CASETTE: 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.
CASETTE
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+258%), from €509,168 to €1.8m
of which Other tangible fixed assets: +€1.1m
- Other debts +€707,567
new in 2025: €707,567
- Debts after one year +€598,348
up €598,348 (+167%), from €357,349 to €955,696
- Profit (loss) carried forward -€79,424
down €79,424 (-367%), from -€21,650 to -€101,074
- Current portion of long-term debt +€59,705
new in 2025: €59,705
- Trade debts +€33,804
up €33,804 (+9,939%), from €340 to €34,144
- Gross operating margin -€46,617
down €46,617 (-324%), from -€14,394 to -€61,011
- Financial charges +€11,244
up €11,244 (+189%), from €5,963 to €17,207
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 | €536,811 | €1,857,203 | +€1.3m | +246% |
| Formation expenses | 20 | €3,449 | €2,642 | -€807 | -23.4% |
| Fixed assets | 21/28 | €511,908 | €1,832,683 | +€1.3m | +258% |
| Intangible fixed assets | 21 | €2,740 | €12,060 | +€9,320 | +340% |
| Tangible fixed assets | 22/27 | €509,168 | €1,820,623 | +€1.3m | +258% |
| Furniture and vehicles | 24 | €78,371 | €314,922 | +€236,551 | +302% |
| Other tangible fixed assets | 26 | €430,797 | €1,505,701 | +€1.1m | +250% |
| Current assets | 29/58 | €21,454 | €21,878 | +€424 | +2.0% |
| Amounts receivable within one year | 40/41 | €7,938 | €19,684 | +€11,746 | +148% |
| Trade receivables | 40 | €7,938 | €10,293 | +€2,355 | +29.7% |
| Other amounts receivable | 41 | - | €9,390 | +€9,390 | |
| Cash at bank and in hand | 54/58 | €13,516 | €2,194 | -€11,322 | -83.8% |
| Total equity and liabilities | 10/49 | €536,811 | €1,857,203 | +€1.3m | +246% |
| Equity | 10/15 | €178,350 | €98,926 | -€79,424 | -44.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,650 | -€101,074 | -€79,424 | -367% |
| Amounts payable | 17/49 | €358,461 | €1,758,277 | +€1.4m | +391% |
| Amounts payable after more than one year | 17 | €357,349 | €955,696 | +€598,348 | +167% |
| Financial debts | 170/4 | €357,349 | €955,696 | +€598,348 | +167% |
| Amounts payable within one year | 42/48 | €1,112 | €802,581 | +€801,469 | +72,068% |
| Current portion of amounts payable after more than one year | 42 | - | €59,705 | +€59,705 | |
| Financial debts | 43 | €772 | €1,110 | +€338 | +43.8% |
| Credit institutions | 430/8 | €772 | €1,110 | +€338 | +43.8% |
| Trade debts | 44 | €340 | €34,144 | +€33,804 | +9,939% |
| Suppliers | 440/4 | €340 | €34,144 | +€33,804 | +9,939% |
| Advances received on contracts in progress | 46 | - | €54 | +€54 | |
| Other amounts payable | 47/48 | - | €707,567 | +€707,567 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €586 | €807 | +€221 | +37.8% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | -€14,394 | -€61,011 | -€46,617 | -324% |
| Operating profit (loss) | 9901 | -€15,751 | -€62,217 | -€46,466 | -295% |
| Financial income | 75/76B | €64 | - | -€64 | |
| Recurring financial income | 75 | €64 | - | -€64 | |
| Financial charges | 65/66B | €5,963 | €17,207 | +€11,244 | +189% |
| Recurring financial charges | 65 | €5,963 | €17,207 | +€11,244 | +189% |
| Profit (loss) for the period before taxes | 9903 | -€21,650 | -€79,424 | -€57,774 | -267% |
| Profit (loss) for the period | 9904 | -€21,650 | -€79,424 | -€57,774 | -267% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,650 | -€79,424 | -€57,774 | -267% |
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 19 October 2026 via checked.be.