CASSART ISOBEC: 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.
CASSART ISOBEC
Largest movements
- Receivables within one year -€21,820
down €21,820 (-25.1%), from €87,007 to €65,187
of which Trade receivables: -€19,148
- Tangible fixed assets -€9,543
down €9,543 (-1.8%), from €540,435 to €530,892
of which Plant, machinery and equipment: -€5,523
- Debts after one year -€30,000
down €30,000 (-66.7%), from €45,000 to €15,000
- Current portion of long-term debt +€15,000
new in 2022: €15,000
- Other debts -€6,637
down €6,637 (-10.4%), from €63,962 to €57,325
- Depreciation +€3,710
up €3,710 (+63.6%), from €5,833 to €9,543
- Taxes -€2,189
down €2,189, from €2,135 to -€55
- Financial charges +€484
up €484 (+34.8%), from €1,392 to €1,876
- Gross operating margin +€353
up €353 (+2.5%), from €14,144 to €14,497
- Other operating charges +€344
up €344 (+31.7%), from €1,088 to €1,432
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €660,892 | €643,725 | -€17,166 | -2.6% |
| Fixed assets | 21/28 | €573,885 | €564,342 | -€9,543 | -1.7% |
| Tangible fixed assets | 22/27 | €540,435 | €530,892 | -€9,543 | -1.8% |
| Land and buildings | 22 | €504,409 | €500,606 | -€3,803 | -0.8% |
| Plant, machinery and equipment | 23 | €22,302 | €16,779 | -€5,523 | -24.8% |
| Furniture and vehicles | 24 | €435 | €217 | -€217 | -50.0% |
| Other tangible fixed assets | 26 | €13,290 | €13,290 | = | 0.0% |
| Financial fixed assets | 28 | €33,450 | €33,450 | = | 0.0% |
| Current assets | 29/58 | €87,007 | €79,383 | -€7,623 | -8.8% |
| Stocks and contracts in progress | 3 | - | €3,600 | +€3,600 | |
| Stocks | 30/36 | - | €3,600 | +€3,600 | |
| Amounts receivable within one year | 40/41 | €87,007 | €65,187 | -€21,820 | -25.1% |
| Trade receivables | 40 | €84,334 | €65,187 | -€19,148 | -22.7% |
| Other amounts receivable | 41 | €2,672 | - | -€2,672 | |
| Cash at bank and in hand | 54/58 | - | €4,528 | +€4,528 | |
| Deferred charges and accrued income | 490/1 | - | €6,068 | +€6,068 | |
| Total equity and liabilities | 10/49 | €660,892 | €643,725 | -€17,166 | -2.6% |
| Equity | 10/15 | €549,579 | €551,280 | +€1,701 | +0.3% |
| Contributions | 10/11 | €467,487 | €467,487 | = | 0.0% |
| Capital | 10 | €467,487 | €467,487 | = | 0.0% |
| Issued capital | 100 | €467,487 | €467,487 | = | 0.0% |
| Reserves | 13 | €73,120 | €73,120 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,750 | €3,750 | = | 0.0% |
| Legal reserve | 130 | €3,750 | €3,750 | = | 0.0% |
| Distributable reserves | 133 | €69,370 | €69,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,972 | €10,673 | +€1,701 | +19.0% |
| Amounts payable | 17/49 | €111,313 | €92,445 | -€18,867 | -16.9% |
| Amounts payable after more than one year | 17 | €45,000 | €15,000 | -€30,000 | -66.7% |
| Financial debts | 170/4 | €45,000 | €15,000 | -€30,000 | -66.7% |
| Amounts payable within one year | 42/48 | €66,313 | €77,318 | +€11,005 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | - | €15,000 | +€15,000 | |
| Financial debts | 43 | €187 | - | -€187 | |
| Credit institutions | 430/8 | €187 | - | -€187 | |
| Trade debts | 44 | - | €3,819 | +€3,819 | |
| Suppliers | 440/4 | - | €3,819 | +€3,819 | |
| Taxes, remuneration and social security | 45 | €2,163 | €1,174 | -€989 | -45.7% |
| Taxes | 450/3 | €2,163 | €1,174 | -€989 | -45.7% |
| Other amounts payable | 47/48 | €63,962 | €57,325 | -€6,637 | -10.4% |
| Accrued charges and deferred income | 492/3 | - | €127 | +€127 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,833 | €9,543 | +€3,710 | +63.6% |
| Other operating charges | 640/8 | €1,088 | €1,432 | +€344 | +31.7% |
| Gross operating margin | 9900 | €14,144 | €14,497 | +€353 | +2.5% |
| Operating profit (loss) | 9901 | €7,224 | €3,522 | -€3,702 | -51.2% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,392 | €1,876 | +€484 | +34.8% |
| Recurring financial charges | 65 | €1,392 | €1,876 | +€484 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €5,834 | €1,647 | -€4,188 | -71.8% |
| Income taxes | 67/77 | €2,135 | -€55 | -€2,189 | |
| Profit (loss) for the period | 9904 | €3,700 | €1,701 | -€1,999 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,700 | €1,701 | -€1,999 | -54.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.