EFK GLASS: 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.
EFK GLASS
Largest movements
- Cash +€878,786
up €878,786 (+92.1%), from €953,819 to €1.8m
mainly Net result for the year (+€704,030) and Other debts (+€515,631)
- Stocks and contracts -€357,401
down €357,401 (-20.3%), from €1.8m to €1.4m
- Other debts +€515,631
up €515,631 (+36.4%), from €1.4m to €1.9m
- Trade debts -€220,289
down €220,289 (-47.0%), from €468,567 to €248,277
- Reserves +€204,030
up €204,030 (+28.3%), from €722,053 to €926,083
- Gross operating margin -€371,998
down €371,998 (-24.3%), from €1.5m to €1.2m
- Taxes -€99,003
down €99,003 (-29.6%), from €334,923 to €235,920
- Financial charges +€19,412
up €19,412 (+107%), from €18,075 to €37,487
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 | €3,226,893 | €3,746,857 | +€519,964 | +16.1% |
| Fixed assets | 21/28 | €27,417 | €23,747 | -€3,670 | -13.4% |
| Tangible fixed assets | 22/27 | €12,309 | €8,560 | -€3,749 | -30.5% |
| Plant, machinery and equipment | 23 | €12,309 | €8,560 | -€3,749 | -30.5% |
| Financial fixed assets | 28 | €15,108 | €15,187 | +€79 | +0.5% |
| Current assets | 29/58 | €3,199,476 | €3,723,110 | +€523,634 | +16.4% |
| Stocks and contracts in progress | 3 | €1,761,168 | €1,403,767 | -€357,401 | -20.3% |
| Stocks | 30/36 | €1,761,168 | €1,403,767 | -€357,401 | -20.3% |
| Amounts receivable within one year | 40/41 | €479,783 | €481,965 | +€2,182 | +0.5% |
| Trade receivables | 40 | €347,370 | €346,708 | -€663 | -0.2% |
| Other amounts receivable | 41 | €132,413 | €135,257 | +€2,844 | +2.1% |
| Cash at bank and in hand | 54/58 | €953,819 | €1,832,606 | +€878,786 | +92.1% |
| Deferred charges and accrued income | 490/1 | €4,706 | €4,772 | +€67 | +1.4% |
| Total equity and liabilities | 10/49 | €3,226,893 | €3,746,857 | +€519,964 | +16.1% |
| Equity | 10/15 | €1,292,053 | €1,496,083 | +€204,030 | +15.8% |
| Contributions | 10/11 | €570,000 | €570,000 | = | 0.0% |
| Contributions outside capital | 11 | €570,000 | €570,000 | = | 0.0% |
| Other | 1109/19 | €570,000 | €570,000 | = | 0.0% |
| Reserves | 13 | €722,053 | €926,083 | +€204,030 | +28.3% |
| Distributable reserves | 133 | €722,053 | €926,083 | +€204,030 | +28.3% |
| Amounts payable | 17/49 | €1,934,840 | €2,250,774 | +€315,934 | +16.3% |
| Amounts payable within one year | 42/48 | €1,904,343 | €2,200,764 | +€296,421 | +15.6% |
| Trade debts | 44 | €468,567 | €248,277 | -€220,289 | -47.0% |
| Suppliers | 440/4 | €468,567 | €248,277 | -€220,289 | -47.0% |
| Taxes, remuneration and social security | 45 | €20,554 | €21,633 | +€1,079 | +5.3% |
| Taxes | 450/3 | €2,745 | €3,338 | +€592 | +21.6% |
| Remuneration and social security | 454/9 | €17,808 | €18,295 | +€487 | +2.7% |
| Other amounts payable | 47/48 | €1,415,223 | €1,930,854 | +€515,631 | +36.4% |
| Accrued charges and deferred income | 492/3 | €30,497 | €50,010 | +€19,513 | +64.0% |
| Remuneration, social security and pensions | 62 | €160,690 | €154,240 | -€6,450 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,626 | €3,749 | +€123 | +3.4% |
| Other operating charges | 640/8 | €10,544 | €24,998 | +€14,454 | +137% |
| Gross operating margin | 9900 | €1,531,761 | €1,159,762 | -€371,998 | -24.3% |
| Operating profit (loss) | 9901 | €1,356,901 | €976,776 | -€380,125 | -28.0% |
| Financial income | 75/76B | €58 | €661 | +€603 | +1,046% |
| Recurring financial income | 75 | €58 | €661 | +€603 | +1,046% |
| Financial charges | 65/66B | €18,075 | €37,487 | +€19,412 | +107% |
| Recurring financial charges | 65 | €18,075 | €37,487 | +€19,412 | +107% |
| Profit (loss) for the period before taxes | 9903 | €1,338,883 | €939,950 | -€398,933 | -29.8% |
| Income taxes | 67/77 | €334,923 | €235,920 | -€99,003 | -29.6% |
| Profit (loss) for the period | 9904 | €1,003,961 | €704,030 | -€299,930 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,003,961 | €704,030 | -€299,930 | -29.9% |
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 1 November 2026 via checked.be.