VAN CAUWENBERGHE: what changed
VAN CAUWENBERGHE
Largest movements
- Receivables within one year +€47,822
up €47,822 (+90.9%), from €52,603 to €100,425
of which Other amounts receivable: +€49,927
- Receivables after one year -€35,000
no longer reported in 2025 (was €35,000)
- Cash +€2,993
up €2,993 (+53.3%), from €5,614 to €8,607
mainly Receivables after one year (+€35,000) and Other debts (+€8,567)
- Other debts +€8,567
up €8,567 (+69.6%), from €12,311 to €20,878
- Reserves +€6,500
up €6,500 (+10.7%), from €60,492 to €66,992
of which Distributable reserves: +€6,500
- Tax, wage and social debts +€2,763
up €2,763 (+248%), from €1,114 to €3,877
- Trade debts -€1,515
down €1,515 (-29.2%), from €5,195 to €3,680
- Gross operating margin +€5,712
up €5,712 (+89.0%), from €6,421 to €12,133
- Taxes +€2,079
up €2,079 (+231%), from €899 to €2,978
- Financial income -€1,742
down €1,742 (-97.3%), from €1,790 to €48
of which Financial income: -€1,352
- Other operating charges +€473
up €473 (+25.5%), from €1,851 to €2,324
- Financial charges -€254
down €254 (-49.3%), from €515 to €261
of which Financial charges: -€155
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,319 | €109,664 | +€16,345 | +17.5% |
| Fixed assets | 21/28 | €102 | €13 | -€89 | -87.2% |
| Tangible fixed assets | 22/27 | €102 | €13 | -€89 | -87.2% |
| Plant, machinery and equipment | 23 | €102 | €13 | -€89 | -87.2% |
| Current assets | 29/58 | €93,217 | €109,651 | +€16,434 | +17.6% |
| Amounts receivable after more than one year | 29 | €35,000 | - | -€35,000 | |
| Other amounts receivable | 291 | €35,000 | - | -€35,000 | |
| Amounts receivable within one year | 40/41 | €52,603 | €100,425 | +€47,822 | +90.9% |
| Trade receivables | 40 | €50,804 | €48,699 | -€2,105 | -4.1% |
| Other amounts receivable | 41 | €1,799 | €51,726 | +€49,927 | +2,775% |
| Cash at bank and in hand | 54/58 | €5,614 | €8,607 | +€2,993 | +53.3% |
| Deferred charges and accrued income | 490/1 | - | €619 | +€619 | |
| Total equity and liabilities | 10/49 | €93,319 | €109,664 | +€16,345 | +17.5% |
| Equity | 10/15 | €74,699 | €81,229 | +€6,530 | +8.7% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €60,492 | €66,992 | +€6,500 | +10.7% |
| 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 | €3,800 | €3,800 | = | 0.0% |
| Distributable reserves | 133 | €54,832 | €61,332 | +€6,500 | +11.9% |
| Profit (loss) carried forward | 14 | €7 | €36 | +€29 | +418% |
| Amounts payable | 17/49 | €18,620 | €28,436 | +€9,816 | +52.7% |
| Amounts payable within one year | 42/48 | €18,620 | €28,436 | +€9,816 | +52.7% |
| Trade debts | 44 | €5,195 | €3,680 | -€1,515 | -29.2% |
| Suppliers | 440/4 | €5,195 | €3,680 | -€1,515 | -29.2% |
| Taxes, remuneration and social security | 45 | €1,114 | €3,877 | +€2,763 | +248% |
| Taxes | 450/3 | €1,114 | €3,877 | +€2,763 | +248% |
| Other amounts payable | 47/48 | €12,311 | €20,878 | +€8,567 | +69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139 | €89 | -€50 | -36.3% |
| Other operating charges | 640/8 | €1,851 | €2,324 | +€473 | +25.5% |
| Gross operating margin | 9900 | €6,421 | €12,133 | +€5,712 | +89.0% |
| Operating profit (loss) | 9901 | €4,431 | €9,720 | +€5,289 | +119% |
| Financial income | 75/76B | €1,790 | €48 | -€1,742 | -97.3% |
| Recurring financial income | 75 | €1,400 | €48 | -€1,352 | -96.6% |
| Non-recurring financial income | 76B | €390 | - | -€390 | |
| Financial charges | 65/66B | €515 | €261 | -€254 | -49.3% |
| Recurring financial charges | 65 | €416 | €261 | -€155 | -37.2% |
| Non-recurring financial charges | 66B | €99 | - | -€99 | |
| Profit (loss) for the period before taxes | 9903 | €5,706 | €9,507 | +€3,801 | +66.6% |
| Income taxes | 67/77 | €899 | €2,978 | +€2,079 | +231% |
| Profit (loss) for the period | 9904 | €4,807 | €6,529 | +€1,722 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,807 | €6,529 | +€1,722 | +35.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.