Eflin: 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.
Eflin
Largest movements
- Cash +€20,823
up €20,823 (+342%), from €6,096 to €26,919
mainly Net result for the year (+€29,001) and Depreciation (+€12,931)
- Receivables within one year +€17,808
up €17,808 (+554%), from €3,213 to €21,020
of which Trade receivables: +€9,626
- Tangible fixed assets -€9,693
down €9,693 (-20.6%), from €47,018 to €37,326
of which Leasing and similar rights: -€9,100
- Stocks and contracts +€3,426
new in 2025: €3,426
- Deferred charges and accrued income -€1,077
down €1,077 (-36.7%), from €2,938 to €1,861
- Reserves +€28,900
up €28,900 (+615%), from €4,700 to €33,600
- Debts after one year -€8,424
down €8,424 (-24.3%), from €34,652 to €26,228
- Tax, wage and social debts +€7,005
up €7,005 (+192%), from €3,644 to €10,649
- Trade debts +€2,726
up €2,726 (+40.2%), from €6,787 to €9,513
- Current portion of long-term debt +€979
up €979 (+13.1%), from €7,446 to €8,424
- Gross operating margin +€36,992
up €36,992 (+135%), from €27,417 to €64,409
- Taxes +€7,693
up €7,693 (+141%), from €5,467 to €13,160
- Depreciation +€5,478
up €5,478 (+73.5%), from €7,452 to €12,931
- Other operating charges -€2,948
down €2,948 (-49.5%), from €5,960 to €3,012
- Financial charges +€2,812
up €2,812 (+72.0%), from €3,903 to €6,715
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 | €59,264 | €90,551 | +€31,287 | +52.8% |
| Fixed assets | 21/28 | €47,018 | €37,326 | -€9,693 | -20.6% |
| Tangible fixed assets | 22/27 | €47,018 | €37,326 | -€9,693 | -20.6% |
| Plant, machinery and equipment | 23 | €5,015 | €2,585 | -€2,430 | -48.5% |
| Furniture and vehicles | 24 | €879 | €2,717 | +€1,838 | +209% |
| Leasing and similar rights | 25 | €41,124 | €32,024 | -€9,100 | -22.1% |
| Current assets | 29/58 | €12,246 | €53,226 | +€40,979 | +335% |
| Stocks and contracts in progress | 3 | - | €3,426 | +€3,426 | |
| Stocks | 30/36 | - | €3,426 | +€3,426 | |
| Amounts receivable within one year | 40/41 | €3,213 | €21,020 | +€17,808 | +554% |
| Trade receivables | 40 | - | €9,626 | +€9,626 | |
| Other amounts receivable | 41 | €3,213 | €11,394 | +€8,181 | +255% |
| Cash at bank and in hand | 54/58 | €6,096 | €26,919 | +€20,823 | +342% |
| Deferred charges and accrued income | 490/1 | €2,938 | €1,861 | -€1,077 | -36.7% |
| Total equity and liabilities | 10/49 | €59,264 | €90,551 | +€31,287 | +52.8% |
| Equity | 10/15 | €6,735 | €35,737 | +€29,001 | +431% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €4,700 | €33,600 | +€28,900 | +615% |
| Distributable reserves | 133 | €4,700 | €33,600 | +€28,900 | +615% |
| Profit (loss) carried forward | 14 | €35 | €137 | +€101 | +286% |
| Amounts payable | 17/49 | €52,529 | €54,814 | +€2,286 | +4.4% |
| Amounts payable after more than one year | 17 | €34,652 | €26,228 | -€8,424 | -24.3% |
| Financial debts | 170/4 | €34,652 | €26,228 | -€8,424 | -24.3% |
| Amounts payable within one year | 42/48 | €17,876 | €28,586 | +€10,710 | +59.9% |
| Current portion of amounts payable after more than one year | 42 | €7,446 | €8,424 | +€979 | +13.1% |
| Trade debts | 44 | €6,787 | €9,513 | +€2,726 | +40.2% |
| Suppliers | 440/4 | €6,787 | €9,513 | +€2,726 | +40.2% |
| Taxes, remuneration and social security | 45 | €3,644 | €10,649 | +€7,005 | +192% |
| Taxes | 450/3 | €3,644 | €10,649 | +€7,005 | +192% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,452 | €12,931 | +€5,478 | +73.5% |
| Other operating charges | 640/8 | €5,960 | €3,012 | -€2,948 | -49.5% |
| Gross operating margin | 9900 | €27,417 | €64,409 | +€36,992 | +135% |
| Operating profit (loss) | 9901 | €14,005 | €48,466 | +€34,461 | +246% |
| Financial income | 75/76B | €101 | €410 | +€309 | +306% |
| Recurring financial income | 75 | €101 | €410 | +€309 | +306% |
| Financial charges | 65/66B | €3,903 | €6,715 | +€2,812 | +72.0% |
| Recurring financial charges | 65 | €3,903 | €6,715 | +€2,812 | +72.0% |
| Profit (loss) for the period before taxes | 9903 | €10,203 | €42,161 | +€31,959 | +313% |
| Income taxes | 67/77 | €5,467 | €13,160 | +€7,693 | +141% |
| Profit (loss) for the period | 9904 | €4,735 | €29,001 | +€24,266 | +512% |
| Profit (loss) for the period to be appropriated | 9905 | €4,735 | €29,001 | +€24,266 | +512% |
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 31 October 2026 via checked.be.