Immo CNF: 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.
Immo CNF
Largest movements
- Tangible fixed assets +€141,153
up €141,153 (+18.2%), from €774,100 to €915,253
of which Land and buildings: +€135,001
- Receivables within one year +€13,059
up €13,059 (+623.4%), from €2,095 to €15,154
- Stocks and contracts +€10,023
up €10,023 (+70.0%), from €14,317 to €24,340
- Debts after one year +€178,058
up €178,058 (+36.3%), from €490,933 to €668,991
- Accrued charges and deferred income -€45,731
down €45,731 (-98.2%), from €46,591 to €860
- Other debts +€34,777
up €34,777 (+16.2%), from €215,141 to €249,918
- Current portion of long-term debt +€14,075
up €14,075 (+24.2%), from €58,041 to €72,116
- Depreciation +€31,380
up €31,380 (+63.5%), from €49,408 to €80,788
- Financial charges +€9,822
up €9,822 (+99.6%), from €9,865 to €19,687
- Taxes +€3,171
up €3,171, from -€1,246 to €1,925
- Gross operating margin -€2,868
down €2,868 (-2.4%), from €117,981 to €115,113
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 | €828,381 | €1,000,409 | +€172,028 | +20.8% |
| Fixed assets | 21/28 | €774,100 | €915,253 | +€141,153 | +18.2% |
| Tangible fixed assets | 22/27 | €774,100 | €915,253 | +€141,153 | +18.2% |
| Land and buildings | 22 | €747,774 | €882,775 | +€135,001 | +18.1% |
| Plant, machinery and equipment | 23 | €6,683 | €16,628 | +€9,944 | +148.8% |
| Furniture and vehicles | 24 | €19,642 | €15,851 | -€3,791 | -19.3% |
| Current assets | 29/58 | €54,281 | €85,155 | +€30,875 | +56.9% |
| Stocks and contracts in progress | 3 | €14,317 | €24,340 | +€10,023 | +70.0% |
| Stocks | 30/36 | €14,317 | €24,340 | +€10,023 | +70.0% |
| Amounts receivable within one year | 40/41 | €2,095 | €15,154 | +€13,059 | +623.4% |
| Trade receivables | 40 | €2,095 | €15,154 | +€13,059 | +623.4% |
| Current investments | 50/53 | €27,000 | €27,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,810 | €17,529 | +€7,719 | +78.7% |
| Deferred charges and accrued income | 490/1 | €1,059 | €1,133 | +€73 | +6.9% |
| Total equity and liabilities | 10/49 | €828,381 | €1,000,409 | +€172,028 | +20.8% |
| Equity | 10/15 | -€12,931 | -€15,118 | -€2,187 | -16.9% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,191 | -€29,378 | -€2,187 | -8.0% |
| Provisions and deferred taxes | 16 | €2,021 | €2,021 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,021 | €2,021 | = | 0.0% |
| Environmental obligations | 163 | €2,021 | €2,021 | = | 0.0% |
| Amounts payable | 17/49 | €839,291 | €1,013,506 | +€174,215 | +20.8% |
| Amounts payable after more than one year | 17 | €490,933 | €668,991 | +€178,058 | +36.3% |
| Financial debts | 170/4 | €490,933 | €668,991 | +€178,058 | +36.3% |
| Amounts payable within one year | 42/48 | €301,768 | €343,656 | +€41,888 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €58,041 | €72,116 | +€14,075 | +24.2% |
| Trade debts | 44 | €17,477 | €8,298 | -€9,178 | -52.5% |
| Suppliers | 440/4 | €17,477 | €8,298 | -€9,178 | -52.5% |
| Taxes, remuneration and social security | 45 | €11,109 | €13,323 | +€2,214 | +19.9% |
| Taxes | 450/3 | €11,109 | €13,323 | +€2,214 | +19.9% |
| Other amounts payable | 47/48 | €215,141 | €249,918 | +€34,777 | +16.2% |
| Accrued charges and deferred income | 492/3 | €46,591 | €860 | -€45,731 | -98.2% |
| Non-recurring operating income | 76A | €2,460 | €16,529 | +€14,069 | +571.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,408 | €80,788 | +€31,380 | +63.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €942 | €330 | -€612 | -64.9% |
| Other operating charges | 640/8 | €15,036 | €14,832 | -€204 | -1.4% |
| Gross operating margin | 9900 | €117,981 | €115,113 | -€2,868 | -2.4% |
| Operating profit (loss) | 9901 | €52,595 | €19,162 | -€33,433 | -63.6% |
| Financial income | 75/76B | €440 | €262 | -€178 | -40.4% |
| Recurring financial income | 75 | €440 | €262 | -€178 | -40.4% |
| Financial charges | 65/66B | €9,865 | €19,687 | +€9,822 | +99.6% |
| Recurring financial charges | 65 | €9,865 | €19,687 | +€9,822 | +99.6% |
| Profit (loss) for the period before taxes | 9903 | €43,171 | -€262 | -€43,433 | |
| Income taxes | 67/77 | -€1,246 | €1,925 | +€3,171 | |
| Profit (loss) for the period | 9904 | €44,416 | -€2,187 | -€46,604 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,416 | -€2,187 | -€46,604 |
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 7 October 2026 via checked.be.