EFM Contractors: 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.
EFM Contractors
Largest movements
- Cash +€245,782
up €245,782 (+339.9%), from €72,312 to €318,094
mainly Net result for the year (+€87,182) and Trade debts (+€81,698)
- Receivables within one year -€63,702
down €63,702 (-47.7%), from €133,504 to €69,802
of which Trade receivables: -€75,729
- Stocks and contracts -€38,598
no longer reported in 2025 (was €38,598)
- Tangible fixed assets +€19,558
up €19,558 (+18.8%), from €104,192 to €123,750
of which Furniture and vehicles: +€25,237
- Reserves +€85,516
up €85,516 (+58.0%), from €147,321 to €232,837
- Trade debts +€81,698
up €81,698 (+105.3%), from €77,609 to €159,307
- Debts after one year -€11,503
down €11,503 (-15.8%), from €72,645 to €61,142
- Tax, wage and social debts +€6,522
up €6,522 (+12.3%), from €52,872 to €59,394
of which Taxes: +€6,655
- Current portion of long-term debt -€5,844
down €5,844 (-33.6%), from €17,378 to €11,534
- Gross operating margin +€26,445
up €26,445 (+16.4%), from €161,101 to €187,546
- Depreciation +€17,347
up €17,347 (+177.9%), from €9,751 to €27,098
- Taxes +€5,005
up €5,005 (+12.7%), from €39,544 to €44,550
- Financial charges +€2,138
up €2,138 (+66.0%), from €3,240 to €5,378
- Staff costs +€2,081
up €2,081 (+10.6%), from €19,550 to €21,631
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.
Cash bridge derived
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 | €409,503 | €569,981 | +€160,478 | +39.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €104,192 | €123,750 | +€19,558 | +18.8% |
| Tangible fixed assets | 22/27 | €104,192 | €123,750 | +€19,558 | +18.8% |
| Plant, machinery and equipment | 23 | €665 | €266 | -€399 | -60.0% |
| Furniture and vehicles | 24 | €79,738 | €104,975 | +€25,237 | +31.6% |
| Leasing and similar rights | 25 | €23,789 | €18,509 | -€5,280 | -22.2% |
| Current assets | 29/58 | €305,312 | €446,232 | +€140,920 | +46.2% |
| Amounts receivable after more than one year | 29 | €56,256 | €52,009 | -€4,247 | -7.5% |
| Other amounts receivable | 291 | €56,256 | €52,009 | -€4,247 | -7.5% |
| Stocks and contracts in progress | 3 | €38,598 | - | -€38,598 | |
| Stocks | 30/36 | €38,598 | - | -€38,598 | |
| Amounts receivable within one year | 40/41 | €133,504 | €69,802 | -€63,702 | -47.7% |
| Trade receivables | 40 | €95,071 | €19,342 | -€75,729 | -79.7% |
| Other amounts receivable | 41 | €38,433 | €50,460 | +€12,027 | +31.3% |
| Cash at bank and in hand | 54/58 | €72,312 | €318,094 | +€245,782 | +339.9% |
| Deferred charges and accrued income | 490/1 | €4,642 | €6,326 | +€1,684 | +36.3% |
| Total equity and liabilities | 10/49 | €409,503 | €569,981 | +€160,478 | +39.2% |
| Equity | 10/15 | €165,921 | €251,437 | +€85,516 | +51.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €147,321 | €232,837 | +€85,516 | +58.0% |
| Distributable reserves | 133 | €147,321 | €232,837 | +€85,516 | +58.0% |
| Amounts payable | 17/49 | €243,582 | €318,544 | +€74,962 | +30.8% |
| Amounts payable after more than one year | 17 | €72,645 | €61,142 | -€11,503 | -15.8% |
| Financial debts | 170/4 | €72,645 | €61,142 | -€11,503 | -15.8% |
| Amounts payable within one year | 42/48 | €149,525 | €231,901 | +€82,376 | +55.1% |
| Current portion of amounts payable after more than one year | 42 | €17,378 | €11,534 | -€5,844 | -33.6% |
| Trade debts | 44 | €77,609 | €159,307 | +€81,698 | +105.3% |
| Suppliers | 440/4 | €77,609 | €159,307 | +€81,698 | +105.3% |
| Taxes, remuneration and social security | 45 | €52,872 | €59,394 | +€6,522 | +12.3% |
| Taxes | 450/3 | €49,085 | €55,739 | +€6,655 | +13.6% |
| Remuneration and social security | 454/9 | €3,787 | €3,655 | -€132 | -3.5% |
| Other amounts payable | 47/48 | €1,666 | €1,666 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €21,413 | €25,500 | +€4,088 | +19.1% |
| Non-recurring operating income | 76A | €3,035 | - | -€3,035 | |
| Remuneration, social security and pensions | 62 | €19,550 | €21,631 | +€2,081 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,751 | €27,098 | +€17,347 | +177.9% |
| Other operating charges | 640/8 | €2,674 | €3,223 | +€550 | +20.6% |
| Gross operating margin | 9900 | €161,101 | €187,546 | +€26,445 | +16.4% |
| Operating profit (loss) | 9901 | €129,126 | €135,593 | +€6,467 | +5.0% |
| Financial income | 75/76B | €1,549 | €1,517 | -€31 | -2.0% |
| Recurring financial income | 75 | €1,549 | €1,517 | -€31 | -2.0% |
| Financial charges | 65/66B | €3,240 | €5,378 | +€2,138 | +66.0% |
| Recurring financial charges | 65 | €3,240 | €5,378 | +€2,138 | +66.0% |
| Profit (loss) for the period before taxes | 9903 | €127,434 | €131,732 | +€4,298 | +3.4% |
| Income taxes | 67/77 | €39,544 | €44,550 | +€5,005 | +12.7% |
| Profit (loss) for the period | 9904 | €87,890 | €87,182 | -€708 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €87,890 | €87,182 | -€708 | -0.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.