Cefira: 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.
Cefira
Largest movements
- Tangible fixed assets +€4,868
new in 2025: €4,868
- Cash -€1,095
down €1,095 (-8.8%), from €12,464 to €11,369
mainly Investment in fixed assets (net) (-€5,370) and Tax, wage and social debts (-€5,057)
- Receivables within one year +€865
up €865 (+2.3%), from €37,078 to €37,943
of which Other amounts receivable: +€2,695
- Deferred charges and accrued income +€663
new in 2025: €663
- Reserves +€15,361
up €15,361 (+53.1%), from €28,943 to €44,305
- Tax, wage and social debts -€5,057
down €5,057 (-53.8%), from €9,400 to €4,343
- Trade debts -€4,629
down €4,629 (-59.2%), from €7,823 to €3,195
- Gross operating margin -€19,886
down €19,886 (-46.3%), from €42,977 to €23,091
- Taxes -€6,649
down €6,649 (-61.0%), from €10,905 to €4,256
- Depreciation +€503
new in 2025: €503
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 | €49,542 | €54,842 | +€5,301 | +10.7% |
| Fixed assets | 21/28 | - | €4,868 | +€4,868 | |
| Tangible fixed assets | 22/27 | - | €4,868 | +€4,868 | |
| Furniture and vehicles | 24 | - | €4,868 | +€4,868 | |
| Current assets | 29/58 | €49,542 | €49,975 | +€433 | +0.9% |
| Amounts receivable within one year | 40/41 | €37,078 | €37,943 | +€865 | +2.3% |
| Trade receivables | 40 | €37,078 | €35,248 | -€1,829 | -4.9% |
| Other amounts receivable | 41 | - | €2,695 | +€2,695 | |
| Cash at bank and in hand | 54/58 | €12,464 | €11,369 | -€1,095 | -8.8% |
| Deferred charges and accrued income | 490/1 | - | €663 | +€663 | |
| Total equity and liabilities | 10/49 | €49,542 | €54,842 | +€5,301 | +10.7% |
| Equity | 10/15 | €31,943 | €47,305 | +€15,361 | +48.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,943 | €44,305 | +€15,361 | +53.1% |
| Distributable reserves | 133 | €28,943 | €44,305 | +€15,361 | +53.1% |
| Amounts payable | 17/49 | €17,598 | €7,538 | -€10,061 | -57.2% |
| Amounts payable within one year | 42/48 | €17,598 | €7,538 | -€10,061 | -57.2% |
| Trade debts | 44 | €7,823 | €3,195 | -€4,629 | -59.2% |
| Suppliers | 440/4 | €7,823 | €3,195 | -€4,629 | -59.2% |
| Taxes, remuneration and social security | 45 | €9,400 | €4,343 | -€5,057 | -53.8% |
| Taxes | 450/3 | €9,400 | €4,343 | -€5,057 | -53.8% |
| Other amounts payable | 47/48 | €375 | €0 | -€375 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €503 | +€503 | |
| Other operating charges | 640/8 | €1,402 | €1,367 | -€35 | -2.5% |
| Gross operating margin | 9900 | €42,977 | €23,091 | -€19,886 | -46.3% |
| Operating profit (loss) | 9901 | €41,575 | €21,221 | -€20,354 | -49.0% |
| Financial income | 75/76B | €0 | €40 | +€40 | +201100.0% |
| Recurring financial income | 75 | €0 | €40 | +€40 | +201100.0% |
| Financial charges | 65/66B | €1,727 | €1,644 | -€82 | -4.8% |
| Recurring financial charges | 65 | €1,727 | €1,644 | -€82 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €39,848 | €19,617 | -€20,231 | -50.8% |
| Income taxes | 67/77 | €10,905 | €4,256 | -€6,649 | -61.0% |
| Profit (loss) for the period | 9904 | €28,943 | €15,361 | -€13,582 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,943 | €15,361 | -€13,582 | -46.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.