CAESTECKER - RAES: 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.
CAESTECKER - RAES
Largest movements
- Tangible fixed assets +€38,245
up €38,245 (+70.9%), from €53,915 to €92,160
of which Furniture and vehicles: +€20,162
- Cash -€17,184
down €17,184 (-16.9%), from €101,916 to €84,733
mainly Investment in fixed assets (net) (-€56,214) and Contributions, distributions and other (-€17,526)
- Receivables within one year -€5,707
down €5,707 (-23.4%), from €24,358 to €18,651
of which Trade receivables: -€7,481
- Other debts +€21,781
up €21,781 (+65.6%), from €33,181 to €54,962
- Reserves -€10,727
down €10,727 (-13.3%), from €80,684 to €69,958
of which Distributable reserves: -€8,867
- Current portion of long-term debt +€3,850
up €3,850 (+46.0%), from €8,378 to €12,229
- Tax, wage and social debts -€3,457
down €3,457 (-27.4%), from €12,610 to €9,153
of which Taxes: -€6,693
- Accrued charges and deferred income +€2,200
up €2,200 (+183%), from €1,200 to €3,400
- Depreciation +€12,006
up €12,006 (+201%), from €5,963 to €17,969
- Gross operating margin -€6,090
down €6,090 (-6.7%), from €90,781 to €84,692
- Write-downs -€5,185
down €5,185, from €2,592 to -€2,592
- Other operating charges +€2,603
up €2,603 (+170%), from €1,531 to €4,134
- Financial charges +€1,777
up €1,777 (+73.0%), from €2,436 to €4,212
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 | €186,155 | €200,736 | +€14,580 | +7.8% |
| Fixed assets | 21/28 | €54,083 | €92,328 | +€38,245 | +70.7% |
| Tangible fixed assets | 22/27 | €53,915 | €92,160 | +€38,245 | +70.9% |
| Plant, machinery and equipment | 23 | €4,000 | €15,859 | +€11,860 | +297% |
| Furniture and vehicles | 24 | €46,459 | €66,622 | +€20,162 | +43.4% |
| Other tangible fixed assets | 26 | €3,455 | €9,679 | +€6,223 | +180% |
| Financial fixed assets | 28 | €168 | €168 | = | 0.0% |
| Current assets | 29/58 | €132,072 | €108,408 | -€23,665 | -17.9% |
| Stocks and contracts in progress | 3 | €1,996 | €1,996 | = | 0.0% |
| Stocks | 30/36 | €1,996 | €1,996 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,358 | €18,651 | -€5,707 | -23.4% |
| Trade receivables | 40 | €22,932 | €15,451 | -€7,481 | -32.6% |
| Other amounts receivable | 41 | €1,425 | €3,200 | +€1,775 | +124% |
| Cash at bank and in hand | 54/58 | €101,916 | €84,733 | -€17,184 | -16.9% |
| Deferred charges and accrued income | 490/1 | €3,803 | €3,028 | -€774 | -20.4% |
| Total equity and liabilities | 10/49 | €186,155 | €200,736 | +€14,580 | +7.8% |
| Equity | 10/15 | €93,084 | €82,358 | -€10,727 | -11.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €80,684 | €69,958 | -€10,727 | -13.3% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €78,824 | €69,958 | -€8,867 | -11.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €93,071 | €118,378 | +€25,307 | +27.2% |
| Amounts payable after more than one year | 17 | €22,963 | €24,259 | +€1,296 | +5.6% |
| Financial debts | 170/4 | €22,963 | €24,259 | +€1,296 | +5.6% |
| Amounts payable within one year | 42/48 | €68,908 | €90,719 | +€21,810 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €8,378 | €12,229 | +€3,850 | +46.0% |
| Trade debts | 44 | €14,740 | €14,376 | -€364 | -2.5% |
| Suppliers | 440/4 | €14,740 | €14,376 | -€364 | -2.5% |
| Taxes, remuneration and social security | 45 | €12,610 | €9,153 | -€3,457 | -27.4% |
| Taxes | 450/3 | €7,829 | €1,136 | -€6,693 | -85.5% |
| Remuneration and social security | 454/9 | €4,781 | €8,016 | +€3,235 | +67.7% |
| Other amounts payable | 47/48 | €33,181 | €54,962 | +€21,781 | +65.6% |
| Accrued charges and deferred income | 492/3 | €1,200 | €3,400 | +€2,200 | +183% |
| Remuneration, social security and pensions | 62 | €51,955 | €51,985 | +€30 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,963 | €17,969 | +€12,006 | +201% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,592 | -€2,592 | -€5,185 | |
| Other operating charges | 640/8 | €1,531 | €4,134 | +€2,603 | +170% |
| Gross operating margin | 9900 | €90,781 | €84,692 | -€6,090 | -6.7% |
| Operating profit (loss) | 9901 | €28,740 | €13,196 | -€15,544 | -54.1% |
| Financial income | 75/76B | €473 | €183 | -€290 | -61.3% |
| Recurring financial income | 75 | €473 | €183 | -€290 | -61.3% |
| Financial charges | 65/66B | €2,436 | €4,212 | +€1,777 | +73.0% |
| Recurring financial charges | 65 | €2,436 | €4,212 | +€1,777 | +73.0% |
| Profit (loss) for the period before taxes | 9903 | €26,777 | €9,166 | -€17,611 | -65.8% |
| Income taxes | 67/77 | €2,879 | €2,367 | -€512 | -17.8% |
| Profit (loss) for the period | 9904 | €23,898 | €6,799 | -€17,099 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,898 | €6,799 | -€17,099 | -71.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.