CAVEKA: 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.
CAVEKA
Largest movements
- Tangible fixed assets -€13,835
down €13,835 (-4.9%), from €280,465 to €266,630
- Receivables within one year +€8,274
up €8,274 (+1.5%), from €540,601 to €548,874
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€3,750
down €3,750 (-60.4%), from -€6,213 to -€9,963
- Other operating charges +€900
up €900 (+47.2%), from €1,904 to €2,804
- Financial income +€328
up €328 (+2.1%), from €15,746 to €16,074
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 | €822,896 | €815,505 | -€7,391 | -0.9% |
| Fixed assets | 21/28 | €280,465 | €266,630 | -€13,835 | -4.9% |
| Tangible fixed assets | 22/27 | €280,465 | €266,630 | -€13,835 | -4.9% |
| Land and buildings | 22 | €280,465 | €266,630 | -€13,835 | -4.9% |
| Current assets | 29/58 | €542,430 | €548,874 | +€6,444 | +1.2% |
| Amounts receivable within one year | 40/41 | €540,601 | €548,874 | +€8,274 | +1.5% |
| Other amounts receivable | 41 | €540,601 | €548,874 | +€8,274 | +1.5% |
| Cash at bank and in hand | 54/58 | €1,065 | €0 | -€1,065 | -100.0% |
| Deferred charges and accrued income | 490/1 | €765 | €0 | -€765 | -100.0% |
| Total equity and liabilities | 10/49 | €822,896 | €815,505 | -€7,391 | -0.9% |
| Equity | 10/15 | €517,194 | €508,118 | -€9,076 | -1.8% |
| Contributions | 10/11 | €365,000 | €365,000 | = | 0.0% |
| Capital | 10 | €365,000 | €365,000 | = | 0.0% |
| Issued capital | 100 | €365,000 | €365,000 | = | 0.0% |
| Reserves | 13 | €40,559 | €35,328 | -€5,231 | -12.9% |
| Non-distributable reserves | 130/1 | €6,083 | €6,083 | = | 0.0% |
| Legal reserve | 130 | €6,083 | €6,083 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,476 | €29,244 | -€5,231 | -15.2% |
| Profit (loss) carried forward | 14 | €111,635 | €107,791 | -€3,844 | -3.4% |
| Provisions and deferred taxes | 16 | €14,482 | €12,284 | -€2,197 | -15.2% |
| Deferred taxes | 168 | €14,482 | €12,284 | -€2,197 | -15.2% |
| Amounts payable | 17/49 | €291,220 | €295,102 | +€3,882 | +1.3% |
| Amounts payable after more than one year | 17 | €125,000 | €125,000 | = | 0.0% |
| Financial debts | 170/4 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €113,720 | €117,602 | +€3,882 | +3.4% |
| Financial debts | 43 | €0 | €4,325 | +€4,325 | |
| Credit institutions | 430/8 | €0 | €4,325 | +€4,325 | |
| Trade debts | 44 | €4,271 | €3,829 | -€442 | -10.4% |
| Suppliers | 440/4 | €4,271 | €3,829 | -€442 | -10.4% |
| Other amounts payable | 47/48 | €109,449 | €109,449 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €52,500 | €52,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,835 | €13,835 | = | 0.0% |
| Other operating charges | 640/8 | €1,904 | €2,804 | +€900 | +47.2% |
| Gross operating margin | 9900 | -€6,213 | -€9,963 | -€3,750 | -60.4% |
| Operating profit (loss) | 9901 | -€21,952 | -€26,602 | -€4,650 | -21.2% |
| Financial income | 75/76B | €15,746 | €16,074 | +€328 | +2.1% |
| Recurring financial income | 75 | €15,746 | €16,074 | +€328 | +2.1% |
| Financial charges | 65/66B | €807 | €745 | -€62 | -7.7% |
| Recurring financial charges | 65 | €807 | €745 | -€62 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,014 | -€11,273 | -€4,259 | -60.7% |
| Transfer from deferred taxes | 780 | €2,197 | €2,197 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€4,817 | -€9,076 | -€4,259 | -88.4% |
| Transfer from tax-exempt reserves | 789 | €5,231 | €5,231 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €415 | -€3,844 | -€4,259 |
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 6 October 2026 via checked.be.