Etablissements CAUCHIE: 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.
What changed
Etablissements CAUCHIE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€15,719
2024 · €13,030+€2,689
Equity
€487,397
2024 · €471,678+€15,719
Cash
€6,321
2024 · €2,396+€3,925
Balance sheet total
€977,362
2024 · €994,831-€17,468
Largest movements
Assets
- Tangible fixed assets -€20,968
down €20,968 (-2.3%), from €930,101 to €909,133
of which Land and buildings: -€21,253
Equity and liabilities
- Debts after one year -€38,239
down €38,239 (-10.2%), from €375,887 to €337,649
- Reserves +€15,719
up €15,719 (+6.6%), from €239,678 to €255,397
of which Distributable reserves: +€21,805
Income statement
- Financial charges -€7,242
down €7,242 (-33.8%), from €21,410 to €14,169
- Financial income -€5,864
down €5,864 (-65.4%), from €8,965 to €3,101
- Gross operating margin +€4,662
up €4,662 (+6.6%), from €70,554 to €75,216
- Taxes +€1,881
up €1,881 (+19.8%), from €9,498 to €11,379
- Depreciation +€1,001
up €1,001 (+3.2%), from €31,708 to €32,709
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.
Result 2024
€13,030
Gross operating margin
+€4,662
Depreciation
-€1,001
Other operating charges
-€468
Financial income
-€5,864
Financial charges
+€7,242
Taxes
-€1,881
Result 2025
€15,719
raises the resultlowers the result
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.
From operations
+€53,166
Investment
-€11,741
Financing
-€37,501
Cash 2024
€2,396
From operations (derived)
+€53,166
Net result for the year
+€15,719
Depreciation
+€32,709
Receivables within one year
+€651
Deferred charges and accrued income
-€226
Provisions
-€2,411
Tax, wage and social debts
+€2,471
Other debts
+€4,409
Accrued charges and deferred income
-€156
Investment (derived)
-€11,741
Investment in fixed assets (net)
-€11,741
Financing
-€37,501
Debts after one year
-€38,239
Current portion of long-term debt
+€738
Cash 2025
€6,321
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €994,831 | €977,362 | -€17,468 | -1.8% |
| Fixed assets | 21/28 | €930,101 | €909,133 | -€20,968 | -2.3% |
| Tangible fixed assets | 22/27 | €930,101 | €909,133 | -€20,968 | -2.3% |
| Land and buildings | 22 | €928,186 | €906,934 | -€21,253 | -2.3% |
| Plant, machinery and equipment | 23 | - | €845 | +€845 | |
| Furniture and vehicles | 24 | €1,915 | €1,354 | -€561 | -29.3% |
| Current assets | 29/58 | €64,729 | €68,229 | +€3,500 | +5.4% |
| Amounts receivable within one year | 40/41 | €889 | €239 | -€651 | -73.2% |
| Trade receivables | 40 | €65 | €239 | +€174 | +268% |
| Other amounts receivable | 41 | €825 | - | -€825 | |
| Current investments | 50/53 | €59,492 | €59,492 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,396 | €6,321 | +€3,925 | +164% |
| Deferred charges and accrued income | 490/1 | €1,951 | €2,177 | +€226 | +11.6% |
| Total equity and liabilities | 10/49 | €994,831 | €977,362 | -€17,468 | -1.8% |
| Equity | 10/15 | €471,678 | €487,397 | +€15,719 | +3.3% |
| Contributions | 10/11 | €232,000 | €232,000 | = | 0.0% |
| Capital | 10 | €232,000 | €232,000 | = | 0.0% |
| Issued capital | 100 | €232,000 | €232,000 | = | 0.0% |
| Reserves | 13 | €239,678 | €255,397 | +€15,719 | +6.6% |
| Non-distributable reserves | 130/1 | €6,197 | €7,345 | +€1,148 | +18.5% |
| Legal reserve | 130 | €6,197 | €7,345 | +€1,148 | +18.5% |
| Tax-exempt reserves | 132 | €212,026 | €204,793 | -€7,233 | -3.4% |
| Distributable reserves | 133 | €21,454 | €43,259 | +€21,805 | +102% |
| Provisions and deferred taxes | 16 | €70,675 | €68,264 | -€2,411 | -3.4% |
| Deferred taxes | 168 | €70,675 | €68,264 | -€2,411 | -3.4% |
| Amounts payable | 17/49 | €452,478 | €421,701 | -€30,776 | -6.8% |
| Amounts payable after more than one year | 17 | €375,887 | €337,649 | -€38,239 | -10.2% |
| Financial debts | 170/4 | €375,887 | €337,649 | -€38,239 | -10.2% |
| Amounts payable within one year | 42/48 | €73,205 | €80,823 | +€7,618 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €52,501 | €53,239 | +€738 | +1.4% |
| Taxes, remuneration and social security | 45 | €2,069 | €4,540 | +€2,471 | +119% |
| Taxes | 450/3 | €2,069 | €4,540 | +€2,471 | +119% |
| Other amounts payable | 47/48 | €18,635 | €23,044 | +€4,409 | +23.7% |
| Accrued charges and deferred income | 492/3 | €3,385 | €3,229 | -€156 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,708 | €32,709 | +€1,001 | +3.2% |
| Other operating charges | 640/8 | €6,283 | €6,752 | +€468 | +7.5% |
| Gross operating margin | 9900 | €70,554 | €75,216 | +€4,662 | +6.6% |
| Operating profit (loss) | 9901 | €32,563 | €35,755 | +€3,193 | +9.8% |
| Financial income | 75/76B | €8,965 | €3,101 | -€5,864 | -65.4% |
| Recurring financial income | 75 | €8,965 | €3,101 | -€5,864 | -65.4% |
| Financial charges | 65/66B | €21,410 | €14,169 | -€7,242 | -33.8% |
| Recurring financial charges | 65 | €21,410 | €14,169 | -€7,242 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €20,117 | €24,687 | +€4,570 | +22.7% |
| Transfer from deferred taxes | 780 | €2,411 | €2,411 | = | 0.0% |
| Income taxes | 67/77 | €9,498 | €11,379 | +€1,881 | +19.8% |
| Profit (loss) for the period | 9904 | €13,030 | €15,719 | +€2,689 | +20.6% |
| Transfer from tax-exempt reserves | 789 | €7,233 | €7,233 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,263 | €22,952 | +€2,689 | +13.3% |
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 31 October 2026 via checked.be.