Casaver: what changed
Casaver
Largest movements
- Cash -€252,662
down €252,662 (-99.1%), from €254,944 to €2,282
mainly Contributions, distributions and other (-€535,000) and Current investments (-€135,103)
- Receivables within one year -€228,154
down €228,154 (-81.1%), from €281,300 to €53,146
of which Trade receivables: -€225,843
- Current investments +€135,103
new in 2025: €135,103
- Tangible fixed assets +€99,554
up €99,554 (+125%), from €79,356 to €178,911
of which Furniture and vehicles: +€96,845
- Profit (loss) carried forward -€445,578
down €445,578 (-92.5%), from €481,719 to €36,141
- Other debts +€183,216
up €183,216, from €0 to €183,216
- Debts after one year +€54,568
new in 2025: €54,568
- Tax, wage and social debts -€50,346
down €50,346 (-43.7%), from €115,168 to €64,822
of which Taxes: -€50,346
- Current portion of long-term debt +€19,187
new in 2025: €19,187
- Gross operating margin -€99,677
down €99,677 (-36.2%), from €275,092 to €175,416
- Taxes -€27,315
down €27,315 (-40.0%), from €68,204 to €40,888
- Depreciation +€10,816
up €10,816 (+50.5%), from €21,410 to €32,226
- Financial charges +€9,907
up €9,907 (+4,493%), from €220 to €10,128
- Financial income -€3,966
down €3,966 (-100.0%), from €3,967 to €0
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 | €616,378 | €375,223 | -€241,154 | -39.1% |
| Fixed assets | 21/28 | €79,356 | €178,911 | +€99,554 | +125% |
| Tangible fixed assets | 22/27 | €79,356 | €178,911 | +€99,554 | +125% |
| Furniture and vehicles | 24 | €79,356 | €176,201 | +€96,845 | +122% |
| Other tangible fixed assets | 26 | - | €2,710 | +€2,710 | |
| Current assets | 29/58 | €537,021 | €196,313 | -€340,708 | -63.4% |
| Amounts receivable within one year | 40/41 | €281,300 | €53,146 | -€228,154 | -81.1% |
| Trade receivables | 40 | €277,877 | €52,034 | -€225,843 | -81.3% |
| Other amounts receivable | 41 | €3,423 | €1,112 | -€2,311 | -67.5% |
| Current investments | 50/53 | - | €135,103 | +€135,103 | |
| Cash at bank and in hand | 54/58 | €254,944 | €2,282 | -€252,662 | -99.1% |
| Deferred charges and accrued income | 490/1 | €777 | €5,782 | +€5,005 | +644% |
| Total equity and liabilities | 10/49 | €616,378 | €375,223 | -€241,154 | -39.1% |
| Equity | 10/15 | €486,719 | €41,141 | -€445,578 | -91.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €481,719 | €36,141 | -€445,578 | -92.5% |
| Amounts payable | 17/49 | €129,658 | €334,083 | +€204,424 | +158% |
| Amounts payable after more than one year | 17 | - | €54,568 | +€54,568 | |
| Financial debts | 170/4 | - | €54,568 | +€54,568 | |
| Amounts payable within one year | 42/48 | €129,658 | €279,514 | +€149,856 | +116% |
| Current portion of amounts payable after more than one year | 42 | - | €19,187 | +€19,187 | |
| Trade debts | 44 | €14,491 | €12,289 | -€2,201 | -15.2% |
| Suppliers | 440/4 | €14,491 | €12,289 | -€2,201 | -15.2% |
| Taxes, remuneration and social security | 45 | €115,168 | €64,822 | -€50,346 | -43.7% |
| Taxes | 450/3 | €115,168 | €64,822 | -€50,346 | -43.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €183,216 | +€183,216 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,410 | €32,226 | +€10,816 | +50.5% |
| Other operating charges | 640/8 | €4,881 | €2,752 | -€2,129 | -43.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €275,092 | €175,416 | -€99,677 | -36.2% |
| Operating profit (loss) | 9901 | €248,801 | €140,437 | -€108,364 | -43.6% |
| Financial income | 75/76B | €3,967 | €0 | -€3,966 | -100.0% |
| Recurring financial income | 75 | €3,967 | €0 | -€3,966 | -100.0% |
| Financial charges | 65/66B | €220 | €10,128 | +€9,907 | +4,493% |
| Recurring financial charges | 65 | €220 | €10,128 | +€9,907 | +4,493% |
| Profit (loss) for the period before taxes | 9903 | €252,547 | €130,310 | -€122,237 | -48.4% |
| Income taxes | 67/77 | €68,204 | €40,888 | -€27,315 | -40.0% |
| Profit (loss) for the period | 9904 | €184,344 | €89,422 | -€94,922 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €184,344 | €89,422 | -€94,922 | -51.5% |
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.