CAHAY-DENNE: 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.
CAHAY-DENNE
Largest movements
- Cash -€28,808
down €28,808 (-88.1%), from €32,703 to €3,894
mainly Debts after one year (-€113,931) and Investment in fixed assets (net) (-€38,938)
- Receivables within one year +€17,114
up €17,114 (+167%), from €10,229 to €27,343
of which Other amounts receivable: +€15,000
- Tangible fixed assets -€13,400
down €13,400 (-1.7%), from €778,745 to €765,345
of which Land and buildings: -€21,546
- Debts after one year -€113,931
down €113,931 (-13.2%), from €861,461 to €747,530
of which Financial debts: -€88,931
- Other debts +€45,142
up €45,142 (+130%), from €34,700 to €79,842
- Profit (loss) carried forward +€32,730
up €32,730 (+13.2%), from €247,322 to €280,051
- Gross operating margin -€8,474
down €8,474 (-5.8%), from €145,400 to €136,925
- Financial charges -€3,780
down €3,780 (-12.1%), from €31,361 to €27,581
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.
Derived cash bridge
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 | €1,273,735 | €1,247,884 | -€25,851 | -2.0% |
| Fixed assets | 21/28 | €1,228,745 | €1,215,345 | -€13,400 | -1.1% |
| Tangible fixed assets | 22/27 | €778,745 | €765,345 | -€13,400 | -1.7% |
| Land and buildings | 22 | €721,809 | €700,263 | -€21,546 | -3.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €56,936 | €41,082 | -€15,854 | -27.8% |
| Assets under construction and advance payments | 27 | - | €24,000 | +€24,000 | |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €44,991 | €32,539 | -€12,451 | -27.7% |
| Amounts receivable within one year | 40/41 | €10,229 | €27,343 | +€17,114 | +167% |
| Trade receivables | 40 | €10,229 | €12,343 | +€2,114 | +20.7% |
| Other amounts receivable | 41 | €0 | €15,000 | +€15,000 | |
| Cash at bank and in hand | 54/58 | €32,703 | €3,894 | -€28,808 | -88.1% |
| Deferred charges and accrued income | 490/1 | €2,059 | €1,302 | -€757 | -36.8% |
| Total equity and liabilities | 10/49 | €1,273,735 | €1,247,884 | -€25,851 | -2.0% |
| Equity | 10/15 | €255,382 | €288,111 | +€32,730 | +12.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €247,322 | €280,051 | +€32,730 | +13.2% |
| Amounts payable | 17/49 | €1,018,354 | €959,773 | -€58,581 | -5.8% |
| Amounts payable after more than one year | 17 | €861,461 | €747,530 | -€113,931 | -13.2% |
| Financial debts | 170/4 | €621,658 | €532,728 | -€88,931 | -14.3% |
| Other amounts payable | 178/9 | €239,803 | €214,803 | -€25,000 | -10.4% |
| Amounts payable within one year | 42/48 | €154,793 | €210,100 | +€55,307 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €87,089 | €88,931 | +€1,842 | +2.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,516 | €1,761 | +€245 | +16.1% |
| Suppliers | 440/4 | €1,516 | €1,761 | +€245 | +16.1% |
| Taxes, remuneration and social security | 45 | €31,487 | €39,566 | +€8,079 | +25.7% |
| Taxes | 450/3 | €31,487 | €39,566 | +€8,079 | +25.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €34,700 | €79,842 | +€45,142 | +130% |
| Accrued charges and deferred income | 492/3 | €2,100 | €2,142 | +€42 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,360 | €52,338 | +€978 | +1.9% |
| Other operating charges | 640/8 | €7,101 | €7,046 | -€55 | -0.8% |
| Non-recurring operating charges | 66A | €116 | €254 | +€138 | +119% |
| Gross operating margin | 9900 | €145,400 | €136,925 | -€8,474 | -5.8% |
| Operating profit (loss) | 9901 | €86,822 | €77,287 | -€9,535 | -11.0% |
| Financial income | 75/76B | €106 | €91 | -€14 | -13.7% |
| Recurring financial income | 75 | €106 | €91 | -€14 | -13.7% |
| Financial charges | 65/66B | €31,361 | €27,581 | -€3,780 | -12.1% |
| Recurring financial charges | 65 | €31,361 | €27,581 | -€3,780 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €55,567 | €49,797 | -€5,769 | -10.4% |
| Income taxes | 67/77 | €18,197 | €17,068 | -€1,129 | -6.2% |
| Profit (loss) for the period | 9904 | €37,369 | €32,730 | -€4,640 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,369 | €32,730 | -€4,640 | -12.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.