CAUWENBERGHS GREGORY: what changed
CAUWENBERGHS GREGORY
Largest movements
- Tangible fixed assets -€18,932
down €18,932 (-7.9%), from €239,551 to €220,618
of which Land and buildings: -€22,810
- Cash -€10,133
down €10,133 (-52.4%), from €19,335 to €9,201
mainly Debts after one year (-€39,366) and Investment in fixed assets (net) (-€4,236)
- Debts after one year -€39,366
down €39,366 (-30.9%), from €127,289 to €87,923
- Reserves +€8,840
up €8,840 (+52.0%), from €17,000 to €25,840
- Tax, wage and social debts -€3,907
down €3,907 (-46.3%), from €8,435 to €4,528
- Gross operating margin -€11,753
down €11,753 (-18.5%), from €63,578 to €51,825
- Taxes -€3,907
down €3,907 (-46.3%), from €8,435 to €4,528
- Depreciation +€2,424
up €2,424 (+11.7%), from €20,744 to €23,168
- Financial charges -€1,350
down €1,350 (-14.0%), from €9,609 to €8,259
- Financial income +€766
up €766 (+63.0%), from €1,216 to €1,981
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €296,279 | €264,458 | -€31,821 | -10.7% |
| Fixed assets | 21/28 | €239,551 | €220,618 | -€18,932 | -7.9% |
| Tangible fixed assets | 22/27 | €239,551 | €220,618 | -€18,932 | -7.9% |
| Land and buildings | 22 | €239,551 | €216,740 | -€22,810 | -9.5% |
| Furniture and vehicles | 24 | - | €3,878 | +€3,878 | |
| Current assets | 29/58 | €56,728 | €43,840 | -€12,888 | -22.7% |
| Amounts receivable within one year | 40/41 | €32,544 | €30,862 | -€1,683 | -5.2% |
| Other amounts receivable | 41 | €32,544 | €30,862 | -€1,683 | -5.2% |
| Cash at bank and in hand | 54/58 | €19,335 | €9,201 | -€10,133 | -52.4% |
| Deferred charges and accrued income | 490/1 | €4,849 | €3,776 | -€1,073 | -22.1% |
| Total equity and liabilities | 10/49 | €296,279 | €264,458 | -€31,821 | -10.7% |
| Equity | 10/15 | €111,386 | €120,231 | +€8,845 | +7.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €17,000 | €25,840 | +€8,840 | +52.0% |
| Distributable reserves | 133 | €17,000 | €25,840 | +€8,840 | +52.0% |
| Profit (loss) carried forward | 14 | €44,386 | €44,391 | +€5 | 0.0% |
| Amounts payable | 17/49 | €184,892 | €144,227 | -€40,666 | -22.0% |
| Amounts payable after more than one year | 17 | €127,289 | €87,923 | -€39,366 | -30.9% |
| Financial debts | 170/4 | €127,289 | €87,923 | -€39,366 | -30.9% |
| Amounts payable within one year | 42/48 | €53,261 | €52,132 | -€1,129 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €37,249 | €39,366 | +€2,117 | +5.7% |
| Trade debts | 44 | €1,948 | €2,608 | +€661 | +33.9% |
| Suppliers | 440/4 | €1,948 | €2,608 | +€661 | +33.9% |
| Taxes, remuneration and social security | 45 | €8,435 | €4,528 | -€3,907 | -46.3% |
| Taxes | 450/3 | €8,435 | €4,528 | -€3,907 | -46.3% |
| Other amounts payable | 47/48 | €5,630 | €5,630 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,342 | €4,172 | -€171 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,744 | €23,168 | +€2,424 | +11.7% |
| Other operating charges | 640/8 | €8,715 | €9,005 | +€290 | +3.3% |
| Gross operating margin | 9900 | €63,578 | €51,825 | -€11,753 | -18.5% |
| Operating profit (loss) | 9901 | €34,119 | €19,651 | -€14,468 | -42.4% |
| Financial income | 75/76B | €1,216 | €1,981 | +€766 | +63.0% |
| Recurring financial income | 75 | €1,216 | €1,981 | +€766 | +63.0% |
| Financial charges | 65/66B | €9,609 | €8,259 | -€1,350 | -14.0% |
| Recurring financial charges | 65 | €9,609 | €8,259 | -€1,350 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €25,726 | €13,373 | -€12,352 | -48.0% |
| Income taxes | 67/77 | €8,435 | €4,528 | -€3,907 | -46.3% |
| Profit (loss) for the period | 9904 | €17,291 | €8,845 | -€8,445 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,291 | €8,845 | -€8,445 | -48.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.