CAE Mgt: 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.
CAE Mgt
Largest movements
- Tangible fixed assets +€255,887
up €255,887 (+54.3%), from €470,983 to €726,871
of which Other tangible fixed assets: +€305,920
- Cash +€18,377
up €18,377 (+182.8%), from €10,056 to €28,433
mainly Debts after one year (+€287,081) and Depreciation (+€58,380)
- Receivables within one year -€13,024
down €13,024 (-86.9%), from €14,995 to €1,971
- Debts after one year +€287,081
up €287,081 (+53.7%), from €534,442 to €821,523
of which Other amounts payable: +€329,774
- Profit (loss) carried forward -€23,078
down €23,078 (-23.4%), from -€98,644 to -€121,722
- Gross operating margin +€51,810
up €51,810, from -€8,431 to €43,379
- Financial charges -€619
down €619 (-11.7%), from €5,278 to €4,659
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 | €496,964 | €758,769 | +€261,805 | +52.7% |
| Fixed assets | 21/28 | €470,983 | €726,871 | +€255,887 | +54.3% |
| Tangible fixed assets | 22/27 | €470,983 | €726,871 | +€255,887 | +54.3% |
| Furniture and vehicles | 24 | €82,350 | €57,318 | -€25,033 | -30.4% |
| Leasing and similar rights | 25 | €337,500 | €312,500 | -€25,000 | -7.4% |
| Other tangible fixed assets | 26 | €51,133 | €357,053 | +€305,920 | +598.3% |
| Current assets | 29/58 | €25,981 | €31,899 | +€5,918 | +22.8% |
| Amounts receivable within one year | 40/41 | €14,995 | €1,971 | -€13,024 | -86.9% |
| Other amounts receivable | 41 | €14,995 | €1,971 | -€13,024 | -86.9% |
| Cash at bank and in hand | 54/58 | €10,056 | €28,433 | +€18,377 | +182.8% |
| Deferred charges and accrued income | 490/1 | €930 | €1,495 | +€565 | +60.7% |
| Total equity and liabilities | 10/49 | €496,964 | €758,769 | +€261,805 | +52.7% |
| Equity | 10/15 | -€86,244 | -€109,322 | -€23,078 | -26.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,644 | -€121,722 | -€23,078 | -23.4% |
| Amounts payable | 17/49 | €583,208 | €868,092 | +€284,884 | +48.8% |
| Amounts payable after more than one year | 17 | €534,442 | €821,523 | +€287,081 | +53.7% |
| Financial debts | 170/4 | €188,842 | €146,150 | -€42,692 | -22.6% |
| Other amounts payable | 178/9 | €345,599 | €675,373 | +€329,774 | +95.4% |
| Amounts payable within one year | 42/48 | €45,968 | €46,569 | +€601 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €41,991 | €42,692 | +€701 | +1.7% |
| Trade debts | 44 | €3,115 | €3,552 | +€436 | +14.0% |
| Suppliers | 440/4 | €3,115 | €3,552 | +€436 | +14.0% |
| Taxes, remuneration and social security | 45 | €862 | €325 | -€537 | -62.3% |
| Taxes | 450/3 | €862 | €325 | -€537 | -62.3% |
| Accrued charges and deferred income | 492/3 | €2,798 | - | -€2,798 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,334 | €58,380 | +€46 | +0.1% |
| Other operating charges | 640/8 | €2,744 | €2,970 | +€225 | +8.2% |
| Gross operating margin | 9900 | -€8,431 | €43,379 | +€51,810 | |
| Operating profit (loss) | 9901 | -€69,510 | -€17,971 | +€51,538 | +74.1% |
| Financial charges | 65/66B | €5,278 | €4,659 | -€619 | -11.7% |
| Recurring financial charges | 65 | €5,278 | €4,659 | -€619 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€74,787 | -€22,630 | +€52,158 | +69.7% |
| Income taxes | 67/77 | €324 | €449 | +€124 | +38.4% |
| Profit (loss) for the period | 9904 | -€75,112 | -€23,078 | +€52,033 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,112 | -€23,078 | +€52,033 | +69.3% |
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.