EFDE23: 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.
EFDE23
Largest movements
- Receivables within one year -€71,080
down €71,080 (-53.0%), from €134,092 to €63,012
of which Trade receivables: -€73,578
- Cash +€30,524
up €30,524 (+121.7%), from €25,087 to €55,611
mainly Receivables within one year (+€71,080) and Net result for the year (+€29,241)
- Tangible fixed assets +€22,406
up €22,406 (+1031.9%), from €2,171 to €24,577
- Deferred charges and accrued income +€1,864
new in 2025: €1,864
- Tax, wage and social debts -€37,561
down €37,561 (-76.1%), from €49,354 to €11,794
- Reserves +€29,241
up €29,241 (+44.9%), from €65,100 to €94,341
- Other debts -€4,351
down €4,351 (-97.6%), from €4,458 to €106
- Trade debts -€3,618
down €3,618 (-9.2%), from €39,438 to €35,820
- Gross operating margin -€49,498
down €49,498 (-54.0%), from €91,626 to €42,128
- Taxes -€13,212
down €13,212 (-52.8%), from €25,006 to €11,794
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 | €161,351 | €145,065 | -€16,286 | -10.1% |
| Fixed assets | 21/28 | €2,171 | €24,577 | +€22,406 | +1031.9% |
| Tangible fixed assets | 22/27 | €2,171 | €24,577 | +€22,406 | +1031.9% |
| Furniture and vehicles | 24 | €2,171 | €24,577 | +€22,406 | +1031.9% |
| Current assets | 29/58 | €159,179 | €120,488 | -€38,692 | -24.3% |
| Amounts receivable within one year | 40/41 | €134,092 | €63,012 | -€71,080 | -53.0% |
| Trade receivables | 40 | €134,092 | €60,515 | -€73,578 | -54.9% |
| Other amounts receivable | 41 | - | €2,498 | +€2,498 | |
| Cash at bank and in hand | 54/58 | €25,087 | €55,611 | +€30,524 | +121.7% |
| Deferred charges and accrued income | 490/1 | - | €1,864 | +€1,864 | |
| Total equity and liabilities | 10/49 | €161,351 | €145,065 | -€16,286 | -10.1% |
| Equity | 10/15 | €68,100 | €97,341 | +€29,241 | +42.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €65,100 | €94,341 | +€29,241 | +44.9% |
| Distributable reserves | 133 | €65,100 | €94,341 | +€29,241 | +44.9% |
| Amounts payable | 17/49 | €93,250 | €47,724 | -€45,527 | -48.8% |
| Amounts payable within one year | 42/48 | €93,250 | €47,720 | -€45,530 | -48.8% |
| Trade debts | 44 | €39,438 | €35,820 | -€3,618 | -9.2% |
| Suppliers | 440/4 | €39,438 | €35,820 | -€3,618 | -9.2% |
| Taxes, remuneration and social security | 45 | €49,354 | €11,794 | -€37,561 | -76.1% |
| Taxes | 450/3 | €49,354 | €11,794 | -€37,561 | -76.1% |
| Other amounts payable | 47/48 | €4,458 | €106 | -€4,351 | -97.6% |
| Accrued charges and deferred income | 492/3 | - | €4 | +€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224 | €888 | +€665 | +297.0% |
| Other operating charges | 640/8 | €1,261 | €433 | -€827 | -65.6% |
| Gross operating margin | 9900 | €91,626 | €42,128 | -€49,498 | -54.0% |
| Operating profit (loss) | 9901 | €90,141 | €40,806 | -€49,335 | -54.7% |
| Financial income | 75/76B | - | €302 | +€302 | |
| Recurring financial income | 75 | - | €302 | +€302 | |
| Financial charges | 65/66B | €35 | €74 | +€39 | +113.0% |
| Recurring financial charges | 65 | €35 | €74 | +€39 | +113.0% |
| Profit (loss) for the period before taxes | 9903 | €90,107 | €41,034 | -€49,072 | -54.5% |
| Income taxes | 67/77 | €25,006 | €11,794 | -€13,212 | -52.8% |
| Profit (loss) for the period | 9904 | €65,100 | €29,241 | -€35,860 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,100 | €29,241 | -€35,860 | -55.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.