EF TEKENBURO: 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.
EF TEKENBURO
Largest movements
- Cash +€10,224
up €10,224 (+51.3%), from €19,928 to €30,152
mainly Net result for the year (+€7,185) and Other debts (+€3,400)
- Tangible fixed assets +€1,311
new in 2025: €1,311
- Reserves +€7,185
up €7,185 (+70.2%), from €10,242 to €17,427
- Other debts +€3,400
up €3,400 (+266.0%), from €1,278 to €4,678
- Trade debts +€1,010
up €1,010 (+184.4%), from €548 to €1,558
- Gross operating margin -€4,010
down €4,010 (-25.3%), from €15,858 to €11,848
- Staff costs -€748
down €748 (-30.1%), from €2,490 to €1,741
- Taxes -€630
down €630 (-21.3%), from €2,964 to €2,334
- Depreciation +€328
new in 2025: €328
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 | €19,928 | €31,463 | +€11,535 | +57.9% |
| Fixed assets | 21/28 | - | €1,311 | +€1,311 | |
| Tangible fixed assets | 22/27 | - | €1,311 | +€1,311 | |
| Plant, machinery and equipment | 23 | - | €1,311 | +€1,311 | |
| Current assets | 29/58 | €19,928 | €30,152 | +€10,224 | +51.3% |
| Cash at bank and in hand | 54/58 | €19,928 | €30,152 | +€10,224 | +51.3% |
| Total equity and liabilities | 10/49 | €19,928 | €31,463 | +€11,535 | +57.9% |
| Equity | 10/15 | €13,242 | €20,427 | +€7,185 | +54.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €10,242 | €17,427 | +€7,185 | +70.2% |
| Distributable reserves | 133 | €10,242 | €17,427 | +€7,185 | +70.2% |
| Amounts payable | 17/49 | €6,686 | €11,036 | +€4,350 | +65.1% |
| Amounts payable within one year | 42/48 | €6,686 | €11,036 | +€4,350 | +65.1% |
| Trade debts | 44 | €548 | €1,558 | +€1,010 | +184.4% |
| Suppliers | 440/4 | €548 | €1,558 | +€1,010 | +184.4% |
| Taxes, remuneration and social security | 45 | €4,860 | €4,800 | -€60 | -1.2% |
| Taxes | 450/3 | €4,860 | €4,800 | -€60 | -1.2% |
| Other amounts payable | 47/48 | €1,278 | €4,678 | +€3,400 | +266.0% |
| Remuneration, social security and pensions | 62 | €2,490 | €1,741 | -€748 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €328 | +€328 | |
| Other operating charges | 640/8 | €137 | €200 | +€63 | +46.3% |
| Gross operating margin | 9900 | €15,858 | €11,848 | -€4,010 | -25.3% |
| Operating profit (loss) | 9901 | €13,231 | €9,578 | -€3,653 | -27.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €25 | €60 | +€34 | +136.0% |
| Recurring financial charges | 65 | €25 | €60 | +€34 | +136.0% |
| Profit (loss) for the period before taxes | 9903 | €13,206 | €9,519 | -€3,687 | -27.9% |
| Income taxes | 67/77 | €2,964 | €2,334 | -€630 | -21.3% |
| Profit (loss) for the period | 9904 | €10,242 | €7,185 | -€3,057 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,242 | €7,185 | -€3,057 | -29.8% |
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 7 October 2026 via checked.be.