CPF: 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.
CPF
Largest movements
- Current investments +€120,000
new in 2025: €120,000
- Cash -€89,542
down €89,542 (-81.3%), from €110,187 to €20,645
mainly Current investments (-€120,000) and Receivables within one year (-€17,157)
- Receivables within one year +€17,157
up €17,157 (+131%), from €13,121 to €30,278
- Deferred charges and accrued income +€9,000
new in 2025: €9,000
- Profit (loss) carried forward +€60,225
up €60,225 (+82.3%), from €73,216 to €133,442
- Tax, wage and social debts -€4,086
down €4,086 (-21.3%), from €19,167 to €15,081
- Gross operating margin +€23,919
up €23,919 (+45.0%), from €53,199 to €77,117
- Taxes +€6,014
up €6,014 (+55.6%), from €10,810 to €16,824
- Financial income +€1,455
new in 2025: €1,455
- Depreciation -€933
down €933 (-40.1%), from €2,327 to €1,394
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 | €124,445 | €180,709 | +€56,264 | +45.2% |
| Fixed assets | 21/28 | €1,136 | €786 | -€351 | -30.9% |
| Tangible fixed assets | 22/27 | €1,136 | €786 | -€351 | -30.9% |
| Furniture and vehicles | 24 | €1,136 | €786 | -€351 | -30.9% |
| Current assets | 29/58 | €123,308 | €179,923 | +€56,615 | +45.9% |
| Amounts receivable within one year | 40/41 | €13,121 | €30,278 | +€17,157 | +131% |
| Trade receivables | 40 | €13,121 | €30,278 | +€17,157 | +131% |
| Current investments | 50/53 | - | €120,000 | +€120,000 | |
| Cash at bank and in hand | 54/58 | €110,187 | €20,645 | -€89,542 | -81.3% |
| Deferred charges and accrued income | 490/1 | - | €9,000 | +€9,000 | |
| Total equity and liabilities | 10/49 | €124,445 | €180,709 | +€56,264 | +45.2% |
| Equity | 10/15 | €100,790 | €161,016 | +€60,225 | +59.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €27,074 | €27,074 | = | 0.0% |
| Distributable reserves | 133 | €27,074 | €27,074 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,216 | €133,442 | +€60,225 | +82.3% |
| Amounts payable | 17/49 | €23,654 | €19,693 | -€3,961 | -16.7% |
| Amounts payable within one year | 42/48 | €23,654 | €19,652 | -€4,002 | -16.9% |
| Trade debts | 44 | €729 | €56 | -€673 | -92.3% |
| Suppliers | 440/4 | €729 | €56 | -€673 | -92.3% |
| Taxes, remuneration and social security | 45 | €19,167 | €15,081 | -€4,086 | -21.3% |
| Taxes | 450/3 | €19,167 | €15,081 | -€4,086 | -21.3% |
| Other amounts payable | 47/48 | €3,758 | €4,515 | +€757 | +20.1% |
| Accrued charges and deferred income | 492/3 | - | €41 | +€41 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,327 | €1,394 | -€933 | -40.1% |
| Gross operating margin | 9900 | €53,199 | €77,117 | +€23,919 | +45.0% |
| Operating profit (loss) | 9901 | €50,872 | €75,724 | +€24,852 | +48.9% |
| Financial income | 75/76B | - | €1,455 | +€1,455 | |
| Recurring financial income | 75 | - | €1,455 | +€1,455 | |
| Financial charges | 65/66B | €60 | €129 | +€69 | +115% |
| Recurring financial charges | 65 | €60 | €129 | +€69 | +115% |
| Profit (loss) for the period before taxes | 9903 | €50,812 | €77,050 | +€26,238 | +51.6% |
| Income taxes | 67/77 | €10,810 | €16,824 | +€6,014 | +55.6% |
| Profit (loss) for the period | 9904 | €40,002 | €60,225 | +€20,224 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,002 | €60,225 | +€20,224 | +50.6% |
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 23 October 2026 via checked.be.