CADUCEUS: 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.
CADUCEUS
Largest movements
- Receivables within one year +€13,300
up €13,300 (+124.8%), from €10,659 to €23,959
of which Trade receivables: +€9,655
- Cash +€12,648
up €12,648 (+24.1%), from €52,423 to €65,071
mainly Net result for the year (+€22,886) and Tax, wage and social debts (+€5,723)
- Tangible fixed assets +€1,229
new in 2025: €1,229
- Deferred charges and accrued income -€968
down €968 (-49.5%), from €1,956 to €988
- Profit (loss) carried forward +€22,886
up €22,886 (+59.4%), from €38,558 to €61,444
- Tax, wage and social debts +€5,723
up €5,723 (+45.4%), from €12,615 to €18,338
of which Remuneration and social security: +€5,879
- Trade debts -€2,400
down €2,400 (-49.3%), from €4,865 to €2,465
- Staff costs +€19,315
new in 2025: €19,315
- Taxes -€3,825
down €3,825 (-37.6%), from €10,180 to €6,355
- Gross operating margin -€1,437
down €1,437 (-2.7%), from €53,095 to €51,658
- Other operating charges -€1,151
down €1,151 (-94.6%), from €1,217 to €66
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 | €65,038 | €91,247 | +€26,209 | +40.3% |
| Fixed assets | 21/28 | - | €1,229 | +€1,229 | |
| Tangible fixed assets | 22/27 | - | €1,229 | +€1,229 | |
| Furniture and vehicles | 24 | - | €1,229 | +€1,229 | |
| Current assets | 29/58 | €65,038 | €90,018 | +€24,980 | +38.4% |
| Amounts receivable within one year | 40/41 | €10,659 | €23,959 | +€13,300 | +124.8% |
| Trade receivables | 40 | €10,659 | €20,314 | +€9,655 | +90.6% |
| Other amounts receivable | 41 | - | €3,645 | +€3,645 | |
| Cash at bank and in hand | 54/58 | €52,423 | €65,071 | +€12,648 | +24.1% |
| Deferred charges and accrued income | 490/1 | €1,956 | €988 | -€968 | -49.5% |
| Total equity and liabilities | 10/49 | €65,038 | €91,247 | +€26,209 | +40.3% |
| Equity | 10/15 | €47,558 | €70,444 | +€22,886 | +48.1% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,558 | €61,444 | +€22,886 | +59.4% |
| Amounts payable | 17/49 | €17,480 | €20,803 | +€3,323 | +19.0% |
| Amounts payable within one year | 42/48 | €17,480 | €20,803 | +€3,323 | +19.0% |
| Trade debts | 44 | €4,865 | €2,465 | -€2,400 | -49.3% |
| Suppliers | 440/4 | €4,865 | €2,465 | -€2,400 | -49.3% |
| Taxes, remuneration and social security | 45 | €12,615 | €18,338 | +€5,723 | +45.4% |
| Taxes | 450/3 | €12,615 | €12,459 | -€156 | -1.2% |
| Remuneration and social security | 454/9 | - | €5,879 | +€5,879 | |
| Remuneration, social security and pensions | 62 | - | €19,315 | +€19,315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €49 | +€49 | |
| Other operating charges | 640/8 | €1,217 | €66 | -€1,151 | -94.6% |
| Gross operating margin | 9900 | €53,095 | €51,658 | -€1,437 | -2.7% |
| Operating profit (loss) | 9901 | €51,878 | €32,228 | -€19,650 | -37.9% |
| Financial income | 75/76B | €68 | €58 | -€10 | -14.7% |
| Recurring financial income | 75 | €68 | €58 | -€10 | -14.7% |
| Financial charges | 65/66B | €3,208 | €3,045 | -€163 | -5.1% |
| Recurring financial charges | 65 | €3,208 | €3,045 | -€163 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €48,738 | €29,241 | -€19,497 | -40.0% |
| Income taxes | 67/77 | €10,180 | €6,355 | -€3,825 | -37.6% |
| Profit (loss) for the period | 9904 | €38,558 | €22,886 | -€15,672 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,558 | €22,886 | -€15,672 | -40.6% |
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 7 October 2026 via checked.be.