CERFON: 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.
CERFON
Largest movements
- Receivables within one year +€36,645
up €36,645 (+79.3%), from €46,190 to €82,835
of which Trade receivables: +€35,729
- Tangible fixed assets -€10,818
down €10,818 (-1.8%), from €587,646 to €576,829
of which Land and buildings: -€25,765
- Deferred charges and accrued income -€10,180
down €10,180 (-76.7%), from €13,279 to €3,099
- Trade debts +€63,434
up €63,434 (+202%), from €31,448 to €94,881
- Current portion of long-term debt -€25,029
down €25,029 (-52.3%), from €47,881 to €22,851
- Profit (loss) carried forward +€23,631
up €23,631 (+43.3%), from €54,635 to €78,266
- Debts after one year -€22,851
down €22,851 (-5.1%), from €443,940 to €421,088
- Tax, wage and social debts -€18,769
down €18,769 (-31.4%), from €59,800 to €41,032
of which Taxes: -€16,744
- Gross operating margin +€45,049
up €45,049 (+25.6%), from €176,257 to €221,305
- Staff costs +€20,093
up €20,093 (+19.9%), from €101,189 to €121,282
- Financial charges -€13,806
down €13,806 (-38.0%), from €36,367 to €22,561
- Taxes +€13,073
up €13,073 (+512%), from €2,553 to €15,627
- Other operating charges -€2,760
down €2,760 (-34.8%), from €7,924 to €5,163
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €666,146 | €682,850 | +€16,704 | +2.5% |
| Fixed assets | 21/28 | €587,836 | €577,019 | -€10,818 | -1.8% |
| Tangible fixed assets | 22/27 | €587,646 | €576,829 | -€10,818 | -1.8% |
| Land and buildings | 22 | €569,083 | €543,318 | -€25,765 | -4.5% |
| Plant, machinery and equipment | 23 | €3,286 | €13,773 | +€10,487 | +319% |
| Furniture and vehicles | 24 | €15,277 | €19,737 | +€4,460 | +29.2% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €78,309 | €105,831 | +€27,522 | +35.1% |
| Stocks and contracts in progress | 3 | €4,965 | €2,912 | -€2,052 | -41.3% |
| Stocks | 30/36 | €4,965 | €2,912 | -€2,052 | -41.3% |
| Amounts receivable within one year | 40/41 | €46,190 | €82,835 | +€36,645 | +79.3% |
| Trade receivables | 40 | €46,050 | €81,779 | +€35,729 | +77.6% |
| Other amounts receivable | 41 | €140 | €1,056 | +€916 | +654% |
| Cash at bank and in hand | 54/58 | €13,875 | €16,985 | +€3,110 | +22.4% |
| Deferred charges and accrued income | 490/1 | €13,279 | €3,099 | -€10,180 | -76.7% |
| Total equity and liabilities | 10/49 | €666,146 | €682,850 | +€16,704 | +2.5% |
| Equity | 10/15 | €76,195 | €99,826 | +€23,631 | +31.0% |
| Contributions | 10/11 | €13,060 | €13,060 | = | 0.0% |
| Reserves | 13 | €8,500 | €8,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,500 | €8,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,635 | €78,266 | +€23,631 | +43.3% |
| Amounts payable | 17/49 | €589,951 | €583,024 | -€6,927 | -1.2% |
| Amounts payable after more than one year | 17 | €443,940 | €421,088 | -€22,851 | -5.1% |
| Financial debts | 170/4 | €443,940 | €421,088 | -€22,851 | -5.1% |
| Amounts payable within one year | 42/48 | €141,628 | €159,764 | +€18,136 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €47,881 | €22,851 | -€25,029 | -52.3% |
| Trade debts | 44 | €31,448 | €94,881 | +€63,434 | +202% |
| Suppliers | 440/4 | €31,448 | €94,881 | +€63,434 | +202% |
| Taxes, remuneration and social security | 45 | €59,800 | €41,032 | -€18,769 | -31.4% |
| Taxes | 450/3 | €45,325 | €28,581 | -€16,744 | -36.9% |
| Remuneration and social security | 454/9 | €14,475 | €12,451 | -€2,024 | -14.0% |
| Other amounts payable | 47/48 | €2,500 | €1,000 | -€1,500 | -60.0% |
| Accrued charges and deferred income | 492/3 | €4,382 | €2,171 | -€2,211 | -50.5% |
| Remuneration, social security and pensions | 62 | €101,189 | €121,282 | +€20,093 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,691 | €33,623 | +€1,932 | +6.1% |
| Other operating charges | 640/8 | €7,924 | €5,163 | -€2,760 | -34.8% |
| Gross operating margin | 9900 | €176,257 | €221,305 | +€45,049 | +25.6% |
| Operating profit (loss) | 9901 | €35,453 | €61,237 | +€25,785 | +72.7% |
| Financial income | 75/76B | €82 | €582 | +€499 | +606% |
| Recurring financial income | 75 | €82 | €582 | +€499 | +606% |
| Financial charges | 65/66B | €36,367 | €22,561 | -€13,806 | -38.0% |
| Recurring financial charges | 65 | €36,367 | €22,561 | -€13,806 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | -€832 | €39,258 | +€40,089 | |
| Income taxes | 67/77 | €2,553 | €15,627 | +€13,073 | +512% |
| Profit (loss) for the period | 9904 | -€3,385 | €23,631 | +€27,016 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,385 | €23,631 | +€27,016 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.