CENDAFF: 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.
CENDAFF
Largest movements
- Receivables within one year -€23,047
down €23,047 (-97.0%), from €23,770 to €723
of which Trade receivables: -€23,770
- Cash -€1,440
down €1,440 (-71.0%), from €2,029 to €589
mainly Trade debts (-€22,331) and Net result for the year (-€5,625)
- Tangible fixed assets -€1,347
down €1,347 (-33.8%), from €3,981 to €2,634
of which Other tangible fixed assets: -€1,152
- Financial fixed assets +€620
new in 2025: €620
- Trade debts -€22,331
down €22,331 (-95.4%), from €23,399 to €1,068
- Profit (loss) carried forward -€5,625
down €5,625 (-78.3%), from -€7,181 to -€12,807
- Other debts +€3,600
up €3,600 (+120.6%), from €2,985 to €6,585
- Accrued charges and deferred income -€735
down €735 (-100.0%), from €735 to €0
- Gross operating margin -€1,412
down €1,412 (-75.5%), from -€1,869 to -€3,280
- Depreciation -€699
down €699 (-34.2%), from €2,045 to €1,347
- Financial charges -€227
down €227 (-34.1%), from €666 to €439
- Other operating charges +€172
up €172 (+44.5%), from €387 to €560
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 | €30,097 | €4,887 | -€25,210 | -83.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €3,981 | €3,254 | -€727 | -18.3% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €3,981 | €2,634 | -€1,347 | -33.8% |
| Furniture and vehicles | 24 | €195 | €0 | -€195 | -100.0% |
| Other tangible fixed assets | 26 | €3,786 | €2,634 | -€1,152 | -30.4% |
| Financial fixed assets | 28 | - | €620 | +€620 | |
| Current assets | 29/58 | €26,116 | €1,633 | -€24,483 | -93.7% |
| Amounts receivable within one year | 40/41 | €23,770 | €723 | -€23,047 | -97.0% |
| Trade receivables | 40 | €23,770 | €0 | -€23,770 | -100.0% |
| Other amounts receivable | 41 | - | €723 | +€723 | |
| Cash at bank and in hand | 54/58 | €2,029 | €589 | -€1,440 | -71.0% |
| Deferred charges and accrued income | 490/1 | €317 | €321 | +€4 | +1.3% |
| Total equity and liabilities | 10/49 | €30,097 | €4,887 | -€25,210 | -83.8% |
| Equity | 10/15 | €879 | -€4,747 | -€5,625 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,181 | -€12,807 | -€5,625 | -78.3% |
| Amounts payable | 17/49 | €29,218 | €9,634 | -€19,584 | -67.0% |
| Amounts payable within one year | 42/48 | €28,483 | €9,634 | -€18,849 | -66.2% |
| Trade debts | 44 | €23,399 | €1,068 | -€22,331 | -95.4% |
| Suppliers | 440/4 | €23,399 | €1,068 | -€22,331 | -95.4% |
| Taxes, remuneration and social security | 45 | €2,099 | €1,981 | -€118 | -5.6% |
| Taxes | 450/3 | €2,099 | €1,981 | -€118 | -5.6% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €2,985 | €6,585 | +€3,600 | +120.6% |
| Accrued charges and deferred income | 492/3 | €735 | €0 | -€735 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,045 | €1,347 | -€699 | -34.2% |
| Other operating charges | 640/8 | €387 | €560 | +€172 | +44.5% |
| Gross operating margin | 9900 | -€1,869 | -€3,280 | -€1,412 | -75.5% |
| Operating profit (loss) | 9901 | -€4,301 | -€5,187 | -€885 | -20.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €666 | €439 | -€227 | -34.1% |
| Recurring financial charges | 65 | €666 | €439 | -€227 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,967 | -€5,625 | -€658 | -13.3% |
| Profit (loss) for the period | 9904 | -€4,967 | -€5,625 | -€658 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,967 | -€5,625 | -€658 | -13.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.