CAUMECO: 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.
What changed
CAUMECO
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€173,495
2024 · €281,849-€108,354
Equity
€2.1m
2024 · €2.1m+€48,495
Cash
€571,619
2024 · €554,208+€17,411
Balance sheet total
€5.8m
2024 · €6.5m-€662,779
Largest movements
Assets
- Stocks and contracts -€662,167
down €662,167 (-14.0%), from €4.7m to €4.1m
of which Stocks: -€927,167
Equity and liabilities
- Other debts -€877,000
down €877,000 (-87.4%), from €1.0m to €127,000
- Short-term financial debts +€200,000
up €200,000 (+6.1%), from €3.3m to €3.5m
Income statement
- Gross operating margin -€192,998
down €192,998 (-58.2%), from €331,567 to €138,569
- Financial charges -€66,426
down €66,426 (-34.4%), from €193,202 to €126,776
- Taxes -€14,766
down €14,766 (-43.3%), from €34,095 to €19,330
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.
Result 2024
€281,849
Gross operating margin
-€192,998
Other operating charges
+€785
Financial income
+€2,667
Financial charges
+€66,426
Taxes
+€14,766
Result 2025
€173,495
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.
From operations
-€124,413
Investment
+€50,000
Financing
+€91,824
Cash 2024
€554,208
From operations (derived)
-€124,413
Net result for the year
+€173,495
Stocks and contracts
+€662,167
Receivables within one year
-€31,976
Trade debts
-€349
Tax, wage and social debts
-€47,521
Other debts
-€877,000
Accrued charges and deferred income
-€3,228
Investment (derived)
+€50,000
Investment in fixed assets (net)
+€50,000
Financing
+€91,824
Current portion of long-term debt
+€16,824
Short-term financial debts
+€200,000
Contributions, distributions and other
-€125,000
Cash 2025
€571,619
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,460,885 | €5,798,105 | -€662,779 | -10.3% |
| Fixed assets | 21/28 | €1,153,814 | €1,103,814 | -€50,000 | -4.3% |
| Financial fixed assets | 28 | €1,153,814 | €1,103,814 | -€50,000 | -4.3% |
| Current assets | 29/58 | €5,307,071 | €4,694,292 | -€612,779 | -11.5% |
| Stocks and contracts in progress | 3 | €4,736,956 | €4,074,789 | -€662,167 | -14.0% |
| Stocks | 30/36 | €4,736,956 | €3,809,789 | -€927,167 | -19.6% |
| Contracts in progress | 37 | - | €265,000 | +€265,000 | |
| Amounts receivable within one year | 40/41 | €15,907 | €47,883 | +€31,976 | +201.0% |
| Other amounts receivable | 41 | €15,907 | €47,883 | +€31,976 | +201.0% |
| Cash at bank and in hand | 54/58 | €554,208 | €571,619 | +€17,411 | +3.1% |
| Total equity and liabilities | 10/49 | €6,460,885 | €5,798,105 | -€662,779 | -10.3% |
| Equity | 10/15 | €2,083,024 | €2,131,519 | +€48,495 | +2.3% |
| Contributions | 10/11 | €310,000 | €310,000 | = | 0.0% |
| Capital | 10 | €310,000 | €310,000 | = | 0.0% |
| Issued capital | 100 | €310,000 | €310,000 | = | 0.0% |
| Reserves | 13 | €1,764,000 | €1,809,000 | +€45,000 | +2.6% |
| Non-distributable reserves | 130/1 | €31,000 | €31,000 | = | 0.0% |
| Legal reserve | 130 | €31,000 | €31,000 | = | 0.0% |
| Distributable reserves | 133 | €1,733,000 | €1,778,000 | +€45,000 | +2.6% |
| Profit (loss) carried forward | 14 | €9,024 | €12,519 | +€3,495 | +38.7% |
| Amounts payable | 17/49 | €4,377,860 | €3,666,586 | -€711,274 | -16.2% |
| Amounts payable within one year | 42/48 | €4,369,498 | €3,661,452 | -€708,046 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | - | €16,824 | +€16,824 | |
| Financial debts | 43 | €3,300,000 | €3,500,000 | +€200,000 | +6.1% |
| Credit institutions | 430/8 | €3,300,000 | €3,500,000 | +€200,000 | +6.1% |
| Trade debts | 44 | €977 | €627 | -€349 | -35.8% |
| Suppliers | 440/4 | €977 | €627 | -€349 | -35.8% |
| Taxes, remuneration and social security | 45 | €64,521 | €17,000 | -€47,521 | -73.7% |
| Taxes | 450/3 | €64,521 | €17,000 | -€47,521 | -73.7% |
| Other amounts payable | 47/48 | €1,004,000 | €127,000 | -€877,000 | -87.4% |
| Accrued charges and deferred income | 492/3 | €8,363 | €5,135 | -€3,228 | -38.6% |
| Other operating charges | 640/8 | €1,991 | €1,206 | -€785 | -39.4% |
| Gross operating margin | 9900 | €331,567 | €138,569 | -€192,998 | -58.2% |
| Operating profit (loss) | 9901 | €329,577 | €137,363 | -€192,214 | -58.3% |
| Financial income | 75/76B | €179,569 | €182,237 | +€2,667 | +1.5% |
| Recurring financial income | 75 | €179,569 | €182,237 | +€2,667 | +1.5% |
| Financial charges | 65/66B | €193,202 | €126,776 | -€66,426 | -34.4% |
| Recurring financial charges | 65 | €193,202 | €126,776 | -€66,426 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €315,944 | €192,824 | -€123,120 | -39.0% |
| Income taxes | 67/77 | €34,095 | €19,330 | -€14,766 | -43.3% |
| Profit (loss) for the period | 9904 | €281,849 | €173,495 | -€108,354 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €281,849 | €173,495 | -€108,354 | -38.4% |
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 30 September 2026 via checked.be.