CFE 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.
CFE IMMO
Largest movements
- Stocks and contracts +€373,860
up €373,860 (+130.5%), from €286,428 to €660,288
- Tangible fixed assets +€84,837
up €84,837 (+12.2%), from €694,186 to €779,023
of which Plant, machinery and equipment: +€63,281
- Cash -€83,303
down €83,303 (-90.0%), from €92,509 to €9,207
mainly Stocks and contracts (-€373,860) and Investment in fixed assets (net) (-€123,143)
- Debts after one year +€441,825
up €441,825 (+62.6%), from €706,238 to €1.1m
of which Financial debts: +€451,165
- Short-term financial debts -€98,750
down €98,750 (-27.1%), from €364,750 to €266,000
- Profit (loss) carried forward +€61,624
up €61,624 (+84.1%), from -€73,299 to -€11,675
- Trade debts -€17,493
down €17,493 (-19.2%), from €91,221 to €73,728
- Gross operating margin +€93,712
up €93,712 (+161.9%), from €57,896 to €151,608
- Staff costs +€16,993
new in 2025: €16,993
- Financial charges +€16,492
up €16,492 (+109.4%), from €15,075 to €31,567
- Depreciation +€13,924
up €13,924 (+57.4%), from €24,253 to €38,177
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 | €1,128,804 | €1,509,768 | +€380,964 | +33.7% |
| Fixed assets | 21/28 | €694,186 | €779,151 | +€84,966 | +12.2% |
| Tangible fixed assets | 22/27 | €694,186 | €779,023 | +€84,837 | +12.2% |
| Land and buildings | 22 | €506,745 | €528,757 | +€22,012 | +4.3% |
| Plant, machinery and equipment | 23 | €186,309 | €249,589 | +€63,281 | +34.0% |
| Furniture and vehicles | 24 | €1,132 | €677 | -€455 | -40.2% |
| Financial fixed assets | 28 | - | €129 | +€129 | |
| Current assets | 29/58 | €434,619 | €730,617 | +€295,998 | +68.1% |
| Stocks and contracts in progress | 3 | €286,428 | €660,288 | +€373,860 | +130.5% |
| Stocks | 30/36 | €286,428 | €660,288 | +€373,860 | +130.5% |
| Amounts receivable within one year | 40/41 | €40,036 | €49,770 | +€9,734 | +24.3% |
| Trade receivables | 40 | €40,000 | €49,707 | +€9,707 | +24.3% |
| Other amounts receivable | 41 | €36 | €63 | +€27 | +73.6% |
| Cash at bank and in hand | 54/58 | €92,509 | €9,207 | -€83,303 | -90.0% |
| Deferred charges and accrued income | 490/1 | €15,645 | €11,353 | -€4,293 | -27.4% |
| Total equity and liabilities | 10/49 | €1,128,804 | €1,509,768 | +€380,964 | +33.7% |
| Equity | 10/15 | -€66,899 | -€5,275 | +€61,624 | +92.1% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,299 | -€11,675 | +€61,624 | +84.1% |
| Amounts payable | 17/49 | €1,195,704 | €1,515,044 | +€319,340 | +26.7% |
| Amounts payable after more than one year | 17 | €706,238 | €1,148,063 | +€441,825 | +62.6% |
| Financial debts | 170/4 | €92,106 | €543,271 | +€451,165 | +489.8% |
| Other amounts payable | 178/9 | €614,131 | €604,791 | -€9,340 | -1.5% |
| Amounts payable within one year | 42/48 | €478,684 | €354,090 | -€124,594 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €8,531 | €8,770 | +€239 | +2.8% |
| Financial debts | 43 | €364,750 | €266,000 | -€98,750 | -27.1% |
| Credit institutions | 430/8 | €364,750 | €266,000 | -€98,750 | -27.1% |
| Trade debts | 44 | €91,221 | €73,728 | -€17,493 | -19.2% |
| Suppliers | 440/4 | €91,221 | €73,728 | -€17,493 | -19.2% |
| Taxes, remuneration and social security | 45 | €14,182 | €1,569 | -€12,613 | -88.9% |
| Taxes | 450/3 | €14,182 | €1,569 | -€12,613 | -88.9% |
| Other amounts payable | 47/48 | - | €4,022 | +€4,022 | |
| Accrued charges and deferred income | 492/3 | €10,782 | €12,891 | +€2,109 | +19.6% |
| Remuneration, social security and pensions | 62 | - | €16,993 | +€16,993 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,253 | €38,177 | +€13,924 | +57.4% |
| Other operating charges | 640/8 | €4,577 | €3,261 | -€1,316 | -28.7% |
| Gross operating margin | 9900 | €57,896 | €151,608 | +€93,712 | +161.9% |
| Operating profit (loss) | 9901 | €29,066 | €93,177 | +€64,111 | +220.6% |
| Financial income | 75/76B | €121 | €15 | -€106 | -87.8% |
| Recurring financial income | 75 | €121 | €15 | -€106 | -87.8% |
| Financial charges | 65/66B | €15,075 | €31,567 | +€16,492 | +109.4% |
| Recurring financial charges | 65 | €15,075 | €31,567 | +€16,492 | +109.4% |
| Profit (loss) for the period before taxes | 9903 | €14,112 | €61,624 | +€47,513 | +336.7% |
| Profit (loss) for the period | 9904 | €14,112 | €61,624 | +€47,513 | +336.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,112 | €61,624 | +€47,513 | +336.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.