C&F: 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.
C&F
Largest movements
- Receivables within one year +€486,498
up €486,498 (+1,462%), from €33,275 to €519,773
of which Other amounts receivable: +€486,498
- Reserves +€834,133
up €834,133 (+35.9%), from €2.3m to €3.2m
- Debts after one year -€350,021
down €350,021 (-36.8%), from €950,021 to €600,000
- Financial income +€483,539
up €483,539 (+197%), from €245,731 to €729,270
- Gross operating margin -€6,061
down €6,061 (-3.0%), from €200,120 to €194,059
- Depreciation -€3,372
down €3,372 (-10.7%), from €31,503 to €28,131
- Financial charges -€2,603
down €2,603 (-8.1%), from €31,949 to €29,346
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 | €5,439,172 | €5,921,468 | +€482,296 | +8.9% |
| Fixed assets | 21/28 | €5,367,577 | €5,340,720 | -€26,857 | -0.5% |
| Tangible fixed assets | 22/27 | €111,577 | €84,720 | -€26,857 | -24.1% |
| Furniture and vehicles | 24 | €111,577 | €84,720 | -€26,857 | -24.1% |
| Financial fixed assets | 28 | €5,256,000 | €5,256,000 | = | 0.0% |
| Current assets | 29/58 | €71,595 | €580,748 | +€509,153 | +711% |
| Amounts receivable within one year | 40/41 | €33,275 | €519,773 | +€486,498 | +1,462% |
| Trade receivables | 40 | €33,275 | €33,275 | = | 0.0% |
| Other amounts receivable | 41 | - | €486,498 | +€486,498 | |
| Cash at bank and in hand | 54/58 | €37,469 | €60,262 | +€22,793 | +60.8% |
| Deferred charges and accrued income | 490/1 | €851 | €713 | -€138 | -16.2% |
| Total equity and liabilities | 10/49 | €5,439,172 | €5,921,468 | +€482,296 | +8.9% |
| Equity | 10/15 | €4,112,511 | €4,946,643 | +€834,133 | +20.3% |
| Contributions | 10/11 | €1,792,000 | €1,792,000 | = | 0.0% |
| Reserves | 13 | €2,320,511 | €3,154,643 | +€834,133 | +35.9% |
| Distributable reserves | 133 | €2,320,511 | €3,154,643 | +€834,133 | +35.9% |
| Amounts payable | 17/49 | €1,326,661 | €974,824 | -€351,837 | -26.5% |
| Amounts payable after more than one year | 17 | €950,021 | €600,000 | -€350,021 | -36.8% |
| Financial debts | 170/4 | €950,021 | €600,000 | -€350,021 | -36.8% |
| Amounts payable within one year | 42/48 | €375,464 | €373,546 | -€1,918 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €350,021 | €350,021 | -€0 | 0.0% |
| Trade debts | 44 | €1,433 | €1,535 | +€102 | +7.1% |
| Suppliers | 440/4 | €1,433 | €1,535 | +€102 | +7.1% |
| Taxes, remuneration and social security | 45 | €20,465 | €17,164 | -€3,301 | -16.1% |
| Taxes | 450/3 | €20,465 | €17,164 | -€3,301 | -16.1% |
| Other amounts payable | 47/48 | €3,544 | €4,825 | +€1,281 | +36.2% |
| Accrued charges and deferred income | 492/3 | €1,176 | €1,278 | +€102 | +8.7% |
| Non-recurring operating income | 76A | €9,568 | - | -€9,568 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,503 | €28,131 | -€3,372 | -10.7% |
| Other operating charges | 640/8 | €1,673 | €1,673 | +€0 | 0.0% |
| Gross operating margin | 9900 | €200,120 | €194,059 | -€6,061 | -3.0% |
| Operating profit (loss) | 9901 | €166,944 | €164,255 | -€2,689 | -1.6% |
| Financial income | 75/76B | €245,731 | €729,270 | +€483,539 | +197% |
| Recurring financial income | 75 | €245,731 | €729,270 | +€483,539 | +197% |
| Financial charges | 65/66B | €31,949 | €29,346 | -€2,603 | -8.1% |
| Recurring financial charges | 65 | €31,949 | €29,346 | -€2,603 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €380,726 | €864,179 | +€483,453 | +127% |
| Income taxes | 67/77 | €28,905 | €30,046 | +€1,141 | +3.9% |
| Profit (loss) for the period | 9904 | €351,821 | €834,133 | +€482,312 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €351,821 | €834,133 | +€482,312 | +137% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.