EFRAM: 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.
EFRAM
Largest movements
- Current investments -€11,415
no longer reported in 2018 (was €11,415)
- Cash +€11,075
up €11,075 (+46.3%), from €23,929 to €35,005
mainly Current investments (+€11,415) and Receivables within one year (+€6,569)
- Receivables within one year -€6,569
down €6,569 (-86.1%), from €7,630 to €1,061
- Equity -€8,053
down €8,053 (-28.2%), from €28,513 to €20,460
of which Reserves: -€8,053
- Debts +€928
up €928 (+6.3%), from €14,677 to €15,605
- Gross operating margin -€6,308
down €6,308 (-53.9%), from €11,705 to €5,397
- Depreciation -€717
no longer reported in 2018 (was €717)
- Taxes -€253
down €253 (-37.1%), from €680 to €427
From the 2017 result to the 2018 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 2017 and 2018 balance sheets and the 2018 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2017 | 2018 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,191 | €36,065 | -€7,125 | -16.5% |
| Fixed assets | 21/28 | €216 | - | -€216 | |
| Tangible fixed assets | 22/27 | €216 | - | -€216 | |
| Current assets | 29/58 | €42,975 | €36,065 | -€6,909 | -16.1% |
| Amounts receivable within one year | 40/41 | €7,630 | €1,061 | -€6,569 | -86.1% |
| Current investments | 50/53 | €11,415 | - | -€11,415 | |
| Cash at bank and in hand | 54/58 | €23,929 | €35,005 | +€11,075 | +46.3% |
| Total equity and liabilities | 10/49 | €43,191 | €36,065 | -€7,125 | -16.5% |
| Equity | 10/15 | €28,513 | €20,460 | -€8,053 | -28.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,913 | €1,860 | -€8,053 | -81.2% |
| Profit (loss) carried forward | 14 | -€60,795 | €253 | +€61,048 | |
| Amounts payable | 17/49 | €14,677 | €15,605 | +€928 | +6.3% |
| Amounts payable within one year | 42/48 | €13,977 | €14,905 | +€928 | +6.6% |
| Trade debts | 44 | €2,413 | €2,396 | -€17 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €717 | - | -€717 | |
| Gross operating margin | 9900 | €11,705 | €5,397 | -€6,308 | -53.9% |
| Operating profit (loss) | 9901 | €9,871 | €3,185 | -€6,686 | -67.7% |
| Recurring financial income | 75 | €2,074 | €4,145 | +€2,071 | +99.8% |
| Recurring financial charges | 65 | €4,602 | €683 | -€3,918 | -85.2% |
| Profit (loss) for the period before taxes | 9903 | €7,343 | €6,647 | -€697 | -9.5% |
| Income taxes | 67/77 | €680 | €427 | -€253 | -37.1% |
| Profit (loss) for the period | 9904 | €6,663 | €6,219 | -€444 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,663 | €6,219 | -€444 | -6.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2017 and 30 June 2018. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.