
| Amounts payable within one year | 42/48 | €40,665 | €25,110 | -€15,555 | -38.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €12,841 | +€12,841 | |
| Financial debts | 43 | €2,920 | €130 | -€2,790 | -95.6% |
| Credit institutions | 430/8 | €2,920 | €130 | -€2,790 | -95.6% |
| Trade debts | 44 | €3,567 | €6,947 | +€3,380 | +94.7% |
| Suppliers | 440/4 | €3,567 | €6,947 | +€3,380 | +94.7% |
| Taxes, remuneration and social security | 45 | €33,863 | €4,878 | -€28,986 | -85.6% |
| Taxes | 450/3 | €33,863 | €4,878 | -€28,986 | -85.6% |
| Other amounts payable | 47/48 | €314 | €314 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,307 | €12,988 | +€681 | +5.5% |
| Other operating charges | 640/8 | €945 | €879 | -€66 | -7.0% |
| Gross operating margin | 9900 | €69,555 | -€49,766 | -€119,321 | |
| Operating profit (loss) | 9901 | €56,303 | -€63,633 | -€119,936 | |
| Financial income | 75/76B | €8,321 | €9,809 | +€1,489 | +17.9% |
| Recurring financial income | 75 | €8,321 | €9,809 | +€1,489 | +17.9% |
| Financial charges | 65/66B | €10,191 | €1,475 | -€8,716 | -85.5% |
| Recurring financial charges | 65 | €192 | €1,475 | +€1,283 | +669.1% |
| Non-recurring financial charges | 66B | €9,999 | - | -€9,999 | |
| Profit (loss) for the period before taxes | 9903 | €54,433 | -€55,298 | -€109,731 | |
| Income taxes | 67/77 | €19,701 | €187 | -€19,514 | -99.0% |
| Profit (loss) for the period | 9904 | €34,732 | -€55,485 | -€90,217 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,732 | -€55,485 | -€90,217 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.