CASSANDRA: 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.
CASSANDRA
Largest movements
- Stocks and contracts -€566,621
down €566,621 (-58.8%), from €962,969 to €396,348
- Current investments -€300,000
down €300,000 (-37.5%), from €800,000 to €500,000
- Receivables within one year +€147,262
up €147,262 (+1959.4%), from €7,516 to €154,778
of which Trade receivables: +€95,964
- Cash -€51,848
down €51,848 (-55.1%), from €94,020 to €42,172
mainly Other debts (-€841,123) and Receivables within one year (-€147,262)
- Other debts -€841,123
down €841,123 (-100.0%), from €841,123 to €0
- Trade debts +€47,367
up €47,367 (+745.4%), from €6,355 to €53,722
- Write-downs -€65,232
down €65,232 (-100.0%), from €65,232 to €0
- Financial income -€22,597
down €22,597 (-52.9%), from €42,724 to €20,127
- Gross operating margin +€8,773
up €8,773 (+41.6%), from -€21,109 to -€12,337
- Financial charges -€1,558
down €1,558 (-100.0%), from €1,558 to €0
- Other operating charges +€322
up €322 (+48.9%), from €657 to €979
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 | €1,869,271 | €1,097,364 | -€771,907 | -41.3% |
| Current assets | 29/58 | €1,869,271 | €1,097,364 | -€771,907 | -41.3% |
| Stocks and contracts in progress | 3 | €962,969 | €396,348 | -€566,621 | -58.8% |
| Stocks | 30/36 | €962,969 | €396,348 | -€566,621 | -58.8% |
| Amounts receivable within one year | 40/41 | €7,516 | €154,778 | +€147,262 | +1959.4% |
| Trade receivables | 40 | €0 | €95,964 | +€95,964 | |
| Other amounts receivable | 41 | €7,516 | €58,813 | +€51,297 | +682.5% |
| Current investments | 50/53 | €800,000 | €500,000 | -€300,000 | -37.5% |
| Cash at bank and in hand | 54/58 | €94,020 | €42,172 | -€51,848 | -55.1% |
| Deferred charges and accrued income | 490/1 | €4,766 | €4,067 | -€700 | -14.7% |
| Total equity and liabilities | 10/49 | €1,869,271 | €1,097,364 | -€771,907 | -41.3% |
| Equity | 10/15 | €1,021,793 | €1,028,604 | +€6,811 | +0.7% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €0 | - | = | |
| Other | 1109/19 | €0 | - | = | |
| Reserves | 13 | €21,793 | €28,604 | +€6,811 | +31.3% |
| Non-distributable reserves | 130/1 | - | €341 | +€341 | |
| Legal reserve | 130 | - | €341 | +€341 | |
| Distributable reserves | 133 | €21,793 | €28,263 | +€6,471 | +29.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €847,478 | €68,760 | -€778,719 | -91.9% |
| Amounts payable within one year | 42/48 | €847,478 | €68,760 | -€778,719 | -91.9% |
| Trade debts | 44 | €6,355 | €53,722 | +€47,367 | +745.4% |
| Suppliers | 440/4 | €6,355 | €53,722 | +€47,367 | +745.4% |
| Taxes, remuneration and social security | 45 | €0 | €15,038 | +€15,038 | |
| Taxes | 450/3 | €0 | €15,038 | +€15,038 | |
| Other amounts payable | 47/48 | €841,123 | €0 | -€841,123 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €65,232 | €0 | -€65,232 | -100.0% |
| Other operating charges | 640/8 | €657 | €979 | +€322 | +48.9% |
| Gross operating margin | 9900 | -€21,109 | -€12,337 | +€8,773 | +41.6% |
| Operating profit (loss) | 9901 | -€86,999 | -€13,316 | +€73,683 | +84.7% |
| Financial income | 75/76B | €42,724 | €20,127 | -€22,597 | -52.9% |
| Recurring financial income | 75 | €42,724 | €20,127 | -€22,597 | -52.9% |
| Financial charges | 65/66B | €1,558 | €0 | -€1,558 | -100.0% |
| Recurring financial charges | 65 | €1,558 | €0 | -€1,558 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€45,832 | €6,811 | +€52,644 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€45,832 | €6,811 | +€52,644 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,832 | €6,811 | +€52,644 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.