Caeman: 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.
Caeman
Largest movements
- Cash +€219,212
up €219,212 (+97.4%), from €225,154 to €444,366
mainly Net result for the year (+€224,689) and Current portion of long-term debt (+€95,701)
- Receivables within one year +€98,622
up €98,622 (+36.6%), from €269,295 to €367,917
- Tangible fixed assets -€41,450
down €41,450 (-5.1%), from €805,554 to €764,104
of which Land and buildings: -€39,405
- Reserves +€178,689
up €178,689 (+67.9%), from €263,108 to €441,797
- Current portion of long-term debt +€95,701
up €95,701 (+124.0%), from €77,174 to €172,875
- Debts after one year -€78,765
down €78,765 (-11.9%), from €662,089 to €583,324
- Trade debts +€72,113
up €72,113 (+77.6%), from €92,917 to €165,030
- Tax, wage and social debts -€18,861
down €18,861 (-15.9%), from €118,990 to €100,129
of which Taxes: -€28,692
- Gross operating margin +€335,435
up €335,435 (+54.3%), from €617,735 to €953,170
- Taxes +€74,708
up €74,708 (+293.8%), from €25,429 to €100,137
- Staff costs +€46,814
up €46,814 (+12.3%), from €379,770 to €426,584
- Other operating charges +€28,301
up €28,301 (+31.3%), from €90,410 to €118,711
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 | €1,310,320 | €1,580,038 | +€269,718 | +20.6% |
| Fixed assets | 21/28 | €805,871 | €764,421 | -€41,450 | -5.1% |
| Tangible fixed assets | 22/27 | €805,554 | €764,104 | -€41,450 | -5.1% |
| Land and buildings | 22 | €788,866 | €749,461 | -€39,405 | -5.0% |
| Plant, machinery and equipment | 23 | €11,449 | €9,488 | -€1,961 | -17.1% |
| Furniture and vehicles | 24 | €5,239 | €5,155 | -€84 | -1.6% |
| Financial fixed assets | 28 | €317 | €317 | = | 0.0% |
| Current assets | 29/58 | €504,449 | €815,617 | +€311,168 | +61.7% |
| Stocks and contracts in progress | 3 | €10,000 | - | -€10,000 | |
| Contracts in progress | 37 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €269,295 | €367,917 | +€98,622 | +36.6% |
| Trade receivables | 40 | €269,295 | €367,917 | +€98,622 | +36.6% |
| Current investments | 50/53 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €225,154 | €444,366 | +€219,212 | +97.4% |
| Deferred charges and accrued income | 490/1 | - | €334 | +€334 | |
| Total equity and liabilities | 10/49 | €1,310,320 | €1,580,038 | +€269,718 | +20.6% |
| Equity | 10/15 | €281,708 | €460,397 | +€178,689 | +63.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €263,108 | €441,797 | +€178,689 | +67.9% |
| Distributable reserves | 133 | €263,108 | €441,797 | +€178,689 | +67.9% |
| Amounts payable | 17/49 | €1,028,612 | €1,119,641 | +€91,029 | +8.8% |
| Amounts payable after more than one year | 17 | €662,089 | €583,324 | -€78,765 | -11.9% |
| Financial debts | 170/4 | €662,089 | €583,324 | -€78,765 | -11.9% |
| Amounts payable within one year | 42/48 | €353,185 | €514,441 | +€161,256 | +45.7% |
| Current portion of amounts payable after more than one year | 42 | €77,174 | €172,875 | +€95,701 | +124.0% |
| Trade debts | 44 | €92,917 | €165,030 | +€72,113 | +77.6% |
| Suppliers | 440/4 | €92,917 | €165,030 | +€72,113 | +77.6% |
| Taxes, remuneration and social security | 45 | €118,990 | €100,129 | -€18,861 | -15.9% |
| Taxes | 450/3 | €62,968 | €34,276 | -€28,692 | -45.6% |
| Remuneration and social security | 454/9 | €56,022 | €65,853 | +€9,831 | +17.5% |
| Other amounts payable | 47/48 | €64,104 | €76,407 | +€12,303 | +19.2% |
| Accrued charges and deferred income | 492/3 | €13,338 | €21,876 | +€8,538 | +64.0% |
| Remuneration, social security and pensions | 62 | €379,770 | €426,584 | +€46,814 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,517 | €56,546 | +€29 | +0.1% |
| Other operating charges | 640/8 | €90,410 | €118,711 | +€28,301 | +31.3% |
| Gross operating margin | 9900 | €617,735 | €953,170 | +€335,435 | +54.3% |
| Operating profit (loss) | 9901 | €91,038 | €351,329 | +€260,291 | +285.9% |
| Financial income | 75/76B | €335 | €310 | -€25 | -7.5% |
| Recurring financial income | 75 | €335 | €310 | -€25 | -7.5% |
| Financial charges | 65/66B | €17,992 | €26,813 | +€8,821 | +49.0% |
| Recurring financial charges | 65 | €17,992 | €26,813 | +€8,821 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | €73,381 | €324,826 | +€251,445 | +342.7% |
| Income taxes | 67/77 | €25,429 | €100,137 | +€74,708 | +293.8% |
| Profit (loss) for the period | 9904 | €47,952 | €224,689 | +€176,737 | +368.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,952 | €224,689 | +€176,737 | +368.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.