EFG Distribution: 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.
EFG Distribution
Largest movements
- Financial fixed assets +€22,000
up €22,000 (+34.2%), from €64,367 to €86,367
- Receivables within one year -€21,777
down €21,777 (-21.8%), from €100,034 to €78,257
of which Trade receivables: -€20,981
- Cash +€14,308
up €14,308 (+544.8%), from €2,626 to €16,934
mainly Receivables within one year (+€21,777) and Other debts (+€13,652)
- Tangible fixed assets -€6,490
down €6,490 (-57.2%), from €11,341 to €4,851
of which Furniture and vehicles: -€6,163
- Other debts +€13,652
up €13,652 (+21.4%), from €63,649 to €77,301
- Trade debts +€7,556
up €7,556 (+200.6%), from €3,767 to €11,323
- Current portion of long-term debt -€5,000
no longer reported in 2025 (was €5,000)
- Profit (loss) carried forward -€4,238
down €4,238 (-11.9%), from €35,566 to €31,328
- Tax, wage and social debts -€4,077
down €4,077 (-73.3%), from €5,559 to €1,482
- Gross operating margin -€2,487
down €2,487 (-34.6%), from €7,192 to €4,706
- Financial income -€2,188
down €2,188 (-76.0%), from €2,880 to €691
- Taxes -€1,264
down €1,264 (-34.5%), from €3,661 to €2,397
- Depreciation +€213
up €213 (+3.4%), from €6,277 to €6,490
- Financial charges +€107
up €107 (+230.1%), from €46 to €153
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 | €178,758 | €186,651 | +€7,893 | +4.4% |
| Fixed assets | 21/28 | €75,709 | €91,219 | +€15,510 | +20.5% |
| Tangible fixed assets | 22/27 | €11,341 | €4,851 | -€6,490 | -57.2% |
| Furniture and vehicles | 24 | €8,712 | €2,549 | -€6,163 | -70.7% |
| Other tangible fixed assets | 26 | €2,629 | €2,302 | -€328 | -12.5% |
| Financial fixed assets | 28 | €64,367 | €86,367 | +€22,000 | +34.2% |
| Current assets | 29/58 | €103,049 | €95,432 | -€7,617 | -7.4% |
| Amounts receivable within one year | 40/41 | €100,034 | €78,257 | -€21,777 | -21.8% |
| Trade receivables | 40 | €31,158 | €10,176 | -€20,981 | -67.3% |
| Other amounts receivable | 41 | €68,876 | €68,081 | -€795 | -1.2% |
| Cash at bank and in hand | 54/58 | €2,626 | €16,934 | +€14,308 | +544.8% |
| Deferred charges and accrued income | 490/1 | €390 | €242 | -€148 | -38.0% |
| Total equity and liabilities | 10/49 | €178,758 | €186,651 | +€7,893 | +4.4% |
| Equity | 10/15 | €100,782 | €96,544 | -€4,238 | -4.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €44,756 | €44,756 | = | 0.0% |
| Distributable reserves | 133 | €44,756 | €44,756 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,566 | €31,328 | -€4,238 | -11.9% |
| Amounts payable | 17/49 | €77,976 | €90,107 | +€12,131 | +15.6% |
| Amounts payable within one year | 42/48 | €77,976 | €90,107 | +€12,131 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | - | -€5,000 | |
| Trade debts | 44 | €3,767 | €11,323 | +€7,556 | +200.6% |
| Suppliers | 440/4 | €3,767 | €11,323 | +€7,556 | +200.6% |
| Taxes, remuneration and social security | 45 | €5,559 | €1,482 | -€4,077 | -73.3% |
| Taxes | 450/3 | €5,559 | €1,482 | -€4,077 | -73.3% |
| Other amounts payable | 47/48 | €63,649 | €77,301 | +€13,652 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,277 | €6,490 | +€213 | +3.4% |
| Other operating charges | 640/8 | €506 | €595 | +€88 | +17.5% |
| Gross operating margin | 9900 | €7,192 | €4,706 | -€2,487 | -34.6% |
| Operating profit (loss) | 9901 | €409 | -€2,379 | -€2,788 | |
| Financial income | 75/76B | €2,880 | €691 | -€2,188 | -76.0% |
| Recurring financial income | 75 | €2,880 | €691 | -€2,188 | -76.0% |
| Financial charges | 65/66B | €46 | €153 | +€107 | +230.1% |
| Recurring financial charges | 65 | €46 | €153 | +€107 | +230.1% |
| Profit (loss) for the period before taxes | 9903 | €3,242 | -€1,841 | -€5,083 | |
| Income taxes | 67/77 | €3,661 | €2,397 | -€1,264 | -34.5% |
| Profit (loss) for the period | 9904 | -€419 | -€4,238 | -€3,819 | -911.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€419 | -€4,238 | -€3,819 | -911.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.