CAVES LENOIR: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
CAVES LENOIR
Largest movements
- Tangible fixed assets +€136,692
up €136,692 (+166%), from €82,187 to €218,879
of which Other tangible fixed assets: +€100,899
- Receivables within one year -€10,678
down €10,678 (-19.0%), from €56,273 to €45,595
of which Trade receivables: -€9,057
- Deferred charges and accrued income -€3,863
down €3,863 (-81.1%), from €4,761 to €898
- Debts after one year +€80,020
up €80,020 (+167%), from €47,789 to €127,809
- Current portion of long-term debt +€20,704
up €20,704 (+93.6%), from €22,121 to €42,825
- Reserves +€13,240
up €13,240 (+21.2%), from €62,372 to €75,612
- Tax, wage and social debts +€9,601
up €9,601 (+103%), from €9,318 to €18,919
- Other debts +€7,007
up €7,007 (+160%), from €4,385 to €11,392
- Depreciation +€7,261
up €7,261 (+26.4%), from €27,500 to €34,761
- Gross operating margin +€5,691
up €5,691 (+10.8%), from €52,590 to €58,281
- Taxes -€5,464
down €5,464 (-74.2%), from €7,365 to €1,901
- Financial charges +€2,940
up €2,940 (+79.1%), from €3,716 to €6,656
- Staff costs -€878
down €878 (-100%), from €878 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €220,415 | €346,266 | +€125,852 | +57.1% |
| Fixed assets | 21/28 | €82,187 | €218,879 | +€136,692 | +166% |
| Tangible fixed assets | 22/27 | €82,187 | €218,879 | +€136,692 | +166% |
| Plant, machinery and equipment | 23 | €7,964 | €8,065 | +€101 | +1.3% |
| Furniture and vehicles | 24 | €74,223 | €109,915 | +€35,692 | +48.1% |
| Other tangible fixed assets | 26 | - | €100,899 | +€100,899 | |
| Current assets | 29/58 | €138,227 | €127,387 | -€10,840 | -7.8% |
| Stocks and contracts in progress | 3 | €55,954 | €57,029 | +€1,076 | +1.9% |
| Stocks | 30/36 | €55,954 | €57,029 | +€1,076 | +1.9% |
| Amounts receivable within one year | 40/41 | €56,273 | €45,595 | -€10,678 | -19.0% |
| Trade receivables | 40 | €43,214 | €34,158 | -€9,057 | -21.0% |
| Other amounts receivable | 41 | €13,059 | €11,438 | -€1,621 | -12.4% |
| Cash at bank and in hand | 54/58 | €21,239 | €23,864 | +€2,624 | +12.4% |
| Deferred charges and accrued income | 490/1 | €4,761 | €898 | -€3,863 | -81.1% |
| Total equity and liabilities | 10/49 | €220,415 | €346,266 | +€125,852 | +57.1% |
| Equity | 10/15 | €63,372 | €76,612 | +€13,240 | +20.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €62,372 | €75,612 | +€13,240 | +21.2% |
| Distributable reserves | 133 | €62,372 | €75,612 | +€13,240 | +21.2% |
| Amounts payable | 17/49 | €157,042 | €269,654 | +€112,612 | +71.7% |
| Amounts payable after more than one year | 17 | €47,789 | €127,809 | +€80,020 | +167% |
| Financial debts | 170/4 | €47,789 | €127,809 | +€80,020 | +167% |
| Amounts payable within one year | 42/48 | €109,253 | €141,524 | +€32,271 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €22,121 | €42,825 | +€20,704 | +93.6% |
| Financial debts | 43 | €5,608 | €4,219 | -€1,389 | -24.8% |
| Credit institutions | 430/8 | €5,608 | €4,219 | -€1,389 | -24.8% |
| Trade debts | 44 | €67,822 | €64,170 | -€3,652 | -5.4% |
| Suppliers | 440/4 | €67,822 | €64,170 | -€3,652 | -5.4% |
| Taxes, remuneration and social security | 45 | €9,318 | €18,919 | +€9,601 | +103% |
| Taxes | 450/3 | €9,318 | €18,919 | +€9,601 | +103% |
| Other amounts payable | 47/48 | €4,385 | €11,392 | +€7,007 | +160% |
| Accrued charges and deferred income | 492/3 | - | €320 | +€320 | |
| Remuneration, social security and pensions | 62 | €878 | €0 | -€878 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,500 | €34,761 | +€7,261 | +26.4% |
| Other operating charges | 640/8 | €1,478 | €2,021 | +€543 | +36.8% |
| Gross operating margin | 9900 | €52,590 | €58,281 | +€5,691 | +10.8% |
| Operating profit (loss) | 9901 | €22,735 | €21,498 | -€1,237 | -5.4% |
| Financial income | 75/76B | €19 | €298 | +€280 | +1,505% |
| Recurring financial income | 75 | €19 | €298 | +€280 | +1,505% |
| Financial charges | 65/66B | €3,716 | €6,656 | +€2,940 | +79.1% |
| Recurring financial charges | 65 | €3,716 | €6,656 | +€2,940 | +79.1% |
| Profit (loss) for the period before taxes | 9903 | €19,037 | €15,141 | -€3,897 | -20.5% |
| Income taxes | 67/77 | €7,365 | €1,901 | -€5,464 | -74.2% |
| Profit (loss) for the period | 9904 | €11,673 | €13,240 | +€1,567 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,673 | €13,240 | +€1,567 | +13.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.