EFFIC: 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.
EFFIC
Largest movements
- Tangible fixed assets -€231,239
no longer reported in 2025 (was €231,239)
of which Land and buildings: -€197,470
- Current investments -€128,795
no longer reported in 2025 (was €128,795)
- Cash -€30,735
no longer reported in 2025 (was €30,735)
mainly Current portion of long-term debt (-€137,278) and Net result for the year (-€90,013)
- Current portion of long-term debt -€137,278
no longer reported in 2025 (was €137,278)
- Profit (loss) carried forward -€90,013
down €90,013, from €0 to -€90,013
- Reserves -€63,025
down €63,025 (-42.0%), from €150,041 to €87,016
- Debts after one year -€52,278
no longer reported in 2025 (was €52,278)
- Other debts -€45,580
no longer reported in 2025 (was €45,580)
- Gross operating margin -€68,773
down €68,773, from €35,434 to -€33,339
- Other operating charges +€51,144
up €51,144 (+2,322%), from €2,203 to €53,347
- Depreciation -€21,583
no longer reported in 2025 (was €21,583)
- Financial charges -€3,825
down €3,825 (-51.4%), from €7,436 to €3,611
- Taxes -€1,145
no longer reported in 2025 (was €1,145)
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 | €395,589 | €3,703 | -€391,886 | -99.1% |
| Fixed assets | 21/28 | €231,239 | - | -€231,239 | |
| Tangible fixed assets | 22/27 | €231,239 | - | -€231,239 | |
| Land and buildings | 22 | €197,470 | - | -€197,470 | |
| Plant, machinery and equipment | 23 | €342 | - | -€342 | |
| Furniture and vehicles | 24 | €33,427 | - | -€33,427 | |
| Current assets | 29/58 | €164,350 | €3,703 | -€160,647 | -97.7% |
| Amounts receivable within one year | 40/41 | €2,647 | €3,703 | +€1,056 | +39.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,647 | €3,703 | +€1,056 | +39.9% |
| Current investments | 50/53 | €128,795 | - | -€128,795 | |
| Cash at bank and in hand | 54/58 | €30,735 | - | -€30,735 | |
| Deferred charges and accrued income | 490/1 | €2,172 | - | -€2,172 | |
| Total equity and liabilities | 10/49 | €395,589 | €3,703 | -€391,886 | -99.1% |
| Equity | 10/15 | €156,741 | €3,703 | -€153,038 | -97.6% |
| Contributions | 10/11 | €6,700 | €6,700 | = | 0.0% |
| Reserves | 13 | €150,041 | €87,016 | -€63,025 | -42.0% |
| Distributable reserves | 133 | €150,041 | €87,016 | -€63,025 | -42.0% |
| Profit (loss) carried forward | 14 | €0 | -€90,013 | -€90,013 | |
| Amounts payable | 17/49 | €238,848 | - | -€238,848 | |
| Amounts payable after more than one year | 17 | €52,278 | - | -€52,278 | |
| Financial debts | 170/4 | €52,278 | - | -€52,278 | |
| Amounts payable within one year | 42/48 | €184,812 | - | -€184,812 | |
| Current portion of amounts payable after more than one year | 42 | €137,278 | - | -€137,278 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €544 | - | -€544 | |
| Suppliers | 440/4 | €544 | - | -€544 | |
| Taxes, remuneration and social security | 45 | €1,410 | - | -€1,410 | |
| Taxes | 450/3 | €1,410 | - | -€1,410 | |
| Other amounts payable | 47/48 | €45,580 | - | -€45,580 | |
| Accrued charges and deferred income | 492/3 | €1,759 | - | -€1,759 | |
| Non-recurring operating income | 76A | €10,996 | - | -€10,996 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,583 | - | -€21,583 | |
| Other operating charges | 640/8 | €2,203 | €53,347 | +€51,144 | +2,322% |
| Gross operating margin | 9900 | €35,434 | -€33,339 | -€68,773 | |
| Operating profit (loss) | 9901 | €11,648 | -€86,686 | -€98,333 | |
| Financial income | 75/76B | €416 | €284 | -€133 | -31.9% |
| Recurring financial income | 75 | €416 | €284 | -€133 | -31.9% |
| Financial charges | 65/66B | €7,436 | €3,611 | -€3,825 | -51.4% |
| Recurring financial charges | 65 | €7,436 | €3,611 | -€3,825 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €4,628 | -€90,013 | -€94,641 | |
| Income taxes | 67/77 | €1,145 | - | -€1,145 | |
| Profit (loss) for the period | 9904 | €3,483 | -€90,013 | -€93,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,483 | -€90,013 | -€93,496 |
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 13 October 2026 via checked.be.