C&F SOLUTIONS: 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 SOLUTIONS
Largest movements
- Receivables within one year +€144,394
up €144,394 (+75.9%), from €190,353 to €334,747
of which Other amounts receivable: +€144,394
- Cash -€18,950
down €18,950 (-75.9%), from €24,982 to €6,032
mainly Other debts (-€232,663) and Debts after one year (-€149,481)
- Reserves +€490,335
up €490,335 (+149%), from €329,434 to €819,769
- Other debts -€232,663
down €232,663 (-83.8%), from €277,504 to €44,841
- Debts after one year -€149,481
down €149,481 (-23.9%), from €624,783 to €475,302
- Financial income +€385,543
up €385,543 (+309%), from €124,902 to €510,446
- Taxes +€34,798
up €34,798 (+81.9%), from €42,480 to €77,277
- Depreciation +€11,388
up €11,388 (+275%), from €4,138 to €15,526
- Gross operating margin +€6,167
up €6,167 (+4.4%), from €141,269 to €147,435
- Financial charges -€5,102
down €5,102 (-16.0%), from €31,897 to €26,795
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 | €1,495,406 | €1,602,273 | +€106,868 | +7.1% |
| Fixed assets | 21/28 | €1,275,397 | €1,259,871 | -€15,526 | -1.2% |
| Tangible fixed assets | 22/27 | €72,897 | €57,371 | -€15,526 | -21.3% |
| Plant, machinery and equipment | 23 | €39 | €0 | -€39 | -100% |
| Furniture and vehicles | 24 | €310 | €48 | -€262 | -84.5% |
| Leasing and similar rights | 25 | €72,549 | €57,323 | -€15,225 | -21.0% |
| Financial fixed assets | 28 | €1,202,500 | €1,202,500 | = | 0.0% |
| Current assets | 29/58 | €220,008 | €342,402 | +€122,394 | +55.6% |
| Amounts receivable within one year | 40/41 | €190,353 | €334,747 | +€144,394 | +75.9% |
| Trade receivables | 40 | €24,200 | €24,200 | = | 0.0% |
| Other amounts receivable | 41 | €166,153 | €310,547 | +€144,394 | +86.9% |
| Cash at bank and in hand | 54/58 | €24,982 | €6,032 | -€18,950 | -75.9% |
| Deferred charges and accrued income | 490/1 | €4,674 | €1,624 | -€3,050 | -65.3% |
| Total equity and liabilities | 10/49 | €1,495,406 | €1,602,273 | +€106,868 | +7.1% |
| Equity | 10/15 | €341,834 | €832,169 | +€490,335 | +143% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €329,434 | €819,769 | +€490,335 | +149% |
| Distributable reserves | 133 | €329,434 | €819,769 | +€490,335 | +149% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,153,571 | €770,105 | -€383,467 | -33.2% |
| Amounts payable after more than one year | 17 | €624,783 | €475,302 | -€149,481 | -23.9% |
| Financial debts | 170/4 | €624,783 | €475,302 | -€149,481 | -23.9% |
| Amounts payable within one year | 42/48 | €528,748 | €294,782 | -€233,966 | -44.2% |
| Current portion of amounts payable after more than one year | 42 | €144,651 | €149,481 | +€4,830 | +3.3% |
| Trade debts | 44 | €25,432 | €10,530 | -€14,902 | -58.6% |
| Suppliers | 440/4 | €25,432 | €10,530 | -€14,902 | -58.6% |
| Taxes, remuneration and social security | 45 | €81,160 | €89,929 | +€8,769 | +10.8% |
| Taxes | 450/3 | €81,160 | €89,929 | +€8,769 | +10.8% |
| Other amounts payable | 47/48 | €277,504 | €44,841 | -€232,663 | -83.8% |
| Accrued charges and deferred income | 492/3 | €40 | €21 | -€20 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,138 | €15,526 | +€11,388 | +275% |
| Other operating charges | 640/8 | €2,952 | €3,107 | +€154 | +5.2% |
| Gross operating margin | 9900 | €141,269 | €147,435 | +€6,167 | +4.4% |
| Operating profit (loss) | 9901 | €134,178 | €128,803 | -€5,375 | -4.0% |
| Financial income | 75/76B | €124,902 | €510,446 | +€385,543 | +309% |
| Recurring financial income | 75 | €124,902 | €510,446 | +€385,543 | +309% |
| Financial charges | 65/66B | €31,897 | €26,795 | -€5,102 | -16.0% |
| Recurring financial charges | 65 | €31,897 | €26,795 | -€5,102 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €227,183 | €612,453 | +€385,270 | +170% |
| Income taxes | 67/77 | €42,480 | €77,277 | +€34,798 | +81.9% |
| Profit (loss) for the period | 9904 | €184,704 | €535,176 | +€350,472 | +190% |
| Profit (loss) for the period to be appropriated | 9905 | €184,704 | €535,176 | +€350,472 | +190% |
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 25 October 2026 via checked.be.