CAVIAAR: 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.
CAVIAAR
Largest movements
- Cash -€6,616
down €6,616 (-72.5%), from €9,127 to €2,511
mainly Receivables within one year (-€6,000) and Other debts (-€6,000)
- Receivables within one year +€6,000
new in 2025: €6,000
- Other debts -€6,000
down €6,000 (-26.2%), from €22,925 to €16,925
- Reserves +€4,046
up €4,046 (+9.3%), from €43,607 to €47,653
- Gross operating margin +€3,600
up €3,600 (+51.7%), from €6,958 to €10,558
- Taxes +€482
new in 2025: €482
- Financial charges +€217
up €217 (+8.5%), from €2,560 to €2,777
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 | €209,819 | €208,559 | -€1,260 | -0.6% |
| Fixed assets | 21/28 | €200,692 | €200,048 | -€644 | -0.3% |
| Tangible fixed assets | 22/27 | €200,692 | €200,048 | -€644 | -0.3% |
| Land and buildings | 22 | €198,889 | €198,889 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,194 | €796 | -€398 | -33.3% |
| Furniture and vehicles | 24 | €609 | €363 | -€246 | -40.4% |
| Current assets | 29/58 | €9,127 | €8,511 | -€616 | -6.8% |
| Amounts receivable within one year | 40/41 | - | €6,000 | +€6,000 | |
| Trade receivables | 40 | - | €6,000 | +€6,000 | |
| Cash at bank and in hand | 54/58 | €9,127 | €2,511 | -€6,616 | -72.5% |
| Total equity and liabilities | 10/49 | €209,819 | €208,559 | -€1,260 | -0.6% |
| Equity | 10/15 | €62,207 | €66,253 | +€4,046 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,607 | €47,653 | +€4,046 | +9.3% |
| Distributable reserves | 133 | €43,607 | €47,653 | +€4,046 | +9.3% |
| Amounts payable | 17/49 | €147,612 | €142,306 | -€5,306 | -3.6% |
| Amounts payable after more than one year | 17 | €122,000 | €122,000 | = | 0.0% |
| Other amounts payable | 178/9 | €122,000 | €122,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,612 | €20,306 | -€5,306 | -20.7% |
| Trade debts | 44 | €2,024 | €2,169 | +€146 | +7.2% |
| Suppliers | 440/4 | €2,024 | €2,169 | +€146 | +7.2% |
| Taxes, remuneration and social security | 45 | €663 | €1,212 | +€549 | +82.7% |
| Taxes | 450/3 | €663 | €1,212 | +€549 | +82.7% |
| Other amounts payable | 47/48 | €22,925 | €16,925 | -€6,000 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €644 | €644 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,523 | €2,610 | +€87 | +3.5% |
| Gross operating margin | 9900 | €6,958 | €10,558 | +€3,600 | +51.7% |
| Operating profit (loss) | 9901 | €3,791 | €7,304 | +€3,513 | +92.7% |
| Financial charges | 65/66B | €2,560 | €2,777 | +€217 | +8.5% |
| Recurring financial charges | 65 | €2,560 | €2,777 | +€217 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €1,231 | €4,528 | +€3,296 | +267.7% |
| Income taxes | 67/77 | - | €482 | +€482 | |
| Profit (loss) for the period | 9904 | €1,231 | €4,046 | +€2,814 | +228.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,231 | €4,046 | +€2,814 | +228.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.