EFS Solutions: what changed
EFS Solutions
Largest movements
- Cash +€49,648
up €49,648 (+57.5%), from €86,384 to €136,032
mainly Net result for the year (+€66,869) and Depreciation (+€15,411)
- Tangible fixed assets -€8,500
down €8,500 (-14.2%), from €59,820 to €51,321
of which Furniture and vehicles: -€14,854
- Receivables within one year -€2,821
down €2,821 (-16.3%), from €17,326 to €14,505
of which Trade receivables: -€9,582
- Deferred charges and accrued income -€2,716
no longer reported in 2025 (was €2,716)
- Profit (loss) carried forward +€66,869
up €66,869 (+89.0%), from €75,164 to €142,033
- Tax, wage and social debts -€18,873
down €18,873 (-65.9%), from €28,628 to €9,756
- Debts after one year -€13,877
down €13,877 (-30.1%), from €46,035 to €32,158
- Gross operating margin -€9,374
down €9,374 (-8.4%), from €112,209 to €102,835
- Taxes -€1,999
down €1,999 (-10.0%), from €20,026 to €18,027
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €166,246 | €201,857 | +€35,611 | +21.4% |
| Fixed assets | 21/28 | €59,820 | €51,321 | -€8,500 | -14.2% |
| Tangible fixed assets | 22/27 | €59,820 | €51,321 | -€8,500 | -14.2% |
| Land and buildings | 22 | - | €3,028 | +€3,028 | |
| Plant, machinery and equipment | 23 | - | €3,327 | +€3,327 | |
| Furniture and vehicles | 24 | €59,820 | €44,967 | -€14,854 | -24.8% |
| Current assets | 29/58 | €106,426 | €150,536 | +€44,110 | +41.4% |
| Amounts receivable within one year | 40/41 | €17,326 | €14,505 | -€2,821 | -16.3% |
| Trade receivables | 40 | €17,326 | €7,744 | -€9,582 | -55.3% |
| Other amounts receivable | 41 | - | €6,761 | +€6,761 | |
| Cash at bank and in hand | 54/58 | €86,384 | €136,032 | +€49,648 | +57.5% |
| Deferred charges and accrued income | 490/1 | €2,716 | - | -€2,716 | |
| Total equity and liabilities | 10/49 | €166,246 | €201,857 | +€35,611 | +21.4% |
| Equity | 10/15 | €77,664 | €144,533 | +€66,869 | +86.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,164 | €142,033 | +€66,869 | +89.0% |
| Amounts payable | 17/49 | €88,582 | €57,324 | -€31,258 | -35.3% |
| Amounts payable after more than one year | 17 | €46,035 | €32,158 | -€13,877 | -30.1% |
| Financial debts | 170/4 | €46,035 | €32,158 | -€13,877 | -30.1% |
| Amounts payable within one year | 42/48 | €42,547 | €25,165 | -€17,382 | -40.9% |
| Current portion of amounts payable after more than one year | 42 | €13,302 | €13,877 | +€575 | +4.3% |
| Trade debts | 44 | €617 | €1,533 | +€916 | +149% |
| Suppliers | 440/4 | €617 | €1,533 | +€916 | +149% |
| Taxes, remuneration and social security | 45 | €28,628 | €9,756 | -€18,873 | -65.9% |
| Taxes | 450/3 | €28,628 | €9,756 | -€18,873 | -65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,448 | €15,411 | +€963 | +6.7% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €112,209 | €102,835 | -€9,374 | -8.4% |
| Operating profit (loss) | 9901 | €97,644 | €87,304 | -€10,340 | -10.6% |
| Financial charges | 65/66B | €2,454 | €2,408 | -€46 | -1.9% |
| Recurring financial charges | 65 | €2,454 | €2,408 | -€46 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €95,190 | €84,896 | -€10,294 | -10.8% |
| Income taxes | 67/77 | €20,026 | €18,027 | -€1,999 | -10.0% |
| Profit (loss) for the period | 9904 | €75,164 | €66,869 | -€8,295 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,164 | €66,869 | -€8,295 | -11.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.