CFD: 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.
CFD
Largest movements
- Receivables within one year -€119,633
down €119,633 (-79.4%), from €150,757 to €31,124
- Cash -€78,078
down €78,078 (-98.3%), from €79,434 to €1,356
mainly Debts within one year (-€194,676) and Investment in fixed assets (net) (-€2,550)
- Debts within one year -€194,676
down €194,676 (-77.2%), from €252,239 to €57,563
- Turnover -€1.2m
down €1.2m (-66.7%), from €1.8m to €610,897
From the 2007 result to the 2008 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 2007 and 2008 balance sheets and the 2008 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2007 | 2008 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €232,324 | €36,568 | -€195,756 | -84.3% |
| Fixed assets | 21/28 | €2,132 | €4,088 | +€1,955 | +91.7% |
| Tangible fixed assets | 22/27 | €235 | €1,440 | +€1,205 | +513.5% |
| Financial fixed assets | 28 | €1,898 | €2,648 | +€750 | +39.5% |
| Current assets | 29/58 | €230,192 | €32,481 | -€197,711 | -85.9% |
| Amounts receivable within one year | 40/41 | €150,757 | €31,124 | -€119,633 | -79.4% |
| Cash at bank and in hand | 54/58 | €79,434 | €1,356 | -€78,078 | -98.3% |
| Total equity and liabilities | 10/49 | €232,324 | €36,568 | -€195,756 | -84.3% |
| Equity | 10/15 | -€19,915 | -€20,994 | -€1,080 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,515 | -€39,594 | -€1,080 | -2.8% |
| Amounts payable | 17/49 | €252,239 | €57,563 | -€194,676 | -77.2% |
| Amounts payable within one year | 42/48 | €252,239 | €57,563 | -€194,676 | -77.2% |
| Trade debts | 44 | €176,835 | €38,326 | -€138,509 | -78.3% |
| Turnover | 70 | €1,835,662 | €610,897 | -€1.2m | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235 | €595 | +€360 | +153.4% |
| Gross operating margin | 9900 | €64,437 | €65,889 | +€1,453 | +2.3% |
| Operating profit (loss) | 9901 | €27,873 | €7,541 | -€20,332 | -72.9% |
| Recurring financial income | 75 | €72 | €191 | +€120 | +167.0% |
| Recurring financial charges | 65 | €33,998 | €10,386 | -€23,612 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,054 | -€1,080 | +€3,974 | +78.6% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€5,054 | -€1,080 | +€3,974 | +78.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,054 | -€1,080 | +€3,974 | +78.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2007 and 31 December 2008. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.