THECAESAR: 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.
THECAESAR
Largest movements
- Receivables within one year +€220
up €220 (+1.7%), from €12,880 to €13,100
- Deferred charges and accrued income -€185
down €185 (-20.3%), from €911 to €726
- Profit (loss) carried forward +€291
up €291 (+0.1%), from -€306,574 to -€306,283
- Trade debts -€233
no longer reported in 2025 (was €233)
- Gross operating margin +€1,118
no longer reported in 2025 (was -€1,118)
- Financial income -€185
down €185 (-20.3%), from €911 to €726
- Financial charges -€124
no longer reported in 2025 (was €124)
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,791 | €13,826 | +€35 | +0.3% |
| Current assets | 29/58 | €13,791 | €13,826 | +€35 | +0.3% |
| Amounts receivable within one year | 40/41 | €12,880 | €13,100 | +€220 | +1.7% |
| Other amounts receivable | 41 | €12,880 | €13,100 | +€220 | +1.7% |
| Deferred charges and accrued income | 490/1 | €911 | €726 | -€185 | -20.3% |
| Total equity and liabilities | 10/49 | €13,791 | €13,826 | +€35 | +0.3% |
| Equity | 10/15 | -€196,574 | -€196,283 | +€291 | +0.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€306,574 | -€306,283 | +€291 | +0.1% |
| Amounts payable | 17/49 | €210,365 | €210,109 | -€256 | -0.1% |
| Amounts payable after more than one year | 17 | €210,109 | €210,109 | = | 0.0% |
| Other amounts payable | 178/9 | €210,109 | €210,109 | = | 0.0% |
| Amounts payable within one year | 42/48 | €256 | - | -€256 | |
| Financial debts | 43 | €23 | - | -€23 | |
| Credit institutions | 430/8 | €23 | - | -€23 | |
| Trade debts | 44 | €233 | - | -€233 | |
| Suppliers | 440/4 | €233 | - | -€233 | |
| Other operating charges | 640/8 | €520 | €528 | +€7 | +1.4% |
| Gross operating margin | 9900 | -€1,118 | - | +€1,118 | |
| Operating profit (loss) | 9901 | -€1,638 | -€528 | +€1,110 | +67.8% |
| Financial income | 75/76B | €911 | €726 | -€185 | -20.3% |
| Recurring financial income | 75 | €911 | €726 | -€185 | -20.3% |
| Financial charges | 65/66B | €124 | - | -€124 | |
| Recurring financial charges | 65 | €124 | - | -€124 | |
| Profit (loss) for the period before taxes | 9903 | -€851 | €198 | +€1,049 | |
| Profit (loss) for the period | 9904 | -€851 | €198 | +€1,049 | |
| Profit (loss) for the period to be appropriated | 9905 | -€851 | €198 | +€1,049 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.