CF Création: 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 Création
Largest movements
- Cash +€12,196
up €12,196 (+31.2%), from €39,092 to €51,288
mainly Depreciation (+€24,302) and Other debts (+€9,612)
- Tangible fixed assets -€8,063
down €8,063 (-6.4%), from €125,541 to €117,478
of which Furniture and vehicles: -€15,260
- Receivables within one year +€6,879
up €6,879 (+37.2%), from €18,479 to €25,358
of which Trade receivables: +€9,039
- Other debts +€9,612
up €9,612 (+408.1%), from €2,356 to €11,967
- Reserves -€5,728
down €5,728 (-7.1%), from €80,565 to €74,836
- Trade debts +€5,321
up €5,321 (+107.7%), from €4,942 to €10,263
- Tax, wage and social debts -€3,804
down €3,804 (-21.5%), from €17,722 to €13,919
of which Taxes: -€2,506
- Current portion of long-term debt -€3,490
down €3,490 (-13.1%), from €26,622 to €23,132
- Depreciation -€4,984
down €4,984 (-17.0%), from €29,285 to €24,302
- Gross operating margin +€4,184
up €4,184 (+5.8%), from €72,001 to €76,185
- Financial income +€2,031
up €2,031 (+431.4%), from €471 to €2,501
- Taxes +€990
up €990 (+73.5%), from €1,347 to €2,337
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 | €207,262 | €214,714 | +€7,452 | +3.6% |
| Fixed assets | 21/28 | €129,977 | €120,791 | -€9,186 | -7.1% |
| Intangible fixed assets | 21 | €2,062 | €939 | -€1,123 | -54.5% |
| Tangible fixed assets | 22/27 | €125,541 | €117,478 | -€8,063 | -6.4% |
| Plant, machinery and equipment | 23 | €11,769 | €8,825 | -€2,943 | -25.0% |
| Furniture and vehicles | 24 | €17,431 | €2,171 | -€15,260 | -87.5% |
| Leasing and similar rights | 25 | €88,583 | €99,715 | +€11,131 | +12.6% |
| Other tangible fixed assets | 26 | €7,758 | €6,767 | -€990 | -12.8% |
| Financial fixed assets | 28 | €2,374 | €2,374 | = | 0.0% |
| Current assets | 29/58 | €77,285 | €93,923 | +€16,638 | +21.5% |
| Stocks and contracts in progress | 3 | €13,766 | €13,345 | -€421 | -3.1% |
| Stocks | 30/36 | €13,766 | €13,345 | -€421 | -3.1% |
| Amounts receivable within one year | 40/41 | €18,479 | €25,358 | +€6,879 | +37.2% |
| Trade receivables | 40 | €7,908 | €16,947 | +€9,039 | +114.3% |
| Other amounts receivable | 41 | €10,571 | €8,411 | -€2,161 | -20.4% |
| Cash at bank and in hand | 54/58 | €39,092 | €51,288 | +€12,196 | +31.2% |
| Deferred charges and accrued income | 490/1 | €5,947 | €3,932 | -€2,015 | -33.9% |
| Total equity and liabilities | 10/49 | €207,262 | €214,714 | +€7,452 | +3.6% |
| Equity | 10/15 | €84,427 | €82,199 | -€2,228 | -2.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €80,565 | €74,836 | -€5,728 | -7.1% |
| Distributable reserves | 133 | €80,565 | €74,836 | -€5,728 | -7.1% |
| Profit (loss) carried forward | 14 | -€1,137 | €0 | +€1,137 | |
| Investment grants | 15 | - | €2,363 | +€2,363 | |
| Amounts payable | 17/49 | €122,835 | €132,515 | +€9,681 | +7.9% |
| Amounts payable after more than one year | 17 | €70,932 | €73,221 | +€2,289 | +3.2% |
| Financial debts | 170/4 | €70,932 | €73,221 | +€2,289 | +3.2% |
| Amounts payable within one year | 42/48 | €51,642 | €59,281 | +€7,639 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €26,622 | €23,132 | -€3,490 | -13.1% |
| Trade debts | 44 | €4,942 | €10,263 | +€5,321 | +107.7% |
| Suppliers | 440/4 | €4,942 | €10,263 | +€5,321 | +107.7% |
| Taxes, remuneration and social security | 45 | €17,722 | €13,919 | -€3,804 | -21.5% |
| Taxes | 450/3 | €6,006 | €3,500 | -€2,506 | -41.7% |
| Remuneration and social security | 454/9 | €11,716 | €10,418 | -€1,298 | -11.1% |
| Other amounts payable | 47/48 | €2,356 | €11,967 | +€9,612 | +408.1% |
| Accrued charges and deferred income | 492/3 | €260 | €13 | -€247 | -95.1% |
| Non-recurring operating income | 76A | - | €3,411 | +€3,411 | |
| Remuneration, social security and pensions | 62 | €35,807 | €35,441 | -€366 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,285 | €24,302 | -€4,984 | -17.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €421 | €421 | = | 0.0% |
| Other operating charges | 640/8 | €2,259 | €2,815 | +€556 | +24.6% |
| Non-recurring operating charges | 66A | - | €2,000 | +€2,000 | |
| Gross operating margin | 9900 | €72,001 | €76,185 | +€4,184 | +5.8% |
| Operating profit (loss) | 9901 | €4,229 | €11,206 | +€6,977 | +165.0% |
| Financial income | 75/76B | €471 | €2,501 | +€2,031 | +431.4% |
| Recurring financial income | 75 | €471 | €2,501 | +€2,031 | +431.4% |
| Financial charges | 65/66B | €4,490 | €3,994 | -€496 | -11.0% |
| Recurring financial charges | 65 | €4,490 | €3,994 | -€496 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €210 | €9,713 | +€9,503 | +4524.8% |
| Income taxes | 67/77 | €1,347 | €2,337 | +€990 | +73.5% |
| Profit (loss) for the period | 9904 | -€1,137 | €7,376 | +€8,514 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,137 | €7,376 | +€8,514 |
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 6 October 2026 via checked.be.