CFM: 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.
CFM
Largest movements
- Receivables within one year -€12,269
down €12,269 (-3.9%), from €312,046 to €299,777
of which Trade receivables: -€12,959
- Trade debts -€18,025
down €18,025 (-9.5%), from €189,838 to €171,813
- Profit (loss) carried forward +€5,167
up €5,167 (+6.1%), from -€84,639 to -€79,472
- Financial charges -€1,304
down €1,304 (-62.7%), from €2,079 to €775
- Gross operating margin +€946
up €946 (+18.4%), from €5,140 to €6,086
- Other operating charges -€116
down €116 (-49.2%), from €236 to €120
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 | €333,156 | €320,915 | -€12,241 | -3.7% |
| Fixed assets | 21/28 | €314 | €289 | -€24 | -7.7% |
| Tangible fixed assets | 22/27 | €314 | €289 | -€24 | -7.7% |
| Land and buildings | 22 | €314 | €289 | -€24 | -7.7% |
| Current assets | 29/58 | €332,843 | €320,625 | -€12,217 | -3.7% |
| Amounts receivable within one year | 40/41 | €312,046 | €299,777 | -€12,269 | -3.9% |
| Trade receivables | 40 | €102,046 | €89,087 | -€12,959 | -12.7% |
| Other amounts receivable | 41 | €210,000 | €210,690 | +€690 | +0.3% |
| Cash at bank and in hand | 54/58 | €20,797 | €20,849 | +€52 | +0.2% |
| Total equity and liabilities | 10/49 | €333,156 | €320,915 | -€12,241 | -3.7% |
| Equity | 10/15 | -€20,472 | -€15,305 | +€5,167 | +25.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,167 | €2,167 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,167 | €2,167 | = | 0.0% |
| Legal reserve | 130 | €2,167 | €2,167 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,639 | -€79,472 | +€5,167 | +6.1% |
| Amounts payable | 17/49 | €353,628 | €336,220 | -€17,408 | -4.9% |
| Amounts payable after more than one year | 17 | €42,492 | €42,492 | = | 0.0% |
| Financial debts | 170/4 | €42,492 | €42,492 | = | 0.0% |
| Amounts payable within one year | 42/48 | €311,136 | €293,728 | -€17,408 | -5.6% |
| Trade debts | 44 | €189,838 | €171,813 | -€18,025 | -9.5% |
| Suppliers | 440/4 | €189,838 | €171,813 | -€18,025 | -9.5% |
| Taxes, remuneration and social security | 45 | €6,991 | €10,094 | +€3,103 | +44.4% |
| Taxes | 450/3 | €6,991 | €10,094 | +€3,103 | +44.4% |
| Other amounts payable | 47/48 | €114,307 | €111,820 | -€2,486 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24 | €24 | = | 0.0% |
| Other operating charges | 640/8 | €236 | €120 | -€116 | -49.2% |
| Gross operating margin | 9900 | €5,140 | €6,086 | +€946 | +18.4% |
| Operating profit (loss) | 9901 | €4,880 | €5,942 | +€1,062 | +21.8% |
| Financial charges | 65/66B | €2,079 | €775 | -€1,304 | -62.7% |
| Recurring financial charges | 65 | €2,079 | €775 | -€1,304 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | €2,800 | €5,167 | +€2,367 | +84.5% |
| Profit (loss) for the period | 9904 | €2,800 | €5,167 | +€2,367 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,800 | €5,167 | +€2,367 | +84.5% |
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 12 October 2026 via checked.be.