EFE BOUW: 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.
EFE BOUW
Largest movements
- Cash +€31,531
up €31,531 (+35,034,922%), from €0 to €31,532
mainly Trade debts (+€29,298) and Net result for the year (+€16,685)
- Receivables within one year +€12,730
up €12,730 (+31.3%), from €40,615 to €53,345
of which Trade receivables: +€14,957
- Stocks and contracts +€10,199
new in 2025: €10,199
- Tangible fixed assets -€7,105
down €7,105 (-23.2%), from €30,616 to €23,510
of which Plant, machinery and equipment: -€6,125
- Deferred charges and accrued income -€1,854
down €1,854 (-64.6%), from €2,868 to €1,014
- Trade debts +€29,298
up €29,298 (+371%), from €7,895 to €37,193
- Profit (loss) carried forward +€16,685
up €16,685 (+61.6%), from €27,099 to €43,784
- Tax, wage and social debts +€11,073
up €11,073 (+210%), from €5,270 to €16,344
- Debts after one year -€7,411
down €7,411 (-52.9%), from €14,022 to €6,611
- Short-term financial debts -€3,537
down €3,537 (-61.0%), from €5,793 to €2,257
- Gross operating margin +€34,107
up €34,107 (+193%), from €17,646 to €51,754
- Staff costs +€16,352
up €16,352 (+3,664%), from €446 to €16,798
- Depreciation +€4,894
up €4,894 (+177%), from €2,768 to €7,662
- Taxes +€2,515
up €2,515 (+76.4%), from €3,291 to €5,806
- Financial income -€1,415
down €1,415 (-72.0%), from €1,965 to €550
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.
Derived cash bridge
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 | €74,099 | €119,600 | +€45,502 | +61.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €30,616 | €23,510 | -€7,105 | -23.2% |
| Tangible fixed assets | 22/27 | €30,616 | €23,510 | -€7,105 | -23.2% |
| Plant, machinery and equipment | 23 | €26,906 | €20,782 | -€6,125 | -22.8% |
| Furniture and vehicles | 24 | €3,709 | €2,729 | -€981 | -26.4% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Current assets | 29/58 | €43,483 | €96,090 | +€52,607 | +121% |
| Stocks and contracts in progress | 3 | - | €10,199 | +€10,199 | |
| Stocks | 30/36 | - | €10,199 | +€10,199 | |
| Amounts receivable within one year | 40/41 | €40,615 | €53,345 | +€12,730 | +31.3% |
| Trade receivables | 40 | €15,879 | €30,837 | +€14,957 | +94.2% |
| Other amounts receivable | 41 | €24,736 | €22,508 | -€2,227 | -9.0% |
| Cash at bank and in hand | 54/58 | €0 | €31,532 | +€31,531 | +35,034,922% |
| Deferred charges and accrued income | 490/1 | €2,868 | €1,014 | -€1,854 | -64.6% |
| Total equity and liabilities | 10/49 | €74,099 | €119,600 | +€45,502 | +61.4% |
| Equity | 10/15 | €33,099 | €49,784 | +€16,685 | +50.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,099 | €43,784 | +€16,685 | +61.6% |
| Amounts payable | 17/49 | €41,000 | €69,816 | +€28,816 | +70.3% |
| Amounts payable after more than one year | 17 | €14,022 | €6,611 | -€7,411 | -52.9% |
| Financial debts | 170/4 | €14,022 | €6,611 | -€7,411 | -52.9% |
| Amounts payable within one year | 42/48 | €26,977 | €63,205 | +€36,227 | +134% |
| Current portion of amounts payable after more than one year | 42 | €6,881 | €7,411 | +€531 | +7.7% |
| Financial debts | 43 | €5,793 | €2,257 | -€3,537 | -61.0% |
| Credit institutions | 430/8 | €5,793 | €2,257 | -€3,537 | -61.0% |
| Trade debts | 44 | €7,895 | €37,193 | +€29,298 | +371% |
| Suppliers | 440/4 | €7,895 | €37,193 | +€29,298 | +371% |
| Taxes, remuneration and social security | 45 | €5,270 | €16,344 | +€11,073 | +210% |
| Taxes | 450/3 | €5,270 | €16,344 | +€11,073 | +210% |
| Other amounts payable | 47/48 | €1,138 | - | -€1,138 | |
| Remuneration, social security and pensions | 62 | €446 | €16,798 | +€16,352 | +3,664% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,768 | €7,662 | +€4,894 | +177% |
| Other operating charges | 640/8 | €945 | €1,662 | +€716 | +75.7% |
| Gross operating margin | 9900 | €17,646 | €51,754 | +€34,107 | +193% |
| Operating profit (loss) | 9901 | €13,486 | €25,632 | +€12,145 | +90.1% |
| Financial income | 75/76B | €1,965 | €550 | -€1,415 | -72.0% |
| Recurring financial income | 75 | €1,965 | €550 | -€1,415 | -72.0% |
| Financial charges | 65/66B | €3,920 | €3,690 | -€230 | -5.9% |
| Recurring financial charges | 65 | €3,920 | €3,690 | -€230 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €11,531 | €22,492 | +€10,960 | +95.0% |
| Income taxes | 67/77 | €3,291 | €5,806 | +€2,515 | +76.4% |
| Profit (loss) for the period | 9904 | €8,240 | €16,685 | +€8,445 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €8,240 | €16,685 | +€8,445 | +102% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.