CAFTEC: 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.
CAFTEC
Largest movements
- Stocks and contracts +€23,303
up €23,303 (+22.0%), from €105,698 to €129,001
- Cash -€8,698
down €8,698 (-7.1%), from €121,885 to €113,187
mainly Contributions, distributions and other (-€34,274) and Stocks and contracts (-€23,303)
- Tangible fixed assets -€4,751
down €4,751 (-33.9%), from €14,020 to €9,269
of which Furniture and vehicles: -€3,456
- Receivables within one year -€3,560
down €3,560 (-4.1%), from €86,755 to €83,195
of which Trade receivables: -€6,723
- Trade debts +€10,855
new in 2025: €10,855
- Reserves -€4,155
down €4,155 (-1.4%), from €307,114 to €302,959
of which Distributable reserves: -€4,155
- Other operating charges -€3,938
down €3,938 (-89.6%), from €4,395 to €457
- Depreciation -€3,190
down €3,190 (-40.2%), from €7,941 to €4,751
- Staff costs +€1,589
up €1,589 (+2.6%), from €60,582 to €62,171
- Gross operating margin -€1,282
down €1,282 (-1.1%), from €113,676 to €112,394
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 | €328,358 | €334,652 | +€6,294 | +1.9% |
| Fixed assets | 21/28 | €14,020 | €9,269 | -€4,751 | -33.9% |
| Tangible fixed assets | 22/27 | €14,020 | €9,269 | -€4,751 | -33.9% |
| Land and buildings | 22 | €2,760 | €2,374 | -€386 | -14.0% |
| Plant, machinery and equipment | 23 | €2,179 | €1,270 | -€909 | -41.7% |
| Furniture and vehicles | 24 | €9,081 | €5,625 | -€3,456 | -38.1% |
| Current assets | 29/58 | €314,338 | €325,383 | +€11,045 | +3.5% |
| Stocks and contracts in progress | 3 | €105,698 | €129,001 | +€23,303 | +22.0% |
| Stocks | 30/36 | €105,698 | €129,001 | +€23,303 | +22.0% |
| Amounts receivable within one year | 40/41 | €86,755 | €83,195 | -€3,560 | -4.1% |
| Trade receivables | 40 | €81,799 | €75,076 | -€6,723 | -8.2% |
| Other amounts receivable | 41 | €4,956 | €8,119 | +€3,163 | +63.8% |
| Cash at bank and in hand | 54/58 | €121,885 | €113,187 | -€8,698 | -7.1% |
| Total equity and liabilities | 10/49 | €328,358 | €334,652 | +€6,294 | +1.9% |
| Equity | 10/15 | €313,314 | €309,159 | -€4,155 | -1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €307,114 | €302,959 | -€4,155 | -1.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €305,254 | €301,099 | -€4,155 | -1.4% |
| Amounts payable | 17/49 | €15,044 | €25,493 | +€10,449 | +69.5% |
| Amounts payable within one year | 42/48 | €15,044 | €25,493 | +€10,449 | +69.5% |
| Trade debts | 44 | - | €10,855 | +€10,855 | |
| Suppliers | 440/4 | - | €10,855 | +€10,855 | |
| Taxes, remuneration and social security | 45 | €15,044 | €14,638 | -€406 | -2.7% |
| Taxes | 450/3 | €12,025 | €12,055 | +€30 | +0.2% |
| Remuneration and social security | 454/9 | €3,019 | €2,583 | -€436 | -14.4% |
| Non-recurring operating income | 76A | - | €360 | +€360 | |
| Remuneration, social security and pensions | 62 | €60,582 | €62,171 | +€1,589 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,941 | €4,751 | -€3,190 | -40.2% |
| Other operating charges | 640/8 | €4,395 | €457 | -€3,938 | -89.6% |
| Gross operating margin | 9900 | €113,676 | €112,394 | -€1,282 | -1.1% |
| Operating profit (loss) | 9901 | €40,758 | €45,015 | +€4,257 | +10.4% |
| Financial income | 75/76B | €8 | €4 | -€4 | -50.0% |
| Recurring financial income | 75 | €8 | €4 | -€4 | -50.0% |
| Financial charges | 65/66B | €1,220 | €1,489 | +€269 | +22.0% |
| Recurring financial charges | 65 | €1,220 | €1,489 | +€269 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €39,546 | €43,530 | +€3,984 | +10.1% |
| Income taxes | 67/77 | €13,127 | €13,411 | +€284 | +2.2% |
| Profit (loss) for the period | 9904 | €26,419 | €30,119 | +€3,700 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,419 | €30,119 | +€3,700 | +14.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.