Immo Efka: 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 Efka
Largest movements
- Tangible fixed assets -€44,854
down €44,854 (-4.7%), from €947,622 to €902,768
of which Land and buildings: -€44,208
- Cash +€40,823
up €40,823 (+24.4%), from €167,090 to €207,913
mainly Depreciation (+€48,233) and Net result for the year (+€20,801)
- Reserves -€30,000
down €30,000 (-2.5%), from €1.2m to €1.2m
of which Distributable reserves: -€30,000
- Profit (loss) carried forward +€20,801
up €20,801 (+14.2%), from -€146,271 to -€125,470
- Gross operating margin +€25,278
up €25,278 (+41.2%), from €61,426 to €86,704
- Taxes +€4,381
up €4,381 (+141.6%), from €3,095 to €7,476
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 | €1,141,873 | €1,133,854 | -€8,019 | -0.7% |
| Fixed assets | 21/28 | €947,870 | €903,016 | -€44,854 | -4.7% |
| Tangible fixed assets | 22/27 | €947,622 | €902,768 | -€44,854 | -4.7% |
| Land and buildings | 22 | €944,378 | €900,170 | -€44,208 | -4.7% |
| Plant, machinery and equipment | 23 | €3,244 | €2,598 | -€646 | -19.9% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €194,003 | €230,838 | +€36,835 | +19.0% |
| Amounts receivable within one year | 40/41 | €26,913 | €22,925 | -€3,988 | -14.8% |
| Other amounts receivable | 41 | €26,913 | €22,925 | -€3,988 | -14.8% |
| Cash at bank and in hand | 54/58 | €167,090 | €207,913 | +€40,823 | +24.4% |
| Total equity and liabilities | 10/49 | €1,141,873 | €1,133,854 | -€8,019 | -0.7% |
| Equity | 10/15 | €1,107,897 | €1,098,698 | -€9,199 | -0.8% |
| Contributions | 10/11 | €68,171 | €68,171 | = | 0.0% |
| Reserves | 13 | €1,185,997 | €1,155,997 | -€30,000 | -2.5% |
| Non-distributable reserves | 130/1 | €27,817 | €27,817 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,817 | €27,817 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,021,390 | €1,021,390 | = | 0.0% |
| Distributable reserves | 133 | €136,790 | €106,790 | -€30,000 | -21.9% |
| Profit (loss) carried forward | 14 | -€146,271 | -€125,470 | +€20,801 | +14.2% |
| Amounts payable | 17/49 | €33,976 | €35,156 | +€1,180 | +3.5% |
| Amounts payable within one year | 42/48 | €33,976 | €35,156 | +€1,180 | +3.5% |
| Trade debts | 44 | €3,976 | €1,796 | -€2,180 | -54.8% |
| Suppliers | 440/4 | €3,976 | €1,796 | -€2,180 | -54.8% |
| Taxes, remuneration and social security | 45 | €9,000 | €12,360 | +€3,360 | +37.3% |
| Taxes | 450/3 | €9,000 | €12,360 | +€3,360 | +37.3% |
| Other amounts payable | 47/48 | €21,000 | €21,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,233 | €48,233 | = | 0.0% |
| Other operating charges | 640/8 | €11,525 | €11,866 | +€341 | +3.0% |
| Gross operating margin | 9900 | €61,426 | €86,704 | +€25,278 | +41.2% |
| Operating profit (loss) | 9901 | €1,668 | €26,605 | +€24,937 | +1495.0% |
| Financial income | 75/76B | €1,637 | €1,704 | +€67 | +4.1% |
| Recurring financial income | 75 | €1,637 | €1,704 | +€67 | +4.1% |
| Financial charges | 65/66B | €35 | €32 | -€3 | -8.6% |
| Recurring financial charges | 65 | €35 | €32 | -€3 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €3,270 | €28,277 | +€25,007 | +764.7% |
| Income taxes | 67/77 | €3,095 | €7,476 | +€4,381 | +141.6% |
| Profit (loss) for the period | 9904 | €175 | €20,801 | +€20,626 | +11786.3% |
| Profit (loss) for the period to be appropriated | 9905 | €175 | €20,801 | +€20,626 | +11786.3% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.