CAERUS VISION: 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 VISION
Largest movements
- Cash +€105,337
up €105,337 (+208.4%), from €50,554 to €155,891
mainly Debts after one year (+€198,500) and Net result for the year (+€79,204)
- Receivables within one year +€71,750
up €71,750 (+286.3%), from €25,059 to €96,810
of which Trade receivables: +€86,860
- Stocks and contracts +€66,668
up €66,668 (+25.3%), from €263,490 to €330,159
of which Stocks: +€66,668
- Tangible fixed assets -€43,178
down €43,178 (-79.4%), from €54,364 to €11,186
of which Plant, machinery and equipment: -€38,592
- Intangible fixed assets -€7,883
down €7,883 (-8.8%), from €89,632 to €81,749
- Debts after one year +€198,500
up €198,500 (+198.5%), from €100,000 to €298,500
- Other debts -€123,794
down €123,794 (-96.1%), from €128,804 to €5,011
- Profit (loss) carried forward +€79,204
up €79,204 (+37.1%), from -€213,562 to -€134,358
- Tax, wage and social debts +€36,603
up €36,603 (+13023.1%), from €281 to €36,884
- Depreciation -€14,402
down €14,402 (-16.8%), from €85,927 to €71,524
- Gross operating margin +€6,122
up €6,122 (+4.2%), from €146,936 to €153,058
- Financial charges -€5,492
down €5,492 (-61.0%), from €9,009 to €3,517
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 | €488,556 | €682,603 | +€194,047 | +39.7% |
| Fixed assets | 21/28 | €146,351 | €95,291 | -€51,061 | -34.9% |
| Intangible fixed assets | 21 | €89,632 | €81,749 | -€7,883 | -8.8% |
| Tangible fixed assets | 22/27 | €54,364 | €11,186 | -€43,178 | -79.4% |
| Land and buildings | 22 | €10,069 | €0 | -€10,069 | -100.0% |
| Plant, machinery and equipment | 23 | €43,222 | €4,629 | -€38,592 | -89.3% |
| Furniture and vehicles | 24 | €1,073 | €323 | -€750 | -69.9% |
| Other tangible fixed assets | 26 | - | €6,234 | +€6,234 | |
| Financial fixed assets | 28 | €2,356 | €2,356 | = | 0.0% |
| Current assets | 29/58 | €342,204 | €587,313 | +€245,108 | +71.6% |
| Stocks and contracts in progress | 3 | €263,490 | €330,159 | +€66,668 | +25.3% |
| Stocks | 30/36 | €263,490 | €330,159 | +€66,668 | +25.3% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €25,059 | €96,810 | +€71,750 | +286.3% |
| Trade receivables | 40 | €9,950 | €96,810 | +€86,860 | +873.0% |
| Other amounts receivable | 41 | €15,109 | €0 | -€15,109 | -100.0% |
| Cash at bank and in hand | 54/58 | €50,554 | €155,891 | +€105,337 | +208.4% |
| Deferred charges and accrued income | 490/1 | €3,101 | €4,454 | +€1,353 | +43.6% |
| Total equity and liabilities | 10/49 | €488,556 | €682,603 | +€194,047 | +39.7% |
| Equity | 10/15 | €86,438 | €165,642 | +€79,204 | +91.6% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€213,562 | -€134,358 | +€79,204 | +37.1% |
| Amounts payable | 17/49 | €402,118 | €516,961 | +€114,843 | +28.6% |
| Amounts payable after more than one year | 17 | €100,000 | €298,500 | +€198,500 | +198.5% |
| Other amounts payable | 178/9 | €100,000 | €298,500 | +€198,500 | +198.5% |
| Amounts payable within one year | 42/48 | €302,118 | €215,461 | -€86,657 | -28.7% |
| Financial debts | 43 | €926 | €0 | -€926 | -100.0% |
| Credit institutions | 430/8 | €926 | €0 | -€926 | -100.0% |
| Trade debts | 44 | €172,107 | €173,567 | +€1,460 | +0.8% |
| Suppliers | 440/4 | €172,107 | €173,567 | +€1,460 | +0.8% |
| Taxes, remuneration and social security | 45 | €281 | €36,884 | +€36,603 | +13023.1% |
| Taxes | 450/3 | €281 | €36,884 | +€36,603 | +13023.1% |
| Other amounts payable | 47/48 | €128,804 | €5,011 | -€123,794 | -96.1% |
| Accrued charges and deferred income | 492/3 | €0 | €3,000 | +€3,000 | |
| Non-recurring operating income | 76A | €165,117 | €0 | -€165,117 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,927 | €71,524 | -€14,402 | -16.8% |
| Other operating charges | 640/8 | €921 | €677 | -€244 | -26.5% |
| Non-recurring operating charges | 66A | €18,130 | €0 | -€18,130 | -100.0% |
| Gross operating margin | 9900 | €146,936 | €153,058 | +€6,122 | +4.2% |
| Operating profit (loss) | 9901 | €41,958 | €80,856 | +€38,898 | +92.7% |
| Financial income | 75/76B | €1,705 | €1,865 | +€160 | +9.4% |
| Recurring financial income | 75 | €1,705 | €1,865 | +€160 | +9.4% |
| Financial charges | 65/66B | €9,009 | €3,517 | -€5,492 | -61.0% |
| Recurring financial charges | 65 | €9,009 | €3,517 | -€5,492 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | €34,654 | €79,204 | +€44,550 | +128.6% |
| Profit (loss) for the period | 9904 | €34,654 | €79,204 | +€44,550 | +128.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,654 | €79,204 | +€44,550 | +128.6% |
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 3 October 2026 via checked.be.