CorFamO: 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.
What changed
CorFamO
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€770,076
2024 · €625,216+€144,860
Equity
€3.9m
2024 · €3.6m+€290,076
Cash
€78,269
2024 · €653,447-€575,178
Balance sheet total
€17.8m
2024 · €15.1m+€2.7m
Largest movements
Assets
- Stocks and contracts +€4.0m
up €4.0m (+194%), from €2.1m to €6.1m
- Tangible fixed assets -€711,099
down €711,099 (-6.0%), from €11.8m to €11.1m
of which Land and buildings: -€709,804
- Cash -€575,178
down €575,178 (-88.0%), from €653,447 to €78,269
mainly Stocks and contracts (-€4.0m) and Contributions, distributions and other (-€480,000)
Equity and liabilities
- Debts after one year +€1.6m
up €1.6m (+18.9%), from €8.6m to €10.3m
- Other debts +€574,640
up €574,640 (+43.5%), from €1.3m to €1.9m
- Advances received +€416,076
up €416,076 (+10,604%), from €3,924 to €420,000
- Trade debts -€234,561
down €234,561 (-67.0%), from €350,084 to €115,523
Income statement
- Taxes -€80,639
down €80,639 (-60.7%), from €132,844 to €52,205
- Gross operating margin +€57,162
up €57,162 (+3.3%), from €1.7m to €1.8m
- Other operating charges +€21,677
up €21,677 (+36.1%), from €59,973 to €81,650
- Depreciation +€18,622
up €18,622 (+3.6%), from €519,043 to €537,666
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.
Result 2024
€625,216
Gross operating margin
+€57,162
Depreciation
-€18,622
Other operating charges
-€21,677
Financial income
-€440
Financial charges
+€10,790
Taxes
+€80,639
Deferred taxes and other
+€37,009
Result 2025
€770,076
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.9m
Investment
+€173,433
Financing
+€1.2m
Cash 2024
€653,447
From operations (derived)
-€1.9m
Net result for the year
+€770,076
Depreciation
+€537,666
Stocks and contracts
-€4.0m
Receivables within one year
+€11,670
Deferred charges and accrued income
-€274
Provisions
+€42,248
Trade debts
-€234,561
Tax, wage and social debts
-€41,528
Advances received
+€416,076
Other debts
+€574,640
Accrued charges and deferred income
+€10,000
Investment (derived)
+€173,433
Investment in fixed assets (net)
+€173,433
Financing
+€1.2m
Debts after one year
+€1.6m
Current portion of long-term debt
-€29,586
Short-term financial debts
+€40,000
Contributions, distributions and other
-€480,000
Cash 2025
€78,269
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,111,823 | €17,812,055 | +€2.7m | +17.9% |
| Fixed assets | 21/28 | €11,859,160 | €11,148,061 | -€711,099 | -6.0% |
| Tangible fixed assets | 22/27 | €11,849,160 | €11,138,061 | -€711,099 | -6.0% |
| Land and buildings | 22 | €11,839,478 | €11,129,675 | -€709,804 | -6.0% |
| Plant, machinery and equipment | 23 | €2,362 | €1,908 | -€454 | -19.2% |
| Furniture and vehicles | 24 | €6,172 | €6,312 | +€140 | +2.3% |
| Other tangible fixed assets | 26 | €1,149 | €167 | -€982 | -85.5% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €3,252,662 | €6,663,994 | +€3.4m | +105% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,059,061 | €6,056,966 | +€4.0m | +194% |
| Stocks | 30/36 | €2,059,061 | €6,056,966 | +€4.0m | +194% |
| Amounts receivable within one year | 40/41 | €283,138 | €271,468 | -€11,670 | -4.1% |
| Trade receivables | 40 | €248,062 | €42,576 | -€205,486 | -82.8% |
| Other amounts receivable | 41 | €35,076 | €228,892 | +€193,816 | +553% |
| Cash at bank and in hand | 54/58 | €653,447 | €78,269 | -€575,178 | -88.0% |
| Deferred charges and accrued income | 490/1 | €7,016 | €7,291 | +€274 | +3.9% |
| Total equity and liabilities | 10/49 | €15,111,823 | €17,812,055 | +€2.7m | +17.9% |
| Equity | 10/15 | €3,571,491 | €3,861,566 | +€290,076 | +8.1% |
| Contributions | 10/11 | €1,609,500 | €1,609,500 | = | 0.0% |
| Reserves | 13 | €1,672,206 | €1,799,304 | +€127,098 | +7.6% |
| Non-distributable reserves | 130/1 | €51,000 | €51,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €51,000 | €51,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €549,560 | €676,658 | +€127,098 | +23.1% |
| Distributable reserves | 133 | €1,071,645 | €1,071,645 | = | 0.0% |
| Profit (loss) carried forward | 14 | €289,785 | €452,762 | +€162,978 | +56.2% |
| Provisions and deferred taxes | 16 | €183,187 | €225,435 | +€42,248 | +23.1% |
| Deferred taxes | 168 | €183,187 | €225,435 | +€42,248 | +23.1% |
| Amounts payable | 17/49 | €11,357,145 | €13,725,054 | +€2.4m | +20.8% |
| Amounts payable after more than one year | 17 | €8,621,638 | €10,254,505 | +€1.6m | +18.9% |
| Financial debts | 170/4 | €8,621,638 | €10,254,505 | +€1.6m | +18.9% |
| Amounts payable within one year | 42/48 | €2,615,507 | €3,340,549 | +€725,042 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €630,836 | €601,251 | -€29,586 | -4.7% |
| Financial debts | 43 | €265,000 | €305,000 | +€40,000 | +15.1% |
| Credit institutions | 430/8 | €265,000 | €305,000 | +€40,000 | +15.1% |
| Trade debts | 44 | €350,084 | €115,523 | -€234,561 | -67.0% |
| Suppliers | 440/4 | €350,084 | €115,523 | -€234,561 | -67.0% |
| Advances received on contracts in progress | 46 | €3,924 | €420,000 | +€416,076 | +10,604% |
| Taxes, remuneration and social security | 45 | €44,367 | €2,839 | -€41,528 | -93.6% |
| Taxes | 450/3 | €44,367 | €2,839 | -€41,528 | -93.6% |
| Other amounts payable | 47/48 | €1,321,297 | €1,895,936 | +€574,640 | +43.5% |
| Accrued charges and deferred income | 492/3 | €120,000 | €130,000 | +€10,000 | +8.3% |
| Non-recurring operating income | 76A | €409,407 | €252,913 | -€156,494 | -38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €519,043 | €537,666 | +€18,622 | +3.6% |
| Other operating charges | 640/8 | €59,973 | €81,650 | +€21,677 | +36.1% |
| Gross operating margin | 9900 | €1,718,738 | €1,775,900 | +€57,162 | +3.3% |
| Operating profit (loss) | 9901 | €1,139,721 | €1,156,584 | +€16,863 | +1.5% |
| Financial income | 75/76B | €596 | €156 | -€440 | -73.9% |
| Recurring financial income | 75 | €96 | €156 | +€60 | +62.1% |
| Non-recurring financial income | 76B | €500 | - | -€500 | |
| Financial charges | 65/66B | €303,000 | €292,210 | -€10,790 | -3.6% |
| Recurring financial charges | 65 | €303,000 | €292,210 | -€10,790 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €837,317 | €864,530 | +€27,213 | +3.2% |
| Transfer from deferred taxes | 780 | €9,030 | €16,568 | +€7,538 | +83.5% |
| Transfer to deferred taxes | 680 | €88,287 | €58,816 | -€29,470 | -33.4% |
| Income taxes | 67/77 | €132,844 | €52,205 | -€80,639 | -60.7% |
| Profit (loss) for the period | 9904 | €625,216 | €770,076 | +€144,860 | +23.2% |
| Transfer from tax-exempt reserves | 789 | €27,090 | €49,351 | +€22,262 | +82.2% |
| Transfer to tax-exempt reserves | 689 | €264,861 | €176,449 | -€88,411 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €387,445 | €642,978 | +€255,533 | +66.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.