Caethoven Wegenbouw: what changed
What changed
Caethoven Wegenbouw
NACE 42.110, Construction of roads and motorways
filed annual accounts (NBB)
Net result for the year
€11,939
2024 · €145,321-€133,382
Equity
€85,553
2024 · €85,553
Cash
€75,000
2024 · €925,128-€850,128
Balance sheet total
€584,656
2024 · €1.1m-€473,825
Largest movements
Assets
- Cash -€850,128
down €850,128 (-91.9%), from €925,128 to €75,000
mainly Trade debts (-€608,336) and Stocks and contracts (-€280,250)
- Stocks and contracts +€280,250
up €280,250 (+705%), from €39,750 to €320,000
of which Contracts in progress: +€320,000
- Receivables within one year +€102,688
up €102,688 (+133%), from €77,292 to €179,981
of which Trade receivables: +€122,938
Equity and liabilities
- Trade debts -€608,336
down €608,336 (-95.9%), from €634,307 to €25,970
- Other debts +€165,350
up €165,350 (+53.9%), from €306,764 to €472,114
- Tax, wage and social debts -€30,839
down €30,839 (-96.8%), from €31,857 to €1,019
of which Taxes: -€31,504
Income statement
- Gross operating margin -€128,090
down €128,090 (-66.9%), from €191,401 to €63,311
- Staff costs +€7,267
up €7,267 (+20.9%), from €34,829 to €42,096
- Taxes -€2,469
down €2,469 (-87.5%), from €2,823 to €354
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
€145,321
Gross operating margin
-€128,090
Staff costs
-€7,267
Depreciation
+€474
Other operating charges
-€983
Financial income
+€1,143
Financial charges
-€1,127
Taxes
+€2,469
Result 2025
€11,939
raises the resultlowers the result
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
-€838,189
Investment
€0
Financing
-€11,939
Cash 2024
€925,128
From operations (derived)
-€838,189
Net result for the year
+€11,939
Depreciation
+€6,635
Stocks and contracts
-€280,250
Receivables within one year
-€102,688
Trade debts
-€608,336
Tax, wage and social debts
-€30,839
Other debts
+€165,350
Financing
-€11,939
Contributions, distributions and other
-€11,939
Cash 2025
€75,000
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,058,481 | €584,656 | -€473,825 | -44.8% |
| Fixed assets | 21/28 | €16,311 | €9,676 | -€6,635 | -40.7% |
| Intangible fixed assets | 21 | €4,539 | €3,279 | -€1,260 | -27.8% |
| Tangible fixed assets | 22/27 | €11,771 | €6,396 | -€5,375 | -45.7% |
| Plant, machinery and equipment | 23 | €8,498 | €5,381 | -€3,117 | -36.7% |
| Furniture and vehicles | 24 | €3,273 | €1,015 | -€2,258 | -69.0% |
| Current assets | 29/58 | €1,042,170 | €574,981 | -€467,190 | -44.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €39,750 | €320,000 | +€280,250 | +705% |
| Stocks | 30/36 | €39,750 | €0 | -€39,750 | -100% |
| Contracts in progress | 37 | €0 | €320,000 | +€320,000 | |
| Amounts receivable within one year | 40/41 | €77,292 | €179,981 | +€102,688 | +133% |
| Trade receivables | 40 | €45,540 | €168,478 | +€122,938 | +270% |
| Other amounts receivable | 41 | €31,753 | €11,503 | -€20,250 | -63.8% |
| Cash at bank and in hand | 54/58 | €925,128 | €75,000 | -€850,128 | -91.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,058,481 | €584,656 | -€473,825 | -44.8% |
| Equity | 10/15 | €85,553 | €85,553 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €65,553 | €65,553 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €63,553 | €63,553 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €972,928 | €499,104 | -€473,825 | -48.7% |
| Amounts payable within one year | 42/48 | €972,928 | €499,104 | -€473,825 | -48.7% |
| Trade debts | 44 | €634,307 | €25,970 | -€608,336 | -95.9% |
| Suppliers | 440/4 | €634,307 | €25,970 | -€608,336 | -95.9% |
| Taxes, remuneration and social security | 45 | €31,857 | €1,019 | -€30,839 | -96.8% |
| Taxes | 450/3 | €31,857 | €354 | -€31,504 | -98.9% |
| Remuneration and social security | 454/9 | €0 | €665 | +€665 | |
| Other amounts payable | 47/48 | €306,764 | €472,114 | +€165,350 | +53.9% |
| Remuneration, social security and pensions | 62 | €34,829 | €42,096 | +€7,267 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,109 | €6,635 | -€474 | -6.7% |
| Other operating charges | 640/8 | €2,720 | €3,703 | +€983 | +36.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €191,401 | €63,311 | -€128,090 | -66.9% |
| Operating profit (loss) | 9901 | €146,743 | €10,877 | -€135,866 | -92.6% |
| Financial income | 75/76B | €3,160 | €4,302 | +€1,143 | +36.2% |
| Recurring financial income | 75 | €3,160 | €4,302 | +€1,143 | +36.2% |
| Financial charges | 65/66B | €1,760 | €2,887 | +€1,127 | +64.1% |
| Recurring financial charges | 65 | €1,760 | €2,887 | +€1,127 | +64.1% |
| Profit (loss) for the period before taxes | 9903 | €148,143 | €12,292 | -€135,851 | -91.7% |
| Income taxes | 67/77 | €2,823 | €354 | -€2,469 | -87.5% |
| Profit (loss) for the period | 9904 | €145,321 | €11,939 | -€133,382 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €145,321 | €11,939 | -€133,382 | -91.8% |
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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 2 November 2026 via checked.be.