EEF BE: 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 BE
Largest movements
- Receivables within one year +€54,843
up €54,843 (+9.9%), from €555,428 to €610,272
of which Other amounts receivable: +€57,054
- Cash -€32,307
down €32,307 (-16.6%), from €195,106 to €162,798
mainly Debts after one year (-€225,000) and Receivables within one year (-€54,843)
- Debts after one year -€225,000
down €225,000 (-75.0%), from €300,000 to €75,000
- Trade debts +€213,646
up €213,646 (+54.7%), from €390,512 to €604,158
- Reserves +€28,165
up €28,165 (+62.9%), from €44,799 to €72,963
- Gross operating margin +€59,610
up €59,610 (+74.5%), from €80,039 to €139,649
- Staff costs +€50,180
up €50,180 (+103%), from €48,646 to €98,825
- Taxes +€2,435
up €2,435 (+30.3%), from €8,035 to €10,470
- Financial charges +€1,550
up €1,550 (+243%), from €639 to €2,188
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 | €750,534 | €774,007 | +€23,473 | +3.1% |
| Fixed assets | 21/28 | - | €938 | +€938 | |
| Financial fixed assets | 28 | - | €938 | +€938 | |
| Current assets | 29/58 | €750,534 | €773,070 | +€22,536 | +3.0% |
| Amounts receivable within one year | 40/41 | €555,428 | €610,272 | +€54,843 | +9.9% |
| Trade receivables | 40 | €471,878 | €469,667 | -€2,211 | -0.5% |
| Other amounts receivable | 41 | €83,550 | €140,605 | +€57,054 | +68.3% |
| Cash at bank and in hand | 54/58 | €195,106 | €162,798 | -€32,307 | -16.6% |
| Total equity and liabilities | 10/49 | €750,534 | €774,007 | +€23,473 | +3.1% |
| Equity | 10/15 | €44,899 | €73,063 | +€28,165 | +62.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €44,799 | €72,963 | +€28,165 | +62.9% |
| Distributable reserves | 133 | €44,799 | €72,963 | +€28,165 | +62.9% |
| Amounts payable | 17/49 | €705,635 | €700,944 | -€4,691 | -0.7% |
| Amounts payable after more than one year | 17 | €300,000 | €75,000 | -€225,000 | -75.0% |
| Other amounts payable | 178/9 | €300,000 | €75,000 | -€225,000 | -75.0% |
| Amounts payable within one year | 42/48 | €405,635 | €625,944 | +€220,309 | +54.3% |
| Trade debts | 44 | €390,512 | €604,158 | +€213,646 | +54.7% |
| Suppliers | 440/4 | €390,512 | €604,158 | +€213,646 | +54.7% |
| Taxes, remuneration and social security | 45 | €15,123 | €21,785 | +€6,662 | +44.1% |
| Taxes | 450/3 | €6,473 | €4,365 | -€2,108 | -32.6% |
| Remuneration and social security | 454/9 | €8,650 | €17,420 | +€8,770 | +101% |
| Remuneration, social security and pensions | 62 | €48,646 | €98,825 | +€50,180 | +103% |
| Other operating charges | 640/8 | €100 | - | -€100 | |
| Gross operating margin | 9900 | €80,039 | €139,649 | +€59,610 | +74.5% |
| Operating profit (loss) | 9901 | €31,293 | €40,823 | +€9,530 | +30.5% |
| Financial charges | 65/66B | €639 | €2,188 | +€1,550 | +243% |
| Recurring financial charges | 65 | €639 | €2,188 | +€1,550 | +243% |
| Profit (loss) for the period before taxes | 9903 | €30,654 | €38,635 | +€7,980 | +26.0% |
| Income taxes | 67/77 | €8,035 | €10,470 | +€2,435 | +30.3% |
| Profit (loss) for the period | 9904 | €22,619 | €28,165 | +€5,545 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,619 | €28,165 | +€5,545 | +24.5% |
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.