Cafrane: 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.
Cafrane
Largest movements
- Tangible fixed assets -€59,314
down €59,314 (-2.1%), from €2.8m to €2.8m
of which Land and buildings: -€57,262
- Profit (loss) carried forward -€66,609
down €66,609 (-4.4%), from -€1.5m to -€1.6m
- Financial income -€19,621
down €19,621 (-55.0%), from €35,648 to €16,026
- Gross operating margin -€12,758
down €12,758, from €10,456 to -€2,302
- Other operating charges +€4,836
up €4,836 (+59.2%), from €8,168 to €13,004
- Depreciation -€1,630
down €1,630 (-2.7%), from €60,944 to €59,314
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 | €3,512,491 | €3,445,510 | -€66,981 | -1.9% |
| Fixed assets | 21/28 | €2,811,242 | €2,751,928 | -€59,314 | -2.1% |
| Tangible fixed assets | 22/27 | €2,811,242 | €2,751,928 | -€59,314 | -2.1% |
| Land and buildings | 22 | €2,784,393 | €2,727,131 | -€57,262 | -2.1% |
| Plant, machinery and equipment | 23 | €26,181 | €24,419 | -€1,761 | -6.7% |
| Furniture and vehicles | 24 | €668 | €378 | -€290 | -43.4% |
| Current assets | 29/58 | €701,249 | €693,582 | -€7,667 | -1.1% |
| Amounts receivable within one year | 40/41 | €11,836 | €4,808 | -€7,028 | -59.4% |
| Trade receivables | 40 | €2,727 | €0 | -€2,727 | -100.0% |
| Other amounts receivable | 41 | €9,109 | €4,808 | -€4,301 | -47.2% |
| Current investments | 50/53 | €600,000 | €600,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €86,635 | €85,861 | -€774 | -0.9% |
| Deferred charges and accrued income | 490/1 | €2,778 | €2,913 | +€135 | +4.9% |
| Total equity and liabilities | 10/49 | €3,512,491 | €3,445,510 | -€66,981 | -1.9% |
| Equity | 10/15 | €1,872,378 | €1,805,769 | -€66,609 | -3.6% |
| Contributions | 10/11 | €1,119,149 | €1,119,149 | = | 0.0% |
| Capital | 10 | €1,100,000 | €1,100,000 | = | 0.0% |
| Issued capital | 100 | €1,100,000 | €1,100,000 | = | 0.0% |
| Outside capital | 11 | €19,149 | €19,149 | = | 0.0% |
| Share premium | 1100/10 | €19,149 | €19,149 | = | 0.0% |
| Revaluation surpluses | 12 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €255,308 | €255,308 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250,000 | €250,000 | = | 0.0% |
| Legal reserve | 130 | €250,000 | €250,000 | = | 0.0% |
| Distributable reserves | 133 | €5,308 | €5,308 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,502,078 | -€1,568,687 | -€66,609 | -4.4% |
| Amounts payable | 17/49 | €1,640,113 | €1,639,741 | -€372 | 0.0% |
| Amounts payable after more than one year | 17 | €600,000 | €600,000 | = | 0.0% |
| Financial debts | 170/4 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,030,471 | €1,029,901 | -€570 | -0.1% |
| Trade debts | 44 | €138 | €301 | +€162 | +117.5% |
| Suppliers | 440/4 | €138 | €301 | +€162 | +117.5% |
| Other amounts payable | 47/48 | €1,030,333 | €1,029,601 | -€733 | -0.1% |
| Accrued charges and deferred income | 492/3 | €9,642 | €9,840 | +€198 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,944 | €59,314 | -€1,630 | -2.7% |
| Other operating charges | 640/8 | €8,168 | €13,004 | +€4,836 | +59.2% |
| Gross operating margin | 9900 | €10,456 | -€2,302 | -€12,758 | |
| Operating profit (loss) | 9901 | -€58,656 | -€74,620 | -€15,964 | -27.2% |
| Financial income | 75/76B | €35,648 | €16,026 | -€19,621 | -55.0% |
| Recurring financial income | 75 | €35,648 | €16,026 | -€19,621 | -55.0% |
| Financial charges | 65/66B | €8,044 | €8,016 | -€29 | -0.4% |
| Recurring financial charges | 65 | €8,044 | €8,016 | -€29 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,052 | -€66,609 | -€35,557 | -114.5% |
| Profit (loss) for the period | 9904 | -€31,052 | -€66,609 | -€35,557 | -114.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,052 | -€66,609 | -€35,557 | -114.5% |
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.