CF-Network: 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-Network
Largest movements
- Receivables within one year +€25,355
up €25,355 (+16.4%), from €154,630 to €179,986
of which Other amounts receivable: +€40,301
- Cash +€3,519
up €3,519 (+157.3%), from €2,238 to €5,757
mainly Other debts (+€66,667) and Net result for the year (+€25,322)
- Other debts +€66,667
new in 2025: €66,667
- Profit (loss) carried forward -€41,345
down €41,345 (-31.8%), from €130,053 to €88,708
- Trade debts +€1,903
up €1,903 (+79.1%), from €2,406 to €4,309
- Gross operating margin +€4,726
up €4,726 (+16.9%), from €28,012 to €32,738
- Taxes +€1,202
up €1,202 (+16.3%), from €7,383 to €8,586
- Financial charges -€814
down €814 (-13.0%), from €6,247 to €5,433
- Financial income +€696
up €696 (+8.5%), from €8,160 to €8,856
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 | €159,389 | €187,660 | +€28,271 | +17.7% |
| Fixed assets | 21/28 | €981 | €96 | -€885 | -90.2% |
| Tangible fixed assets | 22/27 | €981 | €96 | -€885 | -90.2% |
| Furniture and vehicles | 24 | €981 | €96 | -€885 | -90.2% |
| Current assets | 29/58 | €158,408 | €187,563 | +€29,155 | +18.4% |
| Amounts receivable within one year | 40/41 | €154,630 | €179,986 | +€25,355 | +16.4% |
| Trade receivables | 40 | €15,027 | €81 | -€14,946 | -99.5% |
| Other amounts receivable | 41 | €139,603 | €179,904 | +€40,301 | +28.9% |
| Cash at bank and in hand | 54/58 | €2,238 | €5,757 | +€3,519 | +157.3% |
| Deferred charges and accrued income | 490/1 | €1,540 | €1,821 | +€281 | +18.2% |
| Total equity and liabilities | 10/49 | €159,389 | €187,660 | +€28,271 | +17.7% |
| Equity | 10/15 | €135,053 | €93,708 | -€41,345 | -30.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,053 | €88,708 | -€41,345 | -31.8% |
| Amounts payable | 17/49 | €24,336 | €93,951 | +€69,615 | +286.1% |
| Amounts payable within one year | 42/48 | €24,336 | €93,820 | +€69,484 | +285.5% |
| Trade debts | 44 | €2,406 | €4,309 | +€1,903 | +79.1% |
| Suppliers | 440/4 | €2,406 | €4,309 | +€1,903 | +79.1% |
| Taxes, remuneration and social security | 45 | €21,929 | €22,844 | +€915 | +4.2% |
| Taxes | 450/3 | €21,769 | €22,524 | +€755 | +3.5% |
| Remuneration and social security | 454/9 | €160 | €320 | +€160 | +100.0% |
| Other amounts payable | 47/48 | - | €66,667 | +€66,667 | |
| Accrued charges and deferred income | 492/3 | - | €131 | +€131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,029 | €885 | -€144 | -14.0% |
| Other operating charges | 640/8 | €1,243 | €1,368 | +€126 | +10.1% |
| Gross operating margin | 9900 | €28,012 | €32,738 | +€4,726 | +16.9% |
| Operating profit (loss) | 9901 | €25,740 | €30,485 | +€4,745 | +18.4% |
| Financial income | 75/76B | €8,160 | €8,856 | +€696 | +8.5% |
| Recurring financial income | 75 | €8,160 | €8,856 | +€696 | +8.5% |
| Financial charges | 65/66B | €6,247 | €5,433 | -€814 | -13.0% |
| Recurring financial charges | 65 | €6,247 | €5,433 | -€814 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €27,653 | €33,907 | +€6,254 | +22.6% |
| Income taxes | 67/77 | €7,383 | €8,586 | +€1,202 | +16.3% |
| Profit (loss) for the period | 9904 | €20,270 | €25,322 | +€5,052 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,270 | €25,322 | +€5,052 | +24.9% |
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.