EFS Group: 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.
EFS Group
Largest movements
- Stocks and contracts +€181,000
new in 2024: €181,000
- Receivables within one year -€102,442
down €102,442 (-60.1%), from €170,430 to €67,988
of which Trade receivables: -€107,001
- Tangible fixed assets -€36,353
down €36,353 (-35.5%), from €102,382 to €66,028
of which Furniture and vehicles: -€40,308
- Financial fixed assets +€4,800
new in 2024: €4,800
- Trade debts +€58,434
up €58,434 (+49.6%), from €117,804 to €176,238
- Debts after one year -€17,991
down €17,991 (-34.2%), from €52,618 to €34,627
- Reserves +€17,235
up €17,235 (+50.5%), from €34,149 to €51,384
- Other debts -€8,857
down €8,857 (-23.4%), from €37,846 to €28,988
- Depreciation +€18,749
up €18,749 (+95.5%), from €19,631 to €38,380
- Gross operating margin +€18,634
up €18,634 (+26.9%), from €69,300 to €87,934
- Staff costs +€12,553
up €12,553 (+796.6%), from €1,576 to €14,128
- Financial charges +€3,789
up €3,789 (+241.1%), from €1,571 to €5,360
of which Financial charges: +€2,550
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €273,903 | €323,411 | +€49,508 | +18.1% |
| Fixed assets | 21/28 | €102,382 | €70,828 | -€31,553 | -30.8% |
| Tangible fixed assets | 22/27 | €102,382 | €66,028 | -€36,353 | -35.5% |
| Plant, machinery and equipment | 23 | - | €3,954 | +€3,954 | |
| Furniture and vehicles | 24 | €102,382 | €62,074 | -€40,308 | -39.4% |
| Financial fixed assets | 28 | - | €4,800 | +€4,800 | |
| Current assets | 29/58 | €171,521 | €252,583 | +€81,061 | +47.3% |
| Stocks and contracts in progress | 3 | - | €181,000 | +€181,000 | |
| Stocks | 30/36 | - | €181,000 | +€181,000 | |
| Amounts receivable within one year | 40/41 | €170,430 | €67,988 | -€102,442 | -60.1% |
| Trade receivables | 40 | €168,373 | €61,372 | -€107,001 | -63.6% |
| Other amounts receivable | 41 | €2,057 | €6,616 | +€4,559 | +221.6% |
| Cash at bank and in hand | 54/58 | €1,092 | €1,419 | +€327 | +29.9% |
| Deferred charges and accrued income | 490/1 | - | €2,177 | +€2,177 | |
| Total equity and liabilities | 10/49 | €273,903 | €323,411 | +€49,508 | +18.1% |
| Equity | 10/15 | €35,149 | €52,384 | +€17,235 | +49.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €34,149 | €51,384 | +€17,235 | +50.5% |
| Distributable reserves | 133 | €34,149 | €51,384 | +€17,235 | +50.5% |
| Amounts payable | 17/49 | €238,754 | €271,027 | +€32,273 | +13.5% |
| Amounts payable after more than one year | 17 | €52,618 | €34,627 | -€17,991 | -34.2% |
| Financial debts | 170/4 | €52,618 | €34,627 | -€17,991 | -34.2% |
| Amounts payable within one year | 42/48 | €186,136 | €236,310 | +€50,174 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €16,894 | €17,991 | +€1,098 | +6.5% |
| Trade debts | 44 | €117,804 | €176,238 | +€58,434 | +49.6% |
| Suppliers | 440/4 | €117,804 | €176,238 | +€58,434 | +49.6% |
| Taxes, remuneration and social security | 45 | €13,592 | €13,092 | -€500 | -3.7% |
| Taxes | 450/3 | €11,992 | €12,034 | +€41 | +0.3% |
| Remuneration and social security | 454/9 | €1,600 | €1,058 | -€542 | -33.8% |
| Other amounts payable | 47/48 | €37,846 | €28,988 | -€8,857 | -23.4% |
| Accrued charges and deferred income | 492/3 | - | €90 | +€90 | |
| Remuneration, social security and pensions | 62 | €1,576 | €14,128 | +€12,553 | +796.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,631 | €38,380 | +€18,749 | +95.5% |
| Other operating charges | 640/8 | €2,421 | €2,524 | +€103 | +4.2% |
| Gross operating margin | 9900 | €69,300 | €87,934 | +€18,634 | +26.9% |
| Operating profit (loss) | 9901 | €45,672 | €32,902 | -€12,770 | -28.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,571 | €5,360 | +€3,789 | +241.1% |
| Recurring financial charges | 65 | €1,571 | €4,121 | +€2,550 | +162.3% |
| Non-recurring financial charges | 66B | - | €1,239 | +€1,239 | |
| Profit (loss) for the period before taxes | 9903 | €44,101 | €27,543 | -€16,558 | -37.5% |
| Income taxes | 67/77 | €9,952 | €10,308 | +€355 | +3.6% |
| Profit (loss) for the period | 9904 | €34,149 | €17,235 | -€16,913 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,149 | €17,235 | -€16,913 | -49.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.