Caen Express: 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.
Caen Express
Largest movements
- Receivables within one year -€46,863
down €46,863 (-36.7%), from €127,762 to €80,899
of which Trade receivables: -€55,526
- Tangible fixed assets -€29,390
down €29,390 (-40.5%), from €72,542 to €43,152
of which Furniture and vehicles: -€15,985
- Cash +€6,311
up €6,311 (+222%), from €2,843 to €9,154
mainly Receivables within one year (+€46,863) and Depreciation (+€18,857)
- Intangible fixed assets -€4,127
down €4,127 (-100%), from €4,127 to €0
- Deferred charges and accrued income -€3,359
down €3,359 (-31.2%), from €10,754 to €7,396
- Short-term financial debts -€49,631
down €49,631 (-100%), from €49,631 to €0
- Reserves -€17,560
down €17,560 (-30.6%), from €57,299 to €39,739
- Trade debts -€7,993
down €7,993 (-29.7%), from €26,874 to €18,881
- Debts after one year -€5,725
down €5,725 (-12.5%), from €45,961 to €40,235
- Current portion of long-term debt +€4,066
up €4,066 (+12.1%), from €33,646 to €37,712
- Depreciation -€9,122
down €9,122 (-32.6%), from €27,979 to €18,857
- Gross operating margin -€5,777
down €5,777 (-14.4%), from €40,044 to €34,267
- Financial charges -€4,322
down €4,322 (-34.3%), from €12,587 to €8,264
- Other operating charges +€3,974
up €3,974 (+93.5%), from €4,250 to €8,224
- Staff costs -€1,644
down €1,644 (-100%), from €1,644 to €0
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.
Derived cash bridge
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 | €218,028 | €140,601 | -€77,427 | -35.5% |
| Fixed assets | 21/28 | €76,669 | €43,152 | -€33,516 | -43.7% |
| Intangible fixed assets | 21 | €4,127 | €0 | -€4,127 | -100% |
| Tangible fixed assets | 22/27 | €72,542 | €43,152 | -€29,390 | -40.5% |
| Plant, machinery and equipment | 23 | €3,619 | €1,092 | -€2,528 | -69.8% |
| Furniture and vehicles | 24 | €20,538 | €4,554 | -€15,985 | -77.8% |
| Leasing and similar rights | 25 | €48,384 | €37,507 | -€10,878 | -22.5% |
| Current assets | 29/58 | €141,359 | €97,449 | -€43,910 | -31.1% |
| Amounts receivable within one year | 40/41 | €127,762 | €80,899 | -€46,863 | -36.7% |
| Trade receivables | 40 | €127,680 | €72,154 | -€55,526 | -43.5% |
| Other amounts receivable | 41 | €82 | €8,745 | +€8,662 | +10,555% |
| Cash at bank and in hand | 54/58 | €2,843 | €9,154 | +€6,311 | +222% |
| Deferred charges and accrued income | 490/1 | €10,754 | €7,396 | -€3,359 | -31.2% |
| Total equity and liabilities | 10/49 | €218,028 | €140,601 | -€77,427 | -35.5% |
| Equity | 10/15 | €57,399 | €39,839 | -€17,560 | -30.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €57,299 | €39,739 | -€17,560 | -30.6% |
| Distributable reserves | 133 | €57,299 | €39,739 | -€17,560 | -30.6% |
| Amounts payable | 17/49 | €160,628 | €100,762 | -€59,867 | -37.3% |
| Amounts payable after more than one year | 17 | €45,961 | €40,235 | -€5,725 | -12.5% |
| Financial debts | 170/4 | €45,961 | €40,235 | -€5,725 | -12.5% |
| Amounts payable within one year | 42/48 | €114,668 | €60,526 | -€54,141 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €33,646 | €37,712 | +€4,066 | +12.1% |
| Financial debts | 43 | €49,631 | €0 | -€49,631 | -100% |
| Credit institutions | 430/8 | €49,631 | €0 | -€49,631 | -100% |
| Trade debts | 44 | €26,874 | €18,881 | -€7,993 | -29.7% |
| Suppliers | 440/4 | €26,874 | €18,881 | -€7,993 | -29.7% |
| Taxes, remuneration and social security | 45 | €1,816 | €3,017 | +€1,201 | +66.1% |
| Taxes | 450/3 | €1,816 | €3,017 | +€1,201 | +66.1% |
| Other amounts payable | 47/48 | €2,701 | €916 | -€1,785 | -66.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,644 | €0 | -€1,644 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,979 | €18,857 | -€9,122 | -32.6% |
| Other operating charges | 640/8 | €4,250 | €8,224 | +€3,974 | +93.5% |
| Non-recurring operating charges | 66A | - | €16,482 | +€16,482 | |
| Gross operating margin | 9900 | €40,044 | €34,267 | -€5,777 | -14.4% |
| Operating profit (loss) | 9901 | €6,171 | -€9,296 | -€15,466 | |
| Financial income | 75/76B | €31 | €0 | -€31 | -99.9% |
| Recurring financial income | 75 | €31 | €0 | -€31 | -99.9% |
| Financial charges | 65/66B | €12,587 | €8,264 | -€4,322 | -34.3% |
| Recurring financial charges | 65 | €12,587 | €8,264 | -€4,322 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,385 | -€17,560 | -€11,175 | -175% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,385 | -€17,560 | -€11,175 | -175% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,385 | -€17,560 | -€11,175 | -175% |
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 30 October 2026 via checked.be.