C-FINE: 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-FINE
Largest movements
- Tangible fixed assets -€20,246
down €20,246 (-20.8%), from €97,373 to €77,126
- Cash -€8,043
down €8,043 (-37.7%), from €21,347 to €13,305
mainly Debts after one year (-€18,033) and Net result for the year (-€7,903)
- Debts after one year -€18,033
down €18,033 (-50.9%), from €35,443 to €17,410
- Profit (loss) carried forward -€7,903
down €7,903 (-16.0%), from €49,300 to €41,397
- Trade debts -€1,975
down €1,975 (-18.2%), from €10,823 to €8,848
- Gross operating margin -€4,272
down €4,272 (-11.6%), from €36,960 to €32,688
- Staff costs +€2,172
up €2,172 (+17.7%), from €12,259 to €14,431
- Depreciation -€1,902
down €1,902 (-7.9%), from €23,932 to €22,030
- Financial charges -€649
down €649 (-22.6%), from €2,877 to €2,228
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 | €122,085 | €94,378 | -€27,707 | -22.7% |
| Fixed assets | 21/28 | €97,531 | €77,285 | -€20,246 | -20.8% |
| Tangible fixed assets | 22/27 | €97,373 | €77,126 | -€20,246 | -20.8% |
| Plant, machinery and equipment | 23 | €21,281 | €16,109 | -€5,172 | -24.3% |
| Furniture and vehicles | 24 | €36,584 | €26,664 | -€9,920 | -27.1% |
| Other tangible fixed assets | 26 | €39,508 | €34,354 | -€5,154 | -13.0% |
| Financial fixed assets | 28 | €159 | €159 | = | 0.0% |
| Current assets | 29/58 | €24,553 | €17,093 | -€7,461 | -30.4% |
| Amounts receivable within one year | 40/41 | €975 | €587 | -€388 | -39.8% |
| Trade receivables | 40 | €484 | - | -€484 | |
| Other amounts receivable | 41 | €491 | €587 | +€96 | +19.7% |
| Cash at bank and in hand | 54/58 | €21,347 | €13,305 | -€8,043 | -37.7% |
| Deferred charges and accrued income | 490/1 | €2,232 | €3,201 | +€970 | +43.4% |
| Total equity and liabilities | 10/49 | €122,085 | €94,378 | -€27,707 | -22.7% |
| Equity | 10/15 | €57,360 | €49,457 | -€7,903 | -13.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,300 | €41,397 | -€7,903 | -16.0% |
| Amounts payable | 17/49 | €64,725 | €44,921 | -€19,804 | -30.6% |
| Amounts payable after more than one year | 17 | €35,443 | €17,410 | -€18,033 | -50.9% |
| Financial debts | 170/4 | €35,443 | €17,410 | -€18,033 | -50.9% |
| Amounts payable within one year | 42/48 | €28,206 | €26,881 | -€1,325 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €17,384 | €18,033 | +€650 | +3.7% |
| Trade debts | 44 | €10,823 | €8,848 | -€1,975 | -18.2% |
| Suppliers | 440/4 | €10,823 | €8,848 | -€1,975 | -18.2% |
| Accrued charges and deferred income | 492/3 | €1,075 | €630 | -€445 | -41.4% |
| Remuneration, social security and pensions | 62 | €12,259 | €14,431 | +€2,172 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,932 | €22,030 | -€1,902 | -7.9% |
| Other operating charges | 640/8 | €623 | €642 | +€18 | +2.9% |
| Non-recurring operating charges | 66A | - | €1,212 | +€1,212 | |
| Gross operating margin | 9900 | €36,960 | €32,688 | -€4,272 | -11.6% |
| Operating profit (loss) | 9901 | €146 | -€5,626 | -€5,772 | |
| Financial income | 75/76B | €126 | €76 | -€50 | -39.6% |
| Recurring financial income | 75 | €126 | €76 | -€50 | -39.6% |
| Financial charges | 65/66B | €2,877 | €2,228 | -€649 | -22.6% |
| Recurring financial charges | 65 | €2,877 | €2,228 | -€649 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,606 | -€7,779 | -€5,173 | -199% |
| Income taxes | 67/77 | €14 | €124 | +€111 | +808% |
| Profit (loss) for the period | 9904 | -€2,619 | -€7,903 | -€5,284 | -202% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,619 | -€7,903 | -€5,284 | -202% |
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 15 October 2026 via checked.be.