caHReer: 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.
caHReer
Largest movements
- Financial fixed assets +€2.3m
up €2.3m (+56.9%), from €4.1m to €6.5m
- Current investments +€450,000
new in 2025: €450,000
- Receivables within one year -€323,146
down €323,146 (-66.2%), from €487,810 to €164,664
of which Trade receivables: -€397,810
- Cash -€73,046
down €73,046 (-51.2%), from €142,610 to €69,564
mainly Investment in fixed assets (net) (-€2.3m) and Debts after one year (-€563,385)
- Revaluation surpluses +€2.7m
new in 2025: €2.7m
- Debts after one year -€563,385
down €563,385 (-18.8%), from €3.0m to €2.4m
- Reserves +€450,000
new in 2025: €450,000
- Trade debts -€324,642
down €324,642 (-86.1%), from €376,895 to €52,253
- Profit (loss) carried forward +€156,161
up €156,161 (+14.2%), from €1.1m to €1.3m
- Services and other goods -€918,918
down €918,918 (-47.4%), from €1.9m to €1.0m
- Turnover -€904,479
down €904,479 (-42.9%), from €2.1m to €1.2m
- Financial income +€577,057
new in 2025: €577,057
- Other operating income -€203,671
no longer reported in 2025 (was €203,671)
- Taxes -€48,103
down €48,103 (-68.3%), from €70,408 to €22,305
of which Taxes: -€47,408
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 | €4,756,976 | €7,156,831 | +€2.4m | +50.4% |
| Fixed assets | 21/28 | €4,126,555 | €6,472,603 | +€2.3m | +56.9% |
| Financial fixed assets | 28 | €4,126,555 | €6,472,603 | +€2.3m | +56.9% |
| Affiliated companies | 280/1 | €4,126,555 | €6,472,603 | +€2.3m | +56.9% |
| Participating interests | 280 | €4,126,555 | €6,472,603 | +€2.3m | +56.9% |
| Current assets | 29/58 | €630,421 | €684,228 | +€53,807 | +8.5% |
| Amounts receivable within one year | 40/41 | €487,810 | €164,664 | -€323,146 | -66.2% |
| Trade receivables | 40 | €447,810 | €50,000 | -€397,810 | -88.8% |
| Other amounts receivable | 41 | €40,000 | €114,664 | +€74,664 | +187% |
| Current investments | 50/53 | - | €450,000 | +€450,000 | |
| Own shares | 50 | - | €450,000 | +€450,000 | |
| Cash at bank and in hand | 54/58 | €142,610 | €69,564 | -€73,046 | -51.2% |
| Total equity and liabilities | 10/49 | €4,756,976 | €7,156,831 | +€2.4m | +50.4% |
| Equity | 10/15 | €1,104,043 | €4,426,089 | +€3.3m | +301% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €2,715,886 | +€2.7m | |
| Reserves | 13 | - | €450,000 | +€450,000 | |
| Non-distributable reserves | 130/1 | - | €450,000 | +€450,000 | |
| Own shares acquired | 1312 | - | €450,000 | +€450,000 | |
| Profit (loss) carried forward | 14 | €1,103,043 | €1,259,203 | +€156,161 | +14.2% |
| Amounts payable | 17/49 | €3,652,933 | €2,730,742 | -€922,191 | -25.2% |
| Amounts payable after more than one year | 17 | €3,004,500 | €2,441,115 | -€563,385 | -18.8% |
| Financial debts | 170/4 | €3,004,500 | €2,441,115 | -€563,385 | -18.8% |
| Credit institutions | 173 | €503,062 | €365,722 | -€137,340 | -27.3% |
| Other loans | 174 | €2,501,438 | €2,075,394 | -€426,045 | -17.0% |
| Amounts payable within one year | 42/48 | €648,433 | €289,626 | -€358,807 | -55.3% |
| Current portion of amounts payable after more than one year | 42 | €132,492 | €144,068 | +€11,577 | +8.7% |
| Financial debts | 43 | €33,428 | - | -€33,428 | |
| Credit institutions | 430/8 | €33,428 | - | -€33,428 | |
| Trade debts | 44 | €376,895 | €52,253 | -€324,642 | -86.1% |
| Suppliers | 440/4 | €376,895 | €52,253 | -€324,642 | -86.1% |
| Taxes, remuneration and social security | 45 | €105,617 | €93,305 | -€12,312 | -11.7% |
| Taxes | 450/3 | €105,617 | €93,305 | -€12,312 | -11.7% |
| Operating income | 70/76A | €2,313,950 | €1,205,800 | -€1.1m | -47.9% |
| Turnover | 70 | €2,110,279 | €1,205,800 | -€904,479 | -42.9% |
| Other operating income | 74 | €203,671 | - | -€203,671 | |
| Operating charges | 60/66A | €1,941,144 | €1,022,581 | -€918,563 | -47.3% |
| Services and other goods | 61 | €1,940,641 | €1,021,724 | -€918,918 | -47.4% |
| Other operating charges | 640/8 | €503 | €857 | +€355 | +70.6% |
| Operating profit (loss) | 9901 | €372,806 | €183,219 | -€189,587 | -50.9% |
| Financial income | 75/76B | - | €577,057 | +€577,057 | |
| Recurring financial income | 75 | - | €577,057 | +€577,057 | |
| Income from financial fixed assets | 750 | - | €577,057 | +€577,057 | |
| Financial charges | 65/66B | €103,883 | €131,810 | +€27,927 | +26.9% |
| Recurring financial charges | 65 | €103,883 | €96,285 | -€7,599 | -7.3% |
| Debt charges | 650 | €103,252 | €95,524 | -€7,727 | -7.5% |
| Other financial charges | 652/9 | €632 | €761 | +€129 | +20.4% |
| Non-recurring financial charges | 66B | - | €35,525 | +€35,525 | |
| Profit (loss) for the period before taxes | 9903 | €268,922 | €628,466 | +€359,544 | +134% |
| Income taxes | 67/77 | €70,408 | €22,305 | -€48,103 | -68.3% |
| Taxes | 670/3 | €70,408 | €23,000 | -€47,408 | -67.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €695 | +€695 | |
| Profit (loss) for the period | 9904 | €198,515 | €606,161 | +€407,646 | +205% |
| Profit (loss) for the period to be appropriated | 9905 | €198,515 | €606,161 | +€407,646 | +205% |
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 18 October 2026 via checked.be.