CASANOS: 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.
CASANOS
Largest movements
- Tangible fixed assets -€46,827
down €46,827 (-9.9%), from €473,748 to €426,922
- Deferred charges and accrued income +€31,504
up €31,504 (+147%), from €21,392 to €52,896
- Cash -€13,380
down €13,380 (-21.3%), from €62,782 to €49,402
mainly Debts after one year (-€60,000) and Deferred charges and accrued income (-€31,504)
- Debts after one year -€60,000
down €60,000 (-15.0%), from €400,000 to €340,000
of which Financial debts: -€60,000
- Reserves +€43,903
up €43,903 (+70.4%), from €62,323 to €106,227
- Trade debts -€10,431
no longer reported in 2025 (was €10,431)
- Gross operating margin +€9,597
up €9,597 (+8.2%), from €116,999 to €126,596
- Taxes +€2,319
up €2,319 (+12.8%), from €18,145 to €20,464
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 | €563,366 | €534,664 | -€28,702 | -5.1% |
| Fixed assets | 21/28 | €473,748 | €426,922 | -€46,827 | -9.9% |
| Tangible fixed assets | 22/27 | €473,748 | €426,922 | -€46,827 | -9.9% |
| Land and buildings | 22 | €473,748 | €426,922 | -€46,827 | -9.9% |
| Current assets | 29/58 | €89,618 | €107,743 | +€18,125 | +20.2% |
| Amounts receivable within one year | 40/41 | €5,445 | €5,445 | = | 0.0% |
| Trade receivables | 40 | €5,445 | €5,445 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €62,782 | €49,402 | -€13,380 | -21.3% |
| Deferred charges and accrued income | 490/1 | €21,392 | €52,896 | +€31,504 | +147% |
| Total equity and liabilities | 10/49 | €563,366 | €534,664 | -€28,702 | -5.1% |
| Equity | 10/15 | €74,323 | €118,227 | +€43,903 | +59.1% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €62,323 | €106,227 | +€43,903 | +70.4% |
| Distributable reserves | 133 | €62,323 | €106,227 | +€43,903 | +70.4% |
| Amounts payable | 17/49 | €489,043 | €416,438 | -€72,605 | -14.8% |
| Amounts payable after more than one year | 17 | €400,000 | €340,000 | -€60,000 | -15.0% |
| Financial debts | 170/4 | €250,000 | €190,000 | -€60,000 | -24.0% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €89,043 | €76,196 | -€12,847 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €65,000 | +€5,000 | +8.3% |
| Trade debts | 44 | €10,431 | - | -€10,431 | |
| Suppliers | 440/4 | €10,431 | - | -€10,431 | |
| Taxes, remuneration and social security | 45 | €10,613 | €5,196 | -€5,416 | -51.0% |
| Taxes | 450/3 | €10,613 | €5,196 | -€5,416 | -51.0% |
| Other amounts payable | 47/48 | €8,000 | €6,000 | -€2,000 | -25.0% |
| Accrued charges and deferred income | 492/3 | - | €242 | +€242 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,827 | €46,827 | = | 0.0% |
| Other operating charges | 640/8 | €12,283 | €12,664 | +€382 | +3.1% |
| Gross operating margin | 9900 | €116,999 | €126,596 | +€9,597 | +8.2% |
| Operating profit (loss) | 9901 | €57,889 | €67,105 | +€9,215 | +15.9% |
| Financial income | 75/76B | €421 | €514 | +€93 | +22.2% |
| Recurring financial income | 75 | €421 | €514 | +€93 | +22.2% |
| Financial charges | 65/66B | €3,915 | €3,251 | -€664 | -17.0% |
| Recurring financial charges | 65 | €3,915 | €3,251 | -€664 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €54,395 | €64,368 | +€9,973 | +18.3% |
| Income taxes | 67/77 | €18,145 | €20,464 | +€2,319 | +12.8% |
| Profit (loss) for the period | 9904 | €36,250 | €43,903 | +€7,654 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,250 | €43,903 | +€7,654 | +21.1% |
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 31 October 2026 via checked.be.