CAE TRAINING & SERVICES BRUSSELS: 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.
What changed
CAE TRAINING & SERVICES BRUSSELS
NACE 85.532, Education
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€8.9m
2025 · €1.0m-€10.0m
Equity
-€7.4m
2025 · €1.5m-€8.9m
Cash
€1.6m
2025 · €1.3m+€324,467
Balance sheet total
€10.2m
2025 · €8.3m+€1.9m
Largest movements
Assets
- Receivables within one year +€1.6m
up €1.6m (+41.9%), from €3.9m to €5.5m
of which Trade receivables: +€2.1m
- Cash +€324,467
up €324,467 (+25.3%), from €1.3m to €1.6m
mainly Provisions (+€7.0m) and Accrued charges and deferred income (+€2.6m)
Equity and liabilities
- Profit (loss) carried forward -€8.9m
down €8.9m (-181%), from -€4.9m to -€13.8m
- Provisions +€7.0m
up €7.0m (+1,581%), from €444,485 to €7.5m
- Accrued charges and deferred income +€2.6m
up €2.6m (+75.0%), from €3.5m to €6.2m
- Tax, wage and social debts +€550,057
up €550,057 (+166%), from €331,271 to €881,328
of which Remuneration and social security: +€557,381
- Advances received +€514,173
up €514,173 (+1,483%), from €34,666 to €548,839
Income statement
- Staff costs +€1.2m
up €1.2m (+79.1%), from €1.5m to €2.6m
- Depreciation +€490,860
up €490,860 (+56.8%), from €863,898 to €1.4m
- Provisions -€444,485
no longer reported in 2026 (was €444,485)
- Other operating income -€431,497
down €431,497 (-66.3%), from €650,827 to €219,330
- Turnover +€386,416
up €386,416 (+4.3%), from €9.0m to €9.4m
From the 2025 result to the 2026 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.
Result 2025
€1.0m
Turnover
+€386,416
Other operating income
-€431,497
Services and other goods
-€209,672
Staff costs
-€1.2m
Depreciation
-€490,860
Provisions
+€444,485
Other operating charges
-€12,301
Other operating items
-€8.3m
Financial income
+€7,069
Financial charges
-€218,615
Taxes
+€2,692
Result 2026
-€8.9m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.2m
Investment
-€1.3m
Financing
+€418,805
Cash 2025
€1.3m
From operations (derived)
+€1.2m
Net result for the year
-€8.9m
Depreciation
+€1.4m
Receivables within one year
-€1.6m
Deferred charges and accrued income
-€35,508
Provisions
+€7.0m
Trade debts
-€320,227
Tax, wage and social debts
+€550,057
Advances received
+€514,173
Accrued charges and deferred income
+€2.6m
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€418,805
Current portion of long-term debt
+€391,880
Contributions, distributions and other
+€26,925
Cash 2026
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,298,520 | €10,219,092 | +€1.9m | +23.1% |
| Fixed assets | 21/28 | €2,695,296 | €2,618,075 | -€77,221 | -2.9% |
| Tangible fixed assets | 22/27 | €2,695,296 | €2,618,075 | -€77,221 | -2.9% |
| Plant, machinery and equipment | 23 | €2,350,419 | €2,437,788 | +€87,369 | +3.7% |
| Furniture and vehicles | 24 | €41,240 | €180,287 | +€139,047 | +337% |
| Other tangible fixed assets | 26 | €300,266 | - | -€300,266 | |
| Assets under construction and advance payments | 27 | €3,371 | - | -€3,371 | |
| Current assets | 29/58 | €5,603,224 | €7,601,017 | +€2.0m | +35.7% |
| Amounts receivable within one year | 40/41 | €3,906,933 | €5,544,751 | +€1.6m | +41.9% |
| Trade receivables | 40 | €3,382,096 | €5,469,782 | +€2.1m | +61.7% |
| Other amounts receivable | 41 | €524,837 | €74,969 | -€449,868 | -85.7% |
| Cash at bank and in hand | 54/58 | €1,283,015 | €1,607,482 | +€324,467 | +25.3% |
| Deferred charges and accrued income | 490/1 | €413,276 | €448,784 | +€35,508 | +8.6% |
| Total equity and liabilities | 10/49 | €8,298,520 | €10,219,092 | +€1.9m | +23.1% |
| Equity | 10/15 | €1,501,122 | -€7,379,545 | -€8.9m | |
| Contributions | 10/11 | €5,752,236 | €5,779,161 | +€26,925 | +0.5% |
| Capital | 10 | €1,852,237 | €1,879,162 | +€26,925 | +1.5% |
| Issued capital | 100 | €1,852,237 | €1,879,162 | +€26,925 | +1.5% |
| Contributions outside capital | 11 | €3,899,999 | €3,899,999 | = | 0.0% |
| Share premium | 1100/10 | €3,899,999 | €3,899,999 | = | 0.0% |
| Reserves | 13 | €671,771 | €671,771 | = | 0.0% |
| Non-distributable reserves | 130/1 | €671,771 | €671,771 | = | 0.0% |
| Legal reserve | 130 | €671,771 | €671,771 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,922,885 | -€13,830,477 | -€8.9m | -181% |
| Provisions and deferred taxes | 16 | €444,485 | €7,473,335 | +€7.0m | +1,581% |
| Provisions for liabilities and charges | 160/5 | €444,485 | €7,473,335 | +€7.0m | +1,581% |
| Other liabilities and charges | 164/5 | €444,485 | €7,473,335 | +€7.0m | +1,581% |
| Amounts payable | 17/49 | €6,352,913 | €10,125,302 | +€3.8m | +59.4% |
| Amounts payable within one year | 42/48 | €2,837,538 | €3,973,421 | +€1.1m | +40.0% |
| Current portion of amounts payable after more than one year | 42 | - | €391,880 | +€391,880 | |
| Trade debts | 44 | €2,471,601 | €2,151,374 | -€320,227 | -13.0% |
| Suppliers | 440/4 | €2,471,601 | €2,151,374 | -€320,227 | -13.0% |
| Advances received on contracts in progress | 46 | €34,666 | €548,839 | +€514,173 | +1,483% |
| Taxes, remuneration and social security | 45 | €331,271 | €881,328 | +€550,057 | +166% |
| Taxes | 450/3 | €7,324 | - | -€7,324 | |
| Remuneration and social security | 454/9 | €323,947 | €881,328 | +€557,381 | +172% |
| Accrued charges and deferred income | 492/3 | €3,515,375 | €6,151,881 | +€2.6m | +75.0% |
| Operating income | 70/76A | €10,105,083 | €9,615,517 | -€489,566 | -4.8% |
| Turnover | 70 | €9,009,771 | €9,396,187 | +€386,416 | +4.3% |
| Other operating income | 74 | €650,827 | €219,330 | -€431,497 | -66.3% |
| Non-recurring operating income | 76A | €444,485 | - | -€444,485 | |
| Operating charges | 60/66A | €9,190,929 | €18,446,717 | +€9.3m | +101% |
| Services and other goods | 61 | €6,328,042 | €6,537,714 | +€209,672 | +3.3% |
| Remuneration, social security and pensions | 62 | €1,464,845 | €2,624,146 | +€1.2m | +79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €863,898 | €1,354,758 | +€490,860 | +56.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €444,485 | - | -€444,485 | |
| Other operating charges | 640/8 | €89,659 | €101,960 | +€12,301 | +13.7% |
| Non-recurring operating charges | 66A | - | €7,828,139 | +€7.8m | |
| Operating profit (loss) | 9901 | €914,154 | -€8,831,200 | -€9.7m | |
| Financial income | 75/76B | €178,518 | €185,587 | +€7,069 | +4.0% |
| Recurring financial income | 75 | €178,518 | €185,587 | +€7,069 | +4.0% |
| Other financial income | 752/9 | €178,518 | €185,587 | +€7,069 | +4.0% |
| Financial charges | 65/66B | €39,039 | €257,654 | +€218,615 | +560% |
| Recurring financial charges | 65 | €39,039 | €257,654 | +€218,615 | +560% |
| Debt charges | 650 | €728 | €31,357 | +€30,629 | +4,207% |
| Other financial charges | 652/9 | €38,311 | €226,297 | +€187,986 | +491% |
| Profit (loss) for the period before taxes | 9903 | €1,053,633 | -€8,903,267 | -€10.0m | |
| Income taxes | 67/77 | €7,017 | €4,325 | -€2,692 | -38.4% |
| Taxes | 670/3 | €7,017 | €4,325 | -€2,692 | -38.4% |
| Profit (loss) for the period | 9904 | €1,046,616 | -€8,907,592 | -€10.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,046,616 | -€8,907,592 | -€10.0m |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.