CFA INVEST: 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.
CFA INVEST
Largest movements
- Cash +€46,682
up €46,682 (+59.7%), from €78,208 to €124,891
mainly Net result for the year (+€60,095) and Depreciation (+€11,708)
- Tangible fixed assets -€11,708
down €11,708 (-21.9%), from €53,537 to €41,829
- Receivables within one year -€3,154
down €3,154 (-80.4%), from €3,922 to €768
- Reserves +€22,000
up €22,000 (+1,183%), from €1,860 to €23,860
- Tax, wage and social debts +€6,500
up €6,500 (+139%), from €4,674 to €11,174
- Debts after one year +€4,544
up €4,544 (+7.2%), from €63,360 to €67,904
- Contributions -€3,900
down €3,900 (-29.2%), from €13,340 to €9,440
- Profit (loss) carried forward +€1,995
up €1,995 (+3.8%), from €53,053 to €55,048
- Gross operating margin +€75,205
up €75,205 (+492%), from €15,299 to €90,504
- Taxes +€15,357
up €15,357 (+434%), from €3,540 to €18,897
- Depreciation +€6,366
up €6,366 (+119%), from €5,341 to €11,708
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 | €137,489 | €169,328 | +€31,839 | +23.2% |
| Fixed assets | 21/28 | €53,537 | €41,829 | -€11,708 | -21.9% |
| Tangible fixed assets | 22/27 | €53,537 | €41,829 | -€11,708 | -21.9% |
| Furniture and vehicles | 24 | €53,537 | €41,829 | -€11,708 | -21.9% |
| Current assets | 29/58 | €83,952 | €127,499 | +€43,547 | +51.9% |
| Amounts receivable within one year | 40/41 | €3,922 | €768 | -€3,154 | -80.4% |
| Other amounts receivable | 41 | €3,922 | €768 | -€3,154 | -80.4% |
| Cash at bank and in hand | 54/58 | €78,208 | €124,891 | +€46,682 | +59.7% |
| Deferred charges and accrued income | 490/1 | €1,822 | €1,840 | +€19 | +1.0% |
| Total equity and liabilities | 10/49 | €137,489 | €169,328 | +€31,839 | +23.2% |
| Equity | 10/15 | €68,253 | €88,348 | +€20,095 | +29.4% |
| Contributions | 10/11 | €13,340 | €9,440 | -€3,900 | -29.2% |
| Reserves | 13 | €1,860 | €23,860 | +€22,000 | +1,183% |
| Distributable reserves | 133 | €1,860 | €23,860 | +€22,000 | +1,183% |
| Profit (loss) carried forward | 14 | €53,053 | €55,048 | +€1,995 | +3.8% |
| Amounts payable | 17/49 | €69,235 | €80,980 | +€11,744 | +17.0% |
| Amounts payable after more than one year | 17 | €63,360 | €67,904 | +€4,544 | +7.2% |
| Other amounts payable | 178/9 | €63,360 | €67,904 | +€4,544 | +7.2% |
| Amounts payable within one year | 42/48 | €5,875 | €13,076 | +€7,200 | +123% |
| Trade debts | 44 | €534 | €1,235 | +€701 | +131% |
| Suppliers | 440/4 | €534 | €1,235 | +€701 | +131% |
| Taxes, remuneration and social security | 45 | €4,674 | €11,174 | +€6,500 | +139% |
| Taxes | 450/3 | €4,674 | €11,174 | +€6,500 | +139% |
| Other amounts payable | 47/48 | €667 | €667 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,341 | €11,708 | +€6,366 | +119% |
| Other operating charges | 640/8 | €854 | €676 | -€178 | -20.9% |
| Non-recurring operating charges | 66A | - | €184 | +€184 | |
| Gross operating margin | 9900 | €15,299 | €90,504 | +€75,205 | +492% |
| Operating profit (loss) | 9901 | €9,104 | €77,937 | +€68,833 | +756% |
| Financial income | 75/76B | €1,120 | €1,256 | +€136 | +12.1% |
| Recurring financial income | 75 | €1,120 | €1,256 | +€136 | +12.1% |
| Financial charges | 65/66B | €202 | €201 | -€1 | -0.7% |
| Recurring financial charges | 65 | €202 | €201 | -€1 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €10,022 | €78,992 | +€68,970 | +688% |
| Income taxes | 67/77 | €3,540 | €18,897 | +€15,357 | +434% |
| Profit (loss) for the period | 9904 | €6,482 | €60,095 | +€53,613 | +827% |
| Profit (loss) for the period to be appropriated | 9905 | €6,482 | €60,095 | +€53,613 | +827% |
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 25 October 2026 via checked.be.