Cf-Tech: 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-Tech
Largest movements
- Cash +€89,426
up €89,426 (+41.0%), from €217,971 to €307,397
mainly Net result for the year (+€100,364) and Depreciation (+€46,855)
- Tangible fixed assets -€45,659
down €45,659 (-8.2%), from €556,436 to €510,777
- Stocks and contracts -€15,366
down €15,366 (-41.6%), from €36,914 to €21,548
- Receivables within one year +€8,932
up €8,932 (+38.6%), from €23,155 to €32,087
of which Trade receivables: +€13,318
- Reserves +€100,364
up €100,364 (+38.2%), from €263,000 to €363,364
of which Distributable reserves: +€100,364
- Debts after one year -€59,559
down €59,559 (-14.0%), from €426,022 to €366,462
- Other debts -€9,036
down €9,036 (-14.7%), from €61,483 to €52,447
- Depreciation -€13,999
down €13,999 (-23.0%), from €60,854 to €46,855
- Gross operating margin +€9,019
up €9,019 (+5.0%), from €181,956 to €190,975
- Taxes +€3,537
up €3,537 (+15.0%), from €23,642 to €27,179
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 | €840,114 | €879,500 | +€39,386 | +4.7% |
| Fixed assets | 21/28 | €556,886 | €511,226 | -€45,659 | -8.2% |
| Tangible fixed assets | 22/27 | €556,436 | €510,777 | -€45,659 | -8.2% |
| Land and buildings | 22 | €421,512 | €399,153 | -€22,358 | -5.3% |
| Plant, machinery and equipment | 23 | €14,290 | €10,565 | -€3,725 | -26.1% |
| Furniture and vehicles | 24 | €3,215 | €2,540 | -€674 | -21.0% |
| Leasing and similar rights | 25 | €60,141 | €45,331 | -€14,810 | -24.6% |
| Other tangible fixed assets | 26 | €57,278 | €53,187 | -€4,091 | -7.1% |
| Financial fixed assets | 28 | €449 | €449 | = | 0.0% |
| Current assets | 29/58 | €283,228 | €368,274 | +€85,046 | +30.0% |
| Stocks and contracts in progress | 3 | €36,914 | €21,548 | -€15,366 | -41.6% |
| Stocks | 30/36 | €36,914 | €21,548 | -€15,366 | -41.6% |
| Amounts receivable within one year | 40/41 | €23,155 | €32,087 | +€8,932 | +38.6% |
| Trade receivables | 40 | €18,769 | €32,087 | +€13,318 | +71.0% |
| Other amounts receivable | 41 | €4,386 | €0 | -€4,386 | -100% |
| Cash at bank and in hand | 54/58 | €217,971 | €307,397 | +€89,426 | +41.0% |
| Deferred charges and accrued income | 490/1 | €5,188 | €7,242 | +€2,054 | +39.6% |
| Total equity and liabilities | 10/49 | €840,114 | €879,500 | +€39,386 | +4.7% |
| Equity | 10/15 | €281,600 | €381,964 | +€100,364 | +35.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €263,000 | €363,364 | +€100,364 | +38.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €263,000 | €363,364 | +€100,364 | +38.2% |
| Amounts payable | 17/49 | €558,514 | €497,536 | -€60,978 | -10.9% |
| Amounts payable after more than one year | 17 | €426,022 | €366,462 | -€59,559 | -14.0% |
| Financial debts | 170/4 | €426,022 | €366,462 | -€59,559 | -14.0% |
| Amounts payable within one year | 42/48 | €132,492 | €131,074 | -€1,419 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €58,359 | €59,559 | +€1,200 | +2.1% |
| Financial debts | 43 | - | €27 | +€27 | |
| Credit institutions | 430/8 | - | €27 | +€27 | |
| Trade debts | 44 | €6,138 | €6,382 | +€244 | +4.0% |
| Suppliers | 440/4 | €6,138 | €6,382 | +€244 | +4.0% |
| Advances received on contracts in progress | 46 | €1,681 | €760 | -€921 | -54.8% |
| Taxes, remuneration and social security | 45 | €4,832 | €11,900 | +€7,068 | +146% |
| Taxes | 450/3 | €4,832 | €11,900 | +€7,068 | +146% |
| Other amounts payable | 47/48 | €61,483 | €52,447 | -€9,036 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,854 | €46,855 | -€13,999 | -23.0% |
| Other operating charges | 640/8 | €7,295 | €6,358 | -€938 | -12.9% |
| Gross operating margin | 9900 | €181,956 | €190,975 | +€9,019 | +5.0% |
| Operating profit (loss) | 9901 | €113,807 | €137,762 | +€23,955 | +21.0% |
| Financial income | 75/76B | €50 | €789 | +€739 | +1,467% |
| Recurring financial income | 75 | €50 | €789 | +€739 | +1,467% |
| Financial charges | 65/66B | €9,804 | €11,008 | +€1,203 | +12.3% |
| Recurring financial charges | 65 | €9,804 | €11,008 | +€1,203 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €104,053 | €127,543 | +€23,490 | +22.6% |
| Income taxes | 67/77 | €23,642 | €27,179 | +€3,537 | +15.0% |
| Profit (loss) for the period | 9904 | €80,411 | €100,364 | +€19,953 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,411 | €100,364 | +€19,953 | +24.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.