CF RÉFRIGÉRATION & MAINTENANCE: what changed
What changed
CF RÉFRIGÉRATION & MAINTENANCE
NACE 28.250, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
-€30,056
2023 · €22,992-€53,048
Equity
€187,717
2023 · €217,773-€30,056
Cash
€19,366
2023 · €94,936-€75,570
Balance sheet total
€1.0m
2023 · €1.2m-€123,740
Largest movements
Assets
- Cash -€75,570
down €75,570 (-79.6%), from €94,936 to €19,366
mainly Investment in fixed assets (net) (-€93,603) and Trade debts (-€52,668)
- Receivables within one year -€46,338
down €46,338 (-7.6%), from €607,037 to €560,699
of which Trade receivables: -€68,600
- Stocks and contracts -€22,201
down €22,201 (-13.5%), from €164,944 to €142,743
- Tangible fixed assets +€21,643
up €21,643 (+7.8%), from €276,204 to €297,847
of which Plant, machinery and equipment: +€63,108
Equity and liabilities
- Trade debts -€52,668
down €52,668 (-12.4%), from €423,049 to €370,381
- Profit (loss) carried forward -€30,056
down €30,056 (-66.3%), from €45,313 to €15,257
- Debts after one year -€15,823
down €15,823 (-11.3%), from €140,549 to €124,726
Income statement
- Gross operating margin -€67,863
down €67,863 (-9.4%), from €722,013 to €654,150
- Staff costs -€24,440
down €24,440 (-4.1%), from €596,170 to €571,731
- Other operating charges +€9,705
up €9,705 (+146%), from €6,659 to €16,365
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€22,992
Gross operating margin
-€67,863
Staff costs
+€24,440
Depreciation
+€5,043
Write-downs
+€398
Other operating charges
-€9,705
Financial income
-€13
Financial charges
-€6,199
Taxes
+€851
Result 2024
-€30,056
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€51,171
Investment
-€93,603
Financing
-€33,138
Cash 2023
€94,936
From operations (derived)
+€51,171
Net result for the year
-€30,056
Depreciation
+€74,085
Stocks and contracts
+€22,201
Receivables within one year
+€46,338
Deferred charges and accrued income
-€850
Trade debts
-€52,668
Tax, wage and social debts
-€7,878
Investment (derived)
-€93,603
Investment in fixed assets (net)
-€93,603
Financing
-€33,138
Debts after one year
-€15,823
Current portion of long-term debt
-€11,426
Short-term financial debts
-€5,890
Cash 2024
€19,366
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,150,167 | €1,026,427 | -€123,740 | -10.8% |
| Fixed assets | 21/28 | €278,684 | €298,202 | +€19,518 | +7.0% |
| Intangible fixed assets | 21 | €2,000 | €0 | -€2,000 | -100% |
| Tangible fixed assets | 22/27 | €276,204 | €297,847 | +€21,643 | +7.8% |
| Plant, machinery and equipment | 23 | €12,667 | €75,776 | +€63,108 | +498% |
| Furniture and vehicles | 24 | €76,649 | €91,662 | +€15,012 | +19.6% |
| Leasing and similar rights | 25 | €166,849 | €113,619 | -€53,230 | -31.9% |
| Other tangible fixed assets | 26 | €20,038 | €16,791 | -€3,248 | -16.2% |
| Financial fixed assets | 28 | €480 | €355 | -€125 | -26.0% |
| Current assets | 29/58 | €871,484 | €728,225 | -€143,259 | -16.4% |
| Stocks and contracts in progress | 3 | €164,944 | €142,743 | -€22,201 | -13.5% |
| Stocks | 30/36 | €164,944 | €142,743 | -€22,201 | -13.5% |
| Amounts receivable within one year | 40/41 | €607,037 | €560,699 | -€46,338 | -7.6% |
| Trade receivables | 40 | €507,481 | €438,881 | -€68,600 | -13.5% |
| Other amounts receivable | 41 | €99,556 | €121,818 | +€22,262 | +22.4% |
| Cash at bank and in hand | 54/58 | €94,936 | €19,366 | -€75,570 | -79.6% |
| Deferred charges and accrued income | 490/1 | €4,567 | €5,417 | +€850 | +18.6% |
| Total equity and liabilities | 10/49 | €1,150,167 | €1,026,427 | -€123,740 | -10.8% |
| Equity | 10/15 | €217,773 | €187,717 | -€30,056 | -13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,860 | €153,860 | = | 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% |
| Distributable reserves | 133 | €152,000 | €152,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,313 | €15,257 | -€30,056 | -66.3% |
| Amounts payable | 17/49 | €932,394 | €838,710 | -€93,684 | -10.0% |
| Amounts payable after more than one year | 17 | €140,549 | €124,726 | -€15,823 | -11.3% |
| Financial debts | 170/4 | €140,549 | €124,726 | -€15,823 | -11.3% |
| Amounts payable within one year | 42/48 | €791,845 | €713,984 | -€77,861 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €65,612 | €54,186 | -€11,426 | -17.4% |
| Financial debts | 43 | €155,890 | €150,000 | -€5,890 | -3.8% |
| Credit institutions | 430/8 | €155,890 | €150,000 | -€5,890 | -3.8% |
| Trade debts | 44 | €423,049 | €370,381 | -€52,668 | -12.4% |
| Suppliers | 440/4 | €423,049 | €370,381 | -€52,668 | -12.4% |
| Taxes, remuneration and social security | 45 | €147,296 | €139,418 | -€7,878 | -5.3% |
| Taxes | 450/3 | €99,041 | €58,279 | -€40,763 | -41.2% |
| Remuneration and social security | 454/9 | €48,254 | €81,139 | +€32,885 | +68.1% |
| Remuneration, social security and pensions | 62 | €596,170 | €571,731 | -€24,440 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,128 | €74,085 | -€5,043 | -6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€398 | -€398 | |
| Other operating charges | 640/8 | €6,659 | €16,365 | +€9,705 | +146% |
| Gross operating margin | 9900 | €722,013 | €654,150 | -€67,863 | -9.4% |
| Operating profit (loss) | 9901 | €40,056 | -€7,632 | -€47,687 | |
| Financial income | 75/76B | €2,614 | €2,602 | -€13 | -0.5% |
| Recurring financial income | 75 | €2,614 | €2,577 | -€38 | -1.4% |
| Non-recurring financial income | 76B | - | €25 | +€25 | |
| Financial charges | 65/66B | €18,625 | €24,824 | +€6,199 | +33.3% |
| Recurring financial charges | 65 | €18,625 | €24,824 | +€6,199 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €24,045 | -€29,854 | -€53,899 | |
| Income taxes | 67/77 | €1,053 | €203 | -€851 | -80.7% |
| Profit (loss) for the period | 9904 | €22,992 | -€30,056 | -€53,048 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,992 | -€30,056 | -€53,048 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.