CF CONSULTING: 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.
CF CONSULTING
Largest movements
- Receivables within one year -€28,974
down €28,974 (-10.5%), from €275,426 to €246,453
of which Trade receivables: -€34,144
- Deferred charges and accrued income +€6,241
up €6,241 (+3594.4%), from €174 to €6,414
- Tangible fixed assets -€4,588
down €4,588 (-23.1%), from €19,828 to €15,240
of which Furniture and vehicles: -€3,465
- Trade debts -€54,246
down €54,246 (-38.0%), from €142,580 to €88,333
- Accrued charges and deferred income +€18,335
new in 2025: €18,335
- Current portion of long-term debt -€8,664
no longer reported in 2025 (was €8,664)
- Tax, wage and social debts +€7,777
up €7,777 (+24.8%), from €31,303 to €39,081
- Short-term financial debts +€7,275
up €7,275 (+41.4%), from €17,561 to €24,837
- Gross operating margin -€90,967
down €90,967 (-70.0%), from €129,891 to €38,924
- Depreciation -€13,918
down €13,918 (-65.2%), from €21,341 to €7,424
- Taxes -€13,402
down €13,402 (-51.3%), from €26,136 to €12,734
- Staff costs -€7,164
down €7,164 (-79.0%), from €9,074 to €1,910
- Financial charges -€6,979
down €6,979 (-43.9%), from €15,887 to €8,908
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 | €308,126 | €280,374 | -€27,752 | -9.0% |
| Formation expenses | 20 | €351 | €227 | -€125 | -35.5% |
| Fixed assets | 21/28 | €32,175 | €27,240 | -€4,935 | -15.3% |
| Intangible fixed assets | 21 | €347 | €0 | -€347 | -100.0% |
| Tangible fixed assets | 22/27 | €19,828 | €15,240 | -€4,588 | -23.1% |
| Plant, machinery and equipment | 23 | €7,041 | €5,917 | -€1,123 | -16.0% |
| Furniture and vehicles | 24 | €12,787 | €9,323 | -€3,465 | -27.1% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €275,600 | €252,908 | -€22,692 | -8.2% |
| Amounts receivable within one year | 40/41 | €275,426 | €246,453 | -€28,974 | -10.5% |
| Trade receivables | 40 | €263,584 | €229,440 | -€34,144 | -13.0% |
| Other amounts receivable | 41 | €11,843 | €17,013 | +€5,170 | +43.7% |
| Cash at bank and in hand | 54/58 | - | €41 | +€41 | |
| Deferred charges and accrued income | 490/1 | €174 | €6,414 | +€6,241 | +3594.4% |
| Total equity and liabilities | 10/49 | €308,126 | €280,374 | -€27,752 | -9.0% |
| Equity | 10/15 | €107,182 | €107,481 | +€299 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,722 | €87,021 | +€299 | +0.3% |
| Amounts payable | 17/49 | €200,944 | €172,893 | -€28,051 | -14.0% |
| Amounts payable after more than one year | 17 | €836 | - | -€836 | |
| Financial debts | 170/4 | €836 | - | -€836 | |
| Amounts payable within one year | 42/48 | €200,108 | €154,558 | -€45,550 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €8,664 | - | -€8,664 | |
| Financial debts | 43 | €17,561 | €24,837 | +€7,275 | +41.4% |
| Credit institutions | 430/8 | €17,561 | €24,837 | +€7,275 | +41.4% |
| Trade debts | 44 | €142,580 | €88,333 | -€54,246 | -38.0% |
| Suppliers | 440/4 | €142,580 | €88,333 | -€54,246 | -38.0% |
| Taxes, remuneration and social security | 45 | €31,303 | €39,081 | +€7,777 | +24.8% |
| Taxes | 450/3 | €31,303 | €39,081 | +€7,777 | +24.8% |
| Other amounts payable | 47/48 | - | €2,307 | +€2,307 | |
| Accrued charges and deferred income | 492/3 | - | €18,335 | +€18,335 | |
| Remuneration, social security and pensions | 62 | €9,074 | €1,910 | -€7,164 | -79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,341 | €7,424 | -€13,918 | -65.2% |
| Other operating charges | 640/8 | €8,615 | €5,187 | -€3,428 | -39.8% |
| Non-recurring operating charges | 66A | €6,023 | €2,471 | -€3,552 | -59.0% |
| Gross operating margin | 9900 | €129,891 | €38,924 | -€90,967 | -70.0% |
| Operating profit (loss) | 9901 | €84,837 | €21,932 | -€62,905 | -74.1% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €15,887 | €8,908 | -€6,979 | -43.9% |
| Recurring financial charges | 65 | €15,887 | €8,908 | -€6,979 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €68,950 | €13,033 | -€55,917 | -81.1% |
| Income taxes | 67/77 | €26,136 | €12,734 | -€13,402 | -51.3% |
| Profit (loss) for the period | 9904 | €42,814 | €299 | -€42,515 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,814 | €299 | -€42,515 | -99.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.