CAWYCO: 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.
CAWYCO
Largest movements
- Receivables within one year +€124,715
up €124,715 (+31.7%), from €393,613 to €518,329
of which Other amounts receivable: +€82,272
- Cash -€6,087
down €6,087 (-38.3%), from €15,892 to €9,805
mainly Receivables within one year (-€124,715) and Trade debts (-€33,131)
- Profit (loss) carried forward +€109,175
up €109,175 (+36.1%), from €302,625 to €411,800
- Tax, wage and social debts +€50,395
up €50,395 (+123%), from €40,826 to €91,222
- Trade debts -€33,131
down €33,131 (-98.8%), from €33,536 to €406
- Other debts -€7,356
down €7,356 (-61.0%), from €12,058 to €4,702
- Gross operating margin +€51,847
up €51,847 (+50.1%), from €103,544 to €155,390
- Taxes +€12,662
up €12,662 (+42.9%), from €29,494 to €42,156
- Other operating charges -€5,069
down €5,069 (-92.7%), from €5,469 to €400
- Financial charges +€2,415
up €2,415 (+193%), from €1,252 to €3,667
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 | €409,506 | €528,589 | +€119,084 | +29.1% |
| Current assets | 29/58 | €409,506 | €528,589 | +€119,084 | +29.1% |
| Amounts receivable within one year | 40/41 | €393,613 | €518,329 | +€124,715 | +31.7% |
| Trade receivables | 40 | €15,543 | €57,986 | +€42,443 | +273% |
| Other amounts receivable | 41 | €378,070 | €460,343 | +€82,272 | +21.8% |
| Cash at bank and in hand | 54/58 | €15,892 | €9,805 | -€6,087 | -38.3% |
| Deferred charges and accrued income | 490/1 | - | €455 | +€455 | |
| Total equity and liabilities | 10/49 | €409,506 | €528,589 | +€119,084 | +29.1% |
| Equity | 10/15 | €323,085 | €432,260 | +€109,175 | +33.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €302,625 | €411,800 | +€109,175 | +36.1% |
| Amounts payable | 17/49 | €86,421 | €96,329 | +€9,909 | +11.5% |
| Amounts payable within one year | 42/48 | €86,421 | €96,329 | +€9,909 | +11.5% |
| Trade debts | 44 | €33,536 | €406 | -€33,131 | -98.8% |
| Suppliers | 440/4 | €33,536 | €406 | -€33,131 | -98.8% |
| Taxes, remuneration and social security | 45 | €40,826 | €91,222 | +€50,395 | +123% |
| Taxes | 450/3 | €40,826 | €91,222 | +€50,395 | +123% |
| Other amounts payable | 47/48 | €12,058 | €4,702 | -€7,356 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269 | - | -€269 | |
| Other operating charges | 640/8 | €5,469 | €400 | -€5,069 | -92.7% |
| Gross operating margin | 9900 | €103,544 | €155,390 | +€51,847 | +50.1% |
| Operating profit (loss) | 9901 | €97,806 | €154,991 | +€57,185 | +58.5% |
| Financial income | 75/76B | €0 | €7 | +€7 | +69,700% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +69,700% |
| Financial charges | 65/66B | €1,252 | €3,667 | +€2,415 | +193% |
| Recurring financial charges | 65 | €1,252 | €3,667 | +€2,415 | +193% |
| Profit (loss) for the period before taxes | 9903 | €96,554 | €151,331 | +€54,777 | +56.7% |
| Income taxes | 67/77 | €29,494 | €42,156 | +€12,662 | +42.9% |
| Profit (loss) for the period | 9904 | €67,061 | €109,175 | +€42,114 | +62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,061 | €109,175 | +€42,114 | +62.8% |
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 19 October 2026 via checked.be.