CASDAN: 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.
CASDAN
Largest movements
- Receivables within one year -€21,575
down €21,575 (-40.6%), from €53,079 to €31,504
- Tangible fixed assets -€12,055
down €12,055 (-8.5%), from €141,176 to €129,120
- Current investments +€5,000
new in 2025: €5,000
- Other debts -€24,576
down €24,576 (-23.3%), from €105,524 to €80,948
- Reserves -€5,257
down €5,257 (-6.4%), from €81,958 to €76,701
- Gross operating margin +€3,129
up €3,129 (+58.4%), from €5,359 to €8,488
- Depreciation +€228
up €228 (+1.9%), from €11,827 to €12,055
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 | €194,482 | €165,768 | -€28,714 | -14.8% |
| Fixed assets | 21/28 | €141,176 | €129,120 | -€12,055 | -8.5% |
| Tangible fixed assets | 22/27 | €141,176 | €129,120 | -€12,055 | -8.5% |
| Land and buildings | 22 | €141,176 | €129,120 | -€12,055 | -8.5% |
| Current assets | 29/58 | €53,306 | €36,648 | -€16,658 | -31.3% |
| Amounts receivable within one year | 40/41 | €53,079 | €31,504 | -€21,575 | -40.6% |
| Other amounts receivable | 41 | €53,079 | €31,504 | -€21,575 | -40.6% |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €92 | €11 | -€81 | -87.6% |
| Deferred charges and accrued income | 490/1 | €135 | €132 | -€3 | -2.3% |
| Total equity and liabilities | 10/49 | €194,482 | €165,768 | -€28,714 | -14.8% |
| Equity | 10/15 | €88,958 | €83,701 | -€5,257 | -5.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €81,958 | €76,701 | -€5,257 | -6.4% |
| Distributable reserves | 133 | €81,958 | €76,701 | -€5,257 | -6.4% |
| Amounts payable | 17/49 | €105,524 | €82,067 | -€23,457 | -22.2% |
| Amounts payable within one year | 42/48 | €105,524 | €82,067 | -€23,457 | -22.2% |
| Trade debts | 44 | - | €1,119 | +€1,119 | |
| Suppliers | 440/4 | - | €1,119 | +€1,119 | |
| Other amounts payable | 47/48 | €105,524 | €80,948 | -€24,576 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,827 | €12,055 | +€228 | +1.9% |
| Other operating charges | 640/8 | €1,521 | €1,555 | +€34 | +2.2% |
| Gross operating margin | 9900 | €5,359 | €8,488 | +€3,129 | +58.4% |
| Operating profit (loss) | 9901 | -€7,990 | -€5,123 | +€2,866 | +35.9% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €161 | €138 | -€22 | -14.0% |
| Recurring financial charges | 65 | €161 | €138 | -€22 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,150 | -€5,257 | +€2,894 | +35.5% |
| Profit (loss) for the period | 9904 | -€8,150 | -€5,257 | +€2,894 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,150 | -€5,257 | +€2,894 | +35.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.