CAHOLD: 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.
CAHOLD
Largest movements
- Cash +€124,507
up €124,507 (+46.7%), from €266,589 to €391,096
mainly Net result for the year (+€133,549) and Debts after one year (+€99,356)
- Tangible fixed assets -€60,085
down €60,085 (-20.4%), from €294,828 to €234,743
of which Plant, machinery and equipment: -€55,927
- Stocks and contracts -€52,225
down €52,225 (-8.6%), from €607,009 to €554,784
- Other debts -€154,542
no longer reported in 2025 (was €154,542)
- Reserves +€133,549
up €133,549 (+26.5%), from €503,761 to €637,310
of which Distributable reserves: +€133,549
- Debts after one year +€99,356
up €99,356 (+25.6%), from €388,852 to €488,208
of which Trade debts: +€106,447
- Trade debts -€41,309
down €41,309 (-17.2%), from €240,598 to €199,289
- Gross operating margin -€152,491
down €152,491 (-15.2%), from €1.0m to €848,080
- Staff costs -€13,925
down €13,925 (-2.4%), from €591,900 to €577,975
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 | €1,466,831 | €1,496,099 | +€29,268 | +2.0% |
| Fixed assets | 21/28 | €295,257 | €235,172 | -€60,085 | -20.3% |
| Tangible fixed assets | 22/27 | €294,828 | €234,743 | -€60,085 | -20.4% |
| Land and buildings | 22 | €9,385 | €6,882 | -€2,503 | -26.7% |
| Plant, machinery and equipment | 23 | €271,922 | €215,995 | -€55,927 | -20.6% |
| Furniture and vehicles | 24 | €472 | €157 | -€315 | -66.7% |
| Other tangible fixed assets | 26 | €13,049 | €11,708 | -€1,341 | -10.3% |
| Financial fixed assets | 28 | €429 | €429 | = | 0.0% |
| Current assets | 29/58 | €1,171,574 | €1,260,927 | +€89,352 | +7.6% |
| Stocks and contracts in progress | 3 | €607,009 | €554,784 | -€52,225 | -8.6% |
| Stocks | 30/36 | €607,009 | €554,784 | -€52,225 | -8.6% |
| Amounts receivable within one year | 40/41 | €295,283 | €301,586 | +€6,303 | +2.1% |
| Trade receivables | 40 | €161,688 | €53,473 | -€108,215 | -66.9% |
| Other amounts receivable | 41 | €133,595 | €248,113 | +€114,518 | +85.7% |
| Cash at bank and in hand | 54/58 | €266,589 | €391,096 | +€124,507 | +46.7% |
| Deferred charges and accrued income | 490/1 | €2,694 | €13,461 | +€10,767 | +400% |
| Total equity and liabilities | 10/49 | €1,466,831 | €1,496,099 | +€29,268 | +2.0% |
| Equity | 10/15 | €522,311 | €655,860 | +€133,549 | +25.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €503,761 | €637,310 | +€133,549 | +26.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €501,906 | €635,455 | +€133,549 | +26.6% |
| Amounts payable | 17/49 | €944,520 | €840,239 | -€104,281 | -11.0% |
| Amounts payable after more than one year | 17 | €388,852 | €488,208 | +€99,356 | +25.6% |
| Financial debts | 170/4 | €30,194 | €23,103 | -€7,091 | -23.5% |
| Trade debts | 175 | €358,658 | €465,105 | +€106,447 | +29.7% |
| Amounts payable within one year | 42/48 | €551,754 | €351,225 | -€200,529 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €58,964 | €53,979 | -€4,985 | -8.5% |
| Trade debts | 44 | €240,598 | €199,289 | -€41,309 | -17.2% |
| Suppliers | 440/4 | €240,598 | €199,289 | -€41,309 | -17.2% |
| Taxes, remuneration and social security | 45 | €97,650 | €97,957 | +€307 | +0.3% |
| Taxes | 450/3 | - | €5,924 | +€5,924 | |
| Remuneration and social security | 454/9 | €97,650 | €92,033 | -€5,617 | -5.8% |
| Other amounts payable | 47/48 | €154,542 | - | -€154,542 | |
| Accrued charges and deferred income | 492/3 | €3,914 | €806 | -€3,108 | -79.4% |
| Remuneration, social security and pensions | 62 | €591,900 | €577,975 | -€13,925 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,039 | €68,545 | +€8,507 | +14.2% |
| Other operating charges | 640/8 | €5,079 | €4,866 | -€214 | -4.2% |
| Gross operating margin | 9900 | €1,000,571 | €848,080 | -€152,491 | -15.2% |
| Operating profit (loss) | 9901 | €343,553 | €196,694 | -€146,859 | -42.7% |
| Financial income | 75/76B | €0 | €22 | +€22 | +217,900% |
| Recurring financial income | 75 | €0 | €22 | +€22 | +217,900% |
| Financial charges | 65/66B | €15,027 | €14,831 | -€196 | -1.3% |
| Recurring financial charges | 65 | €15,027 | €14,831 | -€196 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €328,526 | €181,885 | -€146,641 | -44.6% |
| Income taxes | 67/77 | €47,769 | €48,336 | +€567 | +1.2% |
| Profit (loss) for the period | 9904 | €280,757 | €133,549 | -€147,209 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €280,757 | €133,549 | -€147,209 | -52.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.