EFORA: 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.
EFORA
Largest movements
- Tangible fixed assets -€13,653
down €13,653 (-37.7%), from €36,244 to €22,591
of which Furniture and vehicles: -€10,693
- Cash +€6,338
up €6,338 (+38.0%), from €16,657 to €22,995
mainly Depreciation (+€14,718) and Stocks and contracts (+€1,908)
- Stocks and contracts -€1,908
down €1,908 (-4.4%), from €43,707 to €41,799
- Deferred charges and accrued income +€1,530
up €1,530 (+89.3%), from €1,713 to €3,243
- Debts after one year -€8,511
down €8,511 (-11.5%), from €74,193 to €65,682
- Accrued charges and deferred income -€2,314
down €2,314 (-91.8%), from €2,520 to €206
- Financial income +€4,247
up €4,247 (+1542.3%), from €275 to €4,522
- Gross operating margin +€2,001
up €2,001 (+13.3%), from €15,081 to €17,082
- Other operating charges +€469
up €469 (+56.8%), from €826 to €1,295
- Taxes +€280
up €280 (+54.7%), from €512 to €793
- Depreciation +€177
up €177 (+1.2%), from €14,540 to €14,718
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 | €118,841 | €109,960 | -€8,881 | -7.5% |
| Fixed assets | 21/28 | €36,244 | €22,591 | -€13,653 | -37.7% |
| Tangible fixed assets | 22/27 | €36,244 | €22,591 | -€13,653 | -37.7% |
| Land and buildings | 22 | €10,693 | €8,460 | -€2,233 | -20.9% |
| Plant, machinery and equipment | 23 | €2,528 | €1,800 | -€727 | -28.8% |
| Furniture and vehicles | 24 | €23,023 | €12,331 | -€10,693 | -46.4% |
| Current assets | 29/58 | €82,596 | €87,369 | +€4,772 | +5.8% |
| Stocks and contracts in progress | 3 | €43,707 | €41,799 | -€1,908 | -4.4% |
| Stocks | 30/36 | €43,707 | €41,799 | -€1,908 | -4.4% |
| Amounts receivable within one year | 40/41 | €18,894 | €17,706 | -€1,187 | -6.3% |
| Trade receivables | 40 | €10,190 | €16,399 | +€6,209 | +60.9% |
| Other amounts receivable | 41 | €8,704 | €1,307 | -€7,397 | -85.0% |
| Current investments | 50/53 | €1,625 | €1,625 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,657 | €22,995 | +€6,338 | +38.0% |
| Deferred charges and accrued income | 490/1 | €1,713 | €3,243 | +€1,530 | +89.3% |
| Total equity and liabilities | 10/49 | €118,841 | €109,960 | -€8,881 | -7.5% |
| Equity | 10/15 | €41,659 | €42,811 | +€1,151 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,177 | €105,177 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,901 | €4,901 | = | 0.0% |
| Distributable reserves | 133 | €100,275 | €100,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,118 | -€80,966 | +€1,151 | +1.4% |
| Amounts payable | 17/49 | €77,181 | €67,149 | -€10,032 | -13.0% |
| Amounts payable after more than one year | 17 | €74,193 | €65,682 | -€8,511 | -11.5% |
| Other amounts payable | 178/9 | €74,193 | €65,682 | -€8,511 | -11.5% |
| Amounts payable within one year | 42/48 | €469 | €1,261 | +€793 | +169.1% |
| Taxes, remuneration and social security | 45 | €469 | €1,261 | +€793 | +169.1% |
| Taxes | 450/3 | €469 | €1,261 | +€793 | +169.1% |
| Accrued charges and deferred income | 492/3 | €2,520 | €206 | -€2,314 | -91.8% |
| Non-recurring operating income | 76A | €1,220 | - | -€1,220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,540 | €14,718 | +€177 | +1.2% |
| Other operating charges | 640/8 | €826 | €1,295 | +€469 | +56.8% |
| Gross operating margin | 9900 | €15,081 | €17,082 | +€2,001 | +13.3% |
| Operating profit (loss) | 9901 | -€285 | €1,069 | +€1,354 | |
| Financial income | 75/76B | €275 | €4,522 | +€4,247 | +1542.3% |
| Recurring financial income | 75 | €275 | €4,522 | +€4,247 | +1542.3% |
| Financial charges | 65/66B | €3,805 | €3,648 | -€157 | -4.1% |
| Recurring financial charges | 65 | €3,553 | €3,648 | +€95 | +2.7% |
| Non-recurring financial charges | 66B | €252 | - | -€252 | |
| Profit (loss) for the period before taxes | 9903 | -€3,814 | €1,944 | +€5,758 | |
| Income taxes | 67/77 | €512 | €793 | +€280 | +54.7% |
| Profit (loss) for the period | 9904 | -€4,327 | €1,151 | +€5,478 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,327 | €1,151 | +€5,478 |
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 4 October 2026 via checked.be.