CFDA: 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.
CFDA
Largest movements
- Cash -€26,259
down €26,259 (-14.9%), from €176,473 to €150,214
mainly Contributions, distributions and other (-€205,000) and Receivables within one year (-€20,160)
- Receivables within one year +€20,160
up €20,160 (+47.9%), from €42,100 to €62,260
of which Other amounts receivable: +€25,000
- Tangible fixed assets -€3,269
down €3,269 (-13.4%), from €24,315 to €21,046
of which Furniture and vehicles: -€1,956
- Other debts +€117,940
up €117,940 (+709.0%), from €16,634 to €134,574
- Reserves -€110,000
down €110,000 (-75.9%), from €145,000 to €35,000
- Tax, wage and social debts -€10,327
down €10,327 (-19.4%), from €53,253 to €42,926
of which Taxes: -€9,026
- Profit (loss) carried forward -€6,001
down €6,001 (-71.8%), from €8,359 to €2,358
- Gross operating margin -€9,462
down €9,462 (-6.8%), from €139,047 to €129,585
- Financial income -€8,131
down €8,131 (-91.1%), from €8,923 to €792
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 | €243,377 | €234,042 | -€9,336 | -3.8% |
| Fixed assets | 21/28 | €24,315 | €21,046 | -€3,269 | -13.4% |
| Tangible fixed assets | 22/27 | €24,315 | €21,046 | -€3,269 | -13.4% |
| Plant, machinery and equipment | 23 | €12,845 | €11,532 | -€1,313 | -10.2% |
| Furniture and vehicles | 24 | €11,470 | €9,514 | -€1,956 | -17.1% |
| Current assets | 29/58 | €219,062 | €212,996 | -€6,067 | -2.8% |
| Amounts receivable within one year | 40/41 | €42,100 | €62,260 | +€20,160 | +47.9% |
| Trade receivables | 40 | €12,100 | €7,260 | -€4,840 | -40.0% |
| Other amounts receivable | 41 | €30,000 | €55,000 | +€25,000 | +83.3% |
| Cash at bank and in hand | 54/58 | €176,473 | €150,214 | -€26,259 | -14.9% |
| Deferred charges and accrued income | 490/1 | €489 | €522 | +€32 | +6.6% |
| Total equity and liabilities | 10/49 | €243,377 | €234,042 | -€9,336 | -3.8% |
| Equity | 10/15 | €158,359 | €42,358 | -€116,001 | -73.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €145,000 | €35,000 | -€110,000 | -75.9% |
| Distributable reserves | 133 | €145,000 | €35,000 | -€110,000 | -75.9% |
| Profit (loss) carried forward | 14 | €8,359 | €2,358 | -€6,001 | -71.8% |
| Amounts payable | 17/49 | €85,019 | €191,684 | +€106,666 | +125.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €85,019 | €191,684 | +€106,666 | +125.5% |
| Current portion of amounts payable after more than one year | 42 | €8,775 | €10,133 | +€1,358 | +15.5% |
| Trade debts | 44 | €6,356 | €4,051 | -€2,305 | -36.3% |
| Suppliers | 440/4 | €6,356 | €4,051 | -€2,305 | -36.3% |
| Taxes, remuneration and social security | 45 | €53,253 | €42,926 | -€10,327 | -19.4% |
| Taxes | 450/3 | €50,909 | €41,882 | -€9,026 | -17.7% |
| Remuneration and social security | 454/9 | €2,345 | €1,044 | -€1,300 | -55.5% |
| Other amounts payable | 47/48 | €16,634 | €134,574 | +€117,940 | +709.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,416 | €6,383 | -€33 | -0.5% |
| Other operating charges | 640/8 | €1,124 | €1,371 | +€247 | +22.0% |
| Gross operating margin | 9900 | €139,047 | €129,585 | -€9,462 | -6.8% |
| Operating profit (loss) | 9901 | €131,507 | €121,831 | -€9,676 | -7.4% |
| Financial income | 75/76B | €8,923 | €792 | -€8,131 | -91.1% |
| Recurring financial income | 75 | €8,923 | €792 | -€8,131 | -91.1% |
| Financial charges | 65/66B | €1,391 | €1,116 | -€275 | -19.8% |
| Recurring financial charges | 65 | €1,391 | €1,116 | -€275 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €139,039 | €121,507 | -€17,532 | -12.6% |
| Income taxes | 67/77 | €33,563 | €32,508 | -€1,055 | -3.1% |
| Profit (loss) for the period | 9904 | €105,476 | €88,999 | -€16,478 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €105,476 | €88,999 | -€16,478 | -15.6% |
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 7 October 2026 via checked.be.