CAVEMAN: 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.
CAVEMAN
Largest movements
- Tangible fixed assets +€254,102
new in 2025: €254,102
of which Assets under construction and advance payments: +€177,120
- Receivables within one year +€5,112
up €5,112 (+13.4%), from €38,185 to €43,296
of which Other amounts receivable: +€5,112
- Other debts +€155,488
up €155,488 (+155.1%), from €100,280 to €255,767
- Trade debts +€129,549
up €129,549 (+7537.8%), from €1,719 to €131,268
- Profit (loss) carried forward -€26,817
down €26,817 (-35.9%), from -€74,601 to -€101,419
- Depreciation +€7,044
new in 2025: €7,044
- Gross operating margin +€1,026
up €1,026 (+5.3%), from -€19,470 to -€18,443
- Taxes +€395
up €395 (+93.9%), from €420 to €815
- Other operating charges -€334
down €334 (-45.5%), from €734 to €400
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 | €40,217 | €298,811 | +€258,593 | +643.0% |
| Fixed assets | 21/28 | - | €254,102 | +€254,102 | |
| Tangible fixed assets | 22/27 | - | €254,102 | +€254,102 | |
| Furniture and vehicles | 24 | - | €76,982 | +€76,982 | |
| Assets under construction and advance payments | 27 | - | €177,120 | +€177,120 | |
| Current assets | 29/58 | €40,217 | €44,708 | +€4,491 | +11.2% |
| Amounts receivable within one year | 40/41 | €38,185 | €43,296 | +€5,112 | +13.4% |
| Trade receivables | 40 | €12,721 | €12,721 | = | 0.0% |
| Other amounts receivable | 41 | €25,464 | €30,575 | +€5,112 | +20.1% |
| Cash at bank and in hand | 54/58 | €1,848 | €1,368 | -€481 | -26.0% |
| Deferred charges and accrued income | 490/1 | €185 | €44 | -€140 | -75.9% |
| Total equity and liabilities | 10/49 | €40,217 | €298,811 | +€258,593 | +643.0% |
| Equity | 10/15 | -€62,201 | -€89,019 | -€26,817 | -43.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,601 | -€101,419 | -€26,817 | -35.9% |
| Amounts payable | 17/49 | €102,418 | €387,829 | +€285,411 | +278.7% |
| Amounts payable within one year | 42/48 | €102,418 | €387,829 | +€285,411 | +278.7% |
| Trade debts | 44 | €1,719 | €131,268 | +€129,549 | +7537.8% |
| Suppliers | 440/4 | €1,719 | €131,268 | +€129,549 | +7537.8% |
| Taxes, remuneration and social security | 45 | €420 | €794 | +€374 | +89.0% |
| Taxes | 450/3 | €420 | €794 | +€374 | +89.0% |
| Other amounts payable | 47/48 | €100,280 | €255,767 | +€155,488 | +155.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,044 | +€7,044 | |
| Other operating charges | 640/8 | €734 | €400 | -€334 | -45.5% |
| Gross operating margin | 9900 | -€19,470 | -€18,443 | +€1,026 | +5.3% |
| Operating profit (loss) | 9901 | -€20,203 | -€25,887 | -€5,684 | -28.1% |
| Financial charges | 65/66B | €176 | €115 | -€61 | -34.8% |
| Recurring financial charges | 65 | €176 | €115 | -€61 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,380 | -€26,002 | -€5,623 | -27.6% |
| Income taxes | 67/77 | €420 | €815 | +€395 | +93.9% |
| Profit (loss) for the period | 9904 | -€20,800 | -€26,817 | -€6,017 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,800 | -€26,817 | -€6,017 | -28.9% |
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 9 October 2026 via checked.be.