EFECAN: 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.
EFECAN
Largest movements
- Receivables within one year +€39,468
up €39,468 (+35.8%), from €110,301 to €149,769
of which Trade receivables: +€23,031
- Deferred charges and accrued income -€17,474
down €17,474 (-95.2%), from €18,357 to €882
- Cash -€7,074
down €7,074 (-83.3%), from €8,490 to €1,416
mainly Receivables within one year (-€39,468) and Tax, wage and social debts (-€20,463)
- Profit (loss) carried forward +€27,266
up €27,266 (+133.5%), from €20,419 to €47,684
- Tax, wage and social debts -€20,463
down €20,463 (-90.0%), from €22,729 to €2,266
of which Remuneration and social security: -€21,688
- Trade debts +€8,125
up €8,125 (+7.9%), from €102,528 to €110,653
- Depreciation -€23,614
no longer reported in 2025 (was €23,614)
- Gross operating margin +€7,235
up €7,235 (+35.2%), from €20,582 to €27,818
- Financial charges -€3,093
down €3,093 (-91.8%), from €3,369 to €275
- Taxes +€1,154
new in 2025: €1,154
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 | €237,148 | €252,068 | +€14,920 | +6.3% |
| Fixed assets | 21/28 | €100,000 | €100,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €100,000 | €100,000 | = | 0.0% |
| Land and buildings | 22 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €137,148 | €152,068 | +€14,920 | +10.9% |
| Amounts receivable within one year | 40/41 | €110,301 | €149,769 | +€39,468 | +35.8% |
| Trade receivables | 40 | €92,231 | €115,262 | +€23,031 | +25.0% |
| Other amounts receivable | 41 | €18,070 | €34,507 | +€16,437 | +91.0% |
| Cash at bank and in hand | 54/58 | €8,490 | €1,416 | -€7,074 | -83.3% |
| Deferred charges and accrued income | 490/1 | €18,357 | €882 | -€17,474 | -95.2% |
| Total equity and liabilities | 10/49 | €237,148 | €252,068 | +€14,920 | +6.3% |
| Equity | 10/15 | €88,619 | €115,884 | +€27,266 | +30.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,419 | €47,684 | +€27,266 | +133.5% |
| Amounts payable | 17/49 | €148,529 | €136,183 | -€12,346 | -8.3% |
| Amounts payable after more than one year | 17 | €16,000 | €16,000 | = | 0.0% |
| Other amounts payable | 178/9 | €16,000 | €16,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €132,529 | €120,183 | -€12,346 | -9.3% |
| Financial debts | 43 | €272 | €264 | -€7 | -2.7% |
| Credit institutions | 430/8 | €272 | €264 | -€7 | -2.7% |
| Trade debts | 44 | €102,528 | €110,653 | +€8,125 | +7.9% |
| Suppliers | 440/4 | €102,528 | €110,653 | +€8,125 | +7.9% |
| Taxes, remuneration and social security | 45 | €22,729 | €2,266 | -€20,463 | -90.0% |
| Taxes | 450/3 | €1,041 | €2,266 | +€1,225 | +117.7% |
| Remuneration and social security | 454/9 | €21,688 | - | -€21,688 | |
| Other amounts payable | 47/48 | €7,000 | €7,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,614 | - | -€23,614 | |
| Other operating charges | 640/8 | €224 | €262 | +€38 | +17.0% |
| Gross operating margin | 9900 | €20,582 | €27,818 | +€7,235 | +35.2% |
| Operating profit (loss) | 9901 | -€3,256 | €27,556 | +€30,812 | |
| Financial income | 75/76B | €891 | €1,140 | +€249 | +27.9% |
| Recurring financial income | 75 | €891 | €1,140 | +€249 | +27.9% |
| Financial charges | 65/66B | €3,369 | €275 | -€3,093 | -91.8% |
| Recurring financial charges | 65 | €3,369 | €275 | -€3,093 | -91.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,734 | €28,420 | +€34,154 | |
| Income taxes | 67/77 | - | €1,154 | +€1,154 | |
| Profit (loss) for the period | 9904 | -€5,734 | €27,266 | +€32,999 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,734 | €27,266 | +€32,999 |
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 11 October 2026 via checked.be.