CAUGEST: what changed
Two fiscal 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.
CAUGEST
Largest movements
- Financial fixed assets -€100,000
down €100,000 (-13.3%), from €749,244 to €649,244
- Cash +€80,366
up €80,366 (+77.0%), from €104,378 to €184,744
mainly Investment in fixed assets (net) (+€100,000) and Net result for the year (+€70,497)
- Receivables within one year +€52,950
up €52,950 (+31.7%), from €167,058 to €220,008
of which Trade receivables: +€65,000
- Tangible fixed assets -€20,003
down €20,003 (-15.1%), from €132,382 to €112,378
of which Furniture and vehicles: -€11,751
- Reserves +€70,497
up €70,497 (+23.7%), from €296,878 to €367,375
of which Distributable reserves: +€70,497
- Other debts -€42,786
down €42,786 (-38.8%), from €110,372 to €67,587
- Debts after one year -€24,010
down €24,010 (-33.4%), from €71,803 to €47,793
- Tax, wage and social debts +€14,601
up €14,601 (+41.4%), from €35,302 to €49,903
- Financial income +€14,415
up €14,415 (+7325.6%), from €197 to €14,612
of which Non-recurring financial income: +€14,612
- Taxes +€6,280
up €6,280 (+22.6%), from €27,811 to €34,092
- Financial charges -€3,600
down €3,600 (-28.0%), from €12,839 to €9,238
- Gross operating margin +€3,379
up €3,379 (+2.8%), from €118,981 to €122,360
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,154,153 | €1,167,612 | +€13,458 | +1.2% |
| Fixed assets | 21/28 | €881,626 | €761,622 | -€120,003 | -13.6% |
| Tangible fixed assets | 22/27 | €132,382 | €112,378 | -€20,003 | -15.1% |
| Land and buildings | 22 | €115,023 | €106,770 | -€8,253 | -7.2% |
| Furniture and vehicles | 24 | €17,358 | €5,608 | -€11,751 | -67.7% |
| Financial fixed assets | 28 | €749,244 | €649,244 | -€100,000 | -13.3% |
| Current assets | 29/58 | €272,528 | €405,990 | +€133,462 | +49.0% |
| Amounts receivable within one year | 40/41 | €167,058 | €220,008 | +€52,950 | +31.7% |
| Trade receivables | 40 | €32,500 | €97,500 | +€65,000 | +200.0% |
| Other amounts receivable | 41 | €134,558 | €122,508 | -€12,050 | -9.0% |
| Cash at bank and in hand | 54/58 | €104,378 | €184,744 | +€80,366 | +77.0% |
| Deferred charges and accrued income | 490/1 | €1,092 | €1,237 | +€145 | +13.3% |
| Total equity and liabilities | 10/49 | €1,154,153 | €1,167,612 | +€13,458 | +1.2% |
| Equity | 10/15 | €898,593 | €969,091 | +€70,497 | +7.8% |
| Contributions | 10/11 | €533,542 | €533,542 | = | 0.0% |
| Reserves | 13 | €296,878 | €367,375 | +€70,497 | +23.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €295,019 | €365,516 | +€70,497 | +23.9% |
| Profit (loss) carried forward | 14 | €68,173 | €68,173 | = | 0.0% |
| Amounts payable | 17/49 | €255,560 | €198,521 | -€57,039 | -22.3% |
| Amounts payable after more than one year | 17 | €71,803 | €47,793 | -€24,010 | -33.4% |
| Financial debts | 170/4 | €71,803 | €47,793 | -€24,010 | -33.4% |
| Amounts payable within one year | 42/48 | €175,276 | €144,762 | -€30,513 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €26,820 | €24,010 | -€2,810 | -10.5% |
| Trade debts | 44 | €2,782 | €3,263 | +€481 | +17.3% |
| Suppliers | 440/4 | €2,782 | €3,263 | +€481 | +17.3% |
| Taxes, remuneration and social security | 45 | €35,302 | €49,903 | +€14,601 | +41.4% |
| Taxes | 450/3 | €35,302 | €49,903 | +€14,601 | +41.4% |
| Other amounts payable | 47/48 | €110,372 | €67,587 | -€42,786 | -38.8% |
| Accrued charges and deferred income | 492/3 | €8,481 | €5,965 | -€2,516 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,001 | €20,003 | +€2 | 0.0% |
| Other operating charges | 640/8 | €3,598 | €3,141 | -€457 | -12.7% |
| Gross operating margin | 9900 | €118,981 | €122,360 | +€3,379 | +2.8% |
| Operating profit (loss) | 9901 | €95,382 | €99,216 | +€3,834 | +4.0% |
| Financial income | 75/76B | €197 | €14,612 | +€14,415 | +7325.6% |
| Recurring financial income | 75 | €197 | €14,612 | +€14,415 | +7325.6% |
| Non-recurring financial income | 76B | - | €14,612 | +€14,612 | |
| Financial charges | 65/66B | €12,839 | €9,238 | -€3,600 | -28.0% |
| Recurring financial charges | 65 | €12,839 | €9,238 | -€3,600 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €82,740 | €104,589 | +€21,849 | +26.4% |
| Income taxes | 67/77 | €27,811 | €34,092 | +€6,280 | +22.6% |
| Profit (loss) for the period | 9904 | €54,929 | €70,497 | +€15,569 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,929 | €70,497 | +€15,569 | +28.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.