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
- Receivables within one year +€100,154
up €100,154 (+14.0%), from €716,126 to €816,281
of which Trade receivables: +€103,971
- Cash -€56,705
down €56,705 (-99.2%), from €57,139 to €434
mainly Receivables within one year (-€100,154) and Deferred charges and accrued income (-€517)
- Trade debts +€35,207
up €35,207 (+2.2%), from €1.6m to €1.6m
- Gross operating margin +€13,499
up €13,499, from -€1,716 to €11,783
- Depreciation -€6,427
down €6,427 (-84.8%), from €7,583 to €1,156
- Financial charges -€550
down €550 (-90.9%), from €606 to €55
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 | €827,446 | €870,257 | +€42,811 | +5.2% |
| Fixed assets | 21/28 | €53,333 | €52,177 | -€1,156 | -2.2% |
| Tangible fixed assets | 22/27 | €53,333 | €52,177 | -€1,156 | -2.2% |
| Land and buildings | 22 | €53,333 | €52,177 | -€1,156 | -2.2% |
| Current assets | 29/58 | €774,113 | €818,080 | +€43,967 | +5.7% |
| Amounts receivable within one year | 40/41 | €716,126 | €816,281 | +€100,154 | +14.0% |
| Trade receivables | 40 | €712,310 | €816,281 | +€103,971 | +14.6% |
| Other amounts receivable | 41 | €3,817 | - | -€3,817 | |
| Cash at bank and in hand | 54/58 | €57,139 | €434 | -€56,705 | -99.2% |
| Deferred charges and accrued income | 490/1 | €848 | €1,366 | +€517 | +61.0% |
| Total equity and liabilities | 10/49 | €827,446 | €870,257 | +€42,811 | +5.2% |
| Equity | 10/15 | -€1,870,716 | -€1,863,251 | +€7,465 | +0.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,891,176 | -€1,883,711 | +€7,465 | +0.4% |
| Amounts payable | 17/49 | €2,698,163 | €2,733,508 | +€35,345 | +1.3% |
| Amounts payable after more than one year | 17 | €1,103,656 | €1,103,656 | = | 0.0% |
| Financial debts | 170/4 | €1,103,656 | €1,103,656 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,594,507 | €1,629,852 | +€35,345 | +2.2% |
| Trade debts | 44 | €1,594,450 | €1,629,657 | +€35,207 | +2.2% |
| Suppliers | 440/4 | €1,594,450 | €1,629,657 | +€35,207 | +2.2% |
| Taxes, remuneration and social security | 45 | €57 | €195 | +€139 | +245.0% |
| Taxes | 450/3 | €57 | €195 | +€139 | +245.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,583 | €1,156 | -€6,427 | -84.8% |
| Other operating charges | 640/8 | €3,091 | €3,106 | +€15 | +0.5% |
| Gross operating margin | 9900 | -€1,716 | €11,783 | +€13,499 | |
| Operating profit (loss) | 9901 | -€12,390 | €7,521 | +€19,911 | |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €606 | €55 | -€550 | -90.9% |
| Recurring financial charges | 65 | €606 | €55 | -€550 | -90.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,981 | €7,465 | +€20,446 | |
| Profit (loss) for the period | 9904 | -€12,981 | €7,465 | +€20,446 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,981 | €7,465 | +€20,446 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.