EFFIA Belgium: what changed
What changed
EFFIA Belgium
NACE 68.122, Development of non-residential building projects
filed annual accounts (NBB)
Net result for the year
€191,980
2024 · -€804,730+€996,710
Equity
€183.1m
2024 · €182.9m+€191,980
Cash
€1,289
2024 · €1.5m-€1.5m
Balance sheet total
€203.3m
2024 · €204.1m-€784,832
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€9.7m
down €9.7m (-69.2%), from €14.1m to €4.3m
- Current portion of long-term debt +€8.1m
new in 2025: €8.1m
Income statement
- Turnover +€4.3m
new in 2025: €4.3m
- Gross operating margin -€2.1m
no longer reported in 2025 (was €2.1m)
- Services and other goods +€1.3m
new in 2025: €1.3m
- Other operating income +€451,198
new in 2025: €451,198
- Other operating charges +€234,006
up €234,006 (+140%), from €167,651 to €401,657
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€804,730
Turnover
+€4.3m
Other operating income
+€451,198
Goods and materials
-€2,400
Services and other goods
-€1.3m
Staff costs
-€110,115
Depreciation
-€66,630
Provisions
-€26,000
Other operating charges
-€234,006
Other operating items
-€2.1m
Financial income
-€100,323
Financial charges
+€181,320
Taxes
-€5,787
Result 2025
€191,980
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€83,755
Investment
+€50,850
Financing
-€1.7m
Cash 2024
€1.5m
From operations (derived)
+€83,755
Net result for the year
+€191,980
Depreciation
+€667,504
Receivables within one year
-€1.4m
Smaller working-capital items
-€42,233
Other debts
+€753,756
Accrued charges and deferred income
-€54,061
Investment (derived)
+€50,850
Investment in fixed assets (net)
+€50,850
Financing
-€1.7m
Debts after one year
-€9.7m
Current portion of long-term debt
+€8.1m
Cash 2025
€1,289
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,051,092 | €203,266,260 | -€784,832 | -0.4% |
| Formation expenses | 20 | €12,042 | €9,094 | -€2,948 | -24.5% |
| Fixed assets | 21/28 | €200,179,022 | €199,463,616 | -€715,406 | -0.4% |
| Intangible fixed assets | 21 | €656,166 | €844,253 | +€188,087 | +28.7% |
| Tangible fixed assets | 22/27 | €3,465,681 | €3,034,211 | -€431,469 | -12.4% |
| Land and buildings | 22 | €2,484,429 | €2,379,505 | -€104,923 | -4.2% |
| Plant, machinery and equipment | 23 | €192,799 | €149,365 | -€43,434 | -22.5% |
| Furniture and vehicles | 24 | €0 | €4,118 | +€4,118 | |
| Other tangible fixed assets | 26 | €725,421 | €470,790 | -€254,631 | -35.1% |
| Assets under construction and advance payments | 27 | €63,032 | €30,432 | -€32,600 | -51.7% |
| Financial fixed assets | 28 | €196,057,175 | €195,585,151 | -€472,023 | -0.2% |
| Affiliated companies | 280/1 | - | €195,572,651 | +€195.6m | |
| Participating interests | 280 | - | €192,063,889 | +€192.1m | |
| Amounts receivable | 281 | - | €3,508,763 | +€3.5m | |
| Companies linked by participating interests | 282/3 | - | €12,500 | +€12,500 | |
| Amounts receivable | 283 | - | €12,500 | +€12,500 | |
| Current assets | 29/58 | €3,860,028 | €3,793,550 | -€66,479 | -1.7% |
| Amounts receivable within one year | 40/41 | €2,326,638 | €3,759,829 | +€1.4m | +61.6% |
| Trade receivables | 40 | €212,701 | €198,604 | -€14,096 | -6.6% |
| Other amounts receivable | 41 | €2,113,938 | €3,561,225 | +€1.4m | +68.5% |
| Cash at bank and in hand | 54/58 | €1,521,734 | €1,289 | -€1.5m | -99.9% |
| Deferred charges and accrued income | 490/1 | €11,655 | €32,431 | +€20,776 | +178% |
| Total equity and liabilities | 10/49 | €204,051,092 | €203,266,260 | -€784,832 | -0.4% |
| Equity | 10/15 | €182,926,313 | €183,118,293 | +€191,980 | +0.1% |
| Contributions | 10/11 | €185,410,000 | €185,410,000 | = | 0.0% |
| Capital | 10 | €185,410,000 | €185,410,000 | = | 0.0% |
| Issued capital | 100 | €185,410,000 | €185,410,000 | = | 0.0% |
| Reserves | 13 | €1,024,654 | €1,024,654 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250,000 | €250,000 | = | 0.0% |
| Legal reserve | 130 | €250,000 | €250,000 | = | 0.0% |
| Distributable reserves | 133 | €774,654 | €774,654 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,508,341 | -€3,316,361 | +€191,980 | +5.5% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €21,124,779 | €20,147,967 | -€976,812 | -4.6% |
| Amounts payable after more than one year | 17 | €14,080,800 | €4,335,350 | -€9.7m | -69.2% |
| Financial debts | 170/4 | €14,080,800 | €4,335,350 | -€9.7m | -69.2% |
| Other loans | 174 | - | €4,335,350 | +€4.3m | |
| Amounts payable within one year | 42/48 | €6,855,812 | €15,678,511 | +€8.8m | +129% |
| Current portion of amounts payable after more than one year | 42 | - | €8,090,400 | +€8.1m | |
| Trade debts | 44 | €393,370 | €371,192 | -€22,177 | -5.6% |
| Suppliers | 440/4 | €393,370 | €371,192 | -€22,177 | -5.6% |
| Taxes, remuneration and social security | 45 | €228,916 | €229,637 | +€720 | +0.3% |
| Taxes | 450/3 | €62,520 | €53,011 | -€9,510 | -15.2% |
| Remuneration and social security | 454/9 | €166,396 | €176,626 | +€10,230 | +6.1% |
| Other amounts payable | 47/48 | €6,233,526 | €6,987,282 | +€753,756 | +12.1% |
| Accrued charges and deferred income | 492/3 | €188,167 | €134,106 | -€54,061 | -28.7% |
| Operating income | 70/76A | - | €4,709,481 | +€4.7m | |
| Turnover | 70 | - | €4,258,283 | +€4.3m | |
| Other operating income | 74 | - | €451,198 | +€451,198 | |
| Operating charges | 60/66A | - | €4,032,113 | +€4.0m | |
| Goods for resale, raw materials and consumables | 60 | - | €2,400 | +€2,400 | |
| Purchases | 600/8 | - | €2,400 | +€2,400 | |
| Services and other goods | 61 | - | €1,280,346 | +€1.3m | |
| Remuneration, social security and pensions | 62 | €1,570,091 | €1,680,206 | +€110,115 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €600,873 | €667,504 | +€66,630 | +11.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€26,000 | - | +€26,000 | |
| Other operating charges | 640/8 | €167,651 | €401,657 | +€234,006 | +140% |
| Operating charges capitalised as restructuring costs | 649 | €0 | €0 | = | |
| Non-recurring operating charges | 66A | €35,138 | - | -€35,138 | |
| Gross operating margin | 9900 | €2,103,622 | - | -€2.1m | |
| Operating profit (loss) | 9901 | -€244,132 | €677,368 | +€921,500 | |
| Financial income | 75/76B | €221,434 | €121,111 | -€100,323 | -45.3% |
| Recurring financial income | 75 | €216,434 | €121,111 | -€95,323 | -44.0% |
| Income from current assets | 751 | - | €120,112 | +€120,112 | |
| Other financial income | 752/9 | - | €999 | +€999 | |
| Non-recurring financial income | 76B | €5,000 | - | -€5,000 | |
| Financial charges | 65/66B | €780,993 | €599,674 | -€181,320 | -23.2% |
| Recurring financial charges | 65 | €780,993 | €599,674 | -€181,320 | -23.2% |
| Debt charges | 650 | - | €589,087 | +€589,087 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €0 | = | |
| Other financial charges | 652/9 | - | €10,587 | +€10,587 | |
| Profit (loss) for the period before taxes | 9903 | -€803,691 | €198,806 | +€1.0m | |
| Income taxes | 67/77 | €1,039 | €6,826 | +€5,787 | +557% |
| Taxes | 670/3 | - | €6,826 | +€6,826 | |
| Profit (loss) for the period | 9904 | -€804,730 | €191,980 | +€996,710 | |
| Profit (loss) for the period to be appropriated | 9905 | -€804,730 | €191,980 | +€996,710 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.