A&F 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.
A&F CASA
Largest movements
- Stocks and contracts -€315,310
down €315,310 (-100%), from €315,310 to €0
- Receivables within one year +€55,473
up €55,473, from €0 to €55,473
- Cash -€19,845
down €19,845 (-37.9%), from €52,394 to €32,549
mainly Other debts (-€267,329) and Receivables within one year (-€55,473)
- Other debts -€267,329
down €267,329 (-97.7%), from €273,689 to €6,360
- Tax, wage and social debts -€24,568
down €24,568 (-98.3%), from €24,991 to €422
- Accrued charges and deferred income +€12,500
new in 2025: €12,500
- Gross operating margin -€85,611
down €85,611 (-88.3%), from €97,005 to €11,394
- Taxes -€24,568
down €24,568 (-98.3%), from €24,991 to €422
- Financial income +€3,204
up €3,204, from €0 to €3,204
- Financial charges -€1,117
down €1,117 (-88.2%), from €1,267 to €150
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €367,704 | €88,022 | -€279,682 | -76.1% |
| Current assets | 29/58 | €367,704 | €88,022 | -€279,682 | -76.1% |
| Stocks and contracts in progress | 3 | €315,310 | €0 | -€315,310 | -100% |
| Stocks | 30/36 | €315,310 | €0 | -€315,310 | -100% |
| Amounts receivable within one year | 40/41 | €0 | €55,473 | +€55,473 | |
| Trade receivables | 40 | €0 | €55,473 | +€55,473 | |
| Cash at bank and in hand | 54/58 | €52,394 | €32,549 | -€19,845 | -37.9% |
| Total equity and liabilities | 10/49 | €367,704 | €88,022 | -€279,682 | -76.1% |
| Equity | 10/15 | €67,456 | €68,582 | +€1,127 | +1.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €66,456 | €67,582 | +€1,127 | +1.7% |
| Distributable reserves | 133 | €66,456 | €67,582 | +€1,127 | +1.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €300,248 | €19,440 | -€280,808 | -93.5% |
| Amounts payable within one year | 42/48 | €300,248 | €6,940 | -€293,308 | -97.7% |
| Trade debts | 44 | €1,569 | €157 | -€1,412 | -90.0% |
| Suppliers | 440/4 | €1,569 | €157 | -€1,412 | -90.0% |
| Taxes, remuneration and social security | 45 | €24,991 | €422 | -€24,568 | -98.3% |
| Taxes | 450/3 | €24,991 | €422 | -€24,568 | -98.3% |
| Other amounts payable | 47/48 | €273,689 | €6,360 | -€267,329 | -97.7% |
| Accrued charges and deferred income | 492/3 | - | €12,500 | +€12,500 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €12,500 | +€12,500 | |
| Gross operating margin | 9900 | €97,005 | €11,394 | -€85,611 | -88.3% |
| Operating profit (loss) | 9901 | €96,618 | -€1,505 | -€98,123 | |
| Financial income | 75/76B | €0 | €3,204 | +€3,204 | |
| Recurring financial income | 75 | €0 | €3,204 | +€3,204 | |
| Financial charges | 65/66B | €1,267 | €150 | -€1,117 | -88.2% |
| Recurring financial charges | 65 | €1,267 | €150 | -€1,117 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | €95,351 | €1,549 | -€93,802 | -98.4% |
| Income taxes | 67/77 | €24,991 | €422 | -€24,568 | -98.3% |
| Profit (loss) for the period | 9904 | €70,361 | €1,127 | -€69,234 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,361 | €1,127 | -€69,234 | -98.4% |
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 1 November 2026 via checked.be.