EFKLIA: 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.
EFKLIA
Largest movements
- Stocks and contracts -€1.0m
down €1.0m (-83.1%), from €1.3m to €213,493
- Cash +€220,279
up €220,279 (+3564.0%), from €6,181 to €226,460
mainly Stocks and contracts (+€1.0m) and Net result for the year (+€98,754)
- Receivables within one year +€30,144
new in 2025: €30,144
of which Other amounts receivable: +€30,000
- Current portion of long-term debt -€636,770
no longer reported in 2025 (was €636,770)
- Debts after one year -€269,417
down €269,417 (-60.0%), from €449,213 to €179,795
of which Financial debts: -€260,703
- Profit (loss) carried forward +€118,513
up €118,513 (+35.8%), from €331,024 to €449,537
- Reserves -€19,758
down €19,758 (-8.0%), from €248,343 to €228,584
of which Tax-exempt reserves: -€19,758
- Gross operating margin +€109,679
up €109,679 (+552.1%), from €19,867 to €129,546
- Depreciation -€45,000
down €45,000 (-79.2%), from €56,831 to €11,831
- Financial charges -€22,525
down €22,525 (-59.1%), from €38,116 to €15,591
- Other operating charges -€5,658
down €5,658 (-30.1%), from €18,814 to €13,156
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 | €1,946,517 | €1,135,347 | -€811,170 | -41.7% |
| Fixed assets | 21/28 | €677,081 | €665,250 | -€11,831 | -1.7% |
| Tangible fixed assets | 22/27 | €677,081 | €665,250 | -€11,831 | -1.7% |
| Land and buildings | 22 | €671,500 | €665,250 | -€6,250 | -0.9% |
| Furniture and vehicles | 24 | €5,581 | - | -€5,581 | |
| Current assets | 29/58 | €1,269,436 | €470,097 | -€799,339 | -63.0% |
| Stocks and contracts in progress | 3 | €1,263,255 | €213,493 | -€1.0m | -83.1% |
| Stocks | 30/36 | €1,263,255 | €213,493 | -€1.0m | -83.1% |
| Amounts receivable within one year | 40/41 | - | €30,144 | +€30,144 | |
| Trade receivables | 40 | - | €144 | +€144 | |
| Other amounts receivable | 41 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €6,181 | €226,460 | +€220,279 | +3564.0% |
| Total equity and liabilities | 10/49 | €1,946,517 | €1,135,347 | -€811,170 | -41.7% |
| Equity | 10/15 | €690,918 | €789,673 | +€98,754 | +14.3% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Capital | 10 | €111,552 | €111,552 | = | 0.0% |
| Issued capital | 100 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €248,343 | €228,584 | -€19,758 | -8.0% |
| Non-distributable reserves | 130/1 | €11,155 | €11,155 | = | 0.0% |
| Legal reserve | 130 | €11,155 | €11,155 | = | 0.0% |
| Tax-exempt reserves | 132 | €237,187 | €217,429 | -€19,758 | -8.3% |
| Profit (loss) carried forward | 14 | €331,024 | €449,537 | +€118,513 | +35.8% |
| Provisions and deferred taxes | 16 | €122,058 | €111,879 | -€10,179 | -8.3% |
| Deferred taxes | 168 | €122,058 | €111,879 | -€10,179 | -8.3% |
| Amounts payable | 17/49 | €1,133,541 | €233,795 | -€899,746 | -79.4% |
| Amounts payable after more than one year | 17 | €449,213 | €179,795 | -€269,417 | -60.0% |
| Financial debts | 170/4 | €260,703 | - | -€260,703 | |
| Other amounts payable | 178/9 | €188,509 | €179,795 | -€8,714 | -4.6% |
| Amounts payable within one year | 42/48 | €684,329 | €54,000 | -€630,329 | -92.1% |
| Current portion of amounts payable after more than one year | 42 | €636,770 | - | -€636,770 | |
| Trade debts | 44 | €358 | - | -€358 | |
| Suppliers | 440/4 | €358 | - | -€358 | |
| Taxes, remuneration and social security | 45 | €47,200 | €54,000 | +€6,800 | +14.4% |
| Remuneration and social security | 454/9 | €47,200 | €54,000 | +€6,800 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,831 | €11,831 | -€45,000 | -79.2% |
| Other operating charges | 640/8 | €18,814 | €13,156 | -€5,658 | -30.1% |
| Gross operating margin | 9900 | €19,867 | €129,546 | +€109,679 | +552.1% |
| Operating profit (loss) | 9901 | -€55,779 | €104,559 | +€160,338 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -95.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -95.0% |
| Financial charges | 65/66B | €38,116 | €15,591 | -€22,525 | -59.1% |
| Recurring financial charges | 65 | €38,116 | €15,591 | -€22,525 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | -€93,894 | €88,968 | +€182,862 | |
| Transfer from deferred taxes | 780 | €10,179 | €10,179 | = | 0.0% |
| Income taxes | 67/77 | - | €392 | +€392 | |
| Profit (loss) for the period | 9904 | -€83,715 | €98,754 | +€182,470 | |
| Transfer from tax-exempt reserves | 789 | €19,758 | €19,758 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,957 | €118,513 | +€182,470 |
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 3 October 2026 via checked.be.