Cailliau: 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.
Cailliau
Largest movements
- Stocks and contracts +€31,093
up €31,093 (+19.1%), from €162,393 to €193,487
- Cash -€22,870
down €22,870 (-9.7%), from €236,502 to €213,632
mainly Stocks and contracts (-€31,093) and Contributions, distributions and other (-€4,571)
- Tangible fixed assets -€7,448
down €7,448 (-20.5%), from €36,420 to €28,972
of which Furniture and vehicles: -€4,158
- Reserves +€8,027
up €8,027 (+2.9%), from €279,408 to €287,435
of which Distributable reserves: +€8,027
- Gross operating margin +€21,065
up €21,065 (+160%), from €13,187 to €34,252
- Write-downs +€12,653
up €12,653, from -€12,653 to €0
- Financial charges +€2,712
up €2,712 (+51.2%), from €5,297 to €8,009
- Financial income -€2,390
down €2,390 (-72.9%), from €3,280 to €890
- Taxes +€1,353
up €1,353 (+34.4%), from €3,935 to €5,288
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 | €441,349 | €443,126 | +€1,777 | +0.4% |
| Fixed assets | 21/28 | €36,420 | €28,972 | -€7,448 | -20.5% |
| Tangible fixed assets | 22/27 | €36,420 | €28,972 | -€7,448 | -20.5% |
| Land and buildings | 22 | €23,556 | €21,291 | -€2,265 | -9.6% |
| Plant, machinery and equipment | 23 | €2,554 | €1,529 | -€1,025 | -40.1% |
| Furniture and vehicles | 24 | €10,311 | €6,152 | -€4,158 | -40.3% |
| Current assets | 29/58 | €404,928 | €414,154 | +€9,226 | +2.3% |
| Stocks and contracts in progress | 3 | €162,393 | €193,487 | +€31,093 | +19.1% |
| Stocks | 30/36 | €162,393 | €193,487 | +€31,093 | +19.1% |
| Amounts receivable within one year | 40/41 | €4,757 | €6,222 | +€1,465 | +30.8% |
| Trade receivables | 40 | €3,381 | €4,422 | +€1,041 | +30.8% |
| Other amounts receivable | 41 | €1,377 | €1,801 | +€424 | +30.8% |
| Cash at bank and in hand | 54/58 | €236,502 | €213,632 | -€22,870 | -9.7% |
| Deferred charges and accrued income | 490/1 | €1,275 | €812 | -€463 | -36.3% |
| Total equity and liabilities | 10/49 | €441,349 | €443,126 | +€1,777 | +0.4% |
| Equity | 10/15 | €298,008 | €306,035 | +€8,027 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €279,408 | €287,435 | +€8,027 | +2.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €20,107 | €20,107 | = | 0.0% |
| Distributable reserves | 133 | €259,301 | €267,328 | +€8,027 | +3.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €143,341 | €137,091 | -€6,250 | -4.4% |
| Amounts payable after more than one year | 17 | €106,548 | €102,436 | -€4,112 | -3.9% |
| Financial debts | 170/4 | €106,548 | €102,436 | -€4,112 | -3.9% |
| Amounts payable within one year | 42/48 | €36,583 | €34,655 | -€1,928 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €8,031 | €8,112 | +€80 | +1.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,465 | €2,528 | -€3,937 | -60.9% |
| Suppliers | 440/4 | €6,465 | €2,528 | -€3,937 | -60.9% |
| Taxes, remuneration and social security | 45 | €8,267 | €10,303 | +€2,035 | +24.6% |
| Taxes | 450/3 | €5,967 | €10,303 | +€4,336 | +72.7% |
| Remuneration and social security | 454/9 | €2,300 | €0 | -€2,300 | -100% |
| Other amounts payable | 47/48 | €13,819 | €13,713 | -€106 | -0.8% |
| Accrued charges and deferred income | 492/3 | €210 | €0 | -€210 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,448 | €7,448 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,653 | €0 | +€12,653 | |
| Other operating charges | 640/8 | €2,103 | €1,798 | -€305 | -14.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €13,187 | €34,252 | +€21,065 | +160% |
| Operating profit (loss) | 9901 | €16,288 | €25,006 | +€8,717 | +53.5% |
| Financial income | 75/76B | €3,280 | €890 | -€2,390 | -72.9% |
| Recurring financial income | 75 | €3,280 | €890 | -€2,390 | -72.9% |
| Financial charges | 65/66B | €5,297 | €8,009 | +€2,712 | +51.2% |
| Recurring financial charges | 65 | €5,297 | €8,009 | +€2,712 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €14,271 | €17,886 | +€3,615 | +25.3% |
| Income taxes | 67/77 | €3,935 | €5,288 | +€1,353 | +34.4% |
| Profit (loss) for the period | 9904 | €10,336 | €12,598 | +€2,263 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,336 | €12,598 | +€2,263 | +21.9% |
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 16 October 2026 via checked.be.