EFFIX INVEST: 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.
What changed
EFFIX INVEST
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€216,124
2024 · €2.8m-€2.6m
Equity
€21.5m
2024 · €21.3m+€216,124
Cash
€123,297
2024 · €301,939-€178,642
Balance sheet total
€22.3m
2024 · €22.2m+€41,885
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€2.5m
down €2.5m (-99.4%), from €2.5m to €15,856
- Gross operating margin -€146,328
down €146,328 (-29.4%), from €497,999 to €351,671
- Taxes -€63,810
down €63,810 (-53.2%), from €120,000 to €56,190
- Other operating charges +€21,772
up €21,772 (+1,404%), from €1,551 to €23,323
- Depreciation +€20,521
up €20,521 (+95.7%), from €21,440 to €41,961
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.
Result 2024
€2.8m
Gross operating margin
-€146,328
Depreciation
-€20,521
Other operating charges
-€21,772
Financial income
-€2.5m
Financial charges
-€3,307
Taxes
+€63,810
Result 2025
€216,124
raises the resultlowers the result
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.
From operations
+€69,343
Investment
-€170,000
Financing
-€77,985
Cash 2024
€301,939
From operations (derived)
+€69,343
Net result for the year
+€216,124
Depreciation
+€41,961
Receivables within one year
+€7,512
Deferred charges and accrued income
-€100,000
Smaller working-capital items
+€400
Tax, wage and social debts
+€34,236
Other debts
-€130,890
Investment (derived)
-€170,000
Current investments
-€170,000
Financing
-€77,985
Debts after one year
-€76,881
Current portion of long-term debt
-€1,104
Cash 2025
€123,297
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,241,330 | €22,283,214 | +€41,885 | +0.2% |
| Fixed assets | 21/28 | €21,252,424 | €21,210,463 | -€41,961 | -0.2% |
| Tangible fixed assets | 22/27 | €1,446,340 | €1,404,379 | -€41,961 | -2.9% |
| Land and buildings | 22 | €1,442,519 | €1,400,961 | -€41,558 | -2.9% |
| Plant, machinery and equipment | 23 | €3,821 | €3,418 | -€403 | -10.5% |
| Financial fixed assets | 28 | €19,806,084 | €19,806,084 | = | 0.0% |
| Current assets | 29/58 | €988,905 | €1,072,751 | +€83,846 | +8.5% |
| Amounts receivable within one year | 40/41 | €146,967 | €139,455 | -€7,512 | -5.1% |
| Other amounts receivable | 41 | €146,967 | €139,455 | -€7,512 | -5.1% |
| Current investments | 50/53 | €540,000 | €710,000 | +€170,000 | +31.5% |
| Cash at bank and in hand | 54/58 | €301,939 | €123,297 | -€178,642 | -59.2% |
| Deferred charges and accrued income | 490/1 | - | €100,000 | +€100,000 | |
| Total equity and liabilities | 10/49 | €22,241,330 | €22,283,214 | +€41,885 | +0.2% |
| Equity | 10/15 | €21,282,681 | €21,498,805 | +€216,124 | +1.0% |
| Contributions | 10/11 | €10,396,084 | €10,396,084 | = | 0.0% |
| Reserves | 13 | €1,637,879 | €1,735,079 | +€97,200 | +5.9% |
| Non-distributable reserves | 130/1 | €185,779 | €185,779 | = | 0.0% |
| Other | 1319 | €185,779 | €185,779 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,123,700 | €1,220,900 | +€97,200 | +8.6% |
| Distributable reserves | 133 | €328,400 | €328,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,248,719 | €9,367,642 | +€118,924 | +1.3% |
| Amounts payable | 17/49 | €958,648 | €784,409 | -€174,239 | -18.2% |
| Amounts payable after more than one year | 17 | €420,402 | €343,521 | -€76,881 | -18.3% |
| Financial debts | 170/4 | €420,402 | €343,521 | -€76,881 | -18.3% |
| Amounts payable within one year | 42/48 | €538,246 | €440,708 | -€97,538 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €75,130 | €74,025 | -€1,104 | -1.5% |
| Trade debts | 44 | €1,156 | €1,377 | +€221 | +19.1% |
| Suppliers | 440/4 | €1,156 | €1,377 | +€221 | +19.1% |
| Taxes, remuneration and social security | 45 | €19,010 | €53,246 | +€34,236 | +180% |
| Taxes | 450/3 | €19,010 | €53,246 | +€34,236 | +180% |
| Other amounts payable | 47/48 | €442,950 | €312,060 | -€130,890 | -29.5% |
| Accrued charges and deferred income | 492/3 | - | €180 | +€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,440 | €41,961 | +€20,521 | +95.7% |
| Other operating charges | 640/8 | €1,551 | €23,323 | +€21,772 | +1,404% |
| Gross operating margin | 9900 | €497,999 | €351,671 | -€146,328 | -29.4% |
| Operating profit (loss) | 9901 | €475,007 | €286,387 | -€188,620 | -39.7% |
| Financial income | 75/76B | €2,506,076 | €15,856 | -€2.5m | -99.4% |
| Recurring financial income | 75 | €2,506,076 | €15,856 | -€2.5m | -99.4% |
| Financial charges | 65/66B | €26,622 | €29,929 | +€3,307 | +12.4% |
| Recurring financial charges | 65 | €26,622 | €29,929 | +€3,307 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €2,954,462 | €272,314 | -€2.7m | -90.8% |
| Income taxes | 67/77 | €120,000 | €56,190 | -€63,810 | -53.2% |
| Profit (loss) for the period | 9904 | €2,834,462 | €216,124 | -€2.6m | -92.4% |
| Transfer from tax-exempt reserves | 789 | €268,700 | €408,000 | +€139,300 | +51.8% |
| Transfer to tax-exempt reserves | 689 | €505,200 | €505,200 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,597,962 | €118,924 | -€2.5m | -95.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.