E.F.C. Immo: 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.
E.F.C. Immo
Largest movements
- Tangible fixed assets -€153,200
down €153,200 (-16.4%), from €935,635 to €782,434
of which Land and buildings: -€137,512
- Receivables within one year +€42,340
up €42,340 (+154%), from €27,433 to €69,773
of which Other amounts receivable: +€47,567
- Cash +€23,456
up €23,456 (+11,534%), from €203 to €23,659
mainly Depreciation (+€160,096) and Accrued charges and deferred income (+€24,000)
- Debts after one year -€84,941
down €84,941 (-46.7%), from €181,799 to €96,858
- Reserves -€31,989
down €31,989 (-8.8%), from €365,178 to €333,189
of which Distributable reserves: -€31,989
- Accrued charges and deferred income +€24,000
new in 2025: €24,000
- Gross operating margin -€95,682
down €95,682 (-37.9%), from €252,304 to €156,622
- Taxes -€16,489
no longer reported in 2025 (was €16,489)
- Financial charges -€5,987
down €5,987 (-45.8%), from €13,067 to €7,080
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.
Derived cash bridge
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 | €966,697 | €879,607 | -€87,090 | -9.0% |
| Fixed assets | 21/28 | €938,114 | €784,913 | -€153,200 | -16.3% |
| Tangible fixed assets | 22/27 | €935,635 | €782,434 | -€153,200 | -16.4% |
| Land and buildings | 22 | €869,300 | €731,788 | -€137,512 | -15.8% |
| Plant, machinery and equipment | 23 | €1,775 | - | -€1,775 | |
| Furniture and vehicles | 24 | €64,560 | €50,646 | -€13,914 | -21.6% |
| Financial fixed assets | 28 | €2,479 | €2,479 | = | 0.0% |
| Current assets | 29/58 | €28,584 | €94,694 | +€66,110 | +231% |
| Amounts receivable within one year | 40/41 | €27,433 | €69,773 | +€42,340 | +154% |
| Trade receivables | 40 | €5,227 | - | -€5,227 | |
| Other amounts receivable | 41 | €22,206 | €69,773 | +€47,567 | +214% |
| Cash at bank and in hand | 54/58 | €203 | €23,659 | +€23,456 | +11,534% |
| Deferred charges and accrued income | 490/1 | €947 | €1,262 | +€314 | +33.2% |
| Total equity and liabilities | 10/49 | €966,697 | €879,607 | -€87,090 | -9.0% |
| Equity | 10/15 | €548,027 | €516,038 | -€31,989 | -5.8% |
| Contributions | 10/11 | €182,849 | €182,849 | = | 0.0% |
| Reserves | 13 | €365,178 | €333,189 | -€31,989 | -8.8% |
| Non-distributable reserves | 130/1 | €18,285 | €18,285 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,285 | €18,285 | = | 0.0% |
| Distributable reserves | 133 | €346,893 | €314,904 | -€31,989 | -9.2% |
| Amounts payable | 17/49 | €418,670 | €363,569 | -€55,101 | -13.2% |
| Amounts payable after more than one year | 17 | €181,799 | €96,858 | -€84,941 | -46.7% |
| Financial debts | 170/4 | €181,799 | €96,858 | -€84,941 | -46.7% |
| Amounts payable within one year | 42/48 | €236,871 | €242,711 | +€5,840 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €83,352 | €84,941 | +€1,589 | +1.9% |
| Trade debts | 44 | €2,376 | €1,233 | -€1,143 | -48.1% |
| Suppliers | 440/4 | €2,376 | €1,233 | -€1,143 | -48.1% |
| Taxes, remuneration and social security | 45 | €13,988 | €14,593 | +€605 | +4.3% |
| Taxes | 450/3 | €13,988 | €14,593 | +€605 | +4.3% |
| Other amounts payable | 47/48 | €137,155 | €141,944 | +€4,789 | +3.5% |
| Accrued charges and deferred income | 492/3 | - | €24,000 | +€24,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,515 | €160,096 | -€1,419 | -0.9% |
| Other operating charges | 640/8 | €20,784 | €21,436 | +€653 | +3.1% |
| Gross operating margin | 9900 | €252,304 | €156,622 | -€95,682 | -37.9% |
| Operating profit (loss) | 9901 | €70,005 | -€24,911 | -€94,915 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €13,067 | €7,080 | -€5,987 | -45.8% |
| Recurring financial charges | 65 | €13,067 | €7,080 | -€5,987 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €56,938 | -€31,989 | -€88,927 | |
| Income taxes | 67/77 | €16,489 | - | -€16,489 | |
| Profit (loss) for the period | 9904 | €40,449 | -€31,989 | -€72,438 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,449 | -€31,989 | -€72,438 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.