CF HOLDING: 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 HOLDING
Largest movements
- Financial fixed assets +€2.0m
up €2.0m (+6.1%), from €32.9m to €34.9m
- Receivables within one year +€1.1m
up €1.1m (+3.6%), from €31.4m to €32.5m
- Short-term financial debts +€2.8m
up €2.8m (+9.6%), from €28.9m to €31.7m
- Financial charges +€498,556
up €498,556 (+66.6%), from €748,189 to €1.2m
- Financial income +€417,823
up €417,823 (+61.8%), from €675,574 to €1.1m
- Gross operating margin +€8,212
up €8,212 (+23.0%), from -€35,629 to -€27,417
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 | €64,955,212 | €67,759,459 | +€2.8m | +4.3% |
| Fixed assets | 21/28 | €32,903,604 | €34,903,604 | +€2.0m | +6.1% |
| Financial fixed assets | 28 | €32,903,604 | €34,903,604 | +€2.0m | +6.1% |
| Current assets | 29/58 | €32,051,608 | €32,855,855 | +€804,248 | +2.5% |
| Amounts receivable within one year | 40/41 | €31,373,308 | €32,499,756 | +€1.1m | +3.6% |
| Other amounts receivable | 41 | €31,373,308 | €32,499,756 | +€1.1m | +3.6% |
| Current investments | 50/53 | €464,814 | €205,162 | -€259,653 | -55.9% |
| Cash at bank and in hand | 54/58 | €64,116 | €42,005 | -€22,111 | -34.5% |
| Deferred charges and accrued income | 490/1 | €149,369 | €108,932 | -€40,436 | -27.1% |
| Total equity and liabilities | 10/49 | €64,955,212 | €67,759,459 | +€2.8m | +4.3% |
| Equity | 10/15 | €9,828,369 | €9,646,605 | -€181,764 | -1.8% |
| Contributions | 10/11 | €10,800,000 | €10,800,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€971,631 | -€1,153,395 | -€181,764 | -18.7% |
| Amounts payable | 17/49 | €55,126,842 | €58,112,854 | +€3.0m | +5.4% |
| Amounts payable after more than one year | 17 | €25,949,278 | €26,261,237 | +€311,960 | +1.2% |
| Other amounts payable | 178/9 | €25,949,278 | €26,261,237 | +€311,960 | +1.2% |
| Amounts payable within one year | 42/48 | €28,927,816 | €31,700,003 | +€2.8m | +9.6% |
| Financial debts | 43 | €28,904,025 | €31,687,865 | +€2.8m | +9.6% |
| Other loans | 439 | €28,904,025 | €31,687,865 | +€2.8m | +9.6% |
| Trade debts | 44 | €23,791 | €12,137 | -€11,654 | -49.0% |
| Suppliers | 440/4 | €23,791 | €12,137 | -€11,654 | -49.0% |
| Accrued charges and deferred income | 492/3 | €249,749 | €151,614 | -€98,135 | -39.3% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€35,629 | -€27,417 | +€8,212 | +23.0% |
| Operating profit (loss) | 9901 | -€36,597 | -€28,415 | +€8,181 | +22.4% |
| Financial income | 75/76B | €675,574 | €1,093,396 | +€417,823 | +61.8% |
| Recurring financial income | 75 | €675,574 | €1,093,396 | +€417,823 | +61.8% |
| Financial charges | 65/66B | €748,189 | €1,246,745 | +€498,556 | +66.6% |
| Recurring financial charges | 65 | €748,189 | €1,246,745 | +€498,556 | +66.6% |
| Profit (loss) for the period before taxes | 9903 | -€109,211 | -€181,764 | -€72,552 | -66.4% |
| Profit (loss) for the period | 9904 | -€109,211 | -€181,764 | -€72,552 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,211 | -€181,764 | -€72,552 | -66.4% |
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 15 October 2026 via checked.be.