CAVE P.: what changed
Two fiscal 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 P.
Largest movements
- Cash +€26,241
up €26,241 (+45.3%), from €57,976 to €84,217
mainly Net result for the year (+€45,482) and Depreciation (+€24,061)
- Tangible fixed assets +€22,460
up €22,460 (+24.5%), from €91,591 to €114,052
of which Furniture and vehicles: +€25,641
- Reserves +€43,816
up €43,816 (+136.8%), from €32,035 to €75,852
- Other debts -€20,343
down €20,343 (-22.0%), from €92,608 to €72,265
- Debts after one year +€10,672
up €10,672 (+77.6%), from €13,745 to €24,416
- Tax, wage and social debts +€6,120
up €6,120 (+293.0%), from €2,088 to €8,208
of which Remuneration and social security: +€3,600
- Current portion of long-term debt +€4,591
up €4,591 (+120.8%), from €3,800 to €8,391
- Gross operating margin +€7,878
up €7,878 (+10.3%), from €76,540 to €84,418
- Other operating charges -€7,355
down €7,355 (-69.6%), from €10,575 to €3,220
- Depreciation +€5,139
up €5,139 (+27.2%), from €18,922 to €24,061
- Financial income +€4,698
new in 2025: €4,698
of which Financial income: +€4,698
- Financial charges +€3,947
up €3,947 (+253.7%), from €1,556 to €5,502
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 | €149,567 | €198,269 | +€48,701 | +32.6% |
| Fixed assets | 21/28 | €91,591 | €114,052 | +€22,460 | +24.5% |
| Tangible fixed assets | 22/27 | €91,591 | €114,052 | +€22,460 | +24.5% |
| Plant, machinery and equipment | 23 | €28,625 | €25,444 | -€3,181 | -11.1% |
| Furniture and vehicles | 24 | €62,967 | €88,608 | +€25,641 | +40.7% |
| Current assets | 29/58 | €57,976 | €84,217 | +€26,241 | +45.3% |
| Cash at bank and in hand | 54/58 | €57,976 | €84,217 | +€26,241 | +45.3% |
| Total equity and liabilities | 10/49 | €149,567 | €198,269 | +€48,701 | +32.6% |
| Equity | 10/15 | €37,035 | €80,852 | +€43,816 | +118.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,035 | €75,852 | +€43,816 | +136.8% |
| Distributable reserves | 133 | €32,035 | €75,852 | +€43,816 | +136.8% |
| Amounts payable | 17/49 | €112,532 | €117,417 | +€4,885 | +4.3% |
| Amounts payable after more than one year | 17 | €13,745 | €24,416 | +€10,672 | +77.6% |
| Financial debts | 170/4 | €13,745 | €24,416 | +€10,672 | +77.6% |
| Amounts payable within one year | 42/48 | €98,788 | €90,379 | -€8,409 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €3,800 | €8,391 | +€4,591 | +120.8% |
| Trade debts | 44 | €291 | €1,514 | +€1,223 | +420.4% |
| Suppliers | 440/4 | €291 | €1,514 | +€1,223 | +420.4% |
| Taxes, remuneration and social security | 45 | €2,088 | €8,208 | +€6,120 | +293.0% |
| Taxes | 450/3 | €2,088 | €4,608 | +€2,520 | +120.7% |
| Remuneration and social security | 454/9 | - | €3,600 | +€3,600 | |
| Other amounts payable | 47/48 | €92,608 | €72,265 | -€20,343 | -22.0% |
| Accrued charges and deferred income | 492/3 | - | €2,622 | +€2,622 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,922 | €24,061 | +€5,139 | +27.2% |
| Other operating charges | 640/8 | €10,575 | €3,220 | -€7,355 | -69.6% |
| Gross operating margin | 9900 | €76,540 | €84,418 | +€7,878 | +10.3% |
| Operating profit (loss) | 9901 | €47,043 | €57,137 | +€10,095 | +21.5% |
| Financial income | 75/76B | - | €4,698 | +€4,698 | |
| Recurring financial income | 75 | - | €4,698 | +€4,698 | |
| Non-recurring financial income | 76B | - | €4,698 | +€4,698 | |
| Financial charges | 65/66B | €1,556 | €5,502 | +€3,947 | +253.7% |
| Recurring financial charges | 65 | €1,556 | €5,502 | +€3,947 | +253.7% |
| Profit (loss) for the period before taxes | 9903 | €45,487 | €56,333 | +€10,846 | +23.8% |
| Income taxes | 67/77 | €11,786 | €10,850 | -€936 | -7.9% |
| Profit (loss) for the period | 9904 | €33,701 | €45,482 | +€11,781 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,701 | €45,482 | +€11,781 | +35.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.