Ca.Fe: what changed
Two fiscal 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.
Ca.Fe
Largest movements
- Receivables within one year +€35,536
up €35,536 (+544.0%), from €6,533 to €42,068
of which Trade receivables: +€27,413
- Tangible fixed assets -€3,920
down €3,920 (-28.3%), from €13,867 to €9,947
of which Furniture and vehicles: -€2,832
- Cash -€2,527
down €2,527 (-58.7%), from €4,308 to €1,781
mainly Receivables within one year (-€35,536)
- Trade debts +€19,431
up €19,431 (+180.1%), from €10,788 to €30,219
- Reserves +€5,756
up €5,756 (+55.0%), from €10,457 to €16,213
- Advances received +€2,929
new in 2025: €2,929
- Tax, wage and social debts +€678
up €678 (+6.6%), from €10,243 to €10,921
- Gross operating margin -€9,025
down €9,025 (-33.7%), from €26,795 to €17,770
- Taxes -€4,190
down €4,190 (-58.6%), from €7,155 to €2,964
- Other operating charges -€2,214
down €2,214 (-63.2%), from €3,503 to €1,289
- Financial charges +€346
up €346 (+123.9%), from €279 to €624
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.
Cash bridge derived
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 | €32,488 | €61,282 | +€28,794 | +88.6% |
| Fixed assets | 21/28 | €13,867 | €9,947 | -€3,920 | -28.3% |
| Tangible fixed assets | 22/27 | €13,867 | €9,947 | -€3,920 | -28.3% |
| Land and buildings | 22 | €2,839 | €2,129 | -€710 | -25.0% |
| Plant, machinery and equipment | 23 | €1,557 | €1,179 | -€378 | -24.3% |
| Furniture and vehicles | 24 | €9,470 | €6,639 | -€2,832 | -29.9% |
| Current assets | 29/58 | €18,621 | €51,335 | +€32,714 | +175.7% |
| Stocks and contracts in progress | 3 | €5,695 | €5,544 | -€151 | -2.6% |
| Stocks | 30/36 | €5,695 | €5,544 | -€151 | -2.6% |
| Amounts receivable within one year | 40/41 | €6,533 | €42,068 | +€35,536 | +544.0% |
| Trade receivables | 40 | €570 | €27,983 | +€27,413 | +4809.4% |
| Other amounts receivable | 41 | €5,963 | €14,085 | +€8,123 | +136.2% |
| Cash at bank and in hand | 54/58 | €4,308 | €1,781 | -€2,527 | -58.7% |
| Deferred charges and accrued income | 490/1 | €2,086 | €1,941 | -€145 | -6.9% |
| Total equity and liabilities | 10/49 | €32,488 | €61,282 | +€28,794 | +88.6% |
| Equity | 10/15 | €11,457 | €17,213 | +€5,756 | +50.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €10,457 | €16,213 | +€5,756 | +55.0% |
| Distributable reserves | 133 | €10,457 | €16,213 | +€5,756 | +55.0% |
| Amounts payable | 17/49 | €21,031 | €44,069 | +€23,038 | +109.5% |
| Amounts payable within one year | 42/48 | €21,031 | €44,069 | +€23,038 | +109.5% |
| Trade debts | 44 | €10,788 | €30,219 | +€19,431 | +180.1% |
| Suppliers | 440/4 | €10,788 | €30,219 | +€19,431 | +180.1% |
| Advances received on contracts in progress | 46 | - | €2,929 | +€2,929 | |
| Taxes, remuneration and social security | 45 | €10,243 | €10,921 | +€678 | +6.6% |
| Taxes | 450/3 | €10,243 | €10,921 | +€678 | +6.6% |
| Remuneration, social security and pensions | 62 | €1,382 | €1,360 | -€22 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,068 | €3,920 | -€148 | -3.6% |
| Other operating charges | 640/8 | €3,503 | €1,289 | -€2,214 | -63.2% |
| Non-recurring operating charges | 66A | - | €1,856 | +€1,856 | |
| Gross operating margin | 9900 | €26,795 | €17,770 | -€9,025 | -33.7% |
| Operating profit (loss) | 9901 | €17,842 | €9,345 | -€8,497 | -47.6% |
| Financial income | 75/76B | €49 | €0 | -€49 | -100.0% |
| Recurring financial income | 75 | €49 | €0 | -€49 | -100.0% |
| Financial charges | 65/66B | €279 | €624 | +€346 | +123.9% |
| Recurring financial charges | 65 | €279 | €624 | +€346 | +123.9% |
| Profit (loss) for the period before taxes | 9903 | €17,612 | €8,720 | -€8,891 | -50.5% |
| Income taxes | 67/77 | €7,155 | €2,964 | -€4,190 | -58.6% |
| Profit (loss) for the period | 9904 | €10,457 | €5,756 | -€4,701 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,457 | €5,756 | -€4,701 | -45.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.