CAGITO: 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.
CAGITO
Largest movements
- Tangible fixed assets -€435,706
down €435,706 (-7.5%), from €5.8m to €5.3m
of which Land and buildings: -€434,756
- Debts after one year -€333,595
down €333,595 (-7.5%), from €4.4m to €4.1m
- Short-term financial debts -€255,000
down €255,000 (-100.0%), from €255,000 to €0
- Profit (loss) carried forward +€144,791
up €144,791 (+91.3%), from -€158,660 to -€13,869
- Gross operating margin +€262,787
up €262,787 (+403.2%), from €65,172 to €327,959
- Other operating charges +€19,861
up €19,861 (+344.4%), from €5,767 to €25,628
- Depreciation -€19,521
down €19,521 (-12.8%), from €152,504 to €132,983
- Financial charges -€5,491
down €5,491 (-18.3%), from €30,048 to €24,557
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 | €5,837,122 | €5,391,288 | -€445,834 | -7.6% |
| Fixed assets | 21/28 | €5,782,743 | €5,347,037 | -€435,706 | -7.5% |
| Tangible fixed assets | 22/27 | €5,782,743 | €5,347,037 | -€435,706 | -7.5% |
| Land and buildings | 22 | €5,778,107 | €5,343,351 | -€434,756 | -7.5% |
| Furniture and vehicles | 24 | €4,636 | €3,686 | -€950 | -20.5% |
| Current assets | 29/58 | €54,379 | €44,251 | -€10,128 | -18.6% |
| Amounts receivable within one year | 40/41 | €2,008 | €0 | -€2,008 | -100.0% |
| Other amounts receivable | 41 | €2,008 | €0 | -€2,008 | -100.0% |
| Cash at bank and in hand | 54/58 | €51,572 | €44,251 | -€7,321 | -14.2% |
| Deferred charges and accrued income | 490/1 | €800 | €0 | -€800 | -100.0% |
| Total equity and liabilities | 10/49 | €5,837,122 | €5,391,288 | -€445,834 | -7.6% |
| Equity | 10/15 | -€130,298 | €14,493 | +€144,791 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,763 | €9,763 | = | 0.0% |
| Distributable reserves | 133 | €9,763 | €9,763 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,660 | -€13,869 | +€144,791 | +91.3% |
| Amounts payable | 17/49 | €5,967,420 | €5,376,794 | -€590,625 | -9.9% |
| Amounts payable after more than one year | 17 | €4,448,193 | €4,114,598 | -€333,595 | -7.5% |
| Financial debts | 170/4 | €4,448,193 | €4,114,598 | -€333,595 | -7.5% |
| Amounts payable within one year | 42/48 | €1,519,227 | €1,262,196 | -€257,030 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €32,628 | €33,595 | +€967 | +3.0% |
| Financial debts | 43 | €255,000 | €0 | -€255,000 | -100.0% |
| Credit institutions | 430/8 | €255,000 | €0 | -€255,000 | -100.0% |
| Trade debts | 44 | €2,904 | €492 | -€2,412 | -83.1% |
| Suppliers | 440/4 | €2,904 | €492 | -€2,412 | -83.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,228,694 | €1,228,109 | -€585 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,504 | €132,983 | -€19,521 | -12.8% |
| Other operating charges | 640/8 | €5,767 | €25,628 | +€19,861 | +344.4% |
| Gross operating margin | 9900 | €65,172 | €327,959 | +€262,787 | +403.2% |
| Operating profit (loss) | 9901 | -€93,099 | €169,348 | +€262,447 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €30,048 | €24,557 | -€5,491 | -18.3% |
| Recurring financial charges | 65 | €30,048 | €24,557 | -€5,491 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€123,146 | €144,791 | +€267,937 | |
| Income taxes | 67/77 | -€1,993 | €0 | +€1,993 | |
| Profit (loss) for the period | 9904 | -€121,154 | €144,791 | +€265,945 | |
| Profit (loss) for the period to be appropriated | 9905 | -€121,154 | €144,791 | +€265,945 |
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 8 October 2026 via checked.be.