CF LEGAL: what changed
CF LEGAL
Largest movements
- Intangible fixed assets -€20,299
down €20,299 (-11.4%), from €177,631 to €157,332
- Receivables within one year +€19,334
up €19,334 (+52.3%), from €36,954 to €56,287
of which Other amounts receivable: +€21,530
- Tangible fixed assets -€6,273
down €6,273 (-46.4%), from €13,530 to €7,257
- Debts after one year -€27,449
down €27,449 (-18.8%), from €146,237 to €118,787
- Reserves +€15,619
up €15,619 (+76.0%), from €20,548 to €36,167
- Tax, wage and social debts +€8,089
up €8,089 (+51.1%), from €15,830 to €23,920
- Trade debts -€3,287
down €3,287 (-23.4%), from €14,064 to €10,776
- Accrued charges and deferred income +€2,727
up €2,727 (+2,496%), from €109 to €2,836
- Gross operating margin -€13,019
down €13,019 (-18.9%), from €69,042 to €56,022
- Depreciation -€3,727
down €3,727 (-12.3%), from €30,299 to €26,573
- Taxes -€1,701
down €1,701 (-17.3%), from €9,817 to €8,116
- Financial charges -€1,567
down €1,567 (-19.2%), from €8,151 to €6,583
- Financial income +€1,312
up €1,312 (+139%), from €943 to €2,256
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,863 | €227,095 | -€6,769 | -2.9% |
| Fixed assets | 21/28 | €194,702 | €168,129 | -€26,573 | -13.6% |
| Intangible fixed assets | 21 | €177,631 | €157,332 | -€20,299 | -11.4% |
| Tangible fixed assets | 22/27 | €13,530 | €7,257 | -€6,273 | -46.4% |
| Furniture and vehicles | 24 | €13,530 | €7,257 | -€6,273 | -46.4% |
| Financial fixed assets | 28 | €3,540 | €3,540 | = | 0.0% |
| Current assets | 29/58 | €39,162 | €58,966 | +€19,804 | +50.6% |
| Amounts receivable within one year | 40/41 | €36,954 | €56,287 | +€19,334 | +52.3% |
| Trade receivables | 40 | €5,678 | €3,482 | -€2,196 | -38.7% |
| Other amounts receivable | 41 | €31,276 | €52,806 | +€21,530 | +68.8% |
| Cash at bank and in hand | 54/58 | €1,300 | €1,790 | +€491 | +37.8% |
| Deferred charges and accrued income | 490/1 | €909 | €888 | -€21 | -2.3% |
| Total equity and liabilities | 10/49 | €233,863 | €227,095 | -€6,769 | -2.9% |
| Equity | 10/15 | €26,234 | €41,853 | +€15,619 | +59.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,548 | €36,167 | +€15,619 | +76.0% |
| Distributable reserves | 133 | €20,548 | €36,167 | +€15,619 | +76.0% |
| Profit (loss) carried forward | 14 | €686 | €686 | = | 0.0% |
| Amounts payable | 17/49 | €207,629 | €185,241 | -€22,388 | -10.8% |
| Amounts payable after more than one year | 17 | €146,237 | €118,787 | -€27,449 | -18.8% |
| Financial debts | 170/4 | €146,237 | €118,787 | -€27,449 | -18.8% |
| Amounts payable within one year | 42/48 | €61,283 | €63,618 | +€2,334 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €29,917 | €27,449 | -€2,467 | -8.2% |
| Trade debts | 44 | €14,064 | €10,776 | -€3,287 | -23.4% |
| Suppliers | 440/4 | €14,064 | €10,776 | -€3,287 | -23.4% |
| Advances received on contracts in progress | 46 | €1,472 | €1,472 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €15,830 | €23,920 | +€8,089 | +51.1% |
| Taxes | 450/3 | €15,830 | €23,920 | +€8,089 | +51.1% |
| Accrued charges and deferred income | 492/3 | €109 | €2,836 | +€2,727 | +2,496% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,299 | €26,573 | -€3,727 | -12.3% |
| Other operating charges | 640/8 | €1,170 | €1,387 | +€217 | +18.5% |
| Gross operating margin | 9900 | €69,042 | €56,022 | -€13,019 | -18.9% |
| Operating profit (loss) | 9901 | €37,572 | €28,063 | -€9,509 | -25.3% |
| Financial income | 75/76B | €943 | €2,256 | +€1,312 | +139% |
| Recurring financial income | 75 | €943 | €2,256 | +€1,312 | +139% |
| Financial charges | 65/66B | €8,151 | €6,583 | -€1,567 | -19.2% |
| Recurring financial charges | 65 | €8,151 | €6,583 | -€1,567 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €30,365 | €23,735 | -€6,630 | -21.8% |
| Income taxes | 67/77 | €9,817 | €8,116 | -€1,701 | -17.3% |
| Profit (loss) for the period | 9904 | €20,548 | €15,619 | -€4,929 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,548 | €15,619 | -€4,929 | -24.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.