Cas Works: what changed
Cas Works
Largest movements
- Receivables within one year +€33,415
up €33,415 (+260%), from €12,854 to €46,269
of which Trade receivables: +€34,444
- Cash -€18,238
down €18,238 (-55.2%), from €33,022 to €14,783
mainly Receivables within one year (-€33,415) and Stocks and contracts (-€4,000)
- Stocks and contracts +€4,000
new in 2025: €4,000
- Tangible fixed assets -€1,916
down €1,916 (-30.1%), from €6,365 to €4,449
- Reserves +€11,906
up €11,906 (+29.8%), from €39,923 to €51,830
- Tax, wage and social debts +€4,512
new in 2025: €4,512
- Trade debts +€1,211
up €1,211 (+38.2%), from €3,168 to €4,379
- Gross operating margin -€35,620
down €35,620 (-66.3%), from €53,739 to €18,119
- Taxes -€7,683
down €7,683 (-65.7%), from €11,697 to €4,014
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,241 | €69,502 | +€17,261 | +33.0% |
| Fixed assets | 21/28 | €6,365 | €4,449 | -€1,916 | -30.1% |
| Tangible fixed assets | 22/27 | €6,365 | €4,449 | -€1,916 | -30.1% |
| Furniture and vehicles | 24 | €6,365 | €4,449 | -€1,916 | -30.1% |
| Current assets | 29/58 | €45,876 | €65,053 | +€19,177 | +41.8% |
| Stocks and contracts in progress | 3 | - | €4,000 | +€4,000 | |
| Contracts in progress | 37 | - | €4,000 | +€4,000 | |
| Amounts receivable within one year | 40/41 | €12,854 | €46,269 | +€33,415 | +260% |
| Trade receivables | 40 | €11,221 | €45,665 | +€34,444 | +307% |
| Other amounts receivable | 41 | €1,633 | €604 | -€1,029 | -63.0% |
| Cash at bank and in hand | 54/58 | €33,022 | €14,783 | -€18,238 | -55.2% |
| Total equity and liabilities | 10/49 | €52,241 | €69,502 | +€17,261 | +33.0% |
| Equity | 10/15 | €44,923 | €56,830 | +€11,906 | +26.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €39,923 | €51,830 | +€11,906 | +29.8% |
| Distributable reserves | 133 | €39,923 | €51,830 | +€11,906 | +29.8% |
| Amounts payable | 17/49 | €7,318 | €12,672 | +€5,354 | +73.2% |
| Amounts payable within one year | 42/48 | €5,752 | €11,105 | +€5,353 | +93.1% |
| Trade debts | 44 | €3,168 | €4,379 | +€1,211 | +38.2% |
| Suppliers | 440/4 | €3,168 | €4,379 | +€1,211 | +38.2% |
| Taxes, remuneration and social security | 45 | - | €4,512 | +€4,512 | |
| Taxes | 450/3 | - | €4,512 | +€4,512 | |
| Other amounts payable | 47/48 | €2,585 | €2,214 | -€371 | -14.3% |
| Accrued charges and deferred income | 492/3 | €1,566 | €1,567 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,929 | €1,916 | -€13 | -0.6% |
| Other operating charges | 640/8 | €66 | €211 | +€145 | +221% |
| Gross operating margin | 9900 | €53,739 | €18,119 | -€35,620 | -66.3% |
| Operating profit (loss) | 9901 | €51,744 | €15,992 | -€35,753 | -69.1% |
| Financial income | 75/76B | €11 | €0 | -€11 | -97.3% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -97.3% |
| Financial charges | 65/66B | €136 | €72 | -€64 | -46.9% |
| Recurring financial charges | 65 | €136 | €72 | -€64 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €51,620 | €15,920 | -€35,700 | -69.2% |
| Income taxes | 67/77 | €11,697 | €4,014 | -€7,683 | -65.7% |
| Profit (loss) for the period | 9904 | €39,923 | €11,906 | -€28,017 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,923 | €11,906 | -€28,017 | -70.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.