CAFOHE: 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.
CAFOHE
Largest movements
- Deferred charges and accrued income -€32,500
no longer reported in 2025 (was €32,500)
- Intangible fixed assets -€23,595
down €23,595 (-25.0%), from €94,378 to €70,784
- Cash -€18,186
down €18,186 (-87.9%), from €20,686 to €2,500
mainly Other debts (-€64,913) and Accrued charges and deferred income (-€28,754)
- Tangible fixed assets -€5,317
down €5,317 (-35.8%), from €14,859 to €9,542
of which Furniture and vehicles: -€3,294
- Receivables within one year -€1,815
no longer reported in 2025 (was €1,815)
- Other debts -€64,913
down €64,913 (-14.9%), from €435,060 to €370,147
- Accrued charges and deferred income -€28,754
down €28,754 (-75.0%), from €38,320 to €9,567
- Profit (loss) carried forward +€8,120
up €8,120 (+2.5%), from -€319,650 to -€311,529
- Tax, wage and social debts +€5,293
up €5,293 (+221.7%), from €2,387 to €7,680
- Depreciation -€10,986
down €10,986 (-25.9%), from €42,398 to €31,412
- Other operating charges -€643
down €643 (-37.0%), from €1,736 to €1,093
- Gross operating margin +€423
up €423 (+1.0%), from €40,435 to €40,859
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 | €164,238 | €82,826 | -€81,413 | -49.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €109,237 | €80,325 | -€28,912 | -26.5% |
| Intangible fixed assets | 21 | €94,378 | €70,784 | -€23,595 | -25.0% |
| Tangible fixed assets | 22/27 | €14,859 | €9,542 | -€5,317 | -35.8% |
| Plant, machinery and equipment | 23 | €8,533 | €6,510 | -€2,023 | -23.7% |
| Furniture and vehicles | 24 | €6,326 | €3,032 | -€3,294 | -52.1% |
| Current assets | 29/58 | €55,001 | €2,500 | -€52,501 | -95.5% |
| Amounts receivable within one year | 40/41 | €1,815 | - | -€1,815 | |
| Trade receivables | 40 | €1,815 | - | -€1,815 | |
| Cash at bank and in hand | 54/58 | €20,686 | €2,500 | -€18,186 | -87.9% |
| Deferred charges and accrued income | 490/1 | €32,500 | - | -€32,500 | |
| Total equity and liabilities | 10/49 | €164,238 | €82,826 | -€81,413 | -49.6% |
| Equity | 10/15 | -€313,350 | -€305,229 | +€8,120 | +2.6% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€319,650 | -€311,529 | +€8,120 | +2.5% |
| Amounts payable | 17/49 | €477,588 | €388,055 | -€89,533 | -18.7% |
| Amounts payable within one year | 42/48 | €439,268 | €378,488 | -€60,780 | -13.8% |
| Trade debts | 44 | €1,821 | €661 | -€1,160 | -63.7% |
| Suppliers | 440/4 | €1,821 | €661 | -€1,160 | -63.7% |
| Taxes, remuneration and social security | 45 | €2,387 | €7,680 | +€5,293 | +221.7% |
| Taxes | 450/3 | €2,387 | €7,680 | +€5,293 | +221.7% |
| Other amounts payable | 47/48 | €435,060 | €370,147 | -€64,913 | -14.9% |
| Accrued charges and deferred income | 492/3 | €38,320 | €9,567 | -€28,754 | -75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,398 | €31,412 | -€10,986 | -25.9% |
| Other operating charges | 640/8 | €1,736 | €1,093 | -€643 | -37.0% |
| Gross operating margin | 9900 | €40,435 | €40,859 | +€423 | +1.0% |
| Operating profit (loss) | 9901 | -€3,699 | €8,353 | +€12,053 | |
| Financial charges | 65/66B | €477 | €233 | -€244 | -51.2% |
| Recurring financial charges | 65 | €477 | €233 | -€244 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,176 | €8,120 | +€12,297 | |
| Profit (loss) for the period | 9904 | -€4,176 | €8,120 | +€12,297 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,176 | €8,120 | +€12,297 |
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 5 October 2026 via checked.be.