C.A.S.52: 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.
C.A.S.52
Largest movements
- Financial fixed assets +€366,165
up €366,165 (+11.1%), from €3.3m to €3.7m
- Other debts +€315,269
up €315,269 (+33.9%), from €930,845 to €1.2m
- Profit (loss) carried forward +€43,706
up €43,706 (+0.6%), from -€6.8m to -€6.8m
- Financial income +€2,987
up €2,987 (+5.8%), from €51,712 to €54,699
- Gross operating margin +€2,635
up €2,635 (+19.0%), from €13,877 to €16,512
- Purchases and services +€2,412
up €2,412 (+22.3%), from €10,826 to €13,238
- Financial charges +€2,040
up €2,040 (+9.1%), from €22,315 to €24,355
- Turnover +€1,021
up €1,021 (+4.1%), from €24,703 to €25,724
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 | €3,365,889 | €3,724,836 | +€358,947 | +10.7% |
| Fixed assets | 21/28 | €3,288,803 | €3,652,996 | +€364,193 | +11.1% |
| Tangible fixed assets | 22/27 | €2,805 | €833 | -€1,972 | -70.3% |
| Furniture and vehicles | 24 | €2,805 | €833 | -€1,972 | -70.3% |
| Financial fixed assets | 28 | €3,285,998 | €3,652,163 | +€366,165 | +11.1% |
| Current assets | 29/58 | €77,086 | €71,840 | -€5,246 | -6.8% |
| Stocks and contracts in progress | 3 | €43,281 | €60,548 | +€17,267 | +39.9% |
| Contracts in progress | 37 | €43,281 | €60,548 | +€17,267 | +39.9% |
| Amounts receivable within one year | 40/41 | €33,686 | €4,820 | -€28,866 | -85.7% |
| Trade receivables | 40 | €23,772 | €150 | -€23,622 | -99.4% |
| Other amounts receivable | 41 | €9,914 | €4,670 | -€5,244 | -52.9% |
| Cash at bank and in hand | 54/58 | €119 | €6,472 | +€6,353 | +5,339% |
| Total equity and liabilities | 10/49 | €3,365,889 | €3,724,836 | +€358,947 | +10.7% |
| Equity | 10/15 | -€5,802,136 | -€5,758,430 | +€43,706 | +0.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,802,136 | -€6,758,430 | +€43,706 | +0.6% |
| Amounts payable | 17/49 | €9,168,025 | €9,483,266 | +€315,241 | +3.4% |
| Amounts payable after more than one year | 17 | €8,237,000 | €8,237,000 | = | 0.0% |
| Financial debts | 170/4 | €8,237,000 | €8,237,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €931,025 | €1,246,266 | +€315,241 | +33.9% |
| Trade debts | 44 | €180 | €152 | -€28 | -15.6% |
| Suppliers | 440/4 | €180 | €152 | -€28 | -15.6% |
| Other amounts payable | 47/48 | €930,845 | €1,246,114 | +€315,269 | +33.9% |
| Turnover | 70 | €24,703 | €25,724 | +€1,021 | +4.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,826 | €13,238 | +€2,412 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,327 | €1,972 | -€355 | -15.3% |
| Other operating charges | 640/8 | €968 | €998 | +€30 | +3.1% |
| Gross operating margin | 9900 | €13,877 | €16,512 | +€2,635 | +19.0% |
| Operating profit (loss) | 9901 | €10,582 | €13,542 | +€2,960 | +28.0% |
| Financial income | 75/76B | €51,712 | €54,699 | +€2,987 | +5.8% |
| Recurring financial income | 75 | €51,712 | €54,699 | +€2,987 | +5.8% |
| Financial charges | 65/66B | €22,315 | €24,355 | +€2,040 | +9.1% |
| Recurring financial charges | 65 | €22,315 | €24,355 | +€2,040 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €39,979 | €43,886 | +€3,907 | +9.8% |
| Income taxes | 67/77 | €167 | €180 | +€13 | +7.8% |
| Profit (loss) for the period | 9904 | €39,812 | €43,706 | +€3,894 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,812 | €43,706 | +€3,894 | +9.8% |
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 18 October 2026 via checked.be.