CAUTERMAN PROJECTS: 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.
CAUTERMAN PROJECTS
Largest movements
- Receivables within one year -€26,099
down €26,099 (-26.2%), from €99,732 to €73,633
of which Other amounts receivable: -€13,491
- Cash -€21,488
down €21,488 (-44.3%), from €48,459 to €26,972
mainly Other debts (-€45,000) and Contributions, distributions and other (-€45,000)
- Tangible fixed assets -€11,628
down €11,628 (-68.4%), from €17,005 to €5,377
of which Leasing and similar rights: -€14,306
- Deferred charges and accrued income -€2,142
down €2,142 (-84.0%), from €2,551 to €409
- Other debts -€45,000
down €45,000 (-50.0%), from €90,000 to €45,000
- Current portion of long-term debt -€9,587
down €9,587 (-100.0%), from €9,587 to €0
- Debts after one year -€3,190
down €3,190 (-100.0%), from €3,190 to €0
- Tax, wage and social debts -€2,599
down €2,599 (-32.6%), from €7,982 to €5,383
- Trade debts -€1,783
down €1,783 (-43.0%), from €4,144 to €2,361
- Gross operating margin -€52,817
down €52,817 (-45.8%), from €115,356 to €62,539
- Taxes -€2,578
down €2,578 (-66.3%), from €3,889 to €1,311
- Depreciation -€1,367
down €1,367 (-8.3%), from €16,520 to €15,153
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 | €167,748 | €106,391 | -€61,357 | -36.6% |
| Fixed assets | 21/28 | €17,005 | €5,377 | -€11,628 | -68.4% |
| Tangible fixed assets | 22/27 | €17,005 | €5,377 | -€11,628 | -68.4% |
| Furniture and vehicles | 24 | €1,065 | €3,742 | +€2,677 | +251.4% |
| Leasing and similar rights | 25 | €14,306 | €0 | -€14,306 | -100.0% |
| Other tangible fixed assets | 26 | €1,635 | €1,635 | = | 0.0% |
| Current assets | 29/58 | €150,742 | €101,014 | -€49,729 | -33.0% |
| Amounts receivable within one year | 40/41 | €99,732 | €73,633 | -€26,099 | -26.2% |
| Trade receivables | 40 | €15,870 | €3,263 | -€12,608 | -79.4% |
| Other amounts receivable | 41 | €83,862 | €70,370 | -€13,491 | -16.1% |
| Cash at bank and in hand | 54/58 | €48,459 | €26,972 | -€21,488 | -44.3% |
| Deferred charges and accrued income | 490/1 | €2,551 | €409 | -€2,142 | -84.0% |
| Total equity and liabilities | 10/49 | €167,748 | €106,391 | -€61,357 | -36.6% |
| Equity | 10/15 | €52,846 | €53,648 | +€802 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,646 | €47,448 | +€802 | +1.7% |
| 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 | €44,786 | €45,588 | +€802 | +1.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €114,902 | €52,743 | -€62,159 | -54.1% |
| Amounts payable after more than one year | 17 | €3,190 | €0 | -€3,190 | -100.0% |
| Financial debts | 170/4 | €3,190 | €0 | -€3,190 | -100.0% |
| Amounts payable within one year | 42/48 | €111,712 | €52,743 | -€58,969 | -52.8% |
| Current portion of amounts payable after more than one year | 42 | €9,587 | €0 | -€9,587 | -100.0% |
| Trade debts | 44 | €4,144 | €2,361 | -€1,783 | -43.0% |
| Suppliers | 440/4 | €4,144 | €2,361 | -€1,783 | -43.0% |
| Taxes, remuneration and social security | 45 | €7,982 | €5,383 | -€2,599 | -32.6% |
| Taxes | 450/3 | €7,982 | €5,383 | -€2,599 | -32.6% |
| Other amounts payable | 47/48 | €90,000 | €45,000 | -€45,000 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,520 | €15,153 | -€1,367 | -8.3% |
| Other operating charges | 640/8 | €1,637 | €1,602 | -€35 | -2.2% |
| Gross operating margin | 9900 | €115,356 | €62,539 | -€52,817 | -45.8% |
| Operating profit (loss) | 9901 | €97,198 | €45,783 | -€51,415 | -52.9% |
| Financial income | 75/76B | €1,836 | €1,555 | -€281 | -15.3% |
| Recurring financial income | 75 | €1,836 | €1,555 | -€281 | -15.3% |
| Financial charges | 65/66B | €441 | €225 | -€216 | -49.0% |
| Recurring financial charges | 65 | €441 | €225 | -€216 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €98,592 | €47,113 | -€51,479 | -52.2% |
| Income taxes | 67/77 | €3,889 | €1,311 | -€2,578 | -66.3% |
| Profit (loss) for the period | 9904 | €94,703 | €45,802 | -€48,901 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €94,703 | €45,802 | -€48,901 | -51.6% |
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.