C A D: 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.
C A D
Largest movements
- Current investments -€101,000
no longer reported in 2025 (was €101,000)
- Cash +€92,720
up €92,720 (+465.1%), from €19,936 to €112,656
mainly Current investments (+€101,000) and Tax, wage and social debts (+€735)
- Profit (loss) carried forward -€10,245
down €10,245 (-33.7%), from €30,358 to €20,113
- Turnover -€45,618
no longer reported in 2025 (was €45,618)
- Gross operating margin -€44,991
down €44,991, from €42,614 to -€2,377
- Taxes -€7,800
down €7,800 (-94.2%), from €8,278 to €478
- Purchases and services -€3,004
no longer reported in 2025 (was €3,004)
- Financial income +€1,681
new in 2025: €1,681
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 | €140,188 | €131,334 | -€8,854 | -6.3% |
| Fixed assets | 21/28 | €15,405 | €14,775 | -€630 | -4.1% |
| Tangible fixed assets | 22/27 | €15,405 | €14,775 | -€630 | -4.1% |
| Land and buildings | 22 | €15,405 | €14,775 | -€630 | -4.1% |
| Current assets | 29/58 | €124,783 | €116,559 | -€8,224 | -6.6% |
| Amounts receivable within one year | 40/41 | €3,847 | €3,873 | +€26 | +0.7% |
| Other amounts receivable | 41 | €3,847 | €3,873 | +€26 | +0.7% |
| Current investments | 50/53 | €101,000 | - | -€101,000 | |
| Cash at bank and in hand | 54/58 | €19,936 | €112,656 | +€92,720 | +465.1% |
| Deferred charges and accrued income | 490/1 | - | €30 | +€30 | |
| Total equity and liabilities | 10/49 | €140,188 | €131,334 | -€8,854 | -6.3% |
| Equity | 10/15 | €140,188 | €129,943 | -€10,245 | -7.3% |
| Contributions | 10/11 | €61,973 | €61,973 | -€0 | 0.0% |
| Capital | 10 | €61,973 | €61,973 | -€0 | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | -€0 | 0.0% |
| Reserves | 13 | €47,856 | €47,857 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,198 | +€1 | 0.0% |
| Legal reserve | 130 | €6,197 | €6,198 | +€1 | 0.0% |
| Distributable reserves | 133 | €41,659 | €41,659 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €30,358 | €20,113 | -€10,245 | -33.7% |
| Amounts payable | 17/49 | - | €1,391 | +€1,391 | |
| Amounts payable within one year | 42/48 | - | €1,391 | +€1,391 | |
| Trade debts | 44 | - | €554 | +€554 | |
| Suppliers | 440/4 | - | €554 | +€554 | |
| Taxes, remuneration and social security | 45 | - | €735 | +€735 | |
| Taxes | 450/3 | - | €735 | +€735 | |
| Other amounts payable | 47/48 | - | €102 | +€102 | |
| Turnover | 70 | €45,618 | - | -€45,618 | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,004 | - | -€3,004 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €630 | €630 | = | 0.0% |
| Other operating charges | 640/8 | €7,406 | €8,373 | +€967 | +13.1% |
| Gross operating margin | 9900 | €42,614 | -€2,377 | -€44,991 | |
| Operating profit (loss) | 9901 | €34,579 | -€11,380 | -€45,959 | |
| Financial income | 75/76B | - | €1,681 | +€1,681 | |
| Recurring financial income | 75 | - | €1,681 | +€1,681 | |
| Financial charges | 65/66B | €71 | €68 | -€3 | -4.2% |
| Recurring financial charges | 65 | €71 | €68 | -€3 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €34,508 | -€9,767 | -€44,275 | |
| Income taxes | 67/77 | €8,278 | €478 | -€7,800 | -94.2% |
| Profit (loss) for the period | 9904 | €26,230 | -€10,245 | -€36,475 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,230 | -€10,245 | -€36,475 |
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 2 October 2026 via checked.be.