Van Causbrouck Cathy: 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.
Van Causbrouck Cathy
Largest movements
- Tangible fixed assets -€35,227
down €35,227 (-14.1%), from €249,713 to €214,486
- Cash -€29,431
down €29,431 (-77.4%), from €38,035 to €8,604
mainly Contributions, distributions and other (-€50,000) and Other debts (-€23,964)
- Reserves -€34,109
down €34,109 (-17.2%), from €198,556 to €164,447
of which Distributable reserves: -€18,919
- Other debts -€23,964
no longer reported in 2025 (was €23,964)
- Provisions -€7,821
down €7,821 (-18.6%), from €42,007 to €34,185
- Gross operating margin +€18,554
up €18,554 (+220%), from €8,444 to €26,998
- Taxes +€8,011
new in 2025: €8,011
- Depreciation -€2,613
down €2,613 (-22.6%), from €11,577 to €8,964
- Other operating charges +€1,082
up €1,082 (+117%), from €923 to €2,006
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 | €287,748 | €223,090 | -€64,658 | -22.5% |
| Fixed assets | 21/28 | €249,713 | €214,486 | -€35,227 | -14.1% |
| Tangible fixed assets | 22/27 | €249,713 | €214,486 | -€35,227 | -14.1% |
| Land and buildings | 22 | €249,713 | €214,486 | -€35,227 | -14.1% |
| Current assets | 29/58 | €38,035 | €8,604 | -€29,431 | -77.4% |
| Cash at bank and in hand | 54/58 | €38,035 | €8,604 | -€29,431 | -77.4% |
| Total equity and liabilities | 10/49 | €287,748 | €223,090 | -€64,658 | -22.5% |
| Equity | 10/15 | €217,156 | €183,047 | -€34,109 | -15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,556 | €164,447 | -€34,109 | -17.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €81,579 | €66,389 | -€15,190 | -18.6% |
| Distributable reserves | 133 | €115,117 | €96,198 | -€18,919 | -16.4% |
| Provisions and deferred taxes | 16 | €42,007 | €34,185 | -€7,821 | -18.6% |
| Deferred taxes | 168 | €42,007 | €34,185 | -€7,821 | -18.6% |
| Amounts payable | 17/49 | €28,585 | €5,858 | -€22,728 | -79.5% |
| Amounts payable within one year | 42/48 | €26,577 | €3,740 | -€22,837 | -85.9% |
| Trade debts | 44 | €2,613 | €1,758 | -€854 | -32.7% |
| Suppliers | 440/4 | €2,613 | €1,758 | -€854 | -32.7% |
| Taxes, remuneration and social security | 45 | - | €1,982 | +€1,982 | |
| Taxes | 450/3 | - | €1,982 | +€1,982 | |
| Other amounts payable | 47/48 | €23,964 | - | -€23,964 | |
| Accrued charges and deferred income | 492/3 | €2,009 | €2,118 | +€109 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,577 | €8,964 | -€2,613 | -22.6% |
| Other operating charges | 640/8 | €923 | €2,006 | +€1,082 | +117% |
| Gross operating margin | 9900 | €8,444 | €26,998 | +€18,554 | +220% |
| Operating profit (loss) | 9901 | -€4,056 | €16,028 | +€20,084 | |
| Financial income | 75/76B | €32 | €98 | +€66 | +202% |
| Recurring financial income | 75 | €32 | €98 | +€66 | +202% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,068 | €16,081 | +€20,149 | |
| Transfer from deferred taxes | 780 | €2,358 | €7,821 | +€5,464 | +232% |
| Income taxes | 67/77 | - | €8,011 | +€8,011 | |
| Profit (loss) for the period | 9904 | -€1,711 | €15,891 | +€17,602 | |
| Transfer from tax-exempt reserves | 789 | €4,579 | €15,190 | +€10,611 | +232% |
| Profit (loss) for the period to be appropriated | 9905 | €2,868 | €31,081 | +€28,213 | +984% |
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 15 October 2026 via checked.be.