CEFA PROPERTIES: 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.
CEFA PROPERTIES
Largest movements
- Cash -€456,015
down €456,015 (-100.0%), from €456,047 to €32
mainly Other debts (-€456,025) and Receivables within one year (-€33,007)
- Receivables within one year +€33,007
up €33,007 (+77.2%), from €42,728 to €75,735
of which Other amounts receivable: +€51,007
- Other debts -€456,025
down €456,025 (-99.6%), from €458,025 to €2,000
- Trade debts +€19,953
up €19,953 (+148.4%), from €13,444 to €33,397
- Profit (loss) carried forward +€10,341
up €10,341 (+2466.6%), from €419 to €10,760
- Gross operating margin +€21,023
up €21,023 (+364.4%), from €5,770 to €26,793
- Depreciation +€11,367
up €11,367 (+189.0%), from €6,015 to €17,382
- Financial income +€764
up €764 (+60.0%), from €1,274 to €2,037
- Financial charges +€322
up €322 (+141.2%), from €228 to €551
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €923,067 | €496,336 | -€426,731 | -46.2% |
| Fixed assets | 21/28 | €423,794 | €420,402 | -€3,392 | -0.8% |
| Intangible fixed assets | 21 | €559 | €0 | -€559 | -100.0% |
| Tangible fixed assets | 22/27 | €423,235 | €420,402 | -€2,833 | -0.7% |
| Land and buildings | 22 | €423,235 | €409,210 | -€14,025 | -3.3% |
| Furniture and vehicles | 24 | - | €11,192 | +€11,192 | |
| Current assets | 29/58 | €499,273 | €75,934 | -€423,339 | -84.8% |
| Amounts receivable within one year | 40/41 | €42,728 | €75,735 | +€33,007 | +77.2% |
| Trade receivables | 40 | €18,000 | - | -€18,000 | |
| Other amounts receivable | 41 | €24,728 | €75,735 | +€51,007 | +206.3% |
| Cash at bank and in hand | 54/58 | €456,047 | €32 | -€456,015 | -100.0% |
| Deferred charges and accrued income | 490/1 | €499 | €167 | -€332 | -66.5% |
| Total equity and liabilities | 10/49 | €923,067 | €496,336 | -€426,731 | -46.2% |
| Equity | 10/15 | €163,168 | €173,509 | +€10,341 | +6.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Revaluation surpluses | 12 | €157,749 | €157,749 | = | 0.0% |
| Profit (loss) carried forward | 14 | €419 | €10,760 | +€10,341 | +2466.6% |
| Amounts payable | 17/49 | €759,899 | €322,827 | -€437,072 | -57.5% |
| Amounts payable after more than one year | 17 | €285,000 | €285,000 | = | 0.0% |
| Financial debts | 170/4 | €285,000 | €285,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €473,899 | €37,827 | -€436,072 | -92.0% |
| Current portion of amounts payable after more than one year | 42 | €2,430 | €2,430 | = | 0.0% |
| Trade debts | 44 | €13,444 | €33,397 | +€19,953 | +148.4% |
| Suppliers | 440/4 | €13,444 | €33,397 | +€19,953 | +148.4% |
| Other amounts payable | 47/48 | €458,025 | €2,000 | -€456,025 | -99.6% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,015 | €17,382 | +€11,367 | +189.0% |
| Other operating charges | 640/8 | €381 | €557 | +€177 | +46.4% |
| Gross operating margin | 9900 | €5,770 | €26,793 | +€21,023 | +364.4% |
| Operating profit (loss) | 9901 | -€626 | €8,854 | +€9,480 | |
| Financial income | 75/76B | €1,274 | €2,037 | +€764 | +60.0% |
| Recurring financial income | 75 | €1,274 | €2,037 | +€764 | +60.0% |
| Financial charges | 65/66B | €228 | €551 | +€322 | +141.2% |
| Recurring financial charges | 65 | €228 | €551 | +€322 | +141.2% |
| Profit (loss) for the period before taxes | 9903 | €419 | €10,341 | +€9,921 | +2366.6% |
| Profit (loss) for the period | 9904 | €419 | €10,341 | +€9,921 | +2366.6% |
| Profit (loss) for the period to be appropriated | 9905 | €419 | €10,341 | +€9,921 | +2366.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.