CAFIDEX: 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.
CAFIDEX
Largest movements
- Cash +€29,161
up €29,161 (+158.6%), from €18,391 to €47,553
mainly Net result for the year (+€41,670) and Depreciation (+€2,653)
- Receivables within one year +€9,219
up €9,219 (+18.7%), from €49,201 to €58,420
of which Trade receivables: +€9,203
- Deferred charges and accrued income +€3,038
up €3,038 (+47.8%), from €6,359 to €9,397
- Reserves +€41,670
up €41,670 (+22.2%), from €187,825 to €229,495
of which Distributable reserves: +€41,670
- Tax, wage and social debts -€3,295
down €3,295 (-26.2%), from €12,581 to €9,286
- Gross operating margin +€3,031
up €3,031 (+5.1%), from €59,457 to €62,488
- Taxes +€1,203
up €1,203 (+8.1%), from €14,814 to €16,017
- Financial charges -€727
down €727 (-14.5%), from €5,014 to €4,287
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 | €204,524 | €244,534 | +€40,011 | +19.6% |
| Fixed assets | 21/28 | €15,573 | €14,165 | -€1,407 | -9.0% |
| Tangible fixed assets | 22/27 | €15,573 | €14,165 | -€1,407 | -9.0% |
| Furniture and vehicles | 24 | €379 | €1,179 | +€800 | +211.4% |
| Other tangible fixed assets | 26 | €15,194 | €12,986 | -€2,208 | -14.5% |
| Current assets | 29/58 | €188,951 | €230,369 | +€41,418 | +21.9% |
| Amounts receivable after more than one year | 29 | €115,000 | €115,000 | = | 0.0% |
| Other amounts receivable | 291 | €115,000 | €115,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,201 | €58,420 | +€9,219 | +18.7% |
| Trade receivables | 40 | €15 | €9,218 | +€9,203 | +63470.3% |
| Other amounts receivable | 41 | €49,186 | €49,202 | +€16 | 0.0% |
| Cash at bank and in hand | 54/58 | €18,391 | €47,553 | +€29,161 | +158.6% |
| Deferred charges and accrued income | 490/1 | €6,359 | €9,397 | +€3,038 | +47.8% |
| Total equity and liabilities | 10/49 | €204,524 | €244,534 | +€40,011 | +19.6% |
| Equity | 10/15 | €188,575 | €230,245 | +€41,670 | +22.1% |
| Contributions | 10/11 | €750 | €750 | = | 0.0% |
| Reserves | 13 | €187,825 | €229,495 | +€41,670 | +22.2% |
| Tax-exempt reserves | 132 | €107 | €107 | = | 0.0% |
| Distributable reserves | 133 | €187,718 | €229,388 | +€41,670 | +22.2% |
| Amounts payable | 17/49 | €15,949 | €14,289 | -€1,660 | -10.4% |
| Amounts payable within one year | 42/48 | €13,787 | €12,516 | -€1,271 | -9.2% |
| Trade debts | 44 | €1,013 | €3,230 | +€2,216 | +218.7% |
| Suppliers | 440/4 | €1,013 | €3,230 | +€2,216 | +218.7% |
| Taxes, remuneration and social security | 45 | €12,581 | €9,286 | -€3,295 | -26.2% |
| Taxes | 450/3 | €12,581 | €9,286 | -€3,295 | -26.2% |
| Other amounts payable | 47/48 | €193 | €0 | -€193 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,162 | €1,773 | -€388 | -18.0% |
| Non-recurring operating income | 76A | €0 | €299 | +€299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,859 | €2,653 | -€206 | -7.2% |
| Other operating charges | 640/8 | €968 | €851 | -€117 | -12.1% |
| Gross operating margin | 9900 | €59,457 | €62,488 | +€3,031 | +5.1% |
| Operating profit (loss) | 9901 | €55,631 | €58,985 | +€3,354 | +6.0% |
| Financial income | 75/76B | €2,497 | €2,990 | +€493 | +19.7% |
| Recurring financial income | 75 | €2,497 | €2,990 | +€493 | +19.7% |
| Financial charges | 65/66B | €5,014 | €4,287 | -€727 | -14.5% |
| Recurring financial charges | 65 | €5,014 | €4,287 | -€727 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €53,113 | €57,687 | +€4,574 | +8.6% |
| Income taxes | 67/77 | €14,814 | €16,017 | +€1,203 | +8.1% |
| Profit (loss) for the period | 9904 | €38,299 | €41,670 | +€3,371 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,299 | €41,670 | +€3,371 | +8.8% |
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 10 October 2026 via checked.be.