CAA: 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.
CAA
Largest movements
- Cash -€37,636
down €37,636 (-65.0%), from €57,921 to €20,285
mainly Investment in fixed assets (net) (-€43,489) and Other debts (-€28,979)
- Tangible fixed assets +€35,593
up €35,593 (+892.2%), from €3,989 to €39,582
of which Furniture and vehicles: +€33,619
- Current investments -€31,510
down €31,510 (-15.8%), from €199,510 to €168,000
- Receivables within one year +€3,139
up €3,139 (+50.3%), from €6,242 to €9,381
of which Other amounts receivable: +€3,947
- Other debts -€28,979
down €28,979 (-73.5%), from €39,402 to €10,424
- Tax, wage and social debts -€8,017
down €8,017 (-97.4%), from €8,227 to €211
- Reserves +€5,633
up €5,633 (+2.8%), from €202,976 to €208,609
of which Distributable reserves: +€5,633
- Gross operating margin -€30,398
down €30,398 (-58.6%), from €51,904 to €21,506
- Taxes -€11,218
down €11,218 (-62.6%), from €17,933 to €6,715
- Depreciation +€6,467
up €6,467 (+452.3%), from €1,430 to €7,896
- Financial charges +€2,348
up €2,348 (+1699.9%), from €138 to €2,486
- Financial income -€1,951
down €1,951 (-44.9%), from €4,351 to €2,399
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 | €269,302 | €238,149 | -€31,153 | -11.6% |
| Fixed assets | 21/28 | €3,989 | €39,582 | +€35,593 | +892.2% |
| Tangible fixed assets | 22/27 | €3,989 | €39,582 | +€35,593 | +892.2% |
| Plant, machinery and equipment | 23 | €2,594 | €4,568 | +€1,974 | +76.1% |
| Furniture and vehicles | 24 | €1,395 | €35,014 | +€33,619 | +2409.9% |
| Current assets | 29/58 | €265,313 | €198,567 | -€66,746 | -25.2% |
| Amounts receivable within one year | 40/41 | €6,242 | €9,381 | +€3,139 | +50.3% |
| Trade receivables | 40 | €6,242 | €5,434 | -€809 | -13.0% |
| Other amounts receivable | 41 | €0 | €3,947 | +€3,947 | |
| Current investments | 50/53 | €199,510 | €168,000 | -€31,510 | -15.8% |
| Cash at bank and in hand | 54/58 | €57,921 | €20,285 | -€37,636 | -65.0% |
| Deferred charges and accrued income | 490/1 | €1,640 | €901 | -€739 | -45.1% |
| Total equity and liabilities | 10/49 | €269,302 | €238,149 | -€31,153 | -11.6% |
| Equity | 10/15 | €221,576 | €227,209 | +€5,633 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €202,976 | €208,609 | +€5,633 | +2.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €202,976 | €208,609 | +€5,633 | +2.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €47,726 | €10,940 | -€36,786 | -77.1% |
| Amounts payable within one year | 42/48 | €47,726 | €10,940 | -€36,786 | -77.1% |
| Trade debts | 44 | €96 | €306 | +€209 | +216.9% |
| Suppliers | 440/4 | €96 | €306 | +€209 | +216.9% |
| Taxes, remuneration and social security | 45 | €8,227 | €211 | -€8,017 | -97.4% |
| Taxes | 450/3 | €8,227 | €211 | -€8,017 | -97.4% |
| Other amounts payable | 47/48 | €39,402 | €10,424 | -€28,979 | -73.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1,950 | +€1,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,430 | €7,896 | +€6,467 | +452.3% |
| Other operating charges | 640/8 | €303 | €1,175 | +€872 | +288.0% |
| Gross operating margin | 9900 | €51,904 | €21,506 | -€30,398 | -58.6% |
| Operating profit (loss) | 9901 | €50,172 | €12,435 | -€37,737 | -75.2% |
| Financial income | 75/76B | €4,351 | €2,399 | -€1,951 | -44.9% |
| Recurring financial income | 75 | €4,351 | €2,399 | -€1,951 | -44.9% |
| Financial charges | 65/66B | €138 | €2,486 | +€2,348 | +1699.9% |
| Recurring financial charges | 65 | €138 | €2,486 | +€2,348 | +1699.9% |
| Profit (loss) for the period before taxes | 9903 | €54,384 | €12,348 | -€42,036 | -77.3% |
| Income taxes | 67/77 | €17,933 | €6,715 | -€11,218 | -62.6% |
| Profit (loss) for the period | 9904 | €36,451 | €5,633 | -€30,818 | -84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,451 | €5,633 | -€30,818 | -84.5% |
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 4 October 2026 via checked.be.