CASA 27: what changed
CASA 27
Largest movements
- Deferred charges and accrued income -€21,279
down €21,279 (-46.6%), from €45,639 to €24,361
- Receivables within one year -€15,708
down €15,708 (-28.2%), from €55,753 to €40,045
of which Trade receivables: -€15,039
- Cash +€8,658
up €8,658 (+38.5%), from €22,494 to €31,152
mainly Deferred charges and accrued income (+€21,279) and Receivables within one year (+€15,708)
- Tangible fixed assets -€1,321
down €1,321 (-27.8%), from €4,756 to €3,435
of which Land and buildings: -€921
- Advances received -€17,385
down €17,385 (-100%), from €17,385 to €0
- Trade debts -€15,502
down €15,502 (-50.2%), from €30,865 to €15,363
- Other debts -€5,843
down €5,843 (-18.9%), from €30,947 to €25,104
- Reserves +€5,000
up €5,000 (+12.3%), from €40,661 to €45,661
- Tax, wage and social debts +€4,080
up €4,080 (+38.1%), from €10,710 to €14,790
of which Taxes: +€4,080
- Gross operating margin +€2,301
up €2,301 (+18.8%), from €12,237 to €14,538
- Other operating charges -€1,737
down €1,737 (-42.3%), from €4,106 to €2,369
- Taxes +€1,557
up €1,557 (+85.4%), from €1,823 to €3,380
- Depreciation -€474
down €474 (-26.4%), from €1,796 to €1,321
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 | €130,668 | €101,018 | -€29,650 | -22.7% |
| Fixed assets | 21/28 | €6,781 | €5,460 | -€1,321 | -19.5% |
| Tangible fixed assets | 22/27 | €4,756 | €3,435 | -€1,321 | -27.8% |
| Land and buildings | 22 | €3,935 | €3,014 | -€921 | -23.4% |
| Furniture and vehicles | 24 | €821 | €421 | -€400 | -48.7% |
| Financial fixed assets | 28 | €2,025 | €2,025 | = | 0.0% |
| Current assets | 29/58 | €123,887 | €95,558 | -€28,329 | -22.9% |
| Amounts receivable within one year | 40/41 | €55,753 | €40,045 | -€15,708 | -28.2% |
| Trade receivables | 40 | €55,084 | €40,045 | -€15,039 | -27.3% |
| Other amounts receivable | 41 | €669 | €0 | -€669 | -100% |
| Cash at bank and in hand | 54/58 | €22,494 | €31,152 | +€8,658 | +38.5% |
| Deferred charges and accrued income | 490/1 | €45,639 | €24,361 | -€21,279 | -46.6% |
| Total equity and liabilities | 10/49 | €130,668 | €101,018 | -€29,650 | -22.7% |
| Equity | 10/15 | €40,761 | €45,761 | +€5,000 | +12.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €40,661 | €45,661 | +€5,000 | +12.3% |
| Distributable reserves | 133 | €40,661 | €45,661 | +€5,000 | +12.3% |
| Amounts payable | 17/49 | €89,907 | €55,257 | -€34,650 | -38.5% |
| Amounts payable within one year | 42/48 | €89,907 | €55,257 | -€34,650 | -38.5% |
| Trade debts | 44 | €30,865 | €15,363 | -€15,502 | -50.2% |
| Suppliers | 440/4 | €30,865 | €15,363 | -€15,502 | -50.2% |
| Advances received on contracts in progress | 46 | €17,385 | €0 | -€17,385 | -100% |
| Taxes, remuneration and social security | 45 | €10,710 | €14,790 | +€4,080 | +38.1% |
| Taxes | 450/3 | €10,710 | €14,790 | +€4,080 | +38.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €30,947 | €25,104 | -€5,843 | -18.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,796 | €1,321 | -€474 | -26.4% |
| Other operating charges | 640/8 | €4,106 | €2,369 | -€1,737 | -42.3% |
| Gross operating margin | 9900 | €12,237 | €14,538 | +€2,301 | +18.8% |
| Operating profit (loss) | 9901 | €6,335 | €10,848 | +€4,513 | +71.2% |
| Financial charges | 65/66B | €2,586 | €2,468 | -€118 | -4.6% |
| Recurring financial charges | 65 | €2,586 | €2,468 | -€118 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €3,749 | €8,380 | +€4,631 | +124% |
| Income taxes | 67/77 | €1,823 | €3,380 | +€1,557 | +85.4% |
| Profit (loss) for the period | 9904 | €1,926 | €5,000 | +€3,074 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €1,926 | €5,000 | +€3,074 | +160% |
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.