EFD: 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.
EFD
Largest movements
- Cash +€34,635
up €34,635 (+60.8%), from €56,992 to €91,627
mainly Advances received (+€60,000) and Receivables within one year (+€14,752)
- Receivables within one year -€14,752
down €14,752 (-23.6%), from €62,491 to €47,740
of which Trade receivables: -€25,474
- Deferred charges and accrued income -€2,715
down €2,715 (-57.2%), from €4,749 to €2,034
- Trade debts -€60,848
down €60,848 (-67.7%), from €89,864 to €29,016
- Advances received +€60,000
up €60,000 (+375.0%), from €16,000 to €76,000
- Other debts +€10,068
up €10,068 (+140.6%), from €7,160 to €17,228
- Profit (loss) carried forward +€4,911
up €4,911 (+605.3%), from €811 to €5,722
- Tax, wage and social debts +€2,353
up €2,353 (+593.8%), from €396 to €2,749
- Gross operating margin +€5,126
up €5,126 (+241.6%), from €2,121 to €7,247
- Taxes +€1,957
up €1,957 (+493.8%), from €396 to €2,353
- Financial income +€943
new in 2024: €943
- Other operating charges +€424
up €424 (+122.1%), from €348 to €772
- Financial charges -€412
down €412 (-72.7%), from €566 to €155
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 | €124,232 | €141,400 | +€17,168 | +13.8% |
| Current assets | 29/58 | €124,232 | €141,400 | +€17,168 | +13.8% |
| Amounts receivable within one year | 40/41 | €62,491 | €47,740 | -€14,752 | -23.6% |
| Trade receivables | 40 | €41,750 | €16,276 | -€25,474 | -61.0% |
| Other amounts receivable | 41 | €20,741 | €31,464 | +€10,722 | +51.7% |
| Cash at bank and in hand | 54/58 | €56,992 | €91,627 | +€34,635 | +60.8% |
| Deferred charges and accrued income | 490/1 | €4,749 | €2,034 | -€2,715 | -57.2% |
| Total equity and liabilities | 10/49 | €124,232 | €141,400 | +€17,168 | +13.8% |
| Equity | 10/15 | €10,811 | €15,722 | +€4,911 | +45.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €811 | €5,722 | +€4,911 | +605.3% |
| Amounts payable | 17/49 | €113,421 | €125,678 | +€12,258 | +10.8% |
| Amounts payable within one year | 42/48 | €113,421 | €125,678 | +€12,258 | +10.8% |
| Financial debts | 43 | - | €685 | +€685 | |
| Credit institutions | 430/8 | - | €685 | +€685 | |
| Trade debts | 44 | €89,864 | €29,016 | -€60,848 | -67.7% |
| Suppliers | 440/4 | €89,864 | €29,016 | -€60,848 | -67.7% |
| Advances received on contracts in progress | 46 | €16,000 | €76,000 | +€60,000 | +375.0% |
| Taxes, remuneration and social security | 45 | €396 | €2,749 | +€2,353 | +593.8% |
| Taxes | 450/3 | €396 | €2,749 | +€2,353 | +593.8% |
| Other amounts payable | 47/48 | €7,160 | €17,228 | +€10,068 | +140.6% |
| Other operating charges | 640/8 | €348 | €772 | +€424 | +122.1% |
| Gross operating margin | 9900 | €2,121 | €7,247 | +€5,126 | +241.6% |
| Operating profit (loss) | 9901 | €1,774 | €6,475 | +€4,701 | +265.0% |
| Financial income | 75/76B | - | €943 | +€943 | |
| Recurring financial income | 75 | - | €943 | +€943 | |
| Financial charges | 65/66B | €566 | €155 | -€412 | -72.7% |
| Recurring financial charges | 65 | €566 | €155 | -€412 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | €1,207 | €7,264 | +€6,056 | +501.6% |
| Income taxes | 67/77 | €396 | €2,353 | +€1,957 | +493.8% |
| Profit (loss) for the period | 9904 | €811 | €4,911 | +€4,099 | +505.3% |
| Profit (loss) for the period to be appropriated | 9905 | €811 | €4,911 | +€4,099 | +505.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.