CFL: 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.
CFL
Largest movements
- Receivables within one year -€12,706
down €12,706 (-65.0%), from €19,557 to €6,851
of which Other amounts receivable: -€14,101
- Tangible fixed assets -€9,028
down €9,028 (-27.3%), from €33,034 to €24,006
- Cash +€4,540
up €4,540 (+42.2%), from €10,759 to €15,300
mainly Receivables within one year (+€12,706) and Depreciation (+€10,267)
- Current portion of long-term debt -€11,266
down €11,266 (-86.0%), from €13,102 to €1,836
- Other debts -€9,779
down €9,779 (-89.6%), from €10,911 to €1,132
- Reserves +€7,800
up €7,800 (+25.0%), from €31,150 to €38,950
- Tax, wage and social debts -€3,494
down €3,494 (-69.1%), from €5,058 to €1,564
of which Taxes: -€2,998
- Trade debts +€1,859
up €1,859 (+34.4%), from €5,412 to €7,272
- Gross operating margin +€8,931
up €8,931 (+31.9%), from €27,955 to €36,887
- Staff costs +€2,393
up €2,393 (+38.0%), from €6,301 to €8,694
- Depreciation -€2,310
down €2,310 (-18.4%), from €12,577 to €10,267
- Taxes +€2,301
up €2,301 (+112.7%), from €2,042 to €4,343
- Financial charges +€585
up €585 (+46.2%), from €1,266 to €1,851
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 | €71,381 | €54,890 | -€16,491 | -23.1% |
| Fixed assets | 21/28 | €33,034 | €24,006 | -€9,028 | -27.3% |
| Tangible fixed assets | 22/27 | €33,034 | €24,006 | -€9,028 | -27.3% |
| Plant, machinery and equipment | 23 | €18,058 | €14,010 | -€4,047 | -22.4% |
| Furniture and vehicles | 24 | €6,139 | €2,381 | -€3,758 | -61.2% |
| Other tangible fixed assets | 26 | €8,838 | €7,614 | -€1,223 | -13.8% |
| Current assets | 29/58 | €38,347 | €30,884 | -€7,463 | -19.5% |
| Stocks and contracts in progress | 3 | €811 | €1,020 | +€209 | +25.8% |
| Stocks | 30/36 | €811 | €1,020 | +€209 | +25.8% |
| Amounts receivable within one year | 40/41 | €19,557 | €6,851 | -€12,706 | -65.0% |
| Trade receivables | 40 | €1,445 | €2,841 | +€1,395 | +96.5% |
| Other amounts receivable | 41 | €18,111 | €4,010 | -€14,101 | -77.9% |
| Cash at bank and in hand | 54/58 | €10,759 | €15,300 | +€4,540 | +42.2% |
| Deferred charges and accrued income | 490/1 | €7,221 | €7,714 | +€493 | +6.8% |
| Total equity and liabilities | 10/49 | €71,381 | €54,890 | -€16,491 | -23.1% |
| Equity | 10/15 | €32,190 | €40,047 | +€7,857 | +24.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €31,150 | €38,950 | +€7,800 | +25.0% |
| Distributable reserves | 133 | €31,150 | €38,950 | +€7,800 | +25.0% |
| Profit (loss) carried forward | 14 | €40 | €97 | +€57 | +142.1% |
| Amounts payable | 17/49 | €39,191 | €14,843 | -€24,348 | -62.1% |
| Amounts payable after more than one year | 17 | €1,836 | - | -€1,836 | |
| Financial debts | 170/4 | €1,836 | - | -€1,836 | |
| Amounts payable within one year | 42/48 | €34,483 | €11,804 | -€22,680 | -65.8% |
| Current portion of amounts payable after more than one year | 42 | €13,102 | €1,836 | -€11,266 | -86.0% |
| Trade debts | 44 | €5,412 | €7,272 | +€1,859 | +34.4% |
| Suppliers | 440/4 | €5,412 | €7,272 | +€1,859 | +34.4% |
| Taxes, remuneration and social security | 45 | €5,058 | €1,564 | -€3,494 | -69.1% |
| Taxes | 450/3 | €4,437 | €1,440 | -€2,998 | -67.6% |
| Remuneration and social security | 454/9 | €620 | €124 | -€497 | -80.0% |
| Other amounts payable | 47/48 | €10,911 | €1,132 | -€9,779 | -89.6% |
| Accrued charges and deferred income | 492/3 | €2,871 | €3,039 | +€168 | +5.8% |
| Remuneration, social security and pensions | 62 | €6,301 | €8,694 | +€2,393 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,577 | €10,267 | -€2,310 | -18.4% |
| Other operating charges | 640/8 | €3,087 | €3,226 | +€139 | +4.5% |
| Non-recurring operating charges | 66A | - | €661 | +€661 | |
| Gross operating margin | 9900 | €27,955 | €36,887 | +€8,931 | +31.9% |
| Operating profit (loss) | 9901 | €5,991 | €14,039 | +€8,049 | +134.4% |
| Financial income | 75/76B | €7 | €12 | +€5 | +68.7% |
| Recurring financial income | 75 | €7 | €12 | +€5 | +68.7% |
| Financial charges | 65/66B | €1,266 | €1,851 | +€585 | +46.2% |
| Recurring financial charges | 65 | €1,266 | €1,851 | +€585 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | €4,732 | €12,200 | +€7,468 | +157.8% |
| Income taxes | 67/77 | €2,042 | €4,343 | +€2,301 | +112.7% |
| Profit (loss) for the period | 9904 | €2,690 | €7,857 | +€5,167 | +192.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,690 | €7,857 | +€5,167 | +192.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.