EGIFAL: 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.
What changed
EGIFAL
NACE 10.610, Manufacture of food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5,886
2024 · €35,137-€41,024
Equity
€161,846
2024 · €167,732-€5,886
Cash
€7,992
2024 · €7,359+€633
Balance sheet total
€891,029
2024 · €619,867+€271,162
Largest movements
Assets
- Tangible fixed assets +€277,474
up €277,474 (+48.7%), from €569,657 to €847,131
of which Land and buildings: +€287,101
Equity and liabilities
- Other debts +€345,437
up €345,437 (+175%), from €196,986 to €542,423
- Trade debts -€36,888
down €36,888 (-70.5%), from €52,330 to €15,442
- Debts after one year -€21,288
down €21,288 (-13.1%), from €162,499 to €141,211
of which Financial debts: -€20,488
- Tax, wage and social debts -€12,609
down €12,609 (-85.3%), from €14,778 to €2,169
Income statement
- Other operating charges +€30,893
up €30,893 (+312%), from €9,909 to €40,802
- Taxes -€13,991
down €13,991 (-75.5%), from €18,524 to €4,533
- Gross operating margin -€10,486
down €10,486 (-8.9%), from €118,257 to €107,771
- Provisions +€4,500
new in 2025: €4,500
- Depreciation +€2,763
up €2,763 (+5.6%), from €49,172 to €51,936
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
€35,137
Gross operating margin
-€10,486
Depreciation
-€2,763
Provisions
-€4,500
Other operating charges
-€30,893
Other operating items
-€6,253
Financial income
-€22
Financial charges
-€98
Taxes
+€13,991
Result 2025
-€5,886
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€350,935
Investment
-€329,410
Financing
-€20,892
Cash 2024
€7,359
From operations (derived)
+€350,935
Net result for the year
-€5,886
Depreciation
+€51,936
Receivables within one year
+€7,049
Deferred charges and accrued income
-€104
Provisions
+€4,500
Trade debts
-€36,888
Tax, wage and social debts
-€12,609
Other debts
+€345,437
Accrued charges and deferred income
-€2,500
Investment (derived)
-€329,410
Investment in fixed assets (net)
-€329,410
Financing
-€20,892
Debts after one year
-€21,288
Current portion of long-term debt
+€396
Cash 2025
€7,992
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €619,867 | €891,029 | +€271,162 | +43.7% |
| Fixed assets | 21/28 | €569,657 | €847,131 | +€277,474 | +48.7% |
| Tangible fixed assets | 22/27 | €569,657 | €847,131 | +€277,474 | +48.7% |
| Land and buildings | 22 | €540,559 | €827,660 | +€287,101 | +53.1% |
| Plant, machinery and equipment | 23 | €1,540 | €967 | -€574 | -37.2% |
| Furniture and vehicles | 24 | €27,558 | €18,504 | -€9,054 | -32.9% |
| Current assets | 29/58 | €50,210 | €43,899 | -€6,312 | -12.6% |
| Amounts receivable within one year | 40/41 | €40,595 | €33,546 | -€7,049 | -17.4% |
| Trade receivables | 40 | €38,856 | €20,078 | -€18,777 | -48.3% |
| Other amounts receivable | 41 | €1,739 | €13,467 | +€11,729 | +675% |
| Cash at bank and in hand | 54/58 | €7,359 | €7,992 | +€633 | +8.6% |
| Deferred charges and accrued income | 490/1 | €2,257 | €2,361 | +€104 | +4.6% |
| Total equity and liabilities | 10/49 | €619,867 | €891,029 | +€271,162 | +43.7% |
| Equity | 10/15 | €167,732 | €161,846 | -€5,886 | -3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €149,070 | €149,070 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,500 | €5,500 | = | 0.0% |
| Distributable reserves | 133 | €141,710 | €141,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62 | -€5,824 | -€5,886 | |
| Provisions and deferred taxes | 16 | - | €4,500 | +€4,500 | |
| Provisions for liabilities and charges | 160/5 | - | €4,500 | +€4,500 | |
| Other liabilities and charges | 164/5 | - | €4,500 | +€4,500 | |
| Amounts payable | 17/49 | €452,135 | €724,683 | +€272,549 | +60.3% |
| Amounts payable after more than one year | 17 | €162,499 | €141,211 | -€21,288 | -13.1% |
| Financial debts | 170/4 | €57,793 | €37,305 | -€20,488 | -35.5% |
| Other amounts payable | 178/9 | €104,706 | €103,906 | -€800 | -0.8% |
| Amounts payable within one year | 42/48 | €284,186 | €580,523 | +€296,337 | +104% |
| Current portion of amounts payable after more than one year | 42 | €20,092 | €20,488 | +€396 | +2.0% |
| Trade debts | 44 | €52,330 | €15,442 | -€36,888 | -70.5% |
| Suppliers | 440/4 | €52,330 | €15,442 | -€36,888 | -70.5% |
| Taxes, remuneration and social security | 45 | €14,778 | €2,169 | -€12,609 | -85.3% |
| Taxes | 450/3 | €14,778 | €2,169 | -€12,609 | -85.3% |
| Other amounts payable | 47/48 | €196,986 | €542,423 | +€345,437 | +175% |
| Accrued charges and deferred income | 492/3 | €5,450 | €2,950 | -€2,500 | -45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,172 | €51,936 | +€2,763 | +5.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €4,500 | +€4,500 | |
| Other operating charges | 640/8 | €9,909 | €40,802 | +€30,893 | +312% |
| Non-recurring operating charges | 66A | - | €6,253 | +€6,253 | |
| Gross operating margin | 9900 | €118,257 | €107,771 | -€10,486 | -8.9% |
| Operating profit (loss) | 9901 | €59,175 | €4,280 | -€54,895 | -92.8% |
| Financial income | 75/76B | €22 | €0 | -€22 | -99.9% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -99.9% |
| Financial charges | 65/66B | €5,536 | €5,634 | +€98 | +1.8% |
| Recurring financial charges | 65 | €5,536 | €5,634 | +€98 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €53,661 | -€1,354 | -€55,015 | |
| Income taxes | 67/77 | €18,524 | €4,533 | -€13,991 | -75.5% |
| Profit (loss) for the period | 9904 | €35,137 | -€5,886 | -€41,024 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,137 | -€5,886 | -€41,024 |
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 16 October 2026 via checked.be.