D2 CAE SOLUTIONS: 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.
D2 CAE SOLUTIONS
Largest movements
- Receivables within one year -€28,035
down €28,035 (-76.2%), from €36,788 to €8,754
of which Trade receivables: -€24,468
- Tangible fixed assets -€12,868
down €12,868 (-17.2%), from €74,901 to €62,033
of which Furniture and vehicles: -€12,417
- Stocks and contracts -€4,027
down €4,027 (-58.2%), from €6,918 to €2,890
- Cash -€3,820
down €3,820 (-20.3%), from €18,860 to €15,039
mainly Net result for the year (-€38,946) and Debts after one year (-€9,900)
- Profit (loss) carried forward -€38,946
down €38,946 (-81.8%), from -€47,609 to -€86,555
- Debts after one year -€9,900
down €9,900 (-24.7%), from €40,003 to €30,103
- Other debts +€7,688
up €7,688 (+42520.9%), from €18 to €7,706
- Tax, wage and social debts -€7,514
down €7,514 (-76.2%), from €9,861 to €2,347
- Short-term financial debts -€7,120
down €7,120 (-100.0%), from €7,120 to €0
- Gross operating margin -€55,388
down €55,388, from €43,503 to -€11,885
- Depreciation +€4,639
up €4,639 (+28.2%), from €16,422 to €21,061
- Staff costs +€1,250
up €1,250 (+500.0%), from €250 to €1,500
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 | €142,896 | €93,737 | -€49,159 | -34.4% |
| Fixed assets | 21/28 | €77,017 | €64,149 | -€12,868 | -16.7% |
| Tangible fixed assets | 22/27 | €74,901 | €62,033 | -€12,868 | -17.2% |
| Plant, machinery and equipment | 23 | €389 | €97 | -€292 | -75.1% |
| Furniture and vehicles | 24 | €71,428 | €59,011 | -€12,417 | -17.4% |
| Other tangible fixed assets | 26 | €3,084 | €2,925 | -€159 | -5.2% |
| Financial fixed assets | 28 | €2,116 | €2,116 | = | 0.0% |
| Current assets | 29/58 | €65,879 | €29,588 | -€36,291 | -55.1% |
| Stocks and contracts in progress | 3 | €6,918 | €2,890 | -€4,027 | -58.2% |
| Stocks | 30/36 | €6,918 | €2,890 | -€4,027 | -58.2% |
| Amounts receivable within one year | 40/41 | €36,788 | €8,754 | -€28,035 | -76.2% |
| Trade receivables | 40 | €26,651 | €2,183 | -€24,468 | -91.8% |
| Other amounts receivable | 41 | €10,137 | €6,570 | -€3,567 | -35.2% |
| Cash at bank and in hand | 54/58 | €18,860 | €15,039 | -€3,820 | -20.3% |
| Deferred charges and accrued income | 490/1 | €3,314 | €2,905 | -€409 | -12.3% |
| Total equity and liabilities | 10/49 | €142,896 | €93,737 | -€49,159 | -34.4% |
| Equity | 10/15 | €57,391 | €18,445 | -€38,946 | -67.9% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,609 | -€86,555 | -€38,946 | -81.8% |
| Amounts payable | 17/49 | €85,505 | €75,292 | -€10,213 | -11.9% |
| Amounts payable after more than one year | 17 | €40,003 | €30,103 | -€9,900 | -24.7% |
| Financial debts | 170/4 | €40,003 | €30,103 | -€9,900 | -24.7% |
| Amounts payable within one year | 42/48 | €45,502 | €45,189 | -€313 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €11,553 | €15,375 | +€3,823 | +33.1% |
| Financial debts | 43 | €7,120 | €0 | -€7,120 | -100.0% |
| Credit institutions | 430/8 | €7,120 | €0 | -€7,120 | -100.0% |
| Trade debts | 44 | €16,951 | €19,761 | +€2,811 | +16.6% |
| Suppliers | 440/4 | €16,951 | €19,761 | +€2,811 | +16.6% |
| Taxes, remuneration and social security | 45 | €9,861 | €2,347 | -€7,514 | -76.2% |
| Taxes | 450/3 | €9,861 | €2,347 | -€7,514 | -76.2% |
| Other amounts payable | 47/48 | €18 | €7,706 | +€7,688 | +42520.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €3,049 | €0 | -€3,049 | -100.0% |
| Remuneration, social security and pensions | 62 | €250 | €1,500 | +€1,250 | +500.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,422 | €21,061 | +€4,639 | +28.2% |
| Other operating charges | 640/8 | €738 | €911 | +€173 | +23.5% |
| Gross operating margin | 9900 | €43,503 | -€11,885 | -€55,388 | |
| Operating profit (loss) | 9901 | €26,093 | -€35,357 | -€61,450 | |
| Financial income | 75/76B | €139 | €6 | -€133 | -95.7% |
| Recurring financial income | 75 | €139 | €6 | -€133 | -95.7% |
| Financial charges | 65/66B | €3,476 | €3,371 | -€105 | -3.0% |
| Recurring financial charges | 65 | €3,476 | €3,371 | -€105 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €22,756 | -€38,722 | -€61,478 | |
| Income taxes | 67/77 | €205 | €224 | +€19 | +9.4% |
| Profit (loss) for the period | 9904 | €22,551 | -€38,946 | -€61,497 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,551 | -€38,946 | -€61,497 |
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 7 October 2026 via checked.be.