E F C I CONSTRUCT: 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.
E F C I CONSTRUCT
Largest movements
- Stocks and contracts +€130,512
up €130,512 (+24.9%), from €524,881 to €655,393
of which Contracts in progress: +€107,761
- Tangible fixed assets -€87,985
down €87,985 (-9.3%), from €941,661 to €853,676
of which Furniture and vehicles: -€50,398
- Other debts +€113,446
up €113,446 (+177.5%), from €63,898 to €177,344
- Debts after one year -€68,524
down €68,524 (-13.2%), from €520,490 to €451,966
- Trade debts -€57,667
down €57,667 (-21.1%), from €272,777 to €215,109
- Profit (loss) carried forward +€27,341
up €27,341 (+8.5%), from €320,276 to €347,616
- Gross operating margin +€47,786
up €47,786 (+21.4%), from €223,149 to €270,935
- Depreciation +€39,729
up €39,729 (+60.9%), from €65,249 to €104,977
- Taxes +€37,171
up €37,171 (+386.8%), from €9,610 to €46,781
- Financial charges -€29,763
down €29,763 (-52.5%), from €56,645 to €26,882
- Staff costs +€14,394
up €14,394 (+30.1%), from €47,807 to €62,202
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 | €1,595,925 | €1,619,397 | +€23,472 | +1.5% |
| Fixed assets | 21/28 | €945,730 | €857,548 | -€88,183 | -9.3% |
| Tangible fixed assets | 22/27 | €941,661 | €853,676 | -€87,985 | -9.3% |
| Land and buildings | 22 | €768,900 | €725,414 | -€43,486 | -5.7% |
| Plant, machinery and equipment | 23 | €7,760 | €13,660 | +€5,899 | +76.0% |
| Furniture and vehicles | 24 | €165,000 | €114,602 | -€50,398 | -30.5% |
| Financial fixed assets | 28 | €4,070 | €3,872 | -€198 | -4.9% |
| Current assets | 29/58 | €650,195 | €761,849 | +€111,654 | +17.2% |
| Stocks and contracts in progress | 3 | €524,881 | €655,393 | +€130,512 | +24.9% |
| Stocks | 30/36 | €486,269 | €509,020 | +€22,751 | +4.7% |
| Contracts in progress | 37 | €38,612 | €146,373 | +€107,761 | +279.1% |
| Amounts receivable within one year | 40/41 | €79,038 | €76,924 | -€2,114 | -2.7% |
| Trade receivables | 40 | €24,799 | €20,903 | -€3,896 | -15.7% |
| Other amounts receivable | 41 | €54,239 | €56,021 | +€1,782 | +3.3% |
| Cash at bank and in hand | 54/58 | €19,016 | €9,039 | -€9,977 | -52.5% |
| Deferred charges and accrued income | 490/1 | €27,260 | €20,493 | -€6,767 | -24.8% |
| Total equity and liabilities | 10/49 | €1,595,925 | €1,619,397 | +€23,472 | +1.5% |
| Equity | 10/15 | €531,989 | €559,330 | +€27,341 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €193,113 | €193,113 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €191,253 | €191,253 | = | 0.0% |
| Profit (loss) carried forward | 14 | €320,276 | €347,616 | +€27,341 | +8.5% |
| Amounts payable | 17/49 | €1,063,936 | €1,060,067 | -€3,869 | -0.4% |
| Amounts payable after more than one year | 17 | €520,490 | €451,966 | -€68,524 | -13.2% |
| Financial debts | 170/4 | €520,490 | €451,966 | -€68,524 | -13.2% |
| Amounts payable within one year | 42/48 | €543,447 | €608,102 | +€64,655 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €194,228 | €200,799 | +€6,570 | +3.4% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €272,777 | €215,109 | -€57,667 | -21.1% |
| Suppliers | 440/4 | €272,777 | €215,109 | -€57,667 | -21.1% |
| Taxes, remuneration and social security | 45 | €12,544 | €14,850 | +€2,306 | +18.4% |
| Taxes | 450/3 | €7,256 | €6,481 | -€776 | -10.7% |
| Remuneration and social security | 454/9 | €5,288 | €8,369 | +€3,081 | +58.3% |
| Other amounts payable | 47/48 | €63,898 | €177,344 | +€113,446 | +177.5% |
| Remuneration, social security and pensions | 62 | €47,807 | €62,202 | +€14,394 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,249 | €104,977 | +€39,729 | +60.9% |
| Other operating charges | 640/8 | €6,478 | €8,183 | +€1,706 | +26.3% |
| Non-recurring operating charges | 66A | €250 | €1,987 | +€1,737 | +694.9% |
| Gross operating margin | 9900 | €223,149 | €270,935 | +€47,786 | +21.4% |
| Operating profit (loss) | 9901 | €103,366 | €93,586 | -€9,780 | -9.5% |
| Financial income | 75/76B | €4,316 | €7,417 | +€3,101 | +71.8% |
| Recurring financial income | 75 | €4,316 | €7,417 | +€3,101 | +71.8% |
| Financial charges | 65/66B | €56,645 | €26,882 | -€29,763 | -52.5% |
| Recurring financial charges | 65 | €56,645 | €26,882 | -€29,763 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €51,037 | €74,121 | +€23,085 | +45.2% |
| Income taxes | 67/77 | €9,610 | €46,781 | +€37,171 | +386.8% |
| Profit (loss) for the period | 9904 | €41,427 | €27,341 | -€14,086 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,427 | €27,341 | -€14,086 | -34.0% |
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 8 October 2026 via checked.be.