CASA21: 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.
CASA21
Largest movements
- Tangible fixed assets -€14,868
down €14,868 (-2.6%), from €568,520 to €553,652
- Debts after one year -€33,043
down €33,043 (-8.6%), from €385,298 to €352,255
of which Financial debts: -€35,453
- Profit (loss) carried forward +€13,904
up €13,904, from -€1,662 to €12,242
- Financial charges -€6,329
down €6,329 (-55.2%), from €11,467 to €5,137
- Gross operating margin +€2,098
up €2,098 (+3.7%), from €57,033 to €59,130
- Taxes +€1,627
up €1,627 (+33.3%), from €4,882 to €6,510
- Depreciation +€661
up €661 (+2.9%), from €22,986 to €23,647
- Other operating charges +€604
up €604 (+6.5%), from €9,329 to €9,932
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 | €588,664 | €571,992 | -€16,672 | -2.8% |
| Fixed assets | 21/28 | €568,520 | €553,652 | -€14,868 | -2.6% |
| Tangible fixed assets | 22/27 | €568,520 | €553,652 | -€14,868 | -2.6% |
| Land and buildings | 22 | €568,520 | €553,652 | -€14,868 | -2.6% |
| Current assets | 29/58 | €20,144 | €18,340 | -€1,803 | -9.0% |
| Amounts receivable within one year | 40/41 | €1,546 | €2,410 | +€864 | +55.9% |
| Trade receivables | 40 | €1,546 | €2,410 | +€864 | +55.9% |
| Cash at bank and in hand | 54/58 | €18,598 | €15,930 | -€2,668 | -14.3% |
| Total equity and liabilities | 10/49 | €588,664 | €571,992 | -€16,672 | -2.8% |
| Equity | 10/15 | €16,938 | €30,842 | +€13,904 | +82.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,662 | €12,242 | +€13,904 | |
| Amounts payable | 17/49 | €571,726 | €541,150 | -€30,576 | -5.3% |
| Amounts payable after more than one year | 17 | €385,298 | €352,255 | -€33,043 | -8.6% |
| Financial debts | 170/4 | €374,948 | €339,495 | -€35,453 | -9.5% |
| Other amounts payable | 178/9 | €10,350 | €12,760 | +€2,410 | +23.3% |
| Amounts payable within one year | 42/48 | €186,428 | €188,895 | +€2,467 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €34,956 | €35,453 | +€496 | +1.4% |
| Trade debts | 44 | €14,717 | €13,709 | -€1,008 | -6.8% |
| Suppliers | 440/4 | €14,717 | €13,709 | -€1,008 | -6.8% |
| Taxes, remuneration and social security | 45 | €5,779 | €11,422 | +€5,643 | +97.7% |
| Taxes | 450/3 | €5,779 | €11,422 | +€5,643 | +97.7% |
| Other amounts payable | 47/48 | €130,976 | €128,311 | -€2,665 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,986 | €23,647 | +€661 | +2.9% |
| Other operating charges | 640/8 | €9,329 | €9,932 | +€604 | +6.5% |
| Gross operating margin | 9900 | €57,033 | €59,130 | +€2,098 | +3.7% |
| Operating profit (loss) | 9901 | €24,718 | €25,551 | +€834 | +3.4% |
| Financial charges | 65/66B | €11,467 | €5,137 | -€6,329 | -55.2% |
| Recurring financial charges | 65 | €11,467 | €5,137 | -€6,329 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €13,251 | €20,414 | +€7,163 | +54.1% |
| Income taxes | 67/77 | €4,882 | €6,510 | +€1,627 | +33.3% |
| Profit (loss) for the period | 9904 | €8,369 | €13,904 | +€5,535 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,369 | €13,904 | +€5,535 | +66.1% |
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 14 October 2026 via checked.be.