EFTEC: 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.
What changed
EFTEC
NACE 20.300, Manufacture of chemicals and chemical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€8.2m
2024 · €9.7m-€1.5m
Equity
€1.4m
2024 · €1.4m
Cash
€651,741
2024 · €668,317-€16,576
Balance sheet total
€47.5m
2024 · €48.0m-€481,069
Largest movements
Assets
- Receivables within one year -€750,613
down €750,613 (-1.9%), from €39.8m to €39.1m
of which Trade receivables: -€3.5m
Equity and liabilities
- Other debts -€1.6m
down €1.6m (-15.9%), from €9.8m to €8.2m
- Trade debts +€724,013
up €724,013 (+2.1%), from €34.7m to €35.4m
Income statement
- Services and other goods +€5.4m
up €5.4m (+18.6%), from €29.0m to €34.4m
- Turnover +€3.5m
up €3.5m (+3.1%), from €111.0m to €114.5m
- Goods and materials -€1.8m
down €1.8m (-2.9%), from €62.7m to €60.8m
of which Purchases: -€2.3m
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.
Result 2024
€9.7m
Turnover
+€3.5m
Other operating income
+€57,543
Goods and materials
+€1.8m
Services and other goods
-€5.4m
Staff costs
-€551,016
Depreciation
-€50,745
Provisions
+€110,000
Other operating charges
-€1,593
Other operating items
-€609,216
Financial income
-€359,693
Financial charges
+€6,872
Taxes
-€37,877
Result 2025
€8.2m
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.
From operations
+€9.0m
Investment
-€868,695
Financing
-€8.2m
Cash 2024
€668,317
From operations (derived)
+€9.0m
Net result for the year
+€8.2m
Depreciation
+€560,139
Stocks and contracts
+€71,796
Receivables within one year
+€750,613
Deferred charges and accrued income
-€49,360
Provisions
-€55,000
Trade debts
+€724,013
Tax, wage and social debts
+€374,556
Other debts
-€1.6m
Accrued charges and deferred income
+€31,608
Investment (derived)
-€868,695
Investment in fixed assets (net)
-€868,695
Financing
-€8.2m
Contributions, distributions and other
-€8.2m
Cash 2025
€651,741
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,962,560 | €47,481,492 | -€481,069 | -1.0% |
| Fixed assets | 21/28 | €2,385,748 | €2,694,304 | +€308,556 | +12.9% |
| Intangible fixed assets | 21 | €63,239 | €56,894 | -€6,345 | -10.0% |
| Tangible fixed assets | 22/27 | €2,316,409 | €2,631,310 | +€314,901 | +13.6% |
| Land and buildings | 22 | €1,453,430 | €1,468,507 | +€15,076 | +1.0% |
| Plant, machinery and equipment | 23 | €535,500 | €635,408 | +€99,908 | +18.7% |
| Furniture and vehicles | 24 | €269,401 | €420,445 | +€151,044 | +56.1% |
| Assets under construction and advance payments | 27 | €58,077 | €106,950 | +€48,873 | +84.2% |
| Financial fixed assets | 28 | €6,099 | €6,099 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,099 | €6,099 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,099 | €6,099 | = | 0.0% |
| Current assets | 29/58 | €45,576,813 | €44,787,188 | -€789,624 | -1.7% |
| Stocks and contracts in progress | 3 | €5,048,758 | €4,976,962 | -€71,796 | -1.4% |
| Stocks | 30/36 | €5,048,758 | €4,976,962 | -€71,796 | -1.4% |
| Raw materials and consumables | 30/31 | €2,533,180 | €2,579,678 | +€46,498 | +1.8% |
| Work in progress | 32 | €303,413 | €246,406 | -€57,007 | -18.8% |
| Finished goods | 33 | €2,212,165 | €2,150,878 | -€61,287 | -2.8% |
| Amounts receivable within one year | 40/41 | €39,843,488 | €39,092,875 | -€750,613 | -1.9% |
| Trade receivables | 40 | €7,944,812 | €4,445,195 | -€3.5m | -44.0% |
| Other amounts receivable | 41 | €31,898,675 | €34,647,679 | +€2.7m | +8.6% |
| Cash at bank and in hand | 54/58 | €668,317 | €651,741 | -€16,576 | -2.5% |
| Deferred charges and accrued income | 490/1 | €16,250 | €65,611 | +€49,360 | +303.8% |
| Total equity and liabilities | 10/49 | €47,962,560 | €47,481,492 | -€481,069 | -1.0% |
| Equity | 10/15 | €1,436,929 | €1,436,929 | = | 0.0% |
| Contributions | 10/11 | €1,240,000 | €1,240,000 | = | 0.0% |
| Capital | 10 | €1,240,000 | €1,240,000 | = | 0.0% |
| Issued capital | 100 | €1,240,000 | €1,240,000 | = | 0.0% |
| Reserves | 13 | €187,744 | €187,744 | = | 0.0% |
| Non-distributable reserves | 130/1 | €124,000 | €124,000 | = | 0.0% |
| Legal reserve | 130 | €124,000 | €124,000 | = | 0.0% |
| Distributable reserves | 133 | €63,744 | €63,744 | = | 0.0% |
| Investment grants | 15 | €9,185 | €9,185 | = | 0.0% |
| Provisions and deferred taxes | 16 | €203,696 | €148,696 | -€55,000 | -27.0% |
| Provisions for liabilities and charges | 160/5 | €198,966 | €143,966 | -€55,000 | -27.6% |
| Other liabilities and charges | 164/5 | €198,966 | €143,966 | -€55,000 | -27.6% |
| Deferred taxes | 168 | €4,730 | €4,730 | = | 0.0% |
| Amounts payable | 17/49 | €46,321,935 | €45,895,866 | -€426,069 | -0.9% |
| Amounts payable within one year | 42/48 | €45,904,225 | €45,446,548 | -€457,676 | -1.0% |
| Trade debts | 44 | €34,695,282 | €35,419,295 | +€724,013 | +2.1% |
| Suppliers | 440/4 | €34,695,282 | €35,419,295 | +€724,013 | +2.1% |
| Taxes, remuneration and social security | 45 | €1,441,005 | €1,815,561 | +€374,556 | +26.0% |
| Taxes | 450/3 | €536,122 | €536,123 | +€1 | 0.0% |
| Remuneration and social security | 454/9 | €904,884 | €1,279,438 | +€374,555 | +41.4% |
| Other amounts payable | 47/48 | €9,767,937 | €8,211,692 | -€1.6m | -15.9% |
| Accrued charges and deferred income | 492/3 | €417,710 | €449,318 | +€31,608 | +7.6% |
| Operating income | 70/76A | €111,582,569 | €114,588,723 | +€3.0m | +2.7% |
| Turnover | 70 | €111,019,544 | €114,471,359 | +€3.5m | +3.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €384,910 | -€118,294 | -€503,204 | |
| Other operating income | 74 | €178,114 | €235,657 | +€57,543 | +32.3% |
| Operating charges | 60/66A | €99,839,065 | €103,996,955 | +€4.2m | +4.2% |
| Goods for resale, raw materials and consumables | 60 | €62,661,331 | €60,823,937 | -€1.8m | -2.9% |
| Purchases | 600/8 | €63,183,897 | €60,870,435 | -€2.3m | -3.7% |
| Change in stocks: decrease (increase) | 609 | -€522,565 | -€46,498 | +€476,068 | +91.1% |
| Services and other goods | 61 | €28,958,923 | €34,354,842 | +€5.4m | +18.6% |
| Remuneration, social security and pensions | 62 | €7,584,913 | €8,135,929 | +€551,016 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €509,394 | €560,139 | +€50,745 | +10.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €55,000 | -€55,000 | -€110,000 | |
| Other operating charges | 640/8 | €69,503 | €71,096 | +€1,593 | +2.3% |
| Non-recurring operating charges | 66A | - | €106,012 | +€106,012 | |
| Operating profit (loss) | 9901 | €11,743,504 | €10,591,768 | -€1.2m | -9.8% |
| Financial income | 75/76B | €1,049,928 | €690,235 | -€359,693 | -34.3% |
| Recurring financial income | 75 | €1,049,928 | €690,235 | -€359,693 | -34.3% |
| Income from current assets | 751 | €694,021 | €346,891 | -€347,130 | -50.0% |
| Other financial income | 752/9 | €355,907 | €343,344 | -€12,563 | -3.5% |
| Financial charges | 65/66B | €17,900 | €11,028 | -€6,872 | -38.4% |
| Recurring financial charges | 65 | €17,900 | €11,028 | -€6,872 | -38.4% |
| Other financial charges | 652/9 | €17,900 | €11,028 | -€6,872 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €12,775,533 | €11,270,975 | -€1.5m | -11.8% |
| Income taxes | 67/77 | €3,036,122 | €3,073,999 | +€37,877 | +1.2% |
| Taxes | 670/3 | €3,036,122 | €3,073,999 | +€37,877 | +1.2% |
| Profit (loss) for the period | 9904 | €9,739,411 | €8,196,976 | -€1.5m | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,739,411 | €8,196,976 | -€1.5m | -15.8% |
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 30 September 2026 via checked.be.