EFIX: what changed
Two fiscal 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.
EFIX
Largest movements
- Cash +€106,534
up €106,534 (+187.1%), from €56,933 to €163,467
mainly Net result for the year (+€84,603) and Receivables within one year (+€14,760)
- Receivables within one year -€14,760
down €14,760 (-36.9%), from €40,029 to €25,270
of which Trade receivables: -€17,523
- Reserves +€89,801
up €89,801 (+332.1%), from €27,037 to €116,838
- Tax, wage and social debts +€7,422
up €7,422 (+29.0%), from €25,620 to €33,043
of which Taxes: +€4,810
- Profit (loss) carried forward -€5,198
no longer reported in 2025 (was €5,198)
- Trade debts -€3,060
down €3,060 (-79.0%), from €3,876 to €815
- Other debts +€2,283
up €2,283 (+13.4%), from €17,089 to €19,372
- Gross operating margin +€99,177
up €99,177 (+875.3%), from €11,331 to €110,508
- Taxes +€20,433
up €20,433 (+1133.3%), from €1,803 to €22,236
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 | €99,786 | €191,291 | +€91,505 | +91.7% |
| Fixed assets | 21/28 | €2,240 | €1,907 | -€333 | -14.9% |
| Tangible fixed assets | 22/27 | €2,240 | €1,907 | -€333 | -14.9% |
| Furniture and vehicles | 24 | €2,240 | €1,907 | -€333 | -14.9% |
| Current assets | 29/58 | €97,546 | €189,384 | +€91,838 | +94.1% |
| Amounts receivable within one year | 40/41 | €40,029 | €25,270 | -€14,760 | -36.9% |
| Trade receivables | 40 | €40,029 | €22,506 | -€17,523 | -43.8% |
| Other amounts receivable | 41 | - | €2,764 | +€2,764 | |
| Cash at bank and in hand | 54/58 | €56,933 | €163,467 | +€106,534 | +187.1% |
| Deferred charges and accrued income | 490/1 | €583 | €647 | +€64 | +10.9% |
| Total equity and liabilities | 10/49 | €99,786 | €191,291 | +€91,505 | +91.7% |
| Equity | 10/15 | €52,235 | €136,838 | +€84,603 | +162.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €27,037 | €116,838 | +€89,801 | +332.1% |
| Distributable reserves | 133 | €27,037 | €116,838 | +€89,801 | +332.1% |
| Profit (loss) carried forward | 14 | €5,198 | - | -€5,198 | |
| Amounts payable | 17/49 | €47,551 | €54,453 | +€6,902 | +14.5% |
| Amounts payable within one year | 42/48 | €46,585 | €53,230 | +€6,645 | +14.3% |
| Trade debts | 44 | €3,876 | €815 | -€3,060 | -79.0% |
| Suppliers | 440/4 | €3,876 | €815 | -€3,060 | -79.0% |
| Taxes, remuneration and social security | 45 | €25,620 | €33,043 | +€7,422 | +29.0% |
| Taxes | 450/3 | €25,620 | €30,430 | +€4,810 | +18.8% |
| Remuneration and social security | 454/9 | - | €2,613 | +€2,613 | |
| Other amounts payable | 47/48 | €17,089 | €19,372 | +€2,283 | +13.4% |
| Accrued charges and deferred income | 492/3 | €966 | €1,222 | +€257 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €438 | €333 | -€104 | -23.8% |
| Other operating charges | 640/8 | €281 | €76 | -€206 | -73.1% |
| Gross operating margin | 9900 | €11,331 | €110,508 | +€99,177 | +875.3% |
| Operating profit (loss) | 9901 | €10,612 | €110,099 | +€99,487 | +937.5% |
| Financial charges | 65/66B | €3,610 | €3,260 | -€351 | -9.7% |
| Recurring financial charges | 65 | €3,610 | €3,260 | -€351 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €7,001 | €106,839 | +€99,838 | +1426.0% |
| Income taxes | 67/77 | €1,803 | €22,236 | +€20,433 | +1133.3% |
| Profit (loss) for the period | 9904 | €5,198 | €84,603 | +€79,405 | +1527.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,198 | €84,603 | +€79,405 | +1527.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.