CFN Services: 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.
CFN Services
Largest movements
- Receivables within one year +€46,189
up €46,189 (+12.8%), from €361,000 to €407,189
of which Trade receivables: +€52,245
- Stocks and contracts -€22,868
no longer reported in 2025 (was €22,868)
- Tangible fixed assets -€9,112
down €9,112 (-35.6%), from €25,626 to €16,514
of which Furniture and vehicles: -€6,120
- Trade debts +€14,997
up €14,997 (+9.4%), from €158,802 to €173,799
- Short-term financial debts +€11,723
up €11,723 (+5.5%), from €213,497 to €225,220
- Other debts -€10,000
down €10,000 (-28.6%), from €35,000 to €25,000
- Profit (loss) carried forward +€6,601
up €6,601 (+585.3%), from €1,128 to €7,729
- Tax, wage and social debts -€6,321
down €6,321 (-15.6%), from €40,473 to €34,151
- Gross operating margin -€9,183
down €9,183 (-13.9%), from €66,199 to €57,016
- Financial charges -€7,354
down €7,354 (-20.6%), from €35,712 to €28,358
- Financial income -€1,386
down €1,386 (-5.6%), from €24,852 to €23,466
- Depreciation +€829
up €829 (+10.0%), from €8,283 to €9,112
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 | €461,466 | €478,380 | +€16,914 | +3.7% |
| Fixed assets | 21/28 | €25,651 | €16,539 | -€9,112 | -35.5% |
| Tangible fixed assets | 22/27 | €25,626 | €16,514 | -€9,112 | -35.6% |
| Plant, machinery and equipment | 23 | €3,073 | €1,875 | -€1,198 | -39.0% |
| Furniture and vehicles | 24 | €13,800 | €7,680 | -€6,120 | -44.3% |
| Other tangible fixed assets | 26 | €8,753 | €6,959 | -€1,794 | -20.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €435,815 | €461,841 | +€26,026 | +6.0% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €22,868 | - | -€22,868 | |
| Stocks | 30/36 | €22,868 | - | -€22,868 | |
| Amounts receivable within one year | 40/41 | €361,000 | €407,189 | +€46,189 | +12.8% |
| Trade receivables | 40 | €352,295 | €404,541 | +€52,245 | +14.8% |
| Other amounts receivable | 41 | €8,704 | €2,649 | -€6,056 | -69.6% |
| Cash at bank and in hand | 54/58 | €1,947 | €2,927 | +€980 | +50.3% |
| Deferred charges and accrued income | 490/1 | - | €1,724 | +€1,724 | |
| Total equity and liabilities | 10/49 | €461,466 | €478,380 | +€16,914 | +3.7% |
| Equity | 10/15 | €13,128 | €19,729 | +€6,601 | +50.3% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,128 | €7,729 | +€6,601 | +585.3% |
| Amounts payable | 17/49 | €448,338 | €458,651 | +€10,313 | +2.3% |
| Amounts payable within one year | 42/48 | €447,772 | €458,171 | +€10,400 | +2.3% |
| Financial debts | 43 | €213,497 | €225,220 | +€11,723 | +5.5% |
| Credit institutions | 430/8 | €213,497 | €225,220 | +€11,723 | +5.5% |
| Trade debts | 44 | €158,802 | €173,799 | +€14,997 | +9.4% |
| Suppliers | 440/4 | €158,802 | €173,799 | +€14,997 | +9.4% |
| Taxes, remuneration and social security | 45 | €40,473 | €34,151 | -€6,321 | -15.6% |
| Taxes | 450/3 | €40,473 | €34,151 | -€6,321 | -15.6% |
| Other amounts payable | 47/48 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Accrued charges and deferred income | 492/3 | €567 | €480 | -€87 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,283 | €9,112 | +€829 | +10.0% |
| Other operating charges | 640/8 | €717 | €631 | -€86 | -12.0% |
| Gross operating margin | 9900 | €66,199 | €57,016 | -€9,183 | -13.9% |
| Operating profit (loss) | 9901 | €57,199 | €47,273 | -€9,926 | -17.4% |
| Financial income | 75/76B | €24,852 | €23,466 | -€1,386 | -5.6% |
| Recurring financial income | 75 | €24,852 | €23,466 | -€1,386 | -5.6% |
| Financial charges | 65/66B | €35,712 | €28,358 | -€7,354 | -20.6% |
| Recurring financial charges | 65 | €35,712 | €28,358 | -€7,354 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €46,339 | €42,380 | -€3,958 | -8.5% |
| Income taxes | 67/77 | €11,260 | €10,780 | -€481 | -4.3% |
| Profit (loss) for the period | 9904 | €35,079 | €31,601 | -€3,478 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,079 | €31,601 | -€3,478 | -9.9% |
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 10 October 2026 via checked.be.