CERFVOLANT: 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.
CERFVOLANT
Largest movements
- Cash +€17,864
up €17,864 (+799.3%), from €2,235 to €20,099
mainly Net result for the year (+€9,116) and Current portion of long-term debt (+€8,741)
- Tangible fixed assets -€7,521
down €7,521 (-43.7%), from €17,202 to €9,681
- Deferred charges and accrued income +€846
new in 2025: €846
- Debts after one year -€12,440
down €12,440 (-44.5%), from €27,969 to €15,528
of which Other amounts payable: -€12,672
- Profit (loss) carried forward +€9,116
up €9,116 (+22.9%), from -€39,808 to -€30,692
- Current portion of long-term debt +€8,741
up €8,741 (+110.2%), from €7,934 to €16,676
- Other debts +€5,700
up €5,700 (+231.4%), from €2,463 to €8,163
- Tax, wage and social debts +€3,404
up €3,404 (+93.7%), from €3,631 to €7,036
- Financial charges +€3,809
up €3,809 (+299.0%), from €1,274 to €5,082
- Staff costs +€3,550
up €3,550 (+71.9%), from €4,940 to €8,490
- Financial income +€3,479
up €3,479 (+552.6%), from €630 to €4,108
- Gross operating margin +€3,120
up €3,120 (+10.3%), from €30,324 to €33,444
- Other operating charges -€3,099
down €3,099 (-35.4%), from €8,743 to €5,644
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 | €26,495 | €37,389 | +€10,894 | +41.1% |
| Fixed assets | 21/28 | €22,568 | €15,048 | -€7,521 | -33.3% |
| Tangible fixed assets | 22/27 | €17,202 | €9,681 | -€7,521 | -43.7% |
| Furniture and vehicles | 24 | €17,202 | €9,681 | -€7,521 | -43.7% |
| Financial fixed assets | 28 | €5,367 | €5,367 | = | 0.0% |
| Current assets | 29/58 | €3,927 | €22,342 | +€18,415 | +469.0% |
| Stocks and contracts in progress | 3 | €1,692 | €1,397 | -€295 | -17.4% |
| Stocks | 30/36 | €1,692 | €1,397 | -€295 | -17.4% |
| Cash at bank and in hand | 54/58 | €2,235 | €20,099 | +€17,864 | +799.3% |
| Deferred charges and accrued income | 490/1 | - | €846 | +€846 | |
| Total equity and liabilities | 10/49 | €26,495 | €37,389 | +€10,894 | +41.1% |
| Equity | 10/15 | -€21,208 | -€12,092 | +€9,116 | +43.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,808 | -€30,692 | +€9,116 | +22.9% |
| Amounts payable | 17/49 | €47,703 | €49,481 | +€1,779 | +3.7% |
| Amounts payable after more than one year | 17 | €27,969 | €15,528 | -€12,440 | -44.5% |
| Financial debts | 170/4 | €15,296 | €15,528 | +€232 | +1.5% |
| Other amounts payable | 178/9 | €12,672 | - | -€12,672 | |
| Amounts payable within one year | 42/48 | €19,352 | €33,953 | +€14,602 | +75.5% |
| Current portion of amounts payable after more than one year | 42 | €7,934 | €16,676 | +€8,741 | +110.2% |
| Trade debts | 44 | €5,323 | €2,079 | -€3,243 | -60.9% |
| Suppliers | 440/4 | €5,323 | €2,079 | -€3,243 | -60.9% |
| Taxes, remuneration and social security | 45 | €3,631 | €7,036 | +€3,404 | +93.7% |
| Taxes | 450/3 | €3,631 | €7,036 | +€3,404 | +93.7% |
| Other amounts payable | 47/48 | €2,463 | €8,163 | +€5,700 | +231.4% |
| Accrued charges and deferred income | 492/3 | €383 | - | -€383 | |
| Remuneration, social security and pensions | 62 | €4,940 | €8,490 | +€3,550 | +71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,964 | €7,521 | -€443 | -5.6% |
| Other operating charges | 640/8 | €8,743 | €5,644 | -€3,099 | -35.4% |
| Gross operating margin | 9900 | €30,324 | €33,444 | +€3,120 | +10.3% |
| Operating profit (loss) | 9901 | €8,678 | €11,790 | +€3,112 | +35.9% |
| Financial income | 75/76B | €630 | €4,108 | +€3,479 | +552.6% |
| Recurring financial income | 75 | €630 | €4,108 | +€3,479 | +552.6% |
| Financial charges | 65/66B | €1,274 | €5,082 | +€3,809 | +299.0% |
| Recurring financial charges | 65 | €1,274 | €5,082 | +€3,809 | +299.0% |
| Profit (loss) for the period before taxes | 9903 | €8,033 | €10,816 | +€2,782 | +34.6% |
| Income taxes | 67/77 | €1,222 | €1,700 | +€478 | +39.1% |
| Profit (loss) for the period | 9904 | €6,811 | €9,116 | +€2,305 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,811 | €9,116 | +€2,305 | +33.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.