EFEMIA: 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.
EFEMIA
Largest movements
- Receivables within one year -€28,500
down €28,500 (-35.6%), from €80,000 to €51,500
- Tangible fixed assets -€18,053
down €18,053 (-3.8%), from €475,543 to €457,490
of which Land and buildings: -€17,053
- Profit (loss) carried forward -€48,670
down €48,670 (-215.5%), from -€22,587 to -€71,257
- Gross operating margin -€66,452
down €66,452, from €38,802 to -€27,650
- Other operating charges -€1,032
down €1,032 (-18.2%), from €5,670 to €4,638
- Financial charges -€946
down €946 (-83.7%), from €1,130 to €184
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 | €562,290 | €510,318 | -€51,972 | -9.2% |
| Fixed assets | 21/28 | €476,544 | €458,491 | -€18,053 | -3.8% |
| Tangible fixed assets | 22/27 | €475,543 | €457,490 | -€18,053 | -3.8% |
| Land and buildings | 22 | €473,543 | €456,490 | -€17,053 | -3.6% |
| Furniture and vehicles | 24 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Financial fixed assets | 28 | €1,001 | €1,001 | = | 0.0% |
| Current assets | 29/58 | €85,746 | €51,827 | -€33,920 | -39.6% |
| Amounts receivable within one year | 40/41 | €80,000 | €51,500 | -€28,500 | -35.6% |
| Other amounts receivable | 41 | €80,000 | €51,500 | -€28,500 | -35.6% |
| Cash at bank and in hand | 54/58 | €4,885 | €327 | -€4,558 | -93.3% |
| Deferred charges and accrued income | 490/1 | €862 | €0 | -€862 | -100.0% |
| Total equity and liabilities | 10/49 | €562,290 | €510,318 | -€51,972 | -9.2% |
| Equity | 10/15 | -€2,182 | -€52,707 | -€50,525 | -2315.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €0 | -€1,855 | -100.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,855 | €0 | -€1,855 | -100.0% |
| Profit (loss) carried forward | 14 | -€22,587 | -€71,257 | -€48,670 | -215.5% |
| Amounts payable | 17/49 | €564,473 | €563,025 | -€1,448 | -0.3% |
| Amounts payable after more than one year | 17 | €510,890 | €510,240 | -€650 | -0.1% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €510,890 | €510,240 | -€650 | -0.1% |
| Amounts payable within one year | 42/48 | €53,583 | €52,785 | -€798 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €1,303 | €505 | -€798 | -61.2% |
| Suppliers | 440/4 | €1,303 | €505 | -€798 | -61.2% |
| Other amounts payable | 47/48 | €2,280 | €2,280 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,053 | €18,053 | = | 0.0% |
| Other operating charges | 640/8 | €5,670 | €4,638 | -€1,032 | -18.2% |
| Gross operating margin | 9900 | €38,802 | -€27,650 | -€66,452 | |
| Operating profit (loss) | 9901 | €15,080 | -€50,341 | -€65,420 | |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €1,130 | €184 | -€946 | -83.7% |
| Recurring financial charges | 65 | €1,130 | €184 | -€946 | -83.7% |
| Profit (loss) for the period before taxes | 9903 | €13,954 | -€50,525 | -€64,479 | |
| Profit (loss) for the period | 9904 | €13,954 | -€50,525 | -€64,479 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,954 | -€50,525 | -€64,479 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.