CEFALY Technology: 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.
What changed
CEFALY Technology
NACE 26.600, Manufacture of computer, electronic and optical products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€6.3m
2023 · -€2.6m-€3.7m
Equity
-€14.4m
2023 · -€8.1m-€6.3m
Cash
€504,105
2023 · €196,584+€307,521
Balance sheet total
€6.9m
2023 · €6.8m+€116,386
Largest movements
Assets
- Financial fixed assets -€3.4m
down €3.4m (-99.8%), from €3.4m to €7,210
of which Affiliated companies: -€3.4m
- Receivables within one year +€3.2m
up €3.2m (+317.2%), from €1.0m to €4.3m
of which Other amounts receivable: +€3.2m
- Intangible fixed assets +€437,044
up €437,044 (+36.2%), from €1.2m to €1.6m
- Cash +€307,521
up €307,521 (+156.4%), from €196,584 to €504,105
mainly Debts after one year (+€3.1m) and Investment in fixed assets (net) (+€2.2m)
- Stocks and contracts -€206,656
down €206,656 (-45.6%), from €453,684 to €247,028
Equity and liabilities
- Profit (loss) carried forward -€6.3m
down €6.3m (-35.0%), from -€18.0m to -€24.3m
- Debts after one year +€3.1m
up €3.1m (+30.1%), from €10.3m to €13.4m
of which Financial debts: +€3.1m
- Other debts +€2.1m
up €2.1m (+111.6%), from €1.9m to €4.0m
- Trade debts +€898,403
up €898,403 (+50.6%), from €1.8m to €2.7m
- Tax, wage and social debts +€793,354
up €793,354 (+484.7%), from €163,678 to €957,032
of which Taxes: +€728,797
Income statement
- Financial charges +€1.3m
up €1.3m (+124.0%), from €1.1m to €2.4m
- Services and other goods +€1.1m
up €1.1m (+9.2%), from €11.8m to €12.9m
- Taxes +€885,695
new in 2024: €885,695
of which Taxes: +€882,108
- Other operating charges +€521,350
up €521,350 (+2228.6%), from €23,394 to €544,744
- Provisions -€471,355
down €471,355, from €0 to -€471,355
From the 2023 result to the 2024 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.
Result 2023
-€2.6m
Turnover
+€416,645
Goods and materials
-€324,685
Services and other goods
-€1.1m
Staff costs
-€48,763
Depreciation
-€36,383
Write-downs
+€100,952
Provisions
+€471,355
Other operating charges
-€521,350
Other operating items
-€90,564
Financial income
-€324,679
Financial charges
-€1.3m
Taxes
-€885,695
Result 2024
-€6.3m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€5.0m
Investment
+€2.2m
Financing
+€3.1m
Cash 2023
€196,584
From operations (derived)
-€5.0m
Net result for the year
-€6.3m
Depreciation
+€817,773
Receivables after one year
+€166,562
Stocks and contracts
+€206,656
Receivables within one year
-€3.2m
Deferred charges and accrued income
+€61,968
Provisions
-€484,141
Trade debts
+€898,403
Tax, wage and social debts
+€793,354
Advances received
-€40,932
Other debts
+€2.1m
Accrued charges and deferred income
+€5,445
Investment (derived)
+€2.2m
Investment in fixed assets (net)
+€2.2m
Financing
+€3.1m
Debts after one year
+€3.1m
Current portion of long-term debt
-€12,145
Short-term financial debts
+€33,920
Cash 2024
€504,105
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,825,129 | €6,941,515 | +€116,386 | +1.7% |
| Fixed assets | 21/28 | €4,652,444 | €1,650,875 | -€3.0m | -64.5% |
| Intangible fixed assets | 21 | €1,206,621 | €1,643,665 | +€437,044 | +36.2% |
| Tangible fixed assets | 22/27 | €1,842 | €0 | -€1,842 | -100.0% |
| Plant, machinery and equipment | 23 | €728 | €0 | -€728 | -100.0% |
| Furniture and vehicles | 24 | €1,114 | €0 | -€1,114 | -100.0% |
| Financial fixed assets | 28 | €3,443,981 | €7,210 | -€3.4m | -99.8% |
| Affiliated companies | 280/1 | €3,437,879 | €124 | -€3.4m | -100.0% |
| Participating interests | 280 | €124 | €124 | = | 0.0% |
| Amounts receivable | 281 | €3,437,755 | €0 | -€3.4m | -100.0% |
| Other financial fixed assets | 284/8 | €6,103 | €7,086 | +€983 | +16.1% |
| Amounts receivable and cash guarantees | 285/8 | €6,103 | €7,086 | +€983 | +16.1% |
| Current assets | 29/58 | €2,172,685 | €5,290,640 | +€3.1m | +143.5% |
| Amounts receivable after more than one year | 29 | €166,562 | €0 | -€166,562 | -100.0% |
| Other amounts receivable | 291 | €166,562 | €0 | -€166,562 | -100.0% |
| Stocks and contracts in progress | 3 | €453,684 | €247,028 | -€206,656 | -45.6% |
| Stocks | 30/36 | €453,684 | €247,028 | -€206,656 | -45.6% |
| Goods purchased for resale | 34 | €453,684 | €247,028 | -€206,656 | -45.6% |
| Amounts receivable within one year | 40/41 | €1,023,265 | €4,268,885 | +€3.2m | +317.2% |
| Trade receivables | 40 | €523,174 | €585,497 | +€62,322 | +11.9% |
| Other amounts receivable | 41 | €500,091 | €3,683,389 | +€3.2m | +636.5% |
| Cash at bank and in hand | 54/58 | €196,584 | €504,105 | +€307,521 | +156.4% |
| Deferred charges and accrued income | 490/1 | €332,590 | €270,622 | -€61,968 | -18.6% |
| Total equity and liabilities | 10/49 | €6,825,129 | €6,941,515 | +€116,386 | +1.7% |
| Equity | 10/15 | -€8,110,148 | -€14,400,405 | -€6.3m | -77.6% |
| Contributions | 10/11 | €7,333,270 | €7,333,270 | = | 0.0% |
| Reserves | 13 | €2,546,981 | €2,546,981 | = | 0.0% |
| Distributable reserves | 133 | €2,546,981 | €2,546,981 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,990,417 | -€24,280,674 | -€6.3m | -35.0% |
| Investment grants | 15 | €18 | €18 | = | 0.0% |
| Provisions and deferred taxes | 16 | €649,141 | €165,000 | -€484,141 | -74.6% |
| Provisions for liabilities and charges | 160/5 | €649,141 | €165,000 | -€484,141 | -74.6% |
| Taxes | 161 | €12,787 | €0 | -€12,787 | -100.0% |
| Other liabilities and charges | 164/5 | €636,355 | €165,000 | -€471,355 | -74.1% |
| Amounts payable | 17/49 | €14,286,136 | €21,176,921 | +€6.9m | +48.2% |
| Amounts payable after more than one year | 17 | €10,272,970 | €13,365,842 | +€3.1m | +30.1% |
| Financial debts | 170/4 | €10,196,202 | €13,311,066 | +€3.1m | +30.5% |
| Other loans | 174 | €10,196,202 | €13,311,066 | +€3.1m | +30.5% |
| Other amounts payable | 178/9 | €76,767 | €54,777 | -€21,991 | -28.6% |
| Amounts payable within one year | 42/48 | €3,959,363 | €7,751,831 | +€3.8m | +95.8% |
| Current portion of amounts payable after more than one year | 42 | €68,272 | €56,126 | -€12,145 | -17.8% |
| Financial debts | 43 | €7,807 | €41,727 | +€33,920 | +434.5% |
| Credit institutions | 430/8 | €7,807 | €41,727 | +€33,920 | +434.5% |
| Trade debts | 44 | €1,773,999 | €2,672,402 | +€898,403 | +50.6% |
| Suppliers | 440/4 | €1,773,999 | €2,672,402 | +€898,403 | +50.6% |
| Advances received on contracts in progress | 46 | €46,771 | €5,839 | -€40,932 | -87.5% |
| Taxes, remuneration and social security | 45 | €163,678 | €957,032 | +€793,354 | +484.7% |
| Taxes | 450/3 | €112,518 | €841,315 | +€728,797 | +647.7% |
| Remuneration and social security | 454/9 | €51,160 | €115,717 | +€64,557 | +126.2% |
| Other amounts payable | 47/48 | €1,898,836 | €4,018,705 | +€2.1m | +111.6% |
| Accrued charges and deferred income | 492/3 | €53,803 | €59,248 | +€5,445 | +10.1% |
| Operating income | 70/76A | €13,757,926 | €14,276,557 | +€518,631 | +3.8% |
| Turnover | 70 | €13,757,926 | €14,174,572 | +€416,645 | +3.0% |
| Non-recurring operating income | 76A | - | €101,985 | +€101,985 | |
| Operating charges | 60/66A | €15,647,597 | €17,284,172 | +€1.6m | +10.5% |
| Goods for resale, raw materials and consumables | 60 | €2,509,524 | €2,834,209 | +€324,685 | +12.9% |
| Purchases | 600/8 | €2,666,267 | €2,627,552 | -€38,715 | -1.5% |
| Change in stocks: decrease (increase) | 609 | -€156,743 | €206,656 | +€363,400 | |
| Services and other goods | 61 | €11,813,053 | €12,898,204 | +€1.1m | +9.2% |
| Remuneration, social security and pensions | 62 | €419,285 | €468,047 | +€48,763 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €781,390 | €817,773 | +€36,383 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €100,952 | €0 | -€100,952 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | -€471,355 | -€471,355 | |
| Other operating charges | 640/8 | €23,394 | €544,744 | +€521,350 | +2228.6% |
| Non-recurring operating charges | 66A | €0 | €192,550 | +€192,550 | |
| Operating profit (loss) | 9901 | -€1,889,671 | -€3,007,615 | -€1.1m | -59.2% |
| Financial income | 75/76B | €324,679 | €0 | -€324,679 | -100.0% |
| Recurring financial income | 75 | €324,679 | €0 | -€324,679 | -100.0% |
| Income from financial fixed assets | 750 | €83,656 | €0 | -€83,656 | -100.0% |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €241,023 | €0 | -€241,023 | -100.0% |
| Financial charges | 65/66B | €1,069,848 | €2,396,948 | +€1.3m | +124.0% |
| Recurring financial charges | 65 | €1,069,848 | €2,396,948 | +€1.3m | +124.0% |
| Debt charges | 650 | €1,014,615 | €1,294,694 | +€280,079 | +27.6% |
| Other financial charges | 652/9 | €55,233 | €1,102,254 | +€1.0m | +1895.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,634,840 | -€5,404,563 | -€2.8m | -105.1% |
| Income taxes | 67/77 | - | €885,695 | +€885,695 | |
| Taxes | 670/3 | €16,373 | €898,481 | +€882,108 | +5387.7% |
| Tax adjustments and reversals of tax provisions | 77 | €16,373 | €12,787 | -€3,586 | -21.9% |
| Profit (loss) for the period | 9904 | -€2,634,840 | -€6,290,257 | -€3.7m | -138.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,634,840 | -€6,290,257 | -€3.7m | -138.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.