CAFRAN: 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.
CAFRAN
Largest movements
- Cash +€30,291
up €30,291 (+16.2%), from €187,491 to €217,782
mainly Net result for the year (+€49,411) and Deferred charges and accrued income (+€8,740)
- Deferred charges and accrued income -€8,740
down €8,740 (-90.9%), from €9,619 to €879
- Tangible fixed assets -€7,690
down €7,690 (-68.0%), from €11,310 to €3,620
of which Furniture and vehicles: -€8,054
- Reserves +€49,400
up €49,400 (+35.9%), from €137,500 to €186,900
- Tax, wage and social debts -€35,467
down €35,467 (-55.3%), from €64,138 to €28,671
- Gross operating margin +€8,864
up €8,864 (+11.8%), from €75,298 to €84,162
- Turnover +€5,605
up €5,605 (+5.5%), from €102,834 to €108,439
- Purchases and services -€3,259
down €3,259 (-11.8%), from €27,536 to €24,277
- Taxes +€2,591
up €2,591 (+11.5%), from €22,598 to €25,189
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 | €208,420 | €222,440 | +€14,020 | +6.7% |
| Fixed assets | 21/28 | €11,310 | €3,620 | -€7,690 | -68.0% |
| Tangible fixed assets | 22/27 | €11,310 | €3,620 | -€7,690 | -68.0% |
| Plant, machinery and equipment | 23 | €681 | €1,045 | +€364 | +53.5% |
| Furniture and vehicles | 24 | €10,629 | €2,575 | -€8,054 | -75.8% |
| Current assets | 29/58 | €197,110 | €218,820 | +€21,710 | +11.0% |
| Amounts receivable within one year | 40/41 | - | €159 | +€159 | |
| Trade receivables | 40 | - | €159 | +€159 | |
| Cash at bank and in hand | 54/58 | €187,491 | €217,782 | +€30,291 | +16.2% |
| Deferred charges and accrued income | 490/1 | €9,619 | €879 | -€8,740 | -90.9% |
| Total equity and liabilities | 10/49 | €208,420 | €222,440 | +€14,020 | +6.7% |
| Equity | 10/15 | €143,486 | €192,897 | +€49,411 | +34.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €137,500 | €186,900 | +€49,400 | +35.9% |
| Non-distributable reserves | 130/1 | €137,500 | €186,900 | +€49,400 | +35.9% |
| Other | 1319 | €137,500 | €186,900 | +€49,400 | +35.9% |
| Profit (loss) carried forward | 14 | €986 | €997 | +€11 | +1.1% |
| Amounts payable | 17/49 | €64,934 | €29,543 | -€35,391 | -54.5% |
| Amounts payable within one year | 42/48 | €64,934 | €29,311 | -€35,623 | -54.9% |
| Trade debts | 44 | €215 | - | -€215 | |
| Suppliers | 440/4 | €215 | - | -€215 | |
| Taxes, remuneration and social security | 45 | €64,138 | €28,671 | -€35,467 | -55.3% |
| Taxes | 450/3 | €64,138 | €28,671 | -€35,467 | -55.3% |
| Other amounts payable | 47/48 | €581 | €640 | +€59 | +10.2% |
| Accrued charges and deferred income | 492/3 | - | €232 | +€232 | |
| Turnover | 70 | €102,834 | €108,439 | +€5,605 | +5.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €27,536 | €24,277 | -€3,259 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,318 | €8,520 | +€202 | +2.4% |
| Other operating charges | 640/8 | €1,089 | €994 | -€95 | -8.7% |
| Gross operating margin | 9900 | €75,298 | €84,162 | +€8,864 | +11.8% |
| Operating profit (loss) | 9901 | €65,891 | €74,648 | +€8,757 | +13.3% |
| Financial charges | 65/66B | €42 | €48 | +€6 | +14.3% |
| Recurring financial charges | 65 | €42 | €48 | +€6 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €65,849 | €74,600 | +€8,751 | +13.3% |
| Income taxes | 67/77 | €22,598 | €25,189 | +€2,591 | +11.5% |
| Profit (loss) for the period | 9904 | €43,251 | €49,411 | +€6,160 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,251 | €49,411 | +€6,160 | +14.2% |
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 3 October 2026 via checked.be.