Van Cauter J.: 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 Cauter J.
Largest movements
- Receivables after one year -€120,000
down €120,000 (-80.0%), from €150,000 to €30,000
- Cash -€34,627
down €34,627 (-16.9%), from €205,380 to €170,753
mainly Contributions, distributions and other (-€372,092)
- Tangible fixed assets -€4,599
down €4,599 (-30.7%), from €15,003 to €10,404
- Reserves -€236,794
down €236,794 (-69.4%), from €341,168 to €104,374
- Tax, wage and social debts +€70,872
up €70,872 (+181%), from €39,191 to €110,062
- Gross operating margin +€36,160
up €36,160 (+26.2%), from €137,924 to €174,084
- Taxes +€16,426
up €16,426 (+54.6%), from €30,074 to €46,500
- Financial income +€8,229
up €8,229 (+174%), from €4,735 to €12,964
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 | €384,792 | €223,215 | -€161,577 | -42.0% |
| Fixed assets | 21/28 | €15,003 | €10,404 | -€4,599 | -30.7% |
| Tangible fixed assets | 22/27 | €15,003 | €10,404 | -€4,599 | -30.7% |
| Furniture and vehicles | 24 | €15,003 | €10,404 | -€4,599 | -30.7% |
| Current assets | 29/58 | €369,789 | €212,811 | -€156,979 | -42.5% |
| Amounts receivable after more than one year | 29 | €150,000 | €30,000 | -€120,000 | -80.0% |
| Other amounts receivable | 291 | €150,000 | €30,000 | -€120,000 | -80.0% |
| Amounts receivable within one year | 40/41 | €14,410 | €12,058 | -€2,352 | -16.3% |
| Trade receivables | 40 | €14,404 | €12,058 | -€2,346 | -16.3% |
| Other amounts receivable | 41 | €6 | - | -€6 | |
| Cash at bank and in hand | 54/58 | €205,380 | €170,753 | -€34,627 | -16.9% |
| Total equity and liabilities | 10/49 | €384,792 | €223,215 | -€161,577 | -42.0% |
| Equity | 10/15 | €342,168 | €105,374 | -€236,794 | -69.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €341,168 | €104,374 | -€236,794 | -69.4% |
| Distributable reserves | 133 | €341,168 | €104,374 | -€236,794 | -69.4% |
| Amounts payable | 17/49 | €42,624 | €117,841 | +€75,217 | +176% |
| Amounts payable within one year | 42/48 | €42,624 | €117,841 | +€75,217 | +176% |
| Trade debts | 44 | €702 | €1,819 | +€1,116 | +159% |
| Suppliers | 440/4 | €702 | €1,819 | +€1,116 | +159% |
| Taxes, remuneration and social security | 45 | €39,191 | €110,062 | +€70,872 | +181% |
| Taxes | 450/3 | €39,191 | €110,062 | +€70,872 | +181% |
| Other amounts payable | 47/48 | €2,731 | €5,960 | +€3,229 | +118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,599 | €4,599 | = | 0.0% |
| Other operating charges | 640/8 | €497 | €512 | +€16 | +3.2% |
| Gross operating margin | 9900 | €137,924 | €174,084 | +€36,160 | +26.2% |
| Operating profit (loss) | 9901 | €132,828 | €168,973 | +€36,144 | +27.2% |
| Financial income | 75/76B | €4,735 | €12,964 | +€8,229 | +174% |
| Recurring financial income | 75 | €4,735 | €12,964 | +€8,229 | +174% |
| Financial charges | 65/66B | €42 | €139 | +€97 | +230% |
| Recurring financial charges | 65 | €42 | €139 | +€97 | +230% |
| Profit (loss) for the period before taxes | 9903 | €137,521 | €181,797 | +€44,277 | +32.2% |
| Income taxes | 67/77 | €30,074 | €46,500 | +€16,426 | +54.6% |
| Profit (loss) for the period | 9904 | €107,447 | €135,297 | +€27,851 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €107,447 | €135,297 | +€27,851 | +25.9% |
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 18 October 2026 via checked.be.