CAYMAN Management: 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.
CAYMAN Management
Largest movements
- Tangible fixed assets -€17,851
down €17,851 (-43.6%), from €40,974 to €23,123
of which Leasing and similar rights: -€14,087
- Deferred charges and accrued income +€10,734
up €10,734 (+1,071%), from €1,002 to €11,737
- Receivables within one year +€8,582
up €8,582 (+14.7%), from €58,302 to €66,884
of which Other amounts receivable: +€29,455
- Cash -€5,778
down €5,778 (-85.5%), from €6,760 to €982
mainly Trade debts (-€17,498) and Debts after one year (-€12,759)
- Reserves +€25,101
up €25,101 (+185%), from €13,594 to €38,695
of which Distributable reserves: +€25,101
- Trade debts -€17,498
down €17,498 (-69.9%), from €25,038 to €7,540
- Debts after one year -€12,759
down €12,759 (-74.3%), from €17,164 to €4,405
- Current portion of long-term debt +€2,412
up €2,412 (+18.5%), from €13,036 to €15,448
- Gross operating margin +€4,998
up €4,998 (+9.0%), from €55,713 to €60,712
- Taxes +€3,848
up €3,848 (+49.3%), from €7,806 to €11,654
- Other operating charges +€2,160
up €2,160 (+171%), from €1,265 to €3,425
- Depreciation -€1,133
down €1,133 (-5.3%), from €21,276 to €20,143
- Financial income +€1,089
up €1,089 (+77.8%), from €1,400 to €2,489
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 | €130,792 | €126,285 | -€4,507 | -3.4% |
| Fixed assets | 21/28 | €40,999 | €23,123 | -€17,876 | -43.6% |
| Tangible fixed assets | 22/27 | €40,974 | €23,123 | -€17,851 | -43.6% |
| Furniture and vehicles | 24 | €10,484 | €6,720 | -€3,764 | -35.9% |
| Leasing and similar rights | 25 | €30,490 | €16,403 | -€14,087 | -46.2% |
| Financial fixed assets | 28 | €25 | €0 | -€25 | -100% |
| Current assets | 29/58 | €89,793 | €103,162 | +€13,369 | +14.9% |
| Amounts receivable within one year | 40/41 | €58,302 | €66,884 | +€8,582 | +14.7% |
| Trade receivables | 40 | €20,874 | €0 | -€20,874 | -100% |
| Other amounts receivable | 41 | €37,428 | €66,884 | +€29,455 | +78.7% |
| Current investments | 50/53 | €23,729 | €23,560 | -€169 | -0.7% |
| Cash at bank and in hand | 54/58 | €6,760 | €982 | -€5,778 | -85.5% |
| Deferred charges and accrued income | 490/1 | €1,002 | €11,737 | +€10,734 | +1,071% |
| Total equity and liabilities | 10/49 | €130,792 | €126,285 | -€4,507 | -3.4% |
| Equity | 10/15 | €65,990 | €91,091 | +€25,101 | +38.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,594 | €38,695 | +€25,101 | +185% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €11,734 | €36,835 | +€25,101 | +214% |
| Profit (loss) carried forward | 14 | €33,796 | €33,796 | = | 0.0% |
| Amounts payable | 17/49 | €64,802 | €35,194 | -€29,608 | -45.7% |
| Amounts payable after more than one year | 17 | €17,164 | €4,405 | -€12,759 | -74.3% |
| Financial debts | 170/4 | €17,164 | €4,405 | -€12,759 | -74.3% |
| Amounts payable within one year | 42/48 | €46,798 | €30,789 | -€16,009 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €13,036 | €15,448 | +€2,412 | +18.5% |
| Financial debts | 43 | - | €259 | +€259 | |
| Credit institutions | 430/8 | - | €259 | +€259 | |
| Trade debts | 44 | €25,038 | €7,540 | -€17,498 | -69.9% |
| Suppliers | 440/4 | €25,038 | €7,540 | -€17,498 | -69.9% |
| Taxes, remuneration and social security | 45 | €8,724 | €7,543 | -€1,181 | -13.5% |
| Taxes | 450/3 | €8,724 | €7,543 | -€1,181 | -13.5% |
| Accrued charges and deferred income | 492/3 | €839 | €0 | -€839 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,276 | €20,143 | -€1,133 | -5.3% |
| Other operating charges | 640/8 | €1,265 | €3,425 | +€2,160 | +171% |
| Gross operating margin | 9900 | €55,713 | €60,712 | +€4,998 | +9.0% |
| Operating profit (loss) | 9901 | €33,173 | €37,144 | +€3,971 | +12.0% |
| Financial income | 75/76B | €1,400 | €2,489 | +€1,089 | +77.8% |
| Recurring financial income | 75 | €1,400 | €2,489 | +€1,089 | +77.8% |
| Financial charges | 65/66B | €3,248 | €2,878 | -€370 | -11.4% |
| Recurring financial charges | 65 | €3,248 | €2,878 | -€370 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €31,325 | €36,755 | +€5,430 | +17.3% |
| Income taxes | 67/77 | €7,806 | €11,654 | +€3,848 | +49.3% |
| Profit (loss) for the period | 9904 | €23,519 | €25,101 | +€1,582 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,519 | €25,101 | +€1,582 | +6.7% |
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 13 October 2026 via checked.be.