CASOPI: 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.
CASOPI
Largest movements
- Tangible fixed assets +€161,501
up €161,501 (+671.2%), from €24,061 to €185,562
of which Plant, machinery and equipment: +€163,709
- Receivables within one year +€17,550
up €17,550 (+38.4%), from €45,723 to €63,273
of which Other amounts receivable: +€11,403
- Cash +€9,854
up €9,854 (+6.2%), from €159,909 to €169,763
mainly Debts after one year (+€93,613) and Trade debts (+€53,815)
- Stocks and contracts +€7,829
up €7,829 (+25.0%), from €31,361 to €39,190
- Financial fixed assets +€4,800
up €4,800 (+2666.7%), from €180 to €4,980
- Debts after one year +€93,613
new in 2025: €93,613
- Trade debts +€53,815
up €53,815 (+157.4%), from €34,198 to €88,013
- Current portion of long-term debt +€18,744
new in 2025: €18,744
- Profit (loss) carried forward +€17,378
up €17,378 (+12.1%), from €143,518 to €160,896
- Other debts +€11,712
up €11,712 (+26.3%), from €44,585 to €56,297
- Staff costs +€45,489
up €45,489 (+32.1%), from €141,582 to €187,071
- Depreciation +€20,849
up €20,849 (+300.6%), from €6,936 to €27,786
- Taxes -€15,097
down €15,097 (-72.4%), from €20,841 to €5,743
- Gross operating margin +€12,545
up €12,545 (+5.5%), from €227,664 to €240,209
- Write-downs -€3,184
down €3,184 (-216.6%), from -€1,470 to -€4,653
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 | €271,573 | €470,492 | +€198,918 | +73.2% |
| Fixed assets | 21/28 | €27,330 | €192,298 | +€164,967 | +603.6% |
| Intangible fixed assets | 21 | €3,089 | €1,756 | -€1,333 | -43.2% |
| Tangible fixed assets | 22/27 | €24,061 | €185,562 | +€161,501 | +671.2% |
| Plant, machinery and equipment | 23 | €12,920 | €176,628 | +€163,709 | +1267.1% |
| Furniture and vehicles | 24 | €4,848 | €2,611 | -€2,237 | -46.1% |
| Other tangible fixed assets | 26 | €6,294 | €6,323 | +€29 | +0.5% |
| Financial fixed assets | 28 | €180 | €4,980 | +€4,800 | +2666.7% |
| Current assets | 29/58 | €244,243 | €278,194 | +€33,951 | +13.9% |
| Stocks and contracts in progress | 3 | €31,361 | €39,190 | +€7,829 | +25.0% |
| Stocks | 30/36 | €31,361 | €39,190 | +€7,829 | +25.0% |
| Amounts receivable within one year | 40/41 | €45,723 | €63,273 | +€17,550 | +38.4% |
| Trade receivables | 40 | €38,571 | €44,719 | +€6,148 | +15.9% |
| Other amounts receivable | 41 | €7,152 | €18,554 | +€11,403 | +159.4% |
| Cash at bank and in hand | 54/58 | €159,909 | €169,763 | +€9,854 | +6.2% |
| Deferred charges and accrued income | 490/1 | €7,251 | €5,968 | -€1,282 | -17.7% |
| Total equity and liabilities | 10/49 | €271,573 | €470,492 | +€198,918 | +73.2% |
| Equity | 10/15 | €163,969 | €181,347 | +€17,378 | +10.6% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,518 | €160,896 | +€17,378 | +12.1% |
| Amounts payable | 17/49 | €107,604 | €289,145 | +€181,541 | +168.7% |
| Amounts payable after more than one year | 17 | - | €93,613 | +€93,613 | |
| Financial debts | 170/4 | - | €93,613 | +€93,613 | |
| Amounts payable within one year | 42/48 | €107,604 | €195,532 | +€87,928 | +81.7% |
| Current portion of amounts payable after more than one year | 42 | - | €18,744 | +€18,744 | |
| Trade debts | 44 | €34,198 | €88,013 | +€53,815 | +157.4% |
| Suppliers | 440/4 | €34,198 | €88,013 | +€53,815 | +157.4% |
| Taxes, remuneration and social security | 45 | €28,821 | €32,478 | +€3,657 | +12.7% |
| Taxes | 450/3 | €13,777 | €11,390 | -€2,387 | -17.3% |
| Remuneration and social security | 454/9 | €15,044 | €21,088 | +€6,044 | +40.2% |
| Other amounts payable | 47/48 | €44,585 | €56,297 | +€11,712 | +26.3% |
| Remuneration, social security and pensions | 62 | €141,582 | €187,071 | +€45,489 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,936 | €27,786 | +€20,849 | +300.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,470 | -€4,653 | -€3,184 | -216.6% |
| Other operating charges | 640/8 | €1,673 | €1,969 | +€295 | +17.6% |
| Gross operating margin | 9900 | €227,664 | €240,209 | +€12,545 | +5.5% |
| Operating profit (loss) | 9901 | €78,943 | €28,038 | -€50,905 | -64.5% |
| Financial income | 75/76B | €1,510 | €1,711 | +€201 | +13.3% |
| Recurring financial income | 75 | €1,510 | €1,711 | +€201 | +13.3% |
| Financial charges | 65/66B | €4,659 | €6,627 | +€1,969 | +42.3% |
| Recurring financial charges | 65 | €4,659 | €6,627 | +€1,969 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | €75,794 | €23,121 | -€52,673 | -69.5% |
| Income taxes | 67/77 | €20,841 | €5,743 | -€15,097 | -72.4% |
| Profit (loss) for the period | 9904 | €54,953 | €17,378 | -€37,575 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €54,953 | €17,378 | -€37,575 | -68.4% |
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 10 October 2026 via checked.be.