CASSAN: 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.
CASSAN
Largest movements
- Tangible fixed assets +€98,983
up €98,983 (+25.6%), from €386,222 to €485,206
of which Land and buildings: +€102,881
- Receivables within one year -€18,123
down €18,123 (-51.7%), from €35,058 to €16,935
of which Trade receivables: -€16,923
- Cash +€10,692
up €10,692 (+151%), from €7,099 to €17,792
mainly Debts after one year (+€49,993) and Net result for the year (+€27,750)
- Debts after one year +€49,993
up €49,993 (+71.5%), from €69,944 to €119,937
- Current portion of long-term debt +€19,791
up €19,791 (+62.8%), from €31,507 to €51,298
- Other debts +€17,625
up €17,625 (+7.1%), from €248,842 to €266,468
- Gross operating margin +€13,152
up €13,152 (+21.5%), from €61,118 to €74,270
- Depreciation +€10,454
up €10,454 (+74.2%), from €14,094 to €24,548
- Financial charges +€3,059
up €3,059 (+42.3%), from €7,234 to €10,293
- Taxes +€2,140
up €2,140 (+32.8%), from €6,525 to €8,665
- Other operating charges -€1,234
down €1,234 (-28.7%), from €4,298 to €3,064
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 | €428,639 | €520,422 | +€91,783 | +21.4% |
| Fixed assets | 21/28 | €386,222 | €485,206 | +€98,983 | +25.6% |
| Tangible fixed assets | 22/27 | €386,222 | €485,206 | +€98,983 | +25.6% |
| Land and buildings | 22 | €354,450 | €457,331 | +€102,881 | +29.0% |
| Plant, machinery and equipment | 23 | €30,187 | €26,907 | -€3,280 | -10.9% |
| Furniture and vehicles | 24 | €1,586 | €968 | -€618 | -39.0% |
| Current assets | 29/58 | €42,416 | €35,216 | -€7,200 | -17.0% |
| Amounts receivable within one year | 40/41 | €35,058 | €16,935 | -€18,123 | -51.7% |
| Trade receivables | 40 | €31,158 | €14,235 | -€16,923 | -54.3% |
| Other amounts receivable | 41 | €3,900 | €2,700 | -€1,200 | -30.8% |
| Cash at bank and in hand | 54/58 | €7,099 | €17,792 | +€10,692 | +151% |
| Deferred charges and accrued income | 490/1 | €260 | €490 | +€231 | +88.8% |
| Total equity and liabilities | 10/49 | €428,639 | €520,422 | +€91,783 | +21.4% |
| Equity | 10/15 | €59,187 | €59,937 | +€750 | +1.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,187 | €54,937 | +€750 | +1.4% |
| Amounts payable | 17/49 | €369,452 | €460,485 | +€91,033 | +24.6% |
| Amounts payable after more than one year | 17 | €69,944 | €119,937 | +€49,993 | +71.5% |
| Financial debts | 170/4 | €69,944 | €119,937 | +€49,993 | +71.5% |
| Amounts payable within one year | 42/48 | €296,351 | €335,756 | +€39,405 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €31,507 | €51,298 | +€19,791 | +62.8% |
| Trade debts | 44 | €9,205 | €9,392 | +€187 | +2.0% |
| Suppliers | 440/4 | €9,205 | €9,392 | +€187 | +2.0% |
| Taxes, remuneration and social security | 45 | €6,796 | €8,598 | +€1,803 | +26.5% |
| Taxes | 450/3 | €6,796 | €8,598 | +€1,803 | +26.5% |
| Other amounts payable | 47/48 | €248,842 | €266,468 | +€17,625 | +7.1% |
| Accrued charges and deferred income | 492/3 | €3,157 | €4,791 | +€1,635 | +51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,094 | €24,548 | +€10,454 | +74.2% |
| Other operating charges | 640/8 | €4,298 | €3,064 | -€1,234 | -28.7% |
| Gross operating margin | 9900 | €61,118 | €74,270 | +€13,152 | +21.5% |
| Operating profit (loss) | 9901 | €42,726 | €46,658 | +€3,932 | +9.2% |
| Financial income | 75/76B | €3 | €50 | +€47 | +1,876% |
| Recurring financial income | 75 | €3 | €50 | +€47 | +1,876% |
| Financial charges | 65/66B | €7,234 | €10,293 | +€3,059 | +42.3% |
| Recurring financial charges | 65 | €7,234 | €10,293 | +€3,059 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | €35,495 | €36,415 | +€920 | +2.6% |
| Income taxes | 67/77 | €6,525 | €8,665 | +€2,140 | +32.8% |
| Profit (loss) for the period | 9904 | €28,970 | €27,750 | -€1,220 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,970 | €27,750 | -€1,220 | -4.2% |
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 17 October 2026 via checked.be.