CAFLI: 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.
CAFLI
Largest movements
- Current investments +€7.9m
new in 2025: €7.9m
- Financial fixed assets +€2.9m
up €2.9m (+150.6%), from €1.9m to €4.8m
- Receivables within one year +€165,599
new in 2025: €165,599
- Reserves +€11.0m
up €11.0m (+2680.7%), from €410,610 to €11.4m
of which Distributable reserves: +€11.1m
- Tax, wage and social debts +€1.1m
new in 2025: €1.1m
- Other debts -€1.1m
down €1.1m (-99.2%), from €1.1m to €9,000
- Financial income +€12.6m
new in 2025: €12.6m
of which Non-recurring financial income: +€11.6m
- Taxes +€1.1m
new in 2025: €1.1m
- Financial charges +€268,560
up €268,560 (+4825.8%), from €5,565 to €274,125
of which Non-recurring financial charges: +€269,059
- Gross operating margin -€159,161
down €159,161 (-1339.1%), from -€11,886 to -€171,047
- Other operating charges +€11,862
up €11,862 (+275.3%), from €4,309 to €16,172
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 | €2,487,896 | €13,443,308 | +€11.0m | +440.3% |
| Fixed assets | 21/28 | €2,473,043 | €5,325,590 | +€2.9m | +115.3% |
| Tangible fixed assets | 22/27 | €565,388 | €544,734 | -€20,654 | -3.7% |
| Land and buildings | 22 | €304,405 | €543,609 | +€239,204 | +78.6% |
| Plant, machinery and equipment | 23 | €259,733 | €0 | -€259,733 | -100.0% |
| Furniture and vehicles | 24 | €1,250 | €1,125 | -€125 | -10.0% |
| Financial fixed assets | 28 | €1,907,655 | €4,780,856 | +€2.9m | +150.6% |
| Current assets | 29/58 | €14,852 | €8,117,718 | +€8.1m | +54555.7% |
| Amounts receivable within one year | 40/41 | - | €165,599 | +€165,599 | |
| Other amounts receivable | 41 | - | €165,599 | +€165,599 | |
| Current investments | 50/53 | - | €7,912,306 | +€7.9m | |
| Cash at bank and in hand | 54/58 | €10,815 | €37,050 | +€26,235 | +242.6% |
| Deferred charges and accrued income | 490/1 | €4,037 | €2,762 | -€1,275 | -31.6% |
| Total equity and liabilities | 10/49 | €2,487,896 | €13,443,308 | +€11.0m | +440.3% |
| Equity | 10/15 | €1,168,379 | €12,175,753 | +€11.0m | +942.1% |
| Contributions | 10/11 | €777,100 | €777,100 | = | 0.0% |
| Outside capital | 11 | €777,100 | - | -€777,100 | |
| Share premium | 1100/10 | €777,100 | - | -€777,100 | |
| Reserves | 13 | €410,610 | €11,417,983 | +€11.0m | +2680.7% |
| Non-distributable reserves | 130/1 | €77,710 | €0 | -€77,710 | -100.0% |
| Reserves not available under the articles | 1311 | €77,710 | €0 | -€77,710 | -100.0% |
| Distributable reserves | 133 | €332,900 | €11,417,983 | +€11.1m | +3329.9% |
| Profit (loss) carried forward | 14 | -€19,331 | -€19,331 | = | 0.0% |
| Amounts payable | 17/49 | €1,319,516 | €1,267,555 | -€51,961 | -3.9% |
| Amounts payable after more than one year | 17 | €156,377 | €116,384 | -€39,993 | -25.6% |
| Financial debts | 170/4 | €156,377 | €116,384 | -€39,993 | -25.6% |
| Amounts payable within one year | 42/48 | €1,163,139 | €1,151,171 | -€11,968 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €39,366 | €39,993 | +€627 | +1.6% |
| Trade debts | 44 | €15,083 | €1,441 | -€13,642 | -90.4% |
| Suppliers | 440/4 | €15,083 | €1,441 | -€13,642 | -90.4% |
| Taxes, remuneration and social security | 45 | - | €1,100,737 | +€1.1m | |
| Taxes | 450/3 | - | €1,100,737 | +€1.1m | |
| Other amounts payable | 47/48 | €1,108,691 | €9,000 | -€1.1m | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,081 | €24,474 | +€1,393 | +6.0% |
| Other operating charges | 640/8 | €4,309 | €16,172 | +€11,862 | +275.3% |
| Gross operating margin | 9900 | -€11,886 | -€171,047 | -€159,161 | -1339.1% |
| Operating profit (loss) | 9901 | -€39,276 | -€211,693 | -€172,417 | -439.0% |
| Financial income | 75/76B | - | €12,593,929 | +€12.6m | |
| Recurring financial income | 75 | - | €946,412 | +€946,412 | |
| Non-recurring financial income | 76B | - | €11,647,517 | +€11.6m | |
| Financial charges | 65/66B | €5,565 | €274,125 | +€268,560 | +4825.8% |
| Recurring financial charges | 65 | €5,565 | €5,067 | -€498 | -9.0% |
| Non-recurring financial charges | 66B | - | €269,059 | +€269,059 | |
| Profit (loss) for the period before taxes | 9903 | -€44,841 | €12,108,111 | +€12.2m | |
| Income taxes | 67/77 | - | €1,100,737 | +€1.1m | |
| Profit (loss) for the period | 9904 | -€44,841 | €11,007,373 | +€11.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,841 | €11,007,373 | +€11.1m |
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 8 October 2026 via checked.be.