CAFESPELEN MARCEL: 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.
CAFESPELEN MARCEL
Largest movements
- Tangible fixed assets +€131,940
up €131,940 (+44.0%), from €299,721 to €431,661
of which Other tangible fixed assets: +€234,132
- Receivables after one year -€57,000
down €57,000 (-32.2%), from €177,194 to €120,194
- Cash +€16,509
up €16,509 (+327%), from €5,052 to €21,561
- Receivables within one year +€11,291
up €11,291 (+17.2%), from €65,564 to €76,855
of which Other amounts receivable: +€32,154
- Profit (loss) carried forward -€310,566
new in 2025: -€310,566
- Debts after one year +€236,268
up €236,268 (+420%), from €56,281 to €292,549
- Tax, wage and social debts +€214,203
up €214,203 (+209%), from €102,303 to €316,506
of which Taxes: +€216,122
- Other debts -€58,061
down €58,061 (-100%), from €58,061 to €0
- Short-term financial debts +€16,309
new in 2025: €16,309
- Other operating charges +€335,293
up €335,293 (+103%), from €324,540 to €659,833
- Gross operating margin +€177,203
up €177,203 (+25.4%), from €696,364 to €873,567
- Staff costs +€89,334
up €89,334 (+63.2%), from €141,298 to €230,632
- Financial charges +€38,928
up €38,928 (+837%), from €4,653 to €43,581
- Taxes +€32,998
up €32,998 (+51.8%), from €63,710 to €96,708
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €556,238 | €662,462 | +€106,224 | +19.1% |
| Fixed assets | 21/28 | €299,721 | €431,661 | +€131,940 | +44.0% |
| Tangible fixed assets | 22/27 | €299,721 | €431,661 | +€131,940 | +44.0% |
| Land and buildings | 22 | €15,919 | €7,002 | -€8,917 | -56.0% |
| Plant, machinery and equipment | 23 | €203,804 | €109,674 | -€94,131 | -46.2% |
| Furniture and vehicles | 24 | €5,558 | €6,413 | +€855 | +15.4% |
| Other tangible fixed assets | 26 | €74,439 | €308,572 | +€234,132 | +315% |
| Current assets | 29/58 | €256,517 | €230,801 | -€25,716 | -10.0% |
| Amounts receivable after more than one year | 29 | €177,194 | €120,194 | -€57,000 | -32.2% |
| Other amounts receivable | 291 | €177,194 | €120,194 | -€57,000 | -32.2% |
| Amounts receivable within one year | 40/41 | €65,564 | €76,855 | +€11,291 | +17.2% |
| Trade receivables | 40 | €26,249 | €5,387 | -€20,862 | -79.5% |
| Other amounts receivable | 41 | €39,315 | €71,468 | +€32,154 | +81.8% |
| Cash at bank and in hand | 54/58 | €5,052 | €21,561 | +€16,509 | +327% |
| Deferred charges and accrued income | 490/1 | €8,707 | €12,191 | +€3,484 | +40.0% |
| Total equity and liabilities | 10/49 | €556,238 | €662,462 | +€106,224 | +19.1% |
| Equity | 10/15 | €267,960 | -€42,606 | -€310,566 | |
| Contributions | 10/11 | €243,600 | €243,600 | = | 0.0% |
| Reserves | 13 | €24,360 | €24,360 | = | 0.0% |
| Distributable reserves | 133 | €24,360 | €24,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€310,566 | -€310,566 | |
| Amounts payable | 17/49 | €288,278 | €705,068 | +€416,790 | +145% |
| Amounts payable after more than one year | 17 | €56,281 | €292,549 | +€236,268 | +420% |
| Financial debts | 170/4 | €56,281 | €292,549 | +€236,268 | +420% |
| Amounts payable within one year | 42/48 | €229,650 | €405,355 | +€175,705 | +76.5% |
| Current portion of amounts payable after more than one year | 42 | €38,581 | €40,061 | +€1,479 | +3.8% |
| Financial debts | 43 | - | €16,309 | +€16,309 | |
| Credit institutions | 430/8 | - | €16,309 | +€16,309 | |
| Trade debts | 44 | €30,704 | €29,119 | -€1,585 | -5.2% |
| Suppliers | 440/4 | €30,704 | €29,119 | -€1,585 | -5.2% |
| Advances received on contracts in progress | 46 | - | €3,360 | +€3,360 | |
| Taxes, remuneration and social security | 45 | €102,303 | €316,506 | +€214,203 | +209% |
| Taxes | 450/3 | €78,305 | €294,426 | +€216,122 | +276% |
| Remuneration and social security | 454/9 | €23,998 | €22,080 | -€1,918 | -8.0% |
| Other amounts payable | 47/48 | €58,061 | €0 | -€58,061 | -100% |
| Accrued charges and deferred income | 492/3 | €2,347 | €7,164 | +€4,817 | +205% |
| Remuneration, social security and pensions | 62 | €141,298 | €230,632 | +€89,334 | +63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,273 | €171,992 | +€32,719 | +23.5% |
| Other operating charges | 640/8 | €324,540 | €659,833 | +€335,293 | +103% |
| Gross operating margin | 9900 | €696,364 | €873,567 | +€177,203 | +25.4% |
| Operating profit (loss) | 9901 | €91,252 | -€188,891 | -€280,143 | |
| Financial income | 75/76B | €1,626 | €18,615 | +€16,989 | +1,045% |
| Recurring financial income | 75 | €1,626 | €18,615 | +€16,989 | +1,045% |
| Financial charges | 65/66B | €4,653 | €43,581 | +€38,928 | +837% |
| Recurring financial charges | 65 | €4,653 | €43,581 | +€38,928 | +837% |
| Profit (loss) for the period before taxes | 9903 | €88,225 | -€213,857 | -€302,082 | |
| Income taxes | 67/77 | €63,710 | €96,708 | +€32,998 | +51.8% |
| Profit (loss) for the period | 9904 | €24,515 | -€310,566 | -€335,080 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,515 | -€310,566 | -€335,080 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.