IMMO EFFERTZ: 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.
IMMO EFFERTZ
Largest movements
- Cash +€108,677
up €108,677 (+13.9%), from €779,679 to €888,356
mainly Advances received (+€110,918) and Other debts (+€50,108)
- Tangible fixed assets +€50,069
up €50,069 (+133%), from €37,669 to €87,737
of which Furniture and vehicles: +€52,043
- Advances received +€110,918
up €110,918 (+42.7%), from €259,733 to €370,650
- Reserves -€90,700
down €90,700 (-31.9%), from €284,300 to €193,600
- Other debts +€50,108
up €50,108 (+29.8%), from €168,004 to €218,112
- Trade debts +€49,339
up €49,339 (+84.5%), from €58,360 to €107,699
- Tax, wage and social debts +€25,983
up €25,983 (+88.4%), from €29,399 to €55,382
of which Taxes: +€18,982
- Gross operating margin +€34,588
up €34,588 (+18.3%), from €189,322 to €223,910
- Staff costs +€23,909
up €23,909 (+17.7%), from €135,409 to €159,318
- Depreciation +€7,389
up €7,389 (+52.5%), from €14,083 to €21,473
- Other operating charges +€2,961
up €2,961 (+79.0%), from €3,747 to €6,708
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 | €829,248 | €997,617 | +€168,369 | +20.3% |
| Fixed assets | 21/28 | €37,669 | €87,737 | +€50,069 | +133% |
| Tangible fixed assets | 22/27 | €37,669 | €87,737 | +€50,069 | +133% |
| Furniture and vehicles | 24 | €23,964 | €76,007 | +€52,043 | +217% |
| Other tangible fixed assets | 26 | €13,705 | €11,730 | -€1,975 | -14.4% |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Current assets | 29/58 | €791,579 | €909,880 | +€118,301 | +14.9% |
| Amounts receivable within one year | 40/41 | €5,171 | €10,202 | +€5,031 | +97.3% |
| Trade receivables | 40 | €703 | €1,381 | +€678 | +96.4% |
| Other amounts receivable | 41 | €4,468 | €8,821 | +€4,353 | +97.4% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €779,679 | €888,356 | +€108,677 | +13.9% |
| Deferred charges and accrued income | 490/1 | €6,729 | €11,322 | +€4,593 | +68.3% |
| Total equity and liabilities | 10/49 | €829,248 | €997,617 | +€168,369 | +20.3% |
| Equity | 10/15 | €307,151 | €216,550 | -€90,601 | -29.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €284,300 | €193,600 | -€90,700 | -31.9% |
| Distributable reserves | 133 | €284,300 | €193,600 | -€90,700 | -31.9% |
| Profit (loss) carried forward | 14 | €2,851 | €2,950 | +€99 | +3.5% |
| Amounts payable | 17/49 | €522,096 | €781,067 | +€258,971 | +49.6% |
| Amounts payable after more than one year | 17 | €1,120 | €20,505 | +€19,385 | +1,730% |
| Financial debts | 170/4 | €1,120 | €20,505 | +€19,385 | +1,730% |
| Amounts payable within one year | 42/48 | €520,976 | €757,712 | +€236,736 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | €5,480 | €5,868 | +€388 | +7.1% |
| Trade debts | 44 | €58,360 | €107,699 | +€49,339 | +84.5% |
| Suppliers | 440/4 | €58,360 | €107,699 | +€49,339 | +84.5% |
| Advances received on contracts in progress | 46 | €259,733 | €370,650 | +€110,918 | +42.7% |
| Taxes, remuneration and social security | 45 | €29,399 | €55,382 | +€25,983 | +88.4% |
| Taxes | 450/3 | €3,668 | €22,650 | +€18,982 | +518% |
| Remuneration and social security | 454/9 | €25,732 | €32,733 | +€7,001 | +27.2% |
| Other amounts payable | 47/48 | €168,004 | €218,112 | +€50,108 | +29.8% |
| Accrued charges and deferred income | 492/3 | - | €2,850 | +€2,850 | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €135,409 | €159,318 | +€23,909 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,083 | €21,473 | +€7,389 | +52.5% |
| Other operating charges | 640/8 | €3,747 | €6,708 | +€2,961 | +79.0% |
| Gross operating margin | 9900 | €189,322 | €223,910 | +€34,588 | +18.3% |
| Operating profit (loss) | 9901 | €36,083 | €36,412 | +€329 | +0.9% |
| Financial income | 75/76B | €1,083 | €2,789 | +€1,706 | +157% |
| Recurring financial income | 75 | €1,083 | €2,789 | +€1,706 | +157% |
| Financial charges | 65/66B | €3,310 | €3,453 | +€143 | +4.3% |
| Recurring financial charges | 65 | €3,310 | €3,453 | +€143 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €33,856 | €35,748 | +€1,892 | +5.6% |
| Income taxes | 67/77 | €11,991 | €13,349 | +€1,358 | +11.3% |
| Profit (loss) for the period | 9904 | €21,864 | €22,399 | +€534 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,864 | €22,399 | +€534 | +2.4% |
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 17 October 2026 via checked.be.