GROUP CAUS: 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.
GROUP CAUS
Largest movements
- Receivables within one year +€102,100
up €102,100 (+9.3%), from €1.1m to €1.2m
of which Other amounts receivable: +€192,406
- Cash -€37,507
down €37,507 (-15.6%), from €239,892 to €202,384
mainly Receivables within one year (-€102,100) and Contributions, distributions and other (-€96,401)
- Tangible fixed assets -€35,022
down €35,022 (-13.4%), from €261,102 to €226,080
of which Plant, machinery and equipment: -€19,242
- Short-term financial debts +€150,000
new in 2025: €150,000
- Other debts -€36,136
down €36,136 (-27.3%), from €132,537 to €96,401
- Trade debts -€35,548
down €35,548 (-11.6%), from €306,495 to €270,947
- Debts after one year -€21,901
down €21,901 (-15.9%), from €137,455 to €115,554
- Tax, wage and social debts -€20,385
down €20,385 (-14.2%), from €143,322 to €122,937
of which Remuneration and social security: -€21,953
- Gross operating margin +€167,661
up €167,661 (+10.8%), from €1.5m to €1.7m
- Staff costs +€84,725
up €84,725 (+6.4%), from €1.3m to €1.4m
- Other operating charges +€72,937
up €72,937 (+2,550%), from €2,860 to €75,798
- Financial charges +€56,664
up €56,664 (+518%), from €10,943 to €67,607
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 | €1,617,081 | €1,650,460 | +€33,379 | +2.1% |
| Fixed assets | 21/28 | €261,102 | €226,080 | -€35,022 | -13.4% |
| Tangible fixed assets | 22/27 | €261,102 | €226,080 | -€35,022 | -13.4% |
| Land and buildings | 22 | €125,980 | €118,254 | -€7,726 | -6.1% |
| Plant, machinery and equipment | 23 | €124,850 | €105,608 | -€19,242 | -15.4% |
| Furniture and vehicles | 24 | €10,272 | €2,218 | -€8,055 | -78.4% |
| Current assets | 29/58 | €1,355,979 | €1,424,381 | +€68,402 | +5.0% |
| Amounts receivable within one year | 40/41 | €1,092,975 | €1,195,076 | +€102,100 | +9.3% |
| Trade receivables | 40 | €636,518 | €546,213 | -€90,306 | -14.2% |
| Other amounts receivable | 41 | €456,457 | €648,863 | +€192,406 | +42.2% |
| Cash at bank and in hand | 54/58 | €239,892 | €202,384 | -€37,507 | -15.6% |
| Deferred charges and accrued income | 490/1 | €23,112 | €26,920 | +€3,809 | +16.5% |
| Total equity and liabilities | 10/49 | €1,617,081 | €1,650,460 | +€33,379 | +2.1% |
| Equity | 10/15 | €870,713 | €870,713 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €852,113 | €852,113 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €364,000 | €364,000 | = | 0.0% |
| Distributable reserves | 133 | €488,113 | €488,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €746,368 | €779,747 | +€33,379 | +4.5% |
| Amounts payable after more than one year | 17 | €137,455 | €115,554 | -€21,901 | -15.9% |
| Financial debts | 170/4 | €137,455 | €115,554 | -€21,901 | -15.9% |
| Amounts payable within one year | 42/48 | €608,913 | €662,185 | +€53,272 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €26,559 | €21,901 | -€4,658 | -17.5% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €306,495 | €270,947 | -€35,548 | -11.6% |
| Suppliers | 440/4 | €306,495 | €270,947 | -€35,548 | -11.6% |
| Taxes, remuneration and social security | 45 | €143,322 | €122,937 | -€20,385 | -14.2% |
| Taxes | 450/3 | €3,582 | €5,151 | +€1,569 | +43.8% |
| Remuneration and social security | 454/9 | €139,740 | €117,787 | -€21,953 | -15.7% |
| Other amounts payable | 47/48 | €132,537 | €96,401 | -€36,136 | -27.3% |
| Accrued charges and deferred income | 492/3 | - | €2,008 | +€2,008 | |
| Remuneration, social security and pensions | 62 | €1,330,008 | €1,414,732 | +€84,725 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,719 | €36,796 | -€1,923 | -5.0% |
| Other operating charges | 640/8 | €2,860 | €75,798 | +€72,937 | +2,550% |
| Gross operating margin | 9900 | €1,547,599 | €1,715,260 | +€167,661 | +10.8% |
| Operating profit (loss) | 9901 | €176,012 | €187,934 | +€11,921 | +6.8% |
| Financial income | 75/76B | €16,150 | €13,061 | -€3,088 | -19.1% |
| Recurring financial income | 75 | €16,150 | €13,061 | -€3,088 | -19.1% |
| Financial charges | 65/66B | €10,943 | €67,607 | +€56,664 | +518% |
| Recurring financial charges | 65 | €10,943 | €67,607 | +€56,664 | +518% |
| Profit (loss) for the period before taxes | 9903 | €181,219 | €133,388 | -€47,831 | -26.4% |
| Income taxes | 67/77 | €48,682 | €36,987 | -€11,695 | -24.0% |
| Profit (loss) for the period | 9904 | €132,537 | €96,401 | -€36,136 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €132,537 | €96,401 | -€36,136 | -27.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.