Cass: 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.
Cass
Largest movements
- Cash +€182,744
up €182,744 (+151%), from €121,109 to €303,854
mainly Receivables within one year (+€181,265) and Net result for the year (+€144,385)
- Receivables within one year -€181,265
down €181,265 (-44.7%), from €405,452 to €224,188
of which Trade receivables: -€149,233
- Deferred charges and accrued income +€12,608
up €12,608 (+41.1%), from €30,708 to €43,316
- Receivables after one year +€10,000
up €10,000 (+6.3%), from €160,000 to €170,000
- Reserves +€44,385
up €44,385 (+25.0%), from €177,720 to €222,106
of which Distributable reserves: +€44,385
- Tax, wage and social debts -€39,955
down €39,955 (-20.9%), from €191,283 to €151,328
of which Remuneration and social security: -€49,302
- Short-term financial debts +€18,888
up €18,888 (+27.8%), from €67,901 to €86,789
- Gross operating margin +€30,243
up €30,243 (+5.8%), from €521,570 to €551,813
- Other operating charges -€14,125
down €14,125 (-68.1%), from €20,727 to €6,602
- Taxes +€11,130
up €11,130 (+32.7%), from €33,989 to €45,120
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 | €732,556 | €750,271 | +€17,715 | +2.4% |
| Fixed assets | 21/28 | €15,286 | €8,913 | -€6,373 | -41.7% |
| Tangible fixed assets | 22/27 | €15,286 | €8,913 | -€6,373 | -41.7% |
| Plant, machinery and equipment | 23 | €14,200 | €8,602 | -€5,598 | -39.4% |
| Furniture and vehicles | 24 | €700 | €312 | -€388 | -55.5% |
| Leasing and similar rights | 25 | €387 | - | -€387 | |
| Current assets | 29/58 | €717,270 | €741,358 | +€24,087 | +3.4% |
| Amounts receivable after more than one year | 29 | €160,000 | €170,000 | +€10,000 | +6.3% |
| Other amounts receivable | 291 | €160,000 | €170,000 | +€10,000 | +6.3% |
| Amounts receivable within one year | 40/41 | €405,452 | €224,188 | -€181,265 | -44.7% |
| Trade receivables | 40 | €335,958 | €186,725 | -€149,233 | -44.4% |
| Other amounts receivable | 41 | €69,494 | €37,462 | -€32,032 | -46.1% |
| Cash at bank and in hand | 54/58 | €121,109 | €303,854 | +€182,744 | +151% |
| Deferred charges and accrued income | 490/1 | €30,708 | €43,316 | +€12,608 | +41.1% |
| Total equity and liabilities | 10/49 | €732,556 | €750,271 | +€17,715 | +2.4% |
| Equity | 10/15 | €196,320 | €240,706 | +€44,385 | +22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €177,720 | €222,106 | +€44,385 | +25.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €175,860 | €220,246 | +€44,385 | +25.2% |
| Amounts payable | 17/49 | €536,236 | €509,566 | -€26,670 | -5.0% |
| Amounts payable after more than one year | 17 | €14,626 | €10,418 | -€4,209 | -28.8% |
| Financial debts | 170/4 | €14,626 | €10,418 | -€4,209 | -28.8% |
| Amounts payable within one year | 42/48 | €521,610 | €499,148 | -€22,462 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €4,531 | €4,209 | -€322 | -7.1% |
| Financial debts | 43 | €67,901 | €86,789 | +€18,888 | +27.8% |
| Credit institutions | 430/8 | €67,901 | €86,789 | +€18,888 | +27.8% |
| Trade debts | 44 | €257,895 | €256,822 | -€1,073 | -0.4% |
| Suppliers | 440/4 | €257,895 | €256,822 | -€1,073 | -0.4% |
| Taxes, remuneration and social security | 45 | €191,283 | €151,328 | -€39,955 | -20.9% |
| Taxes | 450/3 | €116,663 | €126,009 | +€9,347 | +8.0% |
| Remuneration and social security | 454/9 | €74,621 | €25,319 | -€49,302 | -66.1% |
| Non-recurring operating income | 76A | €7,476 | - | -€7,476 | |
| Remuneration, social security and pensions | 62 | €350,987 | €352,086 | +€1,098 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,079 | €6,373 | -€1,706 | -21.1% |
| Other operating charges | 640/8 | €20,727 | €6,602 | -€14,125 | -68.1% |
| Gross operating margin | 9900 | €521,570 | €551,813 | +€30,243 | +5.8% |
| Operating profit (loss) | 9901 | €141,776 | €186,753 | +€44,976 | +31.7% |
| Financial income | 75/76B | €11,812 | €12,806 | +€994 | +8.4% |
| Recurring financial income | 75 | €11,812 | €12,806 | +€994 | +8.4% |
| Financial charges | 65/66B | €11,467 | €10,054 | -€1,413 | -12.3% |
| Recurring financial charges | 65 | €11,467 | €10,054 | -€1,413 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €142,122 | €189,505 | +€47,383 | +33.3% |
| Income taxes | 67/77 | €33,989 | €45,120 | +€11,130 | +32.7% |
| Profit (loss) for the period | 9904 | €108,132 | €144,385 | +€36,253 | +33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €108,132 | €144,385 | +€36,253 | +33.5% |
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 26 October 2026 via checked.be.