FIDUCIAIRE CEFIMO: 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.
FIDUCIAIRE CEFIMO
Largest movements
- Receivables within one year -€30,586
down €30,586 (-13.6%), from €224,906 to €194,320
of which Trade receivables: -€26,921
- Cash +€27,796
up €27,796 (+39.8%), from €69,886 to €97,681
mainly Receivables within one year (+€30,586) and Depreciation (+€29,401)
- Tangible fixed assets -€19,020
down €19,020 (-19.6%), from €97,102 to €78,082
of which Land and buildings: -€14,189
- Deferred charges and accrued income +€11,275
up €11,275 (+95.1%), from €11,850 to €23,125
- Intangible fixed assets -€7,500
down €7,500 (-25.0%), from €30,000 to €22,500
- Revaluation surpluses -€85,000
down €85,000 (-85.0%), from €100,000 to €15,000
- Reserves +€85,000
up €85,000 (+542%), from €15,693 to €100,693
of which Distributable reserves: +€85,000
- Debts after one year -€34,385
down €34,385 (-55.9%), from €61,505 to €27,120
of which Financial debts: -€20,526
- Profit (loss) carried forward +€29,333
up €29,333, from -€17,735 to €11,598
- Current portion of long-term debt -€5,937
down €5,937 (-12.0%), from €49,382 to €43,445
- Staff costs +€26,708
up €26,708 (+7.5%), from €357,601 to €384,310
- Write-downs -€15,366
no longer reported in 2025 (was €15,366)
- Other operating charges -€15,129
down €15,129 (-47.4%), from €31,899 to €16,770
- Gross operating margin -€14,955
down €14,955 (-3.0%), from €505,903 to €490,948
- Provisions -€10,820
no longer reported in 2025 (was €10,820)
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 | €435,629 | €416,891 | -€18,738 | -4.3% |
| Fixed assets | 21/28 | €127,102 | €100,582 | -€26,520 | -20.9% |
| Intangible fixed assets | 21 | €30,000 | €22,500 | -€7,500 | -25.0% |
| Tangible fixed assets | 22/27 | €97,102 | €78,082 | -€19,020 | -19.6% |
| Land and buildings | 22 | €62,614 | €48,425 | -€14,189 | -22.7% |
| Plant, machinery and equipment | 23 | €23,485 | €20,663 | -€2,822 | -12.0% |
| Furniture and vehicles | 24 | €11,003 | €8,995 | -€2,009 | -18.3% |
| Current assets | 29/58 | €308,527 | €316,308 | +€7,782 | +2.5% |
| Stocks and contracts in progress | 3 | €1,885 | €1,182 | -€703 | -37.3% |
| Stocks | 30/36 | €1,885 | €1,182 | -€703 | -37.3% |
| Amounts receivable within one year | 40/41 | €224,906 | €194,320 | -€30,586 | -13.6% |
| Trade receivables | 40 | €219,722 | €192,801 | -€26,921 | -12.3% |
| Other amounts receivable | 41 | €5,185 | €1,520 | -€3,665 | -70.7% |
| Cash at bank and in hand | 54/58 | €69,886 | €97,681 | +€27,796 | +39.8% |
| Deferred charges and accrued income | 490/1 | €11,850 | €23,125 | +€11,275 | +95.1% |
| Total equity and liabilities | 10/49 | €435,629 | €416,891 | -€18,738 | -4.3% |
| Equity | 10/15 | €116,558 | €145,891 | +€29,333 | +25.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €100,000 | €15,000 | -€85,000 | -85.0% |
| Reserves | 13 | €15,693 | €100,693 | +€85,000 | +542% |
| Non-distributable reserves | 130/1 | €2,190 | €2,190 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,190 | €2,190 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,503 | €13,503 | = | 0.0% |
| Distributable reserves | 133 | - | €85,000 | +€85,000 | |
| Profit (loss) carried forward | 14 | -€17,735 | €11,598 | +€29,333 | |
| Provisions and deferred taxes | 16 | €10,820 | €10,820 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,820 | €10,820 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,820 | €10,820 | = | 0.0% |
| Amounts payable | 17/49 | €308,251 | €260,180 | -€48,071 | -15.6% |
| Amounts payable after more than one year | 17 | €61,505 | €27,120 | -€34,385 | -55.9% |
| Financial debts | 170/4 | €47,646 | €27,120 | -€20,526 | -43.1% |
| Other amounts payable | 178/9 | €13,858 | - | -€13,858 | |
| Amounts payable within one year | 42/48 | €243,223 | €228,500 | -€14,723 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €49,382 | €43,445 | -€5,937 | -12.0% |
| Financial debts | 43 | €80,000 | €80,000 | = | 0.0% |
| Credit institutions | 430/8 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €59,606 | €55,955 | -€3,652 | -6.1% |
| Suppliers | 440/4 | €59,606 | €55,955 | -€3,652 | -6.1% |
| Taxes, remuneration and social security | 45 | €53,173 | €48,039 | -€5,134 | -9.7% |
| Taxes | 450/3 | €15,728 | €13,182 | -€2,546 | -16.2% |
| Remuneration and social security | 454/9 | €37,446 | €34,857 | -€2,589 | -6.9% |
| Other amounts payable | 47/48 | €1,061 | €1,061 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,524 | €4,560 | +€1,036 | +29.4% |
| Non-recurring operating income | 76A | €59 | €3,346 | +€3,287 | +5,578% |
| Remuneration, social security and pensions | 62 | €357,601 | €384,310 | +€26,708 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,948 | €29,401 | -€3,547 | -10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,366 | - | -€15,366 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,820 | - | -€10,820 | |
| Other operating charges | 640/8 | €31,899 | €16,770 | -€15,129 | -47.4% |
| Non-recurring operating charges | 66A | €75 | €2,594 | +€2,519 | +3,359% |
| Gross operating margin | 9900 | €505,903 | €490,948 | -€14,955 | -3.0% |
| Operating profit (loss) | 9901 | €57,193 | €57,874 | +€681 | +1.2% |
| Financial income | 75/76B | €16 | €2 | -€13 | -85.4% |
| Recurring financial income | 75 | €16 | €2 | -€13 | -85.4% |
| Financial charges | 65/66B | €10,737 | €10,444 | -€293 | -2.7% |
| Recurring financial charges | 65 | €10,737 | €10,444 | -€293 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €46,472 | €47,432 | +€961 | +2.1% |
| Income taxes | 67/77 | €16,586 | €18,099 | +€1,514 | +9.1% |
| Profit (loss) for the period | 9904 | €29,886 | €29,333 | -€553 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,886 | €29,333 | -€553 | -1.9% |
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 26 October 2026 via checked.be.