E&F 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 CONSTRUCT
Largest movements
- Receivables within one year -€4,304
down €4,304 (-27.2%), from €15,832 to €11,527
of which Trade receivables: -€7,562
- Cash +€429
up €429 (+13.2%), from €3,253 to €3,682
mainly Receivables within one year (+€4,304) and Deferred charges and accrued income (+€118)
- Reserves -€2,382
down €2,382 (-54.6%), from €4,361 to €1,978
- Tax, wage and social debts -€755
no longer reported in 2025 (was €755)
of which Taxes: -€569
- Trade debts -€696
down €696 (-23.8%), from €2,928 to €2,232
- Gross operating margin -€6,851
down €6,851, from €4,951 to -€1,900
- Staff costs -€3,134
down €3,134 (-99.5%), from €3,149 to €16
- Taxes -€435
down €435 (-99.6%), from €436 to €2
- Financial income -€271
down €271 (-96.0%), from €283 to €11
- Financial charges -€51
down €51 (-39.0%), from €132 to €80
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 | €19,202 | €15,209 | -€3,994 | -20.8% |
| Current assets | 29/58 | €19,202 | €15,209 | -€3,994 | -20.8% |
| Amounts receivable within one year | 40/41 | €15,832 | €11,527 | -€4,304 | -27.2% |
| Trade receivables | 40 | €15,454 | €7,892 | -€7,562 | -48.9% |
| Other amounts receivable | 41 | €378 | €3,635 | +€3,258 | +862.5% |
| Cash at bank and in hand | 54/58 | €3,253 | €3,682 | +€429 | +13.2% |
| Deferred charges and accrued income | 490/1 | €118 | - | -€118 | |
| Total equity and liabilities | 10/49 | €19,202 | €15,209 | -€3,994 | -20.8% |
| Equity | 10/15 | €14,361 | €11,978 | -€2,382 | -16.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €4,361 | €1,978 | -€2,382 | -54.6% |
| Distributable reserves | 133 | €4,361 | €1,978 | -€2,382 | -54.6% |
| Amounts payable | 17/49 | €4,842 | €3,230 | -€1,611 | -33.3% |
| Amounts payable within one year | 42/48 | €4,842 | €3,230 | -€1,611 | -33.3% |
| Trade debts | 44 | €2,928 | €2,232 | -€696 | -23.8% |
| Suppliers | 440/4 | €2,928 | €2,232 | -€696 | -23.8% |
| Taxes, remuneration and social security | 45 | €755 | - | -€755 | |
| Taxes | 450/3 | €569 | - | -€569 | |
| Remuneration and social security | 454/9 | €186 | - | -€186 | |
| Other amounts payable | 47/48 | €1,159 | €999 | -€160 | -13.8% |
| Remuneration, social security and pensions | 62 | €3,149 | €16 | -€3,134 | -99.5% |
| Other operating charges | 640/8 | €384 | €396 | +€12 | +3.0% |
| Gross operating margin | 9900 | €4,951 | -€1,900 | -€6,851 | |
| Operating profit (loss) | 9901 | €1,417 | -€2,311 | -€3,728 | |
| Financial income | 75/76B | €283 | €11 | -€271 | -96.0% |
| Recurring financial income | 75 | €283 | €11 | -€271 | -96.0% |
| Financial charges | 65/66B | €132 | €80 | -€51 | -39.0% |
| Recurring financial charges | 65 | €132 | €80 | -€51 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €1,568 | -€2,380 | -€3,948 | |
| Income taxes | 67/77 | €436 | €2 | -€435 | -99.6% |
| Profit (loss) for the period | 9904 | €1,132 | -€2,382 | -€3,514 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,132 | -€2,382 | -€3,514 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.