CASAKOR: what changed
Two fiscal 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.
CASAKOR
Largest movements
- Tangible fixed assets +€1.5m
up €1.5m (+16.7%), from €9.1m to €10.6m
of which Land and buildings: +€1.5m
- Financial fixed assets -€860,604
down €860,604 (-54.4%), from €1.6m to €722,192
- Current investments -€770,000
down €770,000 (-100.0%), from €770,000 to €0
- Cash +€284,925
up €284,925 (+61.8%), from €460,712 to €745,637
mainly Depreciation (+€922,915) and Current investments (+€770,000)
- Receivables after one year -€179,704
down €179,704 (-19.3%), from €928,795 to €749,091
- Debts after one year +€652,945
up €652,945 (+14.2%), from €4.6m to €5.2m
- Revaluation surpluses -€619,196
down €619,196 (-100.0%), from €619,196 to €0
- Profit (loss) carried forward +€442,626
up €442,626 (+8.2%), from -€5.4m to -€4.9m
- Reserves -€439,875
down €439,875 (-4.5%), from €9.8m to €9.3m
of which Tax-exempt reserves: -€439,875
- Provisions -€190,050
down €190,050 (-7.9%), from €2.4m to €2.2m
- Financial income +€728,354
up €728,354 (+1574.4%), from €46,263 to €774,617
of which Financial income: +€708,337
- Gross operating margin +€131,528
up €131,528 (+57.2%), from €229,756 to €361,284
- Depreciation +€57,200
up €57,200 (+6.6%), from €865,715 to €922,915
- Financial charges +€24,047
up €24,047 (+18.1%), from €133,184 to €157,230
- Taxes +€17,461
up €17,461 (+66.2%), from €26,360 to €43,821
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.
Cash bridge derived
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 | €14,980,650 | €14,889,131 | -€91,520 | -0.6% |
| Fixed assets | 21/28 | €11,512,839 | €12,036,215 | +€523,375 | +4.5% |
| Intangible fixed assets | 21 | €871,233 | €738,733 | -€132,500 | -15.2% |
| Tangible fixed assets | 22/27 | €9,058,811 | €10,575,290 | +€1.5m | +16.7% |
| Land and buildings | 22 | €8,922,240 | €10,410,120 | +€1.5m | +16.7% |
| Plant, machinery and equipment | 23 | €38,200 | €40,081 | +€1,881 | +4.9% |
| Furniture and vehicles | 24 | €65,745 | €99,557 | +€33,812 | +51.4% |
| Leasing and similar rights | 25 | €32,625 | €25,533 | -€7,092 | -21.7% |
| Financial fixed assets | 28 | €1,582,796 | €722,192 | -€860,604 | -54.4% |
| Current assets | 29/58 | €3,467,811 | €2,852,916 | -€614,895 | -17.7% |
| Amounts receivable after more than one year | 29 | €928,795 | €749,091 | -€179,704 | -19.3% |
| Other amounts receivable | 291 | €928,795 | €749,091 | -€179,704 | -19.3% |
| Stocks and contracts in progress | 3 | €273,632 | €158,660 | -€114,973 | -42.0% |
| Stocks | 30/36 | €273,632 | €158,660 | -€114,973 | -42.0% |
| Amounts receivable within one year | 40/41 | €659,422 | €821,239 | +€161,816 | +24.5% |
| Trade receivables | 40 | €86,540 | €166,889 | +€80,350 | +92.8% |
| Other amounts receivable | 41 | €572,883 | €654,349 | +€81,467 | +14.2% |
| Current investments | 50/53 | €770,000 | €0 | -€770,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €460,712 | €745,637 | +€284,925 | +61.8% |
| Deferred charges and accrued income | 490/1 | €375,249 | €378,289 | +€3,040 | +0.8% |
| Total equity and liabilities | 10/49 | €14,980,650 | €14,889,131 | -€91,520 | -0.6% |
| Equity | 10/15 | €7,320,462 | €6,704,016 | -€616,445 | -8.4% |
| Contributions | 10/11 | €2,300,000 | €2,300,000 | = | 0.0% |
| Revaluation surpluses | 12 | €619,196 | €0 | -€619,196 | -100.0% |
| Reserves | 13 | €9,779,252 | €9,339,377 | -€439,875 | -4.5% |
| Tax-exempt reserves | 132 | €6,974,278 | €6,534,403 | -€439,875 | -6.3% |
| Distributable reserves | 133 | €2,804,974 | €2,804,974 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,377,986 | -€4,935,360 | +€442,626 | +8.2% |
| Provisions and deferred taxes | 16 | €2,400,675 | €2,210,625 | -€190,050 | -7.9% |
| Deferred taxes | 168 | €2,400,675 | €2,210,625 | -€190,050 | -7.9% |
| Amounts payable | 17/49 | €5,259,514 | €5,974,489 | +€714,975 | +13.6% |
| Amounts payable after more than one year | 17 | €4,584,130 | €5,237,075 | +€652,945 | +14.2% |
| Financial debts | 170/4 | €4,584,130 | €5,237,075 | +€652,945 | +14.2% |
| Amounts payable within one year | 42/48 | €672,031 | €735,295 | +€63,264 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €457,998 | €517,921 | +€59,923 | +13.1% |
| Financial debts | 43 | - | €140,000 | +€140,000 | |
| Credit institutions | 430/8 | - | €140,000 | +€140,000 | |
| Trade debts | 44 | €141,323 | €42,185 | -€99,138 | -70.2% |
| Suppliers | 440/4 | €141,323 | €42,185 | -€99,138 | -70.2% |
| Taxes, remuneration and social security | 45 | €66,043 | €35,077 | -€30,966 | -46.9% |
| Taxes | 450/3 | €45,675 | €9,737 | -€35,938 | -78.7% |
| Remuneration and social security | 454/9 | €20,368 | €25,340 | +€4,972 | +24.4% |
| Other amounts payable | 47/48 | €6,667 | €112 | -€6,555 | -98.3% |
| Accrued charges and deferred income | 492/3 | €3,353 | €2,119 | -€1,234 | -36.8% |
| Remuneration, social security and pensions | 62 | €143,808 | €151,039 | +€7,231 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €865,715 | €922,915 | +€57,200 | +6.6% |
| Other operating charges | 640/8 | €44,998 | €48,194 | +€3,196 | +7.1% |
| Gross operating margin | 9900 | €229,756 | €361,284 | +€131,528 | +57.2% |
| Operating profit (loss) | 9901 | -€824,766 | -€760,864 | +€63,901 | +7.7% |
| Financial income | 75/76B | €46,263 | €774,617 | +€728,354 | +1574.4% |
| Recurring financial income | 75 | €46,263 | €754,600 | +€708,337 | +1531.1% |
| Non-recurring financial income | 76B | - | €20,017 | +€20,017 | |
| Financial charges | 65/66B | €133,184 | €157,230 | +€24,047 | +18.1% |
| Recurring financial charges | 65 | €133,184 | €157,230 | +€24,047 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | -€911,686 | -€143,478 | +€768,208 | +84.3% |
| Transfer from deferred taxes | 780 | €184,250 | €190,050 | +€5,800 | +3.1% |
| Income taxes | 67/77 | €26,360 | €43,821 | +€17,461 | +66.2% |
| Profit (loss) for the period | 9904 | -€753,796 | €2,751 | +€756,547 | |
| Transfer from tax-exempt reserves | 789 | €408,130 | €439,875 | +€31,744 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€345,666 | €442,626 | +€788,292 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.