EFLC: 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.
EFLC
Largest movements
- Tangible fixed assets +€214,459
up €214,459 (+40.9%), from €524,955 to €739,415
of which Land and buildings: +€248,372
- Receivables within one year +€29,912
up €29,912 (+17.3%), from €172,591 to €202,503
of which Trade receivables: +€29,856
- Cash +€19,889
up €19,889 (+38.4%), from €51,835 to €71,724
mainly Debts after one year (+€212,879) and Depreciation (+€61,458)
- Debts after one year +€212,879
up €212,879 (+50.2%), from €424,446 to €637,324
- Trade debts +€26,357
up €26,357 (+30.4%), from €86,837 to €113,194
- Other debts +€14,086
up €14,086 (+21.1%), from €66,633 to €80,720
- Staff costs +€112,915
up €112,915 (+51.4%), from €219,668 to €332,583
- Gross operating margin +€109,402
up €109,402 (+32.1%), from €340,705 to €450,107
- Financial charges +€5,205
up €5,205 (+28.7%), from €18,149 to €23,354
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €800,544 | €1,071,510 | +€270,966 | +33.8% |
| Formation expenses | 20 | €398 | €173 | -€225 | -56.5% |
| Fixed assets | 21/28 | €526,644 | €739,922 | +€213,279 | +40.5% |
| Intangible fixed assets | 21 | €1,688 | €507 | -€1,181 | -69.9% |
| Tangible fixed assets | 22/27 | €524,955 | €739,415 | +€214,459 | +40.9% |
| Land and buildings | 22 | €427,506 | €675,878 | +€248,372 | +58.1% |
| Plant, machinery and equipment | 23 | €17,115 | €11,106 | -€6,009 | -35.1% |
| Furniture and vehicles | 24 | €22,225 | €15,109 | -€7,116 | -32.0% |
| Leasing and similar rights | 25 | €58,109 | €37,321 | -€20,788 | -35.8% |
| Current assets | 29/58 | €273,503 | €331,415 | +€57,912 | +21.2% |
| Stocks and contracts in progress | 3 | €47,408 | €55,200 | +€7,792 | +16.4% |
| Stocks | 30/36 | €47,408 | €55,200 | +€7,792 | +16.4% |
| Amounts receivable within one year | 40/41 | €172,591 | €202,503 | +€29,912 | +17.3% |
| Trade receivables | 40 | €154,726 | €184,582 | +€29,856 | +19.3% |
| Other amounts receivable | 41 | €17,865 | €17,921 | +€56 | +0.3% |
| Cash at bank and in hand | 54/58 | €51,835 | €71,724 | +€19,889 | +38.4% |
| Deferred charges and accrued income | 490/1 | €1,668 | €1,987 | +€319 | +19.1% |
| Total equity and liabilities | 10/49 | €800,544 | €1,071,510 | +€270,966 | +33.8% |
| Equity | 10/15 | €90,098 | €96,696 | +€6,598 | +7.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,098 | €89,696 | +€6,598 | +7.9% |
| Amounts payable | 17/49 | €710,446 | €974,814 | +€264,368 | +37.2% |
| Amounts payable after more than one year | 17 | €424,446 | €637,324 | +€212,879 | +50.2% |
| Financial debts | 170/4 | €424,446 | €637,324 | +€212,879 | +50.2% |
| Amounts payable within one year | 42/48 | €286,000 | €337,490 | +€51,489 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €36,028 | €39,384 | +€3,356 | +9.3% |
| Financial debts | 43 | €78,354 | €78,354 | = | 0.0% |
| Credit institutions | 430/8 | €78,354 | €78,354 | = | 0.0% |
| Trade debts | 44 | €86,837 | €113,194 | +€26,357 | +30.4% |
| Suppliers | 440/4 | €86,837 | €113,194 | +€26,357 | +30.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €18,148 | €25,838 | +€7,690 | +42.4% |
| Taxes | 450/3 | €0 | €254 | +€254 | |
| Remuneration and social security | 454/9 | €18,148 | €25,584 | +€7,436 | +41.0% |
| Other amounts payable | 47/48 | €66,633 | €80,720 | +€14,086 | +21.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1,601 | +€1,601 | |
| Remuneration, social security and pensions | 62 | €219,668 | €332,583 | +€112,915 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,273 | €61,458 | +€3,185 | +5.5% |
| Other operating charges | 640/8 | €2,655 | €2,873 | +€218 | +8.2% |
| Gross operating margin | 9900 | €340,705 | €450,107 | +€109,402 | +32.1% |
| Operating profit (loss) | 9901 | €60,109 | €53,192 | -€6,917 | -11.5% |
| Financial income | 75/76B | €3,120 | €4,299 | +€1,179 | +37.8% |
| Recurring financial income | 75 | €3,120 | €4,299 | +€1,179 | +37.8% |
| Financial charges | 65/66B | €18,149 | €23,354 | +€5,205 | +28.7% |
| Recurring financial charges | 65 | €18,149 | €23,354 | +€5,205 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €45,080 | €34,137 | -€10,943 | -24.3% |
| Income taxes | 67/77 | - | €2,540 | +€2,540 | |
| Profit (loss) for the period | 9904 | €45,080 | €31,598 | -€13,482 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,080 | €31,598 | -€13,482 | -29.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.