eFFkes: 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.
eFFkes
Largest movements
- Receivables after one year +€25,000
new in 2025: €25,000
- Tangible fixed assets -€20,312
down €20,312 (-6.2%), from €325,722 to €305,410
- Cash +€11,551
up €11,551 (+146%), from €7,893 to €19,444
mainly Short-term financial debts (+€49,549) and Depreciation (+€24,223)
- Intangible fixed assets +€5,724
new in 2025: €5,724
- Deferred charges and accrued income -€5,627
no longer reported in 2025 (was €5,627)
- Short-term financial debts +€49,549
up €49,549 (+28.0%), from €177,205 to €226,753
- Debts after one year -€24,260
down €24,260 (-10.1%), from €240,382 to €216,122
- Accrued charges and deferred income -€9,179
down €9,179 (-79.2%), from €11,584 to €2,406
- Tax, wage and social debts -€5,582
down €5,582 (-8.6%), from €65,079 to €59,497
of which Remuneration and social security: -€4,832
- Turnover +€310,358
new in 2025: €310,358
- Purchases and services +€90,123
new in 2025: €90,123
- Gross operating margin +€50,192
up €50,192 (+28.9%), from €173,525 to €223,717
- Staff costs -€30,147
down €30,147 (-13.9%), from €217,103 to €186,956
- Financial income -€28,225
down €28,225 (-98.9%), from €28,539 to €313
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 | €514,867 | €526,453 | +€11,585 | +2.3% |
| Fixed assets | 21/28 | €329,832 | €315,244 | -€14,588 | -4.4% |
| Intangible fixed assets | 21 | - | €5,724 | +€5,724 | |
| Tangible fixed assets | 22/27 | €325,722 | €305,410 | -€20,312 | -6.2% |
| Land and buildings | 22 | €281,124 | €273,870 | -€7,255 | -2.6% |
| Plant, machinery and equipment | 23 | €8,291 | €4,960 | -€3,331 | -40.2% |
| Furniture and vehicles | 24 | €36,306 | €26,580 | -€9,726 | -26.8% |
| Financial fixed assets | 28 | €4,110 | €4,110 | = | 0.0% |
| Current assets | 29/58 | €185,035 | €211,209 | +€26,173 | +14.1% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €171,515 | €166,765 | -€4,750 | -2.8% |
| Trade receivables | 40 | €157,265 | €164,537 | +€7,272 | +4.6% |
| Other amounts receivable | 41 | €14,250 | €2,227 | -€12,023 | -84.4% |
| Cash at bank and in hand | 54/58 | €7,893 | €19,444 | +€11,551 | +146% |
| Deferred charges and accrued income | 490/1 | €5,627 | - | -€5,627 | |
| Total equity and liabilities | 10/49 | €514,867 | €526,453 | +€11,585 | +2.3% |
| Equity | 10/15 | €16,658 | €21,322 | +€4,665 | +28.0% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,942 | -€27,278 | +€4,665 | +14.6% |
| Amounts payable | 17/49 | €498,210 | €505,130 | +€6,921 | +1.4% |
| Amounts payable after more than one year | 17 | €240,382 | €216,122 | -€24,260 | -10.1% |
| Financial debts | 170/4 | €240,382 | €216,122 | -€24,260 | -10.1% |
| Amounts payable within one year | 42/48 | €246,243 | €286,602 | +€40,360 | +16.4% |
| Financial debts | 43 | €177,205 | €226,753 | +€49,549 | +28.0% |
| Other loans | 439 | €177,205 | €226,753 | +€49,549 | +28.0% |
| Trade debts | 44 | - | €352 | +€352 | |
| Suppliers | 440/4 | - | €352 | +€352 | |
| Taxes, remuneration and social security | 45 | €65,079 | €59,497 | -€5,582 | -8.6% |
| Taxes | 450/3 | €26,321 | €25,571 | -€750 | -2.8% |
| Remuneration and social security | 454/9 | €38,758 | €33,926 | -€4,832 | -12.5% |
| Other amounts payable | 47/48 | €3,959 | - | -€3,959 | |
| Accrued charges and deferred income | 492/3 | €11,584 | €2,406 | -€9,179 | -79.2% |
| Turnover | 70 | - | €310,358 | +€310,358 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €90,123 | +€90,123 | |
| Remuneration, social security and pensions | 62 | €217,103 | €186,956 | -€30,147 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,813 | €24,223 | +€7,410 | +44.1% |
| Other operating charges | 640/8 | €8,101 | €3,762 | -€4,339 | -53.6% |
| Gross operating margin | 9900 | €173,525 | €223,717 | +€50,192 | +28.9% |
| Operating profit (loss) | 9901 | -€68,491 | €8,777 | +€77,268 | |
| Financial income | 75/76B | €28,539 | €313 | -€28,225 | -98.9% |
| Recurring financial income | 75 | €28,539 | €313 | -€28,225 | -98.9% |
| Financial charges | 65/66B | €4,162 | €4,229 | +€67 | +1.6% |
| Recurring financial charges | 65 | €4,162 | €4,229 | +€67 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€44,114 | €4,861 | +€48,975 | |
| Income taxes | 67/77 | €50 | €196 | +€146 | +292% |
| Profit (loss) for the period | 9904 | -€44,164 | €4,665 | +€48,829 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,164 | €4,665 | +€48,829 |
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 13 October 2026 via checked.be.