EFTICO: 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.
EFTICO
Largest movements
- Receivables within one year +€13,714
up €13,714 (+25.8%), from €53,244 to €66,958
of which Trade receivables: +€19,110
- Tangible fixed assets -€10,046
down €10,046 (-29.1%), from €34,538 to €24,493
of which Furniture and vehicles: -€9,623
- Cash +€1,661
up €1,661 (+4.6%), from €36,050 to €37,711
mainly Trade debts (+€16,087) and Depreciation (+€12,440)
- Trade debts +€16,087
up €16,087 (+249.6%), from €6,444 to €22,531
- Debts after one year -€8,271
down €8,271 (-47.0%), from €17,580 to €9,310
- Other debts -€6,392
down €6,392 (-31.4%), from €20,345 to €13,954
- Reserves +€3,728
up €3,728 (+7.4%), from €50,491 to €54,219
- Gross operating margin +€6,048
up €6,048 (+36.6%), from €16,537 to €22,585
- Taxes +€1,945
up €1,945 (+322.3%), from €604 to €2,549
- Other operating charges -€755
down €755 (-39.3%), from €1,921 to €1,166
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 | €125,702 | €131,327 | +€5,625 | +4.5% |
| Fixed assets | 21/28 | €34,538 | €24,493 | -€10,046 | -29.1% |
| Tangible fixed assets | 22/27 | €34,538 | €24,493 | -€10,046 | -29.1% |
| Plant, machinery and equipment | 23 | €1,344 | €922 | -€422 | -31.4% |
| Furniture and vehicles | 24 | €33,194 | €23,571 | -€9,623 | -29.0% |
| Current assets | 29/58 | €91,164 | €106,834 | +€15,671 | +17.2% |
| Amounts receivable within one year | 40/41 | €53,244 | €66,958 | +€13,714 | +25.8% |
| Trade receivables | 40 | €47,821 | €66,931 | +€19,110 | +40.0% |
| Other amounts receivable | 41 | €5,423 | €27 | -€5,396 | -99.5% |
| Cash at bank and in hand | 54/58 | €36,050 | €37,711 | +€1,661 | +4.6% |
| Deferred charges and accrued income | 490/1 | €1,869 | €2,165 | +€296 | +15.8% |
| Total equity and liabilities | 10/49 | €125,702 | €131,327 | +€5,625 | +4.5% |
| Equity | 10/15 | €62,891 | €66,619 | +€3,728 | +5.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,491 | €54,219 | +€3,728 | +7.4% |
| Distributable reserves | 133 | €50,491 | €54,219 | +€3,728 | +7.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €62,811 | €64,708 | +€1,897 | +3.0% |
| Amounts payable after more than one year | 17 | €17,580 | €9,310 | -€8,271 | -47.0% |
| Financial debts | 170/4 | €17,580 | €9,310 | -€8,271 | -47.0% |
| Amounts payable within one year | 42/48 | €45,231 | €55,399 | +€10,168 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €7,972 | €8,271 | +€299 | +3.7% |
| Trade debts | 44 | €6,444 | €22,531 | +€16,087 | +249.6% |
| Suppliers | 440/4 | €6,444 | €22,531 | +€16,087 | +249.6% |
| Taxes, remuneration and social security | 45 | €10,470 | €10,643 | +€174 | +1.7% |
| Taxes | 450/3 | €10,470 | €10,368 | -€102 | -1.0% |
| Remuneration and social security | 454/9 | €0 | €275 | +€275 | |
| Other amounts payable | 47/48 | €20,345 | €13,954 | -€6,392 | -31.4% |
| Non-recurring operating income | 76A | €569 | €410 | -€159 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,450 | €12,440 | -€10 | -0.1% |
| Other operating charges | 640/8 | €1,921 | €1,166 | -€755 | -39.3% |
| Non-recurring operating charges | 66A | €2,699 | €0 | -€2,699 | -100.0% |
| Gross operating margin | 9900 | €16,537 | €22,585 | +€6,048 | +36.6% |
| Operating profit (loss) | 9901 | -€533 | €8,979 | +€9,512 | |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €2,922 | €2,704 | -€218 | -7.5% |
| Recurring financial charges | 65 | €2,922 | €2,704 | -€218 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,455 | €6,277 | +€9,732 | |
| Income taxes | 67/77 | €604 | €2,549 | +€1,945 | +322.3% |
| Profit (loss) for the period | 9904 | -€4,059 | €3,728 | +€7,787 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,059 | €3,728 | +€7,787 |
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 1 October 2026 via checked.be.