CAGDAS: 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.
CAGDAS
Largest movements
- Stocks and contracts +€31,426
up €31,426 (+194.1%), from €16,192 to €47,617
- Cash +€16,186
up €16,186 (+25.6%), from €63,118 to €79,304
mainly Trade debts (+€44,417) and Net result for the year (+€17,577)
- Receivables within one year +€6,568
up €6,568 (+7.4%), from €88,814 to €95,382
of which Trade receivables: +€10,888
- Trade debts +€44,417
up €44,417 (+29.3%), from €151,794 to €196,212
- Reserves +€17,577
up €17,577 (+945.0%), from €1,860 to €19,437
of which Distributable reserves: +€17,577
- Debts after one year -€4,389
down €4,389 (-49.2%), from €8,914 to €4,525
- Current portion of long-term debt -€3,800
down €3,800 (-46.4%), from €8,188 to €4,389
- Tax, wage and social debts +€3,750
up €3,750 (+8.3%), from €45,260 to €49,010
of which Remuneration and social security: +€3,402
- Staff costs +€47,216
up €47,216 (+51.2%), from €92,209 to €139,425
- Depreciation -€43,043
no longer reported in 2024 (was €43,043)
- Purchases and services -€15,665
down €15,665 (-1.8%), from €859,844 to €844,179
- Gross operating margin +€7,970
up €7,970 (+4.2%), from €187,601 to €195,571
- Other operating charges -€4,147
down €4,147 (-23.8%), from €17,391 to €13,244
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €296,091 | €353,646 | +€57,556 | +19.4% |
| Fixed assets | 21/28 | €127,967 | €131,343 | +€3,375 | +2.6% |
| Tangible fixed assets | 22/27 | €101,317 | €104,693 | +€3,375 | +3.3% |
| Plant, machinery and equipment | 23 | €17,476 | €33,565 | +€16,089 | +92.1% |
| Furniture and vehicles | 24 | €42,824 | €30,111 | -€12,714 | -29.7% |
| Other tangible fixed assets | 26 | €41,017 | €41,017 | = | 0.0% |
| Financial fixed assets | 28 | €26,650 | €26,650 | = | 0.0% |
| Current assets | 29/58 | €168,123 | €222,303 | +€54,180 | +32.2% |
| Stocks and contracts in progress | 3 | €16,192 | €47,617 | +€31,426 | +194.1% |
| Stocks | 30/36 | €16,192 | €47,617 | +€31,426 | +194.1% |
| Amounts receivable within one year | 40/41 | €88,814 | €95,382 | +€6,568 | +7.4% |
| Trade receivables | 40 | €4 | €10,892 | +€10,888 | +272187.5% |
| Other amounts receivable | 41 | €88,810 | €84,491 | -€4,319 | -4.9% |
| Cash at bank and in hand | 54/58 | €63,118 | €79,304 | +€16,186 | +25.6% |
| Total equity and liabilities | 10/49 | €296,091 | €353,646 | +€57,556 | +19.4% |
| Equity | 10/15 | €81,934 | €99,510 | +€17,577 | +21.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €19,437 | +€17,577 | +945.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €17,577 | +€17,577 | |
| Profit (loss) carried forward | 14 | €73,874 | €73,874 | = | 0.0% |
| Amounts payable | 17/49 | €214,157 | €254,136 | +€39,979 | +18.7% |
| Amounts payable after more than one year | 17 | €8,914 | €4,525 | -€4,389 | -49.2% |
| Financial debts | 170/4 | €8,914 | €4,525 | -€4,389 | -49.2% |
| Amounts payable within one year | 42/48 | €205,243 | €249,611 | +€44,368 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €8,188 | €4,389 | -€3,800 | -46.4% |
| Trade debts | 44 | €151,794 | €196,212 | +€44,417 | +29.3% |
| Suppliers | 440/4 | €151,794 | €196,212 | +€44,417 | +29.3% |
| Taxes, remuneration and social security | 45 | €45,260 | €49,010 | +€3,750 | +8.3% |
| Taxes | 450/3 | €26,541 | €26,889 | +€348 | +1.3% |
| Remuneration and social security | 454/9 | €18,719 | €22,121 | +€3,402 | +18.2% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €859,844 | €844,179 | -€15,665 | -1.8% |
| Remuneration, social security and pensions | 62 | €92,209 | €139,425 | +€47,216 | +51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,043 | - | -€43,043 | |
| Other operating charges | 640/8 | €17,391 | €13,244 | -€4,147 | -23.8% |
| Non-recurring operating charges | 66A | €2,540 | €5,557 | +€3,017 | +118.8% |
| Gross operating margin | 9900 | €187,601 | €195,571 | +€7,970 | +4.2% |
| Operating profit (loss) | 9901 | €32,417 | €37,344 | +€4,926 | +15.2% |
| Financial income | 75/76B | €2,817 | €6,815 | +€3,999 | +142.0% |
| Recurring financial income | 75 | €2,817 | €5,716 | +€2,900 | +102.9% |
| Non-recurring financial income | 76B | - | €1,099 | +€1,099 | |
| Financial charges | 65/66B | €13,828 | €15,865 | +€2,037 | +14.7% |
| Recurring financial charges | 65 | €13,828 | €15,865 | +€2,037 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €21,406 | €28,293 | +€6,888 | +32.2% |
| Income taxes | 67/77 | €11,119 | €10,717 | -€402 | -3.6% |
| Profit (loss) for the period | 9904 | €10,286 | €17,577 | +€7,290 | +70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,286 | €17,577 | +€7,290 | +70.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.