CAHN CONSULT: 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.
CAHN CONSULT
Largest movements
- Current investments -€475,464
down €475,464 (-59.0%), from €805,978 to €330,513
- Receivables after one year -€371,750
down €371,750 (-100.0%), from €371,750 to €0
- Cash +€152,449
up €152,449 (+80.2%), from €190,054 to €342,504
mainly Current investments (+€475,464) and Receivables after one year (+€371,750)
- Receivables within one year +€23,877
up €23,877 (+298.4%), from €8,001 to €31,879
of which Other amounts receivable: +€28,508
- Tangible fixed assets -€16,114
down €16,114 (-25.7%), from €62,750 to €46,636
of which Furniture and vehicles: -€15,715
- Reserves -€521,100
down €521,100 (-38.9%), from €1.3m to €819,310
- Profit (loss) carried forward -€157,773
down €157,773, from €49,496 to -€108,278
- Taxes -€55,664
down €55,664 (-99.0%), from €56,199 to €535
- Financial income -€49,051
down €49,051 (-45.3%), from €108,206 to €59,155
- Financial charges +€23,497
up €23,497 (+170.1%), from €13,810 to €37,308
- Gross operating margin -€6,742
down €6,742 (-6.9%), from €97,510 to €90,768
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 | €1,442,980 | €754,231 | -€688,749 | -47.7% |
| Fixed assets | 21/28 | €62,750 | €46,636 | -€16,114 | -25.7% |
| Tangible fixed assets | 22/27 | €62,750 | €46,636 | -€16,114 | -25.7% |
| Furniture and vehicles | 24 | €62,351 | €46,636 | -€15,715 | -25.2% |
| Other tangible fixed assets | 26 | €399 | €0 | -€399 | -100.0% |
| Current assets | 29/58 | €1,380,230 | €707,595 | -€672,635 | -48.7% |
| Amounts receivable after more than one year | 29 | €371,750 | €0 | -€371,750 | -100.0% |
| Other amounts receivable | 291 | €371,750 | €0 | -€371,750 | -100.0% |
| Amounts receivable within one year | 40/41 | €8,001 | €31,879 | +€23,877 | +298.4% |
| Trade receivables | 40 | €8,001 | €3,371 | -€4,630 | -57.9% |
| Other amounts receivable | 41 | - | €28,508 | +€28,508 | |
| Current investments | 50/53 | €805,978 | €330,513 | -€475,464 | -59.0% |
| Cash at bank and in hand | 54/58 | €190,054 | €342,504 | +€152,449 | +80.2% |
| Deferred charges and accrued income | 490/1 | €4,446 | €2,699 | -€1,747 | -39.3% |
| Total equity and liabilities | 10/49 | €1,442,980 | €754,231 | -€688,749 | -47.7% |
| Equity | 10/15 | €1,396,230 | €717,356 | -€678,873 | -48.6% |
| Contributions | 10/11 | €6,324 | €6,324 | = | 0.0% |
| Reserves | 13 | €1,340,410 | €819,310 | -€521,100 | -38.9% |
| Distributable reserves | 133 | €1,340,410 | €819,310 | -€521,100 | -38.9% |
| Profit (loss) carried forward | 14 | €49,496 | -€108,278 | -€157,773 | |
| Amounts payable | 17/49 | €46,750 | €36,875 | -€9,876 | -21.1% |
| Amounts payable after more than one year | 17 | €14,682 | €2,973 | -€11,710 | -79.8% |
| Financial debts | 170/4 | €14,682 | €2,973 | -€11,710 | -79.8% |
| Amounts payable within one year | 42/48 | €32,068 | €33,902 | +€1,834 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €11,425 | €11,710 | +€284 | +2.5% |
| Trade debts | 44 | €793 | €632 | -€161 | -20.3% |
| Suppliers | 440/4 | €793 | €632 | -€161 | -20.3% |
| Taxes, remuneration and social security | 45 | €19,647 | €21,560 | +€1,913 | +9.7% |
| Taxes | 450/3 | €19,647 | €21,560 | +€1,913 | +9.7% |
| Other amounts payable | 47/48 | €203 | €0 | -€203 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,157 | €17,670 | -€486 | -2.7% |
| Other operating charges | 640/8 | €2,096 | €2,183 | +€87 | +4.1% |
| Non-recurring operating charges | 66A | - | €250,000 | +€250,000 | |
| Gross operating margin | 9900 | €97,510 | €90,768 | -€6,742 | -6.9% |
| Operating profit (loss) | 9901 | €77,257 | -€179,085 | -€256,342 | |
| Financial income | 75/76B | €108,206 | €59,155 | -€49,051 | -45.3% |
| Recurring financial income | 75 | €108,206 | €59,155 | -€49,051 | -45.3% |
| Financial charges | 65/66B | €13,810 | €37,308 | +€23,497 | +170.1% |
| Recurring financial charges | 65 | €13,810 | €37,308 | +€23,497 | +170.1% |
| Profit (loss) for the period before taxes | 9903 | €171,653 | -€157,238 | -€328,891 | |
| Income taxes | 67/77 | €56,199 | €535 | -€55,664 | -99.0% |
| Profit (loss) for the period | 9904 | €115,453 | -€157,773 | -€273,227 | |
| Profit (loss) for the period to be appropriated | 9905 | €115,453 | -€157,773 | -€273,227 |
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 10 October 2026 via checked.be.