EFICAZ.PROJECTS: 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.
EFICAZ.PROJECTS
Largest movements
- Cash -€38,400
down €38,400 (-42.3%), from €90,757 to €52,357
mainly Trade debts (-€63,356)
- Receivables within one year -€4,549
down €4,549 (-38.4%), from €11,834 to €7,285
- Trade debts -€63,356
down €63,356 (-99.5%), from €63,674 to €318
- Profit (loss) carried forward +€20,407
up €20,407 (+33.8%), from -€60,353 to -€39,946
- Gross operating margin +€77,029
up €77,029, from -€56,161 to €20,867
- Depreciation -€3,615
down €3,615 (-100%), from €3,615 to €0
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 | €103,321 | €60,372 | -€42,949 | -41.6% |
| Current assets | 29/58 | €103,321 | €60,372 | -€42,949 | -41.6% |
| Amounts receivable within one year | 40/41 | €11,834 | €7,285 | -€4,549 | -38.4% |
| Other amounts receivable | 41 | €11,834 | €7,285 | -€4,549 | -38.4% |
| Cash at bank and in hand | 54/58 | €90,757 | €52,357 | -€38,400 | -42.3% |
| Deferred charges and accrued income | 490/1 | €730 | €730 | = | 0.0% |
| Total equity and liabilities | 10/49 | €103,321 | €60,372 | -€42,949 | -41.6% |
| Equity | 10/15 | €39,647 | €60,054 | +€20,407 | +51.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,353 | -€39,946 | +€20,407 | +33.8% |
| Amounts payable | 17/49 | €63,674 | €318 | -€63,356 | -99.5% |
| Amounts payable within one year | 42/48 | €63,674 | €318 | -€63,356 | -99.5% |
| Trade debts | 44 | €63,674 | €318 | -€63,356 | -99.5% |
| Suppliers | 440/4 | €63,674 | €318 | -€63,356 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,615 | €0 | -€3,615 | -100% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€56,161 | €20,867 | +€77,029 | |
| Operating profit (loss) | 9901 | -€60,164 | €20,468 | +€80,631 | |
| Financial charges | 65/66B | €189 | €60 | -€129 | -68.1% |
| Recurring financial charges | 65 | €189 | €60 | -€129 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | -€60,353 | €20,407 | +€80,760 | |
| Profit (loss) for the period | 9904 | -€60,353 | €20,407 | +€80,760 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,353 | €20,407 | +€80,760 |
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 21 October 2026 via checked.be.