EFIBE: 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.
EFIBE
Largest movements
- Receivables within one year +€50,953
up €50,953 (+245%), from €20,778 to €71,731
of which Trade receivables: +€31,671
- Cash -€48,202
down €48,202 (-85.3%), from €56,489 to €8,287
mainly Trade debts (-€109,896) and Receivables within one year (-€50,953)
- Receivables after one year -€38,166
down €38,166 (-5.3%), from €720,199 to €682,033
- Deferred charges and accrued income -€10,843
down €10,843 (-47.3%), from €22,934 to €12,091
- Trade debts -€109,896
down €109,896 (-71.6%), from €153,576 to €43,679
- Debts after one year +€56,350
up €56,350 (+111%), from €50,870 to €107,220
- Gross operating margin +€60,714
up €60,714 (+305%), from €19,905 to €80,618
- Staff costs +€37,160
up €37,160 (+588%), from €6,318 to €43,478
- Financial income -€23,648
down €23,648 (-50.4%), from €46,953 to €23,305
- Other operating charges -€8,384
down €8,384 (-31.5%), from €26,654 to €18,270
- Financial charges +€1,721
up €1,721 (+106%), from €1,625 to €3,346
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 | €860,954 | €812,511 | -€48,443 | -5.6% |
| Fixed assets | 21/28 | €40,553 | €38,369 | -€2,184 | -5.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €40,553 | €38,369 | -€2,184 | -5.4% |
| Land and buildings | 22 | €33,466 | €33,466 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,088 | €4,903 | -€2,184 | -30.8% |
| Current assets | 29/58 | €820,401 | €774,142 | -€46,258 | -5.6% |
| Amounts receivable after more than one year | 29 | €720,199 | €682,033 | -€38,166 | -5.3% |
| Other amounts receivable | 291 | €720,199 | €682,033 | -€38,166 | -5.3% |
| Amounts receivable within one year | 40/41 | €20,778 | €71,731 | +€50,953 | +245% |
| Trade receivables | 40 | €14,790 | €46,461 | +€31,671 | +214% |
| Other amounts receivable | 41 | €5,988 | €25,270 | +€19,282 | +322% |
| Cash at bank and in hand | 54/58 | €56,489 | €8,287 | -€48,202 | -85.3% |
| Deferred charges and accrued income | 490/1 | €22,934 | €12,091 | -€10,843 | -47.3% |
| Total equity and liabilities | 10/49 | €860,954 | €812,511 | -€48,443 | -5.6% |
| Equity | 10/15 | €620,254 | €628,205 | +€7,951 | +1.3% |
| Contributions | 10/11 | €500,745 | €500,745 | = | 0.0% |
| Capital | 10 | €500,745 | €500,745 | = | 0.0% |
| Issued capital | 100 | €500,745 | €500,745 | = | 0.0% |
| Reserves | 13 | €116,957 | €119,509 | +€2,552 | +2.2% |
| Non-distributable reserves | 130/1 | €50,074 | €50,074 | = | 0.0% |
| Legal reserve | 130 | €50,074 | €50,074 | = | 0.0% |
| Distributable reserves | 133 | €66,882 | €69,435 | +€2,552 | +3.8% |
| Profit (loss) carried forward | 14 | €2,552 | €7,951 | +€5,399 | +212% |
| Amounts payable | 17/49 | €240,700 | €184,306 | -€56,394 | -23.4% |
| Amounts payable after more than one year | 17 | €50,870 | €107,220 | +€56,350 | +111% |
| Other amounts payable | 178/9 | €50,870 | €107,220 | +€56,350 | +111% |
| Amounts payable within one year | 42/48 | €180,696 | €76,337 | -€104,359 | -57.8% |
| Trade debts | 44 | €153,576 | €43,679 | -€109,896 | -71.6% |
| Suppliers | 440/4 | €153,576 | €43,679 | -€109,896 | -71.6% |
| Taxes, remuneration and social security | 45 | €2,120 | €7,657 | +€5,537 | +261% |
| Taxes | 450/3 | €1,900 | €1,650 | -€250 | -13.2% |
| Remuneration and social security | 454/9 | €220 | €6,007 | +€5,787 | +2,634% |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,134 | €749 | -€8,386 | -91.8% |
| Remuneration, social security and pensions | 62 | €6,318 | €43,478 | +€37,160 | +588% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,473 | €2,184 | -€289 | -11.7% |
| Other operating charges | 640/8 | €26,654 | €18,270 | -€8,384 | -31.5% |
| Gross operating margin | 9900 | €19,905 | €80,618 | +€60,714 | +305% |
| Operating profit (loss) | 9901 | -€15,540 | €16,686 | +€32,227 | |
| Financial income | 75/76B | €46,953 | €23,305 | -€23,648 | -50.4% |
| Recurring financial income | 75 | €46,953 | €23,305 | -€23,648 | -50.4% |
| Financial charges | 65/66B | €1,625 | €3,346 | +€1,721 | +106% |
| Recurring financial charges | 65 | €1,625 | €3,346 | +€1,721 | +106% |
| Profit (loss) for the period before taxes | 9903 | €29,788 | €36,646 | +€6,858 | +23.0% |
| Income taxes | 67/77 | €2,236 | €3,695 | +€1,459 | +65.3% |
| Profit (loss) for the period | 9904 | €27,552 | €32,951 | +€5,399 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,552 | €32,951 | +€5,399 | +19.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.