CF COMPANY: 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 COMPANY
Largest movements
- Cash +€44,329
up €44,329 (+29.4%), from €150,559 to €194,888
mainly Other debts (+€64,959) and Net result for the year (+€51,310)
- Receivables within one year -€10,922
down €10,922 (-27.8%), from €39,285 to €28,363
of which Trade receivables: -€10,896
- Tangible fixed assets -€6,270
down €6,270 (-3.2%), from €198,604 to €192,334
of which Furniture and vehicles: -€14,529
- Other debts +€64,959
up €64,959 (+1,676%), from €3,876 to €68,835
- Reserves -€18,540
down €18,540 (-4.9%), from €375,973 to €357,433
- Trade debts -€10,762
down €10,762 (-81.2%), from €13,255 to €2,493
- Tax, wage and social debts -€8,020
down €8,020 (-33.8%), from €23,702 to €15,682
of which Taxes: -€8,185
- Current portion of long-term debt -€4,982
no longer reported in 2025 (was €4,982)
- Gross operating margin -€20,925
down €20,925 (-15.4%), from €136,122 to €115,196
- Taxes -€8,140
down €8,140 (-28.0%), from €29,061 to €20,921
- Financial charges +€4,251
up €4,251 (+414%), from €1,027 to €5,278
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 | €440,338 | €467,525 | +€27,187 | +6.2% |
| Fixed assets | 21/28 | €198,604 | €192,334 | -€6,270 | -3.2% |
| Tangible fixed assets | 22/27 | €198,604 | €192,334 | -€6,270 | -3.2% |
| Land and buildings | 22 | €172,610 | €164,270 | -€8,340 | -4.8% |
| Plant, machinery and equipment | 23 | €670 | €394 | -€277 | -41.3% |
| Furniture and vehicles | 24 | €20,812 | €6,284 | -€14,529 | -69.8% |
| Other tangible fixed assets | 26 | €4,510 | €21,386 | +€16,876 | +374% |
| Current assets | 29/58 | €241,735 | €275,191 | +€33,457 | +13.8% |
| Amounts receivable within one year | 40/41 | €39,285 | €28,363 | -€10,922 | -27.8% |
| Trade receivables | 40 | €39,136 | €28,240 | -€10,896 | -27.8% |
| Other amounts receivable | 41 | €148 | €123 | -€25 | -17.1% |
| Current investments | 50/53 | €49,261 | €49,261 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €150,559 | €194,888 | +€44,329 | +29.4% |
| Deferred charges and accrued income | 490/1 | €2,630 | €2,679 | +€49 | +1.9% |
| Total equity and liabilities | 10/49 | €440,338 | €467,525 | +€27,187 | +6.2% |
| Equity | 10/15 | €394,523 | €375,983 | -€18,540 | -4.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €375,973 | €357,433 | -€18,540 | -4.9% |
| Distributable reserves | 133 | €375,973 | €357,433 | -€18,540 | -4.9% |
| Amounts payable | 17/49 | €45,816 | €91,542 | +€45,727 | +99.8% |
| Amounts payable within one year | 42/48 | €45,816 | €87,010 | +€41,194 | +89.9% |
| Current portion of amounts payable after more than one year | 42 | €4,982 | - | -€4,982 | |
| Trade debts | 44 | €13,255 | €2,493 | -€10,762 | -81.2% |
| Suppliers | 440/4 | €13,255 | €2,493 | -€10,762 | -81.2% |
| Taxes, remuneration and social security | 45 | €23,702 | €15,682 | -€8,020 | -33.8% |
| Taxes | 450/3 | €21,627 | €13,442 | -€8,185 | -37.8% |
| Remuneration and social security | 454/9 | €2,075 | €2,240 | +€165 | +7.9% |
| Other amounts payable | 47/48 | €3,876 | €68,835 | +€64,959 | +1,676% |
| Accrued charges and deferred income | 492/3 | - | €4,532 | +€4,532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,323 | €34,411 | +€1,088 | +3.3% |
| Other operating charges | 640/8 | €2,813 | €2,818 | +€5 | +0.2% |
| Non-recurring operating charges | 66A | - | €2,191 | +€2,191 | |
| Gross operating margin | 9900 | €136,122 | €115,196 | -€20,925 | -15.4% |
| Operating profit (loss) | 9901 | €99,986 | €75,776 | -€24,209 | -24.2% |
| Financial income | 75/76B | €1,554 | €1,734 | +€180 | +11.6% |
| Recurring financial income | 75 | €1,554 | €1,734 | +€180 | +11.6% |
| Financial charges | 65/66B | €1,027 | €5,278 | +€4,251 | +414% |
| Recurring financial charges | 65 | €1,027 | €5,278 | +€4,251 | +414% |
| Profit (loss) for the period before taxes | 9903 | €100,513 | €72,232 | -€28,281 | -28.1% |
| Income taxes | 67/77 | €29,061 | €20,921 | -€8,140 | -28.0% |
| Profit (loss) for the period | 9904 | €71,452 | €51,310 | -€20,141 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,452 | €51,310 | -€20,141 | -28.2% |
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 24 October 2026 via checked.be.