CACHET: 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.
CACHET
Largest movements
- Receivables within one year -€32,676
down €32,676 (-29.2%), from €111,854 to €79,179
of which Other amounts receivable: -€52,457
- Receivables after one year -€26,000
no longer reported in 2025 (was €26,000)
- Tangible fixed assets +€15,941
up €15,941 (+79.2%), from €20,130 to €36,071
of which Plant, machinery and equipment: +€18,347
- Cash -€14,226
down €14,226 (-41.5%), from €34,246 to €20,020
mainly Contributions, distributions and other (-€113,800) and Debts after one year (-€30,114)
- Stocks and contracts -€4,450
down €4,450 (-41.0%), from €10,858 to €6,408
- Reserves -€66,000
down €66,000 (-65.4%), from €100,860 to €34,860
of which Distributable reserves: -€66,000
- Debts after one year -€30,114
down €30,114 (-60.2%), from €50,000 to €19,886
- Trade debts +€18,247
up €18,247 (+135.9%), from €13,429 to €31,676
- Current portion of long-term debt +€11,714
up €11,714 (+240.0%), from €4,881 to €16,595
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Gross operating margin +€27,152
up €27,152 (+17.9%), from €151,709 to €178,861
- Taxes +€8,983
up €8,983 (+85.1%), from €10,555 to €19,539
- Depreciation +€6,217
up €6,217 (+82.8%), from €7,511 to €13,728
- Staff costs +€6,000
up €6,000 (+7.4%), from €80,843 to €86,843
- Other operating charges -€2,744
down €2,744 (-52.8%), from €5,192 to €2,448
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 | €216,834 | €154,636 | -€62,197 | -28.7% |
| Fixed assets | 21/28 | €33,875 | €47,731 | +€13,856 | +40.9% |
| Tangible fixed assets | 22/27 | €20,130 | €36,071 | +€15,941 | +79.2% |
| Plant, machinery and equipment | 23 | €9,923 | €28,270 | +€18,347 | +184.9% |
| Furniture and vehicles | 24 | €10,207 | €7,801 | -€2,406 | -23.6% |
| Financial fixed assets | 28 | €13,745 | €11,660 | -€2,085 | -15.2% |
| Current assets | 29/58 | €182,959 | €106,905 | -€76,054 | -41.6% |
| Amounts receivable after more than one year | 29 | €26,000 | - | -€26,000 | |
| Other amounts receivable | 291 | €26,000 | - | -€26,000 | |
| Stocks and contracts in progress | 3 | €10,858 | €6,408 | -€4,450 | -41.0% |
| Stocks | 30/36 | €10,858 | €6,408 | -€4,450 | -41.0% |
| Amounts receivable within one year | 40/41 | €111,854 | €79,179 | -€32,676 | -29.2% |
| Trade receivables | 40 | €56,628 | €76,409 | +€19,781 | +34.9% |
| Other amounts receivable | 41 | €55,226 | €2,770 | -€52,457 | -95.0% |
| Cash at bank and in hand | 54/58 | €34,246 | €20,020 | -€14,226 | -41.5% |
| Deferred charges and accrued income | 490/1 | - | €1,299 | +€1,299 | |
| Total equity and liabilities | 10/49 | €216,834 | €154,636 | -€62,197 | -28.7% |
| Equity | 10/15 | €113,389 | €53,999 | -€59,390 | -52.4% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €100,860 | €34,860 | -€66,000 | -65.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €99,000 | €33,000 | -€66,000 | -66.7% |
| Profit (loss) carried forward | 14 | €129 | €539 | +€410 | +317.9% |
| Amounts payable | 17/49 | €103,445 | €100,637 | -€2,807 | -2.7% |
| Amounts payable after more than one year | 17 | €50,000 | €19,886 | -€30,114 | -60.2% |
| Financial debts | 170/4 | €50,000 | €19,886 | -€30,114 | -60.2% |
| Amounts payable within one year | 42/48 | €53,445 | €80,752 | +€27,307 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €4,881 | €16,595 | +€11,714 | +240.0% |
| Trade debts | 44 | €13,429 | €31,676 | +€18,247 | +135.9% |
| Suppliers | 440/4 | €13,429 | €31,676 | +€18,247 | +135.9% |
| Advances received on contracts in progress | 46 | €692 | - | -€692 | |
| Taxes, remuneration and social security | 45 | €28,443 | €31,253 | +€2,810 | +9.9% |
| Taxes | 450/3 | €20,466 | €21,604 | +€1,138 | +5.6% |
| Remuneration and social security | 454/9 | €7,977 | €9,649 | +€1,672 | +21.0% |
| Other amounts payable | 47/48 | €6,000 | €1,228 | -€4,772 | -79.5% |
| Remuneration, social security and pensions | 62 | €80,843 | €86,843 | +€6,000 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,511 | €13,728 | +€6,217 | +82.8% |
| Other operating charges | 640/8 | €5,192 | €2,448 | -€2,744 | -52.8% |
| Gross operating margin | 9900 | €151,709 | €178,861 | +€27,152 | +17.9% |
| Operating profit (loss) | 9901 | €58,163 | €75,842 | +€17,679 | +30.4% |
| Financial income | 75/76B | €6 | €5 | -€2 | -24.4% |
| Recurring financial income | 75 | €6 | €5 | -€2 | -24.4% |
| Financial charges | 65/66B | €2,394 | €1,898 | -€496 | -20.7% |
| Recurring financial charges | 65 | €2,394 | €1,898 | -€496 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €55,776 | €73,949 | +€18,173 | +32.6% |
| Income taxes | 67/77 | €10,555 | €19,539 | +€8,983 | +85.1% |
| Profit (loss) for the period | 9904 | €45,221 | €54,410 | +€9,189 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,221 | €54,410 | +€9,189 | +20.3% |
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 2 October 2026 via checked.be.