EFE TRANSPORT: 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 TRANSPORT
Largest movements
- Receivables within one year -€57,697
down €57,697 (-42.9%), from €134,577 to €76,880
of which Other amounts receivable: -€37,869
- Deferred charges and accrued income +€8,269
up €8,269 (+608%), from €1,361 to €9,630
- Tangible fixed assets -€7,046
down €7,046 (-3.7%), from €191,912 to €184,867
of which Leasing and similar rights: -€64,836
- Receivables after one year -€5,062
no longer reported in 2025 (was €5,062)
- Cash -€4,980
down €4,980 (-39.8%), from €12,527 to €7,547
mainly Investment in fixed assets (net) (-€68,668) and Net result for the year (-€47,552)
- Profit (loss) carried forward -€47,552
down €47,552, from €6,235 to -€41,317
- Trade debts +€33,679
up €33,679 (+209%), from €16,099 to €49,778
- Other debts -€33,500
no longer reported in 2025 (was €33,500)
- Current portion of long-term debt -€14,151
down €14,151 (-34.1%), from €41,496 to €27,345
- Accrued charges and deferred income -€9,423
down €9,423 (-23.7%), from €39,682 to €30,259
- Gross operating margin +€16,004
up €16,004 (+11.2%), from €142,932 to €158,936
- Financial charges +€5,959
up €5,959 (+66.2%), from €9,004 to €14,963
- Depreciation +€5,347
up €5,347 (+7.6%), from €70,367 to €75,713
- Staff costs -€5,317
down €5,317 (-5.1%), from €104,677 to €99,360
- Other operating charges -€4,184
down €4,184 (-32.3%), from €12,953 to €8,769
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 | €345,440 | €278,924 | -€66,516 | -19.3% |
| Fixed assets | 21/28 | €191,912 | €184,867 | -€7,046 | -3.7% |
| Tangible fixed assets | 22/27 | €191,912 | €184,867 | -€7,046 | -3.7% |
| Furniture and vehicles | 24 | €18,118 | €75,908 | +€57,790 | +319% |
| Leasing and similar rights | 25 | €173,794 | €108,959 | -€64,836 | -37.3% |
| Current assets | 29/58 | €153,527 | €94,057 | -€59,470 | -38.7% |
| Amounts receivable after more than one year | 29 | €5,062 | - | -€5,062 | |
| Trade receivables | 290 | €5,062 | - | -€5,062 | |
| Amounts receivable within one year | 40/41 | €134,577 | €76,880 | -€57,697 | -42.9% |
| Trade receivables | 40 | €41,806 | €21,978 | -€19,828 | -47.4% |
| Other amounts receivable | 41 | €92,772 | €54,902 | -€37,869 | -40.8% |
| Cash at bank and in hand | 54/58 | €12,527 | €7,547 | -€4,980 | -39.8% |
| Deferred charges and accrued income | 490/1 | €1,361 | €9,630 | +€8,269 | +608% |
| Total equity and liabilities | 10/49 | €345,440 | €278,924 | -€66,516 | -19.3% |
| Equity | 10/15 | €26,695 | -€20,857 | -€47,552 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,235 | -€41,317 | -€47,552 | |
| Amounts payable | 17/49 | €318,745 | €299,781 | -€18,964 | -5.9% |
| Amounts payable after more than one year | 17 | €143,162 | €140,152 | -€3,011 | -2.1% |
| Financial debts | 170/4 | €143,162 | €140,152 | -€3,011 | -2.1% |
| Amounts payable within one year | 42/48 | €135,901 | €129,370 | -€6,530 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €41,496 | €27,345 | -€14,151 | -34.1% |
| Financial debts | 43 | €9,959 | €11,848 | +€1,890 | +19.0% |
| Credit institutions | 430/8 | €9,959 | €11,848 | +€1,890 | +19.0% |
| Trade debts | 44 | €16,099 | €49,778 | +€33,679 | +209% |
| Suppliers | 440/4 | €16,099 | €49,778 | +€33,679 | +209% |
| Taxes, remuneration and social security | 45 | €34,847 | €40,398 | +€5,552 | +15.9% |
| Taxes | 450/3 | €20,023 | €12,976 | -€7,047 | -35.2% |
| Remuneration and social security | 454/9 | €14,823 | €27,422 | +€12,599 | +85.0% |
| Other amounts payable | 47/48 | €33,500 | - | -€33,500 | |
| Accrued charges and deferred income | 492/3 | €39,682 | €30,259 | -€9,423 | -23.7% |
| Remuneration, social security and pensions | 62 | €104,677 | €99,360 | -€5,317 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,367 | €75,713 | +€5,347 | +7.6% |
| Other operating charges | 640/8 | €12,953 | €8,769 | -€4,184 | -32.3% |
| Non-recurring operating charges | 66A | - | €11,684 | +€11,684 | |
| Gross operating margin | 9900 | €142,932 | €158,936 | +€16,004 | +11.2% |
| Operating profit (loss) | 9901 | -€45,065 | -€36,591 | +€8,474 | +18.8% |
| Financial income | 75/76B | €5,035 | €4,001 | -€1,034 | -20.5% |
| Recurring financial income | 75 | €5,035 | €4,001 | -€1,034 | -20.5% |
| Financial charges | 65/66B | €9,004 | €14,963 | +€5,959 | +66.2% |
| Recurring financial charges | 65 | €9,004 | €14,963 | +€5,959 | +66.2% |
| Profit (loss) for the period before taxes | 9903 | -€49,034 | -€47,552 | +€1,482 | +3.0% |
| Income taxes | 67/77 | €939 | - | -€939 | |
| Profit (loss) for the period | 9904 | -€49,973 | -€47,552 | +€2,421 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,973 | -€47,552 | +€2,421 | +4.8% |
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 30 October 2026 via checked.be.