CASCAD: 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.
CASCAD
Largest movements
- Tangible fixed assets -€17,095
down €17,095 (-3.7%), from €464,812 to €447,717
of which Land and buildings: -€13,974
- Cash +€12,320
up €12,320 (+6312.9%), from €195 to €12,515
mainly Net result for the year (+€94,789) and Depreciation (+€19,489)
- Receivables within one year +€6,950
up €6,950, from €0 to €6,950
of which Other amounts receivable: +€6,950
- Profit (loss) carried forward +€94,789
up €94,789 (+19.4%), from -€488,329 to -€393,540
- Debts after one year -€56,425
down €56,425 (-7.7%), from €734,871 to €678,446
of which Other amounts payable: -€40,043
- Other debts -€39,054
down €39,054 (-96.3%), from €40,554 to €1,500
- Tax, wage and social debts +€11,407
up €11,407 (+2052.1%), from €556 to €11,963
- Current portion of long-term debt -€7,337
down €7,337 (-64.3%), from €11,406 to €4,069
- Turnover +€95,556
up €95,556 (+366.5%), from €26,072 to €121,628
- Gross operating margin +€89,016
up €89,016 (+296.6%), from €30,016 to €119,032
- Purchases and services +€17,110
up €17,110 (+107.2%), from €15,966 to €33,076
- Financial charges -€7,969
down €7,969 (-75.9%), from €10,497 to €2,528
- Depreciation +€5,568
up €5,568 (+40.0%), from €13,921 to €19,489
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 | €465,007 | €467,181 | +€2,174 | +0.5% |
| Fixed assets | 21/28 | €464,812 | €447,717 | -€17,095 | -3.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €464,812 | €447,717 | -€17,095 | -3.7% |
| Land and buildings | 22 | €426,985 | €413,011 | -€13,974 | -3.3% |
| Furniture and vehicles | 24 | €218 | €1,596 | +€1,379 | +633.6% |
| Other tangible fixed assets | 26 | €37,610 | €33,110 | -€4,500 | -12.0% |
| Current assets | 29/58 | €195 | €19,464 | +€19,269 | +9874.1% |
| Amounts receivable within one year | 40/41 | €0 | €6,950 | +€6,950 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €6,950 | +€6,950 | |
| Cash at bank and in hand | 54/58 | €195 | €12,515 | +€12,320 | +6312.9% |
| Total equity and liabilities | 10/49 | €465,007 | €467,181 | +€2,174 | +0.5% |
| Equity | 10/15 | -€328,329 | -€233,540 | +€94,789 | +28.9% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Outside capital | 11 | €160,000 | €160,000 | = | 0.0% |
| Other | 1109/19 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€488,329 | -€393,540 | +€94,789 | +19.4% |
| Amounts payable | 17/49 | €793,336 | €700,721 | -€92,615 | -11.7% |
| Amounts payable after more than one year | 17 | €734,871 | €678,446 | -€56,425 | -7.7% |
| Financial debts | 170/4 | €239,875 | €223,493 | -€16,382 | -6.8% |
| Other amounts payable | 178/9 | €494,996 | €454,953 | -€40,043 | -8.1% |
| Amounts payable within one year | 42/48 | €58,466 | €22,275 | -€36,191 | -61.9% |
| Current portion of amounts payable after more than one year | 42 | €11,406 | €4,069 | -€7,337 | -64.3% |
| Financial debts | 43 | €4,321 | €4,532 | +€211 | +4.9% |
| Credit institutions | 430/8 | €4,321 | €4,532 | +€211 | +4.9% |
| Trade debts | 44 | €1,629 | €211 | -€1,418 | -87.1% |
| Suppliers | 440/4 | €1,629 | €211 | -€1,418 | -87.1% |
| Taxes, remuneration and social security | 45 | €556 | €11,963 | +€11,407 | +2052.1% |
| Taxes | 450/3 | €556 | €11,963 | +€11,407 | +2052.1% |
| Other amounts payable | 47/48 | €40,554 | €1,500 | -€39,054 | -96.3% |
| Turnover | 70 | €26,072 | €121,628 | +€95,556 | +366.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €15,966 | €33,076 | +€17,110 | +107.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,921 | €19,489 | +€5,568 | +40.0% |
| Other operating charges | 640/8 | €777 | €2,226 | +€1,448 | +186.3% |
| Gross operating margin | 9900 | €30,016 | €119,032 | +€89,016 | +296.6% |
| Operating profit (loss) | 9901 | €15,318 | €97,317 | +€81,999 | +535.3% |
| Financial charges | 65/66B | €10,497 | €2,528 | -€7,969 | -75.9% |
| Recurring financial charges | 65 | €10,497 | €2,528 | -€7,969 | -75.9% |
| Profit (loss) for the period before taxes | 9903 | €4,821 | €94,789 | +€89,968 | +1866.2% |
| Profit (loss) for the period | 9904 | €4,821 | €94,789 | +€89,968 | +1866.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,821 | €94,789 | +€89,968 | +1866.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.