EFPE: 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.
EFPE
Largest movements
- Receivables within one year +€44,885
up €44,885 (+191.4%), from €23,451 to €68,336
- Stocks and contracts +€39,740
up €39,740 (+117.4%), from €33,842 to €73,582
- Intangible fixed assets -€26,286
down €26,286 (-15.9%), from €165,748 to €139,462
- Profit (loss) carried forward -€29,573
down €29,573, from €2,490 to -€27,083
- Tax, wage and social debts +€21,784
up €21,784 (+73.6%), from €29,589 to €51,373
of which Taxes: +€15,246
- Trade debts +€20,409
up €20,409 (+96.0%), from €21,266 to €41,675
- Other debts +€14,044
up €14,044 (+31.2%), from €45,058 to €59,102
- Debts after one year +€13,613
up €13,613 (+14.4%), from €94,630 to €108,242
- Staff costs +€25,514
up €25,514 (+212.8%), from €11,990 to €37,504
- Gross operating margin +€23,792
up €23,792 (+86.8%), from €27,404 to €51,196
- Depreciation +€14,402
up €14,402 (+85.0%), from €16,947 to €31,349
- Financial charges +€5,732
up €5,732 (+136.6%), from €4,197 to €9,929
- Other operating charges -€519
down €519 (-20.6%), from €2,516 to €1,996
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 | €236,767 | €293,149 | +€56,382 | +23.8% |
| Fixed assets | 21/28 | €176,906 | €148,906 | -€27,999 | -15.8% |
| Intangible fixed assets | 21 | €165,748 | €139,462 | -€26,286 | -15.9% |
| Tangible fixed assets | 22/27 | €11,157 | €9,444 | -€1,713 | -15.4% |
| Plant, machinery and equipment | 23 | €3,171 | €4,752 | +€1,581 | +49.9% |
| Furniture and vehicles | 24 | €6,106 | €3,282 | -€2,825 | -46.3% |
| Other tangible fixed assets | 26 | €1,880 | €1,410 | -€470 | -25.0% |
| Current assets | 29/58 | €59,862 | €144,243 | +€84,381 | +141.0% |
| Stocks and contracts in progress | 3 | €33,842 | €73,582 | +€39,740 | +117.4% |
| Stocks | 30/36 | €33,842 | €73,582 | +€39,740 | +117.4% |
| Amounts receivable within one year | 40/41 | €23,451 | €68,336 | +€44,885 | +191.4% |
| Trade receivables | 40 | €23,451 | €68,336 | +€44,885 | +191.4% |
| Cash at bank and in hand | 54/58 | €359 | €98 | -€261 | -72.8% |
| Deferred charges and accrued income | 490/1 | €2,210 | €2,227 | +€17 | +0.8% |
| Total equity and liabilities | 10/49 | €236,767 | €293,149 | +€56,382 | +23.8% |
| Equity | 10/15 | €5,490 | -€24,083 | -€29,573 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,490 | -€27,083 | -€29,573 | |
| Amounts payable | 17/49 | €231,277 | €317,232 | +€85,955 | +37.2% |
| Amounts payable after more than one year | 17 | €94,630 | €108,242 | +€13,613 | +14.4% |
| Financial debts | 170/4 | €94,630 | €108,242 | +€13,613 | +14.4% |
| Amounts payable within one year | 42/48 | €135,816 | €207,607 | +€71,792 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €19,282 | €26,658 | +€7,377 | +38.3% |
| Financial debts | 43 | €20,621 | €20,525 | -€96 | -0.5% |
| Credit institutions | 430/8 | €20,621 | €20,525 | -€96 | -0.5% |
| Trade debts | 44 | €21,266 | €41,675 | +€20,409 | +96.0% |
| Suppliers | 440/4 | €21,266 | €41,675 | +€20,409 | +96.0% |
| Advances received on contracts in progress | 46 | - | €8,275 | +€8,275 | |
| Taxes, remuneration and social security | 45 | €29,589 | €51,373 | +€21,784 | +73.6% |
| Taxes | 450/3 | €24,104 | €39,350 | +€15,246 | +63.2% |
| Remuneration and social security | 454/9 | €5,484 | €12,022 | +€6,538 | +119.2% |
| Other amounts payable | 47/48 | €45,058 | €59,102 | +€14,044 | +31.2% |
| Accrued charges and deferred income | 492/3 | €832 | €1,382 | +€550 | +66.1% |
| Remuneration, social security and pensions | 62 | €11,990 | €37,504 | +€25,514 | +212.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,947 | €31,349 | +€14,402 | +85.0% |
| Other operating charges | 640/8 | €2,516 | €1,996 | -€519 | -20.6% |
| Gross operating margin | 9900 | €27,404 | €51,196 | +€23,792 | +86.8% |
| Operating profit (loss) | 9901 | -€4,049 | -€19,653 | -€15,604 | -385.4% |
| Financial income | 75/76B | €9 | €10 | +€0 | +2.5% |
| Recurring financial income | 75 | €9 | €10 | +€0 | +2.5% |
| Financial charges | 65/66B | €4,197 | €9,929 | +€5,732 | +136.6% |
| Recurring financial charges | 65 | €4,197 | €9,929 | +€5,732 | +136.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,237 | -€29,573 | -€21,336 | -259.0% |
| Profit (loss) for the period | 9904 | -€8,237 | -€29,573 | -€21,336 | -259.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,237 | -€29,573 | -€21,336 | -259.0% |
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 8 October 2026 via checked.be.