C.A.C.D.P.: 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.
C.A.C.D.P.
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Cash -€90,073
down €90,073 (-28.4%), from €316,613 to €226,540
mainly Current investments (-€250,000) and Other debts (-€17,082)
- Reserves +€162,613
up €162,613 (+15.2%), from €1.1m to €1.2m
of which Distributable reserves: +€141,853
- Tax, wage and social debts +€22,223
up €22,223 (+146%), from €15,267 to €37,491
- Other debts -€17,082
down €17,082 (-100%), from €17,082 to €0
- Purchases and services -€40,334
down €40,334 (-37.0%), from €109,046 to €68,712
- Turnover -€32,077
down €32,077 (-9.6%), from €333,258 to €301,180
- Gross operating margin +€6,923
up €6,923 (+2.9%), from €242,021 to €248,944
- Depreciation -€4,551
down €4,551 (-39.9%), from €11,406 to €6,855
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 | €1,120,520 | €1,280,832 | +€160,313 | +14.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €722,449 | €722,531 | +€82 | 0.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €11,122 | €11,204 | +€82 | +0.7% |
| Plant, machinery and equipment | 23 | €5,311 | €9,092 | +€3,781 | +71.2% |
| Furniture and vehicles | 24 | €5,811 | €2,111 | -€3,699 | -63.7% |
| Financial fixed assets | 28 | €711,327 | €711,327 | = | 0.0% |
| Current assets | 29/58 | €398,071 | €558,301 | +€160,231 | +40.3% |
| Amounts receivable within one year | 40/41 | €69,351 | €80,177 | +€10,826 | +15.6% |
| Trade receivables | 40 | €29,351 | €57,392 | +€28,041 | +95.5% |
| Other amounts receivable | 41 | €40,000 | €22,785 | -€17,215 | -43.0% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €316,613 | €226,540 | -€90,073 | -28.4% |
| Deferred charges and accrued income | 490/1 | €12,107 | €1,585 | -€10,522 | -86.9% |
| Total equity and liabilities | 10/49 | €1,120,520 | €1,280,832 | +€160,313 | +14.3% |
| Equity | 10/15 | €1,079,837 | €1,242,449 | +€162,613 | +15.1% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Capital | 10 | - | €12,405 | +€12,405 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €6,195 | +€6,195 | |
| Reserves | 13 | €1,066,687 | €1,229,300 | +€162,613 | +15.2% |
| Non-distributable reserves | 130/1 | - | €20,760 | +€20,760 | |
| Legal reserve | 130 | - | €20,760 | +€20,760 | |
| Distributable reserves | 133 | €1,066,687 | €1,208,540 | +€141,853 | +13.3% |
| Profit (loss) carried forward | 14 | €745 | €745 | = | 0.0% |
| Amounts payable | 17/49 | €40,683 | €38,383 | -€2,300 | -5.7% |
| Amounts payable within one year | 42/48 | €40,683 | €38,383 | -€2,300 | -5.7% |
| Trade debts | 44 | €8,334 | €892 | -€7,441 | -89.3% |
| Suppliers | 440/4 | €8,334 | €892 | -€7,441 | -89.3% |
| Taxes, remuneration and social security | 45 | €15,267 | €37,491 | +€22,223 | +146% |
| Taxes | 450/3 | €15,267 | €37,491 | +€22,223 | +146% |
| Other amounts payable | 47/48 | €17,082 | €0 | -€17,082 | -100% |
| Turnover | 70 | €333,258 | €301,180 | -€32,077 | -9.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €109,046 | €68,712 | -€40,334 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,406 | €6,855 | -€4,551 | -39.9% |
| Other operating charges | 640/8 | €1,082 | €1,370 | +€288 | +26.6% |
| Gross operating margin | 9900 | €242,021 | €248,944 | +€6,923 | +2.9% |
| Operating profit (loss) | 9901 | €229,533 | €240,719 | +€11,186 | +4.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €821 | €293 | -€528 | -64.3% |
| Recurring financial charges | 65 | €821 | €293 | -€528 | -64.3% |
| Profit (loss) for the period before taxes | 9903 | €228,712 | €240,426 | +€11,714 | +5.1% |
| Income taxes | 67/77 | €78,597 | €77,813 | -€784 | -1.0% |
| Profit (loss) for the period | 9904 | €150,115 | €162,613 | +€12,498 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €150,115 | €162,613 | +€12,498 | +8.3% |
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 27 October 2026 via checked.be.