CASIL: 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.
CASIL
Largest movements
- Receivables within one year -€12,422
down €12,422 (-33.1%), from €37,559 to €25,137
of which Trade receivables: -€7,925
- Cash +€8,796
up €8,796 (+19.7%), from €44,553 to €53,349
mainly Receivables within one year (+€12,422) and Debts after one year (+€7,969)
- Financial fixed assets +€3,000
up €3,000 (+240.0%), from €1,250 to €4,250
- Tangible fixed assets +€1,562
up €1,562 (+12.8%), from €12,194 to €13,756
of which Furniture and vehicles: +€1,485
- Debts after one year +€7,969
new in 2025: €7,969
- Trade debts -€4,742
down €4,742 (-71.4%), from €6,644 to €1,902
- Profit (loss) carried forward +€4,503
up €4,503 (+8.0%), from €55,999 to €60,502
- Tax, wage and social debts -€4,082
down €4,082 (-31.5%), from €12,965 to €8,883
of which Remuneration and social security: -€3,982
- Current portion of long-term debt -€2,333
down €2,333 (-24.7%), from €9,443 to €7,110
- Gross operating margin -€30,364
down €30,364 (-59.0%), from €51,455 to €21,092
- Depreciation -€5,571
down €5,571 (-49.6%), from €11,240 to €5,669
- Financial charges -€2,320
down €2,320 (-19.3%), from €11,994 to €9,674
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 | €95,557 | €96,869 | +€1,312 | +1.4% |
| Fixed assets | 21/28 | €13,444 | €18,006 | +€4,562 | +33.9% |
| Tangible fixed assets | 22/27 | €12,194 | €13,756 | +€1,562 | +12.8% |
| Plant, machinery and equipment | 23 | €2,513 | €2,589 | +€76 | +3.0% |
| Furniture and vehicles | 24 | €9,682 | €11,167 | +€1,485 | +15.3% |
| Financial fixed assets | 28 | €1,250 | €4,250 | +€3,000 | +240.0% |
| Current assets | 29/58 | €82,112 | €78,863 | -€3,249 | -4.0% |
| Amounts receivable after more than one year | 29 | €1 | - | -€1 | |
| Other amounts receivable | 291 | €1 | - | -€1 | |
| Amounts receivable within one year | 40/41 | €37,559 | €25,137 | -€12,422 | -33.1% |
| Trade receivables | 40 | €12,995 | €5,069 | -€7,925 | -61.0% |
| Other amounts receivable | 41 | €24,564 | €20,068 | -€4,496 | -18.3% |
| Cash at bank and in hand | 54/58 | €44,553 | €53,349 | +€8,796 | +19.7% |
| Deferred charges and accrued income | 490/1 | - | €377 | +€377 | |
| Total equity and liabilities | 10/49 | €95,557 | €96,869 | +€1,312 | +1.4% |
| Equity | 10/15 | €62,692 | €67,196 | +€4,503 | +7.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €6,693 | €6,693 | = | 0.0% |
| Distributable reserves | 133 | €6,693 | €6,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,999 | €60,502 | +€4,503 | +8.0% |
| Amounts payable | 17/49 | €32,864 | €29,673 | -€3,191 | -9.7% |
| Amounts payable after more than one year | 17 | - | €7,969 | +€7,969 | |
| Financial debts | 170/4 | - | €7,969 | +€7,969 | |
| Amounts payable within one year | 42/48 | €32,864 | €21,705 | -€11,160 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €9,443 | €7,110 | -€2,333 | -24.7% |
| Trade debts | 44 | €6,644 | €1,902 | -€4,742 | -71.4% |
| Suppliers | 440/4 | €6,644 | €1,902 | -€4,742 | -71.4% |
| Taxes, remuneration and social security | 45 | €12,965 | €8,883 | -€4,082 | -31.5% |
| Taxes | 450/3 | €1,400 | €1,300 | -€100 | -7.1% |
| Remuneration and social security | 454/9 | €11,565 | €7,583 | -€3,982 | -34.4% |
| Other amounts payable | 47/48 | €3,812 | €3,809 | -€3 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,240 | €5,669 | -€5,571 | -49.6% |
| Other operating charges | 640/8 | €1,518 | €1,537 | +€18 | +1.2% |
| Gross operating margin | 9900 | €51,455 | €21,092 | -€30,364 | -59.0% |
| Operating profit (loss) | 9901 | €38,697 | €13,886 | -€24,811 | -64.1% |
| Financial income | 75/76B | €187 | €309 | +€122 | +65.3% |
| Recurring financial income | 75 | €187 | €309 | +€122 | +65.3% |
| Financial charges | 65/66B | €11,994 | €9,674 | -€2,320 | -19.3% |
| Recurring financial charges | 65 | €11,994 | €9,674 | -€2,320 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €26,890 | €4,521 | -€22,369 | -83.2% |
| Income taxes | 67/77 | - | €17 | +€17 | |
| Profit (loss) for the period | 9904 | €26,890 | €4,503 | -€22,387 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,890 | €4,503 | -€22,387 | -83.3% |
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.