CFC-EDITIONS: 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.
CFC-EDITIONS
Largest movements
- Current investments -€72,000
down €72,000 (-30.0%), from €240,000 to €168,000
- Stocks and contracts +€35,141
up €35,141 (+11.7%), from €299,697 to €334,838
- Receivables within one year -€15,718
down €15,718 (-11.5%), from €137,111 to €121,393
of which Trade receivables: -€16,918
- Accrued charges and deferred income -€65,600
down €65,600 (-11.9%), from €553,197 to €487,597
- Reserves +€14,077
up €14,077 (+14.8%), from €95,000 to €109,077
- Gross operating margin +€36,641
up €36,641 (+8.9%), from €412,975 to €449,615
- Staff costs +€22,131
up €22,131 (+5.4%), from €412,150 to €434,281
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 | €1,000,363 | €944,117 | -€56,246 | -5.6% |
| Fixed assets | 21/28 | €12,187 | €14,814 | +€2,627 | +21.6% |
| Financial fixed assets | 28 | €12,187 | €14,814 | +€2,627 | +21.6% |
| Current assets | 29/58 | €988,176 | €929,303 | -€58,872 | -6.0% |
| Stocks and contracts in progress | 3 | €299,697 | €334,838 | +€35,141 | +11.7% |
| Stocks | 30/36 | €299,697 | €334,838 | +€35,141 | +11.7% |
| Amounts receivable within one year | 40/41 | €137,111 | €121,393 | -€15,718 | -11.5% |
| Trade receivables | 40 | €134,175 | €117,257 | -€16,918 | -12.6% |
| Other amounts receivable | 41 | €2,936 | €4,135 | +€1,199 | +40.9% |
| Current investments | 50/53 | €240,000 | €168,000 | -€72,000 | -30.0% |
| Cash at bank and in hand | 54/58 | €305,448 | €300,147 | -€5,301 | -1.7% |
| Deferred charges and accrued income | 490/1 | €5,920 | €4,926 | -€994 | -16.8% |
| Total equity and liabilities | 10/49 | €1,000,363 | €944,117 | -€56,246 | -5.6% |
| Equity | 10/15 | €351,045 | €365,122 | +€14,077 | +4.0% |
| Contributions | 10/11 | €256,045 | €256,045 | = | 0.0% |
| Capital | 10 | €256,045 | €256,045 | = | 0.0% |
| Reserves | 13 | €95,000 | €109,077 | +€14,077 | +14.8% |
| Amounts payable | 17/49 | €649,318 | €578,995 | -€70,323 | -10.8% |
| Amounts payable within one year | 42/48 | €96,121 | €91,398 | -€4,723 | -4.9% |
| Trade debts | 44 | €48,085 | €38,805 | -€9,280 | -19.3% |
| Suppliers | 440/4 | €48,085 | €38,805 | -€9,280 | -19.3% |
| Taxes, remuneration and social security | 45 | €48,036 | €52,593 | +€4,557 | +9.5% |
| Remuneration and social security | 454/9 | €48,036 | €52,593 | +€4,557 | +9.5% |
| Accrued charges and deferred income | 492/3 | €553,197 | €487,597 | -€65,600 | -11.9% |
| Remuneration, social security and pensions | 62 | €412,150 | €434,281 | +€22,131 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €765 | +€765 | |
| Gross operating margin | 9900 | €412,975 | €449,615 | +€36,641 | +8.9% |
| Operating profit (loss) | 9901 | €824 | €14,570 | +€13,745 | +1667.5% |
| Financial income | 75/76B | €620 | €703 | +€83 | +13.4% |
| Recurring financial income | 75 | €620 | €703 | +€83 | +13.4% |
| Financial charges | 65/66B | €1,172 | €566 | -€606 | -51.7% |
| Recurring financial charges | 65 | €1,172 | €566 | -€606 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | €273 | €14,707 | +€14,434 | +5289.3% |
| Income taxes | 67/77 | €273 | €630 | +€357 | +130.8% |
| Profit (loss) for the period | 9904 | €0 | €14,077 | +€14,077 | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | €14,077 | +€14,077 |
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 4 October 2026 via checked.be.