Ca'Elle: 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.
Ca'Elle
Largest movements
- Receivables within one year +€168,264
up €168,264 (+70.8%), from €237,736 to €406,000
of which Other amounts receivable: +€166,945
- Cash -€154,794
down €154,794 (-66.5%), from €232,827 to €78,033
mainly Other debts (-€202,727) and Receivables within one year (-€168,264)
- Tangible fixed assets -€105,134
down €105,134 (-12.8%), from €821,632 to €716,498
of which Furniture and vehicles: -€56,903
- Other debts -€202,727
down €202,727 (-91.9%), from €220,615 to €17,889
- Reserves +€174,716
up €174,716 (+41.3%), from €423,322 to €598,038
- Debts after one year -€68,041
down €68,041 (-13.6%), from €500,765 to €432,724
- Tax, wage and social debts +€27,244
up €27,244 (+121.2%), from €22,481 to €49,725
- Depreciation +€42,106
up €42,106 (+62.7%), from €67,121 to €109,226
- Gross operating margin -€19,795
down €19,795 (-5.1%), from €385,022 to €365,227
- Taxes -€16,316
down €16,316 (-22.1%), from €73,832 to €57,516
- Financial income -€4,843
down €4,843 (-100.0%), from €4,845 to €2
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 | €1,329,703 | €1,250,499 | -€79,204 | -6.0% |
| Fixed assets | 21/28 | €821,657 | €716,498 | -€105,159 | -12.8% |
| Tangible fixed assets | 22/27 | €821,632 | €716,498 | -€105,134 | -12.8% |
| Plant, machinery and equipment | 23 | €12,510 | €8,760 | -€3,750 | -30.0% |
| Furniture and vehicles | 24 | €326,897 | €269,994 | -€56,903 | -17.4% |
| Other tangible fixed assets | 26 | €482,224 | €437,744 | -€44,480 | -9.2% |
| Financial fixed assets | 28 | €25 | - | -€25 | |
| Current assets | 29/58 | €508,046 | €534,001 | +€25,955 | +5.1% |
| Stocks and contracts in progress | 3 | €30,519 | €42,327 | +€11,808 | +38.7% |
| Stocks | 30/36 | €30,519 | €42,327 | +€11,808 | +38.7% |
| Amounts receivable within one year | 40/41 | €237,736 | €406,000 | +€168,264 | +70.8% |
| Trade receivables | 40 | €229,681 | €231,000 | +€1,319 | +0.6% |
| Other amounts receivable | 41 | €8,055 | €175,000 | +€166,945 | +2072.5% |
| Cash at bank and in hand | 54/58 | €232,827 | €78,033 | -€154,794 | -66.5% |
| Deferred charges and accrued income | 490/1 | €6,964 | €7,641 | +€677 | +9.7% |
| Total equity and liabilities | 10/49 | €1,329,703 | €1,250,499 | -€79,204 | -6.0% |
| Equity | 10/15 | €441,922 | €616,638 | +€174,716 | +39.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €423,322 | €598,038 | +€174,716 | +41.3% |
| Distributable reserves | 133 | €423,322 | €598,038 | +€174,716 | +41.3% |
| Amounts payable | 17/49 | €887,781 | €633,861 | -€253,920 | -28.6% |
| Amounts payable after more than one year | 17 | €500,765 | €432,724 | -€68,041 | -13.6% |
| Financial debts | 170/4 | €500,765 | €432,724 | -€68,041 | -13.6% |
| Amounts payable within one year | 42/48 | €378,532 | €201,137 | -€177,395 | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €70,616 | €73,618 | +€3,002 | +4.3% |
| Trade debts | 44 | €64,819 | €59,906 | -€4,914 | -7.6% |
| Suppliers | 440/4 | €64,819 | €59,906 | -€4,914 | -7.6% |
| Taxes, remuneration and social security | 45 | €22,481 | €49,725 | +€27,244 | +121.2% |
| Taxes | 450/3 | €22,481 | €49,725 | +€27,244 | +121.2% |
| Other amounts payable | 47/48 | €220,615 | €17,889 | -€202,727 | -91.9% |
| Accrued charges and deferred income | 492/3 | €8,485 | - | -€8,485 | |
| Non-recurring operating income | 76A | €11,059 | - | -€11,059 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,121 | €109,226 | +€42,106 | +62.7% |
| Other operating charges | 640/8 | €877 | €1,825 | +€947 | +108.0% |
| Gross operating margin | 9900 | €385,022 | €365,227 | -€19,795 | -5.1% |
| Operating profit (loss) | 9901 | €317,024 | €254,176 | -€62,848 | -19.8% |
| Financial income | 75/76B | €4,845 | €2 | -€4,843 | -100.0% |
| Recurring financial income | 75 | €4,845 | €2 | -€4,843 | -100.0% |
| Financial charges | 65/66B | €23,848 | €21,947 | -€1,901 | -8.0% |
| Recurring financial charges | 65 | €23,848 | €21,947 | -€1,901 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €298,022 | €232,232 | -€65,790 | -22.1% |
| Income taxes | 67/77 | €73,832 | €57,516 | -€16,316 | -22.1% |
| Profit (loss) for the period | 9904 | €224,190 | €174,716 | -€49,474 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €224,190 | €174,716 | -€49,474 | -22.1% |
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 11 October 2026 via checked.be.