EFFISENS: 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.
EFFISENS
Largest movements
- Cash -€66,963
down €66,963 (-57.5%), from €116,538 to €49,575
mainly Receivables after one year (-€62,000) and Receivables within one year (-€32,184)
- Receivables after one year +€62,000
up €62,000 (+38.9%), from €159,500 to €221,500
- Receivables within one year +€32,184
up €32,184 (+83.8%), from €38,387 to €70,571
of which Trade receivables: +€32,097
- Tangible fixed assets +€5,050
up €5,050 (+193%), from €2,611 to €7,661
- Reserves +€29,798
up €29,798 (+10.6%), from €280,770 to €310,568
of which Distributable reserves: +€29,798
- Gross operating margin +€7,411
up €7,411 (+11.1%), from €66,777 to €74,188
- Taxes +€2,313
up €2,313 (+12.7%), from €18,146 to €20,459
- Depreciation +€1,413
up €1,413 (+271%), from €522 to €1,935
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 | €319,777 | €352,151 | +€32,375 | +10.1% |
| Fixed assets | 21/28 | €5,311 | €10,361 | +€5,050 | +95.1% |
| Tangible fixed assets | 22/27 | €2,611 | €7,661 | +€5,050 | +193% |
| Plant, machinery and equipment | 23 | €2,611 | €7,661 | +€5,050 | +193% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €314,465 | €341,790 | +€27,325 | +8.7% |
| Amounts receivable after more than one year | 29 | €159,500 | €221,500 | +€62,000 | +38.9% |
| Other amounts receivable | 291 | €159,500 | €221,500 | +€62,000 | +38.9% |
| Amounts receivable within one year | 40/41 | €38,387 | €70,571 | +€32,184 | +83.8% |
| Trade receivables | 40 | €38,387 | €70,484 | +€32,097 | +83.6% |
| Other amounts receivable | 41 | - | €87 | +€87 | |
| Cash at bank and in hand | 54/58 | €116,538 | €49,575 | -€66,963 | -57.5% |
| Deferred charges and accrued income | 490/1 | €40 | €143 | +€103 | +258% |
| Total equity and liabilities | 10/49 | €319,777 | €352,151 | +€32,375 | +10.1% |
| Equity | 10/15 | €293,170 | €322,968 | +€29,798 | +10.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €280,770 | €310,568 | +€29,798 | +10.6% |
| 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 | €278,910 | €308,708 | +€29,798 | +10.7% |
| Amounts payable | 17/49 | €26,607 | €29,184 | +€2,577 | +9.7% |
| Amounts payable within one year | 42/48 | €26,607 | €29,184 | +€2,577 | +9.7% |
| Trade debts | 44 | €4,955 | €5,673 | +€718 | +14.5% |
| Suppliers | 440/4 | €4,955 | €5,673 | +€718 | +14.5% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €20,699 | €20,837 | +€138 | +0.7% |
| Taxes | 450/3 | €16,299 | €16,437 | +€138 | +0.8% |
| Remuneration and social security | 454/9 | €4,400 | €4,400 | = | 0.0% |
| Other amounts payable | 47/48 | €953 | €1,674 | +€721 | +75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €522 | €1,935 | +€1,413 | +271% |
| Other operating charges | 640/8 | €426 | €329 | -€97 | -22.8% |
| Non-recurring operating charges | 66A | €5,500 | - | -€5,500 | |
| Gross operating margin | 9900 | €66,777 | €74,188 | +€7,411 | +11.1% |
| Operating profit (loss) | 9901 | €60,328 | €71,924 | +€11,595 | +19.2% |
| Financial income | 75/76B | €2,000 | €2,057 | +€57 | +2.9% |
| Recurring financial income | 75 | €2,000 | €2,057 | +€57 | +2.9% |
| Financial charges | 65/66B | €742 | €625 | -€117 | -15.8% |
| Recurring financial charges | 65 | €742 | €625 | -€117 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €61,586 | €73,356 | +€11,770 | +19.1% |
| Income taxes | 67/77 | €18,146 | €20,459 | +€2,313 | +12.7% |
| Profit (loss) for the period | 9904 | €43,440 | €52,897 | +€9,456 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,440 | €52,897 | +€9,456 | +21.8% |
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 15 October 2026 via checked.be.