CAERUS MANAGEMENT: 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.
CAERUS MANAGEMENT
Largest movements
- Receivables within one year +€176,252
up €176,252 (+265.3%), from €66,429 to €242,681
of which Other amounts receivable: +€192,414
- Cash +€31,373
up €31,373 (+46.6%), from €67,297 to €98,670
mainly Other debts (+€336,579) and Net result for the year (+€206,589)
- Tangible fixed assets +€11,281
up €11,281 (+45.3%), from €24,904 to €36,185
of which Furniture and vehicles: +€12,919
- Other debts +€336,579
new in 2025: €336,579
- Profit (loss) carried forward -€129,990
no longer reported in 2025 (was €129,990)
- Tax, wage and social debts +€19,105
new in 2025: €19,105
- Trade debts -€5,306
down €5,306 (-51.8%), from €10,239 to €4,933
- Gross operating margin +€111,569
up €111,569 (+64.8%), from €172,131 to €283,700
- Taxes +€25,485
up €25,485 (+62.3%), from €40,904 to €66,389
- Depreciation +€7,116
up €7,116 (+193.6%), from €3,676 to €10,792
- Financial charges +€3,627
up €3,627 (+393.9%), from €921 to €4,548
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 | €158,829 | €379,217 | +€220,388 | +138.8% |
| Fixed assets | 21/28 | €25,104 | €36,385 | +€11,281 | +44.9% |
| Tangible fixed assets | 22/27 | €24,904 | €36,185 | +€11,281 | +45.3% |
| Furniture and vehicles | 24 | €15,191 | €28,110 | +€12,919 | +85.0% |
| Other tangible fixed assets | 26 | €9,713 | €8,075 | -€1,639 | -16.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €133,725 | €342,832 | +€209,107 | +156.4% |
| Amounts receivable within one year | 40/41 | €66,429 | €242,681 | +€176,252 | +265.3% |
| Trade receivables | 40 | €38,758 | €22,595 | -€16,162 | -41.7% |
| Other amounts receivable | 41 | €27,671 | €220,085 | +€192,414 | +695.4% |
| Cash at bank and in hand | 54/58 | €67,297 | €98,670 | +€31,373 | +46.6% |
| Deferred charges and accrued income | 490/1 | - | €1,482 | +€1,482 | |
| Total equity and liabilities | 10/49 | €158,829 | €379,217 | +€220,388 | +138.8% |
| Equity | 10/15 | €148,590 | €18,600 | -€129,990 | -87.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,990 | - | -€129,990 | |
| Amounts payable | 17/49 | €10,239 | €360,617 | +€350,378 | +3422.0% |
| Amounts payable within one year | 42/48 | €10,239 | €360,617 | +€350,378 | +3422.0% |
| Trade debts | 44 | €10,239 | €4,933 | -€5,306 | -51.8% |
| Suppliers | 440/4 | €10,239 | €4,933 | -€5,306 | -51.8% |
| Taxes, remuneration and social security | 45 | - | €19,105 | +€19,105 | |
| Taxes | 450/3 | - | €19,105 | +€19,105 | |
| Other amounts payable | 47/48 | - | €336,579 | +€336,579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,676 | €10,792 | +€7,116 | +193.6% |
| Other operating charges | 640/8 | €2,017 | €1,718 | -€299 | -14.8% |
| Gross operating margin | 9900 | €172,131 | €283,700 | +€111,569 | +64.8% |
| Operating profit (loss) | 9901 | €166,438 | €271,190 | +€104,752 | +62.9% |
| Financial income | 75/76B | €5,377 | €6,336 | +€959 | +17.8% |
| Recurring financial income | 75 | €5,377 | €6,336 | +€959 | +17.8% |
| Financial charges | 65/66B | €921 | €4,548 | +€3,627 | +393.9% |
| Recurring financial charges | 65 | €921 | €4,548 | +€3,627 | +393.9% |
| Profit (loss) for the period before taxes | 9903 | €170,894 | €272,978 | +€102,084 | +59.7% |
| Income taxes | 67/77 | €40,904 | €66,389 | +€25,485 | +62.3% |
| Profit (loss) for the period | 9904 | €129,990 | €206,589 | +€76,599 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €129,990 | €206,589 | +€76,599 | +58.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.