CASEA: 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.
CASEA
Largest movements
- Cash +€25,163
up €25,163 (+42.5%), from €59,176 to €84,339
mainly Net result for the year (+€21,302) and Depreciation (+€17,419)
- Tangible fixed assets -€16,395
down €16,395 (-27.1%), from €60,391 to €43,996
- Stocks and contracts +€4,705
up €4,705 (+35.5%), from €13,237 to €17,942
- Deferred charges and accrued income -€3,175
down €3,175 (-88.5%), from €3,588 to €413
- Reserves +€21,302
up €21,302 (+170.0%), from €12,529 to €33,831
- Trade debts -€4,949
down €4,949 (-54.1%), from €9,154 to €4,205
- Debts after one year -€4,450
down €4,450 (-7.2%), from €62,107 to €57,657
of which Financial debts: -€4,450
- Tax, wage and social debts -€2,784
down €2,784 (-68.5%), from €4,065 to €1,281
- Gross operating margin +€16,541
up €16,541 (+42.6%), from €38,848 to €55,389
- Taxes +€4,578
up €4,578 (+72.4%), from €6,322 to €10,900
- Depreciation +€1,599
up €1,599 (+10.1%), from €15,820 to €17,419
- Financial charges +€1,484
up €1,484 (+52.6%), from €2,819 to €4,302
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 | €140,262 | €149,738 | +€9,476 | +6.8% |
| Fixed assets | 21/28 | €62,891 | €46,496 | -€16,395 | -26.1% |
| Tangible fixed assets | 22/27 | €60,391 | €43,996 | -€16,395 | -27.1% |
| Plant, machinery and equipment | 23 | €1,190 | €824 | -€366 | -30.8% |
| Furniture and vehicles | 24 | €13,545 | €6,634 | -€6,911 | -51.0% |
| Leasing and similar rights | 25 | €28,228 | €22,071 | -€6,157 | -21.8% |
| Other tangible fixed assets | 26 | €17,428 | €14,467 | -€2,961 | -17.0% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €77,371 | €103,242 | +€25,871 | +33.4% |
| Stocks and contracts in progress | 3 | €13,237 | €17,942 | +€4,705 | +35.5% |
| Stocks | 30/36 | €13,237 | €17,942 | +€4,705 | +35.5% |
| Amounts receivable within one year | 40/41 | €1,370 | €548 | -€822 | -60.0% |
| Trade receivables | 40 | €1,370 | €533 | -€837 | -61.1% |
| Other amounts receivable | 41 | - | €15 | +€15 | |
| Cash at bank and in hand | 54/58 | €59,176 | €84,339 | +€25,163 | +42.5% |
| Deferred charges and accrued income | 490/1 | €3,588 | €413 | -€3,175 | -88.5% |
| Total equity and liabilities | 10/49 | €140,262 | €149,738 | +€9,476 | +6.8% |
| Equity | 10/15 | €47,536 | €68,839 | +€21,302 | +44.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €12,529 | €33,831 | +€21,302 | +170.0% |
| Distributable reserves | 133 | €12,529 | €33,831 | +€21,302 | +170.0% |
| Profit (loss) carried forward | 14 | €26,947 | €26,947 | = | 0.0% |
| Amounts payable | 17/49 | €92,726 | €80,899 | -€11,827 | -12.8% |
| Amounts payable after more than one year | 17 | €62,107 | €57,657 | -€4,450 | -7.2% |
| Financial debts | 170/4 | €22,107 | €17,657 | -€4,450 | -20.1% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,618 | €21,180 | -€7,439 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €4,160 | €4,450 | +€291 | +7.0% |
| Financial debts | 43 | €73 | - | -€73 | |
| Credit institutions | 430/8 | €73 | - | -€73 | |
| Trade debts | 44 | €9,154 | €4,205 | -€4,949 | -54.1% |
| Suppliers | 440/4 | €9,154 | €4,205 | -€4,949 | -54.1% |
| Advances received on contracts in progress | 46 | €230 | €230 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,065 | €1,281 | -€2,784 | -68.5% |
| Taxes | 450/3 | €4,065 | €1,281 | -€2,784 | -68.5% |
| Other amounts payable | 47/48 | €10,937 | €11,013 | +€77 | +0.7% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,063 | +€63 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,820 | €17,419 | +€1,599 | +10.1% |
| Other operating charges | 640/8 | €1,609 | €1,902 | +€294 | +18.2% |
| Gross operating margin | 9900 | €38,848 | €55,389 | +€16,541 | +42.6% |
| Operating profit (loss) | 9901 | €21,420 | €36,068 | +€14,648 | +68.4% |
| Financial income | 75/76B | €250 | €437 | +€187 | +74.6% |
| Recurring financial income | 75 | €250 | €437 | +€187 | +74.6% |
| Financial charges | 65/66B | €2,819 | €4,302 | +€1,484 | +52.6% |
| Recurring financial charges | 65 | €2,819 | €4,302 | +€1,484 | +52.6% |
| Profit (loss) for the period before taxes | 9903 | €18,851 | €32,202 | +€13,351 | +70.8% |
| Income taxes | 67/77 | €6,322 | €10,900 | +€4,578 | +72.4% |
| Profit (loss) for the period | 9904 | €12,529 | €21,302 | +€8,773 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,529 | €21,302 | +€8,773 | +70.0% |
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 11 October 2026 via checked.be.