C.A.E.-Projecten: 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.
What changed
C.A.E.-Projecten
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€30,256
2024 · €15,307+€14,949
Equity
€240,614
2024 · €210,359+€30,256
Cash
€4,523
2024 · €1,430+€3,094
Balance sheet total
€508,796
2024 · €537,923-€29,127
Largest movements
Assets
- Tangible fixed assets -€35,680
down €35,680 (-6.9%), from €517,660 to €481,980
of which Land and buildings: -€23,669
- Receivables after one year +€5,624
new in 2025: €5,624
Equity and liabilities
- Debts after one year -€48,182
down €48,182 (-21.3%), from €226,016 to €177,834
of which Financial debts: -€61,829
- Reserves +€30,256
up €30,256 (+15.9%), from €190,359 to €220,614
of which Distributable reserves: +€34,491
- Other debts -€19,557
down €19,557 (-81.7%), from €23,943 to €4,386
Income statement
- Gross operating margin +€20,099
up €20,099 (+24.3%), from €82,880 to €102,979
- Taxes +€7,049
up €7,049 (+72.2%), from €9,769 to €16,818
- Financial charges -€1,927
down €1,927 (-16.4%), from €11,747 to €9,820
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.
Result 2024
€15,307
Gross operating margin
+€20,099
Depreciation
-€740
Other operating charges
-€176
Other operating items
+€816
Financial income
+€72
Financial charges
+€1,927
Taxes
-€7,049
Result 2025
€30,256
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€57,439
Investment
-€8,978
Financing
-€45,368
Cash 2024
€1,430
From operations (derived)
+€57,439
Net result for the year
+€30,256
Depreciation
+€44,657
Receivables after one year
-€5,624
Receivables within one year
+€1,687
Deferred charges and accrued income
+€478
Provisions
-€1,059
Trade debts
+€2,297
Tax, wage and social debts
+€4,909
Other debts
-€19,557
Accrued charges and deferred income
-€605
Investment (derived)
-€8,978
Investment in fixed assets (net)
-€8,978
Financing
-€45,368
Debts after one year
-€48,182
Current portion of long-term debt
+€2,815
Cash 2025
€4,523
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €537,923 | €508,796 | -€29,127 | -5.4% |
| Fixed assets | 21/28 | €529,295 | €493,615 | -€35,680 | -6.7% |
| Tangible fixed assets | 22/27 | €517,660 | €481,980 | -€35,680 | -6.9% |
| Land and buildings | 22 | €436,584 | €412,916 | -€23,669 | -5.4% |
| Plant, machinery and equipment | 23 | €633 | €203 | -€430 | -67.9% |
| Furniture and vehicles | 24 | €80,442 | €68,861 | -€11,581 | -14.4% |
| Financial fixed assets | 28 | €11,635 | €11,635 | = | 0.0% |
| Current assets | 29/58 | €8,628 | €15,181 | +€6,553 | +75.9% |
| Amounts receivable after more than one year | 29 | - | €5,624 | +€5,624 | |
| Other amounts receivable | 291 | - | €5,624 | +€5,624 | |
| Amounts receivable within one year | 40/41 | €6,015 | €4,329 | -€1,687 | -28.0% |
| Trade receivables | 40 | €5,727 | €4,041 | -€1,687 | -29.4% |
| Other amounts receivable | 41 | €288 | €288 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,430 | €4,523 | +€3,094 | +216% |
| Deferred charges and accrued income | 490/1 | €1,183 | €704 | -€478 | -40.4% |
| Total equity and liabilities | 10/49 | €537,923 | €508,796 | -€29,127 | -5.4% |
| Equity | 10/15 | €210,359 | €240,614 | +€30,256 | +14.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €190,359 | €220,614 | +€30,256 | +15.9% |
| Tax-exempt reserves | 132 | €32,418 | €28,182 | -€4,235 | -13.1% |
| Distributable reserves | 133 | €157,941 | €192,432 | +€34,491 | +21.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €8,104 | €7,046 | -€1,059 | -13.1% |
| Deferred taxes | 168 | €8,104 | €7,046 | -€1,059 | -13.1% |
| Amounts payable | 17/49 | €319,460 | €261,137 | -€58,324 | -18.3% |
| Amounts payable after more than one year | 17 | €226,016 | €177,834 | -€48,182 | -21.3% |
| Financial debts | 170/4 | €171,530 | €109,701 | -€61,829 | -36.0% |
| Other amounts payable | 178/9 | €54,486 | €68,133 | +€13,647 | +25.0% |
| Amounts payable within one year | 42/48 | €91,835 | €82,299 | -€9,536 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €57,795 | €60,610 | +€2,815 | +4.9% |
| Trade debts | 44 | €3,005 | €5,302 | +€2,297 | +76.4% |
| Suppliers | 440/4 | €3,005 | €5,302 | +€2,297 | +76.4% |
| Taxes, remuneration and social security | 45 | €7,092 | €12,001 | +€4,909 | +69.2% |
| Taxes | 450/3 | €7,092 | €12,001 | +€4,909 | +69.2% |
| Other amounts payable | 47/48 | €23,943 | €4,386 | -€19,557 | -81.7% |
| Accrued charges and deferred income | 492/3 | €1,608 | €1,004 | -€605 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,917 | €44,657 | +€740 | +1.7% |
| Other operating charges | 640/8 | €2,384 | €2,560 | +€176 | +7.4% |
| Non-recurring operating charges | 66A | €816 | €0 | -€816 | -100% |
| Gross operating margin | 9900 | €82,880 | €102,979 | +€20,099 | +24.3% |
| Operating profit (loss) | 9901 | €35,763 | €55,762 | +€19,999 | +55.9% |
| Financial income | 75/76B | €0 | €72 | +€72 | |
| Recurring financial income | 75 | €0 | €72 | +€72 | |
| Financial charges | 65/66B | €11,747 | €9,820 | -€1,927 | -16.4% |
| Recurring financial charges | 65 | €11,747 | €9,820 | -€1,927 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €24,016 | €46,014 | +€21,998 | +91.6% |
| Transfer from deferred taxes | 780 | €1,059 | €1,059 | = | 0.0% |
| Income taxes | 67/77 | €9,769 | €16,818 | +€7,049 | +72.2% |
| Profit (loss) for the period | 9904 | €15,307 | €30,256 | +€14,949 | +97.7% |
| Transfer from tax-exempt reserves | 789 | €4,235 | €4,235 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,542 | €34,491 | +€14,949 | +76.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.