LA CAHUTE: 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.
LA CAHUTE
Largest movements
- Stocks and contracts +€9,350
up €9,350 (+36.0%), from €25,939 to €35,289
- Tangible fixed assets +€5,575
up €5,575 (+3.5%), from €161,563 to €167,137
of which Assets under construction and advance payments: +€16,753
- Cash +€5,149
up €5,149 (+117%), from €4,392 to €9,541
mainly Net result for the year (+€25,968) and Depreciation (+€13,092)
- Debts after one year -€32,271
down €32,271 (-30.2%), from €106,861 to €74,589
- Profit (loss) carried forward +€25,968
up €25,968, from -€16,952 to €9,016
- Short-term financial debts +€10,250
up €10,250 (+43.3%), from €23,646 to €33,896
of which Other loans: +€10,049
- Accrued charges and deferred income +€7,750
up €7,750 (+23,730%), from €33 to €7,783
- Tax, wage and social debts +€6,784
up €6,784 (+214%), from €3,170 to €9,954
- Gross operating margin +€33,477
up €33,477 (+223%), from €15,027 to €48,504
- Depreciation -€1,632
down €1,632 (-11.1%), from €14,724 to €13,092
- Financial charges +€1,216
up €1,216 (+23.7%), from €5,129 to €6,345
- Write-downs +€1,097
new in 2025: €1,097
- Taxes +€992
new in 2025: €992
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 | €220,322 | €239,231 | +€18,909 | +8.6% |
| Fixed assets | 21/28 | €164,537 | €170,012 | +€5,475 | +3.3% |
| Intangible fixed assets | 21 | €2,175 | €1,575 | -€600 | -27.6% |
| Tangible fixed assets | 22/27 | €161,563 | €167,137 | +€5,575 | +3.5% |
| Plant, machinery and equipment | 23 | €157,543 | €146,807 | -€10,736 | -6.8% |
| Other tangible fixed assets | 26 | €4,019 | €3,577 | -€442 | -11.0% |
| Assets under construction and advance payments | 27 | €0 | €16,753 | +€16,753 | |
| Financial fixed assets | 28 | €800 | €1,300 | +€500 | +62.5% |
| Current assets | 29/58 | €55,784 | €69,219 | +€13,435 | +24.1% |
| Stocks and contracts in progress | 3 | €25,939 | €35,289 | +€9,350 | +36.0% |
| Stocks | 30/36 | €25,939 | €35,289 | +€9,350 | +36.0% |
| Amounts receivable within one year | 40/41 | €22,337 | €21,654 | -€683 | -3.1% |
| Trade receivables | 40 | €21,159 | €19,459 | -€1,700 | -8.0% |
| Other amounts receivable | 41 | €1,178 | €2,195 | +€1,017 | +86.3% |
| Cash at bank and in hand | 54/58 | €4,392 | €9,541 | +€5,149 | +117% |
| Deferred charges and accrued income | 490/1 | €3,116 | €2,735 | -€381 | -12.2% |
| Total equity and liabilities | 10/49 | €220,322 | €239,231 | +€18,909 | +8.6% |
| Equity | 10/15 | €394 | €26,362 | +€25,968 | +6,590% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €5,346 | €5,346 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,346 | €5,346 | = | 0.0% |
| Other | 1319 | €5,346 | €5,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,952 | €9,016 | +€25,968 | |
| Amounts payable | 17/49 | €219,928 | €212,869 | -€7,058 | -3.2% |
| Amounts payable after more than one year | 17 | €106,861 | €74,589 | -€32,271 | -30.2% |
| Financial debts | 170/4 | €106,861 | €74,589 | -€32,271 | -30.2% |
| Amounts payable within one year | 42/48 | €113,034 | €130,497 | +€17,463 | +15.4% |
| Financial debts | 43 | €23,646 | €33,896 | +€10,250 | +43.3% |
| Credit institutions | 430/8 | €4,305 | €4,506 | +€201 | +4.7% |
| Other loans | 439 | €19,341 | €29,391 | +€10,049 | +52.0% |
| Trade debts | 44 | €15,900 | €16,073 | +€173 | +1.1% |
| Suppliers | 440/4 | €15,900 | €16,073 | +€173 | +1.1% |
| Taxes, remuneration and social security | 45 | €3,170 | €9,954 | +€6,784 | +214% |
| Taxes | 450/3 | €3,170 | €9,954 | +€6,784 | +214% |
| Other amounts payable | 47/48 | €70,318 | €70,573 | +€255 | +0.4% |
| Accrued charges and deferred income | 492/3 | €33 | €7,783 | +€7,750 | +23,730% |
| Non-recurring operating income | 76A | €9,877 | €150 | -€9,727 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,724 | €13,092 | -€1,632 | -11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,097 | +€1,097 | |
| Other operating charges | 640/8 | €228 | €1,015 | +€787 | +346% |
| Non-recurring operating charges | 66A | €860 | - | -€860 | |
| Gross operating margin | 9900 | €15,027 | €48,504 | +€33,477 | +223% |
| Operating profit (loss) | 9901 | -€785 | €33,300 | +€34,085 | |
| Financial income | 75/76B | €13 | €5 | -€8 | -64.2% |
| Recurring financial income | 75 | €13 | €5 | -€8 | -64.2% |
| Financial charges | 65/66B | €5,129 | €6,345 | +€1,216 | +23.7% |
| Recurring financial charges | 65 | €5,129 | €6,345 | +€1,216 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,901 | €26,960 | +€32,861 | |
| Income taxes | 67/77 | - | €992 | +€992 | |
| Profit (loss) for the period | 9904 | -€5,901 | €25,968 | +€31,868 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,901 | €25,968 | +€31,868 |
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 20 October 2026 via checked.be.