CF Belgium: 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.
CF Belgium
Largest movements
- Receivables within one year +€88,140
up €88,140 (+55.1%), from €160,085 to €248,225
of which Other amounts receivable: +€88,140
- Financial fixed assets -€57,702
down €57,702 (-18.2%), from €317,389 to €259,687
- Cash +€14,801
up €14,801 (+189%), from €7,826 to €22,627
mainly Investment in fixed assets (net) (+€57,702) and Other debts (+€50,000)
- Other debts +€50,000
new in 2025: €50,000
- Profit (loss) carried forward -€10,979
down €10,979 (-2.4%), from €462,339 to €451,360
- Tax, wage and social debts +€6,939
up €6,939 (+4,106%), from €169 to €7,108
- Financial income +€51,331
up €51,331 (+7,126%), from €720 to €52,051
- Gross operating margin -€20,990
down €20,990, from €14,945 to -€6,045
- Other operating charges -€15,000
no longer reported in 2025 (was €15,000)
- Taxes +€6,826
up €6,826 (+6,023%), from €113 to €6,939
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.
Derived cash bridge
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 | €525,758 | €571,718 | +€45,960 | +8.7% |
| Fixed assets | 21/28 | €317,389 | €259,687 | -€57,702 | -18.2% |
| Financial fixed assets | 28 | €317,389 | €259,687 | -€57,702 | -18.2% |
| Current assets | 29/58 | €208,369 | €312,031 | +€103,662 | +49.7% |
| Amounts receivable within one year | 40/41 | €160,085 | €248,225 | +€88,140 | +55.1% |
| Trade receivables | 40 | €110,000 | €110,000 | = | 0.0% |
| Other amounts receivable | 41 | €50,085 | €138,225 | +€88,140 | +176% |
| Current investments | 50/53 | €36,016 | €36,016 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,826 | €22,627 | +€14,801 | +189% |
| Deferred charges and accrued income | 490/1 | €4,442 | €5,162 | +€720 | +16.2% |
| Total equity and liabilities | 10/49 | €525,758 | €571,718 | +€45,960 | +8.7% |
| Equity | 10/15 | €525,589 | €514,610 | -€10,979 | -2.1% |
| Contributions | 10/11 | €57,500 | €57,500 | = | 0.0% |
| Reserves | 13 | €5,750 | €5,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,750 | €5,750 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,750 | €5,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €462,339 | €451,360 | -€10,979 | -2.4% |
| Amounts payable | 17/49 | €169 | €57,108 | +€56,939 | +33,690% |
| Amounts payable within one year | 42/48 | €169 | €57,108 | +€56,939 | +33,690% |
| Taxes, remuneration and social security | 45 | €169 | €7,108 | +€6,939 | +4,106% |
| Taxes | 450/3 | €169 | €7,108 | +€6,939 | +4,106% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Other operating charges | 640/8 | €15,000 | - | -€15,000 | |
| Gross operating margin | 9900 | €14,945 | -€6,045 | -€20,990 | |
| Operating profit (loss) | 9901 | -€55 | -€6,045 | -€5,990 | -10,874% |
| Financial income | 75/76B | €720 | €52,051 | +€51,331 | +7,126% |
| Recurring financial income | 75 | €720 | €52,051 | +€51,331 | +7,126% |
| Financial charges | 65/66B | €45 | €45 | +€0 | +1.0% |
| Recurring financial charges | 65 | €45 | €45 | +€0 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €620 | €45,960 | +€45,340 | +7,310% |
| Income taxes | 67/77 | €113 | €6,939 | +€6,826 | +6,023% |
| Profit (loss) for the period | 9904 | €507 | €39,021 | +€38,514 | +7,598% |
| Profit (loss) for the period to be appropriated | 9905 | €507 | €39,021 | +€38,514 | +7,598% |
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 31 October 2026 via checked.be.