CASCADE BEHEER: 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.
CASCADE BEHEER
Largest movements
- Tangible fixed assets +€100,829
up €100,829 (+119%), from €84,529 to €185,358
of which Leasing and similar rights: +€107,317
- Deferred charges and accrued income -€19,476
down €19,476 (-82.0%), from €23,761 to €4,284
- Receivables within one year +€13,264
up €13,264 (+54.1%), from €24,495 to €37,759
of which Trade receivables: +€11,289
- Cash +€8,671
up €8,671 (+117%), from €7,404 to €16,075
mainly Debts after one year (+€72,672) and Depreciation (+€36,921)
- Debts after one year +€72,672
up €72,672 (+145%), from €50,260 to €122,932
- Reserves +€38,878
up €38,878 (+2,090%), from €1,860 to €40,738
- Profit (loss) carried forward -€32,953
down €32,953 (-100%), from €32,953 to €0
- Current portion of long-term debt +€27,769
up €27,769 (+151%), from €18,388 to €46,157
- Tax, wage and social debts -€7,155
down €7,155 (-44.0%), from €16,269 to €9,115
- Depreciation +€23,980
up €23,980 (+185%), from €12,941 to €36,921
- Gross operating margin -€10,960
down €10,960 (-15.9%), from €69,054 to €58,094
- Taxes -€5,712
down €5,712 (-53.7%), from €10,639 to €4,927
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 | €140,188 | €243,476 | +€103,288 | +73.7% |
| Fixed assets | 21/28 | €84,529 | €185,358 | +€100,829 | +119% |
| Tangible fixed assets | 22/27 | €84,529 | €185,358 | +€100,829 | +119% |
| Land and buildings | 22 | €1,312 | €1,071 | -€241 | -18.4% |
| Plant, machinery and equipment | 23 | €8,671 | €5,803 | -€2,867 | -33.1% |
| Furniture and vehicles | 24 | €6,119 | €2,739 | -€3,380 | -55.2% |
| Leasing and similar rights | 25 | €68,428 | €175,745 | +€107,317 | +157% |
| Current assets | 29/58 | €55,659 | €58,118 | +€2,459 | +4.4% |
| Amounts receivable within one year | 40/41 | €24,495 | €37,759 | +€13,264 | +54.1% |
| Trade receivables | 40 | €6,322 | €17,611 | +€11,289 | +179% |
| Other amounts receivable | 41 | €18,173 | €20,147 | +€1,975 | +10.9% |
| Cash at bank and in hand | 54/58 | €7,404 | €16,075 | +€8,671 | +117% |
| Deferred charges and accrued income | 490/1 | €23,761 | €4,284 | -€19,476 | -82.0% |
| Total equity and liabilities | 10/49 | €140,188 | €243,476 | +€103,288 | +73.7% |
| Equity | 10/15 | €53,413 | €59,338 | +€5,924 | +11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €40,738 | +€38,878 | +2,090% |
| Distributable reserves | 133 | €1,860 | €40,738 | +€38,878 | +2,090% |
| Profit (loss) carried forward | 14 | €32,953 | €0 | -€32,953 | -100% |
| Amounts payable | 17/49 | €86,775 | €184,138 | +€97,363 | +112% |
| Amounts payable after more than one year | 17 | €50,260 | €122,932 | +€72,672 | +145% |
| Financial debts | 170/4 | €50,260 | €122,932 | +€72,672 | +145% |
| Amounts payable within one year | 42/48 | €36,514 | €61,206 | +€24,691 | +67.6% |
| Current portion of amounts payable after more than one year | 42 | €18,388 | €46,157 | +€27,769 | +151% |
| Trade debts | 44 | €1,857 | €5,934 | +€4,077 | +220% |
| Suppliers | 440/4 | €1,857 | €5,934 | +€4,077 | +220% |
| Taxes, remuneration and social security | 45 | €16,269 | €9,115 | -€7,155 | -44.0% |
| Taxes | 450/3 | €16,269 | €9,115 | -€7,155 | -44.0% |
| Non-recurring operating income | 76A | €0 | €6,617 | +€6,617 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,941 | €36,921 | +€23,980 | +185% |
| Other operating charges | 640/8 | €3,077 | €3,500 | +€423 | +13.7% |
| Non-recurring operating charges | 66A | €15,721 | €0 | -€15,721 | -100% |
| Gross operating margin | 9900 | €69,054 | €58,094 | -€10,960 | -15.9% |
| Operating profit (loss) | 9901 | €37,315 | €17,673 | -€19,641 | -52.6% |
| Financial income | 75/76B | €593 | €674 | +€81 | +13.6% |
| Recurring financial income | 75 | €593 | €674 | +€81 | +13.6% |
| Financial charges | 65/66B | €7,222 | €7,496 | +€274 | +3.8% |
| Recurring financial charges | 65 | €7,222 | €7,496 | +€274 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €30,686 | €10,852 | -€19,835 | -64.6% |
| Income taxes | 67/77 | €10,639 | €4,927 | -€5,712 | -53.7% |
| Profit (loss) for the period | 9904 | €20,048 | €5,924 | -€14,123 | -70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,048 | €5,924 | -€14,123 | -70.4% |
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 15 October 2026 via checked.be.