CAS: what changed
Two fiscal 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.
CAS
Largest movements
- Cash +€3,354
up €3,354 (+21.1%), from €15,900 to €19,254
mainly Net result for the year (+€6,136) and Depreciation (+€3,431)
- Reserves +€6,137
up €6,137 (+6.1%), from €100,951 to €107,088
of which Distributable reserves: +€6,137
- Tax, wage and social debts -€3,989
no longer reported in 2025 (was €3,989)
- Gross operating margin -€13,301
down €13,301 (-49.4%), from €26,928 to €13,627
- Taxes -€4,214
down €4,214 (-60.7%), from €6,944 to €2,730
- Depreciation -€614
down €614 (-15.2%), from €4,045 to €3,431
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.
Cash bridge derived
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 | €279,685 | €281,007 | +€1,322 | +0.5% |
| Fixed assets | 21/28 | €263,785 | €261,482 | -€2,303 | -0.9% |
| Tangible fixed assets | 22/27 | €263,785 | €261,482 | -€2,303 | -0.9% |
| Land and buildings | 22 | €263,785 | €261,482 | -€2,303 | -0.9% |
| Current assets | 29/58 | €15,900 | €19,525 | +€3,625 | +22.8% |
| Amounts receivable within one year | 40/41 | - | €270 | +€270 | |
| Other amounts receivable | 41 | - | €270 | +€270 | |
| Cash at bank and in hand | 54/58 | €15,900 | €19,254 | +€3,354 | +21.1% |
| Total equity and liabilities | 10/49 | €279,685 | €281,007 | +€1,322 | +0.5% |
| Equity | 10/15 | €199,003 | €205,140 | +€6,137 | +3.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €100,951 | €107,088 | +€6,137 | +6.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €94,751 | €100,888 | +€6,137 | +6.5% |
| Profit (loss) carried forward | 14 | €36,052 | €36,052 | -€0 | 0.0% |
| Amounts payable | 17/49 | €80,682 | €75,867 | -€4,815 | -6.0% |
| Amounts payable within one year | 42/48 | €80,682 | €75,867 | -€4,815 | -6.0% |
| Financial debts | 43 | €1,063 | €1,071 | +€8 | +0.7% |
| Credit institutions | 430/8 | €1,063 | €1,071 | +€8 | +0.7% |
| Trade debts | 44 | €905 | €0 | -€905 | -100.0% |
| Suppliers | 440/4 | €905 | - | -€905 | |
| Bills of exchange payable | 441 | - | €0 | +€0 | |
| Taxes, remuneration and social security | 45 | €3,989 | - | -€3,989 | |
| Taxes | 450/3 | €3,989 | - | -€3,989 | |
| Other amounts payable | 47/48 | €74,725 | €74,797 | +€72 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,045 | €3,431 | -€614 | -15.2% |
| Other operating charges | 640/8 | €1,114 | €1,185 | +€71 | +6.4% |
| Gross operating margin | 9900 | €26,928 | €13,627 | -€13,301 | -49.4% |
| Operating profit (loss) | 9901 | €21,769 | €9,011 | -€12,758 | -58.6% |
| Financial charges | 65/66B | €212 | €145 | -€67 | -31.5% |
| Recurring financial charges | 65 | €212 | €145 | -€67 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €21,557 | €8,866 | -€12,691 | -58.9% |
| Income taxes | 67/77 | €6,944 | €2,730 | -€4,214 | -60.7% |
| Profit (loss) for the period | 9904 | €14,613 | €6,136 | -€8,477 | -58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,613 | €6,136 | -€8,477 | -58.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.