CAUDALY: 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.
CAUDALY
Largest movements
- Cash -€35,586
down €35,586 (-76.7%), from €46,421 to €10,835
mainly Investment in fixed assets (net) (-€32,703) and Trade debts (-€22,722)
- Receivables within one year -€2,760
down €2,760 (-13.9%), from €19,812 to €17,052
of which Other amounts receivable: -€3,540
- Trade debts -€22,722
down €22,722 (-71.5%), from €31,767 to €9,045
- Debts after one year -€17,941
down €17,941 (-18.2%), from €98,435 to €80,493
- Other debts -€4,285
down €4,285 (-9.0%), from €47,567 to €43,282
- Tax, wage and social debts +€4,122
up €4,122 (+37.1%), from €11,113 to €15,235
of which Taxes: +€5,053
- Advances received +€2,849
new in 2025: €2,849
- Staff costs +€23,277
up €23,277 (+43.0%), from €54,100 to €77,378
- Gross operating margin +€20,914
up €20,914 (+22.5%), from €92,883 to €113,797
- Depreciation +€4,920
up €4,920 (+18.8%), from €26,117 to €31,037
- Taxes -€2,468
down €2,468 (-54.3%), from €4,541 to €2,074
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 | €238,411 | €202,087 | -€36,324 | -15.2% |
| Formation expenses | 20 | €119 | - | -€119 | |
| Fixed assets | 21/28 | €147,855 | €149,639 | +€1,784 | +1.2% |
| Intangible fixed assets | 21 | €2,402 | €4,291 | +€1,889 | +78.6% |
| Tangible fixed assets | 22/27 | €144,403 | €144,298 | -€104 | -0.1% |
| Land and buildings | 22 | €67,059 | €60,008 | -€7,051 | -10.5% |
| Furniture and vehicles | 24 | €77,344 | €84,291 | +€6,947 | +9.0% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €90,437 | €52,448 | -€37,990 | -42.0% |
| Stocks and contracts in progress | 3 | €24,204 | €24,560 | +€356 | +1.5% |
| Stocks | 30/36 | €24,204 | €24,560 | +€356 | +1.5% |
| Amounts receivable within one year | 40/41 | €19,812 | €17,052 | -€2,760 | -13.9% |
| Trade receivables | 40 | €8,353 | €9,134 | +€780 | +9.3% |
| Other amounts receivable | 41 | €11,459 | €7,919 | -€3,540 | -30.9% |
| Cash at bank and in hand | 54/58 | €46,421 | €10,835 | -€35,586 | -76.7% |
| Total equity and liabilities | 10/49 | €238,411 | €202,087 | -€36,324 | -15.2% |
| Equity | 10/15 | €40,450 | €41,908 | +€1,458 | +3.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €30,436 | €31,886 | +€1,450 | +4.8% |
| Distributable reserves | 133 | €30,436 | €31,886 | +€1,450 | +4.8% |
| Profit (loss) carried forward | 14 | €14 | €22 | +€8 | +55.6% |
| Amounts payable | 17/49 | €197,961 | €160,179 | -€37,782 | -19.1% |
| Amounts payable after more than one year | 17 | €98,435 | €80,493 | -€17,941 | -18.2% |
| Financial debts | 170/4 | €98,435 | €80,493 | -€17,941 | -18.2% |
| Amounts payable within one year | 42/48 | €99,526 | €79,686 | -€19,841 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €9,080 | €9,275 | +€195 | +2.1% |
| Trade debts | 44 | €31,767 | €9,045 | -€22,722 | -71.5% |
| Suppliers | 440/4 | €31,767 | €9,045 | -€22,722 | -71.5% |
| Advances received on contracts in progress | 46 | - | €2,849 | +€2,849 | |
| Taxes, remuneration and social security | 45 | €11,113 | €15,235 | +€4,122 | +37.1% |
| Taxes | 450/3 | €8,055 | €13,108 | +€5,053 | +62.7% |
| Remuneration and social security | 454/9 | €3,057 | €2,127 | -€930 | -30.4% |
| Other amounts payable | 47/48 | €47,567 | €43,282 | -€4,285 | -9.0% |
| Remuneration, social security and pensions | 62 | €54,100 | €77,378 | +€23,277 | +43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,117 | €31,037 | +€4,920 | +18.8% |
| Other operating charges | 640/8 | €640 | €693 | +€52 | +8.2% |
| Gross operating margin | 9900 | €92,883 | €113,797 | +€20,914 | +22.5% |
| Operating profit (loss) | 9901 | €12,024 | €4,689 | -€7,335 | -61.0% |
| Financial charges | 65/66B | €928 | €1,158 | +€230 | +24.7% |
| Recurring financial charges | 65 | €925 | €1,158 | +€232 | +25.1% |
| Non-recurring financial charges | 66B | €3 | - | -€3 | |
| Profit (loss) for the period before taxes | 9903 | €11,096 | €3,531 | -€7,565 | -68.2% |
| Income taxes | 67/77 | €4,541 | €2,074 | -€2,468 | -54.3% |
| Profit (loss) for the period | 9904 | €6,555 | €1,458 | -€5,097 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,555 | €1,458 | -€5,097 | -77.8% |
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 20 October 2026 via checked.be.