Cas Logistics: 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 Logistics
Largest movements
- Financial fixed assets +€565,600
up €565,600 (+1,863%), from €30,363 to €595,963
- Cash -€29,003
down €29,003 (-82.8%), from €35,032 to €6,029
mainly Investment in fixed assets (net) (-€565,600) and Net result for the year (-€46,271)
- Tangible fixed assets -€28,539
down €28,539 (-29.4%), from €97,012 to €68,474
of which Leasing and similar rights: -€16,264
- Receivables within one year +€20,202
up €20,202 (+19.8%), from €101,850 to €122,053
of which Trade receivables: +€35,090
- Debts after one year +€488,692
up €488,692 (+1,597%), from €30,596 to €519,289
of which Financial debts: +€514,878
- Trade debts +€57,802
up €57,802 (+51.5%), from €112,139 to €169,941
- Reserves -€46,271
down €46,271 (-41.7%), from €110,978 to €64,707
- Current portion of long-term debt +€19,056
up €19,056 (+80.5%), from €23,662 to €42,718
- Gross operating margin -€124,902
down €124,902, from €122,195 to -€2,706
- Staff costs -€46,141
down €46,141 (-100%), from €46,141 to €0
- Taxes -€10,265
down €10,265 (-100%), from €10,265 to €0
- Financial charges +€6,327
up €6,327 (+235%), from €2,697 to €9,024
- Write-downs +€5,561
up €5,561, from -€5,561 to €0
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 | €312,357 | €834,973 | +€522,615 | +167% |
| Fixed assets | 21/28 | €172,361 | €704,423 | +€532,061 | +309% |
| Intangible fixed assets | 21 | €44,986 | €39,986 | -€5,000 | -11.1% |
| Tangible fixed assets | 22/27 | €97,012 | €68,474 | -€28,539 | -29.4% |
| Plant, machinery and equipment | 23 | €31,222 | €23,165 | -€8,058 | -25.8% |
| Furniture and vehicles | 24 | €5,076 | €1,227 | -€3,848 | -75.8% |
| Leasing and similar rights | 25 | €57,482 | €41,218 | -€16,264 | -28.3% |
| Other tangible fixed assets | 26 | €3,232 | €2,864 | -€368 | -11.4% |
| Financial fixed assets | 28 | €30,363 | €595,963 | +€565,600 | +1,863% |
| Current assets | 29/58 | €139,996 | €130,550 | -€9,446 | -6.7% |
| Amounts receivable within one year | 40/41 | €101,850 | €122,053 | +€20,202 | +19.8% |
| Trade receivables | 40 | €79,152 | €114,242 | +€35,090 | +44.3% |
| Other amounts receivable | 41 | €22,698 | €7,811 | -€14,887 | -65.6% |
| Cash at bank and in hand | 54/58 | €35,032 | €6,029 | -€29,003 | -82.8% |
| Deferred charges and accrued income | 490/1 | €3,114 | €2,469 | -€646 | -20.7% |
| Total equity and liabilities | 10/49 | €312,357 | €834,973 | +€522,615 | +167% |
| Equity | 10/15 | €140,978 | €94,707 | -€46,271 | -32.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €110,978 | €64,707 | -€46,271 | -41.7% |
| Distributable reserves | 133 | €110,978 | €64,707 | -€46,271 | -41.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €171,380 | €740,266 | +€568,886 | +332% |
| Amounts payable after more than one year | 17 | €30,596 | €519,289 | +€488,692 | +1,597% |
| Financial debts | 170/4 | €4,411 | €519,289 | +€514,878 | +11,672% |
| Other amounts payable | 178/9 | €26,185 | €0 | -€26,185 | -100% |
| Amounts payable within one year | 42/48 | €139,076 | €220,977 | +€81,902 | +58.9% |
| Current portion of amounts payable after more than one year | 42 | €23,662 | €42,718 | +€19,056 | +80.5% |
| Trade debts | 44 | €112,139 | €169,941 | +€57,802 | +51.5% |
| Suppliers | 440/4 | €112,139 | €169,941 | +€57,802 | +51.5% |
| Taxes, remuneration and social security | 45 | €3,275 | €0 | -€3,275 | -100% |
| Taxes | 450/3 | €19 | €0 | -€19 | -100% |
| Remuneration and social security | 454/9 | €3,256 | €0 | -€3,256 | -100% |
| Other amounts payable | 47/48 | €0 | €8,318 | +€8,318 | |
| Accrued charges and deferred income | 492/3 | €1,708 | €0 | -€1,708 | -100% |
| Remuneration, social security and pensions | 62 | €46,141 | €0 | -€46,141 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,120 | €33,539 | +€2,418 | +7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,561 | €0 | +€5,561 | |
| Other operating charges | 640/8 | €1,736 | €1,002 | -€733 | -42.2% |
| Non-recurring operating charges | 66A | €4,840 | €0 | -€4,840 | -100% |
| Gross operating margin | 9900 | €122,195 | -€2,706 | -€124,902 | |
| Operating profit (loss) | 9901 | €43,919 | -€37,247 | -€81,166 | |
| Financial income | 75/76B | €99 | €0 | -€99 | -100% |
| Recurring financial income | 75 | €99 | €0 | -€99 | -100% |
| Financial charges | 65/66B | €2,697 | €9,024 | +€6,327 | +235% |
| Recurring financial charges | 65 | €2,697 | €9,024 | +€6,327 | +235% |
| Profit (loss) for the period before taxes | 9903 | €41,321 | -€46,271 | -€87,592 | |
| Income taxes | 67/77 | €10,265 | €0 | -€10,265 | -100% |
| Profit (loss) for the period | 9904 | €31,056 | -€46,271 | -€77,327 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,056 | -€46,271 | -€77,327 |
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 15 October 2026 via checked.be.