EFC CONSULT: 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.
EFC CONSULT
Largest movements
- Tangible fixed assets +€400,842
up €400,842 (+7327.4%), from €5,470 to €406,313
of which Land and buildings: +€402,378
- Receivables within one year +€143,632
up €143,632 (+144.8%), from €99,224 to €242,856
of which Trade receivables: +€85,258
- Cash +€21,631
up €21,631 (+80.8%), from €26,760 to €48,391
mainly Debts after one year (+€334,206) and Net result for the year (+€98,302)
- Debts after one year +€334,206
new in 2025: €334,206
- Reserves +€98,302
up €98,302 (+248.7%), from €39,534 to €137,836
- Current portion of long-term debt +€67,388
up €67,388 (+168.5%), from €40,000 to €107,388
- Trade debts +€54,583
up €54,583 (+170.5%), from €32,019 to €86,603
- Tax, wage and social debts +€13,148
up €13,148 (+393.0%), from €3,346 to €16,494
of which Remuneration and social security: +€9,488
- Gross operating margin +€166,805
up €166,805 (+185.7%), from €89,804 to €256,609
- Staff costs +€72,298
up €72,298 (+224.6%), from €32,185 to €104,484
- Taxes +€29,146
up €29,146 (+191.9%), from €15,190 to €44,336
- Financial charges +€5,505
up €5,505 (+528.6%), from €1,041 to €6,546
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 | €132,406 | €700,452 | +€568,046 | +429.0% |
| Fixed assets | 21/28 | €5,470 | €406,313 | +€400,842 | +7327.4% |
| Tangible fixed assets | 22/27 | €5,470 | €406,313 | +€400,842 | +7327.4% |
| Land and buildings | 22 | - | €402,378 | +€402,378 | |
| Furniture and vehicles | 24 | €5,470 | €3,934 | -€1,536 | -28.1% |
| Current assets | 29/58 | €126,935 | €294,139 | +€167,204 | +131.7% |
| Amounts receivable within one year | 40/41 | €99,224 | €242,856 | +€143,632 | +144.8% |
| Trade receivables | 40 | €64,104 | €149,362 | +€85,258 | +133.0% |
| Other amounts receivable | 41 | €35,120 | €93,494 | +€58,374 | +166.2% |
| Cash at bank and in hand | 54/58 | €26,760 | €48,391 | +€21,631 | +80.8% |
| Deferred charges and accrued income | 490/1 | €952 | €2,892 | +€1,941 | +203.9% |
| Total equity and liabilities | 10/49 | €132,406 | €700,452 | +€568,046 | +429.0% |
| Equity | 10/15 | €44,974 | €143,276 | +€98,302 | +218.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €39,534 | €137,836 | +€98,302 | +248.7% |
| Distributable reserves | 133 | €39,534 | €137,836 | +€98,302 | +248.7% |
| Profit (loss) carried forward | 14 | €440 | €440 | = | 0.0% |
| Amounts payable | 17/49 | €87,432 | €557,176 | +€469,744 | +537.3% |
| Amounts payable after more than one year | 17 | - | €334,206 | +€334,206 | |
| Financial debts | 170/4 | - | €334,206 | +€334,206 | |
| Amounts payable within one year | 42/48 | €87,432 | €222,970 | +€135,538 | +155.0% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €107,388 | +€67,388 | +168.5% |
| Trade debts | 44 | €32,019 | €86,603 | +€54,583 | +170.5% |
| Suppliers | 440/4 | €32,019 | €86,603 | +€54,583 | +170.5% |
| Taxes, remuneration and social security | 45 | €3,346 | €16,494 | +€13,148 | +393.0% |
| Taxes | 450/3 | €546 | €4,205 | +€3,660 | +670.9% |
| Remuneration and social security | 454/9 | €2,800 | €12,289 | +€9,488 | +338.8% |
| Other amounts payable | 47/48 | €12,066 | €12,485 | +€419 | +3.5% |
| Non-recurring operating income | 76A | €5,830 | - | -€5,830 | |
| Remuneration, social security and pensions | 62 | €32,185 | €104,484 | +€72,298 | +224.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,525 | €2,635 | +€109 | +4.3% |
| Other operating charges | 640/8 | €174 | €484 | +€309 | +177.5% |
| Gross operating margin | 9900 | €89,804 | €256,609 | +€166,805 | +185.7% |
| Operating profit (loss) | 9901 | €54,919 | €149,007 | +€94,088 | +171.3% |
| Financial income | 75/76B | €845 | €177 | -€668 | -79.0% |
| Recurring financial income | 75 | €845 | €177 | -€668 | -79.0% |
| Financial charges | 65/66B | €1,041 | €6,546 | +€5,505 | +528.6% |
| Recurring financial charges | 65 | €1,041 | €6,546 | +€5,505 | +528.6% |
| Profit (loss) for the period before taxes | 9903 | €54,723 | €142,638 | +€87,915 | +160.7% |
| Income taxes | 67/77 | €15,190 | €44,336 | +€29,146 | +191.9% |
| Profit (loss) for the period | 9904 | €39,534 | €98,302 | +€58,768 | +148.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,534 | €98,302 | +€58,768 | +148.7% |
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 8 October 2026 via checked.be.