EFI BELGIUM: 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.
EFI BELGIUM
Largest movements
- Cash -€99,693
down €99,693 (-33.9%), from €294,279 to €194,586
mainly Net result for the year (-€234,731) and Receivables within one year (-€38,024)
- Receivables within one year +€38,024
up €38,024 (+1.8%), from €2.1m to €2.1m
of which Trade receivables: +€44,463
- Profit (loss) carried forward -€234,731
down €234,731 (-25.1%), from -€934,291 to -€1.2m
- Tax, wage and social debts +€205,689
up €205,689 (+49.0%), from €419,926 to €625,615
of which Remuneration and social security: +€134,003
- Other debts -€35,695
down €35,695 (-11.2%), from €317,392 to €281,697
- Financial charges +€411,547
up €411,547 (+10,793%), from €3,813 to €415,360
- Financial income -€159,137
down €159,137 (-99.9%), from €159,248 to €111
- Taxes -€135,998
down €135,998 (-97.8%), from €139,109 to €3,110
- Gross operating margin -€97,016
down €97,016 (-4.3%), from €2.3m to €2.2m
- Staff costs -€89,797
down €89,797 (-4.3%), from €2.1m to €2.0m
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 | €2,383,989 | €2,317,612 | -€66,377 | -2.8% |
| Fixed assets | 21/28 | €10,891 | €5,481 | -€5,409 | -49.7% |
| Tangible fixed assets | 22/27 | €10,891 | €5,481 | -€5,409 | -49.7% |
| Plant, machinery and equipment | 23 | €10,891 | €5,481 | -€5,409 | -49.7% |
| Current assets | 29/58 | €2,373,098 | €2,312,130 | -€60,968 | -2.6% |
| Amounts receivable within one year | 40/41 | €2,077,526 | €2,115,550 | +€38,024 | +1.8% |
| Trade receivables | 40 | €203,017 | €247,480 | +€44,463 | +21.9% |
| Other amounts receivable | 41 | €1,874,509 | €1,868,071 | -€6,438 | -0.3% |
| Cash at bank and in hand | 54/58 | €294,279 | €194,586 | -€99,693 | -33.9% |
| Deferred charges and accrued income | 490/1 | €1,293 | €1,994 | +€701 | +54.2% |
| Total equity and liabilities | 10/49 | €2,383,989 | €2,317,612 | -€66,377 | -2.8% |
| Equity | 10/15 | €1,537,782 | €1,303,051 | -€234,731 | -15.3% |
| Contributions | 10/11 | €2,472,073 | €2,472,073 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€934,291 | -€1,169,021 | -€234,731 | -25.1% |
| Amounts payable | 17/49 | €846,207 | €1,014,560 | +€168,354 | +19.9% |
| Amounts payable within one year | 42/48 | €816,207 | €980,560 | +€164,354 | +20.1% |
| Trade debts | 44 | €78,889 | €73,248 | -€5,641 | -7.2% |
| Suppliers | 440/4 | €78,889 | €73,248 | -€5,641 | -7.2% |
| Taxes, remuneration and social security | 45 | €419,926 | €625,615 | +€205,689 | +49.0% |
| Taxes | 450/3 | €140,854 | €212,540 | +€71,687 | +50.9% |
| Remuneration and social security | 454/9 | €279,072 | €413,075 | +€134,003 | +48.0% |
| Other amounts payable | 47/48 | €317,392 | €281,697 | -€35,695 | -11.2% |
| Accrued charges and deferred income | 492/3 | €30,000 | €34,000 | +€4,000 | +13.3% |
| Remuneration, social security and pensions | 62 | €2,068,480 | €1,978,683 | -€89,797 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,406 | €5,409 | +€3 | +0.1% |
| Other operating charges | 640/8 | €963 | €0 | -€963 | -100% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,264,737 | €2,167,721 | -€97,016 | -4.3% |
| Operating profit (loss) | 9901 | €189,888 | €183,629 | -€6,259 | -3.3% |
| Financial income | 75/76B | €159,248 | €111 | -€159,137 | -99.9% |
| Recurring financial income | 75 | €159,248 | €111 | -€159,137 | -99.9% |
| Financial charges | 65/66B | €3,813 | €415,360 | +€411,547 | +10,793% |
| Recurring financial charges | 65 | €3,813 | €415,360 | +€411,547 | +10,793% |
| Profit (loss) for the period before taxes | 9903 | €345,323 | -€231,620 | -€576,943 | |
| Income taxes | 67/77 | €139,109 | €3,110 | -€135,998 | -97.8% |
| Profit (loss) for the period | 9904 | €206,214 | -€234,731 | -€440,945 | |
| Profit (loss) for the period to be appropriated | 9905 | €206,214 | -€234,731 | -€440,945 |
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 31 October 2026 via checked.be.