CASEBEL: 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.
CASEBEL
Largest movements
- Cash +€108,609
up €108,609 (+93.5%), from €116,105 to €224,714
mainly Tax, wage and social debts (+€110,490) and Net result for the year (+€83,024)
- Receivables within one year -€62,727
down €62,727 (-33.7%), from €186,227 to €123,500
of which Other amounts receivable: -€62,500
- Tangible fixed assets -€16,019
down €16,019 (-55.1%), from €29,093 to €13,074
- Tax, wage and social debts +€110,490
up €110,490 (+178.0%), from €62,083 to €172,573
of which Remuneration and social security: +€113,193
- Other debts -€41,438
no longer reported in 2025 (was €41,438)
- Reserves -€28,666
down €28,666 (-11.2%), from €256,889 to €228,223
- Current portion of long-term debt -€11,041
no longer reported in 2025 (was €11,041)
- Gross operating margin +€2,437
up €2,437 (+2.0%), from €123,236 to €125,673
- Taxes +€1,460
up €1,460 (+4.7%), from €30,982 to €32,442
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 | €390,955 | €420,886 | +€29,931 | +7.7% |
| Fixed assets | 21/28 | €87,587 | €71,567 | -€16,019 | -18.3% |
| Tangible fixed assets | 22/27 | €29,093 | €13,074 | -€16,019 | -55.1% |
| Furniture and vehicles | 24 | €29,093 | €13,074 | -€16,019 | -55.1% |
| Financial fixed assets | 28 | €58,493 | €58,493 | = | 0.0% |
| Current assets | 29/58 | €303,368 | €349,319 | +€45,950 | +15.1% |
| Amounts receivable within one year | 40/41 | €186,227 | €123,500 | -€62,727 | -33.7% |
| Trade receivables | 40 | €121,227 | €121,000 | -€227 | -0.2% |
| Other amounts receivable | 41 | €65,000 | €2,500 | -€62,500 | -96.2% |
| Cash at bank and in hand | 54/58 | €116,105 | €224,714 | +€108,609 | +93.5% |
| Deferred charges and accrued income | 490/1 | €1,036 | €1,104 | +€68 | +6.6% |
| Total equity and liabilities | 10/49 | €390,955 | €420,886 | +€29,931 | +7.7% |
| Equity | 10/15 | €276,312 | €247,646 | -€28,666 | -10.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €256,889 | €228,223 | -€28,666 | -11.2% |
| Distributable reserves | 133 | €256,889 | €228,223 | -€28,666 | -11.2% |
| Profit (loss) carried forward | 14 | €831 | €831 | = | 0.0% |
| Amounts payable | 17/49 | €114,643 | €173,240 | +€58,597 | +51.1% |
| Amounts payable within one year | 42/48 | €114,643 | €173,240 | +€58,597 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €11,041 | - | -€11,041 | |
| Trade debts | 44 | €82 | €667 | +€586 | +716.0% |
| Suppliers | 440/4 | €82 | €667 | +€586 | +716.0% |
| Taxes, remuneration and social security | 45 | €62,083 | €172,573 | +€110,490 | +178.0% |
| Taxes | 450/3 | €62,083 | €59,380 | -€2,703 | -4.4% |
| Remuneration and social security | 454/9 | - | €113,193 | +€113,193 | |
| Other amounts payable | 47/48 | €41,438 | - | -€41,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,112 | €16,019 | -€93 | -0.6% |
| Other operating charges | 640/8 | €1,427 | €1,467 | +€40 | +2.8% |
| Gross operating margin | 9900 | €123,236 | €125,673 | +€2,437 | +2.0% |
| Operating profit (loss) | 9901 | €105,697 | €108,186 | +€2,489 | +2.4% |
| Financial income | 75/76B | €7,490 | €7,490 | = | 0.0% |
| Recurring financial income | 75 | €7,490 | €7,490 | = | 0.0% |
| Financial charges | 65/66B | €722 | €211 | -€510 | -70.7% |
| Recurring financial charges | 65 | €722 | €211 | -€510 | -70.7% |
| Profit (loss) for the period before taxes | 9903 | €112,466 | €115,465 | +€2,999 | +2.7% |
| Income taxes | 67/77 | €30,982 | €32,442 | +€1,460 | +4.7% |
| Profit (loss) for the period | 9904 | €81,484 | €83,024 | +€1,539 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €81,484 | €83,024 | +€1,539 | +1.9% |
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 6 October 2026 via checked.be.