CASSARI: 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.
What changed
CASSARI
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€104,414
2024 · €69,874+€34,540
Equity
€334,804
2024 · €264,065+€70,739
Cash
€253,082
2024 · €173,951+€79,131
Balance sheet total
€566,625
2024 · €508,532+€58,093
Largest movements
Assets
- Cash +€79,131
up €79,131 (+45.5%), from €173,951 to €253,082
mainly Net result for the year (+€104,414) and Depreciation (+€24,806)
- Tangible fixed assets -€22,343
down €22,343 (-9.3%), from €240,954 to €218,611
of which Land and buildings: -€20,331
Equity and liabilities
- Reserves +€70,739
up €70,739 (+28.8%), from €245,473 to €316,212
- Debts after one year -€20,682
down €20,682 (-11.6%), from €178,881 to €158,199
Income statement
- Gross operating margin +€59,045
up €59,045 (+32.2%), from €183,211 to €242,257
- Taxes +€18,209
up €18,209 (+52.5%), from €34,689 to €52,898
- Staff costs +€10,133
up €10,133 (+23.1%), from €43,790 to €53,923
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.
Result 2024
€69,874
Gross operating margin
+€59,045
Staff costs
-€10,133
Depreciation
+€1,396
Other operating charges
+€23
Financial income
+€1,307
Financial charges
+€1,111
Taxes
-€18,209
Result 2025
€104,414
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.
From operations
+€135,321
Investment
-€2,464
Financing
-€53,727
Cash 2024
€173,951
From operations (derived)
+€135,321
Net result for the year
+€104,414
Depreciation
+€24,806
Stocks and contracts
-€1,194
Deferred charges and accrued income
-€111
Trade debts
+€3,817
Tax, wage and social debts
+€1,349
Other debts
+€2,241
Investment (derived)
-€2,464
Investment in fixed assets (net)
-€2,464
Financing
-€53,727
Debts after one year
-€20,682
Current portion of long-term debt
+€239
Short-term financial debts
+€392
Contributions, distributions and other
-€33,676
Cash 2025
€253,082
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €508,532 | €566,625 | +€58,093 | +11.4% |
| Fixed assets | 21/28 | €240,954 | €218,611 | -€22,343 | -9.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €240,954 | €218,611 | -€22,343 | -9.3% |
| Land and buildings | 22 | €225,101 | €204,770 | -€20,331 | -9.0% |
| Plant, machinery and equipment | 23 | €15,409 | €12,713 | -€2,696 | -17.5% |
| Furniture and vehicles | 24 | €444 | €1,129 | +€684 | +154.0% |
| Current assets | 29/58 | €267,578 | €348,014 | +€80,436 | +30.1% |
| Stocks and contracts in progress | 3 | €90,513 | €91,708 | +€1,194 | +1.3% |
| Stocks | 30/36 | €90,513 | €91,708 | +€1,194 | +1.3% |
| Amounts receivable within one year | 40/41 | €330 | €330 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €330 | €330 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €173,951 | €253,082 | +€79,131 | +45.5% |
| Deferred charges and accrued income | 490/1 | €2,784 | €2,895 | +€111 | +4.0% |
| Total equity and liabilities | 10/49 | €508,532 | €566,625 | +€58,093 | +11.4% |
| Equity | 10/15 | €264,065 | €334,804 | +€70,739 | +26.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €245,473 | €316,212 | +€70,739 | +28.8% |
| Distributable reserves | 133 | €245,473 | €316,212 | +€70,739 | +28.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €244,467 | €231,822 | -€12,645 | -5.2% |
| Amounts payable after more than one year | 17 | €178,881 | €158,199 | -€20,682 | -11.6% |
| Financial debts | 170/4 | €178,881 | €158,199 | -€20,682 | -11.6% |
| Amounts payable within one year | 42/48 | €65,586 | €73,623 | +€8,037 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €20,443 | €20,682 | +€239 | +1.2% |
| Financial debts | 43 | €6,000 | €6,392 | +€392 | +6.5% |
| Credit institutions | 430/8 | - | €6,392 | +€6,392 | |
| Other loans | 439 | €6,000 | €0 | -€6,000 | -100.0% |
| Trade debts | 44 | €2,104 | €5,921 | +€3,817 | +181.4% |
| Suppliers | 440/4 | €2,104 | €5,921 | +€3,817 | +181.4% |
| Taxes, remuneration and social security | 45 | €30,962 | €32,310 | +€1,349 | +4.4% |
| Taxes | 450/3 | €23,297 | €26,402 | +€3,105 | +13.3% |
| Remuneration and social security | 454/9 | €7,665 | €5,908 | -€1,756 | -22.9% |
| Other amounts payable | 47/48 | €6,077 | €8,318 | +€2,241 | +36.9% |
| Remuneration, social security and pensions | 62 | €43,790 | €53,923 | +€10,133 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,202 | €24,806 | -€1,396 | -5.3% |
| Other operating charges | 640/8 | €8,264 | €8,241 | -€23 | -0.3% |
| Gross operating margin | 9900 | €183,211 | €242,257 | +€59,045 | +32.2% |
| Operating profit (loss) | 9901 | €104,956 | €155,287 | +€50,331 | +48.0% |
| Financial income | 75/76B | €5,131 | €6,439 | +€1,307 | +25.5% |
| Recurring financial income | 75 | €5,131 | €6,439 | +€1,307 | +25.5% |
| Financial charges | 65/66B | €5,525 | €4,413 | -€1,111 | -20.1% |
| Recurring financial charges | 65 | €5,525 | €4,413 | -€1,111 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €104,562 | €157,312 | +€52,750 | +50.4% |
| Income taxes | 67/77 | €34,689 | €52,898 | +€18,209 | +52.5% |
| Profit (loss) for the period | 9904 | €69,874 | €104,414 | +€34,540 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,874 | €104,414 | +€34,540 | +49.4% |
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 2 October 2026 via checked.be.