CASBAR: 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.
CASBAR
Largest movements
- Tangible fixed assets +€37,735
up €37,735 (+585%), from €6,456 to €44,191
of which Furniture and vehicles: +€39,319
- Cash -€29,217
down €29,217 (-27.4%), from €106,727 to €77,510
mainly Investment in fixed assets (net) (-€46,296) and Trade debts (-€12,523)
- Receivables within one year -€10,709
down €10,709 (-15.2%), from €70,586 to €59,876
of which Other amounts receivable: -€6,271
- Reserves +€13,726
up €13,726 (+9.7%), from €141,989 to €155,715
- Trade debts -€12,523
down €12,523 (-53.2%), from €23,531 to €11,009
- Tax, wage and social debts -€5,543
down €5,543 (-61.1%), from €9,078 to €3,535
of which Taxes: -€5,797
- Staff costs -€14,433
down €14,433 (-48.6%), from €29,681 to €15,248
- Gross operating margin -€7,362
down €7,362 (-12.3%), from €59,853 to €52,491
- Depreciation +€6,964
up €6,964 (+436%), from €1,597 to €8,560
- Write-downs +€5,034
up €5,034 (+824%), from €611 to €5,645
- Taxes -€3,107
down €3,107 (-40.0%), from €7,759 to €4,652
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 | €216,113 | €212,919 | -€3,194 | -1.5% |
| Fixed assets | 21/28 | €9,456 | €47,191 | +€37,735 | +399% |
| Tangible fixed assets | 22/27 | €6,456 | €44,191 | +€37,735 | +585% |
| Plant, machinery and equipment | 23 | €6,456 | €4,872 | -€1,584 | -24.5% |
| Furniture and vehicles | 24 | - | €39,319 | +€39,319 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €206,658 | €165,728 | -€40,930 | -19.8% |
| Stocks and contracts in progress | 3 | €29,080 | €28,264 | -€816 | -2.8% |
| Stocks | 30/36 | €29,080 | €28,264 | -€816 | -2.8% |
| Amounts receivable within one year | 40/41 | €70,586 | €59,876 | -€10,709 | -15.2% |
| Trade receivables | 40 | €57,461 | €53,023 | -€4,439 | -7.7% |
| Other amounts receivable | 41 | €13,124 | €6,854 | -€6,271 | -47.8% |
| Cash at bank and in hand | 54/58 | €106,727 | €77,510 | -€29,217 | -27.4% |
| Deferred charges and accrued income | 490/1 | €265 | €77 | -€187 | -70.8% |
| Total equity and liabilities | 10/49 | €216,113 | €212,919 | -€3,194 | -1.5% |
| Equity | 10/15 | €150,189 | €163,915 | +€13,726 | +9.1% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €141,989 | €155,715 | +€13,726 | +9.7% |
| Distributable reserves | 133 | €141,989 | €155,715 | +€13,726 | +9.7% |
| Amounts payable | 17/49 | €65,924 | €49,004 | -€16,920 | -25.7% |
| Amounts payable within one year | 42/48 | €65,924 | €49,004 | -€16,920 | -25.7% |
| Trade debts | 44 | €23,531 | €11,009 | -€12,523 | -53.2% |
| Suppliers | 440/4 | €23,531 | €11,009 | -€12,523 | -53.2% |
| Taxes, remuneration and social security | 45 | €9,078 | €3,535 | -€5,543 | -61.1% |
| Taxes | 450/3 | €7,454 | €1,657 | -€5,797 | -77.8% |
| Remuneration and social security | 454/9 | €1,623 | €1,878 | +€254 | +15.7% |
| Other amounts payable | 47/48 | €33,315 | €34,460 | +€1,145 | +3.4% |
| Non-recurring operating income | 76A | - | €6,750 | +€6,750 | |
| Remuneration, social security and pensions | 62 | €29,681 | €15,248 | -€14,433 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,597 | €8,560 | +€6,964 | +436% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €611 | €5,645 | +€5,034 | +824% |
| Other operating charges | 640/8 | €633 | €631 | -€1 | -0.2% |
| Non-recurring operating charges | 66A | - | €1,688 | +€1,688 | |
| Gross operating margin | 9900 | €59,853 | €52,491 | -€7,362 | -12.3% |
| Operating profit (loss) | 9901 | €27,332 | €20,719 | -€6,613 | -24.2% |
| Financial charges | 65/66B | €3,614 | €2,341 | -€1,273 | -35.2% |
| Recurring financial charges | 65 | €3,614 | €2,341 | -€1,273 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €23,718 | €18,378 | -€5,340 | -22.5% |
| Income taxes | 67/77 | €7,759 | €4,652 | -€3,107 | -40.0% |
| Profit (loss) for the period | 9904 | €15,959 | €13,726 | -€2,233 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,959 | €13,726 | -€2,233 | -14.0% |
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.