CAFACO: 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.
CAFACO
Largest movements
- Current investments -€686,253
down €686,253 (-17.0%), from €4.0m to €3.4m
- Receivables within one year +€426,284
up €426,284 (+34.1%), from €1.2m to €1.7m
of which Trade receivables: +€625,484
- Other debts -€451,341
down €451,341 (-59.6%), from €757,685 to €306,344
- Reserves +€219,167
up €219,167 (+3.9%), from €5.6m to €5.8m
of which Distributable reserves: +€429,667
- Financial income -€798,644
down €798,644 (-91.3%), from €874,462 to €75,818
- Gross operating margin +€104,557
up €104,557 (+12.2%), from €855,207 to €959,764
- Taxes -€40,986
down €40,986 (-11.0%), from €373,718 to €332,732
- Financial charges -€13,114
down €13,114 (-33.3%), from €39,379 to €26,265
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 | €6,688,411 | €6,430,207 | -€258,204 | -3.9% |
| Fixed assets | 21/28 | €1,239,468 | €1,239,468 | = | 0.0% |
| Financial fixed assets | 28 | €1,239,468 | €1,239,468 | = | 0.0% |
| Current assets | 29/58 | €5,448,943 | €5,190,739 | -€258,204 | -4.7% |
| Amounts receivable within one year | 40/41 | €1,249,502 | €1,675,786 | +€426,284 | +34.1% |
| Trade receivables | 40 | €300,902 | €926,386 | +€625,484 | +207.9% |
| Other amounts receivable | 41 | €948,600 | €749,400 | -€199,200 | -21.0% |
| Current investments | 50/53 | €4,042,332 | €3,356,079 | -€686,253 | -17.0% |
| Cash at bank and in hand | 54/58 | €147,321 | €146,724 | -€597 | -0.4% |
| Deferred charges and accrued income | 490/1 | €9,789 | €12,150 | +€2,361 | +24.1% |
| Total equity and liabilities | 10/49 | €6,688,411 | €6,430,207 | -€258,204 | -3.9% |
| Equity | 10/15 | €5,649,412 | €5,868,579 | +€219,167 | +3.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,630,820 | €5,849,987 | +€219,167 | +3.9% |
| Tax-exempt reserves | 132 | €285,500 | €75,000 | -€210,500 | -73.7% |
| Distributable reserves | 133 | €5,345,320 | €5,774,987 | +€429,667 | +8.0% |
| Amounts payable | 17/49 | €1,038,998 | €561,627 | -€477,371 | -45.9% |
| Amounts payable within one year | 42/48 | €1,013,194 | €545,126 | -€468,068 | -46.2% |
| Trade debts | 44 | €3,654 | €3,754 | +€99 | +2.7% |
| Suppliers | 440/4 | €3,654 | €3,754 | +€99 | +2.7% |
| Taxes, remuneration and social security | 45 | €251,855 | €235,028 | -€16,827 | -6.7% |
| Taxes | 450/3 | €251,855 | €235,028 | -€16,827 | -6.7% |
| Other amounts payable | 47/48 | €757,685 | €306,344 | -€451,341 | -59.6% |
| Accrued charges and deferred income | 492/3 | €25,804 | €16,501 | -€9,303 | -36.1% |
| Other operating charges | 640/8 | €330 | €144 | -€186 | -56.3% |
| Gross operating margin | 9900 | €855,207 | €959,764 | +€104,557 | +12.2% |
| Operating profit (loss) | 9901 | €854,877 | €959,620 | +€104,742 | +12.3% |
| Financial income | 75/76B | €874,462 | €75,818 | -€798,644 | -91.3% |
| Recurring financial income | 75 | €874,462 | €75,818 | -€798,644 | -91.3% |
| Financial charges | 65/66B | €39,379 | €26,265 | -€13,114 | -33.3% |
| Recurring financial charges | 65 | €39,379 | €26,265 | -€13,114 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €1,689,960 | €1,009,173 | -€680,787 | -40.3% |
| Income taxes | 67/77 | €373,718 | €332,732 | -€40,986 | -11.0% |
| Profit (loss) for the period | 9904 | €1,316,242 | €676,441 | -€639,801 | -48.6% |
| Transfer from tax-exempt reserves | 789 | €168,400 | €210,500 | +€42,100 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,484,642 | €886,941 | -€597,701 | -40.3% |
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 28 September 2026 via checked.be.