EFE PROJECTS: 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 PROJECTS
Largest movements
- Deferred charges and accrued income +€5,036
up €5,036 (+59,527%), from €8 to €5,044
- Receivables within one year -€3,879
down €3,879 (-11.0%), from €35,133 to €31,253
of which Trade receivables: -€2,359
- Cash -€1,517
no longer reported in 2025 (was €1,517)
mainly Net result for the year (-€6,066) and Deferred charges and accrued income (-€5,036)
- Profit (loss) carried forward -€6,066
new in 2025: -€6,066
- Short-term financial debts +€3,504
new in 2025: €3,504
- Other debts +€2,365
new in 2025: €2,365
- Tax, wage and social debts -€1,236
down €1,236 (-23.4%), from €5,272 to €4,036
- Trade debts +€714
up €714 (+46.1%), from €1,547 to €2,261
- Gross operating margin -€6,188
down €6,188, from €3,288 to -€2,900
- Taxes -€620
down €620 (-81.5%), from €761 to €141
- Other operating charges +€419
up €419 (+48.8%), from €859 to €1,278
- Financial charges +€410
up €410 (+41.9%), from €979 to €1,390
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 | €45,757 | €45,037 | -€720 | -1.6% |
| Fixed assets | 21/28 | €598 | €239 | -€359 | -60.0% |
| Tangible fixed assets | 22/27 | €598 | €239 | -€359 | -60.0% |
| Furniture and vehicles | 24 | €598 | €239 | -€359 | -60.0% |
| Current assets | 29/58 | €45,158 | €44,798 | -€360 | -0.8% |
| Stocks and contracts in progress | 3 | €8,500 | €8,500 | = | 0.0% |
| Stocks | 30/36 | €8,500 | €8,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,133 | €31,253 | -€3,879 | -11.0% |
| Trade receivables | 40 | €12,417 | €10,058 | -€2,359 | -19.0% |
| Other amounts receivable | 41 | €22,715 | €21,195 | -€1,520 | -6.7% |
| Cash at bank and in hand | 54/58 | €1,517 | - | -€1,517 | |
| Deferred charges and accrued income | 490/1 | €8 | €5,044 | +€5,036 | +59,527% |
| Total equity and liabilities | 10/49 | €45,757 | €45,037 | -€720 | -1.6% |
| Equity | 10/15 | €38,938 | €32,871 | -€6,066 | -15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,338 | €20,338 | = | 0.0% |
| Distributable reserves | 133 | €20,338 | €20,338 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,066 | -€6,066 | |
| Amounts payable | 17/49 | €6,819 | €12,166 | +€5,347 | +78.4% |
| Amounts payable within one year | 42/48 | €6,819 | €12,166 | +€5,347 | +78.4% |
| Financial debts | 43 | - | €3,504 | +€3,504 | |
| Credit institutions | 430/8 | - | €3,504 | +€3,504 | |
| Trade debts | 44 | €1,547 | €2,261 | +€714 | +46.1% |
| Suppliers | 440/4 | €1,547 | €2,261 | +€714 | +46.1% |
| Taxes, remuneration and social security | 45 | €5,272 | €4,036 | -€1,236 | -23.4% |
| Taxes | 450/3 | €5,272 | €4,036 | -€1,236 | -23.4% |
| Other amounts payable | 47/48 | - | €2,365 | +€2,365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359 | €359 | = | 0.0% |
| Other operating charges | 640/8 | €859 | €1,278 | +€419 | +48.8% |
| Gross operating margin | 9900 | €3,288 | -€2,900 | -€6,188 | |
| Operating profit (loss) | 9901 | €2,070 | -€4,538 | -€6,607 | |
| Financial income | 75/76B | €1 | €2 | +€1 | +113% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +113% |
| Financial charges | 65/66B | €979 | €1,390 | +€410 | +41.9% |
| Recurring financial charges | 65 | €979 | €1,390 | +€410 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €1,091 | -€5,925 | -€7,017 | |
| Income taxes | 67/77 | €761 | €141 | -€620 | -81.5% |
| Profit (loss) for the period | 9904 | €331 | -€6,066 | -€6,397 | |
| Profit (loss) for the period to be appropriated | 9905 | €331 | -€6,066 | -€6,397 |
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 13 October 2026 via checked.be.