EFGECO: 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.
EFGECO
Largest movements
- Cash +€327,375
up €327,375 (+170.5%), from €192,000 to €519,375
mainly Receivables within one year (+€288,596) and Net result for the year (+€23,250)
- Receivables within one year -€288,596
down €288,596 (-61.6%), from €468,168 to €179,572
of which Other amounts receivable: -€305,000
- Reserves +€23,000
up €23,000 (+7.6%), from €301,496 to €324,496
of which Distributable reserves: +€23,000
- Tax, wage and social debts +€19,284
up €19,284 (+7.5%), from €255,976 to €275,260
of which Remuneration and social security: +€23,923
- Gross operating margin -€116,568
down €116,568 (-8.6%), from €1.4m to €1.2m
- Staff costs -€94,292
down €94,292 (-7.3%), from €1.3m to €1.2m
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 | €660,242 | €699,022 | +€38,779 | +5.9% |
| Fixed assets | 21/28 | €74 | €74 | = | 0.0% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €660,168 | €698,947 | +€38,779 | +5.9% |
| Amounts receivable within one year | 40/41 | €468,168 | €179,572 | -€288,596 | -61.6% |
| Trade receivables | 40 | €163,168 | €179,572 | +€16,404 | +10.1% |
| Other amounts receivable | 41 | €305,000 | €0 | -€305,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €192,000 | €519,375 | +€327,375 | +170.5% |
| Total equity and liabilities | 10/49 | €660,242 | €699,022 | +€38,779 | +5.9% |
| Equity | 10/15 | €379,312 | €402,562 | +€23,250 | +6.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €301,496 | €324,496 | +€23,000 | +7.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €749 | €749 | = | 0.0% |
| Distributable reserves | 133 | €294,550 | €317,550 | +€23,000 | +7.8% |
| Profit (loss) carried forward | 14 | €15,842 | €16,092 | +€250 | +1.6% |
| Amounts payable | 17/49 | €280,930 | €296,460 | +€15,529 | +5.5% |
| Amounts payable within one year | 42/48 | €280,881 | €296,391 | +€15,509 | +5.5% |
| Trade debts | 44 | €24,905 | €21,131 | -€3,774 | -15.2% |
| Suppliers | 440/4 | €24,905 | €21,131 | -€3,774 | -15.2% |
| Taxes, remuneration and social security | 45 | €255,976 | €275,260 | +€19,284 | +7.5% |
| Taxes | 450/3 | €91,998 | €87,358 | -€4,639 | -5.0% |
| Remuneration and social security | 454/9 | €163,979 | €187,902 | +€23,923 | +14.6% |
| Accrued charges and deferred income | 492/3 | €49 | €69 | +€20 | +40.8% |
| Remuneration, social security and pensions | 62 | €1,292,293 | €1,198,001 | -€94,292 | -7.3% |
| Other operating charges | 640/8 | €1,265 | €660 | -€605 | -47.8% |
| Gross operating margin | 9900 | €1,352,089 | €1,235,521 | -€116,568 | -8.6% |
| Operating profit (loss) | 9901 | €58,531 | €36,860 | -€21,671 | -37.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €2,307 | €853 | -€1,454 | -63.0% |
| Recurring financial charges | 65 | €2,307 | €853 | -€1,454 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €56,224 | €36,007 | -€20,218 | -36.0% |
| Income taxes | 67/77 | €19,207 | €12,757 | -€6,450 | -33.6% |
| Profit (loss) for the period | 9904 | €37,017 | €23,250 | -€13,768 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,017 | €23,250 | -€13,768 | -37.2% |
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 6 October 2026 via checked.be.