C.A.I.: 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.I.
Largest movements
- Financial fixed assets +€8.5m
up €8.5m (+8,351%), from €101,785 to €8.6m
- Receivables within one year -€8.4m
down €8.4m (-88.5%), from €9.5m to €1.1m
of which Other amounts receivable: -€8.2m
- Profit (loss) carried forward +€256,961
up €256,961 (+16.0%), from €1.6m to €1.9m
- Financial income -€236,168
down €236,168 (-48.8%), from €483,547 to €247,379
- Taxes +€159,917
up €159,917 (+173%), from €92,637 to €252,554
- Gross operating margin +€126,699
up €126,699 (+44.4%), from €285,137 to €411,836
- Other operating charges +€33,328
up €33,328 (+511%), from €6,521 to €39,849
- Depreciation +€18,895
up €18,895 (+25.4%), from €74,530 to €93,425
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 | €10,688,966 | €10,965,256 | +€276,290 | +2.6% |
| Fixed assets | 21/28 | €1,026,755 | €9,588,790 | +€8.6m | +834% |
| Tangible fixed assets | 22/27 | €924,970 | €987,000 | +€62,030 | +6.7% |
| Land and buildings | 22 | €861,810 | €804,179 | -€57,631 | -6.7% |
| Furniture and vehicles | 24 | €63,160 | €182,821 | +€119,661 | +189% |
| Financial fixed assets | 28 | €101,785 | €8,601,790 | +€8.5m | +8,351% |
| Current assets | 29/58 | €9,662,211 | €1,376,466 | -€8.3m | -85.8% |
| Amounts receivable within one year | 40/41 | €9,475,915 | €1,092,152 | -€8.4m | -88.5% |
| Trade receivables | 40 | €191,513 | €52,501 | -€139,012 | -72.6% |
| Other amounts receivable | 41 | €9,284,402 | €1,039,651 | -€8.2m | -88.8% |
| Cash at bank and in hand | 54/58 | €179,217 | €257,565 | +€78,348 | +43.7% |
| Deferred charges and accrued income | 490/1 | €7,079 | €26,749 | +€19,670 | +278% |
| Total equity and liabilities | 10/49 | €10,688,966 | €10,965,256 | +€276,290 | +2.6% |
| Equity | 10/15 | €3,678,735 | €3,935,696 | +€256,961 | +7.0% |
| Contributions | 10/11 | €19,100 | €19,100 | = | 0.0% |
| Reserves | 13 | €2,048,910 | €2,048,910 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,910 | €1,910 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,910 | €1,910 | = | 0.0% |
| Distributable reserves | 133 | €2,047,000 | €2,047,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,610,725 | €1,867,686 | +€256,961 | +16.0% |
| Amounts payable | 17/49 | €7,010,231 | €7,029,560 | +€19,329 | +0.3% |
| Amounts payable within one year | 42/48 | €6,966,730 | €6,983,960 | +€17,230 | +0.2% |
| Trade debts | 44 | €46,266 | €28,152 | -€18,114 | -39.2% |
| Suppliers | 440/4 | €46,266 | €28,152 | -€18,114 | -39.2% |
| Taxes, remuneration and social security | 45 | €145,956 | €236,406 | +€90,450 | +62.0% |
| Taxes | 450/3 | €145,956 | €236,406 | +€90,450 | +62.0% |
| Other amounts payable | 47/48 | €6,774,508 | €6,719,402 | -€55,106 | -0.8% |
| Accrued charges and deferred income | 492/3 | €43,501 | €45,600 | +€2,099 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,530 | €93,425 | +€18,895 | +25.4% |
| Other operating charges | 640/8 | €6,521 | €39,849 | +€33,328 | +511% |
| Non-recurring operating charges | 66A | €1,522 | €12,500 | +€10,978 | +721% |
| Gross operating margin | 9900 | €285,137 | €411,836 | +€126,699 | +44.4% |
| Operating profit (loss) | 9901 | €202,564 | €266,062 | +€63,498 | +31.3% |
| Financial income | 75/76B | €483,547 | €247,379 | -€236,168 | -48.8% |
| Recurring financial income | 75 | €483,547 | €247,379 | -€236,168 | -48.8% |
| Financial charges | 65/66B | €3,988 | €3,926 | -€62 | -1.6% |
| Recurring financial charges | 65 | €3,988 | €3,926 | -€62 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €682,123 | €509,515 | -€172,608 | -25.3% |
| Income taxes | 67/77 | €92,637 | €252,554 | +€159,917 | +173% |
| Profit (loss) for the period | 9904 | €589,486 | €256,961 | -€332,525 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €589,486 | €256,961 | -€332,525 | -56.4% |
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 22 October 2026 via checked.be.