DOROTHEE CAUSTUR: 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.
DOROTHEE CAUSTUR
Largest movements
- Cash +€39,959
up €39,959 (+121%), from €33,111 to €73,070
mainly Depreciation (+€16,568) and Net result for the year (+€14,467)
- Tangible fixed assets -€14,661
down €14,661 (-24.5%), from €59,823 to €45,162
of which Furniture and vehicles: -€12,519
- Receivables within one year -€14,205
down €14,205 (-30.5%), from €46,573 to €32,369
of which Trade receivables: -€12,273
- Deferred charges and accrued income -€10,641
down €10,641 (-47.2%), from €22,526 to €11,885
- Reserves +€14,000
up €14,000 (+21.3%), from €65,682 to €79,682
of which Distributable reserves: +€14,000
- Debts after one year -€13,029
down €13,029 (-36.8%), from €35,425 to €22,396
- Other debts -€7,806
no longer reported in 2025 (was €7,806)
- Tax, wage and social debts +€5,427
up €5,427 (+25.1%), from €21,601 to €27,028
of which Taxes: +€3,427
- Gross operating margin -€21,157
down €21,157 (-35.1%), from €60,275 to €39,118
- Depreciation +€10,807
up €10,807 (+188%), from €5,761 to €16,568
- Taxes -€3,100
down €3,100 (-30.7%), from €10,100 to €7,000
- Financial charges -€870
down €870 (-58.9%), from €1,477 to €606
- Financial income -€773
down €773 (-84.6%), from €913 to €140
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 | €162,034 | €162,486 | +€452 | +0.3% |
| Fixed assets | 21/28 | €59,823 | €45,162 | -€14,661 | -24.5% |
| Tangible fixed assets | 22/27 | €59,823 | €45,162 | -€14,661 | -24.5% |
| Furniture and vehicles | 24 | €54,146 | €41,627 | -€12,519 | -23.1% |
| Other tangible fixed assets | 26 | €5,678 | €3,536 | -€2,142 | -37.7% |
| Current assets | 29/58 | €102,211 | €117,324 | +€15,113 | +14.8% |
| Amounts receivable within one year | 40/41 | €46,573 | €32,369 | -€14,205 | -30.5% |
| Trade receivables | 40 | €41,260 | €28,987 | -€12,273 | -29.7% |
| Other amounts receivable | 41 | €5,314 | €3,382 | -€1,932 | -36.4% |
| Cash at bank and in hand | 54/58 | €33,111 | €73,070 | +€39,959 | +121% |
| Deferred charges and accrued income | 490/1 | €22,526 | €11,885 | -€10,641 | -47.2% |
| Total equity and liabilities | 10/49 | €162,034 | €162,486 | +€452 | +0.3% |
| Equity | 10/15 | €80,685 | €95,042 | +€14,357 | +17.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €65,682 | €79,682 | +€14,000 | +21.3% |
| 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 | €63,822 | €77,822 | +€14,000 | +21.9% |
| Profit (loss) carried forward | 14 | €2,603 | €2,960 | +€357 | +13.7% |
| Amounts payable | 17/49 | €81,349 | €67,444 | -€13,905 | -17.1% |
| Amounts payable after more than one year | 17 | €35,425 | €22,396 | -€13,029 | -36.8% |
| Financial debts | 170/4 | €35,425 | €22,396 | -€13,029 | -36.8% |
| Amounts payable within one year | 42/48 | €45,924 | €45,048 | -€877 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €12,724 | €13,029 | +€305 | +2.4% |
| Trade debts | 44 | €3,793 | €4,991 | +€1,198 | +31.6% |
| Suppliers | 440/4 | €3,793 | €4,991 | +€1,198 | +31.6% |
| Taxes, remuneration and social security | 45 | €21,601 | €27,028 | +€5,427 | +25.1% |
| Taxes | 450/3 | €18,601 | €22,028 | +€3,427 | +18.4% |
| Remuneration and social security | 454/9 | €3,000 | €5,000 | +€2,000 | +66.7% |
| Other amounts payable | 47/48 | €7,806 | - | -€7,806 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,761 | €16,568 | +€10,807 | +188% |
| Other operating charges | 640/8 | €945 | €617 | -€328 | -34.7% |
| Non-recurring operating charges | 66A | €5,316 | - | -€5,316 | |
| Gross operating margin | 9900 | €60,275 | €39,118 | -€21,157 | -35.1% |
| Operating profit (loss) | 9901 | €48,253 | €21,933 | -€26,320 | -54.5% |
| Financial income | 75/76B | €913 | €140 | -€773 | -84.6% |
| Recurring financial income | 75 | €913 | €140 | -€773 | -84.6% |
| Financial charges | 65/66B | €1,477 | €606 | -€870 | -58.9% |
| Recurring financial charges | 65 | €1,477 | €606 | -€870 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | €47,690 | €21,467 | -€26,223 | -55.0% |
| Income taxes | 67/77 | €10,100 | €7,000 | -€3,100 | -30.7% |
| Profit (loss) for the period | 9904 | €37,590 | €14,467 | -€23,123 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,590 | €14,467 | -€23,123 | -61.5% |
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 17 October 2026 via checked.be.