CAS: 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.
CAS
Largest movements
- Tangible fixed assets -€15,974
down €15,974 (-11.2%), from €143,172 to €127,198
of which Land and buildings: -€16,917
- Receivables within one year +€2,135
up €2,135 (+21.3%), from €10,039 to €12,174
of which Other amounts receivable: +€4,365
- Cash -€2,091
down €2,091 (-5.7%), from €36,715 to €34,624
mainly Debts after one year (-€16,297) and Contributions, distributions and other (-€12,105)
- Debts after one year -€16,297
down €16,297 (-22.1%), from €73,589 to €57,292
- Reserves -€12,105
down €12,105 (-14.7%), from €82,144 to €70,039
of which Distributable reserves: -€12,105
- Other debts +€12,105
new in 2025: €12,105
- Profit (loss) carried forward -€2,744
new in 2025: -€2,744
- Trade debts +€2,017
up €2,017 (+148%), from €1,362 to €3,379
- Gross operating margin -€9,182
down €9,182 (-28.6%), from €32,076 to €22,893
- Taxes -€2,654
down €2,654 (-93.1%), from €2,850 to €196
- Depreciation +€877
up €877 (+5.0%), from €17,443 to €18,320
- Financial charges +€610
up €610 (+20.2%), from €3,022 to €3,632
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 | €195,125 | €177,844 | -€17,281 | -8.9% |
| Fixed assets | 21/28 | €143,172 | €127,198 | -€15,974 | -11.2% |
| Tangible fixed assets | 22/27 | €143,172 | €127,198 | -€15,974 | -11.2% |
| Land and buildings | 22 | €139,511 | €122,594 | -€16,917 | -12.1% |
| Plant, machinery and equipment | 23 | €1,688 | €2,889 | +€1,201 | +71.2% |
| Furniture and vehicles | 24 | €1,973 | €1,714 | -€259 | -13.1% |
| Current assets | 29/58 | €51,953 | €50,646 | -€1,307 | -2.5% |
| Amounts receivable within one year | 40/41 | €10,039 | €12,174 | +€2,135 | +21.3% |
| Trade receivables | 40 | €7,643 | €5,413 | -€2,230 | -29.2% |
| Other amounts receivable | 41 | €2,395 | €6,760 | +€4,365 | +182% |
| Cash at bank and in hand | 54/58 | €36,715 | €34,624 | -€2,091 | -5.7% |
| Deferred charges and accrued income | 490/1 | €5,199 | €3,848 | -€1,351 | -26.0% |
| Total equity and liabilities | 10/49 | €195,125 | €177,844 | -€17,281 | -8.9% |
| Equity | 10/15 | €94,544 | €79,694 | -€14,849 | -15.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €82,144 | €70,039 | -€12,105 | -14.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €80,284 | €68,179 | -€12,105 | -15.1% |
| Profit (loss) carried forward | 14 | - | -€2,744 | -€2,744 | |
| Amounts payable | 17/49 | €100,581 | €98,150 | -€2,431 | -2.4% |
| Amounts payable after more than one year | 17 | €73,589 | €57,292 | -€16,297 | -22.1% |
| Financial debts | 170/4 | €73,589 | €57,292 | -€16,297 | -22.1% |
| Amounts payable within one year | 42/48 | €22,627 | €36,009 | +€13,383 | +59.1% |
| Current portion of amounts payable after more than one year | 42 | €15,710 | €16,297 | +€587 | +3.7% |
| Trade debts | 44 | €1,362 | €3,379 | +€2,017 | +148% |
| Suppliers | 440/4 | €1,362 | €3,379 | +€2,017 | +148% |
| Taxes, remuneration and social security | 45 | €5,554 | €4,228 | -€1,327 | -23.9% |
| Taxes | 450/3 | €5,554 | €4,228 | -€1,327 | -23.9% |
| Other amounts payable | 47/48 | - | €12,105 | +€12,105 | |
| Accrued charges and deferred income | 492/3 | €4,365 | €4,848 | +€483 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,443 | €18,320 | +€877 | +5.0% |
| Other operating charges | 640/8 | €3,501 | €3,652 | +€151 | +4.3% |
| Gross operating margin | 9900 | €32,076 | €22,893 | -€9,182 | -28.6% |
| Operating profit (loss) | 9901 | €11,132 | €921 | -€10,211 | -91.7% |
| Financial income | 75/76B | - | €163 | +€163 | |
| Recurring financial income | 75 | - | €163 | +€163 | |
| Financial charges | 65/66B | €3,022 | €3,632 | +€610 | +20.2% |
| Recurring financial charges | 65 | €3,022 | €3,632 | +€610 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €8,110 | -€2,548 | -€10,659 | |
| Income taxes | 67/77 | €2,850 | €196 | -€2,654 | -93.1% |
| Profit (loss) for the period | 9904 | €5,260 | -€2,744 | -€8,004 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,260 | -€2,744 | -€8,004 |
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.