Casel: 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.
Casel
Largest movements
- Receivables within one year -€7,610
down €7,610 (-23.2%), from €32,738 to €25,128
of which Trade receivables: -€9,370
- Cash -€5,204
down €5,204 (-33.7%), from €15,463 to €10,258
mainly Trade debts (-€12,084) and Other debts (-€4,174)
- Tangible fixed assets -€530
down €530 (-16.7%), from €3,170 to €2,640
- Trade debts -€12,084
down €12,084 (-90.4%), from €13,365 to €1,280
- Other debts -€4,174
down €4,174 (-100%), from €4,174 to €0
- Tax, wage and social debts +€2,218
up €2,218 (+41.9%), from €5,300 to €7,518
- Profit (loss) carried forward +€1,156
up €1,156 (+6.6%), from €17,436 to €18,592
- Gross operating margin -€20,427
down €20,427 (-81.9%), from €24,930 to €4,503
- Taxes -€3,934
down €3,934 (-73.3%), from €5,367 to €1,434
- Financial charges -€626
down €626 (-56.5%), from €1,107 to €482
- Other operating charges +€407
up €407 (+81.9%), from €497 to €903
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 | €51,771 | €38,427 | -€13,344 | -25.8% |
| Fixed assets | 21/28 | €3,170 | €2,640 | -€530 | -16.7% |
| Tangible fixed assets | 22/27 | €3,170 | €2,640 | -€530 | -16.7% |
| Furniture and vehicles | 24 | €3,170 | €2,640 | -€530 | -16.7% |
| Current assets | 29/58 | €48,601 | €35,787 | -€12,814 | -26.4% |
| Amounts receivable within one year | 40/41 | €32,738 | €25,128 | -€7,610 | -23.2% |
| Trade receivables | 40 | €27,204 | €17,834 | -€9,370 | -34.4% |
| Other amounts receivable | 41 | €5,534 | €7,295 | +€1,761 | +31.8% |
| Cash at bank and in hand | 54/58 | €15,463 | €10,258 | -€5,204 | -33.7% |
| Deferred charges and accrued income | 490/1 | €400 | €400 | = | 0.0% |
| Total equity and liabilities | 10/49 | €51,771 | €38,427 | -€13,344 | -25.8% |
| Equity | 10/15 | €26,022 | €27,178 | +€1,156 | +4.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €4,586 | €4,586 | = | 0.0% |
| Distributable reserves | 133 | €4,586 | €4,586 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,436 | €18,592 | +€1,156 | +6.6% |
| Amounts payable | 17/49 | €25,749 | €11,249 | -€14,501 | -56.3% |
| Amounts payable within one year | 42/48 | €25,749 | €11,249 | -€14,501 | -56.3% |
| Current portion of amounts payable after more than one year | 42 | €2,028 | €2,019 | -€9 | -0.5% |
| Financial debts | 43 | €882 | €431 | -€452 | -51.2% |
| Credit institutions | 430/8 | €882 | €431 | -€452 | -51.2% |
| Trade debts | 44 | €13,365 | €1,280 | -€12,084 | -90.4% |
| Suppliers | 440/4 | €13,365 | €1,280 | -€12,084 | -90.4% |
| Taxes, remuneration and social security | 45 | €5,300 | €7,518 | +€2,218 | +41.9% |
| Taxes | 450/3 | €5,300 | €7,518 | +€2,218 | +41.9% |
| Other amounts payable | 47/48 | €4,174 | €0 | -€4,174 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €530 | €530 | -€0 | 0.0% |
| Other operating charges | 640/8 | €497 | €903 | +€407 | +81.9% |
| Gross operating margin | 9900 | €24,930 | €4,503 | -€20,427 | -81.9% |
| Operating profit (loss) | 9901 | €23,903 | €3,070 | -€20,833 | -87.2% |
| Financial income | 75/76B | €7 | €2 | -€5 | -74.2% |
| Recurring financial income | 75 | €7 | €2 | -€5 | -74.2% |
| Financial charges | 65/66B | €1,107 | €482 | -€626 | -56.5% |
| Recurring financial charges | 65 | €1,107 | €482 | -€626 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €22,803 | €2,590 | -€20,213 | -88.6% |
| Income taxes | 67/77 | €5,367 | €1,434 | -€3,934 | -73.3% |
| Profit (loss) for the period | 9904 | €17,436 | €1,156 | -€16,279 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,436 | €1,156 | -€16,279 | -93.4% |
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 14 October 2026 via checked.be.