CA MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets +€146,714
up €146,714 (+851%), from €17,233 to €163,947
of which Other tangible fixed assets: +€144,662
- Cash -€75,586
down €75,586 (-44.8%), from €168,645 to €93,059
mainly Investment in fixed assets (net) (-€158,662) and Contributions, distributions and other (-€66,000)
- Receivables within one year +€20,000
new in 2025: €20,000
- Other debts +€49,345
up €49,345 (+517%), from €9,542 to €58,887
- Tax, wage and social debts +€29,278
up €29,278 (+85.5%), from €34,247 to €63,526
of which Taxes: +€25,033
- Trade debts +€19,896
up €19,896 (+466%), from €4,267 to €24,163
- Profit (loss) carried forward -€7,672
down €7,672 (-11.5%), from €66,834 to €59,161
- Gross operating margin -€11,045
down €11,045 (-10.8%), from €101,933 to €90,888
- Depreciation +€5,228
up €5,228 (+77.8%), from €6,720 to €11,948
- Taxes -€5,077
down €5,077 (-20.9%), from €24,310 to €19,233
- Other operating charges -€3,039
down €3,039 (-73.1%), from €4,157 to €1,118
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 | €214,690 | €305,537 | +€90,846 | +42.3% |
| Fixed assets | 21/28 | €42,983 | €189,697 | +€146,714 | +341% |
| Tangible fixed assets | 22/27 | €17,233 | €163,947 | +€146,714 | +851% |
| Furniture and vehicles | 24 | €17,233 | €19,286 | +€2,053 | +11.9% |
| Other tangible fixed assets | 26 | - | €144,662 | +€144,662 | |
| Financial fixed assets | 28 | €25,750 | €25,750 | = | 0.0% |
| Current assets | 29/58 | €171,707 | €115,839 | -€55,868 | -32.5% |
| Amounts receivable within one year | 40/41 | - | €20,000 | +€20,000 | |
| Trade receivables | 40 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €168,645 | €93,059 | -€75,586 | -44.8% |
| Deferred charges and accrued income | 490/1 | €3,062 | €2,780 | -€282 | -9.2% |
| Total equity and liabilities | 10/49 | €214,690 | €305,537 | +€90,846 | +42.3% |
| Equity | 10/15 | €166,634 | €158,961 | -€7,672 | -4.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €89,800 | €89,800 | = | 0.0% |
| Distributable reserves | 133 | €89,800 | €89,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,834 | €59,161 | -€7,672 | -11.5% |
| Amounts payable | 17/49 | €48,056 | €146,575 | +€98,519 | +205% |
| Amounts payable within one year | 42/48 | €48,056 | €146,575 | +€98,519 | +205% |
| Trade debts | 44 | €4,267 | €24,163 | +€19,896 | +466% |
| Suppliers | 440/4 | €4,267 | €24,163 | +€19,896 | +466% |
| Taxes, remuneration and social security | 45 | €34,247 | €63,526 | +€29,278 | +85.5% |
| Taxes | 450/3 | €34,247 | €59,280 | +€25,033 | +73.1% |
| Remuneration and social security | 454/9 | - | €4,245 | +€4,245 | |
| Other amounts payable | 47/48 | €9,542 | €58,887 | +€49,345 | +517% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,720 | €11,948 | +€5,228 | +77.8% |
| Other operating charges | 640/8 | €4,157 | €1,118 | -€3,039 | -73.1% |
| Gross operating margin | 9900 | €101,933 | €90,888 | -€11,045 | -10.8% |
| Operating profit (loss) | 9901 | €91,057 | €77,823 | -€13,235 | -14.5% |
| Financial income | 75/76B | €446 | - | -€446 | |
| Recurring financial income | 75 | €446 | - | -€446 | |
| Financial charges | 65/66B | €360 | €262 | -€98 | -27.2% |
| Recurring financial charges | 65 | €360 | €262 | -€98 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €91,144 | €77,560 | -€13,583 | -14.9% |
| Income taxes | 67/77 | €24,310 | €19,233 | -€5,077 | -20.9% |
| Profit (loss) for the period | 9904 | €66,834 | €58,328 | -€8,506 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,834 | €58,328 | -€8,506 | -12.7% |
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 31 October 2026 via checked.be.