CAENEN VASTGOED: what changed
What changed
CAENEN VASTGOED
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€84,746
2024 · €68,121+€16,626
Equity
€534,935
2024 · €550,189-€15,254
Cash
€679,117
2024 · €522,832+€156,285
Balance sheet total
€822,222
2024 · €922,896-€100,674
Largest movements
Assets
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Cash +€156,285
up €156,285 (+29.9%), from €522,832 to €679,117
mainly Current investments (+€300,000) and Net result for the year (+€84,746)
- Receivables within one year +€71,060
up €71,060 (+322%), from €22,076 to €93,136
of which Other amounts receivable: +€66,919
- Tangible fixed assets -€25,676
down €25,676 (-35.4%), from €72,618 to €46,941
of which Other tangible fixed assets: -€27,813
Equity and liabilities
- Other debts -€104,026
down €104,026 (-47.0%), from €221,353 to €117,327
- Advances received +€55,559
new in 2025: €55,559
- Trade debts -€31,329
down €31,329 (-40.4%), from €77,607 to €46,277
- Reserves -€15,254
down €15,254 (-3.1%), from €488,189 to €472,935
of which Distributable reserves: -€15,254
Income statement
- Gross operating margin +€49,257
up €49,257 (+10.4%), from €475,708 to €524,965
- Staff costs +€30,498
up €30,498 (+9.2%), from €332,905 to €363,402
- Financial income -€6,777
down €6,777 (-63.9%), from €10,609 to €3,832
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€68,121
Gross operating margin
+€49,257
Staff costs
-€30,498
Depreciation
+€291
Other operating charges
+€270
Other operating items
+€3,683
Financial income
-€6,777
Financial charges
-€552
Taxes
+€951
Result 2025
€84,746
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€36,344
Investment
+€292,630
Financing
-€100,000
Cash 2024
€522,832
From operations (derived)
-€36,344
Net result for the year
+€84,746
Depreciation
+€33,047
Receivables within one year
-€71,060
Deferred charges and accrued income
+€2,344
Trade debts
-€31,329
Tax, wage and social debts
-€5,819
Advances received
+€55,559
Other debts
-€104,026
Accrued charges and deferred income
+€196
Investment (derived)
+€292,630
Investment in fixed assets (net)
-€7,370
Current investments
+€300,000
Financing
-€100,000
Contributions, distributions and other
-€100,000
Cash 2025
€679,117
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €922,896 | €822,222 | -€100,674 | -10.9% |
| Fixed assets | 21/28 | €72,852 | €47,176 | -€25,676 | -35.2% |
| Tangible fixed assets | 22/27 | €72,618 | €46,941 | -€25,676 | -35.4% |
| Plant, machinery and equipment | 23 | €4,460 | €7,725 | +€3,265 | +73.2% |
| Furniture and vehicles | 24 | €7,911 | €6,782 | -€1,129 | -14.3% |
| Other tangible fixed assets | 26 | €60,247 | €32,434 | -€27,813 | -46.2% |
| Financial fixed assets | 28 | €234 | €234 | = | 0.0% |
| Current assets | 29/58 | €850,044 | €775,046 | -€74,998 | -8.8% |
| Amounts receivable within one year | 40/41 | €22,076 | €93,136 | +€71,060 | +322% |
| Trade receivables | 40 | €13,470 | €17,612 | +€4,141 | +30.7% |
| Other amounts receivable | 41 | €8,606 | €75,525 | +€66,919 | +778% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €522,832 | €679,117 | +€156,285 | +29.9% |
| Deferred charges and accrued income | 490/1 | €5,137 | €2,793 | -€2,344 | -45.6% |
| Total equity and liabilities | 10/49 | €922,896 | €822,222 | -€100,674 | -10.9% |
| Equity | 10/15 | €550,189 | €534,935 | -€15,254 | -2.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €488,189 | €472,935 | -€15,254 | -3.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €463,239 | €447,985 | -€15,254 | -3.3% |
| Amounts payable | 17/49 | €372,708 | €287,287 | -€85,421 | -22.9% |
| Amounts payable within one year | 42/48 | €372,708 | €287,091 | -€85,616 | -23.0% |
| Trade debts | 44 | €77,607 | €46,277 | -€31,329 | -40.4% |
| Suppliers | 440/4 | €77,607 | €46,277 | -€31,329 | -40.4% |
| Advances received on contracts in progress | 46 | - | €55,559 | +€55,559 | |
| Taxes, remuneration and social security | 45 | €73,748 | €67,929 | -€5,819 | -7.9% |
| Taxes | 450/3 | €34,990 | €21,283 | -€13,707 | -39.2% |
| Remuneration and social security | 454/9 | €38,758 | €46,645 | +€7,887 | +20.3% |
| Other amounts payable | 47/48 | €221,353 | €117,327 | -€104,026 | -47.0% |
| Accrued charges and deferred income | 492/3 | - | €196 | +€196 | |
| Remuneration, social security and pensions | 62 | €332,905 | €363,402 | +€30,498 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,338 | €33,047 | -€291 | -0.9% |
| Other operating charges | 640/8 | €14,118 | €13,847 | -€270 | -1.9% |
| Non-recurring operating charges | 66A | €3,683 | - | -€3,683 | |
| Gross operating margin | 9900 | €475,708 | €524,965 | +€49,257 | +10.4% |
| Operating profit (loss) | 9901 | €91,664 | €114,668 | +€23,004 | +25.1% |
| Financial income | 75/76B | €10,609 | €3,832 | -€6,777 | -63.9% |
| Recurring financial income | 75 | €10,609 | €3,832 | -€6,777 | -63.9% |
| Financial charges | 65/66B | €1,210 | €1,762 | +€552 | +45.6% |
| Recurring financial charges | 65 | €1,210 | €1,762 | +€552 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | €101,063 | €116,738 | +€15,675 | +15.5% |
| Income taxes | 67/77 | €32,943 | €31,992 | -€951 | -2.9% |
| Profit (loss) for the period | 9904 | €68,121 | €84,746 | +€16,626 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,121 | €84,746 | +€16,626 | +24.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.