EF MANAGEMENT & CONSULTING: 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.
EF MANAGEMENT & CONSULTING
Largest movements
- Stocks and contracts +€13,932
up €13,932 (+465%), from €2,994 to €16,926
- Deferred charges and accrued income -€9,745
down €9,745 (-100%), from €9,745 to €0
- Receivables within one year -€5,164
down €5,164 (-30.2%), from €17,089 to €11,925
of which Trade receivables: -€5,243
- Profit (loss) carried forward +€14,080
up €14,080 (+171%), from €8,220 to €22,299
- Other debts -€7,500
no longer reported in 2025 (was €7,500)
- Trade debts -€4,247
down €4,247 (-80.9%), from €5,246 to €1,000
- Tax, wage and social debts -€3,189
down €3,189 (-37.5%), from €8,511 to €5,322
- Gross operating margin +€9,865
up €9,865 (+75.5%), from €13,065 to €22,930
- Other operating charges +€1,754
up €1,754 (+2,338%), from €75 to €1,829
- Taxes +€1,453
up €1,453 (+30.9%), from €4,700 to €6,153
- Financial charges +€825
up €825 (+1,178%), from €70 to €895
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 | €34,477 | €33,621 | -€856 | -2.5% |
| Fixed assets | 21/28 | €56 | €56 | = | 0.0% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €34,421 | €33,565 | -€856 | -2.5% |
| Stocks and contracts in progress | 3 | €2,994 | €16,926 | +€13,932 | +465% |
| Stocks | 30/36 | €2,994 | €16,926 | +€13,932 | +465% |
| Amounts receivable within one year | 40/41 | €17,089 | €11,925 | -€5,164 | -30.2% |
| Trade receivables | 40 | €14,208 | €8,965 | -€5,243 | -36.9% |
| Other amounts receivable | 41 | €2,881 | €2,960 | +€79 | +2.7% |
| Cash at bank and in hand | 54/58 | €4,593 | €4,714 | +€121 | +2.6% |
| Deferred charges and accrued income | 490/1 | €9,745 | €0 | -€9,745 | -100% |
| Total equity and liabilities | 10/49 | €34,477 | €33,621 | -€856 | -2.5% |
| Equity | 10/15 | €13,220 | €27,299 | +€14,080 | +107% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,220 | €22,299 | +€14,080 | +171% |
| Amounts payable | 17/49 | €21,257 | €6,321 | -€14,936 | -70.3% |
| Amounts payable within one year | 42/48 | €21,257 | €6,321 | -€14,936 | -70.3% |
| Trade debts | 44 | €5,246 | €1,000 | -€4,247 | -80.9% |
| Suppliers | 440/4 | €5,246 | €1,000 | -€4,247 | -80.9% |
| Taxes, remuneration and social security | 45 | €8,511 | €5,322 | -€3,189 | -37.5% |
| Taxes | 450/3 | €8,511 | €5,322 | -€3,189 | -37.5% |
| Other amounts payable | 47/48 | €7,500 | - | -€7,500 | |
| Other operating charges | 640/8 | €75 | €1,829 | +€1,754 | +2,338% |
| Gross operating margin | 9900 | €13,065 | €22,930 | +€9,865 | +75.5% |
| Operating profit (loss) | 9901 | €12,990 | €21,101 | +€8,111 | +62.4% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €70 | €895 | +€825 | +1,178% |
| Recurring financial charges | 65 | €70 | €895 | +€825 | +1,178% |
| Profit (loss) for the period before taxes | 9903 | €12,920 | €20,232 | +€7,312 | +56.6% |
| Income taxes | 67/77 | €4,700 | €6,153 | +€1,453 | +30.9% |
| Profit (loss) for the period | 9904 | €8,220 | €14,080 | +€5,860 | +71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,220 | €14,080 | +€5,860 | +71.3% |
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 24 October 2026 via checked.be.