Cafta: 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.
Cafta
Largest movements
- Financial fixed assets +€60,000
up €60,000 (+24000.0%), from €250 to €60,250
- Receivables within one year -€13,446
down €13,446 (-5.2%), from €257,086 to €243,640
of which Trade receivables: -€6,726
- Tangible fixed assets -€3,905
down €3,905 (-15.4%), from €25,332 to €21,427
of which Furniture and vehicles: -€4,198
- Trade debts +€52,257
up €52,257 (+498.5%), from €10,483 to €62,739
- Other debts +€18,509
new in 2025: €18,509
- Short-term financial debts -€9,025
down €9,025 (-16.9%), from €53,538 to €44,513
- Debts after one year -€7,791
down €7,791 (-9.4%), from €82,791 to €75,000
- Reserves -€7,031
down €7,031 (-7.2%), from €97,984 to €90,953
- Staff costs +€11,548
up €11,548 (+30.7%), from €37,568 to €49,116
- Gross operating margin +€7,613
up €7,613 (+9.3%), from €82,047 to €89,659
- Taxes -€6,266
down €6,266 (-70.6%), from €8,880 to €2,614
- Other operating charges +€4,215
up €4,215 (+56.1%), from €7,512 to €11,727
- Financial charges -€3,330
down €3,330 (-27.1%), from €12,280 to €8,951
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 | €296,482 | €340,443 | +€43,961 | +14.8% |
| Fixed assets | 21/28 | €26,869 | €82,052 | +€55,183 | +205.4% |
| Intangible fixed assets | 21 | €1,287 | €375 | -€912 | -70.8% |
| Tangible fixed assets | 22/27 | €25,332 | €21,427 | -€3,905 | -15.4% |
| Plant, machinery and equipment | 23 | €3,838 | €5,728 | +€1,890 | +49.2% |
| Furniture and vehicles | 24 | €8,488 | €4,291 | -€4,198 | -49.4% |
| Other tangible fixed assets | 26 | €13,005 | €11,408 | -€1,597 | -12.3% |
| Financial fixed assets | 28 | €250 | €60,250 | +€60,000 | +24000.0% |
| Current assets | 29/58 | €269,613 | €258,391 | -€11,222 | -4.2% |
| Amounts receivable within one year | 40/41 | €257,086 | €243,640 | -€13,446 | -5.2% |
| Trade receivables | 40 | €246,980 | €240,253 | -€6,726 | -2.7% |
| Other amounts receivable | 41 | €10,106 | €3,386 | -€6,720 | -66.5% |
| Cash at bank and in hand | 54/58 | €81 | €1,194 | +€1,113 | +1371.8% |
| Deferred charges and accrued income | 490/1 | €12,446 | €13,557 | +€1,111 | +8.9% |
| Total equity and liabilities | 10/49 | €296,482 | €340,443 | +€43,961 | +14.8% |
| Equity | 10/15 | €117,984 | €110,953 | -€7,031 | -6.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €97,984 | €90,953 | -€7,031 | -7.2% |
| Distributable reserves | 133 | €97,984 | €90,953 | -€7,031 | -7.2% |
| Amounts payable | 17/49 | €178,498 | €229,490 | +€50,992 | +28.6% |
| Amounts payable after more than one year | 17 | €82,791 | €75,000 | -€7,791 | -9.4% |
| Financial debts | 170/4 | €82,791 | €75,000 | -€7,791 | -9.4% |
| Amounts payable within one year | 42/48 | €91,047 | €149,265 | +€58,218 | +63.9% |
| Current portion of amounts payable after more than one year | 42 | €11,360 | €7,791 | -€3,569 | -31.4% |
| Financial debts | 43 | €53,538 | €44,513 | -€9,025 | -16.9% |
| Credit institutions | 430/8 | €53,538 | €44,513 | -€9,025 | -16.9% |
| Trade debts | 44 | €10,483 | €62,739 | +€52,257 | +498.5% |
| Suppliers | 440/4 | €10,483 | €62,739 | +€52,257 | +498.5% |
| Taxes, remuneration and social security | 45 | €15,666 | €15,713 | +€47 | +0.3% |
| Taxes | 450/3 | €10,218 | €15,713 | +€5,494 | +53.8% |
| Remuneration and social security | 454/9 | €5,448 | - | -€5,448 | |
| Other amounts payable | 47/48 | - | €18,509 | +€18,509 | |
| Accrued charges and deferred income | 492/3 | €4,660 | €5,225 | +€565 | +12.1% |
| Remuneration, social security and pensions | 62 | €37,568 | €49,116 | +€11,548 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,862 | €9,953 | +€91 | +0.9% |
| Other operating charges | 640/8 | €7,512 | €11,727 | +€4,215 | +56.1% |
| Gross operating margin | 9900 | €82,047 | €89,659 | +€7,613 | +9.3% |
| Operating profit (loss) | 9901 | €27,104 | €18,863 | -€8,241 | -30.4% |
| Financial income | 75/76B | €2,461 | €671 | -€1,791 | -72.8% |
| Recurring financial income | 75 | €2,461 | €671 | -€1,791 | -72.8% |
| Financial charges | 65/66B | €12,280 | €8,951 | -€3,330 | -27.1% |
| Recurring financial charges | 65 | €12,280 | €8,951 | -€3,330 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €17,285 | €10,583 | -€6,702 | -38.8% |
| Income taxes | 67/77 | €8,880 | €2,614 | -€6,266 | -70.6% |
| Profit (loss) for the period | 9904 | €8,405 | €7,969 | -€436 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,405 | €7,969 | -€436 | -5.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.