C.F.G. Solutions: what changed
C.F.G. Solutions
Largest movements
- Intangible fixed assets -€64,753
down €64,753 (-89.6%), from €72,253 to €7,500
- Tangible fixed assets -€26,404
down €26,404 (-100%), from €26,404 to €0
- Cash +€9,826
up €9,826 (+368%), from €2,674 to €12,500
mainly Depreciation (+€64,753) and Investment in fixed assets (net) (+€26,404)
- Receivables within one year -€2,771
down €2,771 (-8.0%), from €34,626 to €31,855
- Debts after one year -€42,569
down €42,569 (-66.2%), from €64,296 to €21,726
- Profit (loss) carried forward -€30,619
down €30,619, from €25,334 to -€5,284
- Tax, wage and social debts -€12,613
down €12,613 (-78.7%), from €16,031 to €3,419
- Trade debts +€7,864
up €7,864 (+255%), from €3,079 to €10,943
- Current portion of long-term debt -€6,402
down €6,402 (-28.5%), from €22,453 to €16,051
- Depreciation +€36,751
up €36,751 (+131%), from €28,002 to €64,753
- Gross operating margin +€14,374
up €14,374 (+56.1%), from €25,635 to €40,008
- Financial charges +€781
up €781 (+28.5%), from €2,736 to €3,517
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,194 | €51,855 | -€84,339 | -61.9% |
| Fixed assets | 21/28 | €98,657 | €7,500 | -€91,157 | -92.4% |
| Intangible fixed assets | 21 | €72,253 | €7,500 | -€64,753 | -89.6% |
| Tangible fixed assets | 22/27 | €26,404 | €0 | -€26,404 | -100% |
| Furniture and vehicles | 24 | €26,404 | €0 | -€26,404 | -100% |
| Current assets | 29/58 | €37,537 | €44,355 | +€6,818 | +18.2% |
| Amounts receivable within one year | 40/41 | €34,626 | €31,855 | -€2,771 | -8.0% |
| Trade receivables | 40 | €34,626 | €31,855 | -€2,771 | -8.0% |
| Cash at bank and in hand | 54/58 | €2,674 | €12,500 | +€9,826 | +368% |
| Deferred charges and accrued income | 490/1 | €237 | - | -€237 | |
| Total equity and liabilities | 10/49 | €136,194 | €51,855 | -€84,339 | -61.9% |
| Equity | 10/15 | €30,334 | -€284 | -€30,619 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,334 | -€5,284 | -€30,619 | |
| Amounts payable | 17/49 | €105,860 | €52,139 | -€53,720 | -50.7% |
| Amounts payable after more than one year | 17 | €64,296 | €21,726 | -€42,569 | -66.2% |
| Financial debts | 170/4 | €64,296 | €21,726 | -€42,569 | -66.2% |
| Amounts payable within one year | 42/48 | €41,564 | €30,413 | -€11,151 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €22,453 | €16,051 | -€6,402 | -28.5% |
| Trade debts | 44 | €3,079 | €10,943 | +€7,864 | +255% |
| Suppliers | 440/4 | €3,079 | €10,943 | +€7,864 | +255% |
| Taxes, remuneration and social security | 45 | €16,031 | €3,419 | -€12,613 | -78.7% |
| Taxes | 450/3 | €16,031 | €3,419 | -€12,613 | -78.7% |
| Non-recurring operating income | 76A | - | €11,052 | +€11,052 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,002 | €64,753 | +€36,751 | +131% |
| Other operating charges | 640/8 | €2,302 | €2,357 | +€55 | +2.4% |
| Gross operating margin | 9900 | €25,635 | €40,008 | +€14,374 | +56.1% |
| Operating profit (loss) | 9901 | -€4,669 | -€27,102 | -€22,433 | -480% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,736 | €3,517 | +€781 | +28.5% |
| Recurring financial charges | 65 | €2,736 | €3,517 | +€781 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,405 | -€30,619 | -€23,214 | -313% |
| Income taxes | 67/77 | €14 | €0 | -€14 | -100% |
| Profit (loss) for the period | 9904 | -€7,419 | -€30,619 | -€23,199 | -313% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,419 | -€30,619 | -€23,199 | -313% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.