EFE-ENGINEERING: 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.
EFE-ENGINEERING
Largest movements
- Receivables within one year -€35,518
down €35,518 (-34.2%), from €103,886 to €68,369
of which Other amounts receivable: -€35,887
- Cash +€33,324
up €33,324 (+138.7%), from €24,019 to €57,343
mainly Receivables within one year (+€35,518) and Depreciation (+€23,569)
- Tangible fixed assets -€19,569
down €19,569 (-19.1%), from €102,399 to €82,831
of which Furniture and vehicles: -€22,983
- Deferred charges and accrued income +€5,137
new in 2025: €5,137
- Debts after one year -€15,642
down €15,642 (-27.1%), from €57,727 to €42,084
- Financial income -€17,185
down €17,185 (-82.0%), from €20,948 to €3,763
of which Non-recurring financial income: -€16,688
- Depreciation +€10,860
up €10,860 (+85.4%), from €12,709 to €23,569
- Taxes -€8,035
down €8,035 (-93.1%), from €8,635 to €600
- Gross operating margin -€2,917
down €2,917 (-10.9%), from €26,741 to €23,824
- Other operating charges -€807
down €807 (-57.3%), from €1,408 to €601
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 | €230,304 | €213,679 | -€16,625 | -7.2% |
| Fixed assets | 21/28 | €102,399 | €82,831 | -€19,569 | -19.1% |
| Tangible fixed assets | 22/27 | €102,399 | €82,831 | -€19,569 | -19.1% |
| Plant, machinery and equipment | 23 | - | €3,415 | +€3,415 | |
| Furniture and vehicles | 24 | €102,399 | €79,416 | -€22,983 | -22.4% |
| Current assets | 29/58 | €127,905 | €130,849 | +€2,943 | +2.3% |
| Amounts receivable within one year | 40/41 | €103,886 | €68,369 | -€35,518 | -34.2% |
| Trade receivables | 40 | €10,309 | €10,678 | +€369 | +3.6% |
| Other amounts receivable | 41 | €93,577 | €57,691 | -€35,887 | -38.3% |
| Cash at bank and in hand | 54/58 | €24,019 | €57,343 | +€33,324 | +138.7% |
| Deferred charges and accrued income | 490/1 | - | €5,137 | +€5,137 | |
| Total equity and liabilities | 10/49 | €230,304 | €213,679 | -€16,625 | -7.2% |
| Equity | 10/15 | €143,133 | €142,641 | -€492 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Distributable reserves | 133 | €21,860 | €21,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,673 | €102,181 | -€492 | -0.5% |
| Amounts payable | 17/49 | €87,172 | €71,038 | -€16,133 | -18.5% |
| Amounts payable after more than one year | 17 | €57,727 | €42,084 | -€15,642 | -27.1% |
| Financial debts | 170/4 | €57,727 | €42,084 | -€15,642 | -27.1% |
| Amounts payable within one year | 42/48 | €29,445 | €28,954 | -€491 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €15,003 | €15,642 | +€639 | +4.3% |
| Trade debts | 44 | €137 | €1,238 | +€1,101 | +800.5% |
| Suppliers | 440/4 | €137 | €1,238 | +€1,101 | +800.5% |
| Taxes, remuneration and social security | 45 | €14,304 | €12,074 | -€2,231 | -15.6% |
| Taxes | 450/3 | €14,304 | €12,074 | -€2,231 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,709 | €23,569 | +€10,860 | +85.4% |
| Other operating charges | 640/8 | €1,408 | €601 | -€807 | -57.3% |
| Gross operating margin | 9900 | €26,741 | €23,824 | -€2,917 | -10.9% |
| Operating profit (loss) | 9901 | €12,624 | -€346 | -€12,970 | |
| Financial income | 75/76B | €20,948 | €3,763 | -€17,185 | -82.0% |
| Recurring financial income | 75 | €4,260 | €3,763 | -€497 | -11.7% |
| Non-recurring financial income | 76B | €16,688 | - | -€16,688 | |
| Financial charges | 65/66B | €2,727 | €3,309 | +€582 | +21.3% |
| Recurring financial charges | 65 | €2,727 | €3,309 | +€582 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €30,845 | €108 | -€30,737 | -99.6% |
| Income taxes | 67/77 | €8,635 | €600 | -€8,035 | -93.1% |
| Profit (loss) for the period | 9904 | €22,210 | -€492 | -€22,702 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,210 | -€492 | -€22,702 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.