CFINANCE HOLDING: 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.
CFINANCE HOLDING
Largest movements
- Receivables after one year +€480,000
new in 2025: €480,000
- Cash +€36,990
up €36,990 (+4,904%), from €754 to €37,745
mainly Debts after one year (+€568,974) and Net result for the year (+€254,024)
- Debts after one year +€568,974
up €568,974 (+55.6%), from €1.0m to €1.6m
- Other debts -€296,501
down €296,501 (-100%), from €296,501 to €0
- Reserves +€254,000
up €254,000 (+37.3%), from €681,000 to €935,000
- Financial income +€141,206
up €141,206 (+4,706,853%), from €3 to €141,209
- Gross operating margin -€131,511
down €131,511 (-44.3%), from €296,718 to €165,207
- Taxes -€31,550
down €31,550 (-45.3%), from €69,709 to €38,159
- Financial charges -€7,353
down €7,353 (-37.7%), from €19,509 to €12,156
- Depreciation -€3,902
down €3,902 (-82.1%), from €4,755 to €853
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.
Derived cash bridge
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 | €2,826,646 | €3,363,268 | +€536,622 | +19.0% |
| Fixed assets | 21/28 | €2,800,892 | €2,803,526 | +€2,635 | +0.1% |
| Tangible fixed assets | 22/27 | €529 | €3,163 | +€2,635 | +499% |
| Furniture and vehicles | 24 | €529 | €3,163 | +€2,635 | +499% |
| Financial fixed assets | 28 | €2,800,363 | €2,800,363 | = | 0.0% |
| Current assets | 29/58 | €25,754 | €559,742 | +€533,987 | +2,073% |
| Amounts receivable after more than one year | 29 | - | €480,000 | +€480,000 | |
| Other amounts receivable | 291 | - | €480,000 | +€480,000 | |
| Amounts receivable within one year | 40/41 | €25,000 | €41,997 | +€16,997 | +68.0% |
| Trade receivables | 40 | €25,000 | €35,156 | +€10,156 | +40.6% |
| Other amounts receivable | 41 | - | €6,841 | +€6,841 | |
| Cash at bank and in hand | 54/58 | €754 | €37,745 | +€36,990 | +4,904% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,826,646 | €3,363,268 | +€536,622 | +19.0% |
| Equity | 10/15 | €1,283,575 | €1,537,599 | +€254,024 | +19.8% |
| Contributions | 10/11 | €601,600 | €601,600 | = | 0.0% |
| Reserves | 13 | €681,000 | €935,000 | +€254,000 | +37.3% |
| Distributable reserves | 133 | €681,000 | €935,000 | +€254,000 | +37.3% |
| Profit (loss) carried forward | 14 | €975 | €999 | +€24 | +2.5% |
| Amounts payable | 17/49 | €1,543,071 | €1,825,668 | +€282,598 | +18.3% |
| Amounts payable after more than one year | 17 | €1,022,808 | €1,591,782 | +€568,974 | +55.6% |
| Financial debts | 170/4 | €1,022,808 | €1,591,782 | +€568,974 | +55.6% |
| Amounts payable within one year | 42/48 | €511,820 | €231,891 | -€279,929 | -54.7% |
| Current portion of amounts payable after more than one year | 42 | €200,894 | €202,851 | +€1,957 | +1.0% |
| Trade debts | 44 | €3,818 | €29,040 | +€25,222 | +661% |
| Suppliers | 440/4 | €3,818 | €29,040 | +€25,222 | +661% |
| Taxes, remuneration and social security | 45 | €10,607 | €0 | -€10,607 | -100% |
| Taxes | 450/3 | €10,607 | €0 | -€10,607 | -100% |
| Other amounts payable | 47/48 | €296,501 | €0 | -€296,501 | -100% |
| Accrued charges and deferred income | 492/3 | €8,442 | €1,995 | -€6,448 | -76.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,755 | €853 | -€3,902 | -82.1% |
| Other operating charges | 640/8 | €1,189 | €1,224 | +€35 | +2.9% |
| Gross operating margin | 9900 | €296,718 | €165,207 | -€131,511 | -44.3% |
| Operating profit (loss) | 9901 | €290,774 | €163,130 | -€127,644 | -43.9% |
| Financial income | 75/76B | €3 | €141,209 | +€141,206 | +4,706,853% |
| Recurring financial income | 75 | €3 | €141,209 | +€141,206 | +4,706,853% |
| Financial charges | 65/66B | €19,509 | €12,156 | -€7,353 | -37.7% |
| Recurring financial charges | 65 | €19,509 | €12,156 | -€7,353 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €271,268 | €292,183 | +€20,915 | +7.7% |
| Income taxes | 67/77 | €69,709 | €38,159 | -€31,550 | -45.3% |
| Profit (loss) for the period | 9904 | €201,559 | €254,024 | +€52,465 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €201,559 | €254,024 | +€52,465 | +26.0% |
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 28 October 2026 via checked.be.