CASHMERE GROUP: 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.
CASHMERE GROUP
Largest movements
- Stocks and contracts +€107,500
up €107,500 (+196%), from €54,935 to €162,435
- Receivables within one year -€62,172
down €62,172 (-46.2%), from €134,481 to €72,309
of which Trade receivables: -€74,507
- Cash -€5,743
down €5,743 (-21.7%), from €26,442 to €20,699
mainly Stocks and contracts (-€107,500) and Other debts (-€83,500)
- Trade debts +€103,530
up €103,530 (+185%), from €55,837 to €159,367
- Other debts -€83,500
down €83,500 (-100%), from €83,500 to €0
- Profit (loss) carried forward +€14,742
up €14,742 (+28.9%), from €51,081 to €65,823
- Tax, wage and social debts +€5,503
up €5,503 (+101%), from €5,440 to €10,943
- Gross operating margin -€15,036
down €15,036 (-28.7%), from €52,368 to €37,332
- Taxes -€8,371
down €8,371 (-60.3%), from €13,874 to €5,503
- Financial income +€2,751
new in 2025: €2,751
- Other operating charges -€882
down €882 (-4.3%), from €20,536 to €19,654
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 | €215,858 | €256,133 | +€40,275 | +18.7% |
| Current assets | 29/58 | €215,858 | €256,133 | +€40,275 | +18.7% |
| Stocks and contracts in progress | 3 | €54,935 | €162,435 | +€107,500 | +196% |
| Stocks | 30/36 | €54,935 | €162,435 | +€107,500 | +196% |
| Amounts receivable within one year | 40/41 | €134,481 | €72,309 | -€62,172 | -46.2% |
| Trade receivables | 40 | €128,231 | €53,723 | -€74,507 | -58.1% |
| Other amounts receivable | 41 | €6,251 | €18,586 | +€12,335 | +197% |
| Cash at bank and in hand | 54/58 | €26,442 | €20,699 | -€5,743 | -21.7% |
| Deferred charges and accrued income | 490/1 | - | €690 | +€690 | |
| Total equity and liabilities | 10/49 | €215,858 | €256,133 | +€40,275 | +18.7% |
| Equity | 10/15 | €71,081 | €85,823 | +€14,742 | +20.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,081 | €65,823 | +€14,742 | +28.9% |
| Amounts payable | 17/49 | €144,777 | €170,311 | +€25,533 | +17.6% |
| Amounts payable within one year | 42/48 | €144,777 | €170,311 | +€25,533 | +17.6% |
| Trade debts | 44 | €55,837 | €159,367 | +€103,530 | +185% |
| Suppliers | 440/4 | €55,837 | €159,367 | +€103,530 | +185% |
| Taxes, remuneration and social security | 45 | €5,440 | €10,943 | +€5,503 | +101% |
| Taxes | 450/3 | €5,440 | €10,943 | +€5,503 | +101% |
| Other amounts payable | 47/48 | €83,500 | €0 | -€83,500 | -100% |
| Other operating charges | 640/8 | €20,536 | €19,654 | -€882 | -4.3% |
| Gross operating margin | 9900 | €52,368 | €37,332 | -€15,036 | -28.7% |
| Operating profit (loss) | 9901 | €31,832 | €17,678 | -€14,154 | -44.5% |
| Financial income | 75/76B | - | €2,751 | +€2,751 | |
| Recurring financial income | 75 | - | €2,751 | +€2,751 | |
| Financial charges | 65/66B | €137 | €183 | +€46 | +33.4% |
| Recurring financial charges | 65 | €137 | €183 | +€46 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €31,694 | €20,245 | -€11,449 | -36.1% |
| Income taxes | 67/77 | €13,874 | €5,503 | -€8,371 | -60.3% |
| Profit (loss) for the period | 9904 | €17,820 | €14,742 | -€3,078 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,820 | €14,742 | -€3,078 | -17.3% |
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 29 October 2026 via checked.be.