CEFIX: 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.
CEFIX
Largest movements
- Receivables within one year -€13,237
down €13,237 (-20.3%), from €65,346 to €52,109
of which Trade receivables: -€8,731
- Stocks and contracts -€4,000
down €4,000 (-47.1%), from €8,500 to €4,500
- Trade debts -€13,516
down €13,516 (-46.0%), from €29,368 to €15,852
- Tax, wage and social debts -€3,774
down €3,774 (-21.5%), from €17,564 to €13,791
of which Taxes: -€4,224
- Staff costs +€1,988
up €1,988 (+3.5%), from €57,240 to €59,228
- Gross operating margin +€1,814
up €1,814 (+3.0%), from €61,311 to €63,125
- Taxes +€688
up €688 (+28.0%), from €2,458 to €3,146
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 | €80,188 | €63,051 | -€17,137 | -21.4% |
| Current assets | 29/58 | €80,188 | €63,051 | -€17,137 | -21.4% |
| Stocks and contracts in progress | 3 | €8,500 | €4,500 | -€4,000 | -47.1% |
| Contracts in progress | 37 | €8,500 | €4,500 | -€4,000 | -47.1% |
| Amounts receivable within one year | 40/41 | €65,346 | €52,109 | -€13,237 | -20.3% |
| Trade receivables | 40 | €43,925 | €35,194 | -€8,731 | -19.9% |
| Other amounts receivable | 41 | €21,420 | €16,915 | -€4,506 | -21.0% |
| Cash at bank and in hand | 54/58 | €6,342 | €6,442 | +€100 | +1.6% |
| Total equity and liabilities | 10/49 | €80,188 | €63,051 | -€17,137 | -21.4% |
| Equity | 10/15 | €33,256 | €33,408 | +€153 | +0.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €28,002 | €28,002 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,400 | €1,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,400 | €1,400 | = | 0.0% |
| Distributable reserves | 133 | €26,602 | €26,602 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,746 | -€14,594 | +€153 | +1.0% |
| Amounts payable | 17/49 | €46,932 | €29,643 | -€17,289 | -36.8% |
| Amounts payable within one year | 42/48 | €46,932 | €29,643 | -€17,289 | -36.8% |
| Trade debts | 44 | €29,368 | €15,852 | -€13,516 | -46.0% |
| Suppliers | 440/4 | €29,368 | €15,852 | -€13,516 | -46.0% |
| Taxes, remuneration and social security | 45 | €17,564 | €13,791 | -€3,774 | -21.5% |
| Taxes | 450/3 | €5,005 | €781 | -€4,224 | -84.4% |
| Remuneration and social security | 454/9 | €12,559 | €13,010 | +€451 | +3.6% |
| Remuneration, social security and pensions | 62 | €57,240 | €59,228 | +€1,988 | +3.5% |
| Other operating charges | 640/8 | €525 | €531 | +€7 | +1.2% |
| Gross operating margin | 9900 | €61,311 | €63,125 | +€1,814 | +3.0% |
| Operating profit (loss) | 9901 | €3,546 | €3,365 | -€181 | -5.1% |
| Financial charges | 65/66B | €172 | €67 | -€105 | -61.2% |
| Recurring financial charges | 65 | €172 | €67 | -€105 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €3,374 | €3,299 | -€76 | -2.2% |
| Income taxes | 67/77 | €2,458 | €3,146 | +€688 | +28.0% |
| Profit (loss) for the period | 9904 | €916 | €153 | -€764 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €916 | €153 | -€764 | -83.4% |
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 4 October 2026 via checked.be.