EFC Group: 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.
EFC Group
Largest movements
- Receivables within one year +€326,227
up €326,227 (+2173.0%), from €15,012 to €341,239
of which Other amounts receivable: +€187,457
- Cash -€31,021
down €31,021 (-99.9%), from €31,037 to €16
mainly Receivables within one year (-€326,227) and Investment in fixed assets (net) (-€2,000)
- Trade debts +€165,244
up €165,244 (+2947.2%), from €5,607 to €170,850
- Profit (loss) carried forward +€101,564
up €101,564 (+267.8%), from €37,922 to €139,486
- Tax, wage and social debts +€27,749
new in 2024: €27,749
- Gross operating margin +€93,284
up €93,284 (+212.3%), from €43,939 to €137,223
- Financial charges +€28,584
up €28,584 (+7384.0%), from €387 to €28,971
of which Non-recurring financial charges: +€27,749
- Depreciation -€2,680
down €2,680 (-80.1%), from €3,347 to €667
- Financial income +€2,581
up €2,581 (+615.2%), from €419 to €3,000
- Other operating charges -€1,896
down €1,896 (-70.2%), from €2,702 to €806
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,529 | €343,068 | +€296,539 | +637.3% |
| Fixed assets | 21/28 | €480 | €1,813 | +€1,333 | +278.0% |
| Tangible fixed assets | 22/27 | - | €1,333 | +€1,333 | |
| Furniture and vehicles | 24 | - | €1,333 | +€1,333 | |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €46,050 | €341,255 | +€295,206 | +641.1% |
| Amounts receivable within one year | 40/41 | €15,012 | €341,239 | +€326,227 | +2173.0% |
| Trade receivables | 40 | - | €138,770 | +€138,770 | |
| Other amounts receivable | 41 | €15,012 | €202,469 | +€187,457 | +1248.7% |
| Cash at bank and in hand | 54/58 | €31,037 | €16 | -€31,021 | -99.9% |
| Total equity and liabilities | 10/49 | €46,529 | €343,068 | +€296,539 | +637.3% |
| Equity | 10/15 | €40,922 | €142,486 | +€101,564 | +248.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,922 | €139,486 | +€101,564 | +267.8% |
| Amounts payable | 17/49 | €5,607 | €200,582 | +€194,975 | +3477.5% |
| Amounts payable within one year | 42/48 | €5,607 | €200,582 | +€194,975 | +3477.5% |
| Financial debts | 43 | - | €1,983 | +€1,983 | |
| Credit institutions | 430/8 | - | €1,983 | +€1,983 | |
| Trade debts | 44 | €5,607 | €170,850 | +€165,244 | +2947.2% |
| Suppliers | 440/4 | €5,607 | €170,850 | +€165,244 | +2947.2% |
| Taxes, remuneration and social security | 45 | - | €27,749 | +€27,749 | |
| Taxes | 450/3 | - | €27,749 | +€27,749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,347 | €667 | -€2,680 | -80.1% |
| Other operating charges | 640/8 | €2,702 | €806 | -€1,896 | -70.2% |
| Non-recurring operating charges | 66A | - | €8,215 | +€8,215 | |
| Gross operating margin | 9900 | €43,939 | €137,223 | +€93,284 | +212.3% |
| Operating profit (loss) | 9901 | €37,890 | €127,535 | +€89,645 | +236.6% |
| Financial income | 75/76B | €419 | €3,000 | +€2,581 | +615.2% |
| Recurring financial income | 75 | €419 | €3,000 | +€2,581 | +615.2% |
| Financial charges | 65/66B | €387 | €28,971 | +€28,584 | +7384.0% |
| Recurring financial charges | 65 | €387 | €1,222 | +€835 | +215.7% |
| Non-recurring financial charges | 66B | - | €27,749 | +€27,749 | |
| Profit (loss) for the period before taxes | 9903 | €37,922 | €101,564 | +€63,641 | +167.8% |
| Profit (loss) for the period | 9904 | €37,922 | €101,564 | +€63,641 | +167.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,922 | €101,564 | +€63,641 | +167.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.