CFA Immo: what changed
Two fiscal 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
CFA Immo
NACE 70.200, Business and other management consultancy
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€142,982
2023 · €113,924+€29,058
Equity
€350,097
2023 · €207,115+€142,982
Cash
€98,894
2023 · €75,281+€23,612
Balance sheet total
€2.9m
2023 · €2.9m+€13,465
Largest movements
Assets
- Financial fixed assets +€46,175
up €46,175 (+12.5%), from €368,450 to €414,625
- Tangible fixed assets -€40,874
down €40,874 (-1.7%), from €2.3m to €2.3m
of which Land and buildings: -€39,676
- Receivables after one year -€40,000
no longer reported in 2024 (was €40,000)
Equity and liabilities
- Debts after one year -€169,613
down €169,613 (-14.4%), from €1.2m to €1.0m
- Profit (loss) carried forward +€153,408
up €153,408 (+49.3%), from -€310,973 to -€157,564
- Other debts +€34,727
up €34,727 (+2.8%), from €1.2m to €1.3m
Income statement
- Gross operating margin +€27,428
up €27,428 (+13.6%), from €202,338 to €229,766
- Financial charges -€3,798
down €3,798 (-12.3%), from €30,842 to €27,044
- Taxes +€2,585
new in 2024: €2,585
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.
Result 2023
€113,924
Gross operating margin
+€27,428
Depreciation
+€1,136
Other operating charges
-€541
Financial charges
+€3,798
Taxes
-€2,585
Deferred taxes and other
-€178
Result 2024
€142,982
Cash bridge derived
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.
From operations
+€239,580
Investment
-€50,331
Financing
-€165,636
Cash 2023
€75,281
From operations (derived)
+€239,580
Net result for the year
+€142,982
Depreciation
+€45,030
Receivables after one year
+€40,000
Receivables within one year
-€24,551
Provisions
-€3,476
Trade debts
+€4,850
Tax, wage and social debts
+€18
Other debts
+€34,727
Investment (derived)
-€50,331
Investment in fixed assets (net)
-€50,331
Financing
-€165,636
Debts after one year
-€169,613
Current portion of long-term debt
+€3,977
Cash 2024
€98,894
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,929,981 | €2,943,446 | +€13,465 | +0.5% |
| Fixed assets | 21/28 | €2,714,761 | €2,720,062 | +€5,301 | +0.2% |
| Tangible fixed assets | 22/27 | €2,346,311 | €2,305,437 | -€40,874 | -1.7% |
| Land and buildings | 22 | €2,148,871 | €2,109,195 | -€39,676 | -1.8% |
| Plant, machinery and equipment | 23 | €193,386 | €192,999 | -€387 | -0.2% |
| Furniture and vehicles | 24 | €4,055 | €3,244 | -€811 | -20.0% |
| Financial fixed assets | 28 | €368,450 | €414,625 | +€46,175 | +12.5% |
| Current assets | 29/58 | €215,220 | €223,384 | +€8,164 | +3.8% |
| Amounts receivable after more than one year | 29 | €40,000 | - | -€40,000 | |
| Other amounts receivable | 291 | €40,000 | - | -€40,000 | |
| Amounts receivable within one year | 40/41 | €93,939 | €118,490 | +€24,551 | +26.1% |
| Trade receivables | 40 | €62,084 | €57,520 | -€4,564 | -7.4% |
| Other amounts receivable | 41 | €31,855 | €60,970 | +€29,115 | +91.4% |
| Cash at bank and in hand | 54/58 | €75,281 | €98,894 | +€23,612 | +31.4% |
| Deferred charges and accrued income | 490/1 | €6,000 | €6,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,929,981 | €2,943,446 | +€13,465 | +0.5% |
| Equity | 10/15 | €207,115 | €350,097 | +€142,982 | +69.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €456,088 | €445,661 | -€10,427 | -2.3% |
| Non-distributable reserves | 130/1 | €3,161 | €3,161 | = | 0.0% |
| Legal reserve | 130 | €3,161 | €3,161 | = | 0.0% |
| Tax-exempt reserves | 132 | €452,927 | €442,500 | -€10,427 | -2.3% |
| Profit (loss) carried forward | 14 | -€310,973 | -€157,564 | +€153,408 | +49.3% |
| Provisions and deferred taxes | 16 | €150,042 | €146,566 | -€3,476 | -2.3% |
| Deferred taxes | 168 | €150,042 | €146,566 | -€3,476 | -2.3% |
| Amounts payable | 17/49 | €2,572,825 | €2,446,783 | -€126,041 | -4.9% |
| Amounts payable after more than one year | 17 | €1,175,670 | €1,006,058 | -€169,613 | -14.4% |
| Financial debts | 170/4 | €1,175,670 | €1,006,058 | -€169,613 | -14.4% |
| Amounts payable within one year | 42/48 | €1,397,154 | €1,440,726 | +€43,572 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €165,636 | €169,613 | +€3,977 | +2.4% |
| Trade debts | 44 | €11,093 | €15,943 | +€4,850 | +43.7% |
| Suppliers | 440/4 | €11,093 | €15,943 | +€4,850 | +43.7% |
| Taxes, remuneration and social security | 45 | - | €18 | +€18 | |
| Taxes | 450/3 | - | €18 | +€18 | |
| Other amounts payable | 47/48 | €1,220,425 | €1,255,152 | +€34,727 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,166 | €45,030 | -€1,136 | -2.5% |
| Other operating charges | 640/8 | €15,060 | €15,601 | +€541 | +3.6% |
| Gross operating margin | 9900 | €202,338 | €229,766 | +€27,428 | +13.6% |
| Operating profit (loss) | 9901 | €141,112 | €169,135 | +€28,023 | +19.9% |
| Financial charges | 65/66B | €30,842 | €27,044 | -€3,798 | -12.3% |
| Recurring financial charges | 65 | €30,842 | €27,044 | -€3,798 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €110,270 | €142,091 | +€31,821 | +28.9% |
| Transfer from deferred taxes | 780 | €3,654 | €3,476 | -€178 | -4.9% |
| Income taxes | 67/77 | - | €2,585 | +€2,585 | |
| Profit (loss) for the period | 9904 | €113,924 | €142,982 | +€29,058 | +25.5% |
| Transfer from tax-exempt reserves | 789 | €10,961 | €10,427 | -€534 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €124,884 | €153,408 | +€28,524 | +22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.