EFL GLOBAL: 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.
EFL GLOBAL
Largest movements
- Receivables within one year +€775,626
up €775,626 (+50.8%), from €1.5m to €2.3m
of which Trade receivables: +€1.4m
- Cash -€128,024
down €128,024 (-46.4%), from €276,095 to €148,070
mainly Receivables within one year (-€775,626) and Other debts (-€327,654)
- Trade debts +€1.0m
up €1.0m (+169%), from €614,734 to €1.7m
- Other debts -€327,654
down €327,654 (-28.5%), from €1.1m to €820,483
- Profit (loss) carried forward -€113,847
down €113,847 (-13.6%), from -€834,282 to -€948,129
- Short-term financial debts +€75,000
new in 2025: €75,000
- Gross operating margin +€380,717
up €380,717 (+71.2%), from €534,448 to €915,165
- Staff costs +€77,930
up €77,930 (+8.4%), from €925,349 to €1.0m
- Financial charges -€76,400
down €76,400 (-80.1%), from €95,363 to €18,962
- Provisions -€18,574
down €18,574 (-100%), from €18,574 to €0
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 | €1,844,259 | €2,512,089 | +€667,830 | +36.2% |
| Fixed assets | 21/28 | €16,888 | €22,579 | +€5,692 | +33.7% |
| Tangible fixed assets | 22/27 | €7,504 | €8,196 | +€692 | +9.2% |
| Plant, machinery and equipment | 23 | €6,922 | €8,196 | +€1,274 | +18.4% |
| Furniture and vehicles | 24 | €582 | €0 | -€582 | -100% |
| Financial fixed assets | 28 | €9,383 | €14,383 | +€5,000 | +53.3% |
| Current assets | 29/58 | €1,827,371 | €2,489,510 | +€662,138 | +36.2% |
| Stocks and contracts in progress | 3 | €0 | €3,335 | +€3,335 | |
| Stocks | 30/36 | €0 | €3,335 | +€3,335 | |
| Amounts receivable within one year | 40/41 | €1,527,758 | €2,303,383 | +€775,626 | +50.8% |
| Trade receivables | 40 | €915,358 | €2,291,610 | +€1.4m | +150% |
| Other amounts receivable | 41 | €612,399 | €11,774 | -€600,626 | -98.1% |
| Cash at bank and in hand | 54/58 | €276,095 | €148,070 | -€128,024 | -46.4% |
| Deferred charges and accrued income | 490/1 | €23,519 | €34,721 | +€11,203 | +47.6% |
| Total equity and liabilities | 10/49 | €1,844,259 | €2,512,089 | +€667,830 | +36.2% |
| Equity | 10/15 | -€17,482 | -€131,329 | -€113,847 | -651% |
| Contributions | 10/11 | €816,800 | €816,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€834,282 | -€948,129 | -€113,847 | -13.6% |
| Amounts payable | 17/49 | €1,861,741 | €2,643,418 | +€781,678 | +42.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,859,266 | €2,640,118 | +€780,852 | +42.0% |
| Financial debts | 43 | - | €75,000 | +€75,000 | |
| Credit institutions | 430/8 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €614,734 | €1,653,429 | +€1.0m | +169% |
| Suppliers | 440/4 | €614,734 | €1,653,429 | +€1.0m | +169% |
| Taxes, remuneration and social security | 45 | €96,395 | €91,206 | -€5,189 | -5.4% |
| Taxes | 450/3 | €860 | €309 | -€551 | -64.1% |
| Remuneration and social security | 454/9 | €95,535 | €90,898 | -€4,637 | -4.9% |
| Other amounts payable | 47/48 | €1,148,137 | €820,483 | -€327,654 | -28.5% |
| Accrued charges and deferred income | 492/3 | €2,475 | €3,300 | +€825 | +33.3% |
| Remuneration, social security and pensions | 62 | €925,349 | €1,003,278 | +€77,930 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,083 | €6,463 | -€1,620 | -20.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €18,574 | €0 | -€18,574 | -100% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | €534,448 | €915,165 | +€380,717 | +71.2% |
| Operating profit (loss) | 9901 | -€417,557 | -€94,576 | +€322,981 | +77.4% |
| Financial charges | 65/66B | €95,363 | €18,962 | -€76,400 | -80.1% |
| Recurring financial charges | 65 | €95,363 | €18,962 | -€76,400 | -80.1% |
| Profit (loss) for the period before taxes | 9903 | -€512,920 | -€113,539 | +€399,381 | +77.9% |
| Income taxes | 67/77 | €860 | €309 | -€551 | -64.1% |
| Profit (loss) for the period | 9904 | -€513,780 | -€113,847 | +€399,933 | +77.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€513,780 | -€113,847 | +€399,933 | +77.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.