Cave Caenem: 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.
Cave Caenem
Largest movements
- Receivables within one year -€18,954
down €18,954 (-39.7%), from €47,792 to €28,838
of which Other amounts receivable: -€18,916
- Cash +€14,687
up €14,687 (+20.0%), from €73,298 to €87,985
mainly Net result for the year (+€139,210) and Receivables within one year (+€18,954)
- Tangible fixed assets -€2,712
down €2,712 (-27.8%), from €9,749 to €7,037
of which Other tangible fixed assets: -€1,476
- Other debts -€6,710
down €6,710 (-6.2%), from €108,326 to €101,616
- Gross operating margin +€40,776
up €40,776 (+28.2%), from €144,740 to €185,517
- Taxes +€10,421
up €10,421 (+32.9%), from €31,687 to €42,108
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 | €132,314 | €125,975 | -€6,340 | -4.8% |
| Fixed assets | 21/28 | €9,749 | €7,037 | -€2,712 | -27.8% |
| Tangible fixed assets | 22/27 | €9,749 | €7,037 | -€2,712 | -27.8% |
| Plant, machinery and equipment | 23 | €1,137 | €736 | -€401 | -35.3% |
| Furniture and vehicles | 24 | €3,295 | €2,461 | -€834 | -25.3% |
| Other tangible fixed assets | 26 | €5,317 | €3,840 | -€1,476 | -27.8% |
| Current assets | 29/58 | €122,566 | €118,938 | -€3,628 | -3.0% |
| Amounts receivable within one year | 40/41 | €47,792 | €28,838 | -€18,954 | -39.7% |
| Trade receivables | 40 | €28,875 | €28,838 | -€37 | -0.1% |
| Other amounts receivable | 41 | €18,916 | - | -€18,916 | |
| Cash at bank and in hand | 54/58 | €73,298 | €87,985 | +€14,687 | +20.0% |
| Deferred charges and accrued income | 490/1 | €1,476 | €2,114 | +€638 | +43.3% |
| Total equity and liabilities | 10/49 | €132,314 | €125,975 | -€6,340 | -4.8% |
| Equity | 10/15 | €1 | €1 | = | 0.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Amounts payable | 17/49 | €132,313 | €125,974 | -€6,340 | -4.8% |
| Amounts payable within one year | 42/48 | €132,313 | €125,974 | -€6,340 | -4.8% |
| Financial debts | 43 | €7,668 | €7,627 | -€40 | -0.5% |
| Credit institutions | 430/8 | €7,668 | €7,627 | -€40 | -0.5% |
| Trade debts | 44 | €281 | €814 | +€533 | +190% |
| Suppliers | 440/4 | €281 | €814 | +€533 | +190% |
| Taxes, remuneration and social security | 45 | €16,039 | €15,916 | -€123 | -0.8% |
| Taxes | 450/3 | €16,039 | €15,916 | -€123 | -0.8% |
| Other amounts payable | 47/48 | €108,326 | €101,616 | -€6,710 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,377 | €2,712 | +€334 | +14.1% |
| Other operating charges | 640/8 | €851 | €543 | -€309 | -36.3% |
| Gross operating margin | 9900 | €144,740 | €185,517 | +€40,776 | +28.2% |
| Operating profit (loss) | 9901 | €141,512 | €182,263 | +€40,751 | +28.8% |
| Financial income | 75/76B | €264 | €336 | +€72 | +27.3% |
| Recurring financial income | 75 | €264 | €336 | +€72 | +27.3% |
| Financial charges | 65/66B | €1,763 | €1,280 | -€483 | -27.4% |
| Recurring financial charges | 65 | €1,763 | €1,280 | -€483 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €140,013 | €181,318 | +€41,306 | +29.5% |
| Income taxes | 67/77 | €31,687 | €42,108 | +€10,421 | +32.9% |
| Profit (loss) for the period | 9904 | €108,326 | €139,210 | +€30,885 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €108,326 | €139,210 | +€30,885 | +28.5% |
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 14 October 2026 via checked.be.