EEFIX: 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.
EEFIX
Largest movements
- Tangible fixed assets +€323,509
up €323,509 (+72.2%), from €448,050 to €771,560
of which Land and buildings: +€335,936
- Receivables within one year +€44,193
up €44,193 (+7,659%), from €577 to €44,770
of which Trade receivables: +€44,770
- Deferred charges and accrued income -€41,829
down €41,829 (-34.3%), from €121,849 to €80,020
- Current investments -€35,000
no longer reported in 2025 (was €35,000)
- Cash -€18,508
down €18,508 (-78.8%), from €23,475 to €4,966
mainly Investment in fixed assets (net) (-€347,195) and Receivables within one year (-€44,193)
- Debts after one year +€149,153
up €149,153 (+103%), from €144,573 to €293,726
- Reserves +€86,314
up €86,314 (+20.1%), from €430,464 to €516,779
- Tax, wage and social debts +€43,228
up €43,228 (+120%), from €36,169 to €79,397
- Financial income -€21,170
down €21,170 (-92.9%), from €22,792 to €1,621
- Gross operating margin +€12,762
up €12,762 (+5.6%), from €229,164 to €241,925
- Depreciation +€12,234
up €12,234 (+107%), from €11,452 to €23,686
- Financial charges +€12,056
up €12,056 (+416%), from €2,898 to €14,955
- Taxes -€7,765
down €7,765 (-14.7%), from €52,774 to €45,009
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 | €628,951 | €901,316 | +€272,365 | +43.3% |
| Fixed assets | 21/28 | €448,050 | €771,560 | +€323,509 | +72.2% |
| Tangible fixed assets | 22/27 | €448,050 | €771,560 | +€323,509 | +72.2% |
| Land and buildings | 22 | €398,595 | €734,531 | +€335,936 | +84.3% |
| Plant, machinery and equipment | 23 | €2,072 | €1,238 | -€835 | -40.3% |
| Furniture and vehicles | 24 | €47,383 | €35,790 | -€11,592 | -24.5% |
| Current assets | 29/58 | €180,901 | €129,756 | -€51,144 | -28.3% |
| Amounts receivable within one year | 40/41 | €577 | €44,770 | +€44,193 | +7,659% |
| Trade receivables | 40 | - | €44,770 | +€44,770 | |
| Other amounts receivable | 41 | €577 | - | -€577 | |
| Current investments | 50/53 | €35,000 | - | -€35,000 | |
| Cash at bank and in hand | 54/58 | €23,475 | €4,966 | -€18,508 | -78.8% |
| Deferred charges and accrued income | 490/1 | €121,849 | €80,020 | -€41,829 | -34.3% |
| Total equity and liabilities | 10/49 | €628,951 | €901,316 | +€272,365 | +43.3% |
| Equity | 10/15 | €430,464 | €516,779 | +€86,314 | +20.1% |
| Reserves | 13 | €430,464 | €516,779 | +€86,314 | +20.1% |
| Distributable reserves | 133 | €430,464 | €516,779 | +€86,314 | +20.1% |
| Amounts payable | 17/49 | €198,486 | €384,537 | +€186,051 | +93.7% |
| Amounts payable after more than one year | 17 | €144,573 | €293,726 | +€149,153 | +103% |
| Financial debts | 170/4 | €144,573 | €293,726 | +€149,153 | +103% |
| Amounts payable within one year | 42/48 | €53,914 | €88,896 | +€34,983 | +64.9% |
| Current portion of amounts payable after more than one year | 42 | €13,595 | €8,847 | -€4,748 | -34.9% |
| Trade debts | 44 | €4,108 | €439 | -€3,669 | -89.3% |
| Suppliers | 440/4 | €4,108 | €439 | -€3,669 | -89.3% |
| Taxes, remuneration and social security | 45 | €36,169 | €79,397 | +€43,228 | +120% |
| Taxes | 450/3 | €36,169 | €79,397 | +€43,228 | +120% |
| Other amounts payable | 47/48 | €43 | €214 | +€171 | +399% |
| Accrued charges and deferred income | 492/3 | - | €1,915 | +€1,915 | |
| Non-recurring operating income | 76A | €14,700 | - | -€14,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,452 | €23,686 | +€12,234 | +107% |
| Other operating charges | 640/8 | €70,251 | €73,584 | +€3,333 | +4.7% |
| Gross operating margin | 9900 | €229,164 | €241,925 | +€12,762 | +5.6% |
| Operating profit (loss) | 9901 | €147,462 | €144,656 | -€2,805 | -1.9% |
| Financial income | 75/76B | €22,792 | €1,621 | -€21,170 | -92.9% |
| Recurring financial income | 75 | €22,792 | €1,621 | -€21,170 | -92.9% |
| Financial charges | 65/66B | €2,898 | €14,955 | +€12,056 | +416% |
| Recurring financial charges | 65 | €2,898 | €14,955 | +€12,056 | +416% |
| Profit (loss) for the period before taxes | 9903 | €167,355 | €131,323 | -€36,032 | -21.5% |
| Income taxes | 67/77 | €52,774 | €45,009 | -€7,765 | -14.7% |
| Profit (loss) for the period | 9904 | €114,581 | €86,314 | -€28,267 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €114,581 | €86,314 | -€28,267 | -24.7% |
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 15 October 2026 via checked.be.