Caviteit 14: 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.
Caviteit 14
Largest movements
- Tangible fixed assets +€339,564
up €339,564 (+41.2%), from €823,263 to €1.2m
of which Furniture and vehicles: +€294,625
- Cash -€134,036
down €134,036 (-71.6%), from €187,327 to €53,291
mainly Investment in fixed assets (net) (-€423,352) and Receivables within one year (-€41,214)
- Receivables within one year +€41,214
up €41,214 (+86.0%), from €47,909 to €89,123
of which Other amounts receivable: +€41,333
- Reserves +€218,867
up €218,867 (+21.1%), from €1.0m to €1.3m
- Tax, wage and social debts +€39,954
up €39,954 (+197.7%), from €20,210 to €60,164
- Gross operating margin +€181,814
up €181,814 (+68.3%), from €266,320 to €448,134
- Taxes +€40,145
up €40,145 (+65.4%), from €61,383 to €101,528
- Depreciation +€26,199
up €26,199 (+43.3%), from €60,526 to €86,725
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 | €1,088,265 | €1,334,998 | +€246,733 | +22.7% |
| Formation expenses | 20 | €2,937 | €0 | -€2,937 | -100.0% |
| Fixed assets | 21/28 | €823,263 | €1,162,827 | +€339,564 | +41.2% |
| Tangible fixed assets | 22/27 | €823,263 | €1,162,827 | +€339,564 | +41.2% |
| Land and buildings | 22 | €650,148 | €674,290 | +€24,142 | +3.7% |
| Plant, machinery and equipment | 23 | €32,121 | €52,917 | +€20,796 | +64.7% |
| Furniture and vehicles | 24 | €140,995 | €435,620 | +€294,625 | +209.0% |
| Current assets | 29/58 | €262,065 | €172,171 | -€89,894 | -34.3% |
| Amounts receivable after more than one year | 29 | €23,958 | €28,125 | +€4,167 | +17.4% |
| Other amounts receivable | 291 | €23,958 | €28,125 | +€4,167 | +17.4% |
| Amounts receivable within one year | 40/41 | €47,909 | €89,123 | +€41,214 | +86.0% |
| Trade receivables | 40 | €3,040 | €2,921 | -€119 | -3.9% |
| Other amounts receivable | 41 | €44,869 | €86,202 | +€41,333 | +92.1% |
| Cash at bank and in hand | 54/58 | €187,327 | €53,291 | -€134,036 | -71.6% |
| Deferred charges and accrued income | 490/1 | €2,870 | €1,631 | -€1,239 | -43.2% |
| Total equity and liabilities | 10/49 | €1,088,265 | €1,334,998 | +€246,733 | +22.7% |
| Equity | 10/15 | €1,046,754 | €1,265,621 | +€218,867 | +20.9% |
| Contributions | 10/11 | €8,696 | €8,696 | -€0 | 0.0% |
| Reserves | 13 | €1,038,058 | €1,256,925 | +€218,867 | +21.1% |
| Distributable reserves | 133 | €1,038,058 | €1,256,925 | +€218,867 | +21.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €41,511 | €69,377 | +€27,866 | +67.1% |
| Amounts payable within one year | 42/48 | €41,511 | €69,377 | +€27,866 | +67.1% |
| Trade debts | 44 | €16,997 | €7,913 | -€9,084 | -53.4% |
| Suppliers | 440/4 | €16,997 | €7,913 | -€9,084 | -53.4% |
| Taxes, remuneration and social security | 45 | €20,210 | €60,164 | +€39,954 | +197.7% |
| Taxes | 450/3 | €20,210 | €60,164 | +€39,954 | +197.7% |
| Other amounts payable | 47/48 | €4,304 | €1,300 | -€3,004 | -69.8% |
| Non-recurring operating income | 76A | - | €37,278 | +€37,278 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,526 | €86,725 | +€26,199 | +43.3% |
| Other operating charges | 640/8 | €6,296 | €4,113 | -€2,183 | -34.7% |
| Gross operating margin | 9900 | €266,320 | €448,134 | +€181,814 | +68.3% |
| Operating profit (loss) | 9901 | €199,498 | €357,297 | +€157,799 | +79.1% |
| Financial income | 75/76B | €4,467 | €2,857 | -€1,610 | -36.0% |
| Recurring financial income | 75 | €4,467 | €2,857 | -€1,610 | -36.0% |
| Financial charges | 65/66B | €859 | €604 | -€255 | -29.7% |
| Recurring financial charges | 65 | €859 | €604 | -€255 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €203,106 | €359,551 | +€156,445 | +77.0% |
| Income taxes | 67/77 | €61,383 | €101,528 | +€40,145 | +65.4% |
| Profit (loss) for the period | 9904 | €141,723 | €258,022 | +€116,299 | +82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €141,723 | €258,022 | +€116,299 | +82.1% |
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 8 October 2026 via checked.be.