Caela: 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.
Caela
Largest movements
- Financial fixed assets +€157,500
new in 2025: €157,500
- Current investments +€10,000
new in 2025: €10,000
- Cash -€6,317
down €6,317 (-19.0%), from €33,313 to €26,996
mainly Investment in fixed assets (net) (-€160,500) and Current investments (-€10,000)
- Debts after one year +€140,947
new in 2025: €140,947
of which Other amounts payable: +€82,500
- Current portion of long-term debt +€10,024
new in 2025: €10,024
- Trade debts +€4,862
up €4,862 (+3038931.3%), from €0 to €4,862
- Other debts +€2,605
up €2,605 (+11.4%), from €22,786 to €25,391
- Financial charges +€2,547
up €2,547 (+106.1%), from €2,400 to €4,946
- Gross operating margin -€1,788
down €1,788 (-10.7%), from €16,769 to €14,981
- Depreciation +€1,286
up €1,286 (+47.0%), from €2,737 to €4,023
- Taxes +€657
up €657 (+24.3%), from €2,701 to €3,359
- Financial income +€210
up €210 (+26978.2%), from €1 to €211
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 | €50,811 | €211,259 | +€160,447 | +315.8% |
| Fixed assets | 21/28 | €16,084 | €172,561 | +€156,477 | +972.9% |
| Tangible fixed assets | 22/27 | €16,084 | €15,061 | -€1,023 | -6.4% |
| Furniture and vehicles | 24 | €12,391 | €9,200 | -€3,191 | -25.8% |
| Other tangible fixed assets | 26 | €3,693 | €5,861 | +€2,168 | +58.7% |
| Financial fixed assets | 28 | - | €157,500 | +€157,500 | |
| Current assets | 29/58 | €34,728 | €38,698 | +€3,970 | +11.4% |
| Amounts receivable within one year | 40/41 | - | €66 | +€66 | |
| Other amounts receivable | 41 | - | €66 | +€66 | |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €33,313 | €26,996 | -€6,317 | -19.0% |
| Deferred charges and accrued income | 490/1 | €1,414 | €1,636 | +€222 | +15.7% |
| Total equity and liabilities | 10/49 | €50,811 | €211,259 | +€160,447 | +315.8% |
| Equity | 10/15 | €17,164 | €18,311 | +€1,147 | +6.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €7,164 | €8,311 | +€1,147 | +16.0% |
| Distributable reserves | 133 | €7,164 | €8,311 | +€1,147 | +16.0% |
| Amounts payable | 17/49 | €33,647 | €192,948 | +€159,301 | +473.4% |
| Amounts payable after more than one year | 17 | - | €140,947 | +€140,947 | |
| Financial debts | 170/4 | - | €58,447 | +€58,447 | |
| Other amounts payable | 178/9 | - | €82,500 | +€82,500 | |
| Amounts payable within one year | 42/48 | €32,785 | €49,703 | +€16,918 | +51.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,024 | +€10,024 | |
| Trade debts | 44 | €0 | €4,862 | +€4,862 | +3038931.3% |
| Suppliers | 440/4 | €0 | €4,862 | +€4,862 | +3038931.3% |
| Taxes, remuneration and social security | 45 | €9,998 | €9,425 | -€573 | -5.7% |
| Taxes | 450/3 | €9,998 | €9,425 | -€573 | -5.7% |
| Other amounts payable | 47/48 | €22,786 | €25,391 | +€2,605 | +11.4% |
| Accrued charges and deferred income | 492/3 | €862 | €2,297 | +€1,435 | +166.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,737 | €4,023 | +€1,286 | +47.0% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €16,769 | €14,981 | -€1,788 | -10.7% |
| Operating profit (loss) | 9901 | €13,982 | €10,958 | -€3,024 | -21.6% |
| Financial income | 75/76B | €1 | €211 | +€210 | +26978.2% |
| Recurring financial income | 75 | €1 | €211 | +€210 | +26978.2% |
| Financial charges | 65/66B | €2,400 | €4,946 | +€2,547 | +106.1% |
| Recurring financial charges | 65 | €2,400 | €4,946 | +€2,547 | +106.1% |
| Profit (loss) for the period before taxes | 9903 | €11,584 | €6,223 | -€5,360 | -46.3% |
| Income taxes | 67/77 | €2,701 | €3,359 | +€657 | +24.3% |
| Profit (loss) for the period | 9904 | €8,882 | €2,865 | -€6,017 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,882 | €2,865 | -€6,017 | -67.7% |
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 9 October 2026 via checked.be.