CAVER: 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.
CAVER
Largest movements
- Cash +€47,530
up €47,530 (+6035.2%), from €788 to €48,318
mainly Depreciation (+€35,027) and Stocks and contracts (+€31,411)
- Stocks and contracts -€31,411
no longer reported in 2025 (was €31,411)
- Tangible fixed assets -€15,851
down €15,851 (-5.5%), from €289,379 to €273,528
of which Land and buildings: -€24,129
- Other debts -€10,214
down €10,214 (-78.9%), from €12,945 to €2,731
- Gross operating margin +€80,287
up €80,287 (+10650.7%), from €754 to €81,041
- Staff costs +€8,402
up €8,402 (+24.1%), from €34,904 to €43,306
- Depreciation -€854
down €854 (-2.4%), from €35,881 to €35,027
- Other operating charges +€829
up €829 (+32.3%), from €2,565 to €3,395
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 | €573,247 | €565,577 | -€7,670 | -1.3% |
| Fixed assets | 21/28 | €307,849 | €289,998 | -€17,851 | -5.8% |
| Intangible fixed assets | 21 | €18,170 | €16,170 | -€2,000 | -11.0% |
| Tangible fixed assets | 22/27 | €289,379 | €273,528 | -€15,851 | -5.5% |
| Land and buildings | 22 | €252,497 | €228,368 | -€24,129 | -9.6% |
| Plant, machinery and equipment | 23 | €13,889 | €10,489 | -€3,400 | -24.5% |
| Furniture and vehicles | 24 | €22,993 | €34,672 | +€11,678 | +50.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €265,398 | €275,579 | +€10,181 | +3.8% |
| Amounts receivable after more than one year | 29 | €215,000 | €215,000 | = | 0.0% |
| Other amounts receivable | 291 | €215,000 | €215,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €31,411 | - | -€31,411 | |
| Stocks | 30/36 | €31,411 | - | -€31,411 | |
| Amounts receivable within one year | 40/41 | €17,252 | €12,262 | -€4,991 | -28.9% |
| Trade receivables | 40 | €10,011 | €12,262 | +€2,251 | +22.5% |
| Other amounts receivable | 41 | €7,241 | - | -€7,241 | |
| Cash at bank and in hand | 54/58 | €788 | €48,318 | +€47,530 | +6035.2% |
| Deferred charges and accrued income | 490/1 | €947 | - | -€947 | |
| Total equity and liabilities | 10/49 | €573,247 | €565,577 | -€7,670 | -1.3% |
| Equity | 10/15 | €554,706 | €554,021 | -€684 | -0.1% |
| Contributions | 10/11 | €448,880 | €448,880 | = | 0.0% |
| Capital | 10 | €448,880 | €448,880 | = | 0.0% |
| Issued capital | 100 | €448,880 | €448,880 | = | 0.0% |
| Reserves | 13 | €192,252 | €192,252 | = | 0.0% |
| Non-distributable reserves | 130/1 | €822 | €822 | = | 0.0% |
| Legal reserve | 130 | €822 | €822 | = | 0.0% |
| Distributable reserves | 133 | €191,431 | €191,431 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,427 | -€87,111 | -€684 | -0.8% |
| Amounts payable | 17/49 | €18,542 | €11,556 | -€6,986 | -37.7% |
| Amounts payable within one year | 42/48 | €18,542 | €10,370 | -€8,172 | -44.1% |
| Trade debts | 44 | €3,573 | €2,712 | -€861 | -24.1% |
| Suppliers | 440/4 | €3,573 | €2,712 | -€861 | -24.1% |
| Taxes, remuneration and social security | 45 | €2,023 | €4,926 | +€2,903 | +143.5% |
| Taxes | 450/3 | €127 | €2,968 | +€2,841 | +2235.3% |
| Remuneration and social security | 454/9 | €1,896 | €1,958 | +€63 | +3.3% |
| Other amounts payable | 47/48 | €12,945 | €2,731 | -€10,214 | -78.9% |
| Accrued charges and deferred income | 492/3 | - | €1,186 | +€1,186 | |
| Remuneration, social security and pensions | 62 | €34,904 | €43,306 | +€8,402 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,881 | €35,027 | -€854 | -2.4% |
| Other operating charges | 640/8 | €2,565 | €3,395 | +€829 | +32.3% |
| Non-recurring operating charges | 66A | - | €4,145 | +€4,145 | |
| Gross operating margin | 9900 | €754 | €81,041 | +€80,287 | +10650.7% |
| Operating profit (loss) | 9901 | -€72,596 | -€4,831 | +€67,765 | +93.3% |
| Financial income | 75/76B | €4,300 | €4,300 | = | 0.0% |
| Recurring financial income | 75 | €4,300 | €4,300 | = | 0.0% |
| Financial charges | 65/66B | €277 | €180 | -€97 | -34.9% |
| Recurring financial charges | 65 | €277 | €180 | -€97 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€68,573 | -€712 | +€67,862 | +99.0% |
| Income taxes | 67/77 | €127 | -€28 | -€155 | |
| Profit (loss) for the period | 9904 | -€68,700 | -€684 | +€68,016 | +99.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,700 | -€684 | +€68,016 | +99.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.