LE CAVE'O: 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.
LE CAVE'O
Largest movements
- Receivables within one year -€1,620
down €1,620 (-81.6%), from €1,984 to €364
of which Trade receivables: -€1,606
- Cash +€1,501
up €1,501 (+96.4%), from €1,556 to €3,057
mainly Receivables within one year (+€1,620) and Net result for the year (+€1,517)
- Formation expenses -€403
down €403 (-56.4%), from €714 to €311
- Tangible fixed assets -€204
down €204 (-62.2%), from €328 to €124
- Profit (loss) carried forward +€1,517
up €1,517 (+26.2%), from -€5,780 to -€4,263
- Tax, wage and social debts -€1,304
down €1,304 (-71.1%), from €1,833 to €529
- Other debts -€785
down €785 (-6.4%), from €12,348 to €11,563
- Gross operating margin -€756
down €756 (-16.1%), from €4,709 to €3,953
- Depreciation -€94
down €94 (-13.4%), from €701 to €607
- Financial charges +€65
up €65 (+42.0%), from €154 to €219
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 | €9,531 | €8,867 | -€664 | -7.0% |
| Formation expenses | 20 | €714 | €311 | -€403 | -56.4% |
| Fixed assets | 21/28 | €1,178 | €974 | -€204 | -17.3% |
| Tangible fixed assets | 22/27 | €328 | €124 | -€204 | -62.2% |
| Plant, machinery and equipment | 23 | €328 | €124 | -€204 | -62.2% |
| Financial fixed assets | 28 | €850 | €850 | = | 0.0% |
| Current assets | 29/58 | €7,639 | €7,582 | -€57 | -0.7% |
| Stocks and contracts in progress | 3 | €3,700 | €3,746 | +€45 | +1.2% |
| Stocks | 30/36 | €3,700 | €3,746 | +€45 | +1.2% |
| Amounts receivable within one year | 40/41 | €1,984 | €364 | -€1,620 | -81.6% |
| Trade receivables | 40 | €1,959 | €354 | -€1,606 | -82.0% |
| Other amounts receivable | 41 | €25 | €11 | -€14 | -57.2% |
| Cash at bank and in hand | 54/58 | €1,556 | €3,057 | +€1,501 | +96.4% |
| Deferred charges and accrued income | 490/1 | €398 | €415 | +€17 | +4.3% |
| Total equity and liabilities | 10/49 | €9,531 | €8,867 | -€664 | -7.0% |
| Equity | 10/15 | -€4,780 | -€3,263 | +€1,517 | +31.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,780 | -€4,263 | +€1,517 | +26.2% |
| Amounts payable | 17/49 | €14,311 | €12,130 | -€2,181 | -15.2% |
| Amounts payable within one year | 42/48 | €14,311 | €12,130 | -€2,181 | -15.2% |
| Trade debts | 44 | €130 | €38 | -€92 | -70.8% |
| Suppliers | 440/4 | €130 | €38 | -€92 | -70.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,833 | €529 | -€1,304 | -71.1% |
| Taxes | 450/3 | €1,833 | €529 | -€1,304 | -71.1% |
| Other amounts payable | 47/48 | €12,348 | €11,563 | -€785 | -6.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €701 | €607 | -€94 | -13.4% |
| Other operating charges | 640/8 | €1,641 | €1,610 | -€31 | -1.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €4,709 | €3,953 | -€756 | -16.1% |
| Operating profit (loss) | 9901 | €2,367 | €1,736 | -€631 | -26.7% |
| Financial income | 75/76B | €22 | €0 | -€22 | -99.8% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -99.8% |
| Financial charges | 65/66B | €154 | €219 | +€65 | +42.0% |
| Recurring financial charges | 65 | €154 | €219 | +€65 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €2,235 | €1,517 | -€718 | -32.1% |
| Profit (loss) for the period | 9904 | €2,235 | €1,517 | -€718 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,235 | €1,517 | -€718 | -32.1% |
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 10 October 2026 via checked.be.