CAUTERMAN-VELGHE: 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.
CAUTERMAN-VELGHE
Largest movements
- Receivables within one year +€36,534
up €36,534 (+395%), from €9,240 to €45,774
of which Other amounts receivable: +€34,822
- Receivables after one year -€31,426
down €31,426 (-100%), from €31,426 to €0
- Other debts +€54,835
up €54,835 (+19.0%), from €288,523 to €343,357
- Debts after one year -€25,762
down €25,762 (-15.2%), from €169,698 to €143,936
- Gross operating margin -€24,012
down €24,012 (-28.3%), from €84,891 to €60,880
- Taxes -€7,371
down €7,371 (-34.1%), from €21,586 to €14,215
- Other operating charges +€2,469
up €2,469 (+1,757%), from €141 to €2,610
- Financial charges +€1,671
up €1,671 (+19.8%), from €8,421 to €10,092
- Financial income +€944
up €944 (+116%), from €811 to €1,755
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 | €1,699,740 | €1,697,779 | -€1,960 | -0.1% |
| Fixed assets | 21/28 | €1,643,294 | €1,643,294 | = | 0.0% |
| Financial fixed assets | 28 | €1,643,294 | €1,643,294 | = | 0.0% |
| Current assets | 29/58 | €56,446 | €54,486 | -€1,960 | -3.5% |
| Amounts receivable after more than one year | 29 | €31,426 | €0 | -€31,426 | -100% |
| Trade receivables | 290 | €31,426 | €0 | -€31,426 | -100% |
| Amounts receivable within one year | 40/41 | €9,240 | €45,774 | +€36,534 | +395% |
| Trade receivables | 40 | - | €1,712 | +€1,712 | |
| Other amounts receivable | 41 | €9,240 | €44,062 | +€34,822 | +377% |
| Cash at bank and in hand | 54/58 | €12,043 | €4,802 | -€7,241 | -60.1% |
| Deferred charges and accrued income | 490/1 | €3,737 | €3,909 | +€172 | +4.6% |
| Total equity and liabilities | 10/49 | €1,699,740 | €1,697,779 | -€1,960 | -0.1% |
| Equity | 10/15 | €1,176,117 | €1,164,835 | -€11,282 | -1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,157,517 | €1,146,235 | -€11,282 | -1.0% |
| 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 | €1,155,657 | €1,144,375 | -€11,282 | -1.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €523,623 | €532,944 | +€9,321 | +1.8% |
| Amounts payable after more than one year | 17 | €169,698 | €143,936 | -€25,762 | -15.2% |
| Financial debts | 170/4 | €169,698 | €143,936 | -€25,762 | -15.2% |
| Amounts payable within one year | 42/48 | €348,240 | €388,552 | +€40,312 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €25,515 | €25,762 | +€247 | +1.0% |
| Financial debts | 43 | €8,188 | €8,442 | +€254 | +3.1% |
| Credit institutions | 430/8 | €8,188 | €8,442 | +€254 | +3.1% |
| Trade debts | 44 | €5,668 | €4,795 | -€874 | -15.4% |
| Suppliers | 440/4 | €5,668 | €4,795 | -€874 | -15.4% |
| Taxes, remuneration and social security | 45 | €20,347 | €6,196 | -€14,150 | -69.5% |
| Taxes | 450/3 | €20,347 | €3,905 | -€16,442 | -80.8% |
| Remuneration and social security | 454/9 | €0 | €2,291 | +€2,291 | |
| Other amounts payable | 47/48 | €288,523 | €343,357 | +€54,835 | +19.0% |
| Accrued charges and deferred income | 492/3 | €5,685 | €456 | -€5,229 | -92.0% |
| Other operating charges | 640/8 | €141 | €2,610 | +€2,469 | +1,757% |
| Gross operating margin | 9900 | €84,891 | €60,880 | -€24,012 | -28.3% |
| Operating profit (loss) | 9901 | €84,751 | €58,270 | -€26,481 | -31.2% |
| Financial income | 75/76B | €811 | €1,755 | +€944 | +116% |
| Recurring financial income | 75 | €811 | €1,755 | +€944 | +116% |
| Financial charges | 65/66B | €8,421 | €10,092 | +€1,671 | +19.8% |
| Recurring financial charges | 65 | €8,421 | €10,092 | +€1,671 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €77,141 | €49,933 | -€27,208 | -35.3% |
| Income taxes | 67/77 | €21,586 | €14,215 | -€7,371 | -34.1% |
| Profit (loss) for the period | 9904 | €55,555 | €35,718 | -€19,836 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,555 | €35,718 | -€19,836 | -35.7% |
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 15 October 2026 via checked.be.