EFMD: 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.
What changed
EFMD
NACE 73.300, Public relations and communication consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€329,170
2024 · €326,706+€2,464
Equity
€7.0m
2024 · €6.7m+€329,170
Cash
€634,891
2024 · €702,901-€68,010
Balance sheet total
€9.3m
2024 · €8.9m+€375,761
Largest movements
Assets
- Current investments +€606,075
up €606,075 (+13.2%), from €4.6m to €5.2m
- Receivables within one year -€149,586
down €149,586 (-15.9%), from €938,665 to €789,079
of which Trade receivables: -€170,097
Equity and liabilities
- Profit (loss) carried forward +€329,170
up €329,170 (+4.9%), from €6.7m to €7.0m
- Accrued charges and deferred income +€152,401
up €152,401 (+13.6%), from €1.1m to €1.3m
Income statement
- Other operating charges +€227,790
up €227,790 (+24.2%), from €940,186 to €1.2m
- Turnover +€209,832
up €209,832 (+3.4%), from €6.1m to €6.3m
- Financial income -€64,025
down €64,025 (-32.5%), from €197,218 to €133,192
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
€326,706
Turnover
+€209,832
Other operating income
-€5,742
Services and other goods
-€41,364
Staff costs
-€53,074
Depreciation
-€5,015
Write-downs
+€48,022
Other operating charges
-€227,790
Other operating items
+€156,006
Financial income
-€64,025
Financial charges
-€14,385
Result 2025
€329,170
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.
From operations
+€679,883
Investment
-€703,663
Financing
-€44,230
Cash 2024
€702,901
From operations (derived)
+€679,883
Net result for the year
+€329,170
Depreciation
+€120,973
Receivables within one year
+€149,586
Deferred charges and accrued income
-€10,668
Trade debts
-€203
Tax, wage and social debts
+€4,956
Advances received
-€66,333
Accrued charges and deferred income
+€152,401
Investment (derived)
-€703,663
Investment in fixed assets (net)
-€97,588
Current investments
-€606,075
Financing
-€44,230
Debts after one year
-€22,250
Current portion of long-term debt
-€21,980
Cash 2025
€634,891
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,933,637 | €9,309,398 | +€375,761 | +4.2% |
| Fixed assets | 21/28 | €2,515,220 | €2,491,835 | -€23,386 | -0.9% |
| Intangible fixed assets | 21 | €34,399 | €28,070 | -€6,329 | -18.4% |
| Tangible fixed assets | 22/27 | €2,378,125 | €2,289,298 | -€88,827 | -3.7% |
| Land and buildings | 22 | €2,221,214 | €2,162,759 | -€58,455 | -2.6% |
| Plant, machinery and equipment | 23 | €45,612 | €42,740 | -€2,871 | -6.3% |
| Furniture and vehicles | 24 | €111,299 | €83,798 | -€27,501 | -24.7% |
| Financial fixed assets | 28 | €102,697 | €174,467 | +€71,771 | +69.9% |
| Other financial fixed assets | 284/8 | €102,697 | €174,467 | +€71,771 | +69.9% |
| Amounts receivable and cash guarantees | 285/8 | €102,697 | €174,467 | +€71,771 | +69.9% |
| Current assets | 29/58 | €6,418,416 | €6,817,563 | +€399,147 | +6.2% |
| Amounts receivable within one year | 40/41 | €938,665 | €789,079 | -€149,586 | -15.9% |
| Trade receivables | 40 | €836,099 | €666,003 | -€170,097 | -20.3% |
| Other amounts receivable | 41 | €102,566 | €123,076 | +€20,510 | +20.0% |
| Current investments | 50/53 | €4,584,829 | €5,190,904 | +€606,075 | +13.2% |
| Cash at bank and in hand | 54/58 | €702,901 | €634,891 | -€68,010 | -9.7% |
| Deferred charges and accrued income | 490/1 | €192,021 | €202,689 | +€10,668 | +5.6% |
| Total equity and liabilities | 10/49 | €8,933,637 | €9,309,398 | +€375,761 | +4.2% |
| Equity | 10/15 | €6,663,147 | €6,992,317 | +€329,170 | +4.9% |
| Profit (loss) carried forward | 14 | €6,663,147 | €6,992,317 | +€329,170 | +4.9% |
| Amounts payable | 17/49 | €2,270,490 | €2,317,081 | +€46,591 | +2.1% |
| Amounts payable after more than one year | 17 | €22,250 | €0 | -€22,250 | -100.0% |
| Financial debts | 170/4 | €22,250 | €0 | -€22,250 | -100.0% |
| Credit institutions | 173 | €22,250 | €0 | -€22,250 | -100.0% |
| Amounts payable within one year | 42/48 | €1,125,430 | €1,041,869 | -€83,560 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €44,230 | €22,250 | -€21,980 | -49.7% |
| Trade debts | 44 | €187,394 | €187,192 | -€203 | -0.1% |
| Suppliers | 440/4 | €187,394 | €187,192 | -€203 | -0.1% |
| Advances received on contracts in progress | 46 | €600,673 | €534,340 | -€66,333 | -11.0% |
| Taxes, remuneration and social security | 45 | €293,132 | €298,088 | +€4,956 | +1.7% |
| Taxes | 450/3 | €46,504 | €53,416 | +€6,912 | +14.9% |
| Remuneration and social security | 454/9 | €246,628 | €244,672 | -€1,956 | -0.8% |
| Accrued charges and deferred income | 492/3 | €1,122,811 | €1,275,212 | +€152,401 | +13.6% |
| Operating income | 70/76A | €10,638,535 | €10,998,631 | +€360,096 | +3.4% |
| Turnover | 70 | €6,088,193 | €6,298,025 | +€209,832 | +3.4% |
| Other operating income | 74 | €375,920 | €370,177 | -€5,742 | -1.5% |
| Operating charges | 60/66A | €10,469,929 | €10,749,150 | +€279,222 | +2.7% |
| Services and other goods | 61 | €6,552,274 | €6,593,638 | +€41,364 | +0.6% |
| Remuneration, social security and pensions | 62 | €2,755,351 | €2,808,425 | +€53,074 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,958 | €120,973 | +€5,015 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €106,160 | €58,138 | -€48,022 | -45.2% |
| Other operating charges | 640/8 | €940,186 | €1,167,976 | +€227,790 | +24.2% |
| Operating profit (loss) | 9901 | €168,606 | €249,481 | +€80,875 | +48.0% |
| Financial income | 75/76B | €197,218 | €133,192 | -€64,025 | -32.5% |
| Recurring financial income | 75 | €197,218 | €133,192 | -€64,025 | -32.5% |
| Income from current assets | 751 | €153,599 | €114,080 | -€39,519 | -25.7% |
| Other financial income | 752/9 | €43,618 | €19,112 | -€24,506 | -56.2% |
| Financial charges | 65/66B | €39,118 | €53,503 | +€14,385 | +36.8% |
| Recurring financial charges | 65 | €39,118 | €53,503 | +€14,385 | +36.8% |
| Debt charges | 650 | €699 | €341 | -€358 | -51.2% |
| Other financial charges | 652/9 | €38,419 | €53,162 | +€14,743 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | €326,706 | €329,170 | +€2,464 | +0.8% |
| Profit (loss) for the period | 9904 | €326,706 | €329,170 | +€2,464 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €326,706 | €329,170 | +€2,464 | +0.8% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.