EFFICON: 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.
EFFICON
Largest movements
- Intangible fixed assets -€5,390
down €5,390 (-18.4%), from €29,297 to €23,907
- Cash +€2,283
up €2,283 (+6.4%), from €35,639 to €37,922
mainly Net result for the year (+€22,050) and Depreciation (+€8,768)
- Receivables within one year -€2,198
down €2,198 (-20.6%), from €10,662 to €8,464
of which Trade receivables: -€4,852
- Tangible fixed assets -€1,949
down €1,949 (-19.8%), from €9,839 to €7,890
of which Plant, machinery and equipment: -€1,300
- Other debts -€20,170
down €20,170 (-86.3%), from €23,365 to €3,196
- Reserves +€18,081
up €18,081 (+55.4%), from €32,661 to €50,742
- Debts after one year -€5,703
down €5,703 (-20.2%), from €28,267 to €22,564
- Profit (loss) carried forward +€3,968
no longer reported in 2025 (was -€3,968)
- Tax, wage and social debts -€3,924
down €3,924 (-78.0%), from €5,028 to €1,105
- Gross operating margin +€10,904
up €10,904 (+32.6%), from €33,488 to €44,392
- Taxes +€9,741
up €9,741 (+3586.1%), from €272 to €10,013
- Financial charges -€1,395
down €1,395 (-33.6%), from €4,154 to €2,759
- Write-downs -€600
no longer reported in 2025 (was €600)
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 | €97,650 | €91,097 | -€6,554 | -6.7% |
| Fixed assets | 21/28 | €39,166 | €31,827 | -€7,339 | -18.7% |
| Intangible fixed assets | 21 | €29,297 | €23,907 | -€5,390 | -18.4% |
| Tangible fixed assets | 22/27 | €9,839 | €7,890 | -€1,949 | -19.8% |
| Plant, machinery and equipment | 23 | €4,466 | €3,166 | -€1,300 | -29.1% |
| Furniture and vehicles | 24 | €2,631 | €2,761 | +€129 | +4.9% |
| Other tangible fixed assets | 26 | €2,741 | €1,963 | -€779 | -28.4% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €58,485 | €59,270 | +€785 | +1.3% |
| Stocks and contracts in progress | 3 | €10,928 | €10,988 | +€60 | +0.6% |
| Stocks | 30/36 | €10,928 | €10,988 | +€60 | +0.6% |
| Amounts receivable within one year | 40/41 | €10,662 | €8,464 | -€2,198 | -20.6% |
| Trade receivables | 40 | €9,921 | €5,069 | -€4,852 | -48.9% |
| Other amounts receivable | 41 | €741 | €3,395 | +€2,654 | +358.1% |
| Cash at bank and in hand | 54/58 | €35,639 | €37,922 | +€2,283 | +6.4% |
| Deferred charges and accrued income | 490/1 | €1,256 | €1,896 | +€640 | +50.9% |
| Total equity and liabilities | 10/49 | €97,650 | €91,097 | -€6,554 | -6.7% |
| Equity | 10/15 | €30,692 | €52,742 | +€22,050 | +71.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €32,661 | €50,742 | +€18,081 | +55.4% |
| Distributable reserves | 133 | €32,661 | €50,742 | +€18,081 | +55.4% |
| Profit (loss) carried forward | 14 | -€3,968 | - | +€3,968 | |
| Amounts payable | 17/49 | €66,958 | €38,355 | -€28,603 | -42.7% |
| Amounts payable after more than one year | 17 | €28,267 | €22,564 | -€5,703 | -20.2% |
| Financial debts | 170/4 | €28,267 | €22,564 | -€5,703 | -20.2% |
| Amounts payable within one year | 42/48 | €38,664 | €15,044 | -€23,620 | -61.1% |
| Current portion of amounts payable after more than one year | 42 | €5,404 | €8,872 | +€3,468 | +64.2% |
| Trade debts | 44 | €4,866 | €1,872 | -€2,994 | -61.5% |
| Suppliers | 440/4 | €4,866 | €1,872 | -€2,994 | -61.5% |
| Taxes, remuneration and social security | 45 | €5,028 | €1,105 | -€3,924 | -78.0% |
| Taxes | 450/3 | €5,028 | €1,105 | -€3,924 | -78.0% |
| Other amounts payable | 47/48 | €23,365 | €3,196 | -€20,170 | -86.3% |
| Accrued charges and deferred income | 492/3 | €27 | €746 | +€719 | +2647.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,670 | €8,768 | +€97 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €600 | - | -€600 | |
| Other operating charges | 640/8 | €779 | €803 | +€24 | +3.1% |
| Gross operating margin | 9900 | €33,488 | €44,392 | +€10,904 | +32.6% |
| Operating profit (loss) | 9901 | €23,439 | €34,821 | +€11,382 | +48.6% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €4,154 | €2,759 | -€1,395 | -33.6% |
| Recurring financial charges | 65 | €4,154 | €2,759 | -€1,395 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €19,289 | €32,063 | +€12,774 | +66.2% |
| Income taxes | 67/77 | €272 | €10,013 | +€9,741 | +3586.1% |
| Profit (loss) for the period | 9904 | €19,017 | €22,050 | +€3,032 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,017 | €22,050 | +€3,032 | +15.9% |
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 11 October 2026 via checked.be.