CASNOT: 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.
CASNOT
Largest movements
- Cash -€160,908
down €160,908 (-50.3%), from €320,059 to €159,151
mainly Contributions, distributions and other (-€441,134) and Debts after one year (-€114,774)
- Receivables within one year +€46,216
up €46,216 (+231%), from €20,003 to €66,219
of which Trade receivables: +€52,460
- Tangible fixed assets -€20,056
down €20,056 (-20.0%), from €100,045 to €79,989
of which Furniture and vehicles: -€16,507
- Debts after one year -€114,774
down €114,774 (-21.8%), from €526,048 to €411,274
- Other debts -€104,835
down €104,835 (-22.0%), from €476,000 to €371,165
- Tax, wage and social debts +€59,110
up €59,110 (+231%), from €25,552 to €84,663
of which Taxes: +€59,148
- Profit (loss) carried forward +€22,591
up €22,591 (+5.1%), from €441,134 to €463,725
- Gross operating margin +€42,300
up €42,300 (+7.0%), from €605,923 to €648,222
- Taxes +€9,697
up €9,697 (+6.6%), from €146,255 to €155,951
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 | €1,589,575 | €1,454,930 | -€134,645 | -8.5% |
| Fixed assets | 21/28 | €1,247,785 | €1,227,729 | -€20,056 | -1.6% |
| Tangible fixed assets | 22/27 | €100,045 | €79,989 | -€20,056 | -20.0% |
| Plant, machinery and equipment | 23 | €1,068 | €788 | -€280 | -26.2% |
| Furniture and vehicles | 24 | €74,013 | €57,506 | -€16,507 | -22.3% |
| Other tangible fixed assets | 26 | €24,964 | €21,695 | -€3,269 | -13.1% |
| Financial fixed assets | 28 | €1,147,740 | €1,147,740 | = | 0.0% |
| Current assets | 29/58 | €341,790 | €227,201 | -€114,589 | -33.5% |
| Amounts receivable within one year | 40/41 | €20,003 | €66,219 | +€46,216 | +231% |
| Trade receivables | 40 | €0 | €52,460 | +€52,460 | |
| Other amounts receivable | 41 | €20,003 | €13,758 | -€6,244 | -31.2% |
| Cash at bank and in hand | 54/58 | €320,059 | €159,151 | -€160,908 | -50.3% |
| Deferred charges and accrued income | 490/1 | €1,728 | €1,831 | +€103 | +6.0% |
| Total equity and liabilities | 10/49 | €1,589,575 | €1,454,930 | -€134,645 | -8.5% |
| Equity | 10/15 | €444,134 | €466,725 | +€22,591 | +5.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €441,134 | €463,725 | +€22,591 | +5.1% |
| Amounts payable | 17/49 | €1,145,441 | €988,206 | -€157,236 | -13.7% |
| Amounts payable after more than one year | 17 | €526,048 | €411,274 | -€114,774 | -21.8% |
| Financial debts | 170/4 | €526,048 | €411,274 | -€114,774 | -21.8% |
| Amounts payable within one year | 42/48 | €618,772 | €576,932 | -€41,840 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €114,774 | €114,774 | = | 0.0% |
| Trade debts | 44 | €2,445 | €6,330 | +€3,885 | +159% |
| Suppliers | 440/4 | €2,445 | €6,330 | +€3,885 | +159% |
| Taxes, remuneration and social security | 45 | €25,552 | €84,663 | +€59,110 | +231% |
| Taxes | 450/3 | €23,150 | €82,298 | +€59,148 | +255% |
| Remuneration and social security | 454/9 | €2,402 | €2,364 | -€38 | -1.6% |
| Other amounts payable | 47/48 | €476,000 | €371,165 | -€104,835 | -22.0% |
| Accrued charges and deferred income | 492/3 | €622 | €0 | -€622 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,830 | €24,455 | +€626 | +2.6% |
| Other operating charges | 640/8 | €1,820 | €2,047 | +€227 | +12.5% |
| Gross operating margin | 9900 | €605,923 | €648,222 | +€42,300 | +7.0% |
| Operating profit (loss) | 9901 | €580,273 | €621,720 | +€41,446 | +7.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,007 | €2,044 | -€963 | -32.0% |
| Recurring financial charges | 65 | €3,007 | €2,044 | -€963 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €577,266 | €619,676 | +€42,410 | +7.3% |
| Income taxes | 67/77 | €146,255 | €155,951 | +€9,697 | +6.6% |
| Profit (loss) for the period | 9904 | €431,012 | €463,725 | +€32,713 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €431,012 | €463,725 | +€32,713 | +7.6% |
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 17 October 2026 via checked.be.