Cave Dolorem: 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 Dolorem
Largest movements
- Tangible fixed assets +€120,397
up €120,397 (+617.0%), from €19,512 to €139,909
of which Land and buildings: +€126,179
- Deferred charges and accrued income +€23,419
up €23,419 (+2242.4%), from €1,044 to €24,464
- Receivables within one year +€11,399
new in 2025: €11,399
of which Trade receivables: +€8,712
- Cash -€5,149
down €5,149 (-31.2%), from €16,515 to €11,367
mainly Investment in fixed assets (net) (-€136,467) and Deferred charges and accrued income (-€23,419)
- Debts after one year +€125,465
new in 2025: €125,465
- Current portion of long-term debt +€12,469
new in 2025: €12,469
- Reserves +€11,144
up €11,144 (+254.4%), from €4,381 to €15,525
- Other debts -€6,227
down €6,227 (-24.4%), from €25,477 to €19,250
- Trade debts +€4,860
up €4,860 (+765.1%), from €635 to €5,495
- Gross operating margin +€26,617
up €26,617 (+260.7%), from €10,210 to €36,827
- Depreciation +€9,500
up €9,500 (+144.6%), from €6,570 to €16,070
- Taxes +€2,580
up €2,580 (+145.5%), from €1,773 to €4,353
- Financial charges +€2,495
up €2,495 (+5734.6%), from €44 to €2,538
- Other operating charges +€1,155
up €1,155 (+73.7%), from €1,568 to €2,722
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 | €37,072 | €187,139 | +€150,067 | +404.8% |
| Fixed assets | 21/28 | €19,512 | €139,909 | +€120,397 | +617.0% |
| Tangible fixed assets | 22/27 | €19,512 | €139,909 | +€120,397 | +617.0% |
| Land and buildings | 22 | - | €126,179 | +€126,179 | |
| Plant, machinery and equipment | 23 | - | €788 | +€788 | |
| Furniture and vehicles | 24 | €19,512 | €12,942 | -€6,570 | -33.7% |
| Current assets | 29/58 | €17,560 | €47,230 | +€29,670 | +169.0% |
| Amounts receivable within one year | 40/41 | - | €11,399 | +€11,399 | |
| Trade receivables | 40 | - | €8,712 | +€8,712 | |
| Other amounts receivable | 41 | - | €2,688 | +€2,688 | |
| Cash at bank and in hand | 54/58 | €16,515 | €11,367 | -€5,149 | -31.2% |
| Deferred charges and accrued income | 490/1 | €1,044 | €24,464 | +€23,419 | +2242.4% |
| Total equity and liabilities | 10/49 | €37,072 | €187,139 | +€150,067 | +404.8% |
| Equity | 10/15 | €6,381 | €17,525 | +€11,144 | +174.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €4,381 | €15,525 | +€11,144 | +254.4% |
| Distributable reserves | 133 | €4,381 | €15,525 | +€11,144 | +254.4% |
| Amounts payable | 17/49 | €30,691 | €169,614 | +€138,923 | +452.7% |
| Amounts payable after more than one year | 17 | - | €125,465 | +€125,465 | |
| Financial debts | 170/4 | - | €125,465 | +€125,465 | |
| Amounts payable within one year | 42/48 | €30,691 | €42,650 | +€11,959 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | - | €12,469 | +€12,469 | |
| Trade debts | 44 | €635 | €5,495 | +€4,860 | +765.1% |
| Suppliers | 440/4 | €635 | €5,495 | +€4,860 | +765.1% |
| Taxes, remuneration and social security | 45 | €4,578 | €5,435 | +€857 | +18.7% |
| Taxes | 450/3 | €2,458 | €3,410 | +€952 | +38.7% |
| Remuneration and social security | 454/9 | €2,120 | €2,025 | -€95 | -4.5% |
| Other amounts payable | 47/48 | €25,477 | €19,250 | -€6,227 | -24.4% |
| Accrued charges and deferred income | 492/3 | - | €1,499 | +€1,499 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,570 | €16,070 | +€9,500 | +144.6% |
| Other operating charges | 640/8 | €1,568 | €2,722 | +€1,155 | +73.7% |
| Gross operating margin | 9900 | €10,210 | €36,827 | +€26,617 | +260.7% |
| Operating profit (loss) | 9901 | €2,073 | €18,035 | +€15,962 | +770.1% |
| Financial charges | 65/66B | €44 | €2,538 | +€2,495 | +5734.6% |
| Recurring financial charges | 65 | €44 | €2,538 | +€2,495 | +5734.6% |
| Profit (loss) for the period before taxes | 9903 | €2,029 | €15,497 | +€13,467 | +663.6% |
| Income taxes | 67/77 | €1,773 | €4,353 | +€2,580 | +145.5% |
| Profit (loss) for the period | 9904 | €256 | €11,144 | +€10,888 | +4247.7% |
| Profit (loss) for the period to be appropriated | 9905 | €256 | €11,144 | +€10,888 | +4247.7% |
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 12 October 2026 via checked.be.