CAESAR: 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.
CAESAR
Largest movements
- Cash -€6,412
down €6,412 (-18.2%), from €35,146 to €28,734
mainly Tax, wage and social debts (-€68,000) and Net result for the year (-€2,232)
- Tax, wage and social debts -€68,000
down €68,000 (-100.0%), from €68,000 to €0
- Other debts +€64,040
up €64,040 (+883.4%), from €7,249 to €71,289
- Financial charges +€6,017
up €6,017 (+3060.0%), from €197 to €6,214
- Taxes -€5,732
new in 2025: -€5,732
- Financial income +€2,240
up €2,240 (+50.2%), from €4,457 to €6,697
- Other operating charges +€400
new in 2025: €400
- Gross operating margin -€165
down €165 (-2.3%), from -€7,296 to -€7,461
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 | €293,819 | €287,006 | -€6,813 | -2.3% |
| Fixed assets | 21/28 | €1,798 | €1,212 | -€585 | -32.6% |
| Tangible fixed assets | 22/27 | €1,798 | €1,212 | -€585 | -32.6% |
| Plant, machinery and equipment | 23 | €1,798 | - | -€1,798 | |
| Furniture and vehicles | 24 | - | €1,212 | +€1,212 | |
| Current assets | 29/58 | €292,021 | €285,794 | -€6,227 | -2.1% |
| Amounts receivable within one year | 40/41 | €2,418 | €3,822 | +€1,404 | +58.1% |
| Trade receivables | 40 | €1,199 | €1,199 | = | 0.0% |
| Other amounts receivable | 41 | €1,218 | €2,623 | +€1,404 | +115.2% |
| Current investments | 50/53 | €254,457 | €253,207 | -€1,251 | -0.5% |
| Cash at bank and in hand | 54/58 | €35,146 | €28,734 | -€6,412 | -18.2% |
| Deferred charges and accrued income | 490/1 | - | €31 | +€31 | |
| Total equity and liabilities | 10/49 | €293,819 | €287,006 | -€6,813 | -2.3% |
| Equity | 10/15 | €217,406 | €215,174 | -€2,232 | -1.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,406 | €195,174 | -€2,232 | -1.1% |
| Amounts payable | 17/49 | €76,412 | €71,832 | -€4,581 | -6.0% |
| Amounts payable within one year | 42/48 | €76,412 | €71,832 | -€4,581 | -6.0% |
| Trade debts | 44 | €1,163 | €542 | -€621 | -53.4% |
| Suppliers | 440/4 | €1,163 | €542 | -€621 | -53.4% |
| Taxes, remuneration and social security | 45 | €68,000 | €0 | -€68,000 | -100.0% |
| Taxes | 450/3 | €68,000 | €0 | -€68,000 | -100.0% |
| Other amounts payable | 47/48 | €7,249 | €71,289 | +€64,040 | +883.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €632 | €585 | -€47 | -7.4% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€7,296 | -€7,461 | -€165 | -2.3% |
| Operating profit (loss) | 9901 | -€7,928 | -€8,446 | -€518 | -6.5% |
| Financial income | 75/76B | €4,457 | €6,697 | +€2,240 | +50.2% |
| Recurring financial income | 75 | €4,457 | €6,697 | +€2,240 | +50.2% |
| Financial charges | 65/66B | €197 | €6,214 | +€6,017 | +3060.0% |
| Recurring financial charges | 65 | €197 | €6,214 | +€6,017 | +3060.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,668 | -€7,963 | -€4,295 | -117.1% |
| Income taxes | 67/77 | - | -€5,732 | -€5,732 | |
| Profit (loss) for the period | 9904 | -€3,668 | -€2,232 | +€1,436 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,668 | -€2,232 | +€1,436 | +39.2% |
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 9 October 2026 via checked.be.