CASPARI: 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.
CASPARI
Largest movements
- Receivables within one year +€84,329
up €84,329 (+78.0%), from €108,176 to €192,504
of which Trade receivables: +€76,804
- Tangible fixed assets +€44,447
new in 2025: €44,447
- Stocks and contracts -€6,169
down €6,169 (-6.9%), from €90,000 to €83,831
- Cash -€5,940
down €5,940 (-7.4%), from €79,815 to €73,875
mainly Receivables within one year (-€84,329) and Investment in fixed assets (net) (-€49,309)
- Reserves +€101,139
up €101,139 (+803%), from €12,588 to €113,727
- Current portion of long-term debt +€50,000
up €50,000 (+28.6%), from €175,000 to €225,000
- Trade debts -€46,036
down €46,036 (-51.0%), from €90,261 to €44,225
- Tax, wage and social debts +€11,914
up €11,914 (+1,191%), from €1,000 to €12,914
of which Taxes: +€9,114
- Gross operating margin +€170,272
up €170,272 (+7,797%), from €2,184 to €172,456
- Taxes +€45,420
up €45,420 (+4,542%), from €1,000 to €46,420
- Financial charges +€16,586
up €16,586 (+2,630%), from €631 to €17,217
- Depreciation +€4,862
new in 2025: €4,862
- Other operating charges +€2,243
up €2,243 (+324%), from €693 to €2,936
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 | €279,249 | €396,265 | +€117,017 | +41.9% |
| Fixed assets | 21/28 | - | €44,447 | +€44,447 | |
| Tangible fixed assets | 22/27 | - | €44,447 | +€44,447 | |
| Furniture and vehicles | 24 | - | €44,447 | +€44,447 | |
| Current assets | 29/58 | €279,249 | €351,818 | +€72,570 | +26.0% |
| Stocks and contracts in progress | 3 | €90,000 | €83,831 | -€6,169 | -6.9% |
| Contracts in progress | 37 | €90,000 | €83,831 | -€6,169 | -6.9% |
| Amounts receivable within one year | 40/41 | €108,176 | €192,504 | +€84,329 | +78.0% |
| Trade receivables | 40 | €92,921 | €169,725 | +€76,804 | +82.7% |
| Other amounts receivable | 41 | €15,255 | €22,779 | +€7,525 | +49.3% |
| Cash at bank and in hand | 54/58 | €79,815 | €73,875 | -€5,940 | -7.4% |
| Deferred charges and accrued income | 490/1 | €1,258 | €1,608 | +€350 | +27.8% |
| Total equity and liabilities | 10/49 | €279,249 | €396,265 | +€117,017 | +41.9% |
| Equity | 10/15 | €12,988 | €114,127 | +€101,139 | +779% |
| Contributions | 10/11 | €400 | €400 | = | 0.0% |
| Reserves | 13 | €12,588 | €113,727 | +€101,139 | +803% |
| Distributable reserves | 133 | €12,588 | €113,727 | +€101,139 | +803% |
| Amounts payable | 17/49 | €266,261 | €282,139 | +€15,878 | +6.0% |
| Amounts payable within one year | 42/48 | €266,261 | €282,139 | +€15,878 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €175,000 | €225,000 | +€50,000 | +28.6% |
| Trade debts | 44 | €90,261 | €44,225 | -€46,036 | -51.0% |
| Suppliers | 440/4 | €90,261 | €44,225 | -€46,036 | -51.0% |
| Taxes, remuneration and social security | 45 | €1,000 | €12,914 | +€11,914 | +1,191% |
| Taxes | 450/3 | €1,000 | €10,114 | +€9,114 | +911% |
| Remuneration and social security | 454/9 | - | €2,800 | +€2,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,862 | +€4,862 | |
| Other operating charges | 640/8 | €693 | €2,936 | +€2,243 | +324% |
| Gross operating margin | 9900 | €2,184 | €172,456 | +€170,272 | +7,797% |
| Operating profit (loss) | 9901 | €1,491 | €164,658 | +€163,167 | +10,946% |
| Financial income | 75/76B | €508 | €118 | -€390 | -76.7% |
| Recurring financial income | 75 | €508 | €118 | -€390 | -76.7% |
| Financial charges | 65/66B | €631 | €17,217 | +€16,586 | +2,630% |
| Recurring financial charges | 65 | €631 | €17,217 | +€16,586 | +2,630% |
| Profit (loss) for the period before taxes | 9903 | €1,368 | €147,559 | +€146,191 | +10,684% |
| Income taxes | 67/77 | €1,000 | €46,420 | +€45,420 | +4,542% |
| Profit (loss) for the period | 9904 | €368 | €101,139 | +€100,771 | +27,363% |
| Profit (loss) for the period to be appropriated | 9905 | €368 | €101,139 | +€100,771 | +27,363% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.