CAEFCA: 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.
CAEFCA
Largest movements
- Receivables within one year -€11,425
down €11,425 (-41.7%), from €27,368 to €15,943
of which Trade receivables: -€11,989
- Tangible fixed assets -€7,896
down €7,896 (-27.0%), from €29,227 to €21,331
- Cash +€1,831
up €1,831 (+8.4%), from €21,928 to €23,759
mainly Net result for the year (+€44,280) and Receivables within one year (+€11,425)
- Reserves -€13,447
down €13,447 (-49.3%), from €27,273 to €13,826
- Other debts -€5,556
down €5,556 (-13.7%), from €40,556 to €35,000
- Tax, wage and social debts +€2,074
up €2,074 (+24.6%), from €8,434 to €10,508
- Gross operating margin +€4,929
up €4,929 (+7.5%), from €65,405 to €70,334
- Taxes +€1,444
up €1,444 (+9.2%), from €15,643 to €17,087
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 | €81,437 | €64,444 | -€16,993 | -20.9% |
| Fixed assets | 21/28 | €29,707 | €21,811 | -€7,896 | -26.6% |
| Tangible fixed assets | 22/27 | €29,227 | €21,331 | -€7,896 | -27.0% |
| Furniture and vehicles | 24 | €29,227 | €21,331 | -€7,896 | -27.0% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €51,730 | €42,633 | -€9,097 | -17.6% |
| Amounts receivable within one year | 40/41 | €27,368 | €15,943 | -€11,425 | -41.7% |
| Trade receivables | 40 | €11,989 | - | -€11,989 | |
| Other amounts receivable | 41 | €15,379 | €15,943 | +€564 | +3.7% |
| Cash at bank and in hand | 54/58 | €21,928 | €23,759 | +€1,831 | +8.4% |
| Deferred charges and accrued income | 490/1 | €2,434 | €2,931 | +€497 | +20.4% |
| Total equity and liabilities | 10/49 | €81,437 | €64,444 | -€16,993 | -20.9% |
| Equity | 10/15 | €32,273 | €18,826 | -€13,447 | -41.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,273 | €13,826 | -€13,447 | -49.3% |
| Distributable reserves | 133 | €27,273 | €13,826 | -€13,447 | -49.3% |
| Amounts payable | 17/49 | €49,164 | €45,618 | -€3,546 | -7.2% |
| Amounts payable within one year | 42/48 | €49,164 | €45,618 | -€3,546 | -7.2% |
| Trade debts | 44 | €174 | €110 | -€64 | -36.8% |
| Suppliers | 440/4 | €174 | €110 | -€64 | -36.8% |
| Taxes, remuneration and social security | 45 | €8,434 | €10,508 | +€2,074 | +24.6% |
| Taxes | 450/3 | €8,434 | €10,508 | +€2,074 | +24.6% |
| Other amounts payable | 47/48 | €40,556 | €35,000 | -€5,556 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,956 | €7,896 | -€60 | -0.8% |
| Other operating charges | 640/8 | €1,110 | €931 | -€179 | -16.1% |
| Gross operating margin | 9900 | €65,405 | €70,334 | +€4,929 | +7.5% |
| Operating profit (loss) | 9901 | €56,339 | €61,507 | +€5,168 | +9.2% |
| Financial charges | 65/66B | €140 | €140 | = | 0.0% |
| Recurring financial charges | 65 | €140 | €140 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €56,199 | €61,367 | +€5,168 | +9.2% |
| Income taxes | 67/77 | €15,643 | €17,087 | +€1,444 | +9.2% |
| Profit (loss) for the period | 9904 | €40,556 | €44,280 | +€3,724 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,556 | €44,280 | +€3,724 | +9.2% |
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 30 September 2026 via checked.be.