CAYO: 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.
CAYO
Largest movements
- Cash -€188,426
down €188,426 (-57.2%), from €329,402 to €140,976
mainly Receivables within one year (-€157,914) and Tax, wage and social debts (-€25,592)
- Receivables within one year +€157,914
up €157,914 (+88.5%), from €178,353 to €336,267
- Tangible fixed assets -€18,254
down €18,254 (-6.8%), from €266,950 to €248,696
of which Plant, machinery and equipment: -€10,410
- Tax, wage and social debts -€25,592
down €25,592 (-98.7%), from €25,934 to €342
- Profit (loss) carried forward -€23,169
down €23,169 (-35.1%), from €66,042 to €42,874
- Gross operating margin -€217,077
down €217,077, from €207,272 to -€9,805
- Financial income +€8,505
up €8,505 (+158.6%), from €5,361 to €13,866
- Taxes +€4,241
up €4,241 (+98.9%), from -€4,290 to -€49
- Depreciation -€3,261
down €3,261 (-13.7%), from €23,748 to €20,487
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 | €776,552 | €726,909 | -€49,643 | -6.4% |
| Fixed assets | 21/28 | €266,950 | €248,696 | -€18,254 | -6.8% |
| Tangible fixed assets | 22/27 | €266,950 | €248,696 | -€18,254 | -6.8% |
| Land and buildings | 22 | €90,550 | €90,550 | = | 0.0% |
| Plant, machinery and equipment | 23 | €168,556 | €158,146 | -€10,410 | -6.2% |
| Furniture and vehicles | 24 | €7,845 | - | -€7,845 | |
| Current assets | 29/58 | €509,602 | €478,214 | -€31,389 | -6.2% |
| Amounts receivable within one year | 40/41 | €178,353 | €336,267 | +€157,914 | +88.5% |
| Other amounts receivable | 41 | €178,353 | €336,267 | +€157,914 | +88.5% |
| Cash at bank and in hand | 54/58 | €329,402 | €140,976 | -€188,426 | -57.2% |
| Deferred charges and accrued income | 490/1 | €1,847 | €970 | -€876 | -47.5% |
| Total equity and liabilities | 10/49 | €776,552 | €726,909 | -€49,643 | -6.4% |
| Equity | 10/15 | €691,027 | €667,859 | -€23,169 | -3.4% |
| Contributions | 10/11 | €452,713 | €452,713 | = | 0.0% |
| Capital | 10 | €452,713 | €452,713 | = | 0.0% |
| Issued capital | 100 | €452,713 | €452,713 | = | 0.0% |
| Reserves | 13 | €172,272 | €172,272 | = | 0.0% |
| Tax-exempt reserves | 132 | €172,272 | €172,272 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,042 | €42,874 | -€23,169 | -35.1% |
| Provisions and deferred taxes | 16 | €57,424 | €57,424 | = | 0.0% |
| Deferred taxes | 168 | €57,424 | €57,424 | = | 0.0% |
| Amounts payable | 17/49 | €28,101 | €1,627 | -€26,475 | -94.2% |
| Amounts payable within one year | 42/48 | €28,101 | €1,627 | -€26,475 | -94.2% |
| Trade debts | 44 | €2,167 | €1,285 | -€883 | -40.7% |
| Suppliers | 440/4 | €2,167 | €1,285 | -€883 | -40.7% |
| Taxes, remuneration and social security | 45 | €25,934 | €342 | -€25,592 | -98.7% |
| Taxes | 450/3 | €25,934 | €342 | -€25,592 | -98.7% |
| Non-recurring operating income | 76A | €229,695 | - | -€229,695 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,748 | €20,487 | -€3,261 | -13.7% |
| Other operating charges | 640/8 | €4,536 | €3,328 | -€1,208 | -26.6% |
| Non-recurring operating charges | 66A | - | €3,020 | +€3,020 | |
| Gross operating margin | 9900 | €207,272 | -€9,805 | -€217,077 | |
| Operating profit (loss) | 9901 | €178,988 | -€36,639 | -€215,627 | |
| Financial income | 75/76B | €5,361 | €13,866 | +€8,505 | +158.6% |
| Recurring financial income | 75 | €5,361 | €13,866 | +€8,505 | +158.6% |
| Financial charges | 65/66B | €426 | €445 | +€19 | +4.5% |
| Recurring financial charges | 65 | €426 | €445 | +€19 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €183,924 | -€23,218 | -€207,141 | |
| Transfer to deferred taxes | 680 | €57,424 | - | -€57,424 | |
| Income taxes | 67/77 | -€4,290 | -€49 | +€4,241 | +98.9% |
| Profit (loss) for the period | 9904 | €130,790 | -€23,169 | -€153,958 | |
| Transfer to tax-exempt reserves | 689 | €172,272 | - | -€172,272 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,482 | -€23,169 | +€18,313 | +44.1% |
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 1 October 2026 via checked.be.