EFIMO FP: 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.
What changed
EFIMO FP
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€111,300
2024 · €193,396-€304,696
Equity
€16.3m
2024 · €16.5m-€111,300
Cash
€72,972
2024 · €217,736-€144,764
Balance sheet total
€20.8m
2024 · €20.5m+€350,280
Largest movements
Assets
- Tangible fixed assets +€569,197
up €569,197 (+3.2%), from €17.7m to €18.3m
of which Land and buildings: +€620,513
- Financial fixed assets -€215,550
down €215,550 (-11.9%), from €1.8m to €1.6m
- Receivables within one year +€215,246
up €215,246 (+78.5%), from €274,305 to €489,551
of which Trade receivables: +€226,532
Equity and liabilities
- Other debts +€619,055
up €619,055 (+255.4%), from €242,424 to €861,480
Income statement
- Gross operating margin -€198,257
down €198,257 (-15.6%), from €1.3m to €1.1m
- Staff costs +€78,539
up €78,539 (+12.3%), from €640,695 to €719,234
- Financial income -€18,749
down €18,749 (-49.3%), from €38,051 to €19,302
- Depreciation +€16,261
up €16,261 (+5.7%), from €283,725 to €299,986
- Financial charges -€14,454
down €14,454 (-11.8%), from €122,032 to €107,577
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.
Result 2024
€193,396
Gross operating margin
-€198,257
Staff costs
-€78,539
Depreciation
-€16,261
Other operating charges
-€3,972
Other operating items
-€2,684
Financial income
-€18,749
Financial charges
+€14,454
Taxes
-€688
Result 2025
-€111,300
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.
From operations
+€508,868
Investment
-€653,632
Financing
€0
Cash 2024
€217,736
From operations (derived)
+€508,868
Net result for the year
-€111,300
Depreciation
+€299,986
Receivables after one year
+€49,753
Stocks and contracts
+€45,278
Receivables within one year
-€215,246
Deferred charges and accrued income
-€21,182
Trade debts
-€59,973
Tax, wage and social debts
+€15,869
Advances received
-€400
Other debts
+€619,055
Accrued charges and deferred income
-€112,971
Investment (derived)
-€653,632
Investment in fixed assets (net)
-€653,632
Cash 2025
€72,972
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,459,819 | €20,810,099 | +€350,280 | +1.7% |
| Fixed assets | 21/28 | €19,551,604 | €19,905,250 | +€353,646 | +1.8% |
| Tangible fixed assets | 22/27 | €17,744,781 | €18,313,978 | +€569,197 | +3.2% |
| Land and buildings | 22 | €17,479,356 | €18,099,869 | +€620,513 | +3.5% |
| Plant, machinery and equipment | 23 | €83,824 | €94,623 | +€10,798 | +12.9% |
| Furniture and vehicles | 24 | €181,600 | €119,486 | -€62,115 | -34.2% |
| Financial fixed assets | 28 | €1,806,823 | €1,591,273 | -€215,550 | -11.9% |
| Current assets | 29/58 | €908,215 | €904,849 | -€3,366 | -0.4% |
| Amounts receivable after more than one year | 29 | €313,060 | €263,307 | -€49,753 | -15.9% |
| Trade receivables | 290 | €313,060 | €263,307 | -€49,753 | -15.9% |
| Stocks and contracts in progress | 3 | €52,523 | €7,245 | -€45,278 | -86.2% |
| Stocks | 30/36 | €52,523 | €7,245 | -€45,278 | -86.2% |
| Amounts receivable within one year | 40/41 | €274,305 | €489,551 | +€215,246 | +78.5% |
| Trade receivables | 40 | €236,721 | €463,253 | +€226,532 | +95.7% |
| Other amounts receivable | 41 | €37,584 | €26,298 | -€11,286 | -30.0% |
| Cash at bank and in hand | 54/58 | €217,736 | €72,972 | -€144,764 | -66.5% |
| Deferred charges and accrued income | 490/1 | €50,592 | €71,774 | +€21,182 | +41.9% |
| Total equity and liabilities | 10/49 | €20,459,819 | €20,810,099 | +€350,280 | +1.7% |
| Equity | 10/15 | €16,458,922 | €16,347,621 | -€111,300 | -0.7% |
| Contributions | 10/11 | €15,645,867 | €15,645,867 | = | 0.0% |
| Capital | 10 | €15,645,867 | €15,645,867 | = | 0.0% |
| Issued capital | 100 | €15,645,867 | €15,645,867 | = | 0.0% |
| Reserves | 13 | €163,832 | €163,832 | = | 0.0% |
| Non-distributable reserves | 130/1 | €163,832 | €163,832 | = | 0.0% |
| Legal reserve | 130 | €163,832 | €163,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | €649,223 | €537,922 | -€111,300 | -17.1% |
| Amounts payable | 17/49 | €4,000,897 | €4,462,478 | +€461,580 | +11.5% |
| Amounts payable after more than one year | 17 | €3,080,335 | €3,080,335 | = | 0.0% |
| Other amounts payable | 178/9 | €3,080,335 | €3,080,335 | = | 0.0% |
| Amounts payable within one year | 42/48 | €610,209 | €1,184,760 | +€574,551 | +94.2% |
| Trade debts | 44 | €243,560 | €183,587 | -€59,973 | -24.6% |
| Suppliers | 440/4 | €243,560 | €183,587 | -€59,973 | -24.6% |
| Advances received on contracts in progress | 46 | €12,400 | €12,000 | -€400 | -3.2% |
| Taxes, remuneration and social security | 45 | €111,824 | €127,693 | +€15,869 | +14.2% |
| Taxes | 450/3 | €5,886 | €12,106 | +€6,221 | +105.7% |
| Remuneration and social security | 454/9 | €105,938 | €115,587 | +€9,648 | +9.1% |
| Other amounts payable | 47/48 | €242,424 | €861,480 | +€619,055 | +255.4% |
| Accrued charges and deferred income | 492/3 | €310,354 | €197,383 | -€112,971 | -36.4% |
| Non-recurring operating income | 76A | €313,380 | €76,126 | -€237,253 | -75.7% |
| Remuneration, social security and pensions | 62 | €640,695 | €719,234 | +€78,539 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283,725 | €299,986 | +€16,261 | +5.7% |
| Other operating charges | 640/8 | €70,045 | €74,018 | +€3,972 | +5.7% |
| Non-recurring operating charges | 66A | - | €2,684 | +€2,684 | |
| Gross operating margin | 9900 | €1,271,873 | €1,073,616 | -€198,257 | -15.6% |
| Operating profit (loss) | 9901 | €277,407 | -€22,306 | -€299,713 | |
| Financial income | 75/76B | €38,051 | €19,302 | -€18,749 | -49.3% |
| Recurring financial income | 75 | €38,051 | €19,302 | -€18,749 | -49.3% |
| Financial charges | 65/66B | €122,032 | €107,577 | -€14,454 | -11.8% |
| Recurring financial charges | 65 | €122,032 | €107,577 | -€14,454 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €193,426 | -€110,582 | -€304,008 | |
| Income taxes | 67/77 | €31 | €718 | +€688 | +2251.6% |
| Profit (loss) for the period | 9904 | €193,396 | -€111,300 | -€304,696 | |
| Profit (loss) for the period to be appropriated | 9905 | €193,396 | -€111,300 | -€304,696 |
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 30 September 2026 via checked.be.