EFG: 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.
EFG
Largest movements
- Tangible fixed assets +€16,669
up €16,669 (+76.1%), from €21,911 to €38,580
of which Furniture and vehicles: +€26,361
- Deferred charges and accrued income +€2,176
up €2,176 (+206.3%), from €1,055 to €3,231
- Receivables within one year +€1,563
up €1,563 (+4.2%), from €37,073 to €38,636
of which Trade receivables: +€12,168
- Trade debts +€17,043
up €17,043 (+113.5%), from €15,021 to €32,065
- Current portion of long-term debt +€12,267
up €12,267 (+165.7%), from €7,404 to €19,671
- Profit (loss) carried forward -€6,912
down €6,912 (-42.2%), from -€16,372 to -€23,283
- Tax, wage and social debts -€4,253
down €4,253 (-69.7%), from €6,103 to €1,850
- Debts after one year +€2,964
up €2,964 (+32.8%), from €9,047 to €12,010
- Gross operating margin +€16,358
up €16,358, from -€4,118 to €12,241
- Depreciation +€5,964
up €5,964 (+54.0%), from €11,047 to €17,011
- Financial charges +€1,456
up €1,456 (+99.5%), from €1,463 to €2,920
- Taxes -€414
down €414, from €14 to -€401
- Other operating charges -€287
down €287 (-34.5%), from €832 to €545
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 | €60,828 | €81,938 | +€21,109 | +34.7% |
| Fixed assets | 21/28 | €21,911 | €38,580 | +€16,669 | +76.1% |
| Tangible fixed assets | 22/27 | €21,911 | €38,580 | +€16,669 | +76.1% |
| Plant, machinery and equipment | 23 | €5,645 | €3,540 | -€2,105 | -37.3% |
| Furniture and vehicles | 24 | €1,458 | €27,819 | +€26,361 | +1807.5% |
| Leasing and similar rights | 25 | €14,807 | €7,221 | -€7,587 | -51.2% |
| Current assets | 29/58 | €38,917 | €43,357 | +€4,440 | +11.4% |
| Amounts receivable within one year | 40/41 | €37,073 | €38,636 | +€1,563 | +4.2% |
| Trade receivables | 40 | €8,155 | €20,322 | +€12,168 | +149.2% |
| Other amounts receivable | 41 | €28,919 | €18,314 | -€10,605 | -36.7% |
| Cash at bank and in hand | 54/58 | €789 | €1,490 | +€701 | +88.8% |
| Deferred charges and accrued income | 490/1 | €1,055 | €3,231 | +€2,176 | +206.3% |
| Total equity and liabilities | 10/49 | €60,828 | €81,938 | +€21,109 | +34.7% |
| Equity | 10/15 | €23,253 | €16,342 | -€6,912 | -29.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €37,625 | €37,625 | = | 0.0% |
| Distributable reserves | 133 | €37,625 | €37,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,372 | -€23,283 | -€6,912 | -42.2% |
| Amounts payable | 17/49 | €37,575 | €65,596 | +€28,021 | +74.6% |
| Amounts payable after more than one year | 17 | €9,047 | €12,010 | +€2,964 | +32.8% |
| Financial debts | 170/4 | €9,047 | €12,010 | +€2,964 | +32.8% |
| Amounts payable within one year | 42/48 | €28,528 | €53,586 | +€25,057 | +87.8% |
| Current portion of amounts payable after more than one year | 42 | €7,404 | €19,671 | +€12,267 | +165.7% |
| Trade debts | 44 | €15,021 | €32,065 | +€17,043 | +113.5% |
| Suppliers | 440/4 | €15,021 | €32,065 | +€17,043 | +113.5% |
| Taxes, remuneration and social security | 45 | €6,103 | €1,850 | -€4,253 | -69.7% |
| Taxes | 450/3 | €6,103 | €1,850 | -€4,253 | -69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,047 | €17,011 | +€5,964 | +54.0% |
| Other operating charges | 640/8 | €832 | €545 | -€287 | -34.5% |
| Gross operating margin | 9900 | -€4,118 | €12,241 | +€16,358 | |
| Operating profit (loss) | 9901 | -€15,997 | -€5,315 | +€10,681 | +66.8% |
| Financial income | 75/76B | €1,102 | €923 | -€179 | -16.3% |
| Recurring financial income | 75 | €1,102 | €923 | -€179 | -16.3% |
| Financial charges | 65/66B | €1,463 | €2,920 | +€1,456 | +99.5% |
| Recurring financial charges | 65 | €1,463 | €2,920 | +€1,456 | +99.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,358 | -€7,312 | +€9,046 | +55.3% |
| Income taxes | 67/77 | €14 | -€401 | -€414 | |
| Profit (loss) for the period | 9904 | -€16,372 | -€6,912 | +€9,460 | +57.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,372 | -€6,912 | +€9,460 | +57.8% |
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 10 October 2026 via checked.be.