C.A.E.: 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.E.
Largest movements
- Cash -€29,219
down €29,219 (-58.3%), from €50,119 to €20,900
mainly Current investments (-€18,036) and Stocks and contracts (-€13,408)
- Current investments +€18,036
up €18,036 (+44.9%), from €40,188 to €58,224
- Stocks and contracts +€13,408
up €13,408 (+114%), from €11,792 to €25,200
of which Contracts in progress: +€13,408
- Tangible fixed assets -€9,826
down €9,826 (-23.3%), from €42,181 to €32,355
of which Leasing and similar rights: -€10,570
- Receivables within one year -€2,379
down €2,379 (-10.5%), from €22,652 to €20,273
- Reserves +€13,493
up €13,493 (+16.0%), from €84,250 to €97,743
- Debts after one year -€9,417
down €9,417 (-100%), from €9,417 to €0
- Trade debts -€7,537
down €7,537 (-60.5%), from €12,462 to €4,925
- Tax, wage and social debts -€4,962
down €4,962 (-16.0%), from €31,016 to €26,055
- Current portion of long-term debt -€4,477
down €4,477 (-32.2%), from €13,894 to €9,417
- Taxes +€2,404
up €2,404 (+25.2%), from €9,534 to €11,938
- Depreciation -€1,624
down €1,624 (-12.4%), from €13,128 to €11,504
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 | €169,588 | €159,663 | -€9,925 | -5.9% |
| Fixed assets | 21/28 | €42,181 | €32,355 | -€9,826 | -23.3% |
| Tangible fixed assets | 22/27 | €42,181 | €32,355 | -€9,826 | -23.3% |
| Plant, machinery and equipment | 23 | €1,371 | €2,407 | +€1,036 | +75.6% |
| Furniture and vehicles | 24 | €357 | €65 | -€292 | -81.9% |
| Leasing and similar rights | 25 | €39,413 | €28,843 | -€10,570 | -26.8% |
| Other tangible fixed assets | 26 | €1,040 | €1,040 | = | 0.0% |
| Current assets | 29/58 | €127,407 | €127,308 | -€99 | -0.1% |
| Stocks and contracts in progress | 3 | €11,792 | €25,200 | +€13,408 | +114% |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €11,792 | €25,200 | +€13,408 | +114% |
| Amounts receivable within one year | 40/41 | €22,652 | €20,273 | -€2,379 | -10.5% |
| Trade receivables | 40 | €22,652 | €20,273 | -€2,379 | -10.5% |
| Current investments | 50/53 | €40,188 | €58,224 | +€18,036 | +44.9% |
| Cash at bank and in hand | 54/58 | €50,119 | €20,900 | -€29,219 | -58.3% |
| Deferred charges and accrued income | 490/1 | €2,656 | €2,712 | +€56 | +2.1% |
| Total equity and liabilities | 10/49 | €169,588 | €159,663 | -€9,925 | -5.9% |
| Equity | 10/15 | €98,530 | €112,023 | +€13,493 | +13.7% |
| Contributions | 10/11 | €14,280 | €14,280 | = | 0.0% |
| Reserves | 13 | €84,250 | €97,743 | +€13,493 | +16.0% |
| Distributable reserves | 133 | €84,250 | €97,743 | +€13,493 | +16.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,059 | €47,640 | -€23,418 | -33.0% |
| Amounts payable after more than one year | 17 | €9,417 | €0 | -€9,417 | -100% |
| Financial debts | 170/4 | €9,417 | €0 | -€9,417 | -100% |
| Amounts payable within one year | 42/48 | €61,642 | €47,640 | -€14,001 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €13,894 | €9,417 | -€4,477 | -32.2% |
| Financial debts | 43 | €1,438 | €0 | -€1,438 | -100% |
| Credit institutions | 430/8 | €1,438 | €0 | -€1,438 | -100% |
| Trade debts | 44 | €12,462 | €4,925 | -€7,537 | -60.5% |
| Suppliers | 440/4 | €12,462 | €4,925 | -€7,537 | -60.5% |
| Taxes, remuneration and social security | 45 | €31,016 | €26,055 | -€4,962 | -16.0% |
| Taxes | 450/3 | €31,016 | €26,055 | -€4,962 | -16.0% |
| Other amounts payable | 47/48 | €2,830 | €7,243 | +€4,413 | +156% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,128 | €11,504 | -€1,624 | -12.4% |
| Other operating charges | 640/8 | €2,697 | €2,686 | -€11 | -0.4% |
| Gross operating margin | 9900 | €41,602 | €41,503 | -€98 | -0.2% |
| Operating profit (loss) | 9901 | €25,776 | €27,313 | +€1,537 | +6.0% |
| Financial income | 75/76B | €793 | €1,136 | +€343 | +43.2% |
| Recurring financial income | 75 | €793 | €1,136 | +€343 | +43.2% |
| Financial charges | 65/66B | €1,599 | €1,352 | -€247 | -15.5% |
| Recurring financial charges | 65 | €1,599 | €1,352 | -€247 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €24,970 | €27,097 | +€2,127 | +8.5% |
| Income taxes | 67/77 | €9,534 | €11,938 | +€2,404 | +25.2% |
| Profit (loss) for the period | 9904 | €15,437 | €15,159 | -€277 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,437 | €15,159 | -€277 | -1.8% |
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.