CFX PROJECTS: 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.
CFX PROJECTS
Largest movements
- Cash -€8,486
down €8,486 (-89.6%), from €9,469 to €984
mainly Net result for the year (-€6,880) and Debts after one year (-€4,353)
- Tangible fixed assets -€5,292
down €5,292 (-25.6%), from €20,706 to €15,413
of which Furniture and vehicles: -€4,836
- Receivables within one year +€2,141
up €2,141 (+35.1%), from €6,094 to €8,236
of which Trade receivables: +€1,704
- Stocks and contracts +€1,052
up €1,052 (+46.8%), from €2,248 to €3,300
- Profit (loss) carried forward -€6,880
down €6,880 (-140.1%), from -€4,912 to -€11,791
- Debts after one year -€4,353
down €4,353 (-31.0%), from €14,048 to €9,695
- Trade debts +€999
up €999 (+50.0%), from €1,999 to €2,998
- Tax, wage and social debts -€566
down €566 (-44.5%), from €1,272 to €707
- Gross operating margin -€1,354
down €1,354, from €949 to -€405
- Depreciation +€448
up €448 (+9.2%), from €4,845 to €5,292
- Other operating charges +€111
up €111 (+93.4%), from €119 to €230
- Financial income -€68
down €68 (-65.8%), from €103 to €35
- Financial charges -€18
down €18 (-2.2%), from €828 to €810
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 | €38,564 | €27,966 | -€10,598 | -27.5% |
| Fixed assets | 21/28 | €20,706 | €15,413 | -€5,292 | -25.6% |
| Tangible fixed assets | 22/27 | €20,706 | €15,413 | -€5,292 | -25.6% |
| Plant, machinery and equipment | 23 | €1,227 | €771 | -€456 | -37.2% |
| Furniture and vehicles | 24 | €19,478 | €14,642 | -€4,836 | -24.8% |
| Current assets | 29/58 | €17,858 | €12,553 | -€5,306 | -29.7% |
| Stocks and contracts in progress | 3 | €2,248 | €3,300 | +€1,052 | +46.8% |
| Stocks | 30/36 | €2,248 | €3,300 | +€1,052 | +46.8% |
| Amounts receivable within one year | 40/41 | €6,094 | €8,236 | +€2,141 | +35.1% |
| Trade receivables | 40 | €5,849 | €7,554 | +€1,704 | +29.1% |
| Other amounts receivable | 41 | €245 | €682 | +€437 | +178.5% |
| Cash at bank and in hand | 54/58 | €9,469 | €984 | -€8,486 | -89.6% |
| Deferred charges and accrued income | 490/1 | €46 | €33 | -€13 | -28.2% |
| Total equity and liabilities | 10/49 | €38,564 | €27,966 | -€10,598 | -27.5% |
| Equity | 10/15 | €17,071 | €10,192 | -€6,880 | -40.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,983 | €1,983 | = | 0.0% |
| Distributable reserves | 133 | €1,983 | €1,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,912 | -€11,791 | -€6,880 | -140.1% |
| Amounts payable | 17/49 | €21,492 | €17,774 | -€3,718 | -17.3% |
| Amounts payable after more than one year | 17 | €14,048 | €9,695 | -€4,353 | -31.0% |
| Financial debts | 170/4 | €14,048 | €9,695 | -€4,353 | -31.0% |
| Amounts payable within one year | 42/48 | €7,441 | €8,079 | +€639 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €4,169 | €4,353 | +€184 | +4.4% |
| Trade debts | 44 | €1,999 | €2,998 | +€999 | +50.0% |
| Suppliers | 440/4 | €1,999 | €2,998 | +€999 | +50.0% |
| Taxes, remuneration and social security | 45 | €1,272 | €707 | -€566 | -44.5% |
| Taxes | 450/3 | €1,272 | €707 | -€566 | -44.5% |
| Other amounts payable | 47/48 | - | €22 | +€22 | |
| Accrued charges and deferred income | 492/3 | €4 | €0 | -€4 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,845 | €5,292 | +€448 | +9.2% |
| Other operating charges | 640/8 | €119 | €230 | +€111 | +93.4% |
| Gross operating margin | 9900 | €949 | -€405 | -€1,354 | |
| Operating profit (loss) | 9901 | -€4,015 | -€5,927 | -€1,913 | -47.6% |
| Financial income | 75/76B | €103 | €35 | -€68 | -65.8% |
| Recurring financial income | 75 | €103 | €35 | -€68 | -65.8% |
| Financial charges | 65/66B | €828 | €810 | -€18 | -2.2% |
| Recurring financial charges | 65 | €828 | €810 | -€18 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,739 | -€6,702 | -€1,963 | -41.4% |
| Income taxes | 67/77 | €173 | €178 | +€5 | +3.0% |
| Profit (loss) for the period | 9904 | -€4,912 | -€6,880 | -€1,968 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,912 | -€6,880 | -€1,968 | -40.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.