Eforge: 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.
Eforge
Largest movements
- Cash +€444,577
up €444,577 (+121.8%), from €364,928 to €809,506
mainly Net result for the year (+€427,118) and Debts after one year (+€266,023)
- Tangible fixed assets +€323,851
up €323,851 (+453.9%), from €71,356 to €395,207
of which Other tangible fixed assets: +€354,328
- Intangible fixed assets -€182,574
down €182,574 (-100.0%), from €182,574 to €0
- Receivables within one year +€97,906
up €97,906 (+14.7%), from €665,602 to €763,508
of which Trade receivables: +€77,083
- Current portion of long-term debt -€283,864
down €283,864 (-79.5%), from €357,042 to €73,178
- Profit (loss) carried forward +€266,291
up €266,291, from -€266,291 to €0
- Debts after one year +€266,023
up €266,023 (+1095.3%), from €24,289 to €290,312
- Trade debts +€252,400
up €252,400 (+84.7%), from €298,025 to €550,425
- Reserves +€160,827
up €160,827 (+285.0%), from €56,435 to €217,262
of which Distributable reserves: +€160,827
- Gross operating margin +€1.0m
up €1.0m (+53.0%), from €1.9m to €2.9m
- Staff costs +€387,352
up €387,352 (+23.3%), from €1.7m to €2.0m
- Taxes +€152,824
up €152,824 (+3280.3%), from €4,659 to €157,483
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 | €1,297,444 | €1,981,419 | +€683,975 | +52.7% |
| Fixed assets | 21/28 | €253,930 | €395,657 | +€141,727 | +55.8% |
| Intangible fixed assets | 21 | €182,574 | €0 | -€182,574 | -100.0% |
| Tangible fixed assets | 22/27 | €71,356 | €395,207 | +€323,851 | +453.9% |
| Furniture and vehicles | 24 | €50,123 | €19,646 | -€30,477 | -60.8% |
| Other tangible fixed assets | 26 | €21,233 | €375,561 | +€354,328 | +1668.8% |
| Financial fixed assets | 28 | - | €450 | +€450 | |
| Current assets | 29/58 | €1,043,514 | €1,585,762 | +€542,248 | +52.0% |
| Amounts receivable within one year | 40/41 | €665,602 | €763,508 | +€97,906 | +14.7% |
| Trade receivables | 40 | €348,283 | €425,366 | +€77,083 | +22.1% |
| Other amounts receivable | 41 | €317,319 | €338,141 | +€20,822 | +6.6% |
| Cash at bank and in hand | 54/58 | €364,928 | €809,506 | +€444,577 | +121.8% |
| Deferred charges and accrued income | 490/1 | €12,983 | €12,749 | -€235 | -1.8% |
| Total equity and liabilities | 10/49 | €1,297,444 | €1,981,419 | +€683,975 | +52.7% |
| Equity | 10/15 | €310,144 | €737,262 | +€427,118 | +137.7% |
| Contributions | 10/11 | €520,000 | €520,000 | = | 0.0% |
| Reserves | 13 | €56,435 | €217,262 | +€160,827 | +285.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €54,575 | €215,402 | +€160,827 | +294.7% |
| Profit (loss) carried forward | 14 | -€266,291 | €0 | +€266,291 | |
| Amounts payable | 17/49 | €987,300 | €1,244,157 | +€256,858 | +26.0% |
| Amounts payable after more than one year | 17 | €24,289 | €290,312 | +€266,023 | +1095.3% |
| Financial debts | 170/4 | €24,289 | €290,312 | +€266,023 | +1095.3% |
| Amounts payable within one year | 42/48 | €960,014 | €953,846 | -€6,168 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €357,042 | €73,178 | -€283,864 | -79.5% |
| Trade debts | 44 | €298,025 | €550,425 | +€252,400 | +84.7% |
| Suppliers | 440/4 | €298,025 | €550,425 | +€252,400 | +84.7% |
| Taxes, remuneration and social security | 45 | €264,204 | €330,242 | +€66,039 | +25.0% |
| Taxes | 450/3 | €66,045 | €58,894 | -€7,151 | -10.8% |
| Remuneration and social security | 454/9 | €198,159 | €271,348 | +€73,189 | +36.9% |
| Other amounts payable | 47/48 | €40,743 | €0 | -€40,743 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,997 | €0 | -€2,997 | -100.0% |
| Non-recurring operating income | 76A | €9,133 | €14,053 | +€4,919 | +53.9% |
| Remuneration, social security and pensions | 62 | €1,661,080 | €2,048,431 | +€387,352 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,741 | €220,182 | +€1,441 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,671 | €478 | -€28,194 | -98.3% |
| Other operating charges | 640/8 | €3,327 | €3,920 | +€593 | +17.8% |
| Non-recurring operating charges | 66A | €159 | €0 | -€159 | -100.0% |
| Gross operating margin | 9900 | €1,892,646 | €2,895,642 | +€1.0m | +53.0% |
| Operating profit (loss) | 9901 | -€19,331 | €622,631 | +€641,962 | |
| Financial income | 75/76B | €2,549 | €4,427 | +€1,878 | +73.7% |
| Recurring financial income | 75 | €2,549 | €4,427 | +€1,878 | +73.7% |
| Financial charges | 65/66B | €27,848 | €42,458 | +€14,610 | +52.5% |
| Recurring financial charges | 65 | €27,848 | €42,458 | +€14,610 | +52.5% |
| Profit (loss) for the period before taxes | 9903 | -€44,629 | €584,600 | +€629,230 | |
| Income taxes | 67/77 | €4,659 | €157,483 | +€152,824 | +3280.3% |
| Profit (loss) for the period | 9904 | -€49,288 | €427,118 | +€476,406 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,288 | €427,118 | +€476,406 |
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.