Efemco: 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.
Efemco
Largest movements
- Receivables within one year +€106,645
up €106,645 (+278.1%), from €38,350 to €144,995
of which Other amounts receivable: +€112,131
- Tangible fixed assets +€11,015
up €11,015 (+8.7%), from €125,994 to €137,010
of which Furniture and vehicles: +€9,784
- Cash +€8,136
up €8,136 (+4.9%), from €165,954 to €174,090
mainly Other debts (+€200,000) and Net result for the year (+€132,772)
- Other debts +€200,000
new in 2025: €200,000
- Profit (loss) carried forward -€67,228
down €67,228 (-37.5%), from €179,450 to €112,222
- Debts after one year -€14,857
down €14,857 (-16.9%), from €87,831 to €72,974
- Trade debts +€6,406
up €6,406 (+807.4%), from €793 to €7,200
- Gross operating margin -€12,249
down €12,249 (-5.2%), from €235,241 to €222,992
- Depreciation +€7,016
up €7,016 (+25.0%), from €28,117 to €35,133
- Other operating charges -€4,399
down €4,399 (-64.4%), from €6,829 to €2,429
- Financial income +€4,036
new in 2025: €4,036
- Financial charges +€3,780
up €3,780 (+75.4%), from €5,016 to €8,796
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 | €332,953 | €458,189 | +€125,236 | +37.6% |
| Fixed assets | 21/28 | €125,994 | €137,010 | +€11,015 | +8.7% |
| Tangible fixed assets | 22/27 | €125,994 | €137,010 | +€11,015 | +8.7% |
| Furniture and vehicles | 24 | €116,644 | €126,428 | +€9,784 | +8.4% |
| Other tangible fixed assets | 26 | €9,350 | €10,582 | +€1,232 | +13.2% |
| Current assets | 29/58 | €206,959 | €321,180 | +€114,221 | +55.2% |
| Amounts receivable within one year | 40/41 | €38,350 | €144,995 | +€106,645 | +278.1% |
| Trade receivables | 40 | €32,471 | €26,985 | -€5,486 | -16.9% |
| Other amounts receivable | 41 | €5,879 | €118,010 | +€112,131 | +1907.4% |
| Cash at bank and in hand | 54/58 | €165,954 | €174,090 | +€8,136 | +4.9% |
| Deferred charges and accrued income | 490/1 | €2,655 | €2,095 | -€560 | -21.1% |
| Total equity and liabilities | 10/49 | €332,953 | €458,189 | +€125,236 | +37.6% |
| Equity | 10/15 | €180,950 | €113,722 | -€67,228 | -37.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,450 | €112,222 | -€67,228 | -37.5% |
| Amounts payable | 17/49 | €152,003 | €344,468 | +€192,465 | +126.6% |
| Amounts payable after more than one year | 17 | €87,831 | €72,974 | -€14,857 | -16.9% |
| Financial debts | 170/4 | €87,831 | €72,974 | -€14,857 | -16.9% |
| Amounts payable within one year | 42/48 | €64,172 | €271,494 | +€207,322 | +323.1% |
| Current portion of amounts payable after more than one year | 42 | €52,240 | €51,453 | -€787 | -1.5% |
| Trade debts | 44 | €793 | €7,200 | +€6,406 | +807.4% |
| Suppliers | 440/4 | €793 | €7,200 | +€6,406 | +807.4% |
| Taxes, remuneration and social security | 45 | €11,138 | €12,841 | +€1,702 | +15.3% |
| Taxes | 450/3 | €11,138 | €12,841 | +€1,702 | +15.3% |
| Other amounts payable | 47/48 | - | €200,000 | +€200,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,117 | €35,133 | +€7,016 | +25.0% |
| Other operating charges | 640/8 | €6,829 | €2,429 | -€4,399 | -64.4% |
| Gross operating margin | 9900 | €235,241 | €222,992 | -€12,249 | -5.2% |
| Operating profit (loss) | 9901 | €200,295 | €185,430 | -€14,866 | -7.4% |
| Financial income | 75/76B | - | €4,036 | +€4,036 | |
| Recurring financial income | 75 | - | €4,036 | +€4,036 | |
| Financial charges | 65/66B | €5,016 | €8,796 | +€3,780 | +75.4% |
| Recurring financial charges | 65 | €5,016 | €8,796 | +€3,780 | +75.4% |
| Profit (loss) for the period before taxes | 9903 | €195,280 | €180,670 | -€14,609 | -7.5% |
| Income taxes | 67/77 | €51,057 | €47,899 | -€3,159 | -6.2% |
| Profit (loss) for the period | 9904 | €144,222 | €132,772 | -€11,451 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €144,222 | €132,772 | -€11,451 | -7.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.