CAGLA: 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.
CAGLA
Largest movements
- Stocks and contracts -€85,000
down €85,000 (-25.1%), from €339,285 to €254,285
- Receivables within one year +€25,640
up €25,640 (+15.8%), from €162,299 to €187,939
of which Trade receivables: +€14,782
- Cash +€5,293
up €5,293 (+176.9%), from €2,992 to €8,286
mainly Stocks and contracts (+€85,000) and Net result for the year (+€39,872)
- Trade debts -€123,025
down €123,025 (-38.6%), from €318,492 to €195,466
- Profit (loss) carried forward +€39,872
up €39,872, from -€2,930 to €36,942
- Other debts +€34,987
up €34,987 (+115.1%), from €30,396 to €65,383
- Advances received -€8,879
down €8,879 (-8.8%), from €100,742 to €91,863
- Gross operating margin +€25,371
up €25,371 (+37.6%), from €67,390 to €92,761
- Staff costs -€16,026
down €16,026 (-30.2%), from €53,128 to €37,103
- Taxes +€11,092
up €11,092 (+288.7%), from €3,842 to €14,935
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 | €504,577 | €451,675 | -€52,902 | -10.5% |
| Fixed assets | 21/28 | - | €1,165 | +€1,165 | |
| Tangible fixed assets | 22/27 | - | €1,165 | +€1,165 | |
| Furniture and vehicles | 24 | - | €1,165 | +€1,165 | |
| Current assets | 29/58 | €504,577 | €450,510 | -€54,067 | -10.7% |
| Stocks and contracts in progress | 3 | €339,285 | €254,285 | -€85,000 | -25.1% |
| Stocks | 30/36 | €339,285 | €254,285 | -€85,000 | -25.1% |
| Amounts receivable within one year | 40/41 | €162,299 | €187,939 | +€25,640 | +15.8% |
| Trade receivables | 40 | €138,741 | €153,523 | +€14,782 | +10.7% |
| Other amounts receivable | 41 | €23,558 | €34,416 | +€10,858 | +46.1% |
| Cash at bank and in hand | 54/58 | €2,992 | €8,286 | +€5,293 | +176.9% |
| Total equity and liabilities | 10/49 | €504,577 | €451,675 | -€52,902 | -10.5% |
| Equity | 10/15 | €17,070 | €56,942 | +€39,872 | +233.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,930 | €36,942 | +€39,872 | |
| Amounts payable | 17/49 | €487,506 | €394,733 | -€92,773 | -19.0% |
| Amounts payable within one year | 42/48 | €487,506 | €394,733 | -€92,773 | -19.0% |
| Financial debts | 43 | €11,549 | €11,549 | = | 0.0% |
| Credit institutions | 430/8 | €11,549 | €11,549 | = | 0.0% |
| Trade debts | 44 | €318,492 | €195,466 | -€123,025 | -38.6% |
| Suppliers | 440/4 | €318,492 | €195,466 | -€123,025 | -38.6% |
| Advances received on contracts in progress | 46 | €100,742 | €91,863 | -€8,879 | -8.8% |
| Taxes, remuneration and social security | 45 | €26,328 | €30,473 | +€4,144 | +15.7% |
| Taxes | 450/3 | €4,710 | €18,777 | +€14,067 | +298.7% |
| Remuneration and social security | 454/9 | €21,618 | €11,695 | -€9,923 | -45.9% |
| Other amounts payable | 47/48 | €30,396 | €65,383 | +€34,987 | +115.1% |
| Remuneration, social security and pensions | 62 | €53,128 | €37,103 | -€16,026 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €271 | +€271 | |
| Other operating charges | 640/8 | €525 | €531 | +€7 | +1.2% |
| Gross operating margin | 9900 | €67,390 | €92,761 | +€25,371 | +37.6% |
| Operating profit (loss) | 9901 | €13,736 | €54,856 | +€41,120 | +299.3% |
| Financial charges | 65/66B | €118 | €50 | -€68 | -57.9% |
| Recurring financial charges | 65 | €118 | €50 | -€68 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €13,619 | €54,807 | +€41,188 | +302.4% |
| Income taxes | 67/77 | €3,842 | €14,935 | +€11,092 | +288.7% |
| Profit (loss) for the period | 9904 | €9,776 | €39,872 | +€30,095 | +307.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,776 | €39,872 | +€30,095 | +307.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.