CAF'HEY: 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.
CAF'HEY
Largest movements
- Cash +€12,951
up €12,951 (+258%), from €5,025 to €17,975
mainly Net result for the year (+€15,497) and Receivables within one year (+€10,308)
- Receivables within one year -€10,308
down €10,308 (-74.4%), from €13,863 to €3,556
of which Other amounts receivable: -€6,686
- Tangible fixed assets -€3,362
down €3,362 (-3.5%), from €95,787 to €92,426
of which Furniture and vehicles: -€6,409
- Stocks and contracts +€1,429
new in 2025: €1,429
- Profit (loss) carried forward +€15,497
up €15,497 (+46.1%), from €33,603 to €49,100
- Debts after one year -€8,442
down €8,442 (-18.8%), from €45,000 to €36,558
- Other debts -€5,383
no longer reported in 2025 (was €5,383)
- Tax, wage and social debts -€2,422
down €2,422 (-100.0%), from €2,422 to €0
of which Remuneration and social security: -€2,263
- Trade debts +€1,353
up €1,353 (+13.8%), from €9,774 to €11,127
- Gross operating margin -€24,302
down €24,302 (-42.6%), from €57,070 to €32,768
- Staff costs -€19,617
down €19,617 (-82.2%), from €23,855 to €4,238
- Taxes +€3,593
new in 2025: €3,593
- Financial charges +€1,772
up €1,772 (+724%), from €245 to €2,016
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 | €114,783 | €115,386 | +€603 | +0.5% |
| Fixed assets | 21/28 | €95,787 | €92,426 | -€3,362 | -3.5% |
| Tangible fixed assets | 22/27 | €95,787 | €92,426 | -€3,362 | -3.5% |
| Plant, machinery and equipment | 23 | €2,164 | €5,212 | +€3,048 | +141% |
| Furniture and vehicles | 24 | €93,623 | €87,214 | -€6,409 | -6.8% |
| Current assets | 29/58 | €18,995 | €22,960 | +€3,965 | +20.9% |
| Stocks and contracts in progress | 3 | - | €1,429 | +€1,429 | |
| Stocks | 30/36 | - | €1,429 | +€1,429 | |
| Amounts receivable within one year | 40/41 | €13,863 | €3,556 | -€10,308 | -74.4% |
| Trade receivables | 40 | €4,577 | €955 | -€3,622 | -79.1% |
| Other amounts receivable | 41 | €9,286 | €2,600 | -€6,686 | -72.0% |
| Cash at bank and in hand | 54/58 | €5,025 | €17,975 | +€12,951 | +258% |
| Deferred charges and accrued income | 490/1 | €108 | - | -€108 | |
| Total equity and liabilities | 10/49 | €114,783 | €115,386 | +€603 | +0.5% |
| Equity | 10/15 | €52,203 | €67,700 | +€15,497 | +29.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,603 | €49,100 | +€15,497 | +46.1% |
| Amounts payable | 17/49 | €62,579 | €47,686 | -€14,893 | -23.8% |
| Amounts payable after more than one year | 17 | €45,000 | €36,558 | -€8,442 | -18.8% |
| Financial debts | 170/4 | €45,000 | €36,558 | -€8,442 | -18.8% |
| Amounts payable within one year | 42/48 | €17,579 | €11,127 | -€6,452 | -36.7% |
| Trade debts | 44 | €9,774 | €11,127 | +€1,353 | +13.8% |
| Suppliers | 440/4 | €9,774 | €11,127 | +€1,353 | +13.8% |
| Taxes, remuneration and social security | 45 | €2,422 | €0 | -€2,422 | -100.0% |
| Taxes | 450/3 | €159 | - | -€159 | |
| Remuneration and social security | 454/9 | €2,263 | €0 | -€2,263 | -100.0% |
| Other amounts payable | 47/48 | €5,383 | - | -€5,383 | |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Remuneration, social security and pensions | 62 | €23,855 | €4,238 | -€19,617 | -82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,613 | €6,809 | +€196 | +3.0% |
| Other operating charges | 640/8 | €517 | €609 | +€91 | +17.7% |
| Non-recurring operating charges | 66A | €141 | €6 | -€135 | -95.6% |
| Gross operating margin | 9900 | €57,070 | €32,768 | -€24,302 | -42.6% |
| Operating profit (loss) | 9901 | €25,944 | €21,106 | -€4,837 | -18.6% |
| Financial charges | 65/66B | €245 | €2,016 | +€1,772 | +724% |
| Recurring financial charges | 65 | €245 | €2,016 | +€1,772 | +724% |
| Profit (loss) for the period before taxes | 9903 | €25,699 | €19,090 | -€6,609 | -25.7% |
| Income taxes | 67/77 | - | €3,593 | +€3,593 | |
| Profit (loss) for the period | 9904 | €25,699 | €15,497 | -€10,202 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,699 | €15,497 | -€10,202 | -39.7% |
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 14 October 2026 via checked.be.