CAUWEL: 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.
CAUWEL
Largest movements
- Tangible fixed assets -€66,111
down €66,111 (-5.7%), from €1.2m to €1.1m
- Cash -€26,375
down €26,375 (-57.5%), from €45,848 to €19,472
mainly Other debts (-€69,724) and Net result for the year (-€35,554)
- Other debts -€69,724
down €69,724 (-9.2%), from €756,080 to €686,357
- Profit (loss) carried forward -€35,554
down €35,554 (-10.3%), from -€345,499 to -€381,053
- Revaluation surpluses -€18,109
down €18,109 (-3.1%), from €574,956 to €556,847
- Reserves +€18,109
up €18,109 (+11.9%), from €152,497 to €170,606
of which Distributable reserves: +€18,109
- Gross operating margin -€27,783
down €27,783 (-32.7%), from €84,845 to €57,062
- Depreciation -€1,998
down €1,998 (-2.9%), from €68,109 to €66,111
- Financial charges -€1,255
down €1,255 (-6.8%), from €18,473 to €17,218
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 | €1,204,633 | €1,112,147 | -€92,487 | -7.7% |
| Fixed assets | 21/28 | €1,156,004 | €1,089,893 | -€66,111 | -5.7% |
| Tangible fixed assets | 22/27 | €1,156,004 | €1,089,893 | -€66,111 | -5.7% |
| Land and buildings | 22 | €1,156,004 | €1,089,893 | -€66,111 | -5.7% |
| Current assets | 29/58 | €48,629 | €22,254 | -€26,375 | -54.2% |
| Amounts receivable within one year | 40/41 | €2,782 | €2,782 | = | 0.0% |
| Other amounts receivable | 41 | €2,782 | €2,782 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,848 | €19,472 | -€26,375 | -57.5% |
| Total equity and liabilities | 10/49 | €1,204,633 | €1,112,147 | -€92,487 | -7.7% |
| Equity | 10/15 | €443,954 | €408,399 | -€35,554 | -8.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €574,956 | €556,847 | -€18,109 | -3.1% |
| Reserves | 13 | €152,497 | €170,606 | +€18,109 | +11.9% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €149,398 | €167,507 | +€18,109 | +12.1% |
| Profit (loss) carried forward | 14 | -€345,499 | -€381,053 | -€35,554 | -10.3% |
| Amounts payable | 17/49 | €760,680 | €703,747 | -€56,932 | -7.5% |
| Amounts payable within one year | 42/48 | €756,080 | €687,339 | -€68,741 | -9.1% |
| Trade debts | 44 | - | €982 | +€982 | |
| Suppliers | 440/4 | - | €982 | +€982 | |
| Other amounts payable | 47/48 | €756,080 | €686,357 | -€69,724 | -9.2% |
| Accrued charges and deferred income | 492/3 | €4,599 | €16,408 | +€11,809 | +257% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,109 | €66,111 | -€1,998 | -2.9% |
| Other operating charges | 640/8 | €8,966 | €9,287 | +€322 | +3.6% |
| Gross operating margin | 9900 | €84,845 | €57,062 | -€27,783 | -32.7% |
| Operating profit (loss) | 9901 | €7,771 | -€18,336 | -€26,107 | |
| Financial charges | 65/66B | €18,473 | €17,218 | -€1,255 | -6.8% |
| Recurring financial charges | 65 | €18,473 | €17,218 | -€1,255 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,703 | -€35,554 | -€24,852 | -232% |
| Profit (loss) for the period | 9904 | -€10,703 | -€35,554 | -€24,852 | -232% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,703 | -€35,554 | -€24,852 | -232% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.