EFK INTERNATIONAL: 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.
What changed
EFK INTERNATIONAL
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €2.7m-€837,075
Equity
€5.6m
2024 · €5.2m+€326,893
Cash
€1.1m
2024 · €989,284+€67,190
Balance sheet total
€9.9m
2024 · €9.4m+€536,867
Largest movements
Assets
- Receivables within one year +€502,322
up €502,322 (+53.1%), from €945,506 to €1.4m
of which Other amounts receivable: +€505,834
Equity and liabilities
- Other debts +€867,674
up €867,674 (+26.1%), from €3.3m to €4.2m
- Current portion of long-term debt -€619,167
no longer reported in 2025 (was €619,167)
- Reserves +€326,893
up €326,893 (+9.0%), from €3.6m to €4.0m
of which Distributable reserves: +€326,893
Income statement
- Financial income -€898,556
down €898,556 (-36.9%), from €2.4m to €1.5m
- Gross operating margin +€150,242
up €150,242 (+17.0%), from €885,438 to €1.0m
- Staff costs +€76,773
up €76,773 (+18.6%), from €411,917 to €488,690
- Taxes +€15,560
up €15,560 (+15.9%), from €98,052 to €113,612
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.
Result 2024
€2.7m
Gross operating margin
+€150,242
Staff costs
-€76,773
Depreciation
+€3,448
Other operating charges
-€3,298
Financial income
-€898,556
Financial charges
+€3,423
Taxes
-€15,560
Result 2025
€1.8m
raises the resultlowers the result
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.
From operations
+€2.2m
Investment
-€3,998
Financing
-€2.1m
Cash 2024
€989,284
From operations (derived)
+€2.2m
Net result for the year
+€1.8m
Depreciation
+€58,963
Receivables within one year
-€502,322
Deferred charges and accrued income
-€22,320
Trade debts
-€14,153
Tax, wage and social debts
-€26,385
Other debts
+€867,674
Accrued charges and deferred income
+€2,003
Investment (derived)
-€3,998
Investment in fixed assets (net)
-€3,998
Financing
-€2.1m
Current portion of long-term debt
-€619,167
Contributions, distributions and other
-€1.5m
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,412,090 | €9,948,957 | +€536,867 | +5.7% |
| Fixed assets | 21/28 | €7,460,737 | €7,405,772 | -€54,965 | -0.7% |
| Intangible fixed assets | 21 | €44,642 | €26,154 | -€18,488 | -41.4% |
| Tangible fixed assets | 22/27 | €115,855 | €79,378 | -€36,477 | -31.5% |
| Plant, machinery and equipment | 23 | €57,307 | €40,918 | -€16,389 | -28.6% |
| Furniture and vehicles | 24 | €58,548 | €38,460 | -€20,088 | -34.3% |
| Financial fixed assets | 28 | €7,300,240 | €7,300,240 | = | 0.0% |
| Current assets | 29/58 | €1,951,353 | €2,543,185 | +€591,832 | +30.3% |
| Amounts receivable within one year | 40/41 | €945,506 | €1,447,828 | +€502,322 | +53.1% |
| Trade receivables | 40 | €3,512 | - | -€3,512 | |
| Other amounts receivable | 41 | €941,994 | €1,447,828 | +€505,834 | +53.7% |
| Cash at bank and in hand | 54/58 | €989,284 | €1,056,474 | +€67,190 | +6.8% |
| Deferred charges and accrued income | 490/1 | €16,562 | €38,882 | +€22,320 | +135% |
| Total equity and liabilities | 10/49 | €9,412,090 | €9,948,957 | +€536,867 | +5.7% |
| Equity | 10/15 | €5,241,419 | €5,568,312 | +€326,893 | +6.2% |
| Contributions | 10/11 | €1,600,000 | €1,600,000 | = | 0.0% |
| Capital | 10 | €1,600,000 | €1,600,000 | = | 0.0% |
| Issued capital | 100 | €1,600,000 | €1,600,000 | = | 0.0% |
| Reserves | 13 | €3,641,419 | €3,968,312 | +€326,893 | +9.0% |
| Non-distributable reserves | 130/1 | €160,000 | €160,000 | = | 0.0% |
| Legal reserve | 130 | €160,000 | €160,000 | = | 0.0% |
| Distributable reserves | 133 | €3,481,419 | €3,808,312 | +€326,893 | +9.4% |
| Amounts payable | 17/49 | €4,170,671 | €4,380,645 | +€209,973 | +5.0% |
| Amounts payable within one year | 42/48 | €4,075,575 | €4,283,546 | +€207,970 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €619,167 | - | -€619,167 | |
| Trade debts | 44 | €27,796 | €13,644 | -€14,153 | -50.9% |
| Suppliers | 440/4 | €27,796 | €13,644 | -€14,153 | -50.9% |
| Taxes, remuneration and social security | 45 | €105,919 | €79,534 | -€26,385 | -24.9% |
| Taxes | 450/3 | €30,180 | €25,593 | -€4,587 | -15.2% |
| Remuneration and social security | 454/9 | €75,739 | €53,941 | -€21,798 | -28.8% |
| Other amounts payable | 47/48 | €3,322,694 | €4,190,368 | +€867,674 | +26.1% |
| Accrued charges and deferred income | 492/3 | €95,096 | €97,099 | +€2,003 | +2.1% |
| Remuneration, social security and pensions | 62 | €411,917 | €488,690 | +€76,773 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,411 | €58,963 | -€3,448 | -5.5% |
| Other operating charges | 640/8 | €1,459 | €4,757 | +€3,298 | +226% |
| Gross operating margin | 9900 | €885,438 | €1,035,680 | +€150,242 | +17.0% |
| Operating profit (loss) | 9901 | €409,651 | €483,270 | +€73,619 | +18.0% |
| Financial income | 75/76B | €2,435,799 | €1,537,242 | -€898,556 | -36.9% |
| Recurring financial income | 75 | €2,435,799 | €1,537,242 | -€898,556 | -36.9% |
| Financial charges | 65/66B | €83,430 | €80,007 | -€3,423 | -4.1% |
| Recurring financial charges | 65 | €83,430 | €80,007 | -€3,423 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €2,762,020 | €1,940,505 | -€821,515 | -29.7% |
| Income taxes | 67/77 | €98,052 | €113,612 | +€15,560 | +15.9% |
| Profit (loss) for the period | 9904 | €2,663,968 | €1,826,893 | -€837,075 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,663,968 | €1,826,893 | -€837,075 | -31.4% |
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 29 October 2026 via checked.be.