CONFINIMMO: 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.
CONFINIMMO
Largest movements
- Tangible fixed assets +€2.1m
new in 2025: €2.1m
- Cash -€356,959
down €356,959 (-82.5%), from €432,906 to €75,948
mainly Investment in fixed assets (net) (-€2.2m) and Receivables within one year (-€7,223)
- Debts after one year +€1.5m
up €1.5m (+513%), from €300,000 to €1.8m
- Reserves +€112,081
up €112,081 (+38.3%), from €292,727 to €404,807
- Current portion of long-term debt +€93,322
new in 2025: €93,322
- Gross operating margin +€293,125
up €293,125 (+866%), from €33,852 to €326,977
- Depreciation +€143,801
new in 2025: €143,801
- Financial charges +€39,764
up €39,764 (+42,415%), from €94 to €39,858
- Taxes +€24,163
up €24,163 (+370%), from €6,530 to €30,694
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.
Derived cash bridge
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 | €637,426 | €2,383,936 | +€1.7m | +274% |
| Fixed assets | 21/28 | - | €2,096,199 | +€2.1m | |
| Tangible fixed assets | 22/27 | - | €2,096,199 | +€2.1m | |
| Land and buildings | 22 | - | €2,096,199 | +€2.1m | |
| Current assets | 29/58 | €637,426 | €287,737 | -€349,689 | -54.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €204,520 | €211,743 | +€7,223 | +3.5% |
| Trade receivables | 40 | €200,000 | €176,436 | -€23,564 | -11.8% |
| Other amounts receivable | 41 | €4,520 | €35,306 | +€30,787 | +681% |
| Cash at bank and in hand | 54/58 | €432,906 | €75,948 | -€356,959 | -82.5% |
| Deferred charges and accrued income | 490/1 | €0 | €47 | +€47 | |
| Total equity and liabilities | 10/49 | €637,426 | €2,383,936 | +€1.7m | +274% |
| Equity | 10/15 | €322,727 | €434,807 | +€112,081 | +34.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €292,727 | €404,807 | +€112,081 | +38.3% |
| Distributable reserves | 133 | €292,727 | €404,807 | +€112,081 | +38.3% |
| Amounts payable | 17/49 | €314,699 | €1,949,129 | +€1.6m | +519% |
| Amounts payable after more than one year | 17 | €300,000 | €1,838,486 | +€1.5m | +513% |
| Financial debts | 170/4 | €300,000 | €1,838,486 | +€1.5m | +513% |
| Amounts payable within one year | 42/48 | €14,699 | €109,177 | +€94,478 | +643% |
| Current portion of amounts payable after more than one year | 42 | - | €93,322 | +€93,322 | |
| Trade debts | 44 | €13,983 | €13,754 | -€229 | -1.6% |
| Suppliers | 440/4 | €13,983 | €13,754 | -€229 | -1.6% |
| Taxes, remuneration and social security | 45 | €717 | €2,101 | +€1,385 | +193% |
| Taxes | 450/3 | €717 | €2,101 | +€1,385 | +193% |
| Accrued charges and deferred income | 492/3 | - | €1,466 | +€1,466 | |
| Non-recurring operating income | 76A | - | €80,000 | +€80,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €143,801 | +€143,801 | |
| Other operating charges | 640/8 | €1,108 | €544 | -€564 | -50.9% |
| Gross operating margin | 9900 | €33,852 | €326,977 | +€293,125 | +866% |
| Operating profit (loss) | 9901 | €32,744 | €182,632 | +€149,888 | +458% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €94 | €39,858 | +€39,764 | +42,415% |
| Recurring financial charges | 65 | €94 | €39,858 | +€39,764 | +42,415% |
| Profit (loss) for the period before taxes | 9903 | €32,650 | €142,774 | +€110,124 | +337% |
| Income taxes | 67/77 | €6,530 | €30,694 | +€24,163 | +370% |
| Profit (loss) for the period | 9904 | €26,120 | €112,081 | +€85,960 | +329% |
| Profit (loss) for the period to be appropriated | 9905 | €26,120 | €112,081 | +€85,960 | +329% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.