CASCO: 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.
CASCO
Largest movements
- Receivables within one year +€42,755
up €42,755 (+277.3%), from €15,416 to €58,172
of which Trade receivables: +€40,243
- Cash -€14,206
down €14,206 (-59.9%), from €23,709 to €9,503
mainly Receivables within one year (-€42,755) and Other debts (-€5,971)
- Tangible fixed assets -€8,672
down €8,672 (-17.4%), from €49,841 to €41,169
of which Furniture and vehicles: -€8,200
- Trade debts +€22,981
up €22,981 (+5319.9%), from €432 to €23,413
- Reserves +€13,722
up €13,722 (+260.9%), from €5,260 to €18,982
of which Distributable reserves: +€13,722
- Other debts -€5,971
down €5,971 (-20.7%), from €28,778 to €22,807
- Debts after one year -€5,788
down €5,788 (-37.9%), from €15,265 to €9,477
- Tax, wage and social debts -€3,940
down €3,940 (-32.0%), from €12,316 to €8,376
of which Remuneration and social security: -€3,014
- Gross operating margin +€50,282
up €50,282 (+60.6%), from €82,911 to €133,192
- Staff costs +€6,762
up €6,762 (+6.6%), from €102,657 to €109,419
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 | €88,966 | €108,843 | +€19,877 | +22.3% |
| Fixed assets | 21/28 | €49,841 | €41,169 | -€8,672 | -17.4% |
| Tangible fixed assets | 22/27 | €49,841 | €41,169 | -€8,672 | -17.4% |
| Plant, machinery and equipment | 23 | €15,383 | €14,911 | -€472 | -3.1% |
| Furniture and vehicles | 24 | €34,458 | €26,258 | -€8,200 | -23.8% |
| Current assets | 29/58 | €39,125 | €67,675 | +€28,549 | +73.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €15,416 | €58,172 | +€42,755 | +277.3% |
| Trade receivables | 40 | €9,757 | €50,000 | +€40,243 | +412.4% |
| Other amounts receivable | 41 | €5,659 | €8,172 | +€2,513 | +44.4% |
| Cash at bank and in hand | 54/58 | €23,709 | €9,503 | -€14,206 | -59.9% |
| Total equity and liabilities | 10/49 | €88,966 | €108,843 | +€19,877 | +22.3% |
| Equity | 10/15 | €25,260 | €38,982 | +€13,722 | +54.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,260 | €18,982 | +€13,722 | +260.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €5,260 | €18,982 | +€13,722 | +260.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €63,706 | €69,861 | +€6,155 | +9.7% |
| Amounts payable after more than one year | 17 | €15,265 | €9,477 | -€5,788 | -37.9% |
| Financial debts | 170/4 | €15,265 | €9,477 | -€5,788 | -37.9% |
| Amounts payable within one year | 42/48 | €48,441 | €60,385 | +€11,943 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €6,915 | €5,788 | -€1,127 | -16.3% |
| Trade debts | 44 | €432 | €23,413 | +€22,981 | +5319.9% |
| Suppliers | 440/4 | €432 | €23,413 | +€22,981 | +5319.9% |
| Taxes, remuneration and social security | 45 | €12,316 | €8,376 | -€3,940 | -32.0% |
| Taxes | 450/3 | €1,390 | €465 | -€926 | -66.6% |
| Remuneration and social security | 454/9 | €10,926 | €7,911 | -€3,014 | -27.6% |
| Other amounts payable | 47/48 | €28,778 | €22,807 | -€5,971 | -20.7% |
| Non-recurring operating income | 76A | €19,413 | €0 | -€19,413 | -100.0% |
| Remuneration, social security and pensions | 62 | €102,657 | €109,419 | +€6,762 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,780 | €10,667 | +€887 | +9.1% |
| Other operating charges | 640/8 | €115 | €179 | +€64 | +55.3% |
| Gross operating margin | 9900 | €82,911 | €133,192 | +€50,282 | +60.6% |
| Operating profit (loss) | 9901 | -€29,641 | €12,928 | +€42,569 | |
| Financial income | 75/76B | €4,485 | €3,561 | -€924 | -20.6% |
| Recurring financial income | 75 | €4,485 | €3,561 | -€924 | -20.6% |
| Financial charges | 65/66B | €929 | €841 | -€88 | -9.4% |
| Recurring financial charges | 65 | €929 | €841 | -€88 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,086 | €15,647 | +€41,733 | |
| Income taxes | 67/77 | €182 | €207 | +€25 | +13.6% |
| Profit (loss) for the period | 9904 | -€26,268 | €15,440 | +€41,708 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,268 | €15,440 | +€41,708 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.