EFB 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.
EFB Immo
Largest movements
- Tangible fixed assets -€40,836
down €40,836 (-3.9%), from €1.1m to €1.0m
- Debts after one year -€79,213
down €79,213 (-8.2%), from €961,408 to €882,195
- Profit (loss) carried forward +€28,063
up €28,063 (+60.4%), from €46,477 to €74,541
- Gross operating margin +€14,644
up €14,644 (+19.8%), from €73,885 to €88,529
- Depreciation -€5,579
down €5,579 (-12.0%), from €46,415 to €40,836
- Taxes +€4,436
up €4,436 (+172.0%), from €2,579 to €7,016
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,081,735 | €1,030,322 | -€51,413 | -4.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,055,609 | €1,014,774 | -€40,836 | -3.9% |
| Tangible fixed assets | 22/27 | €1,055,609 | €1,014,774 | -€40,836 | -3.9% |
| Land and buildings | 22 | €1,055,609 | €1,014,774 | -€40,836 | -3.9% |
| Current assets | 29/58 | €26,126 | €15,549 | -€10,577 | -40.5% |
| Amounts receivable within one year | 40/41 | €8,259 | €4 | -€8,255 | -99.9% |
| Trade receivables | 40 | €834 | €0 | -€834 | -100.0% |
| Other amounts receivable | 41 | €7,425 | €4 | -€7,420 | -99.9% |
| Cash at bank and in hand | 54/58 | €16,505 | €13,670 | -€2,835 | -17.2% |
| Deferred charges and accrued income | 490/1 | €1,361 | €1,874 | +€513 | +37.7% |
| Total equity and liabilities | 10/49 | €1,081,735 | €1,030,322 | -€51,413 | -4.8% |
| Equity | 10/15 | €53,977 | €82,041 | +€28,063 | +52.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,477 | €74,541 | +€28,063 | +60.4% |
| Amounts payable | 17/49 | €1,027,758 | €948,282 | -€79,476 | -7.7% |
| Amounts payable after more than one year | 17 | €961,408 | €882,195 | -€79,213 | -8.2% |
| Financial debts | 170/4 | €961,408 | €882,195 | -€79,213 | -8.2% |
| Amounts payable within one year | 42/48 | €65,050 | €64,862 | -€188 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €63,670 | €64,213 | +€543 | +0.9% |
| Trade debts | 44 | - | €649 | +€649 | |
| Suppliers | 440/4 | - | €649 | +€649 | |
| Other amounts payable | 47/48 | €1,380 | €0 | -€1,380 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,300 | €1,225 | -€75 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,415 | €40,836 | -€5,579 | -12.0% |
| Other operating charges | 640/8 | €3,894 | €4,041 | +€147 | +3.8% |
| Gross operating margin | 9900 | €73,885 | €88,529 | +€14,644 | +19.8% |
| Operating profit (loss) | 9901 | €23,577 | €43,652 | +€20,076 | +85.2% |
| Financial income | 75/76B | €14 | €67 | +€54 | +390.5% |
| Recurring financial income | 75 | €14 | €67 | +€54 | +390.5% |
| Financial charges | 65/66B | €9,253 | €8,641 | -€613 | -6.6% |
| Recurring financial charges | 65 | €9,253 | €8,641 | -€613 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €14,337 | €35,079 | +€20,742 | +144.7% |
| Income taxes | 67/77 | €2,579 | €7,016 | +€4,436 | +172.0% |
| Profit (loss) for the period | 9904 | €11,758 | €28,063 | +€16,306 | +138.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,758 | €28,063 | +€16,306 | +138.7% |
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 12 October 2026 via checked.be.