CAFASSO: 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.
What changed
CAFASSO
NACE 64.210, Activities of holding companies
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€4.2m
2025 · €4.7m-€507,823
Equity
€19.6m
2025 · €19.0m+€671,322
Cash
€2.1m
2025 · €3.6m-€1.5m
Balance sheet total
€365.1m
2025 · €376.7m-€11.6m
Largest movements
Assets
- Receivables after one year -€10.9m
down €10.9m (-3.1%), from €349.9m to €339.0m
Equity and liabilities
- Debts after one year -€12.0m
down €12.0m (-3.6%), from €330.5m to €318.6m
Income statement
- Financial income -€2.7m
down €2.7m (-13.3%), from €20.3m to €17.6m
- Financial charges -€2.6m
down €2.6m (-16.5%), from €15.9m to €13.3m
- Goods and materials +€1.9m
up €1.9m (+11.5%), from €16.6m to €18.5m
- Turnover +€1.3m
up €1.3m (+6.8%), from €19.2m to €20.5m
From the 2025 result to the 2026 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.
Result 2025
€4.7m
Turnover
+€1.3m
Other operating income
-€48,399
Goods and materials
-€1.9m
Services and other goods
+€36,108
Depreciation
+€78
Other operating charges
+€1,077
Financial income
-€2.7m
Financial charges
+€2.6m
Taxes
+€199,748
Result 2026
€4.2m
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€13.7m
Investment
€0
Financing
-€15.2m
Cash 2025
€3.6m
From operations (derived)
+€13.7m
Net result for the year
+€4.2m
Depreciation
+€1,207
Receivables after one year
+€10.9m
Receivables within one year
-€829,176
Deferred charges and accrued income
+€40,375
Trade debts
+€495,419
Tax, wage and social debts
-€710,582
Other debts
-€945,064
Accrued charges and deferred income
+€534,345
Financing
-€15.2m
Debts after one year
-€12.0m
Current portion of long-term debt
+€281,880
Contributions, distributions and other
-€3.6m
Cash 2026
€2.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €376,704,055 | €365,068,880 | -€11.6m | -3.1% |
| Formation expenses | 20 | €2,802 | €1,595 | -€1,207 | -43.1% |
| Current assets | 29/58 | €376,701,253 | €365,067,285 | -€11.6m | -3.1% |
| Amounts receivable after more than one year | 29 | €349,897,885 | €338,963,604 | -€10.9m | -3.1% |
| Trade receivables | 290 | €349,897,885 | €338,963,604 | -€10.9m | -3.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €22,840,854 | €23,670,030 | +€829,176 | +3.6% |
| Trade receivables | 40 | €22,793,147 | €23,667,831 | +€874,684 | +3.8% |
| Other amounts receivable | 41 | €47,707 | €2,199 | -€45,508 | -95.4% |
| Cash at bank and in hand | 54/58 | €3,568,854 | €2,080,365 | -€1.5m | -41.7% |
| Deferred charges and accrued income | 490/1 | €393,661 | €353,285 | -€40,375 | -10.3% |
| Total equity and liabilities | 10/49 | €376,704,055 | €365,068,880 | -€11.6m | -3.1% |
| Equity | 10/15 | €18,968,427 | €19,639,749 | +€671,322 | +3.5% |
| Contributions | 10/11 | €18,295,485 | €18,295,485 | = | 0.0% |
| Capital | 10 | €18,284,455 | €18,284,455 | = | 0.0% |
| Issued capital | 100 | €18,284,455 | €18,284,455 | = | 0.0% |
| Contributions outside capital | 11 | €11,031 | €11,031 | = | 0.0% |
| Share premium | 1100/10 | €11,031 | €11,031 | = | 0.0% |
| Reserves | 13 | €672,942 | €1,344,264 | +€671,322 | +99.8% |
| Non-distributable reserves | 130/1 | €672,942 | €884,008 | +€211,066 | +31.4% |
| Legal reserve | 130 | €672,942 | €884,008 | +€211,066 | +31.4% |
| Distributable reserves | 133 | - | €460,256 | +€460,256 | |
| Amounts payable | 17/49 | €357,735,628 | €345,429,131 | -€12.3m | -3.4% |
| Amounts payable after more than one year | 17 | €330,520,773 | €318,558,277 | -€12.0m | -3.6% |
| Financial debts | 170/4 | €330,520,773 | €318,558,277 | -€12.0m | -3.6% |
| Subordinated loans | 170 | €40,228,625 | €40,228,625 | = | 0.0% |
| Credit institutions | 173 | €290,292,148 | €278,329,652 | -€12.0m | -4.1% |
| Amounts payable within one year | 42/48 | €24,347,492 | €23,469,145 | -€878,347 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €11,680,616 | €11,962,496 | +€281,880 | +2.4% |
| Trade debts | 44 | €7,354,060 | €7,849,479 | +€495,419 | +6.7% |
| Suppliers | 440/4 | €7,354,060 | €7,849,479 | +€495,419 | +6.7% |
| Taxes, remuneration and social security | 45 | €817,752 | €107,170 | -€710,582 | -86.9% |
| Taxes | 450/3 | €817,752 | €107,170 | -€710,582 | -86.9% |
| Other amounts payable | 47/48 | €4,495,064 | €3,550,000 | -€945,064 | -21.0% |
| Accrued charges and deferred income | 492/3 | €2,867,363 | €3,401,709 | +€534,345 | +18.6% |
| Operating income | 70/76A | €19,226,462 | €20,474,462 | +€1.2m | +6.5% |
| Turnover | 70 | €19,178,063 | €20,474,462 | +€1.3m | +6.8% |
| Other operating income | 74 | €48,399 | €0 | -€48,399 | -100% |
| Operating charges | 60/66A | €17,230,098 | €19,108,208 | +€1.9m | +10.9% |
| Goods for resale, raw materials and consumables | 60 | €16,586,604 | €18,501,977 | +€1.9m | +11.5% |
| Purchases | 600/8 | €16,586,604 | €18,501,977 | +€1.9m | +11.5% |
| Services and other goods | 61 | €639,594 | €603,486 | -€36,108 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,285 | €1,207 | -€78 | -6.1% |
| Other operating charges | 640/8 | €2,616 | €1,539 | -€1,077 | -41.2% |
| Operating profit (loss) | 9901 | €1,996,364 | €1,366,254 | -€630,110 | -31.6% |
| Financial income | 75/76B | €20,286,836 | €17,582,524 | -€2.7m | -13.3% |
| Recurring financial income | 75 | €20,286,836 | €17,582,524 | -€2.7m | -13.3% |
| Income from current assets | 751 | €20,286,836 | €17,582,524 | -€2.7m | -13.3% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €15,947,137 | €13,320,286 | -€2.6m | -16.5% |
| Recurring financial charges | 65 | €15,947,137 | €13,320,286 | -€2.6m | -16.5% |
| Debt charges | 650 | €15,852,558 | €13,211,693 | -€2.6m | -16.7% |
| Other financial charges | 652/9 | €94,578 | €108,592 | +€14,014 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €6,336,063 | €5,628,493 | -€707,570 | -11.2% |
| Income taxes | 67/77 | €1,606,918 | €1,407,170 | -€199,748 | -12.4% |
| Taxes | 670/3 | €1,606,918 | €1,407,170 | -€199,748 | -12.4% |
| Profit (loss) for the period | 9904 | €4,729,145 | €4,221,322 | -€507,823 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,729,145 | €4,221,322 | -€507,823 | -10.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.