SF CONFORT: 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
SF CONFORT
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€45,442
2024 · -€8,211-€37,231
Equity
€113,420
2024 · €158,862-€45,442
Cash
€31,187
2024 · €27,067+€4,119
Balance sheet total
€492,084
2024 · €696,850-€204,766
Largest movements
Assets
- Tangible fixed assets -€147,318
down €147,318 (-24.4%), from €603,282 to €455,964
of which Land and buildings: -€95,787
- Stocks and contracts -€43,064
no longer reported in 2025 (was €43,064)
- Receivables within one year -€18,078
down €18,078 (-81.8%), from €22,091 to €4,013
of which Trade receivables: -€17,340
Equity and liabilities
- Debts after one year -€148,777
down €148,777 (-32.0%), from €464,995 to €316,218
- Profit (loss) carried forward -€38,669
down €38,669 (-45.0%), from €85,888 to €47,219
Income statement
- Gross operating margin -€35,083
down €35,083 (-62.3%), from €56,279 to €21,196
- Financial charges -€7,573
down €7,573 (-32.3%), from €23,429 to €15,856
- Depreciation -€5,871
down €5,871 (-17.0%), from €34,540 to €28,669
- Other operating charges +€1,896
up €1,896 (+45.9%), from €4,131 to €6,027
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
-€8,211
Gross operating margin
-€35,083
Staff costs
+€391
Depreciation
+€5,871
Other operating charges
-€1,896
Other operating items
-€14,050
Financial income
-€36
Financial charges
+€7,573
Taxes
-€2
Result 2025
-€45,442
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
+€38,129
Investment
+€118,649
Financing
-€152,658
Cash 2024
€27,067
From operations (derived)
+€38,129
Net result for the year
-€45,442
Depreciation
+€28,669
Stocks and contracts
+€43,064
Receivables within one year
+€18,078
Deferred charges and accrued income
+€425
Provisions
-€1,693
Trade debts
-€4,439
Tax, wage and social debts
+€248
Other debts
+€2,276
Accrued charges and deferred income
-€3,057
Investment (derived)
+€118,649
Investment in fixed assets (net)
+€118,649
Financing
-€152,658
Debts after one year
-€148,777
Current portion of long-term debt
-€3,881
Cash 2025
€31,187
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €696,850 | €492,084 | -€204,766 | -29.4% |
| Fixed assets | 21/28 | €603,282 | €455,964 | -€147,318 | -24.4% |
| Tangible fixed assets | 22/27 | €603,282 | €455,964 | -€147,318 | -24.4% |
| Land and buildings | 22 | €432,422 | €336,636 | -€95,787 | -22.2% |
| Plant, machinery and equipment | 23 | €170,859 | €119,328 | -€51,531 | -30.2% |
| Current assets | 29/58 | €93,568 | €36,120 | -€57,448 | -61.4% |
| Stocks and contracts in progress | 3 | €43,064 | - | -€43,064 | |
| Stocks | 30/36 | €43,064 | - | -€43,064 | |
| Amounts receivable within one year | 40/41 | €22,091 | €4,013 | -€18,078 | -81.8% |
| Trade receivables | 40 | €17,340 | - | -€17,340 | |
| Other amounts receivable | 41 | €4,751 | €4,013 | -€739 | -15.5% |
| Cash at bank and in hand | 54/58 | €27,067 | €31,187 | +€4,119 | +15.2% |
| Deferred charges and accrued income | 490/1 | €1,345 | €920 | -€425 | -31.6% |
| Total equity and liabilities | 10/49 | €696,850 | €492,084 | -€204,766 | -29.4% |
| Equity | 10/15 | €158,862 | €113,420 | -€45,442 | -28.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €52,974 | €46,201 | -€6,773 | -12.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,974 | €44,201 | -€6,773 | -13.3% |
| Profit (loss) carried forward | 14 | €85,888 | €47,219 | -€38,669 | -45.0% |
| Provisions and deferred taxes | 16 | €11,668 | €9,975 | -€1,693 | -14.5% |
| Deferred taxes | 168 | €11,668 | €9,975 | -€1,693 | -14.5% |
| Amounts payable | 17/49 | €526,319 | €368,689 | -€157,630 | -29.9% |
| Amounts payable after more than one year | 17 | €464,995 | €316,218 | -€148,777 | -32.0% |
| Financial debts | 170/4 | €464,995 | €316,218 | -€148,777 | -32.0% |
| Amounts payable within one year | 42/48 | €58,240 | €52,444 | -€5,796 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €22,514 | €18,633 | -€3,881 | -17.2% |
| Trade debts | 44 | €5,013 | €574 | -€4,439 | -88.6% |
| Suppliers | 440/4 | €5,013 | €574 | -€4,439 | -88.6% |
| Taxes, remuneration and social security | 45 | €5,193 | €5,441 | +€248 | +4.8% |
| Taxes | 450/3 | €5,193 | €5,441 | +€248 | +4.8% |
| Other amounts payable | 47/48 | €25,521 | €27,796 | +€2,276 | +8.9% |
| Accrued charges and deferred income | 492/3 | €3,084 | €26 | -€3,057 | -99.1% |
| Non-recurring operating income | 76A | €9 | €7,259 | +€7,251 | +81,558% |
| Remuneration, social security and pensions | 62 | €391 | - | -€391 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,540 | €28,669 | -€5,871 | -17.0% |
| Other operating charges | 640/8 | €4,131 | €6,027 | +€1,896 | +45.9% |
| Non-recurring operating charges | 66A | €3,758 | €17,808 | +€14,050 | +374% |
| Gross operating margin | 9900 | €56,279 | €21,196 | -€35,083 | -62.3% |
| Operating profit (loss) | 9901 | €13,459 | -€31,307 | -€44,766 | |
| Financial income | 75/76B | €75 | €39 | -€36 | -47.9% |
| Recurring financial income | 75 | €75 | €39 | -€36 | -47.9% |
| Financial charges | 65/66B | €23,429 | €15,856 | -€7,573 | -32.3% |
| Recurring financial charges | 65 | €23,429 | €15,856 | -€7,573 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,895 | -€47,124 | -€37,229 | -376% |
| Transfer from deferred taxes | 780 | €1,693 | €1,693 | = | 0.0% |
| Income taxes | 67/77 | €10 | €12 | +€2 | +21.0% |
| Profit (loss) for the period | 9904 | -€8,211 | -€45,442 | -€37,231 | -453% |
| Transfer from tax-exempt reserves | 789 | €6,773 | €6,773 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,438 | -€38,669 | -€37,231 | -2,590% |
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 28 October 2026 via checked.be.