CAUS INVEST: 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.
CAUS INVEST
Largest movements
- Cash -€423,781
down €423,781 (-85.6%), from €494,974 to €71,193
mainly Debts after one year (-€287,736) and Net result for the year (-€148,010)
- Tangible fixed assets -€53,894
down €53,894 (-2.4%), from €2.2m to €2.2m
of which Land and buildings: -€58,108
- Debts after one year -€287,736
down €287,736 (-19.1%), from €1.5m to €1.2m
of which Financial debts: -€287,736
- Reserves -€148,010
down €148,010 (-34.6%), from €427,937 to €279,927
of which Distributable reserves: -€131,680
- Trade debts -€56,551
down €56,551 (-91.3%), from €61,967 to €5,416
- Accrued charges and deferred income +€34,648
up €34,648 (+499%), from €6,942 to €41,590
- Gross operating margin -€208,834
down €208,834, from €159,216 to -€49,618
- Financial charges -€11,838
down €11,838 (-30.1%), from €39,356 to €27,518
- Taxes +€2,567
up €2,567 (+446%), from €575 to €3,142
- Other operating charges -€2,456
down €2,456 (-20.4%), from €12,054 to €9,599
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 | €2,983,320 | €2,504,041 | -€479,279 | -16.1% |
| Fixed assets | 21/28 | €2,244,705 | €2,190,811 | -€53,894 | -2.4% |
| Tangible fixed assets | 22/27 | €2,243,847 | €2,189,953 | -€53,894 | -2.4% |
| Land and buildings | 22 | €1,270,659 | €1,212,551 | -€58,108 | -4.6% |
| Plant, machinery and equipment | 23 | - | €4,214 | +€4,214 | |
| Assets under construction and advance payments | 27 | €973,188 | €973,188 | = | 0.0% |
| Financial fixed assets | 28 | €858 | €858 | = | 0.0% |
| Current assets | 29/58 | €738,615 | €313,231 | -€425,385 | -57.6% |
| Amounts receivable within one year | 40/41 | €242,509 | €241,601 | -€908 | -0.4% |
| Trade receivables | 40 | €44,071 | €35,412 | -€8,660 | -19.6% |
| Other amounts receivable | 41 | €198,437 | €206,189 | +€7,752 | +3.9% |
| Cash at bank and in hand | 54/58 | €494,974 | €71,193 | -€423,781 | -85.6% |
| Deferred charges and accrued income | 490/1 | €1,133 | €437 | -€696 | -61.4% |
| Total equity and liabilities | 10/49 | €2,983,320 | €2,504,041 | -€479,279 | -16.1% |
| Equity | 10/15 | €489,937 | €341,927 | -€148,010 | -30.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €427,937 | €279,927 | -€148,010 | -34.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,330 | - | -€16,330 | |
| Distributable reserves | 133 | €405,408 | €273,727 | -€131,680 | -32.5% |
| Amounts payable | 17/49 | €2,493,383 | €2,162,114 | -€331,268 | -13.3% |
| Amounts payable after more than one year | 17 | €1,507,831 | €1,220,094 | -€287,736 | -19.1% |
| Financial debts | 170/4 | €1,007,831 | €720,094 | -€287,736 | -28.6% |
| Other amounts payable | 178/9 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €978,610 | €900,430 | -€78,180 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €122,908 | €107,302 | -€15,606 | -12.7% |
| Trade debts | 44 | €61,967 | €5,416 | -€56,551 | -91.3% |
| Suppliers | 440/4 | €61,967 | €5,416 | -€56,551 | -91.3% |
| Taxes, remuneration and social security | 45 | €24,291 | €14,612 | -€9,679 | -39.8% |
| Taxes | 450/3 | €24,291 | €14,612 | -€9,679 | -39.8% |
| Other amounts payable | 47/48 | €769,444 | €773,101 | +€3,657 | +0.5% |
| Accrued charges and deferred income | 492/3 | €6,942 | €41,590 | +€34,648 | +499% |
| Non-recurring operating income | 76A | €135,122 | - | -€135,122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,525 | €58,309 | -€216 | -0.4% |
| Other operating charges | 640/8 | €12,054 | €9,599 | -€2,456 | -20.4% |
| Gross operating margin | 9900 | €159,216 | -€49,618 | -€208,834 | |
| Operating profit (loss) | 9901 | €88,636 | -€117,526 | -€206,162 | |
| Financial income | 75/76B | €1 | €176 | +€175 | +22,417% |
| Recurring financial income | 75 | €1 | €176 | +€175 | +22,417% |
| Financial charges | 65/66B | €39,356 | €27,518 | -€11,838 | -30.1% |
| Recurring financial charges | 65 | €39,356 | €27,518 | -€11,838 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €49,281 | -€144,868 | -€194,149 | |
| Income taxes | 67/77 | €575 | €3,142 | +€2,567 | +446% |
| Profit (loss) for the period | 9904 | €48,706 | -€148,010 | -€196,717 | |
| Transfer from tax-exempt reserves | 789 | - | €16,330 | +€16,330 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,706 | -€131,680 | -€180,387 |
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 26 October 2026 via checked.be.