EFJ: 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.
EFJ
Largest movements
- Tangible fixed assets -€12,776
down €12,776 (-43.1%), from €29,610 to €16,833
of which Furniture and vehicles: -€11,590
- Receivables within one year +€10,514
up €10,514 (+11.5%), from €91,582 to €102,096
of which Trade receivables: +€6,690
- Cash -€9,784
down €9,784 (-77.0%), from €12,706 to €2,922
mainly Receivables within one year (-€10,514) and Debts after one year (-€9,037)
- Debts after one year -€9,037
down €9,037 (-44.9%), from €20,137 to €11,100
of which Financial debts: -€9,037
- Current portion of long-term debt +€9,037
up €9,037 (+29.9%), from €30,188 to €39,225
- Other debts -€8,324
down €8,324 (-34.5%), from €24,125 to €15,801
- Trade debts -€4,282
down €4,282 (-8.4%), from €50,791 to €46,509
- Tax, wage and social debts +€2,208
up €2,208 (+4.9%), from €44,684 to €46,892
of which Taxes: +€2,208
- Other operating charges +€1,485
up €1,485 (+367.1%), from €404 to €1,889
- Gross operating margin +€1,284
up €1,284 (+9.1%), from €14,162 to €15,446
- Financial charges -€473
down €473 (-74.7%), from €633 to €160
- Taxes -€268
down €268 (-59.0%), from €455 to €186
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 | €134,667 | €123,270 | -€11,398 | -8.5% |
| Fixed assets | 21/28 | €29,610 | €17,083 | -€12,526 | -42.3% |
| Tangible fixed assets | 22/27 | €29,610 | €16,833 | -€12,776 | -43.1% |
| Plant, machinery and equipment | 23 | €6,824 | €5,638 | -€1,186 | -17.4% |
| Furniture and vehicles | 24 | €22,785 | €11,195 | -€11,590 | -50.9% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €105,058 | €106,187 | +€1,129 | +1.1% |
| Amounts receivable within one year | 40/41 | €91,582 | €102,096 | +€10,514 | +11.5% |
| Trade receivables | 40 | €67,738 | €74,429 | +€6,690 | +9.9% |
| Other amounts receivable | 41 | €23,843 | €27,667 | +€3,824 | +16.0% |
| Cash at bank and in hand | 54/58 | €12,706 | €2,922 | -€9,784 | -77.0% |
| Deferred charges and accrued income | 490/1 | €770 | €1,169 | +€399 | +51.8% |
| Total equity and liabilities | 10/49 | €134,667 | €123,270 | -€11,398 | -8.5% |
| Equity | 10/15 | -€35,258 | -€36,257 | -€999 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,858 | -€54,857 | -€999 | -1.9% |
| Amounts payable | 17/49 | €169,925 | €159,527 | -€10,399 | -6.1% |
| Amounts payable after more than one year | 17 | €20,137 | €11,100 | -€9,037 | -44.9% |
| Financial debts | 170/4 | €9,037 | €0 | -€9,037 | -100.0% |
| Other amounts payable | 178/9 | €11,100 | €11,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €149,788 | €148,427 | -€1,362 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €30,188 | €39,225 | +€9,037 | +29.9% |
| Trade debts | 44 | €50,791 | €46,509 | -€4,282 | -8.4% |
| Suppliers | 440/4 | €50,791 | €46,509 | -€4,282 | -8.4% |
| Taxes, remuneration and social security | 45 | €44,684 | €46,892 | +€2,208 | +4.9% |
| Taxes | 450/3 | €4,001 | €6,209 | +€2,208 | +55.2% |
| Remuneration and social security | 454/9 | €40,682 | €40,682 | = | 0.0% |
| Other amounts payable | 47/48 | €24,125 | €15,801 | -€8,324 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,239 | €14,209 | -€29 | -0.2% |
| Other operating charges | 640/8 | €404 | €1,889 | +€1,485 | +367.1% |
| Gross operating margin | 9900 | €14,162 | €15,446 | +€1,284 | +9.1% |
| Operating profit (loss) | 9901 | -€481 | -€652 | -€171 | -35.6% |
| Financial income | 75/76B | €17 | €0 | -€17 | -99.9% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -99.9% |
| Financial charges | 65/66B | €633 | €160 | -€473 | -74.7% |
| Recurring financial charges | 65 | €633 | €160 | -€473 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,097 | -€812 | +€285 | +26.0% |
| Income taxes | 67/77 | €455 | €186 | -€268 | -59.0% |
| Profit (loss) for the period | 9904 | -€1,552 | -€999 | +€553 | +35.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,552 | -€999 | +€553 | +35.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.