CAW GROEP: 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.
CAW GROEP
Largest movements
- Cash +€124,396
up €124,396 (+24.0%), from €518,947 to €643,343
mainly Accrued charges and deferred income (+€141,588) and Trade debts (+€60,019)
- Receivables within one year +€74,582
up €74,582 (+130%), from €57,430 to €132,013
of which Other amounts receivable: +€48,157
- Deferred charges and accrued income +€38,828
up €38,828 (+335%), from €11,593 to €50,421
- Accrued charges and deferred income +€141,588
up €141,588, from €0 to €141,588
- Trade debts +€60,019
up €60,019 (+30.4%), from €197,153 to €257,172
- Tax, wage and social debts +€47,729
up €47,729 (+36.7%), from €129,960 to €177,689
of which Remuneration and social security: +€27,386
- Staff costs +€126,681
up €126,681 (+15.0%), from €843,891 to €970,572
- Other operating charges -€57,961
down €57,961 (-35.5%), from €163,467 to €105,506
- Gross operating margin -€10,911
down €10,911 (-1.0%), from €1.1m to €1.1m
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.
Derived cash bridge
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 | €592,217 | €836,949 | +€244,732 | +41.3% |
| Fixed assets | 21/28 | €4,247 | €11,173 | +€6,926 | +163% |
| Tangible fixed assets | 22/27 | €433 | €4,700 | +€4,267 | +985% |
| Plant, machinery and equipment | 23 | €433 | €4,700 | +€4,267 | +985% |
| Financial fixed assets | 28 | €3,814 | €6,472 | +€2,659 | +69.7% |
| Current assets | 29/58 | €587,970 | €825,777 | +€237,807 | +40.4% |
| Amounts receivable within one year | 40/41 | €57,430 | €132,013 | +€74,582 | +130% |
| Trade receivables | 40 | €46,911 | €73,337 | +€26,426 | +56.3% |
| Other amounts receivable | 41 | €10,519 | €58,676 | +€48,157 | +458% |
| Cash at bank and in hand | 54/58 | €518,947 | €643,343 | +€124,396 | +24.0% |
| Deferred charges and accrued income | 490/1 | €11,593 | €50,421 | +€38,828 | +335% |
| Total equity and liabilities | 10/49 | €592,217 | €836,949 | +€244,732 | +41.3% |
| Equity | 10/15 | €265,104 | €260,500 | -€4,603 | -1.7% |
| Reserves | 13 | €84,389 | €84,389 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,715 | €176,111 | -€4,603 | -2.5% |
| Amounts payable | 17/49 | €327,113 | €576,449 | +€249,336 | +76.2% |
| Amounts payable within one year | 42/48 | €327,113 | €434,861 | +€107,748 | +32.9% |
| Trade debts | 44 | €197,153 | €257,172 | +€60,019 | +30.4% |
| Suppliers | 440/4 | €197,153 | €257,172 | +€60,019 | +30.4% |
| Taxes, remuneration and social security | 45 | €129,960 | €177,689 | +€47,729 | +36.7% |
| Taxes | 450/3 | €28,693 | €49,035 | +€20,343 | +70.9% |
| Remuneration and social security | 454/9 | €101,268 | €128,654 | +€27,386 | +27.0% |
| Accrued charges and deferred income | 492/3 | €0 | €141,588 | +€141,588 | |
| Remuneration, social security and pensions | 62 | €843,891 | €970,572 | +€126,681 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,105 | €2,783 | -€322 | -10.4% |
| Other operating charges | 640/8 | €163,467 | €105,506 | -€57,961 | -35.5% |
| Non-recurring operating charges | 66A | €533 | €0 | -€533 | -100% |
| Gross operating margin | 9900 | €1,079,847 | €1,068,936 | -€10,911 | -1.0% |
| Operating profit (loss) | 9901 | €68,852 | -€9,925 | -€78,777 | |
| Financial income | 75/76B | €3,522 | €8,056 | +€4,534 | +129% |
| Recurring financial income | 75 | €3,522 | €8,056 | +€4,534 | +129% |
| Financial charges | 65/66B | €1,905 | €2,451 | +€546 | +28.7% |
| Recurring financial charges | 65 | €1,905 | €2,451 | +€546 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €70,469 | -€4,320 | -€74,789 | |
| Income taxes | 67/77 | €283 | €283 | = | 0.0% |
| Profit (loss) for the period | 9904 | €70,186 | -€4,603 | -€74,789 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,186 | -€4,603 | -€74,789 |
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 22 October 2026 via checked.be.