CAUTER: 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.
CAUTER
Largest movements
- Receivables within one year -€6,965
down €6,965 (-46.4%), from €15,024 to €8,059
of which Other amounts receivable: -€7,494
- Cash -€6,093
down €6,093 (-4.5%), from €134,061 to €127,968
mainly Trade debts (-€16,584) and Contributions, distributions and other (-€8,611)
- Tangible fixed assets -€3,316
down €3,316 (-21.3%), from €15,586 to €12,270
of which Other tangible fixed assets: -€1,785
- Trade debts -€16,584
down €16,584 (-32.0%), from €51,828 to €35,244
- Tax, wage and social debts +€8,278
up €8,278 (+41.0%), from €20,207 to €28,485
of which Remuneration and social security: +€5,754
- Reserves -€4,579
down €4,579 (-5.4%), from €84,831 to €80,252
of which Distributable reserves: -€4,579
- Gross operating margin -€7,938
down €7,938 (-6.4%), from €124,845 to €116,908
- Taxes -€3,204
down €3,204 (-48.3%), from €6,627 to €3,423
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 | €270,267 | €256,068 | -€14,199 | -5.3% |
| Fixed assets | 21/28 | €110,322 | €107,005 | -€3,316 | -3.0% |
| Tangible fixed assets | 22/27 | €15,586 | €12,270 | -€3,316 | -21.3% |
| Plant, machinery and equipment | 23 | €8,455 | €6,924 | -€1,531 | -18.1% |
| Other tangible fixed assets | 26 | €7,131 | €5,346 | -€1,785 | -25.0% |
| Financial fixed assets | 28 | €94,736 | €94,736 | = | 0.0% |
| Current assets | 29/58 | €159,946 | €149,063 | -€10,883 | -6.8% |
| Stocks and contracts in progress | 3 | €7,525 | €9,030 | +€1,505 | +20.0% |
| Stocks | 30/36 | €7,525 | €9,030 | +€1,505 | +20.0% |
| Amounts receivable within one year | 40/41 | €15,024 | €8,059 | -€6,965 | -46.4% |
| Trade receivables | 40 | €1,408 | €1,937 | +€529 | +37.6% |
| Other amounts receivable | 41 | €13,616 | €6,122 | -€7,494 | -55.0% |
| Cash at bank and in hand | 54/58 | €134,061 | €127,968 | -€6,093 | -4.5% |
| Deferred charges and accrued income | 490/1 | €3,336 | €4,006 | +€670 | +20.1% |
| Total equity and liabilities | 10/49 | €270,267 | €256,068 | -€14,199 | -5.3% |
| Equity | 10/15 | €196,918 | €192,339 | -€4,579 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,831 | €80,252 | -€4,579 | -5.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €82,971 | €78,392 | -€4,579 | -5.5% |
| Profit (loss) carried forward | 14 | €93,487 | €93,487 | = | 0.0% |
| Amounts payable | 17/49 | €73,349 | €63,729 | -€9,620 | -13.1% |
| Amounts payable within one year | 42/48 | €73,349 | €63,729 | -€9,620 | -13.1% |
| Trade debts | 44 | €51,828 | €35,244 | -€16,584 | -32.0% |
| Suppliers | 440/4 | €51,828 | €35,244 | -€16,584 | -32.0% |
| Taxes, remuneration and social security | 45 | €20,207 | €28,485 | +€8,278 | +41.0% |
| Taxes | 450/3 | €2,010 | €4,533 | +€2,523 | +125.5% |
| Remuneration and social security | 454/9 | €18,197 | €23,951 | +€5,754 | +31.6% |
| Other amounts payable | 47/48 | €1,314 | - | -€1,314 | |
| Remuneration, social security and pensions | 62 | €99,924 | €100,685 | +€761 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,721 | €4,473 | +€751 | +20.2% |
| Other operating charges | 640/8 | €1,746 | €2,886 | +€1,139 | +65.2% |
| Gross operating margin | 9900 | €124,845 | €116,908 | -€7,938 | -6.4% |
| Operating profit (loss) | 9901 | €19,454 | €8,865 | -€10,589 | -54.4% |
| Financial income | 75/76B | €4,020 | €2,820 | -€1,199 | -29.8% |
| Recurring financial income | 75 | €4,020 | €2,820 | -€1,199 | -29.8% |
| Financial charges | 65/66B | €3,638 | €4,230 | +€592 | +16.3% |
| Recurring financial charges | 65 | €3,638 | €4,230 | +€592 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €19,835 | €7,455 | -€12,380 | -62.4% |
| Income taxes | 67/77 | €6,627 | €3,423 | -€3,204 | -48.3% |
| Profit (loss) for the period | 9904 | €13,208 | €4,032 | -€9,177 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,208 | €4,032 | -€9,177 | -69.5% |
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 3 October 2026 via checked.be.