EFFIX GROUP: 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.
EFFIX GROUP
Largest movements
- Intangible fixed assets -€164,337
down €164,337 (-12.8%), from €1.3m to €1.1m
- Stocks and contracts -€158,369
down €158,369 (-15.4%), from €1.0m to €868,430
- Cash -€139,763
down €139,763 (-17.1%), from €819,326 to €679,563
mainly Net result for the year (-€286,408) and Debts after one year (-€263,918)
- Tangible fixed assets -€91,852
down €91,852 (-12.7%), from €721,250 to €629,398
of which Plant, machinery and equipment: -€51,263
- Financial fixed assets +€90,000
up €90,000 (+118.1%), from €76,200 to €166,200
- Trade debts +€410,461
up €410,461 (+45.4%), from €904,089 to €1.3m
- Profit (loss) carried forward -€286,408
new in 2025: -€286,408
- Debts after one year -€263,918
down €263,918 (-15.7%), from €1.7m to €1.4m
of which Financial debts: -€226,992
- Tax, wage and social debts -€204,628
down €204,628 (-29.5%), from €694,226 to €489,598
of which Taxes: -€122,379
- Other debts -€141,630
down €141,630 (-56.5%), from €250,691 to €109,061
- Staff costs +€175,710
up €175,710 (+7.0%), from €2.5m to €2.7m
- Taxes -€174,557
down €174,557 (-93.8%), from €186,043 to €11,486
- Gross operating margin -€115,784
down €115,784 (-3.3%), from €3.5m to €3.4m
- Financial income +€72,526
up €72,526 (+1125.1%), from €6,446 to €78,972
- Write-downs +€68,317
new in 2025: €68,317
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 | €5,679,798 | €5,167,883 | -€511,915 | -9.0% |
| Fixed assets | 21/28 | €2,079,505 | €1,913,315 | -€166,190 | -8.0% |
| Intangible fixed assets | 21 | €1,282,055 | €1,117,718 | -€164,337 | -12.8% |
| Tangible fixed assets | 22/27 | €721,250 | €629,398 | -€91,852 | -12.7% |
| Land and buildings | 22 | €455,272 | €427,487 | -€27,785 | -6.1% |
| Plant, machinery and equipment | 23 | €207,420 | €156,157 | -€51,263 | -24.7% |
| Furniture and vehicles | 24 | €58,558 | €36,665 | -€21,893 | -37.4% |
| Leasing and similar rights | 25 | - | €9,089 | +€9,089 | |
| Financial fixed assets | 28 | €76,200 | €166,200 | +€90,000 | +118.1% |
| Current assets | 29/58 | €3,600,293 | €3,254,568 | -€345,725 | -9.6% |
| Stocks and contracts in progress | 3 | €1,026,798 | €868,430 | -€158,369 | -15.4% |
| Stocks | 30/36 | €1,026,798 | €868,430 | -€158,369 | -15.4% |
| Amounts receivable within one year | 40/41 | €1,697,029 | €1,648,300 | -€48,729 | -2.9% |
| Trade receivables | 40 | €1,581,228 | €1,358,532 | -€222,696 | -14.1% |
| Other amounts receivable | 41 | €115,801 | €289,768 | +€173,967 | +150.2% |
| Cash at bank and in hand | 54/58 | €819,326 | €679,563 | -€139,763 | -17.1% |
| Deferred charges and accrued income | 490/1 | €57,139 | €58,275 | +€1,136 | +2.0% |
| Total equity and liabilities | 10/49 | €5,679,798 | €5,167,883 | -€511,915 | -9.0% |
| Equity | 10/15 | €1,209,481 | €923,073 | -€286,408 | -23.7% |
| Contributions | 10/11 | €779,904 | €779,904 | = | 0.0% |
| Reserves | 13 | €429,577 | €429,577 | = | 0.0% |
| Distributable reserves | 133 | €429,577 | €429,577 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€286,408 | -€286,408 | |
| Amounts payable | 17/49 | €4,470,317 | €4,244,810 | -€225,506 | -5.0% |
| Amounts payable after more than one year | 17 | €1,681,340 | €1,417,422 | -€263,918 | -15.7% |
| Financial debts | 170/4 | €1,041,506 | €814,514 | -€226,992 | -21.8% |
| Other amounts payable | 178/9 | €639,834 | €602,908 | -€36,925 | -5.8% |
| Amounts payable within one year | 42/48 | €2,783,481 | €2,821,892 | +€38,411 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €336,045 | €226,992 | -€109,052 | -32.5% |
| Financial debts | 43 | €363,857 | €443,133 | +€79,275 | +21.8% |
| Credit institutions | 430/8 | €328,761 | €406,208 | +€77,447 | +23.6% |
| Other loans | 439 | €35,097 | €36,925 | +€1,829 | +5.2% |
| Trade debts | 44 | €904,089 | €1,314,549 | +€410,461 | +45.4% |
| Suppliers | 440/4 | €904,089 | €1,314,549 | +€410,461 | +45.4% |
| Advances received on contracts in progress | 46 | €234,574 | €238,558 | +€3,985 | +1.7% |
| Taxes, remuneration and social security | 45 | €694,226 | €489,598 | -€204,628 | -29.5% |
| Taxes | 450/3 | €268,178 | €145,799 | -€122,379 | -45.6% |
| Remuneration and social security | 454/9 | €426,048 | €343,799 | -€82,249 | -19.3% |
| Other amounts payable | 47/48 | €250,691 | €109,061 | -€141,630 | -56.5% |
| Accrued charges and deferred income | 492/3 | €5,496 | €5,496 | = | 0.0% |
| Non-recurring operating income | 76A | €1,070 | €1,300 | +€230 | +21.5% |
| Remuneration, social security and pensions | 62 | €2,521,323 | €2,697,032 | +€175,710 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292,672 | €355,432 | +€62,760 | +21.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €68,317 | +€68,317 | |
| Other operating charges | 640/8 | €39,622 | €56,798 | +€17,176 | +43.4% |
| Non-recurring operating charges | 66A | - | €407,383 | +€407,383 | |
| Gross operating margin | 9900 | €3,486,812 | €3,371,028 | -€115,784 | -3.3% |
| Operating profit (loss) | 9901 | €633,196 | -€213,934 | -€847,130 | |
| Financial income | 75/76B | €6,446 | €78,972 | +€72,526 | +1125.1% |
| Recurring financial income | 75 | €6,446 | €78,972 | +€72,526 | +1125.1% |
| Financial charges | 65/66B | €149,679 | €139,960 | -€9,719 | -6.5% |
| Recurring financial charges | 65 | €149,679 | €139,960 | -€9,719 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €489,963 | -€274,922 | -€764,885 | |
| Income taxes | 67/77 | €186,043 | €11,486 | -€174,557 | -93.8% |
| Profit (loss) for the period | 9904 | €303,920 | -€286,408 | -€590,329 | |
| Profit (loss) for the period to be appropriated | 9905 | €303,920 | -€286,408 | -€590,329 |
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 10 October 2026 via checked.be.