EFH GUDEN: 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.
EFH GUDEN
Largest movements
- Cash -€15,979
down €15,979 (-37.7%), from €42,392 to €26,413
mainly Net result for the year (-€16,238) and Debts after one year (-€11,209)
- Tangible fixed assets -€12,943
down €12,943 (-17.3%), from €74,703 to €61,760
of which Furniture and vehicles: -€13,762
- Profit (loss) carried forward -€16,238
down €16,238 (-55.7%), from €29,140 to €12,902
- Debts after one year -€11,209
down €11,209 (-28.0%), from €40,086 to €28,877
- Trade debts -€4,253
down €4,253 (-12.7%), from €33,418 to €29,165
- Short-term financial debts +€1,839
new in 2025: €1,839
- Gross operating margin -€13,012
down €13,012 (-32.5%), from €40,094 to €27,082
- Depreciation +€3,421
up €3,421 (+19.9%), from €17,209 to €20,630
- Other operating charges +€1,422
up €1,422 (+29.8%), from €4,778 to €6,200
- Staff costs -€1,146
down €1,146 (-10.1%), from €11,340 to €10,194
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.
Derived cash bridge
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 | €139,388 | €109,427 | -€29,961 | -21.5% |
| Fixed assets | 21/28 | €75,113 | €62,170 | -€12,943 | -17.2% |
| Tangible fixed assets | 22/27 | €74,703 | €61,760 | -€12,943 | -17.3% |
| Plant, machinery and equipment | 23 | €4,461 | €5,280 | +€820 | +18.4% |
| Furniture and vehicles | 24 | €70,242 | €56,480 | -€13,762 | -19.6% |
| Financial fixed assets | 28 | €410 | €410 | = | 0.0% |
| Current assets | 29/58 | €64,275 | €47,257 | -€17,018 | -26.5% |
| Stocks and contracts in progress | 3 | €16,735 | €15,989 | -€746 | -4.5% |
| Stocks | 30/36 | €16,735 | €15,989 | -€746 | -4.5% |
| Amounts receivable within one year | 40/41 | €3,271 | €2,981 | -€291 | -8.9% |
| Other amounts receivable | 41 | €3,271 | €2,981 | -€291 | -8.9% |
| Cash at bank and in hand | 54/58 | €42,392 | €26,413 | -€15,979 | -37.7% |
| Deferred charges and accrued income | 490/1 | €1,878 | €1,876 | -€2 | -0.1% |
| Total equity and liabilities | 10/49 | €139,388 | €109,427 | -€29,961 | -21.5% |
| Equity | 10/15 | €49,600 | €33,362 | -€16,238 | -32.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,140 | €12,902 | -€16,238 | -55.7% |
| Amounts payable | 17/49 | €89,788 | €76,066 | -€13,723 | -15.3% |
| Amounts payable after more than one year | 17 | €40,086 | €28,877 | -€11,209 | -28.0% |
| Financial debts | 170/4 | €40,086 | €28,877 | -€11,209 | -28.0% |
| Amounts payable within one year | 42/48 | €49,000 | €47,188 | -€1,812 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €10,798 | €11,209 | +€410 | +3.8% |
| Financial debts | 43 | - | €1,839 | +€1,839 | |
| Credit institutions | 430/8 | - | €1,839 | +€1,839 | |
| Trade debts | 44 | €33,418 | €29,165 | -€4,253 | -12.7% |
| Suppliers | 440/4 | €33,418 | €29,165 | -€4,253 | -12.7% |
| Taxes, remuneration and social security | 45 | €4,784 | €4,976 | +€192 | +4.0% |
| Taxes | 450/3 | €747 | €374 | -€373 | -50.0% |
| Remuneration and social security | 454/9 | €4,037 | €4,602 | +€565 | +14.0% |
| Accrued charges and deferred income | 492/3 | €702 | - | -€702 | |
| Remuneration, social security and pensions | 62 | €11,340 | €10,194 | -€1,146 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,209 | €20,630 | +€3,421 | +19.9% |
| Other operating charges | 640/8 | €4,778 | €6,200 | +€1,422 | +29.8% |
| Non-recurring operating charges | 66A | - | €941 | +€941 | |
| Gross operating margin | 9900 | €40,094 | €27,082 | -€13,012 | -32.5% |
| Operating profit (loss) | 9901 | €6,768 | -€10,883 | -€17,651 | |
| Financial income | 75/76B | €0 | €307 | +€307 | +82,900% |
| Recurring financial income | 75 | €0 | €307 | +€307 | +82,900% |
| Financial charges | 65/66B | €5,181 | €5,526 | +€345 | +6.7% |
| Recurring financial charges | 65 | €5,181 | €5,526 | +€345 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €1,587 | -€16,102 | -€17,689 | |
| Income taxes | 67/77 | €46 | €136 | +€90 | +194% |
| Profit (loss) for the period | 9904 | €1,541 | -€16,238 | -€17,779 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,541 | -€16,238 | -€17,779 |
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 23 October 2026 via checked.be.