C.A.K.E: 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.K.E
Largest movements
- Receivables within one year +€21,669
up €21,669 (+785.9%), from €2,757 to €24,426
of which Trade receivables: +€13,962
- Current investments -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Tangible fixed assets -€16,124
down €16,124 (-27.0%), from €59,781 to €43,656
of which Leasing and similar rights: -€13,800
- Cash +€15,477
up €15,477 (+103.5%), from €14,948 to €30,424
mainly Net result for the year (+€33,282) and Current investments (+€20,000)
- Other debts +€16,168
up €16,168 (+63.7%), from €25,376 to €41,544
- Debts after one year -€13,960
down €13,960 (-50.6%), from €27,596 to €13,635
- Reserves -€5,910
down €5,910 (-100.0%), from €5,910 to €0
- Tax, wage and social debts +€4,377
up €4,377 (+20.4%), from €21,489 to €25,865
of which Taxes: +€4,377
- Trade debts -€3,713
down €3,713 (-100.0%), from €3,713 to €0
- Gross operating margin +€31,510
up €31,510 (+85.9%), from €36,681 to €68,191
- Taxes +€8,011
up €8,011 (+171.8%), from €4,662 to €12,673
- Other operating charges -€2,514
down €2,514 (-41.0%), from €6,132 to €3,619
- Financial charges -€892
down €892 (-36.2%), from €2,462 to €1,570
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 | €100,391 | €101,583 | +€1,192 | +1.2% |
| Fixed assets | 21/28 | €59,781 | €43,656 | -€16,124 | -27.0% |
| Tangible fixed assets | 22/27 | €59,781 | €43,656 | -€16,124 | -27.0% |
| Plant, machinery and equipment | 23 | €505 | €976 | +€471 | +93.3% |
| Furniture and vehicles | 24 | €2,127 | €1,377 | -€750 | -35.3% |
| Leasing and similar rights | 25 | €38,413 | €24,613 | -€13,800 | -35.9% |
| Other tangible fixed assets | 26 | €18,736 | €16,691 | -€2,046 | -10.9% |
| Current assets | 29/58 | €40,610 | €57,926 | +€17,317 | +42.6% |
| Amounts receivable within one year | 40/41 | €2,757 | €24,426 | +€21,669 | +785.9% |
| Trade receivables | 40 | €2,729 | €16,690 | +€13,962 | +511.7% |
| Other amounts receivable | 41 | €29 | €7,735 | +€7,707 | +27040.8% |
| Current investments | 50/53 | €20,000 | €0 | -€20,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,948 | €30,424 | +€15,477 | +103.5% |
| Deferred charges and accrued income | 490/1 | €2,905 | €3,076 | +€171 | +5.9% |
| Total equity and liabilities | 10/49 | €100,391 | €101,583 | +€1,192 | +1.2% |
| Equity | 10/15 | €7,910 | €2,000 | -€5,910 | -74.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,910 | €0 | -€5,910 | -100.0% |
| Distributable reserves | 133 | €5,910 | €0 | -€5,910 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €92,481 | €99,583 | +€7,102 | +7.7% |
| Amounts payable after more than one year | 17 | €27,596 | €13,635 | -€13,960 | -50.6% |
| Financial debts | 170/4 | €27,596 | €13,635 | -€13,960 | -50.6% |
| Amounts payable within one year | 42/48 | €64,885 | €85,948 | +€21,063 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €13,367 | €13,960 | +€593 | +4.4% |
| Financial debts | 43 | €940 | €4,578 | +€3,638 | +386.9% |
| Credit institutions | 430/8 | €940 | €4,578 | +€3,638 | +386.9% |
| Trade debts | 44 | €3,713 | €0 | -€3,713 | -100.0% |
| Suppliers | 440/4 | €3,713 | €0 | -€3,713 | -100.0% |
| Taxes, remuneration and social security | 45 | €21,489 | €25,865 | +€4,377 | +20.4% |
| Taxes | 450/3 | €18,989 | €23,365 | +€4,377 | +23.0% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €25,376 | €41,544 | +€16,168 | +63.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,834 | €17,279 | -€554 | -3.1% |
| Other operating charges | 640/8 | €6,132 | €3,619 | -€2,514 | -41.0% |
| Gross operating margin | 9900 | €36,681 | €68,191 | +€31,510 | +85.9% |
| Operating profit (loss) | 9901 | €12,715 | €47,293 | +€34,578 | +272.0% |
| Financial income | 75/76B | €7 | €232 | +€225 | +3218.7% |
| Recurring financial income | 75 | €7 | €232 | +€225 | +3218.7% |
| Financial charges | 65/66B | €2,462 | €1,570 | -€892 | -36.2% |
| Recurring financial charges | 65 | €2,462 | €1,570 | -€892 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €10,259 | €45,955 | +€35,696 | +347.9% |
| Income taxes | 67/77 | €4,662 | €12,673 | +€8,011 | +171.8% |
| Profit (loss) for the period | 9904 | €5,597 | €33,282 | +€27,685 | +494.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,597 | €33,282 | +€27,685 | +494.6% |
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 30 September 2026 via checked.be.