CFE CONTRACTING: 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.
What changed
CFE CONTRACTING
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€12.7m
2024 · -€15.6m+€28.3m
Equity
€80.0m
2024 · €79.3m+€671,522
Cash
-
not filed
Balance sheet total
€369.2m
2024 · €337.8m+€31.4m
Largest movements
Assets
- Receivables within one year +€31.4m
up €31.4m (+19.6%), from €160.2m to €191.5m
of which Other amounts receivable: +€31.3m
Equity and liabilities
- Other debts +€31.2m
up €31.2m (+12.2%), from €256.0m to €287.2m
- Profit (loss) carried forward +€28.2m
up €28.2m, from -€27.8m to €398,189
- Contributions -€27.5m
down €27.5m (-27.5%), from €100.0m to €72.5m
Income statement
- Financial charges -€18.8m
down €18.8m (-63.7%), from €29.6m to €10.7m
of which Non-recurring financial charges: -€26.1m
- Financial income +€9.5m
up €9.5m (+68.0%), from €13.9m to €23.4m
of which Financial income: +€9.3m
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.
Result 2024
-€15.6m
Staff costs
+€1,611
Provisions
+€20,000
Other operating charges
+€10,328
Other operating items
-€22,923
Financial income
+€9.5m
Financial charges
+€18.8m
Result 2025
€12.7m
raises the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €337,789,009 | €369,207,594 | +€31.4m | +9.3% |
| Fixed assets | 21/28 | €176,527,497 | €176,382,707 | -€144,790 | -0.1% |
| Financial fixed assets | 28 | €176,527,497 | €176,382,707 | -€144,790 | -0.1% |
| Affiliated companies | 280/1 | €174,219,407 | €174,219,407 | = | 0.0% |
| Participating interests | 280 | €174,219,407 | €174,219,407 | = | 0.0% |
| Amounts receivable | 281 | €0 | €0 | = | |
| Companies linked by participating interests | 282/3 | €2,308,090 | €2,163,300 | -€144,790 | -6.3% |
| Participating interests | 282 | €7,318 | €7,318 | = | 0.0% |
| Amounts receivable | 283 | €2,300,772 | €2,155,982 | -€144,790 | -6.3% |
| Current assets | 29/58 | €161,261,512 | €192,824,887 | +€31.6m | +19.6% |
| Amounts receivable within one year | 40/41 | €160,161,446 | €191,539,180 | +€31.4m | +19.6% |
| Trade receivables | 40 | €5,219 | €39,217 | +€33,998 | +651% |
| Other amounts receivable | 41 | €160,156,227 | €191,499,962 | +€31.3m | +19.6% |
| Deferred charges and accrued income | 490/1 | €1,100,066 | €1,285,708 | +€185,642 | +16.9% |
| Total equity and liabilities | 10/49 | €337,789,009 | €369,207,594 | +€31.4m | +9.3% |
| Equity | 10/15 | €79,322,218 | €79,993,739 | +€671,522 | +0.8% |
| Contributions | 10/11 | €100,036,000 | €72,500,000 | -€27.5m | -27.5% |
| Capital | 10 | €100,036,000 | €72,500,000 | -€27.5m | -27.5% |
| Issued capital | 100 | €100,036,000 | €72,500,000 | -€27.5m | -27.5% |
| Reserves | 13 | €7,095,551 | €7,095,551 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,095,551 | €7,095,551 | = | 0.0% |
| Legal reserve | 130 | €7,095,551 | €7,095,551 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,809,333 | €398,189 | +€28.2m | |
| Provisions and deferred taxes | 16 | €20,000 | €0 | -€20,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €20,000 | €0 | -€20,000 | -100% |
| Other liabilities and charges | 164/5 | €20,000 | €0 | -€20,000 | -100% |
| Amounts payable | 17/49 | €258,446,791 | €289,213,855 | +€30.8m | +11.9% |
| Amounts payable after more than one year | 17 | €926,649 | €661,628 | -€265,022 | -28.6% |
| Other amounts payable | 178/9 | €926,649 | €661,628 | -€265,022 | -28.6% |
| Amounts payable within one year | 42/48 | €256,008,089 | €287,199,582 | +€31.2m | +12.2% |
| Trade debts | 44 | €13,492 | €18,549 | +€5,057 | +37.5% |
| Suppliers | 440/4 | €13,492 | €18,549 | +€5,057 | +37.5% |
| Taxes, remuneration and social security | 45 | - | €880 | +€880 | |
| Taxes | 450/3 | - | €880 | +€880 | |
| Other amounts payable | 47/48 | €255,994,596 | €287,180,153 | +€31.2m | +12.2% |
| Accrued charges and deferred income | 492/3 | €1,512,053 | €1,352,645 | -€159,408 | -10.5% |
| Operating income | 70/76A | €74,826 | €42,936 | -€31,890 | -42.6% |
| Other operating income | 74 | €74,826 | €42,936 | -€31,890 | -42.6% |
| Operating charges | 60/66A | €60,184 | €19,279 | -€40,905 | -68.0% |
| Services and other goods | 61 | €29,094 | €39,279 | +€10,185 | +35.0% |
| Remuneration, social security and pensions | 62 | €1,611 | - | -€1,611 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€20,000 | -€20,000 | |
| Other operating charges | 640/8 | €10,328 | - | -€10,328 | |
| Non-recurring operating charges | 66A | €19,152 | - | -€19,152 | |
| Operating profit (loss) | 9901 | €14,641 | €23,657 | +€9,016 | +61.6% |
| Financial income | 75/76B | €13,926,612 | €23,391,192 | +€9.5m | +68.0% |
| Recurring financial income | 75 | €13,604,407 | €22,907,271 | +€9.3m | +68.4% |
| Income from financial fixed assets | 750 | €9,350,000 | €19,600,000 | +€10.3m | +110% |
| Income from current assets | 751 | €4,207,641 | €3,307,271 | -€900,370 | -21.4% |
| Other financial income | 752/9 | €46,766 | €0 | -€46,766 | -100% |
| Non-recurring financial income | 76B | €322,205 | €483,922 | +€161,716 | +50.2% |
| Financial charges | 65/66B | €29,566,392 | €10,743,327 | -€18.8m | -63.7% |
| Recurring financial charges | 65 | -€1,549,309 | €5,721,627 | +€7.3m | |
| Debt charges | 650 | €5,988,329 | €4,418,947 | -€1.6m | -26.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€7,565,875 | €1,227,175 | +€8.8m | |
| Other financial charges | 652/9 | €28,237 | €75,506 | +€47,269 | +167% |
| Non-recurring financial charges | 66B | €31,115,701 | €5,021,700 | -€26.1m | -83.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,625,138 | €12,671,522 | +€28.3m | |
| Profit (loss) for the period | 9904 | -€15,625,138 | €12,671,522 | +€28.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,625,138 | €12,671,522 | +€28.3m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.