CAFRALU: 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.
CAFRALU
Largest movements
- Cash +€124,927
up €124,927 (+48.6%), from €257,012 to €381,938
mainly Net result for the year (+€118,772) and Depreciation (+€84,332)
- Tangible fixed assets -€64,790
down €64,790 (-8.5%), from €764,863 to €700,073
of which Plant, machinery and equipment: -€32,814
- Deferred charges and accrued income +€58,206
up €58,206 (+739.9%), from €7,866 to €66,072
- Receivables within one year +€18,802
up €18,802 (+24.7%), from €76,053 to €94,855
of which Trade receivables: +€52,918
- Reserves +€118,772
up €118,772 (+21.4%), from €553,747 to €672,520
of which Distributable reserves: +€118,772
- Debts after one year -€32,944
down €32,944 (-8.2%), from €403,844 to €370,900
- Tax, wage and social debts +€16,033
up €16,033 (+49.0%), from €32,711 to €48,744
of which Taxes: +€18,220
- Current portion of long-term debt +€15,902
up €15,902 (+36.1%), from €44,042 to €59,944
- Gross operating margin -€70,844
down €70,844 (-16.4%), from €431,440 to €360,595
- Staff costs -€26,575
down €26,575 (-22.9%), from €116,269 to €89,693
- Taxes -€14,155
down €14,155 (-22.0%), from €64,358 to €50,203
- Depreciation +€11,183
up €11,183 (+15.3%), from €73,149 to €84,332
- Financial charges -€5,358
down €5,358 (-35.2%), from €15,202 to €9,844
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 | €1,197,065 | €1,323,612 | +€126,547 | +10.6% |
| Fixed assets | 21/28 | €764,998 | €700,208 | -€64,790 | -8.5% |
| Tangible fixed assets | 22/27 | €764,863 | €700,073 | -€64,790 | -8.5% |
| Land and buildings | 22 | €511,081 | €499,740 | -€11,340 | -2.2% |
| Plant, machinery and equipment | 23 | €197,466 | €164,652 | -€32,814 | -16.6% |
| Furniture and vehicles | 24 | €56,317 | €35,680 | -€20,636 | -36.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €432,067 | €623,404 | +€191,337 | +44.3% |
| Stocks and contracts in progress | 3 | €91,136 | €80,539 | -€10,597 | -11.6% |
| Stocks | 30/36 | €91,136 | €80,539 | -€10,597 | -11.6% |
| Amounts receivable within one year | 40/41 | €76,053 | €94,855 | +€18,802 | +24.7% |
| Trade receivables | 40 | €33,263 | €86,181 | +€52,918 | +159.1% |
| Other amounts receivable | 41 | €42,791 | €8,674 | -€34,117 | -79.7% |
| Cash at bank and in hand | 54/58 | €257,012 | €381,938 | +€124,927 | +48.6% |
| Deferred charges and accrued income | 490/1 | €7,866 | €66,072 | +€58,206 | +739.9% |
| Total equity and liabilities | 10/49 | €1,197,065 | €1,323,612 | +€126,547 | +10.6% |
| Equity | 10/15 | €696,720 | €815,492 | +€118,772 | +17.0% |
| Contributions | 10/11 | €96,596 | €96,596 | = | 0.0% |
| Reserves | 13 | €553,747 | €672,520 | +€118,772 | +21.4% |
| Non-distributable reserves | 130/1 | €10,900 | €10,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,900 | €0 | -€10,900 | -100.0% |
| Other | 1319 | - | €10,900 | +€10,900 | |
| Distributable reserves | 133 | €542,848 | €661,620 | +€118,772 | +21.9% |
| Profit (loss) carried forward | 14 | €46,377 | €46,377 | = | 0.0% |
| Amounts payable | 17/49 | €500,345 | €508,120 | +€7,774 | +1.6% |
| Amounts payable after more than one year | 17 | €403,844 | €370,900 | -€32,944 | -8.2% |
| Financial debts | 170/4 | €403,844 | €370,900 | -€32,944 | -8.2% |
| Amounts payable within one year | 42/48 | €96,502 | €137,220 | +€40,718 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €44,042 | €59,944 | +€15,902 | +36.1% |
| Trade debts | 44 | €17,758 | €26,542 | +€8,783 | +49.5% |
| Suppliers | 440/4 | €17,758 | €26,542 | +€8,783 | +49.5% |
| Taxes, remuneration and social security | 45 | €32,711 | €48,744 | +€16,033 | +49.0% |
| Taxes | 450/3 | €19,358 | €37,578 | +€18,220 | +94.1% |
| Remuneration and social security | 454/9 | €13,353 | €11,166 | -€2,187 | -16.4% |
| Other amounts payable | 47/48 | €1,991 | €1,991 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €116,269 | €89,693 | -€26,575 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,149 | €84,332 | +€11,183 | +15.3% |
| Other operating charges | 640/8 | €5,997 | €7,751 | +€1,754 | +29.2% |
| Gross operating margin | 9900 | €431,440 | €360,595 | -€70,844 | -16.4% |
| Operating profit (loss) | 9901 | €236,025 | €178,820 | -€57,205 | -24.2% |
| Financial income | 75/76B | €702 | €0 | -€702 | -100.0% |
| Recurring financial income | 75 | €702 | €0 | -€702 | -100.0% |
| Financial charges | 65/66B | €15,202 | €9,844 | -€5,358 | -35.2% |
| Recurring financial charges | 65 | €15,202 | €9,844 | -€5,358 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €221,524 | €168,976 | -€52,549 | -23.7% |
| Income taxes | 67/77 | €64,358 | €50,203 | -€14,155 | -22.0% |
| Profit (loss) for the period | 9904 | €157,166 | €118,772 | -€38,394 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €157,166 | €118,772 | -€38,394 | -24.4% |
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.