CASERNE: 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.
CASERNE
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+204.8%), from €769,371 to €2.3m
- Cash +€121,897
up €121,897 (+70.2%), from €173,624 to €295,520
mainly Contributions, distributions and other (+€1.6m) and Net result for the year (+€76,163)
- Revaluation surpluses +€1.6m
new in 2025: €1.6m
- Profit (loss) carried forward +€87,994
up €87,994 (+13.3%), from €662,344 to €750,338
- Taxes -€1,915
down €1,915 (-6.1%), from €31,247 to €29,331
- Financial income +€1,575
new in 2025: €1,575
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 | €1,102,376 | €2,782,648 | +€1.7m | +152.4% |
| Fixed assets | 21/28 | €769,371 | €2,345,000 | +€1.6m | +204.8% |
| Tangible fixed assets | 22/27 | €769,371 | €2,345,000 | +€1.6m | +204.8% |
| Land and buildings | 22 | €769,371 | €2,345,000 | +€1.6m | +204.8% |
| Current assets | 29/58 | €333,005 | €437,648 | +€104,642 | +31.4% |
| Amounts receivable after more than one year | 29 | €150,000 | €133,000 | -€17,000 | -11.3% |
| Other amounts receivable | 291 | €150,000 | €133,000 | -€17,000 | -11.3% |
| Amounts receivable within one year | 40/41 | €7,963 | €7,701 | -€262 | -3.3% |
| Other amounts receivable | 41 | €7,963 | €7,701 | -€262 | -3.3% |
| Cash at bank and in hand | 54/58 | €173,624 | €295,520 | +€121,897 | +70.2% |
| Deferred charges and accrued income | 490/1 | €1,419 | €1,426 | +€7 | +0.5% |
| Total equity and liabilities | 10/49 | €1,102,376 | €2,782,648 | +€1.7m | +152.4% |
| Equity | 10/15 | €1,037,682 | €2,723,878 | +€1.7m | +162.5% |
| Contributions | 10/11 | €223,104 | €223,104 | = | 0.0% |
| Capital | 10 | €223,104 | €223,104 | = | 0.0% |
| Issued capital | 100 | €223,104 | €223,104 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,610,033 | +€1.6m | |
| Reserves | 13 | €152,234 | €140,403 | -€11,831 | -7.8% |
| Non-distributable reserves | 130/1 | €22,310 | €22,310 | = | 0.0% |
| Legal reserve | 130 | €22,310 | €22,310 | = | 0.0% |
| Tax-exempt reserves | 132 | €129,923 | €118,092 | -€11,831 | -9.1% |
| Profit (loss) carried forward | 14 | €662,344 | €750,338 | +€87,994 | +13.3% |
| Provisions and deferred taxes | 16 | €63,992 | €58,165 | -€5,827 | -9.1% |
| Deferred taxes | 168 | €63,992 | €58,165 | -€5,827 | -9.1% |
| Amounts payable | 17/49 | €702 | €605 | -€97 | -13.8% |
| Amounts payable within one year | 42/48 | €702 | €605 | -€97 | -13.8% |
| Trade debts | 44 | €702 | €605 | -€97 | -13.8% |
| Suppliers | 440/4 | €702 | €605 | -€97 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,991 | €34,404 | +€1,413 | +4.3% |
| Other operating charges | 640/8 | €11,886 | €12,259 | +€372 | +3.1% |
| Gross operating margin | 9900 | €144,609 | €145,512 | +€904 | +0.6% |
| Operating profit (loss) | 9901 | €99,732 | €98,850 | -€882 | -0.9% |
| Financial income | 75/76B | - | €1,575 | +€1,575 | |
| Recurring financial income | 75 | - | €1,575 | +€1,575 | |
| Financial charges | 65/66B | €751 | €758 | +€7 | +0.9% |
| Recurring financial charges | 65 | €751 | €758 | +€7 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €98,981 | €99,667 | +€687 | +0.7% |
| Transfer from deferred taxes | 780 | €8,582 | €5,827 | -€2,755 | -32.1% |
| Income taxes | 67/77 | €31,247 | €29,331 | -€1,915 | -6.1% |
| Profit (loss) for the period | 9904 | €76,316 | €76,163 | -€153 | -0.2% |
| Transfer from tax-exempt reserves | 789 | €17,424 | €11,831 | -€5,592 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,740 | €87,994 | -€5,745 | -6.1% |
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 3 October 2026 via checked.be.