EFOR BELGIUM: 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.
What changed
EFOR BELGIUM
NACE 62.200, Computer consultancy and computer facilities management
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€1.3m
31-12-2024 · €1.7m-€379,318
Equity
€608,564
31-12-2024 · €1.6m-€1.0m
Cash
€151,752
31-12-2024 · €692,906-€541,155
Balance sheet total
€10.4m
31-12-2024 · €10.0m+€413,557
Largest movements
Assets
- Receivables within one year +€590,109
up €590,109 (+6.6%), from €8.9m to €9.5m
of which Trade receivables: +€396,808
- Cash -€541,155
down €541,155 (-78.1%), from €692,906 to €151,752
mainly Contributions, distributions and other (-€2.3m) and Receivables within one year (-€590,109)
- Deferred charges and accrued income +€402,931
up €402,931 (+821%), from €49,102 to €452,033
Equity and liabilities
- Profit (loss) carried forward -€1.0m
down €1.0m (-99.5%), from €1.0m to €4,818
- Trade debts +€1.0m
up €1.0m (+61.6%), from €1.6m to €2.6m
- Other debts +€778,601
up €778,601 (+23.7%), from €3.3m to €4.1m
- Tax, wage and social debts -€249,622
down €249,622 (-15.3%), from €1.6m to €1.4m
of which Remuneration and social security: -€141,783
- Accrued charges and deferred income -€114,622
down €114,622 (-6.3%), from €1.8m to €1.7m
Income statement
- Goods and materials +€436,011
up €436,011 (+17.2%), from €2.5m to €3.0m
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024
€1.7m
Turnover
-€4,334
Other operating income
+€81,857
Goods and materials
-€436,011
Services and other goods
+€57,079
Staff costs
+€165,483
Depreciation
-€321
Provisions
-€60,000
Other operating charges
-€2,912
Other operating items
-€166,410
Financial income
-€79,677
Financial charges
-€49,022
Taxes
+€114,950
Result 31-12-2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.8m
Investment
-€13,138
Financing
-€2.3m
Cash 31-12-2024
€692,906
From operations (derived)
+€1.8m
Net result for the year
+€1.3m
Depreciation
+€51,467
Receivables within one year
-€590,109
Deferred charges and accrued income
-€402,931
Trade debts
+€1.0m
Tax, wage and social debts
-€249,622
Other debts
+€778,601
Accrued charges and deferred income
-€114,622
Investment (derived)
-€13,138
Investment in fixed assets (net)
-€13,138
Financing
-€2.3m
Contributions, distributions and other
-€2.3m
Cash 31-12-2025
€151,752
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,969,863 | €10,383,420 | +€413,557 | +4.1% |
| Fixed assets | 21/28 | €296,656 | €258,327 | -€38,329 | -12.9% |
| Intangible fixed assets | 21 | €39,844 | €19,922 | -€19,922 | -50.0% |
| Tangible fixed assets | 22/27 | €212,475 | €194,068 | -€18,407 | -8.7% |
| Furniture and vehicles | 24 | €41,338 | €48,466 | +€7,128 | +17.2% |
| Other tangible fixed assets | 26 | €171,137 | €145,602 | -€25,535 | -14.9% |
| Financial fixed assets | 28 | €44,337 | €44,337 | = | 0.0% |
| Other financial fixed assets | 284/8 | €44,337 | €44,337 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €44,337 | €44,337 | = | 0.0% |
| Current assets | 29/58 | €9,673,207 | €10,125,093 | +€451,886 | +4.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €8,931,199 | €9,521,308 | +€590,109 | +6.6% |
| Trade receivables | 40 | €6,100,941 | €6,497,749 | +€396,808 | +6.5% |
| Other amounts receivable | 41 | €2,830,258 | €3,023,559 | +€193,301 | +6.8% |
| Cash at bank and in hand | 54/58 | €692,906 | €151,752 | -€541,155 | -78.1% |
| Deferred charges and accrued income | 490/1 | €49,102 | €452,033 | +€402,931 | +821% |
| Total equity and liabilities | 10/49 | €9,969,863 | €10,383,420 | +€413,557 | +4.1% |
| Equity | 10/15 | €1,614,637 | €608,564 | -€1.0m | -62.3% |
| Contributions | 10/11 | €576,867 | €576,867 | = | 0.0% |
| Reserves | 13 | €26,879 | €26,879 | = | 0.0% |
| Tax-exempt reserves | 132 | €292 | €292 | = | 0.0% |
| Distributable reserves | 133 | €26,587 | €26,587 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,010,891 | €4,818 | -€1.0m | -99.5% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €8,355,226 | €9,774,855 | +€1.4m | +17.0% |
| Amounts payable within one year | 42/48 | €6,549,251 | €8,083,502 | +€1.5m | +23.4% |
| Trade debts | 44 | €1,630,693 | €2,635,965 | +€1.0m | +61.6% |
| Suppliers | 440/4 | €1,630,693 | €2,635,965 | +€1.0m | +61.6% |
| Taxes, remuneration and social security | 45 | €1,628,072 | €1,378,450 | -€249,622 | -15.3% |
| Taxes | 450/3 | €494,281 | €386,443 | -€107,838 | -21.8% |
| Remuneration and social security | 454/9 | €1,133,791 | €992,008 | -€141,783 | -12.5% |
| Other amounts payable | 47/48 | €3,290,485 | €4,069,086 | +€778,601 | +23.7% |
| Accrued charges and deferred income | 492/3 | €1,805,976 | €1,691,353 | -€114,622 | -6.3% |
| Operating income | 70/76A | €18,490,337 | €18,351,206 | -€139,131 | -0.8% |
| Turnover | 70 | €17,266,502 | €17,262,168 | -€4,334 | 0.0% |
| Other operating income | 74 | €954,450 | €1,036,307 | +€81,857 | +8.6% |
| Non-recurring operating income | 76A | €269,386 | €52,732 | -€216,654 | -80.4% |
| Operating charges | 60/66A | €15,888,371 | €16,114,808 | +€226,438 | +1.4% |
| Goods for resale, raw materials and consumables | 60 | €2,532,306 | €2,968,316 | +€436,011 | +17.2% |
| Purchases | 600/8 | €2,532,306 | €2,968,316 | +€436,011 | +17.2% |
| Services and other goods | 61 | €2,653,559 | €2,596,481 | -€57,079 | -2.2% |
| Remuneration, social security and pensions | 62 | €10,645,971 | €10,480,488 | -€165,483 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,145 | €51,467 | +€321 | +0.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€60,000 | €0 | +€60,000 | |
| Other operating charges | 640/8 | €1,757 | €4,669 | +€2,912 | +166% |
| Non-recurring operating charges | 66A | €63,632 | €13,388 | -€50,244 | -79.0% |
| Operating profit (loss) | 9901 | €2,601,967 | €2,236,398 | -€365,569 | -14.0% |
| Financial income | 75/76B | €161,212 | €81,536 | -€79,677 | -49.4% |
| Recurring financial income | 75 | €161,212 | €81,536 | -€79,677 | -49.4% |
| Income from current assets | 751 | €160,314 | €81,528 | -€78,786 | -49.1% |
| Other financial income | 752/9 | €898 | €7 | -€891 | -99.2% |
| Financial charges | 65/66B | €282,584 | €331,606 | +€49,022 | +17.3% |
| Recurring financial charges | 65 | €282,584 | €331,606 | +€49,022 | +17.3% |
| Debt charges | 650 | €279,640 | €329,158 | +€49,518 | +17.7% |
| Other financial charges | 652/9 | €2,944 | €2,448 | -€496 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €2,480,595 | €1,986,327 | -€494,268 | -19.9% |
| Income taxes | 67/77 | €807,350 | €692,400 | -€114,950 | -14.2% |
| Taxes | 670/3 | €808,000 | €692,400 | -€115,600 | -14.3% |
| Tax adjustments and reversals of tax provisions | 77 | €650 | €0 | -€650 | -100% |
| Profit (loss) for the period | 9904 | €1,673,245 | €1,293,928 | -€379,318 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,673,245 | €1,293,928 | -€379,318 | -22.7% |
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 23 October 2026 via checked.be.