CAFFENATION: 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.
CAFFENATION
Largest movements
- Stocks and contracts +€73,033
up €73,033 (+78.0%), from €93,586 to €166,619
- Receivables after one year -€67,217
down €67,217 (-40.8%), from €164,717 to €97,500
- Receivables within one year +€54,356
up €54,356 (+20.6%), from €264,259 to €318,614
of which Trade receivables: +€76,258
- Tangible fixed assets -€41,382
down €41,382 (-36.7%), from €112,780 to €71,398
of which Furniture and vehicles: -€27,795
- Cash +€27,704
up €27,704 (+42.8%), from €64,733 to €92,437
mainly Net result for the year (+€106,248) and Receivables after one year (+€67,217)
- Debts after one year -€69,658
down €69,658 (-25.6%), from €272,014 to €202,356
of which Financial debts: -€69,658
- Reserves +€65,692
up €65,692 (+19.4%), from €338,330 to €404,023
- Tax, wage and social debts +€28,010
up €28,010 (+36.1%), from €77,697 to €105,707
of which Taxes: +€21,670
- Trade debts +€19,360
up €19,360 (+27.5%), from €70,511 to €89,871
- Gross operating margin -€180,056
down €180,056 (-23.9%), from €752,974 to €572,918
- Staff costs -€163,013
down €163,013 (-28.2%), from €577,441 to €414,427
- Financial income +€48,975
up €48,975 (+3062.3%), from €1,599 to €50,574
- Taxes -€13,224
down €13,224 (-36.2%), from €36,577 to €23,354
- Financial charges +€12,039
up €12,039 (+63.4%), from €18,996 to €31,034
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 | €926,055 | €969,099 | +€43,044 | +4.6% |
| Fixed assets | 21/28 | €335,727 | €293,929 | -€41,798 | -12.4% |
| Intangible fixed assets | 21 | €1,947 | €1,531 | -€416 | -21.4% |
| Tangible fixed assets | 22/27 | €112,780 | €71,398 | -€41,382 | -36.7% |
| Plant, machinery and equipment | 23 | €19,145 | €9,715 | -€9,430 | -49.3% |
| Furniture and vehicles | 24 | €76,945 | €49,150 | -€27,795 | -36.1% |
| Other tangible fixed assets | 26 | €16,690 | €12,533 | -€4,157 | -24.9% |
| Financial fixed assets | 28 | €221,000 | €221,000 | = | 0.0% |
| Current assets | 29/58 | €590,328 | €675,170 | +€84,842 | +14.4% |
| Amounts receivable after more than one year | 29 | €164,717 | €97,500 | -€67,217 | -40.8% |
| Other amounts receivable | 291 | €164,717 | €97,500 | -€67,217 | -40.8% |
| Stocks and contracts in progress | 3 | €93,586 | €166,619 | +€73,033 | +78.0% |
| Stocks | 30/36 | €93,586 | €166,619 | +€73,033 | +78.0% |
| Amounts receivable within one year | 40/41 | €264,259 | €318,614 | +€54,356 | +20.6% |
| Trade receivables | 40 | €146,110 | €222,368 | +€76,258 | +52.2% |
| Other amounts receivable | 41 | €118,149 | €96,246 | -€21,903 | -18.5% |
| Cash at bank and in hand | 54/58 | €64,733 | €92,437 | +€27,704 | +42.8% |
| Deferred charges and accrued income | 490/1 | €3,033 | €0 | -€3,033 | -100.0% |
| Total equity and liabilities | 10/49 | €926,055 | €969,099 | +€43,044 | +4.6% |
| Equity | 10/15 | €358,330 | €424,023 | +€65,692 | +18.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €338,330 | €404,023 | +€65,692 | +19.4% |
| Distributable reserves | 133 | €338,330 | €404,023 | +€65,692 | +19.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €567,725 | €545,077 | -€22,648 | -4.0% |
| Amounts payable after more than one year | 17 | €272,014 | €202,356 | -€69,658 | -25.6% |
| Financial debts | 170/4 | €202,014 | €132,356 | -€69,658 | -34.5% |
| Other amounts payable | 178/9 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €295,551 | €341,971 | +€46,420 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €82,506 | €79,777 | -€2,728 | -3.3% |
| Trade debts | 44 | €70,511 | €89,871 | +€19,360 | +27.5% |
| Suppliers | 440/4 | €70,511 | €89,871 | +€19,360 | +27.5% |
| Taxes, remuneration and social security | 45 | €77,697 | €105,707 | +€28,010 | +36.1% |
| Taxes | 450/3 | €25,590 | €47,260 | +€21,670 | +84.7% |
| Remuneration and social security | 454/9 | €52,107 | €58,447 | +€6,340 | +12.2% |
| Other amounts payable | 47/48 | €64,838 | €66,615 | +€1,778 | +2.7% |
| Accrued charges and deferred income | 492/3 | €160 | €750 | +€590 | +368.8% |
| Remuneration, social security and pensions | 62 | €577,441 | €414,427 | -€163,013 | -28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,118 | €43,493 | +€375 | +0.9% |
| Other operating charges | 640/8 | €3,157 | €4,935 | +€1,778 | +56.3% |
| Gross operating margin | 9900 | €752,974 | €572,918 | -€180,056 | -23.9% |
| Operating profit (loss) | 9901 | €129,259 | €110,062 | -€19,197 | -14.9% |
| Financial income | 75/76B | €1,599 | €50,574 | +€48,975 | +3062.3% |
| Recurring financial income | 75 | €1,599 | €50,574 | +€48,975 | +3062.3% |
| Financial charges | 65/66B | €18,996 | €31,034 | +€12,039 | +63.4% |
| Recurring financial charges | 65 | €18,996 | €31,034 | +€12,039 | +63.4% |
| Profit (loss) for the period before taxes | 9903 | €111,863 | €129,602 | +€17,739 | +15.9% |
| Income taxes | 67/77 | €36,577 | €23,354 | -€13,224 | -36.2% |
| Profit (loss) for the period | 9904 | €75,286 | €106,248 | +€30,963 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €75,286 | €106,248 | +€30,963 | +41.1% |
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 12 October 2026 via checked.be.