C F C: 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 C
Largest movements
- Cash +€645,369
up €645,369 (+588%), from €109,712 to €755,081
mainly Net result for the year (+€1.1m) and Investment in fixed assets (net) (+€75,000)
- Receivables after one year +€252,058
up €252,058 (+163%), from €155,000 to €407,058
- Financial fixed assets -€75,000
down €75,000 (-18.3%), from €409,584 to €334,584
- Receivables within one year -€17,523
down €17,523 (-28.5%), from €61,587 to €44,064
of which Trade receivables: -€40,600
- Profit (loss) carried forward +€822,390
up €822,390, from -€822,390 to €0
- Reserves +€267,231
up €267,231 (+22.1%), from €1.2m to €1.5m
of which Distributable reserves: +€329,996
- Debts after one year -€235,500
down €235,500 (-100%), from €235,500 to €0
- Other debts -€104,392
down €104,392 (-76.5%), from €136,375 to €31,983
- Tax, wage and social debts +€46,349
up €46,349 (+667%), from €6,953 to €53,302
of which Taxes: +€47,849
- Financial charges -€773,500
down €773,500, from €771,287 to -€2,213
of which Non-recurring financial charges: -€730,903
- Financial income +€660,361
up €660,361 (+116%), from €566,909 to €1.2m
of which Financial income: +€1.2m
- Gross operating margin -€79,558
down €79,558 (-1,992%), from -€3,994 to -€83,552
- Taxes +€50,009
up €50,009 (+30,126%), from €166 to €50,175
- Depreciation -€950
down €950 (-18.3%), from €5,188 to €4,238
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 | €782,003 | €1,581,080 | +€799,077 | +102% |
| Fixed assets | 21/28 | €452,589 | €373,351 | -€79,238 | -17.5% |
| Tangible fixed assets | 22/27 | €43,005 | €38,766 | -€4,238 | -9.9% |
| Furniture and vehicles | 24 | €26,776 | €25,271 | -€1,505 | -5.6% |
| Other tangible fixed assets | 26 | €16,229 | €13,495 | -€2,734 | -16.8% |
| Financial fixed assets | 28 | €409,584 | €334,584 | -€75,000 | -18.3% |
| Current assets | 29/58 | €329,414 | €1,207,730 | +€878,316 | +267% |
| Amounts receivable after more than one year | 29 | €155,000 | €407,058 | +€252,058 | +163% |
| Other amounts receivable | 291 | €155,000 | €407,058 | +€252,058 | +163% |
| Amounts receivable within one year | 40/41 | €61,587 | €44,064 | -€17,523 | -28.5% |
| Trade receivables | 40 | €53,110 | €12,510 | -€40,600 | -76.4% |
| Other amounts receivable | 41 | €8,477 | €31,554 | +€23,077 | +272% |
| Cash at bank and in hand | 54/58 | €109,712 | €755,081 | +€645,369 | +588% |
| Deferred charges and accrued income | 490/1 | €3,115 | €1,527 | -€1,588 | -51.0% |
| Total equity and liabilities | 10/49 | €782,003 | €1,581,080 | +€799,077 | +102% |
| Equity | 10/15 | €391,686 | €1,481,307 | +€1.1m | +278% |
| Contributions | 10/11 | €6,208 | €6,208 | = | 0.0% |
| Reserves | 13 | €1,207,868 | €1,475,099 | +€267,231 | +22.1% |
| Non-distributable reserves | 130/1 | €62,765 | €0 | -€62,765 | -100% |
| Reserves not available under the articles | 1311 | €62,765 | €0 | -€62,765 | -100% |
| Distributable reserves | 133 | €1,145,103 | €1,475,099 | +€329,996 | +28.8% |
| Profit (loss) carried forward | 14 | -€822,390 | €0 | +€822,390 | |
| Amounts payable | 17/49 | €390,318 | €99,773 | -€290,544 | -74.4% |
| Amounts payable after more than one year | 17 | €235,500 | €0 | -€235,500 | -100% |
| Financial debts | 170/4 | €235,500 | €0 | -€235,500 | -100% |
| Amounts payable within one year | 42/48 | €150,387 | €97,773 | -€52,614 | -35.0% |
| Trade debts | 44 | €7,059 | €12,488 | +€5,429 | +76.9% |
| Suppliers | 440/4 | €7,059 | €12,488 | +€5,429 | +76.9% |
| Taxes, remuneration and social security | 45 | €6,953 | €53,302 | +€46,349 | +667% |
| Taxes | 450/3 | €5,453 | €53,302 | +€47,849 | +877% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100% |
| Other amounts payable | 47/48 | €136,375 | €31,983 | -€104,392 | -76.5% |
| Accrued charges and deferred income | 492/3 | €4,430 | €2,000 | -€2,430 | -54.9% |
| Non-recurring operating income | 76A | €0 | €4,525 | +€4,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,188 | €4,238 | -€950 | -18.3% |
| Other operating charges | 640/8 | €1,382 | €1,896 | +€514 | +37.2% |
| Gross operating margin | 9900 | -€3,994 | -€83,552 | -€79,558 | -1,992% |
| Operating profit (loss) | 9901 | -€10,565 | -€89,687 | -€79,122 | -749% |
| Financial income | 75/76B | €566,909 | €1,227,271 | +€660,361 | +116% |
| Recurring financial income | 75 | €31,536 | €1,227,271 | +€1.2m | +3,792% |
| Non-recurring financial income | 76B | €535,373 | €0 | -€535,373 | -100% |
| Financial charges | 65/66B | €771,287 | -€2,213 | -€773,500 | |
| Recurring financial charges | 65 | €40,384 | -€2,213 | -€42,597 | |
| Non-recurring financial charges | 66B | €730,903 | €0 | -€730,903 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€214,943 | €1,139,797 | +€1.4m | |
| Income taxes | 67/77 | €166 | €50,175 | +€50,009 | +30,126% |
| Profit (loss) for the period | 9904 | -€215,109 | €1,089,622 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€215,109 | €1,089,622 | +€1.3m |
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 27 October 2026 via checked.be.