EFPA: 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.
EFPA
Largest movements
- Receivables within one year -€1,171
down €1,171 (-1.7%), from €68,996 to €67,825
- Profit (loss) carried forward -€50,263
down €50,263 (-450%), from -€11,178 to -€61,441
- Tax, wage and social debts +€38,681
up €38,681 (+4,436%), from €872 to €39,553
- Other debts +€8,084
up €8,084 (+13.4%), from €60,489 to €68,574
- Trade debts +€1,952
up €1,952 (+195%), from €1,000 to €2,952
- Other operating charges +€36,233
up €36,233 (+1,738%), from €2,084 to €38,317
- Gross operating margin -€15,844
down €15,844, from €7,947 to -€7,897
- Financial charges -€597
down €597 (-15.9%), from €3,766 to €3,169
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.
Derived cash bridge
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 | €69,783 | €68,542 | -€1,241 | -1.8% |
| Fixed assets | 21/28 | €717 | €717 | = | 0.0% |
| Financial fixed assets | 28 | €717 | €717 | = | 0.0% |
| Current assets | 29/58 | €69,066 | €67,825 | -€1,241 | -1.8% |
| Amounts receivable within one year | 40/41 | €68,996 | €67,825 | -€1,171 | -1.7% |
| Other amounts receivable | 41 | €68,996 | €67,825 | -€1,171 | -1.7% |
| Cash at bank and in hand | 54/58 | €70 | - | -€70 | |
| Total equity and liabilities | 10/49 | €69,783 | €68,542 | -€1,241 | -1.8% |
| Equity | 10/15 | €7,422 | -€42,841 | -€50,263 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,178 | -€61,441 | -€50,263 | -450% |
| Amounts payable | 17/49 | €62,361 | €111,383 | +€49,022 | +78.6% |
| Amounts payable within one year | 42/48 | €62,361 | €111,383 | +€49,022 | +78.6% |
| Financial debts | 43 | - | €305 | +€305 | |
| Credit institutions | 430/8 | - | €305 | +€305 | |
| Trade debts | 44 | €1,000 | €2,952 | +€1,952 | +195% |
| Suppliers | 440/4 | €1,000 | €2,952 | +€1,952 | +195% |
| Taxes, remuneration and social security | 45 | €872 | €39,553 | +€38,681 | +4,436% |
| Taxes | 450/3 | €872 | €39,553 | +€38,681 | +4,436% |
| Other amounts payable | 47/48 | €60,489 | €68,574 | +€8,084 | +13.4% |
| Other operating charges | 640/8 | €2,084 | €38,317 | +€36,233 | +1,738% |
| Gross operating margin | 9900 | €7,947 | -€7,897 | -€15,844 | |
| Operating profit (loss) | 9901 | €5,863 | -€46,214 | -€52,077 | |
| Financial charges | 65/66B | €3,766 | €3,169 | -€597 | -15.9% |
| Recurring financial charges | 65 | €3,766 | €3,169 | -€597 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €2,097 | -€49,383 | -€51,480 | |
| Income taxes | 67/77 | €872 | €880 | +€8 | +0.9% |
| Profit (loss) for the period | 9904 | €1,225 | -€50,263 | -€51,488 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,225 | -€50,263 | -€51,488 |
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 26 October 2026 via checked.be.