CFNR Antwerpen: 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.
CFNR Antwerpen
Largest movements
- Receivables within one year +€437,074
up €437,074 (+19.5%), from €2.2m to €2.7m
of which Other amounts receivable: +€574,784
- Cash -€91,909
down €91,909 (-34.2%), from €268,751 to €176,841
mainly Receivables within one year (-€437,074) and Tax, wage and social debts (-€13,225)
- Profit (loss) carried forward +€316,524
up €316,524 (+17.0%), from €1.9m to €2.2m
- Trade debts +€33,247
up €33,247 (+35.8%), from €92,872 to €126,119
- Gross operating margin -€192,377
down €192,377 (-18.0%), from €1.1m to €874,510
- Taxes -€63,756
down €63,756 (-37.0%), from €172,203 to €108,447
- Staff costs +€29,293
up €29,293 (+6.5%), from €451,846 to €481,140
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 | €2,529,601 | €2,868,510 | +€338,910 | +13.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €8,611 | €5,446 | -€3,165 | -36.8% |
| Tangible fixed assets | 22/27 | €8,611 | €5,446 | -€3,165 | -36.8% |
| Furniture and vehicles | 24 | €8,611 | €5,446 | -€3,165 | -36.8% |
| Current assets | 29/58 | €2,520,990 | €2,863,064 | +€342,075 | +13.6% |
| Amounts receivable within one year | 40/41 | €2,235,927 | €2,673,001 | +€437,074 | +19.5% |
| Trade receivables | 40 | €1,073,876 | €936,166 | -€137,710 | -12.8% |
| Other amounts receivable | 41 | €1,162,051 | €1,736,835 | +€574,784 | +49.5% |
| Current investments | 50/53 | €12,790 | €12,857 | +€67 | +0.5% |
| Cash at bank and in hand | 54/58 | €268,751 | €176,841 | -€91,909 | -34.2% |
| Deferred charges and accrued income | 490/1 | €3,522 | €365 | -€3,157 | -89.6% |
| Total equity and liabilities | 10/49 | €2,529,601 | €2,868,510 | +€338,910 | +13.4% |
| Equity | 10/15 | €2,271,453 | €2,587,977 | +€316,524 | +13.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €304,700 | €304,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €294,700 | €210,500 | -€84,200 | -28.6% |
| Distributable reserves | 133 | - | €84,200 | +€84,200 | |
| Profit (loss) carried forward | 14 | €1,866,753 | €2,183,277 | +€316,524 | +17.0% |
| Amounts payable | 17/49 | €258,148 | €280,533 | +€22,385 | +8.7% |
| Amounts payable within one year | 42/48 | €257,588 | €277,610 | +€20,022 | +7.8% |
| Trade debts | 44 | €92,872 | €126,119 | +€33,247 | +35.8% |
| Suppliers | 440/4 | €92,872 | €126,119 | +€33,247 | +35.8% |
| Taxes, remuneration and social security | 45 | €164,716 | €151,491 | -€13,225 | -8.0% |
| Taxes | 450/3 | €88,190 | €71,214 | -€16,976 | -19.2% |
| Remuneration and social security | 454/9 | €76,526 | €80,277 | +€3,751 | +4.9% |
| Accrued charges and deferred income | 492/3 | €560 | €2,924 | +€2,364 | +422% |
| Remuneration, social security and pensions | 62 | €451,846 | €481,140 | +€29,293 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,796 | €3,165 | +€369 | +13.2% |
| Other operating charges | 640/8 | €1,706 | €1,722 | +€16 | +0.9% |
| Gross operating margin | 9900 | €1,066,886 | €874,510 | -€192,377 | -18.0% |
| Operating profit (loss) | 9901 | €610,537 | €388,483 | -€222,055 | -36.4% |
| Financial income | 75/76B | €30,858 | €38,603 | +€7,744 | +25.1% |
| Recurring financial income | 75 | €30,858 | €38,603 | +€7,744 | +25.1% |
| Financial charges | 65/66B | €685 | €2,115 | +€1,430 | +209% |
| Recurring financial charges | 65 | €685 | €2,115 | +€1,430 | +209% |
| Profit (loss) for the period before taxes | 9903 | €640,711 | €424,971 | -€215,740 | -33.7% |
| Income taxes | 67/77 | €172,203 | €108,447 | -€63,756 | -37.0% |
| Profit (loss) for the period | 9904 | €468,508 | €316,524 | -€151,983 | -32.4% |
| Transfer from tax-exempt reserves | 789 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €468,508 | €400,724 | -€67,783 | -14.5% |
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 20 October 2026 via checked.be.