CASSANDRIA: 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.
CASSANDRIA
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+144.4%), from €907,624 to €2.2m
of which Land and buildings: +€1.3m
- Receivables within one year +€266,114
new in 2025: €266,114
- Debts after one year +€1.4m
up €1.4m (+240.0%), from €600,000 to €2.0m
- Contributions +€250,000
up €250,000 (+41.7%), from €600,100 to €850,100
- Profit (loss) carried forward -€157,072
down €157,072 (-71.1%), from -€220,920 to -€377,992
- Current portion of long-term debt +€51,768
new in 2025: €51,768
- Depreciation +€37,169
up €37,169 (+503.0%), from €7,390 to €44,559
- Financial charges -€13,090
down €13,090 (-45.5%), from €28,799 to €15,709
- Gross operating margin +€7,839
up €7,839 (+7.6%), from -€102,970 to -€95,131
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 | €1,046,769 | €2,617,174 | +€1.6m | +150.0% |
| Fixed assets | 21/28 | €925,371 | €2,235,583 | +€1.3m | +141.6% |
| Tangible fixed assets | 22/27 | €907,624 | €2,217,836 | +€1.3m | +144.4% |
| Land and buildings | 22 | €907,624 | €2,215,479 | +€1.3m | +144.1% |
| Plant, machinery and equipment | 23 | - | €2,357 | +€2,357 | |
| Financial fixed assets | 28 | €17,747 | €17,747 | = | 0.0% |
| Current assets | 29/58 | €121,398 | €381,591 | +€260,194 | +214.3% |
| Amounts receivable within one year | 40/41 | - | €266,114 | +€266,114 | |
| Other amounts receivable | 41 | - | €266,114 | +€266,114 | |
| Cash at bank and in hand | 54/58 | €114,456 | €110,137 | -€4,318 | -3.8% |
| Deferred charges and accrued income | 490/1 | €6,942 | €5,340 | -€1,602 | -23.1% |
| Total equity and liabilities | 10/49 | €1,046,769 | €2,617,174 | +€1.6m | +150.0% |
| Equity | 10/15 | €379,180 | €472,108 | +€92,928 | +24.5% |
| Contributions | 10/11 | €600,100 | €850,100 | +€250,000 | +41.7% |
| Profit (loss) carried forward | 14 | -€220,920 | -€377,992 | -€157,072 | -71.1% |
| Amounts payable | 17/49 | €667,588 | €2,145,066 | +€1.5m | +221.3% |
| Amounts payable after more than one year | 17 | €600,000 | €2,040,237 | +€1.4m | +240.0% |
| Financial debts | 170/4 | €600,000 | €2,040,237 | +€1.4m | +240.0% |
| Amounts payable within one year | 42/48 | €27,130 | €64,371 | +€37,241 | +137.3% |
| Current portion of amounts payable after more than one year | 42 | - | €51,768 | +€51,768 | |
| Trade debts | 44 | €14,718 | €5,100 | -€9,618 | -65.4% |
| Suppliers | 440/4 | €14,718 | €5,100 | -€9,618 | -65.4% |
| Taxes, remuneration and social security | 45 | €10,696 | €7,288 | -€3,408 | -31.9% |
| Taxes | 450/3 | €10,696 | €7,288 | -€3,408 | -31.9% |
| Other amounts payable | 47/48 | €1,717 | €216 | -€1,501 | -87.4% |
| Accrued charges and deferred income | 492/3 | €40,458 | €40,458 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,390 | €44,559 | +€37,169 | +503.0% |
| Other operating charges | 640/8 | €2,848 | €2,081 | -€767 | -26.9% |
| Non-recurring operating charges | 66A | €150,000 | - | -€150,000 | |
| Gross operating margin | 9900 | -€102,970 | -€95,131 | +€7,839 | +7.6% |
| Operating profit (loss) | 9901 | -€263,208 | -€141,772 | +€121,436 | +46.1% |
| Financial income | 75/76B | - | €408 | +€408 | |
| Recurring financial income | 75 | - | €408 | +€408 | |
| Financial charges | 65/66B | €28,799 | €15,709 | -€13,090 | -45.5% |
| Recurring financial charges | 65 | €28,799 | €15,709 | -€13,090 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | -€292,006 | -€157,072 | +€134,935 | +46.2% |
| Profit (loss) for the period | 9904 | -€292,006 | -€157,072 | +€134,935 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€292,006 | -€157,072 | +€134,935 | +46.2% |
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 12 October 2026 via checked.be.