CASPOL: 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.
CASPOL
Largest movements
- Tangible fixed assets -€13,657
down €13,657 (-4.6%), from €297,328 to €283,671
of which Land and buildings: -€12,903
- Cash +€11,703
up €11,703 (+1.6%), from €713,153 to €724,856
mainly Depreciation (+€13,657) and Net result for the year (+€988)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€7,661
down €7,661 (-67.4%), from €11,372 to €3,711
- Gross operating margin -€4,899
down €4,899 (-17.3%), from €28,280 to €23,381
- Financial charges +€1,066
up €1,066 (+36.2%), from €2,941 to €4,007
- Depreciation +€319
up €319 (+2.4%), from €13,338 to €13,657
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 | €1,094,491 | €1,093,268 | -€1,223 | -0.1% |
| Fixed assets | 21/28 | €297,328 | €283,671 | -€13,657 | -4.6% |
| Tangible fixed assets | 22/27 | €297,328 | €283,671 | -€13,657 | -4.6% |
| Land and buildings | 22 | €290,170 | €277,267 | -€12,903 | -4.4% |
| Plant, machinery and equipment | 23 | €7,158 | €6,404 | -€755 | -10.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €797,163 | €809,597 | +€12,434 | +1.6% |
| Amounts receivable within one year | 40/41 | €4,198 | €4,313 | +€115 | +2.7% |
| Other amounts receivable | 41 | €4,198 | €4,313 | +€115 | +2.7% |
| Current investments | 50/53 | €79,120 | €79,120 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €713,153 | €724,856 | +€11,703 | +1.6% |
| Deferred charges and accrued income | 490/1 | €692 | €1,308 | +€616 | +89.1% |
| Total equity and liabilities | 10/49 | €1,094,491 | €1,093,268 | -€1,223 | -0.1% |
| Equity | 10/15 | €1,064,424 | €1,065,412 | +€988 | +0.1% |
| Contributions | 10/11 | €821,023 | €821,023 | = | 0.0% |
| Capital | 10 | €821,023 | €821,023 | = | 0.0% |
| Issued capital | 100 | €821,023 | €821,023 | = | 0.0% |
| Reserves | 13 | €298,569 | €298,569 | = | 0.0% |
| Non-distributable reserves | 130/1 | €82,102 | €82,102 | = | 0.0% |
| Legal reserve | 130 | €82,102 | €82,102 | = | 0.0% |
| Distributable reserves | 133 | €216,467 | €216,467 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,169 | -€54,181 | +€988 | +1.8% |
| Amounts payable | 17/49 | €30,067 | €27,857 | -€2,211 | -7.4% |
| Amounts payable within one year | 42/48 | €28,355 | €25,937 | -€2,419 | -8.5% |
| Trade debts | 44 | - | €60 | +€60 | |
| Suppliers | 440/4 | - | €60 | +€60 | |
| Other amounts payable | 47/48 | €28,355 | €25,877 | -€2,478 | -8.7% |
| Accrued charges and deferred income | 492/3 | €1,712 | €1,920 | +€208 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,338 | €13,657 | +€319 | +2.4% |
| Other operating charges | 640/8 | €8,199 | €8,439 | +€240 | +2.9% |
| Gross operating margin | 9900 | €28,280 | €23,381 | -€4,899 | -17.3% |
| Operating profit (loss) | 9901 | €6,742 | €1,284 | -€5,458 | -81.0% |
| Financial income | 75/76B | €11,372 | €3,711 | -€7,661 | -67.4% |
| Recurring financial income | 75 | €11,372 | €3,711 | -€7,661 | -67.4% |
| Financial charges | 65/66B | €2,941 | €4,007 | +€1,066 | +36.2% |
| Recurring financial charges | 65 | €2,941 | €4,007 | +€1,066 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | €15,173 | €988 | -€14,185 | -93.5% |
| Profit (loss) for the period | 9904 | €15,173 | €988 | -€14,185 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,173 | €988 | -€14,185 | -93.5% |
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 4 October 2026 via checked.be.