Cairos: 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.
Cairos
Largest movements
- Receivables within one year -€67,572
down €67,572 (-31.6%), from €214,153 to €146,581
of which Trade receivables: -€88,182
- Cash -€26,176
down €26,176 (-24.5%), from €106,670 to €80,494
mainly Tax, wage and social debts (-€47,758) and Net result for the year (-€32,853)
- Intangible fixed assets +€21,233
up €21,233 (+188%), from €11,316 to €32,550
- Tangible fixed assets -€13,795
down €13,795 (-41.8%), from €33,018 to €19,223
of which Leasing and similar rights: -€10,235
- Tax, wage and social debts -€47,758
down €47,758 (-38.8%), from €123,153 to €75,395
of which Taxes: -€40,248
- Profit (loss) carried forward -€32,853
down €32,853 (-52.6%), from €62,505 to €29,652
- Trade debts +€10,224
up €10,224 (+10.3%), from €99,448 to €109,673
- Other debts -€9,280
down €9,280 (-92.8%), from €10,000 to €720
- Debts after one year -€7,461
down €7,461 (-18.0%), from €41,516 to €34,055
- Other operating charges +€32,474
up €32,474 (+691%), from €4,697 to €37,171
- Staff costs +€29,983
up €29,983 (+5.4%), from €558,557 to €588,540
- Taxes -€22,992
down €22,992 (-88.2%), from €26,071 to €3,079
- Gross operating margin -€13,590
down €13,590 (-2.1%), from €645,486 to €631,897
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 | €375,898 | €288,036 | -€87,861 | -23.4% |
| Formation expenses | 20 | €66 | €0 | -€66 | -100% |
| Fixed assets | 21/28 | €45,350 | €53,998 | +€8,648 | +19.1% |
| Intangible fixed assets | 21 | €11,316 | €32,550 | +€21,233 | +188% |
| Tangible fixed assets | 22/27 | €33,018 | €19,223 | -€13,795 | -41.8% |
| Furniture and vehicles | 24 | €9,379 | €5,819 | -€3,560 | -38.0% |
| Leasing and similar rights | 25 | €23,639 | €13,404 | -€10,235 | -43.3% |
| Financial fixed assets | 28 | €1,015 | €2,225 | +€1,210 | +119% |
| Current assets | 29/58 | €330,481 | €234,039 | -€96,443 | -29.2% |
| Amounts receivable within one year | 40/41 | €214,153 | €146,581 | -€67,572 | -31.6% |
| Trade receivables | 40 | €208,389 | €120,207 | -€88,182 | -42.3% |
| Other amounts receivable | 41 | €5,764 | €26,374 | +€20,610 | +358% |
| Cash at bank and in hand | 54/58 | €106,670 | €80,494 | -€26,176 | -24.5% |
| Deferred charges and accrued income | 490/1 | €9,658 | €6,964 | -€2,694 | -27.9% |
| Total equity and liabilities | 10/49 | €375,898 | €288,036 | -€87,861 | -23.4% |
| Equity | 10/15 | €92,505 | €59,652 | -€32,853 | -35.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,505 | €29,652 | -€32,853 | -52.6% |
| Amounts payable | 17/49 | €283,393 | €228,384 | -€55,009 | -19.4% |
| Amounts payable after more than one year | 17 | €41,516 | €34,055 | -€7,461 | -18.0% |
| Financial debts | 170/4 | €41,516 | €34,055 | -€7,461 | -18.0% |
| Amounts payable within one year | 42/48 | €240,627 | €194,329 | -€46,298 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €8,026 | €8,541 | +€515 | +6.4% |
| Trade debts | 44 | €99,448 | €109,673 | +€10,224 | +10.3% |
| Suppliers | 440/4 | €99,448 | €109,673 | +€10,224 | +10.3% |
| Taxes, remuneration and social security | 45 | €123,153 | €75,395 | -€47,758 | -38.8% |
| Taxes | 450/3 | €54,664 | €14,415 | -€40,248 | -73.6% |
| Remuneration and social security | 454/9 | €68,490 | €60,980 | -€7,510 | -11.0% |
| Other amounts payable | 47/48 | €10,000 | €720 | -€9,280 | -92.8% |
| Accrued charges and deferred income | 492/3 | €1,250 | €0 | -€1,250 | -100% |
| Remuneration, social security and pensions | 62 | €558,557 | €588,540 | +€29,983 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,816 | €19,574 | +€2,758 | +16.4% |
| Other operating charges | 640/8 | €4,697 | €37,171 | +€32,474 | +691% |
| Non-recurring operating charges | 66A | - | €5,709 | +€5,709 | |
| Gross operating margin | 9900 | €645,486 | €631,897 | -€13,590 | -2.1% |
| Operating profit (loss) | 9901 | €65,415 | -€19,098 | -€84,513 | |
| Financial income | 75/76B | €836 | €837 | +€0 | +0.1% |
| Recurring financial income | 75 | €836 | €837 | +€0 | +0.1% |
| Financial charges | 65/66B | €10,749 | €11,513 | +€764 | +7.1% |
| Recurring financial charges | 65 | €10,749 | €11,513 | +€764 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €55,503 | -€29,774 | -€85,277 | |
| Income taxes | 67/77 | €26,071 | €3,079 | -€22,992 | -88.2% |
| Profit (loss) for the period | 9904 | €29,432 | -€32,853 | -€62,285 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,432 | -€32,853 | -€62,285 |
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 13 October 2026 via checked.be.