Cawetrans: 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.
Cawetrans
Largest movements
- Cash -€115,442
down €115,442 (-55.0%), from €210,038 to €94,596
mainly Contributions, distributions and other (-€195,000) and Investment in fixed assets (net) (-€135,973)
- Tangible fixed assets +€102,060
up €102,060 (+176.6%), from €57,799 to €159,859
- Deferred charges and accrued income +€7,682
up €7,682 (+738.0%), from €1,041 to €8,723
- Reserves -€107,303
down €107,303 (-49.8%), from €215,603 to €108,301
- Debts after one year +€60,338
up €60,338 (+331.5%), from €18,203 to €78,541
- Other debts +€49,167
up €49,167 (+1064.1%), from €4,620 to €53,787
- Tax, wage and social debts -€7,131
down €7,131 (-62.9%), from €11,336 to €4,204
of which Taxes: -€9,789
- Gross operating margin +€16,835
up €16,835 (+11.6%), from €144,579 to €161,414
- Financial charges +€2,537
up €2,537 (+215.9%), from €1,175 to €3,712
- Depreciation +€1,616
up €1,616 (+5.0%), from €32,297 to €33,913
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 | €289,874 | €286,147 | -€3,727 | -1.3% |
| Fixed assets | 21/28 | €57,799 | €159,859 | +€102,060 | +176.6% |
| Tangible fixed assets | 22/27 | €57,799 | €159,859 | +€102,060 | +176.6% |
| Furniture and vehicles | 24 | €57,799 | €159,859 | +€102,060 | +176.6% |
| Current assets | 29/58 | €232,075 | €126,288 | -€105,787 | -45.6% |
| Amounts receivable within one year | 40/41 | €20,996 | €22,968 | +€1,973 | +9.4% |
| Trade receivables | 40 | €20,375 | €19,202 | -€1,172 | -5.8% |
| Other amounts receivable | 41 | €621 | €3,766 | +€3,145 | +506.4% |
| Cash at bank and in hand | 54/58 | €210,038 | €94,596 | -€115,442 | -55.0% |
| Deferred charges and accrued income | 490/1 | €1,041 | €8,723 | +€7,682 | +738.0% |
| Total equity and liabilities | 10/49 | €289,874 | €286,147 | -€3,727 | -1.3% |
| Equity | 10/15 | €220,603 | €113,301 | -€107,303 | -48.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €215,603 | €108,301 | -€107,303 | -49.8% |
| Distributable reserves | 133 | €215,603 | €108,301 | -€107,303 | -49.8% |
| Amounts payable | 17/49 | €69,270 | €172,846 | +€103,576 | +149.5% |
| Amounts payable after more than one year | 17 | €18,203 | €78,541 | +€60,338 | +331.5% |
| Financial debts | 170/4 | €18,203 | €78,541 | +€60,338 | +331.5% |
| Amounts payable within one year | 42/48 | €50,792 | €94,120 | +€43,328 | +85.3% |
| Current portion of amounts payable after more than one year | 42 | €20,748 | €21,633 | +€886 | +4.3% |
| Trade debts | 44 | €14,089 | €14,495 | +€407 | +2.9% |
| Suppliers | 440/4 | €14,089 | €14,495 | +€407 | +2.9% |
| Taxes, remuneration and social security | 45 | €11,336 | €4,204 | -€7,131 | -62.9% |
| Taxes | 450/3 | €11,336 | €1,547 | -€9,789 | -86.4% |
| Remuneration and social security | 454/9 | - | €2,658 | +€2,658 | |
| Other amounts payable | 47/48 | €4,620 | €53,787 | +€49,167 | +1064.1% |
| Accrued charges and deferred income | 492/3 | €275 | €185 | -€90 | -32.7% |
| Non-recurring operating income | 76A | - | €33,367 | +€33,367 | |
| Remuneration, social security and pensions | 62 | €1,107 | - | -€1,107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,297 | €33,913 | +€1,616 | +5.0% |
| Other operating charges | 640/8 | €9,813 | €9,614 | -€199 | -2.0% |
| Gross operating margin | 9900 | €144,579 | €161,414 | +€16,835 | +11.6% |
| Operating profit (loss) | 9901 | €101,363 | €117,888 | +€16,525 | +16.3% |
| Financial income | 75/76B | €471 | €1,822 | +€1,351 | +286.6% |
| Recurring financial income | 75 | €471 | €1,822 | +€1,351 | +286.6% |
| Financial charges | 65/66B | €1,175 | €3,712 | +€2,537 | +215.9% |
| Recurring financial charges | 65 | €1,175 | €3,712 | +€2,537 | +215.9% |
| Profit (loss) for the period before taxes | 9903 | €100,659 | €115,997 | +€15,338 | +15.2% |
| Income taxes | 67/77 | €27,856 | €28,300 | +€444 | +1.6% |
| Profit (loss) for the period | 9904 | €72,803 | €87,697 | +€14,894 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,803 | €87,697 | +€14,894 | +20.5% |
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.