Casaga: 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.
Casaga
Largest movements
- Cash -€37,177
down €37,177 (-91.7%), from €40,556 to €3,379
mainly Current investments (-€17,273) and Tax, wage and social debts (-€12,452)
- Current investments +€17,273
new in 2025: €17,273
- Tangible fixed assets +€10,625
up €10,625 (+384%), from €2,769 to €13,393
of which Furniture and vehicles: +€10,625
- Receivables within one year +€8,779
up €8,779 (+36.7%), from €23,916 to €32,695
of which Other amounts receivable: +€26,229
- Deferred charges and accrued income +€2,802
up €2,802 (+353%), from €793 to €3,595
- Tax, wage and social debts -€12,452
down €12,452 (-83.0%), from €15,011 to €2,559
- Reserves +€5,989
up €5,989 (+12.5%), from €48,016 to €54,005
- Debts after one year +€5,285
new in 2025: €5,285
- Current portion of long-term debt +€2,744
new in 2025: €2,744
- Gross operating margin -€52,086
down €52,086 (-82.9%), from €62,813 to €10,727
- Taxes -€11,336
down €11,336 (-84.8%), from €13,363 to €2,027
- Financial charges +€3,622
up €3,622 (+316%), from €1,145 to €4,766
- Financial income +€3,588
up €3,588 (+3,792%), from €95 to €3,683
- Depreciation +€1,035
new in 2025: €1,035
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 | €68,033 | €70,335 | +€2,302 | +3.4% |
| Fixed assets | 21/28 | €2,769 | €13,393 | +€10,625 | +384% |
| Tangible fixed assets | 22/27 | €2,769 | €13,393 | +€10,625 | +384% |
| Furniture and vehicles | 24 | - | €10,625 | +€10,625 | |
| Other tangible fixed assets | 26 | €2,769 | €2,769 | = | 0.0% |
| Current assets | 29/58 | €65,265 | €56,942 | -€8,323 | -12.8% |
| Amounts receivable within one year | 40/41 | €23,916 | €32,695 | +€8,779 | +36.7% |
| Trade receivables | 40 | €19,784 | €2,334 | -€17,450 | -88.2% |
| Other amounts receivable | 41 | €4,132 | €30,361 | +€26,229 | +635% |
| Current investments | 50/53 | - | €17,273 | +€17,273 | |
| Cash at bank and in hand | 54/58 | €40,556 | €3,379 | -€37,177 | -91.7% |
| Deferred charges and accrued income | 490/1 | €793 | €3,595 | +€2,802 | +353% |
| Total equity and liabilities | 10/49 | €68,033 | €70,335 | +€2,302 | +3.4% |
| Equity | 10/15 | €50,516 | €56,505 | +€5,989 | +11.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €48,016 | €54,005 | +€5,989 | +12.5% |
| Distributable reserves | 133 | €48,016 | €54,005 | +€5,989 | +12.5% |
| Amounts payable | 17/49 | €17,517 | €13,831 | -€3,687 | -21.0% |
| Amounts payable after more than one year | 17 | - | €5,285 | +€5,285 | |
| Financial debts | 170/4 | - | €5,285 | +€5,285 | |
| Amounts payable within one year | 42/48 | €17,517 | €8,525 | -€8,993 | -51.3% |
| Current portion of amounts payable after more than one year | 42 | - | €2,744 | +€2,744 | |
| Trade debts | 44 | €2,507 | €2,616 | +€110 | +4.4% |
| Suppliers | 440/4 | €2,507 | €2,616 | +€110 | +4.4% |
| Advances received on contracts in progress | 46 | - | €605 | +€605 | |
| Taxes, remuneration and social security | 45 | €15,011 | €2,559 | -€12,452 | -83.0% |
| Taxes | 450/3 | €15,011 | €2,559 | -€12,452 | -83.0% |
| Accrued charges and deferred income | 492/3 | - | €21 | +€21 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,035 | +€1,035 | |
| Other operating charges | 640/8 | €384 | €593 | +€209 | +54.2% |
| Gross operating margin | 9900 | €62,813 | €10,727 | -€52,086 | -82.9% |
| Operating profit (loss) | 9901 | €62,429 | €9,099 | -€53,330 | -85.4% |
| Financial income | 75/76B | €95 | €3,683 | +€3,588 | +3,792% |
| Recurring financial income | 75 | €95 | €3,683 | +€3,588 | +3,792% |
| Financial charges | 65/66B | €1,145 | €4,766 | +€3,622 | +316% |
| Recurring financial charges | 65 | €1,145 | €4,766 | +€3,622 | +316% |
| Profit (loss) for the period before taxes | 9903 | €61,379 | €8,016 | -€53,363 | -86.9% |
| Income taxes | 67/77 | €13,363 | €2,027 | -€11,336 | -84.8% |
| Profit (loss) for the period | 9904 | €48,016 | €5,989 | -€42,027 | -87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,016 | €5,989 | -€42,027 | -87.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.