EFDC: 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.
EFDC
Largest movements
- Receivables within one year +€31,539
up €31,539 (+134%), from €23,524 to €55,063
of which Other amounts receivable: +€26,386
- Tangible fixed assets +€14,740
up €14,740 (+101%), from €14,523 to €29,263
- Cash +€3,124
up €3,124 (+665%), from €470 to €3,593
mainly Trade debts (+€40,996) and Debts after one year (+€19,668)
- Deferred charges and accrued income -€1,285
no longer reported in 2024 (was €1,285)
- Trade debts +€40,996
up €40,996 (+1,006%), from €4,077 to €45,073
- Debts after one year +€19,668
up €19,668 (+151%), from €12,987 to €32,655
- Other debts -€15,715
down €15,715 (-67.7%), from €23,220 to €7,505
- Current portion of long-term debt +€5,811
up €5,811 (+135%), from €4,308 to €10,118
- Profit (loss) carried forward -€2,642
down €2,642 (-17.9%), from -€14,790 to -€17,432
- Gross operating margin +€13,406
up €13,406 (+636%), from €2,108 to €15,514
- Depreciation +€6,039
up €6,039 (+67.7%), from €8,922 to €14,961
- Other operating charges +€2,862
new in 2024: €2,862
- Financial charges -€849
down €849 (-66.6%), from €1,276 to €427
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.
Derived cash bridge
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 | €39,801 | €87,919 | +€48,118 | +121% |
| Fixed assets | 21/28 | €14,523 | €29,263 | +€14,740 | +101% |
| Tangible fixed assets | 22/27 | €14,523 | €29,263 | +€14,740 | +101% |
| Furniture and vehicles | 24 | €14,523 | €29,263 | +€14,740 | +101% |
| Current assets | 29/58 | €25,278 | €58,656 | +€33,378 | +132% |
| Amounts receivable within one year | 40/41 | €23,524 | €55,063 | +€31,539 | +134% |
| Trade receivables | 40 | €8,723 | €13,875 | +€5,153 | +59.1% |
| Other amounts receivable | 41 | €14,802 | €41,188 | +€26,386 | +178% |
| Cash at bank and in hand | 54/58 | €470 | €3,593 | +€3,124 | +665% |
| Deferred charges and accrued income | 490/1 | €1,285 | - | -€1,285 | |
| Total equity and liabilities | 10/49 | €39,801 | €87,919 | +€48,118 | +121% |
| Equity | 10/15 | -€4,790 | -€7,432 | -€2,642 | -55.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,790 | -€17,432 | -€2,642 | -17.9% |
| Amounts payable | 17/49 | €44,592 | €95,351 | +€50,760 | +114% |
| Amounts payable after more than one year | 17 | €12,987 | €32,655 | +€19,668 | +151% |
| Financial debts | 170/4 | €12,987 | €32,655 | +€19,668 | +151% |
| Amounts payable within one year | 42/48 | €31,605 | €62,697 | +€31,092 | +98.4% |
| Current portion of amounts payable after more than one year | 42 | €4,308 | €10,118 | +€5,811 | +135% |
| Trade debts | 44 | €4,077 | €45,073 | +€40,996 | +1,006% |
| Suppliers | 440/4 | €4,077 | €45,073 | +€40,996 | +1,006% |
| Other amounts payable | 47/48 | €23,220 | €7,505 | -€15,715 | -67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,922 | €14,961 | +€6,039 | +67.7% |
| Other operating charges | 640/8 | - | €2,862 | +€2,862 | |
| Gross operating margin | 9900 | €2,108 | €15,514 | +€13,406 | +636% |
| Operating profit (loss) | 9901 | -€6,815 | -€2,309 | +€4,505 | +66.1% |
| Financial income | 75/76B | €80 | €94 | +€14 | +17.6% |
| Recurring financial income | 75 | €80 | €94 | +€14 | +17.6% |
| Financial charges | 65/66B | €1,276 | €427 | -€849 | -66.6% |
| Recurring financial charges | 65 | €1,276 | €427 | -€849 | -66.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,010 | -€2,642 | +€5,369 | +67.0% |
| Profit (loss) for the period | 9904 | -€8,010 | -€2,642 | +€5,369 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,010 | -€2,642 | +€5,369 | +67.0% |
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 22 October 2026 via checked.be.