CAFG: 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.
CAFG
Largest movements
- Cash -€8,681
down €8,681 (-75.6%), from €11,477 to €2,796
mainly Contributions, distributions and other (-€20,000) and Investment in fixed assets (net) (-€1,775)
- Current investments -€8,093
down €8,093 (-75.2%), from €10,755 to €2,662
- Receivables within one year -€1,108
down €1,108 (-99.9%), from €1,109 to €1
of which Trade receivables: -€985
- Tangible fixed assets +€540
up €540 (+5.7%), from €9,477 to €10,016
- Deferred charges and accrued income +€416
new in 2025: €416
- Contributions -€20,000
down €20,000 (-83.3%), from €24,000 to €4,000
- Other debts +€2,518
up €2,518 (+37.5%), from €6,710 to €9,227
- Profit (loss) carried forward -€1,541
down €1,541 (-7.9%), from -€19,542 to -€21,082
- Trade debts +€1,347
up €1,347 (+14.9%), from €9,054 to €10,402
- Tax, wage and social debts +€727
up €727 (+5.8%), from €12,595 to €13,322
of which Taxes: +€3,293
- Staff costs -€11,286
down €11,286 (-33.4%), from €33,804 to €22,518
- Gross operating margin +€8,501
up €8,501 (+44.7%), from €19,034 to €27,535
- Financial charges +€1,974
up €1,974 (+78.0%), from €2,531 to €4,505
- Other operating charges -€1,005
down €1,005 (-58.2%), from €1,728 to €723
- Depreciation +€712
up €712 (+136.1%), from €523 to €1,235
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 | €32,817 | €15,891 | -€16,926 | -51.6% |
| Fixed assets | 21/28 | €9,477 | €10,016 | +€540 | +5.7% |
| Tangible fixed assets | 22/27 | €9,477 | €10,016 | +€540 | +5.7% |
| Plant, machinery and equipment | 23 | €9,477 | €10,016 | +€540 | +5.7% |
| Current assets | 29/58 | €23,341 | €5,875 | -€17,466 | -74.8% |
| Amounts receivable within one year | 40/41 | €1,109 | €1 | -€1,108 | -99.9% |
| Trade receivables | 40 | €986 | €1 | -€985 | -99.9% |
| Other amounts receivable | 41 | €124 | - | -€124 | |
| Current investments | 50/53 | €10,755 | €2,662 | -€8,093 | -75.2% |
| Cash at bank and in hand | 54/58 | €11,477 | €2,796 | -€8,681 | -75.6% |
| Deferred charges and accrued income | 490/1 | - | €416 | +€416 | |
| Total equity and liabilities | 10/49 | €32,817 | €15,891 | -€16,926 | -51.6% |
| Equity | 10/15 | €4,459 | -€17,082 | -€21,541 | |
| Contributions | 10/11 | €24,000 | €4,000 | -€20,000 | -83.3% |
| Profit (loss) carried forward | 14 | -€19,542 | -€21,082 | -€1,541 | -7.9% |
| Amounts payable | 17/49 | €28,359 | €32,973 | +€4,614 | +16.3% |
| Amounts payable after more than one year | 17 | - | €23 | +€23 | |
| Other amounts payable | 178/9 | - | €23 | +€23 | |
| Amounts payable within one year | 42/48 | €28,359 | €32,950 | +€4,592 | +16.2% |
| Trade debts | 44 | €9,054 | €10,402 | +€1,347 | +14.9% |
| Suppliers | 440/4 | €9,054 | €10,402 | +€1,347 | +14.9% |
| Taxes, remuneration and social security | 45 | €12,595 | €13,322 | +€727 | +5.8% |
| Taxes | 450/3 | €4,781 | €8,075 | +€3,293 | +68.9% |
| Remuneration and social security | 454/9 | €7,814 | €5,247 | -€2,567 | -32.8% |
| Other amounts payable | 47/48 | €6,710 | €9,227 | +€2,518 | +37.5% |
| Remuneration, social security and pensions | 62 | €33,804 | €22,518 | -€11,286 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €523 | €1,235 | +€712 | +136.1% |
| Other operating charges | 640/8 | €1,728 | €723 | -€1,005 | -58.2% |
| Gross operating margin | 9900 | €19,034 | €27,535 | +€8,501 | +44.7% |
| Operating profit (loss) | 9901 | -€17,022 | €3,059 | +€20,080 | |
| Financial income | 75/76B | €11 | €64 | +€53 | +485.9% |
| Recurring financial income | 75 | €11 | €64 | +€53 | +485.9% |
| Financial charges | 65/66B | €2,531 | €4,505 | +€1,974 | +78.0% |
| Recurring financial charges | 65 | €2,531 | €4,505 | +€1,974 | +78.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,542 | -€1,382 | +€18,159 | +92.9% |
| Income taxes | 67/77 | - | €158 | +€158 | |
| Profit (loss) for the period | 9904 | -€19,542 | -€1,541 | +€18,001 | +92.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,542 | -€1,541 | +€18,001 | +92.1% |
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 11 October 2026 via checked.be.