EFIA: 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.
EFIA
Largest movements
- Cash -€60,700
down €60,700 (-43.4%), from €139,910 to €79,210
mainly Investment in fixed assets (net) (-€89,577) and Debts after one year (-€59,528)
- Tangible fixed assets +€28,141
up €28,141 (+3.6%), from €784,662 to €812,803
of which Plant, machinery and equipment: +€70,216
- Debts after one year -€59,528
down €59,528 (-26.5%), from €224,359 to €164,831
- Profit (loss) carried forward +€13,701
up €13,701 (+2.3%), from €604,232 to €617,933
- Purchases and services -€41,667
down €41,667 (-62.9%), from €66,295 to €24,628
- Gross operating margin +€39,050
up €39,050 (+53.5%), from €73,011 to €112,061
- Other operating charges +€23,583
up €23,583 (+775.0%), from €3,043 to €26,625
- Depreciation +€8,331
up €8,331 (+15.7%), from €53,105 to €61,436
- Taxes +€3,388
up €3,388 (+93.8%), from €3,612 to €7,000
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 | €972,739 | €935,609 | -€37,130 | -3.8% |
| Fixed assets | 21/28 | €784,662 | €812,803 | +€28,141 | +3.6% |
| Tangible fixed assets | 22/27 | €784,662 | €812,803 | +€28,141 | +3.6% |
| Land and buildings | 22 | €720,225 | €678,151 | -€42,074 | -5.8% |
| Plant, machinery and equipment | 23 | €64,437 | €134,652 | +€70,216 | +109.0% |
| Current assets | 29/58 | €188,078 | €122,806 | -€65,272 | -34.7% |
| Amounts receivable within one year | 40/41 | €43,376 | €36,804 | -€6,572 | -15.2% |
| Trade receivables | 40 | €39,438 | - | -€39,438 | |
| Other amounts receivable | 41 | €3,938 | €36,804 | +€32,866 | +834.5% |
| Cash at bank and in hand | 54/58 | €139,910 | €79,210 | -€60,700 | -43.4% |
| Deferred charges and accrued income | 490/1 | €4,792 | €6,792 | +€2,000 | +41.7% |
| Total equity and liabilities | 10/49 | €972,739 | €935,609 | -€37,130 | -3.8% |
| Equity | 10/15 | €682,961 | €696,662 | +€13,701 | +2.0% |
| Contributions | 10/11 | €20,452 | €20,452 | = | 0.0% |
| Reserves | 13 | €58,277 | €58,277 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,277 | €58,277 | = | 0.0% |
| Profit (loss) carried forward | 14 | €604,232 | €617,933 | +€13,701 | +2.3% |
| Amounts payable | 17/49 | €289,778 | €238,947 | -€50,831 | -17.5% |
| Amounts payable after more than one year | 17 | €224,359 | €164,831 | -€59,528 | -26.5% |
| Financial debts | 170/4 | €224,359 | €164,831 | -€59,528 | -26.5% |
| Amounts payable within one year | 42/48 | €65,419 | €74,116 | +€8,696 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €64,558 | €59,528 | -€5,030 | -7.8% |
| Trade debts | 44 | €477 | €9,588 | +€9,111 | +1909.8% |
| Suppliers | 440/4 | €477 | €9,588 | +€9,111 | +1909.8% |
| Taxes, remuneration and social security | 45 | €385 | €5,000 | +€4,615 | +1199.4% |
| Taxes | 450/3 | - | €5,000 | +€5,000 | |
| Remuneration and social security | 454/9 | €385 | - | -€385 | |
| Turnover | 70 | €139,306 | €136,689 | -€2,616 | -1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €66,295 | €24,628 | -€41,667 | -62.9% |
| Remuneration, social security and pensions | 62 | €5,552 | €3,250 | -€2,301 | -41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,105 | €61,436 | +€8,331 | +15.7% |
| Other operating charges | 640/8 | €3,043 | €26,625 | +€23,583 | +775.0% |
| Non-recurring operating charges | 66A | €787 | - | -€787 | |
| Gross operating margin | 9900 | €73,011 | €112,061 | +€39,050 | +53.5% |
| Operating profit (loss) | 9901 | €10,525 | €20,750 | +€10,225 | +97.1% |
| Financial income | 75/76B | €1,092 | €1,304 | +€212 | +19.4% |
| Recurring financial income | 75 | €1,092 | €1,304 | +€212 | +19.4% |
| Financial charges | 65/66B | €1,358 | €1,353 | -€5 | -0.3% |
| Recurring financial charges | 65 | €1,358 | €1,353 | -€5 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €10,260 | €20,701 | +€10,441 | +101.8% |
| Income taxes | 67/77 | €3,612 | €7,000 | +€3,388 | +93.8% |
| Profit (loss) for the period | 9904 | €6,648 | €13,701 | +€7,053 | +106.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,648 | €13,701 | +€7,053 | +106.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.