Balder Cafmeyer: 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.
Balder Cafmeyer
Largest movements
- Current investments +€75,000
up €75,000 (+21.4%), from €350,000 to €425,000
- Receivables within one year -€15,082
down €15,082 (-93.6%), from €16,108 to €1,026
of which Trade receivables: -€15,972
- Other debts +€139,340
up €139,340 (+267%), from €52,129 to €191,469
- Reserves -€89,984
down €89,984 (-24.6%), from €365,070 to €275,085
- Gross operating margin +€13,895
up €13,895 (+11.2%), from €124,030 to €137,924
- Financial income -€3,739
down €3,739 (-42.7%), from €8,766 to €5,027
- Taxes +€3,422
up €3,422 (+9.0%), from €37,870 to €41,292
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €426,113 | €480,206 | +€54,093 | +12.7% |
| Fixed assets | 21/28 | €959 | €635 | -€325 | -33.8% |
| Tangible fixed assets | 22/27 | €959 | €635 | -€325 | -33.8% |
| Plant, machinery and equipment | 23 | €835 | €635 | -€200 | -24.0% |
| Furniture and vehicles | 24 | €125 | €0 | -€125 | -100% |
| Current assets | 29/58 | €425,153 | €479,571 | +€54,418 | +12.8% |
| Amounts receivable within one year | 40/41 | €16,108 | €1,026 | -€15,082 | -93.6% |
| Trade receivables | 40 | €15,972 | €0 | -€15,972 | -100% |
| Other amounts receivable | 41 | €136 | €1,026 | +€890 | +655% |
| Current investments | 50/53 | €350,000 | €425,000 | +€75,000 | +21.4% |
| Cash at bank and in hand | 54/58 | €58,339 | €53,545 | -€4,794 | -8.2% |
| Deferred charges and accrued income | 490/1 | €706 | €0 | -€706 | -100% |
| Total equity and liabilities | 10/49 | €426,113 | €480,206 | +€54,093 | +12.7% |
| Equity | 10/15 | €366,070 | €276,085 | -€89,984 | -24.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €365,070 | €275,085 | -€89,984 | -24.6% |
| Distributable reserves | 133 | €365,070 | €275,085 | -€89,984 | -24.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,043 | €204,121 | +€144,078 | +240% |
| Amounts payable within one year | 42/48 | €60,043 | €204,121 | +€144,078 | +240% |
| Trade debts | 44 | €0 | €290 | +€290 | |
| Suppliers | 440/4 | €0 | €290 | +€290 | |
| Taxes, remuneration and social security | 45 | €7,915 | €12,362 | +€4,447 | +56.2% |
| Taxes | 450/3 | €7,915 | €12,362 | +€4,447 | +56.2% |
| Other amounts payable | 47/48 | €52,129 | €191,469 | +€139,340 | +267% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,053 | €325 | -€728 | -69.2% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €124,030 | €137,924 | +€13,895 | +11.2% |
| Operating profit (loss) | 9901 | €122,464 | €137,072 | +€14,608 | +11.9% |
| Financial income | 75/76B | €8,766 | €5,027 | -€3,739 | -42.7% |
| Recurring financial income | 75 | €8,766 | €5,027 | -€3,739 | -42.7% |
| Financial charges | 65/66B | €199 | €230 | +€31 | +15.5% |
| Recurring financial charges | 65 | €199 | €230 | +€31 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €131,031 | €141,869 | +€10,838 | +8.3% |
| Income taxes | 67/77 | €37,870 | €41,292 | +€3,422 | +9.0% |
| Profit (loss) for the period | 9904 | €93,161 | €100,577 | +€7,416 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,161 | €100,577 | +€7,416 | +8.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.