CFC EUROPE: what changed
CFC EUROPE
Largest movements
- Receivables within one year -€1.2m
down €1.2m (-26.6%), from €4.5m to €3.3m
of which Other amounts receivable: -€1.2m
- Cash +€210,054
up €210,054 (+20.4%), from €1.0m to €1.2m
mainly Receivables within one year (+€1.2m) and Tax, wage and social debts (+€881,416)
- Reserves -€1.1m
down €1.1m (-36.4%), from €3.1m to €2.0m
of which Distributable reserves: -€1.1m
- Other debts -€1.1m
down €1.1m (-97.1%), from €1.1m to €31,571
- Tax, wage and social debts +€881,416
up €881,416 (+125%), from €707,375 to €1.6m
of which Taxes: +€519,041
- Trade debts +€349,706
up €349,706 (+65.2%), from €536,289 to €885,995
- Gross operating margin +€2.0m
up €2.0m (+54.8%), from €3.6m to €5.5m
- Staff costs +€1.6m
up €1.6m (+146%), from €1.1m to €2.7m
- Other operating charges +€374,128
up €374,128 (+30.7%), from €1.2m to €1.6m
- Taxes -€114,636
down €114,636 (-35.6%), from €322,011 to €207,375
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,513,507 | €4,562,790 | -€950,717 | -17.2% |
| Fixed assets | 21/28 | €20,477 | €41,329 | +€20,851 | +102% |
| Tangible fixed assets | 22/27 | €927 | €1,579 | +€651 | +70.2% |
| Furniture and vehicles | 24 | €927 | €1,579 | +€651 | +70.2% |
| Financial fixed assets | 28 | €19,550 | €39,750 | +€20,200 | +103% |
| Current assets | 29/58 | €5,493,030 | €4,521,462 | -€971,568 | -17.7% |
| Amounts receivable within one year | 40/41 | €4,462,340 | €3,277,102 | -€1.2m | -26.6% |
| Trade receivables | 40 | €6,042 | €6,959 | +€917 | +15.2% |
| Other amounts receivable | 41 | €4,456,298 | €3,270,143 | -€1.2m | -26.6% |
| Cash at bank and in hand | 54/58 | €1,030,208 | €1,240,262 | +€210,054 | +20.4% |
| Deferred charges and accrued income | 490/1 | €482 | €4,098 | +€3,616 | +750% |
| Total equity and liabilities | 10/49 | €5,513,507 | €4,562,790 | -€950,717 | -17.2% |
| Equity | 10/15 | €3,177,869 | €2,056,433 | -€1.1m | -35.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €3,077,869 | €1,956,433 | -€1.1m | -36.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €3,067,869 | €1,946,433 | -€1.1m | -36.6% |
| Amounts payable | 17/49 | €2,335,638 | €2,506,357 | +€170,719 | +7.3% |
| Amounts payable within one year | 42/48 | €2,335,638 | €2,506,357 | +€170,719 | +7.3% |
| Trade debts | 44 | €536,289 | €885,995 | +€349,706 | +65.2% |
| Suppliers | 440/4 | €536,289 | €885,995 | +€349,706 | +65.2% |
| Taxes, remuneration and social security | 45 | €707,375 | €1,588,791 | +€881,416 | +125% |
| Taxes | 450/3 | €328,745 | €847,786 | +€519,041 | +158% |
| Remuneration and social security | 454/9 | €378,630 | €741,005 | +€362,375 | +95.7% |
| Other amounts payable | 47/48 | €1,091,974 | €31,571 | -€1.1m | -97.1% |
| Remuneration, social security and pensions | 62 | €1,078,917 | €2,654,482 | +€1.6m | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €538 | €995 | +€456 | +84.7% |
| Other operating charges | 640/8 | €1,220,026 | €1,594,154 | +€374,128 | +30.7% |
| Non-recurring operating charges | 66A | €518,539 | €251,030 | -€267,509 | -51.6% |
| Gross operating margin | 9900 | €3,576,430 | €5,535,767 | +€2.0m | +54.8% |
| Operating profit (loss) | 9901 | €758,409 | €1,035,107 | +€276,697 | +36.5% |
| Financial income | 75/76B | - | €51,939 | +€51,939 | |
| Recurring financial income | 75 | - | €51,939 | +€51,939 | |
| Financial charges | 65/66B | €23,610 | €1,106 | -€22,504 | -95.3% |
| Recurring financial charges | 65 | €23,610 | €1,106 | -€22,504 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | €734,799 | €1,085,939 | +€351,141 | +47.8% |
| Income taxes | 67/77 | €322,011 | €207,375 | -€114,636 | -35.6% |
| Profit (loss) for the period | 9904 | €412,788 | €878,564 | +€465,777 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €412,788 | €878,564 | +€465,777 | +113% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.