CAUCUS: 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.
CAUCUS
Largest movements
- Cash +€15,151
up €15,151 (+91.8%), from €16,500 to €31,651
mainly Net result for the year (+€36,641) and Other debts (+€34,408)
- Tangible fixed assets +€10,995
up €10,995 (+4.0%), from €272,307 to €283,302
of which Land and buildings: +€13,267
- Other debts +€34,408
up €34,408 (+54.9%), from €62,678 to €97,086
- Debts after one year -€12,429
down €12,429 (-14.0%), from €88,752 to €76,322
- Trade debts +€4,855
up €4,855 (+5395.0%), from €90 to €4,945
- Gross operating margin +€13,782
up €13,782 (+20.8%), from €66,154 to €79,935
- Taxes +€2,818
up €2,818 (+28.2%), from €10,003 to €12,821
- Financial charges +€1,225
up €1,225 (+14.2%), from €8,627 to €9,852
- Other operating charges -€946
down €946 (-29.8%), from €3,178 to €2,232
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 | €295,277 | €320,621 | +€25,344 | +8.6% |
| Fixed assets | 21/28 | €272,307 | €285,302 | +€12,995 | +4.8% |
| Tangible fixed assets | 22/27 | €272,307 | €283,302 | +€10,995 | +4.0% |
| Land and buildings | 22 | €265,141 | €278,408 | +€13,267 | +5.0% |
| Plant, machinery and equipment | 23 | €2,511 | €1,770 | -€740 | -29.5% |
| Furniture and vehicles | 24 | €4,656 | €3,124 | -€1,532 | -32.9% |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €22,970 | €35,319 | +€12,349 | +53.8% |
| Amounts receivable within one year | 40/41 | €4,909 | €2,053 | -€2,856 | -58.2% |
| Trade receivables | 40 | €681 | €875 | +€194 | +28.5% |
| Other amounts receivable | 41 | €4,228 | €1,179 | -€3,050 | -72.1% |
| Cash at bank and in hand | 54/58 | €16,500 | €31,651 | +€15,151 | +91.8% |
| Deferred charges and accrued income | 490/1 | €1,561 | €1,615 | +€54 | +3.4% |
| Total equity and liabilities | 10/49 | €295,277 | €320,621 | +€25,344 | +8.6% |
| Equity | 10/15 | €124,168 | €124,168 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €121,668 | €121,668 | = | 0.0% |
| Distributable reserves | 133 | €121,668 | €121,668 | = | 0.0% |
| Amounts payable | 17/49 | €171,109 | €196,453 | +€25,344 | +14.8% |
| Amounts payable after more than one year | 17 | €88,752 | €76,322 | -€12,429 | -14.0% |
| Financial debts | 170/4 | €88,752 | €76,322 | -€12,429 | -14.0% |
| Amounts payable within one year | 42/48 | €75,140 | €115,965 | +€40,825 | +54.3% |
| Current portion of amounts payable after more than one year | 42 | €11,160 | €12,429 | +€1,269 | +11.4% |
| Trade debts | 44 | €90 | €4,945 | +€4,855 | +5395.0% |
| Suppliers | 440/4 | €90 | €4,945 | +€4,855 | +5395.0% |
| Taxes, remuneration and social security | 45 | €1,212 | €1,504 | +€292 | +24.1% |
| Taxes | 450/3 | €1,212 | €1,504 | +€292 | +24.1% |
| Other amounts payable | 47/48 | €62,678 | €97,086 | +€34,408 | +54.9% |
| Accrued charges and deferred income | 492/3 | €7,217 | €4,166 | -€3,052 | -42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,360 | €18,389 | +€29 | +0.2% |
| Other operating charges | 640/8 | €3,178 | €2,232 | -€946 | -29.8% |
| Gross operating margin | 9900 | €66,154 | €79,935 | +€13,782 | +20.8% |
| Operating profit (loss) | 9901 | €44,616 | €59,315 | +€14,699 | +32.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,627 | €9,852 | +€1,225 | +14.2% |
| Recurring financial charges | 65 | €8,627 | €9,852 | +€1,225 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €35,989 | €49,463 | +€13,474 | +37.4% |
| Income taxes | 67/77 | €10,003 | €12,821 | +€2,818 | +28.2% |
| Profit (loss) for the period | 9904 | €25,986 | €36,641 | +€10,656 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,986 | €36,641 | +€10,656 | +41.0% |
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 9 October 2026 via checked.be.