CF Services: 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 Services
Largest movements
- Cash +€102,344
up €102,344 (+2,025%), from €5,054 to €107,398
mainly Depreciation (+€69,928) and Other debts (+€60,707)
- Tangible fixed assets -€29,756
down €29,756 (-3.2%), from €931,185 to €901,429
of which Furniture and vehicles: -€88,569
- Stocks and contracts -€29,664
down €29,664 (-53.3%), from €55,664 to €26,000
- Other debts +€60,707
up €60,707 (+79.1%), from €76,711 to €137,419
- Debts after one year -€28,336
down €28,336 (-4.6%), from €613,262 to €584,926
- Depreciation +€23,061
up €23,061 (+49.2%), from €46,867 to €69,928
- Financial charges +€8,389
up €8,389 (+86.2%), from €9,736 to €18,125
- Taxes -€3,539
down €3,539 (-94.0%), from €3,767 to €228
- Gross operating margin +€2,432
up €2,432 (+2.9%), from €85,309 to €87,741
- Other operating charges +€1,190
new in 2025: €1,190
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 | €1,022,066 | €1,055,731 | +€33,666 | +3.3% |
| Fixed assets | 21/28 | €931,277 | €901,522 | -€29,756 | -3.2% |
| Tangible fixed assets | 22/27 | €931,185 | €901,429 | -€29,756 | -3.2% |
| Land and buildings | 22 | €829,521 | €885,717 | +€56,196 | +6.8% |
| Plant, machinery and equipment | 23 | €8,022 | €10,639 | +€2,617 | +32.6% |
| Furniture and vehicles | 24 | €93,642 | €5,073 | -€88,569 | -94.6% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €90,788 | €154,210 | +€63,422 | +69.9% |
| Stocks and contracts in progress | 3 | €55,664 | €26,000 | -€29,664 | -53.3% |
| Stocks | 30/36 | €55,664 | €26,000 | -€29,664 | -53.3% |
| Amounts receivable within one year | 40/41 | €30,070 | €20,812 | -€9,258 | -30.8% |
| Trade receivables | 40 | €14,696 | €20,812 | +€6,116 | +41.6% |
| Other amounts receivable | 41 | €15,374 | €0 | -€15,374 | -100% |
| Cash at bank and in hand | 54/58 | €5,054 | €107,398 | +€102,344 | +2,025% |
| Total equity and liabilities | 10/49 | €1,022,066 | €1,055,731 | +€33,666 | +3.3% |
| Equity | 10/15 | €241,606 | €239,907 | -€1,700 | -0.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €229,206 | €229,206 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €227,346 | €227,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,700 | -€1,700 | |
| Amounts payable | 17/49 | €780,459 | €815,825 | +€35,366 | +4.5% |
| Amounts payable after more than one year | 17 | €613,262 | €584,926 | -€28,336 | -4.6% |
| Financial debts | 170/4 | €613,262 | €584,926 | -€28,336 | -4.6% |
| Amounts payable within one year | 42/48 | €167,197 | €230,899 | +€63,702 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €61,990 | €67,330 | +€5,340 | +8.6% |
| Trade debts | 44 | - | €7,413 | +€7,413 | |
| Suppliers | 440/4 | - | €7,413 | +€7,413 | |
| Advances received on contracts in progress | 46 | €2,700 | - | -€2,700 | |
| Taxes, remuneration and social security | 45 | €25,796 | €18,737 | -€7,059 | -27.4% |
| Taxes | 450/3 | €23,996 | €16,937 | -€7,059 | -29.4% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €76,711 | €137,419 | +€60,707 | +79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,867 | €69,928 | +€23,061 | +49.2% |
| Other operating charges | 640/8 | - | €1,190 | +€1,190 | |
| Gross operating margin | 9900 | €85,309 | €87,741 | +€2,432 | +2.9% |
| Operating profit (loss) | 9901 | €38,442 | €16,622 | -€21,820 | -56.8% |
| Financial income | 75/76B | €1 | €31 | +€30 | +2,805% |
| Recurring financial income | 75 | €1 | €31 | +€30 | +2,805% |
| Financial charges | 65/66B | €9,736 | €18,125 | +€8,389 | +86.2% |
| Recurring financial charges | 65 | €9,736 | €18,125 | +€8,389 | +86.2% |
| Profit (loss) for the period before taxes | 9903 | €28,707 | -€1,472 | -€30,179 | |
| Income taxes | 67/77 | €3,767 | €228 | -€3,539 | -94.0% |
| Profit (loss) for the period | 9904 | €24,940 | -€1,700 | -€26,640 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,940 | -€1,700 | -€26,640 |
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 25 October 2026 via checked.be.