EFFICA MANAGEMENT: 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.
EFFICA MANAGEMENT
Largest movements
- Tangible fixed assets -€1,912
down €1,912 (-45.3%), from €4,225 to €2,313
of which Furniture and vehicles: -€1,316
- Receivables within one year +€1,551
up €1,551 (+4.7%), from €32,702 to €34,253
of which Other amounts receivable: +€1,018
- Cash +€966
up €966 (+51.6%), from €1,872 to €2,838
mainly Short-term financial debts (+€4,050) and Depreciation (+€1,912)
- Short-term financial debts +€4,050
up €4,050 (+467.7%), from €866 to €4,916
- Tax, wage and social debts -€1,691
down €1,691 (-54.6%), from €3,098 to €1,407
- Profit (loss) carried forward -€1,292
down €1,292 (-4.3%), from €29,845 to €28,553
- Taxes -€460
down €460 (-33.5%), from €1,372 to €912
- Gross operating margin +€413
up €413 (+6.8%), from €6,045 to €6,458
- Financial charges +€174
up €174 (+64.0%), from €272 to €446
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 | €41,064 | €41,897 | +€833 | +2.0% |
| Fixed assets | 21/28 | €6,293 | €4,381 | -€1,912 | -30.4% |
| Tangible fixed assets | 22/27 | €4,225 | €2,313 | -€1,912 | -45.3% |
| Land and buildings | 22 | €1,589 | €993 | -€596 | -37.5% |
| Furniture and vehicles | 24 | €2,636 | €1,320 | -€1,316 | -49.9% |
| Financial fixed assets | 28 | €2,068 | €2,068 | = | 0.0% |
| Current assets | 29/58 | €34,771 | €37,516 | +€2,745 | +7.9% |
| Amounts receivable within one year | 40/41 | €32,702 | €34,253 | +€1,551 | +4.7% |
| Trade receivables | 40 | €782 | €1,315 | +€533 | +68.2% |
| Other amounts receivable | 41 | €31,920 | €32,938 | +€1,018 | +3.2% |
| Cash at bank and in hand | 54/58 | €1,872 | €2,838 | +€966 | +51.6% |
| Deferred charges and accrued income | 490/1 | €197 | €425 | +€228 | +115.7% |
| Total equity and liabilities | 10/49 | €41,064 | €41,897 | +€833 | +2.0% |
| Equity | 10/15 | €36,665 | €35,373 | -€1,292 | -3.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Legal reserve | 130 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,845 | €28,553 | -€1,292 | -4.3% |
| Amounts payable | 17/49 | €4,399 | €6,524 | +€2,125 | +48.3% |
| Amounts payable within one year | 42/48 | €4,399 | €6,524 | +€2,125 | +48.3% |
| Financial debts | 43 | €866 | €4,916 | +€4,050 | +467.7% |
| Other loans | 439 | €866 | €4,916 | +€4,050 | +467.7% |
| Trade debts | 44 | €435 | €201 | -€234 | -53.8% |
| Suppliers | 440/4 | €435 | €201 | -€234 | -53.8% |
| Taxes, remuneration and social security | 45 | €3,098 | €1,407 | -€1,691 | -54.6% |
| Taxes | 450/3 | €3,098 | €1,407 | -€1,691 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,911 | €1,912 | +€1 | +0.1% |
| Other operating charges | 640/8 | €4,474 | €4,480 | +€6 | +0.1% |
| Gross operating margin | 9900 | €6,045 | €6,458 | +€413 | +6.8% |
| Operating profit (loss) | 9901 | -€340 | €66 | +€406 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €272 | €446 | +€174 | +64.0% |
| Recurring financial charges | 65 | €272 | €446 | +€174 | +64.0% |
| Profit (loss) for the period before taxes | 9903 | -€608 | -€380 | +€228 | +37.5% |
| Income taxes | 67/77 | €1,372 | €912 | -€460 | -33.5% |
| Profit (loss) for the period | 9904 | -€1,980 | -€1,292 | +€688 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,980 | -€1,292 | +€688 | +34.7% |
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 28 September 2026 via checked.be.