LES CAVES: 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.
LES CAVES
Largest movements
- Cash +€26,009
up €26,009 (+20.0%), from €130,342 to €156,351
mainly Net result for the year (+€23,547) and Stocks and contracts (+€3,005)
- Stocks and contracts -€3,005
no longer reported in 2025 (was €3,005)
- Financial fixed assets -€2,380
no longer reported in 2025 (was €2,380)
- Reserves +€23,545
up €23,545 (+21.9%), from €107,520 to €131,065
of which Distributable reserves: +€23,545
- Other debts -€2,817
down €2,817 (-19.0%), from €14,791 to €11,974
- Turnover -€117,468
down €117,468 (-61.3%), from €191,543 to €74,074
- Gross operating margin -€31,429
down €31,429 (-47.2%), from €66,614 to €35,185
- Taxes -€9,167
down €9,167 (-44.7%), from €20,524 to €11,357
- Other operating charges -€1,952
down €1,952 (-68.3%), from €2,858 to €906
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 | €135,726 | €156,527 | +€20,801 | +15.3% |
| Fixed assets | 21/28 | €2,380 | - | -€2,380 | |
| Financial fixed assets | 28 | €2,380 | - | -€2,380 | |
| Current assets | 29/58 | €133,346 | €156,527 | +€23,181 | +17.4% |
| Stocks and contracts in progress | 3 | €3,005 | - | -€3,005 | |
| Stocks | 30/36 | €3,005 | - | -€3,005 | |
| Amounts receivable within one year | 40/41 | - | €177 | +€177 | |
| Trade receivables | 40 | - | €177 | +€177 | |
| Cash at bank and in hand | 54/58 | €130,342 | €156,351 | +€26,009 | +20.0% |
| Total equity and liabilities | 10/49 | €135,726 | €156,527 | +€20,801 | +15.3% |
| Equity | 10/15 | €113,860 | €137,407 | +€23,547 | +20.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,520 | €131,065 | +€23,545 | +21.9% |
| 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 | €105,660 | €129,205 | +€23,545 | +22.3% |
| Profit (loss) carried forward | 14 | -€12,260 | -€12,258 | +€2 | 0.0% |
| Amounts payable | 17/49 | €21,866 | €19,120 | -€2,745 | -12.6% |
| Amounts payable within one year | 42/48 | €21,866 | €19,120 | -€2,745 | -12.6% |
| Trade debts | 44 | €1,774 | €969 | -€805 | -45.4% |
| Suppliers | 440/4 | €1,774 | €969 | -€805 | -45.4% |
| Taxes, remuneration and social security | 45 | €5,300 | €6,178 | +€877 | +16.6% |
| Taxes | 450/3 | €5,300 | €6,178 | +€877 | +16.6% |
| Other amounts payable | 47/48 | €14,791 | €11,974 | -€2,817 | -19.0% |
| Turnover | 70 | €191,543 | €74,074 | -€117,468 | -61.3% |
| Other operating charges | 640/8 | €2,858 | €906 | -€1,952 | -68.3% |
| Non-recurring operating charges | 66A | €72 | - | -€72 | |
| Gross operating margin | 9900 | €66,614 | €35,185 | -€31,429 | -47.2% |
| Operating profit (loss) | 9901 | €63,684 | €34,279 | -€29,406 | -46.2% |
| Financial income | 75/76B | €578 | €1,463 | +€885 | +153.0% |
| Recurring financial income | 75 | €578 | €1,463 | +€885 | +153.0% |
| Financial charges | 65/66B | - | €839 | +€839 | |
| Recurring financial charges | 65 | - | €839 | +€839 | |
| Profit (loss) for the period before taxes | 9903 | €64,263 | €34,903 | -€29,359 | -45.7% |
| Income taxes | 67/77 | €20,524 | €11,357 | -€9,167 | -44.7% |
| Profit (loss) for the period | 9904 | €43,739 | €23,547 | -€20,192 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,739 | €23,547 | -€20,192 | -46.2% |
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 12 October 2026 via checked.be.