EFES: 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.
EFES
Largest movements
- Cash +€7,002
new in 2020: €7,002
mainly Tax, wage and social debts (+€45,928) and Trade debts (+€7,447)
- Receivables within one year +€4,845
new in 2020: €4,845
- Current investments -€4,462
no longer reported in 2020 (was €4,462)
- Stocks and contracts -€3,551
down €3,551 (-57.0%), from €6,235 to €2,684
- Other debts -€49,191
no longer reported in 2020 (was €49,191)
- Tax, wage and social debts +€45,928
up €45,928 (+25658.1%), from €179 to €46,107
of which Remuneration and social security: +€45,511
- Trade debts +€7,447
up €7,447 (+199.1%), from €3,741 to €11,188
- Profit (loss) carried forward -€458
down €458 (-0.7%), from -€62,422 to -€62,880
- Purchases and services -€55,738
no longer reported in 2020 (was €55,738)
- Turnover -€55,348
no longer reported in 2020 (was €55,348)
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,016 | €14,743 | +€3,727 | +33.8% |
| Fixed assets | 21/28 | €319 | €212 | -€107 | -33.5% |
| Tangible fixed assets | 22/27 | €215 | €107 | -€108 | -50.2% |
| Furniture and vehicles | 24 | €215 | €107 | -€108 | -50.2% |
| Financial fixed assets | 28 | €104 | €104 | = | 0.0% |
| Current assets | 29/58 | €10,697 | €14,531 | +€3,834 | +35.8% |
| Stocks and contracts in progress | 3 | €6,235 | €2,684 | -€3,551 | -57.0% |
| Stocks | 30/36 | €6,235 | €2,684 | -€3,551 | -57.0% |
| Amounts receivable within one year | 40/41 | - | €4,845 | +€4,845 | |
| Other amounts receivable | 41 | - | €4,845 | +€4,845 | |
| Current investments | 50/53 | €4,462 | - | -€4,462 | |
| Cash at bank and in hand | 54/58 | - | €7,002 | +€7,002 | |
| Total equity and liabilities | 10/49 | €11,016 | €14,743 | +€3,727 | +33.8% |
| Equity | 10/15 | -€42,095 | -€42,552 | -€457 | -1.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,735 | €1,735 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,735 | +€1,735 | |
| Legal reserve | 130 | €1,735 | €1,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,422 | -€62,880 | -€458 | -0.7% |
| Amounts payable | 17/49 | €53,111 | €57,295 | +€4,184 | +7.9% |
| Amounts payable within one year | 42/48 | €53,111 | €57,295 | +€4,184 | +7.9% |
| Trade debts | 44 | €3,741 | €11,188 | +€7,447 | +199.1% |
| Suppliers | 440/4 | €3,741 | €11,188 | +€7,447 | +199.1% |
| Taxes, remuneration and social security | 45 | €179 | €46,107 | +€45,928 | +25658.1% |
| Taxes | 450/3 | €179 | €596 | +€417 | +233.0% |
| Remuneration and social security | 454/9 | - | €45,511 | +€45,511 | |
| Other amounts payable | 47/48 | €49,191 | - | -€49,191 | |
| Turnover | 70 | €55,348 | - | -€55,348 | |
| Goods, raw materials, services and sundry goods | 60/61 | €55,738 | - | -€55,738 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107 | €107 | = | 0.0% |
| Other operating charges | 640/8 | €556 | €348 | -€208 | -37.4% |
| Gross operating margin | 9900 | -€220 | €89 | +€309 | |
| Operating profit (loss) | 9901 | -€883 | -€366 | +€517 | +58.6% |
| Financial charges | 65/66B | €76 | €91 | +€15 | +19.7% |
| Recurring financial charges | 65 | €76 | €91 | +€15 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | -€959 | -€457 | +€502 | +52.3% |
| Profit (loss) for the period | 9904 | -€959 | -€457 | +€502 | +52.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€959 | -€457 | +€502 | +52.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.