EFPAT: 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.
EFPAT
Largest movements
- Receivables after one year +€77,000
up €77,000 (+72.6%), from €106,000 to €183,000
- Cash -€42,866
down €42,866 (-31.8%), from €134,666 to €91,800
mainly Receivables after one year (-€77,000) and Investment in fixed assets (net) (-€17,592)
- Tangible fixed assets -€21,223
down €21,223 (-5.9%), from €360,596 to €339,373
of which Land and buildings: -€23,243
- Receivables within one year -€16,293
down €16,293 (-100.0%), from €16,293 to €0
- Trade debts -€17,102
down €17,102 (-99.0%), from €17,277 to €175
- Profit (loss) carried forward +€15,132
up €15,132 (+64.6%), from -€23,442 to -€8,310
- Reserves -€14,815
down €14,815 (-48.6%), from €30,512 to €15,698
of which Distributable reserves: -€12,869
- Other debts +€13,149
up €13,149 (+589.6%), from €2,230 to €15,380
- Financial income -€12,814
down €12,814 (-45.0%), from €28,464 to €15,650
- Depreciation +€1,858
up €1,858 (+5.0%), from €36,956 to €38,815
- Taxes +€1,430
new in 2025: €1,430
- Gross operating margin +€809
up €809 (+2.0%), from €41,394 to €42,203
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 | €628,858 | €626,684 | -€2,174 | -0.3% |
| Fixed assets | 21/28 | €370,846 | €349,623 | -€21,223 | -5.7% |
| Tangible fixed assets | 22/27 | €360,596 | €339,373 | -€21,223 | -5.9% |
| Land and buildings | 22 | €360,596 | €337,353 | -€23,243 | -6.4% |
| Plant, machinery and equipment | 23 | - | €2,021 | +€2,021 | |
| Financial fixed assets | 28 | €10,250 | €10,250 | = | 0.0% |
| Current assets | 29/58 | €258,012 | €277,060 | +€19,049 | +7.4% |
| Amounts receivable after more than one year | 29 | €106,000 | €183,000 | +€77,000 | +72.6% |
| Other amounts receivable | 291 | €106,000 | €183,000 | +€77,000 | +72.6% |
| Amounts receivable within one year | 40/41 | €16,293 | €0 | -€16,293 | -100.0% |
| Trade receivables | 40 | €16,293 | €0 | -€16,293 | -100.0% |
| Cash at bank and in hand | 54/58 | €134,666 | €91,800 | -€42,866 | -31.8% |
| Deferred charges and accrued income | 490/1 | €1,053 | €2,261 | +€1,208 | +114.8% |
| Total equity and liabilities | 10/49 | €628,858 | €626,684 | -€2,174 | -0.3% |
| Equity | 10/15 | €607,070 | €607,388 | +€317 | +0.1% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €30,512 | €15,698 | -€14,815 | -48.6% |
| Non-distributable reserves | 130/1 | €1,946 | €0 | -€1,946 | -100.0% |
| Reserves not available under the articles | 1311 | €1,946 | €0 | -€1,946 | -100.0% |
| Distributable reserves | 133 | €28,566 | €15,698 | -€12,869 | -45.0% |
| Profit (loss) carried forward | 14 | -€23,442 | -€8,310 | +€15,132 | +64.6% |
| Amounts payable | 17/49 | €21,787 | €19,296 | -€2,491 | -11.4% |
| Amounts payable after more than one year | 17 | €2,280 | €2,280 | = | 0.0% |
| Other amounts payable | 178/9 | €2,280 | €2,280 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,507 | €16,985 | -€2,523 | -12.9% |
| Trade debts | 44 | €17,277 | €175 | -€17,102 | -99.0% |
| Suppliers | 440/4 | €17,277 | €175 | -€17,102 | -99.0% |
| Taxes, remuneration and social security | 45 | - | €1,430 | +€1,430 | |
| Taxes | 450/3 | - | €1,430 | +€1,430 | |
| Other amounts payable | 47/48 | €2,230 | €15,380 | +€13,149 | +589.6% |
| Accrued charges and deferred income | 492/3 | - | €32 | +€32 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,956 | €38,815 | +€1,858 | +5.0% |
| Other operating charges | 640/8 | €2,449 | €2,433 | -€16 | -0.7% |
| Gross operating margin | 9900 | €41,394 | €42,203 | +€809 | +2.0% |
| Operating profit (loss) | 9901 | €1,989 | €956 | -€1,033 | -52.0% |
| Financial income | 75/76B | €28,464 | €15,650 | -€12,814 | -45.0% |
| Recurring financial income | 75 | €28,464 | €15,650 | -€12,814 | -45.0% |
| Financial charges | 65/66B | €46 | €44 | -€2 | -5.2% |
| Recurring financial charges | 65 | €46 | €44 | -€2 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €30,407 | €16,562 | -€13,845 | -45.5% |
| Income taxes | 67/77 | - | €1,430 | +€1,430 | |
| Profit (loss) for the period | 9904 | €30,407 | €15,132 | -€15,275 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,407 | €15,132 | -€15,275 | -50.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.