Van Cauteren Projects: what changed
Two fiscal 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 Cauteren Projects
Largest movements
- Deferred charges and accrued income +€10,921
up €10,921 (+661.4%), from €1,651 to €12,572
- Tangible fixed assets -€4,186
down €4,186 (-59.1%), from €7,086 to €2,900
of which Furniture and vehicles: -€5,828
- Cash -€3,822
down €3,822 (-31.7%), from €12,040 to €8,218
mainly Deferred charges and accrued income (-€10,921) and Receivables within one year (-€762)
- Receivables within one year +€762
up €762 (+3.9%), from €19,712 to €20,475
of which Trade receivables: +€951
- Profit (loss) carried forward +€2,387
up €2,387 (+10.3%), from €23,254 to €25,641
- Tax, wage and social debts +€648
up €648 (+7.4%), from €8,779 to €9,427
- Trade debts +€584
up €584 (+20.9%), from €2,798 to €3,383
- Gross operating margin -€25,254
down €25,254 (-71.6%), from €35,249 to €9,995
- Taxes -€4,255
down €4,255 (-68.0%), from €6,260 to €2,005
- Depreciation -€512
down €512 (-34.4%), from €1,485 to €974
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 | €40,490 | €44,165 | +€3,675 | +9.1% |
| Fixed assets | 21/28 | €7,086 | €2,900 | -€4,186 | -59.1% |
| Tangible fixed assets | 22/27 | €7,086 | €2,900 | -€4,186 | -59.1% |
| Plant, machinery and equipment | 23 | - | €1,642 | +€1,642 | |
| Furniture and vehicles | 24 | €7,086 | €1,258 | -€5,828 | -82.2% |
| Current assets | 29/58 | €33,404 | €41,265 | +€7,861 | +23.5% |
| Amounts receivable within one year | 40/41 | €19,712 | €20,475 | +€762 | +3.9% |
| Trade receivables | 40 | €19,524 | €20,475 | +€951 | +4.9% |
| Other amounts receivable | 41 | €188 | €0 | -€188 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,040 | €8,218 | -€3,822 | -31.7% |
| Deferred charges and accrued income | 490/1 | €1,651 | €12,572 | +€10,921 | +661.4% |
| Total equity and liabilities | 10/49 | €40,490 | €44,165 | +€3,675 | +9.1% |
| Equity | 10/15 | €26,984 | €29,371 | +€2,387 | +8.8% |
| Contributions | 10/11 | €3,730 | €3,730 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,254 | €25,641 | +€2,387 | +10.3% |
| Amounts payable | 17/49 | €13,506 | €14,794 | +€1,288 | +9.5% |
| Amounts payable within one year | 42/48 | €13,506 | €14,794 | +€1,288 | +9.5% |
| Trade debts | 44 | €2,798 | €3,383 | +€584 | +20.9% |
| Suppliers | 440/4 | €2,798 | €3,383 | +€584 | +20.9% |
| Taxes, remuneration and social security | 45 | €8,779 | €9,427 | +€648 | +7.4% |
| Taxes | 450/3 | €8,779 | €9,427 | +€648 | +7.4% |
| Other amounts payable | 47/48 | €1,929 | €1,985 | +€56 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,485 | €974 | -€512 | -34.4% |
| Other operating charges | 640/8 | €484 | €574 | +€90 | +18.6% |
| Gross operating margin | 9900 | €35,249 | €9,995 | -€25,254 | -71.6% |
| Operating profit (loss) | 9901 | €33,280 | €8,447 | -€24,832 | -74.6% |
| Financial income | 75/76B | €0 | €11 | +€11 | +16300.0% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +16300.0% |
| Financial charges | 65/66B | €3,766 | €4,067 | +€301 | +8.0% |
| Recurring financial charges | 65 | €3,766 | €4,067 | +€301 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €29,514 | €4,392 | -€25,122 | -85.1% |
| Income taxes | 67/77 | €6,260 | €2,005 | -€4,255 | -68.0% |
| Profit (loss) for the period | 9904 | €23,254 | €2,387 | -€20,867 | -89.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,254 | €2,387 | -€20,867 | -89.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.