L’EFFIGIE: 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.
L’EFFIGIE
Largest movements
- Receivables within one year +€3,799
up €3,799 (+146%), from €2,606 to €6,404
of which Trade receivables: +€3,829
- Intangible fixed assets +€2,250
new in 2025: €2,250
- Tangible fixed assets -€1,120
down €1,120 (-24.0%), from €4,671 to €3,552
of which Furniture and vehicles: -€2,941
- Stocks and contracts +€401
up €401 (+10.7%), from €3,752 to €4,154
- Deferred charges and accrued income +€190
new in 2025: €190
- Trade debts +€7,749
up €7,749 (+554%), from €1,400 to €9,149
- Profit (loss) carried forward -€4,659
down €4,659 (-49.7%), from -€9,381 to -€14,040
- Tax, wage and social debts +€1,266
up €1,266 (+124%), from €1,023 to €2,289
- Other debts +€1,034
up €1,034 (+6.2%), from €16,628 to €17,662
- Gross operating margin +€3,780
up €3,780, from -€2,298 to €1,482
- Depreciation +€2,726
up €2,726 (+96.2%), from €2,834 to €5,560
- Financial charges -€107
down €107 (-41.4%), from €259 to €152
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 | €12,169 | €17,560 | +€5,391 | +44.3% |
| Fixed assets | 21/28 | €4,671 | €5,802 | +€1,130 | +24.2% |
| Intangible fixed assets | 21 | - | €2,250 | +€2,250 | |
| Tangible fixed assets | 22/27 | €4,671 | €3,552 | -€1,120 | -24.0% |
| Plant, machinery and equipment | 23 | - | €1,822 | +€1,822 | |
| Furniture and vehicles | 24 | €4,671 | €1,730 | -€2,941 | -63.0% |
| Current assets | 29/58 | €7,498 | €11,758 | +€4,261 | +56.8% |
| Stocks and contracts in progress | 3 | €3,752 | €4,154 | +€401 | +10.7% |
| Stocks | 30/36 | €3,752 | €4,154 | +€401 | +10.7% |
| Amounts receivable within one year | 40/41 | €2,606 | €6,404 | +€3,799 | +146% |
| Trade receivables | 40 | €2,546 | €6,375 | +€3,829 | +150% |
| Other amounts receivable | 41 | €60 | €30 | -€30 | -50.3% |
| Cash at bank and in hand | 54/58 | €1,140 | €1,010 | -€129 | -11.4% |
| Deferred charges and accrued income | 490/1 | - | €190 | +€190 | |
| Total equity and liabilities | 10/49 | €12,169 | €17,560 | +€5,391 | +44.3% |
| Equity | 10/15 | -€6,881 | -€11,540 | -€4,659 | -67.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,381 | -€14,040 | -€4,659 | -49.7% |
| Amounts payable | 17/49 | €19,050 | €29,100 | +€10,050 | +52.8% |
| Amounts payable within one year | 42/48 | €19,050 | €29,100 | +€10,050 | +52.8% |
| Trade debts | 44 | €1,400 | €9,149 | +€7,749 | +554% |
| Suppliers | 440/4 | €1,400 | €9,149 | +€7,749 | +554% |
| Taxes, remuneration and social security | 45 | €1,023 | €2,289 | +€1,266 | +124% |
| Taxes | 450/3 | €1,023 | €2,289 | +€1,266 | +124% |
| Other amounts payable | 47/48 | €16,628 | €17,662 | +€1,034 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,834 | €5,560 | +€2,726 | +96.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | -€2,298 | €1,482 | +€3,780 | |
| Operating profit (loss) | 9901 | -€5,520 | -€4,528 | +€992 | +18.0% |
| Financial income | 75/76B | €0 | €21 | +€21 | +29,757% |
| Recurring financial income | 75 | €0 | €21 | +€21 | +29,757% |
| Financial charges | 65/66B | €259 | €152 | -€107 | -41.4% |
| Recurring financial charges | 65 | €259 | €152 | -€107 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,779 | -€4,659 | +€1,120 | +19.4% |
| Profit (loss) for the period | 9904 | -€5,779 | -€4,659 | +€1,120 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,779 | -€4,659 | +€1,120 | +19.4% |
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 19 October 2026 via checked.be.