EEF: 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.
EEF
Largest movements
- Cash -€17,486
down €17,486 (-15.5%), from €113,084 to €95,598
mainly Contributions, distributions and other (-€33,170) and Investment in fixed assets (net) (-€1,967)
- Reserves -€17,790
down €17,790 (-13.6%), from €131,286 to €113,496
- Gross operating margin +€8,415
up €8,415 (+50.8%), from €16,563 to €24,978
- Taxes +€2,833
up €2,833 (+77.1%), from €3,673 to €6,506
- Financial income +€1,657
up €1,657 (+65.8%), from €2,519 to €4,176
- Financial charges -€418
down €418 (-10.2%), from €4,106 to €3,689
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 | €231,370 | €214,097 | -€17,274 | -7.5% |
| Fixed assets | 21/28 | €1,988 | €2,099 | +€112 | +5.6% |
| Tangible fixed assets | 22/27 | €1,988 | €2,099 | +€112 | +5.6% |
| Land and buildings | 22 | €1,015 | - | -€1,015 | |
| Plant, machinery and equipment | 23 | €746 | €138 | -€608 | -81.5% |
| Furniture and vehicles | 24 | €227 | €1,961 | +€1,734 | +763.2% |
| Current assets | 29/58 | €229,383 | €211,997 | -€17,385 | -7.6% |
| Stocks and contracts in progress | 3 | €13,350 | €14,927 | +€1,577 | +11.8% |
| Stocks | 30/36 | €13,350 | €14,927 | +€1,577 | +11.8% |
| Amounts receivable within one year | 40/41 | €2,521 | €771 | -€1,750 | -69.4% |
| Trade receivables | 40 | €2,491 | €768 | -€1,723 | -69.2% |
| Other amounts receivable | 41 | €30 | €3 | -€27 | -89.5% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €113,084 | €95,598 | -€17,486 | -15.5% |
| Deferred charges and accrued income | 490/1 | €428 | €701 | +€273 | +63.8% |
| Total equity and liabilities | 10/49 | €231,370 | €214,097 | -€17,274 | -7.5% |
| Equity | 10/15 | €186,286 | €168,496 | -€17,790 | -9.5% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €131,286 | €113,496 | -€17,790 | -13.6% |
| Distributable reserves | 133 | €131,286 | €113,496 | -€17,790 | -13.6% |
| Amounts payable | 17/49 | €45,084 | €45,600 | +€516 | +1.1% |
| Amounts payable within one year | 42/48 | €43,489 | €44,151 | +€663 | +1.5% |
| Financial debts | 43 | €40 | €40 | = | 0.0% |
| Credit institutions | 430/8 | €40 | €40 | = | 0.0% |
| Trade debts | 44 | €3,413 | €3,103 | -€310 | -9.1% |
| Suppliers | 440/4 | €3,413 | €3,103 | -€310 | -9.1% |
| Advances received on contracts in progress | 46 | - | €463 | +€463 | |
| Taxes, remuneration and social security | 45 | €11,210 | €10,894 | -€316 | -2.8% |
| Taxes | 450/3 | €11,210 | €10,894 | -€316 | -2.8% |
| Other amounts payable | 47/48 | €28,825 | €29,651 | +€826 | +2.9% |
| Accrued charges and deferred income | 492/3 | €1,596 | €1,449 | -€147 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,939 | €1,855 | -€84 | -4.3% |
| Other operating charges | 640/8 | €1,674 | €1,725 | +€51 | +3.0% |
| Gross operating margin | 9900 | €16,563 | €24,978 | +€8,415 | +50.8% |
| Operating profit (loss) | 9901 | €12,951 | €21,399 | +€8,448 | +65.2% |
| Financial income | 75/76B | €2,519 | €4,176 | +€1,657 | +65.8% |
| Recurring financial income | 75 | €2,519 | €4,176 | +€1,657 | +65.8% |
| Financial charges | 65/66B | €4,106 | €3,689 | -€418 | -10.2% |
| Recurring financial charges | 65 | €4,106 | €3,689 | -€418 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €11,363 | €21,886 | +€10,523 | +92.6% |
| Income taxes | 67/77 | €3,673 | €6,506 | +€2,833 | +77.1% |
| Profit (loss) for the period | 9904 | €7,690 | €15,380 | +€7,690 | +100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,690 | €15,380 | +€7,690 | +100.0% |
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 11 October 2026 via checked.be.