CASPIENNE: 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.
CASPIENNE
Largest movements
- Receivables within one year +€5,054
up €5,054 (+92.8%), from €5,448 to €10,502
of which Trade receivables: +€5,832
- Tangible fixed assets -€4,131
down €4,131 (-20.5%), from €20,126 to €15,995
- Other debts -€9,307
down €9,307 (-42.3%), from €22,000 to €12,692
- Trade debts +€5,335
up €5,335 (+224.2%), from €2,379 to €7,714
- Profit (loss) carried forward +€5,047
up €5,047, from -€386 to €4,661
- Gross operating margin +€5,705
up €5,705 (+63.3%), from €9,010 to €14,715
- Other operating charges +€660
up €660 (+135.5%), from €487 to €1,148
- Depreciation -€482
down €482 (-10.4%), from €4,613 to €4,131
- Financial income +€353
up €353 (+106.6%), from €331 to €684
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 | €43,470 | €44,855 | +€1,385 | +3.2% |
| Fixed assets | 21/28 | €35,126 | €31,295 | -€3,831 | -10.9% |
| Intangible fixed assets | 21 | €15,000 | €15,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €20,126 | €15,995 | -€4,131 | -20.5% |
| Furniture and vehicles | 24 | €20,126 | €15,995 | -€4,131 | -20.5% |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €8,344 | €13,560 | +€5,216 | +62.5% |
| Amounts receivable within one year | 40/41 | €5,448 | €10,502 | +€5,054 | +92.8% |
| Trade receivables | 40 | - | €5,832 | +€5,832 | |
| Other amounts receivable | 41 | €5,448 | €4,669 | -€778 | -14.3% |
| Cash at bank and in hand | 54/58 | €2,896 | €3,058 | +€162 | +5.6% |
| Total equity and liabilities | 10/49 | €43,470 | €44,855 | +€1,385 | +3.2% |
| Equity | 10/15 | €18,206 | €23,253 | +€5,047 | +27.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€386 | €4,661 | +€5,047 | |
| Amounts payable | 17/49 | €25,264 | €21,602 | -€3,662 | -14.5% |
| Amounts payable within one year | 42/48 | €25,264 | €21,602 | -€3,662 | -14.5% |
| Trade debts | 44 | €2,379 | €7,714 | +€5,335 | +224.2% |
| Suppliers | 440/4 | €2,379 | €7,714 | +€5,335 | +224.2% |
| Taxes, remuneration and social security | 45 | €885 | €1,196 | +€310 | +35.1% |
| Remuneration and social security | 454/9 | €885 | €1,196 | +€310 | +35.1% |
| Other amounts payable | 47/48 | €22,000 | €12,692 | -€9,307 | -42.3% |
| Remuneration, social security and pensions | 62 | €4,578 | €4,689 | +€111 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,613 | €4,131 | -€482 | -10.4% |
| Other operating charges | 640/8 | €487 | €1,148 | +€660 | +135.5% |
| Non-recurring operating charges | 66A | - | €333 | +€333 | |
| Gross operating margin | 9900 | €9,010 | €14,715 | +€5,705 | +63.3% |
| Operating profit (loss) | 9901 | -€668 | €4,414 | +€5,082 | |
| Financial income | 75/76B | €331 | €684 | +€353 | +106.6% |
| Recurring financial income | 75 | €331 | €684 | +€353 | +106.6% |
| Financial charges | 65/66B | €104 | €51 | -€53 | -51.0% |
| Recurring financial charges | 65 | €104 | €51 | -€53 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | -€442 | €5,047 | +€5,488 | |
| Profit (loss) for the period | 9904 | -€442 | €5,047 | +€5,488 | |
| Profit (loss) for the period to be appropriated | 9905 | -€442 | €5,047 | +€5,488 |
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 1 October 2026 via checked.be.