3 A CASA: 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
3 A CASA
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€61,305
2024 · €422,156-€483,461
Equity
€1.7m
2024 · €1.8m-€61,305
Cash
€41,521
2024 · €17,784+€23,737
Balance sheet total
€4.1m
2024 · €4.3m-€211,960
Largest movements
Assets
- Tangible fixed assets -€173,123
down €173,123 (-4.4%), from €3.9m to €3.8m
of which Land and buildings: -€173,123
- Deferred charges and accrued income -€63,759
no longer reported in 2025 (was €63,759)
Equity and liabilities
- Debts after one year -€120,353
down €120,353 (-11.8%), from €1.0m to €897,279
- Profit (loss) carried forward -€61,305
down €61,305 (-4.2%), from -€1.4m to -€1.5m
- Accrued charges and deferred income -€44,409
down €44,409 (-71.7%), from €61,963 to €17,554
Income statement
- Gross operating margin -€515,768
down €515,768 (-74.0%), from €697,186 to €181,418
- Financial charges -€40,289
down €40,289 (-65.3%), from €61,658 to €21,369
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
€422,156
Gross operating margin
-€515,768
Depreciation
-€23
Other operating charges
-€6,692
Financial income
-€1,250
Financial charges
+€40,289
Taxes
-€16
Result 2025
-€61,305
raises the resultlowers the result
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
+€163,087
Investment
-€21,200
Financing
-€118,150
Cash 2024
€17,784
From operations (derived)
+€163,087
Net result for the year
-€61,305
Depreciation
+€194,323
Receivables within one year
-€1,184
Deferred charges and accrued income
+€63,759
Trade debts
+€13,353
Tax, wage and social debts
+€176
Other debts
-€1,625
Accrued charges and deferred income
-€44,409
Investment (derived)
-€21,200
Investment in fixed assets (net)
-€21,200
Financing
-€118,150
Debts after one year
-€120,353
Current portion of long-term debt
+€2,203
Cash 2025
€41,521
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,262,583 | €4,050,623 | -€211,960 | -5.0% |
| Fixed assets | 21/28 | €3,944,204 | €3,771,081 | -€173,123 | -4.4% |
| Tangible fixed assets | 22/27 | €3,943,247 | €3,770,124 | -€173,123 | -4.4% |
| Land and buildings | 22 | €3,940,097 | €3,766,974 | -€173,123 | -4.4% |
| Other tangible fixed assets | 26 | €3,150 | €3,150 | = | 0.0% |
| Financial fixed assets | 28 | €958 | €958 | = | 0.0% |
| Current assets | 29/58 | €318,379 | €279,542 | -€38,837 | -12.2% |
| Amounts receivable within one year | 40/41 | €236,836 | €238,021 | +€1,184 | +0.5% |
| Other amounts receivable | 41 | €236,836 | €238,021 | +€1,184 | +0.5% |
| Cash at bank and in hand | 54/58 | €17,784 | €41,521 | +€23,737 | +133% |
| Deferred charges and accrued income | 490/1 | €63,759 | - | -€63,759 | |
| Total equity and liabilities | 10/49 | €4,262,583 | €4,050,623 | -€211,960 | -5.0% |
| Equity | 10/15 | €1,773,221 | €1,711,916 | -€61,305 | -3.5% |
| Contributions | 10/11 | €508,000 | €508,000 | = | 0.0% |
| Capital | 10 | €508,000 | €508,000 | = | 0.0% |
| Issued capital | 100 | €508,000 | €508,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,706,418 | €2,706,418 | = | 0.0% |
| Reserves | 13 | €5,500 | €5,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,500 | €5,500 | = | 0.0% |
| Legal reserve | 130 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,446,697 | -€1,508,002 | -€61,305 | -4.2% |
| Amounts payable | 17/49 | €2,489,362 | €2,338,707 | -€150,655 | -6.1% |
| Amounts payable after more than one year | 17 | €1,017,632 | €897,279 | -€120,353 | -11.8% |
| Financial debts | 170/4 | €1,017,632 | €897,279 | -€120,353 | -11.8% |
| Amounts payable within one year | 42/48 | €1,409,767 | €1,423,874 | +€14,107 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €118,150 | €120,353 | +€2,203 | +1.9% |
| Trade debts | 44 | €9,472 | €22,824 | +€13,353 | +141% |
| Suppliers | 440/4 | €9,472 | €22,824 | +€13,353 | +141% |
| Taxes, remuneration and social security | 45 | - | €176 | +€176 | |
| Taxes | 450/3 | - | €176 | +€176 | |
| Other amounts payable | 47/48 | €1,282,146 | €1,280,521 | -€1,625 | -0.1% |
| Accrued charges and deferred income | 492/3 | €61,963 | €17,554 | -€44,409 | -71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194,300 | €194,323 | +€23 | 0.0% |
| Other operating charges | 640/8 | €21,347 | €28,039 | +€6,692 | +31.4% |
| Gross operating margin | 9900 | €697,186 | €181,418 | -€515,768 | -74.0% |
| Operating profit (loss) | 9901 | €481,540 | -€40,944 | -€522,483 | |
| Financial income | 75/76B | €2,434 | €1,184 | -€1,250 | -51.3% |
| Recurring financial income | 75 | €2,434 | €1,184 | -€1,250 | -51.3% |
| Financial charges | 65/66B | €61,658 | €21,369 | -€40,289 | -65.3% |
| Recurring financial charges | 65 | €61,658 | €21,369 | -€40,289 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | €422,316 | -€61,129 | -€483,444 | |
| Income taxes | 67/77 | €160 | €176 | +€16 | +10.1% |
| Profit (loss) for the period | 9904 | €422,156 | -€61,305 | -€483,461 | |
| Profit (loss) for the period to be appropriated | 9905 | €422,156 | -€61,305 | -€483,461 |
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 20 October 2026 via checked.be.