CASSIDA: 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.
CASSIDA
Largest movements
- Cash -€2.1m
down €2.1m (-64.5%), from €3.3m to €1.2m
mainly Debts after one year (-€2.3m) and Receivables within one year (-€49,708)
- Debts after one year -€2.3m
down €2.3m (-93.6%), from €2.5m to €161,440
- Reserves +€271,001
up €271,001 (+13.2%), from €2.1m to €2.3m
of which Distributable reserves: +€309,633
- Financial income -€205,981
down €205,981 (-30.1%), from €684,056 to €478,075
of which Non-recurring financial income: -€476,422
- Taxes -€54,639
down €54,639 (-33.2%), from €164,802 to €110,163
- Gross operating margin -€31,880
down €31,880 (-84.0%), from €37,971 to €6,091
- Other operating charges -€11,811
down €11,811 (-53.9%), from €21,907 to €10,096
- Depreciation -€7,165
down €7,165 (-10.8%), from €66,183 to €59,018
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,784,526 | €5,691,345 | -€2.1m | -26.9% |
| Fixed assets | 21/28 | €743,047 | €687,408 | -€55,639 | -7.5% |
| Tangible fixed assets | 22/27 | €743,047 | €687,407 | -€55,640 | -7.5% |
| Land and buildings | 22 | €682,918 | €647,930 | -€34,988 | -5.1% |
| Plant, machinery and equipment | 23 | €1,446 | €4,232 | +€2,786 | +193% |
| Furniture and vehicles | 24 | €58,683 | €35,245 | -€23,438 | -39.9% |
| Financial fixed assets | 28 | - | €1 | +€1 | |
| Current assets | 29/58 | €7,041,479 | €5,003,937 | -€2.0m | -28.9% |
| Amounts receivable after more than one year | 29 | €2,570,000 | €2,570,000 | = | 0.0% |
| Trade receivables | 290 | €2,570,000 | €2,570,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,077,362 | €1,094,288 | +€16,926 | +1.6% |
| Stocks | 30/36 | €1,077,362 | €1,094,288 | +€16,926 | +1.6% |
| Amounts receivable within one year | 40/41 | €123,122 | €172,830 | +€49,708 | +40.4% |
| Trade receivables | 40 | €114,438 | €146,211 | +€31,773 | +27.8% |
| Other amounts receivable | 41 | €8,684 | €26,619 | +€17,935 | +207% |
| Cash at bank and in hand | 54/58 | €3,268,937 | €1,161,763 | -€2.1m | -64.5% |
| Deferred charges and accrued income | 490/1 | €2,058 | €5,056 | +€2,998 | +146% |
| Total equity and liabilities | 10/49 | €7,784,526 | €5,691,345 | -€2.1m | -26.9% |
| Equity | 10/15 | €2,943,054 | €3,214,055 | +€271,001 | +9.2% |
| Contributions | 10/11 | €883,740 | €883,740 | = | 0.0% |
| Capital | 10 | €883,740 | €883,740 | = | 0.0% |
| Issued capital | 100 | €883,740 | €883,740 | = | 0.0% |
| Reserves | 13 | €2,059,314 | €2,330,315 | +€271,001 | +13.2% |
| Non-distributable reserves | 130/1 | €58,000 | €58,000 | = | 0.0% |
| Legal reserve | 130 | €58,000 | €58,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,632 | - | -€38,632 | |
| Distributable reserves | 133 | €1,962,682 | €2,272,315 | +€309,633 | +15.8% |
| Amounts payable | 17/49 | €4,841,472 | €2,477,290 | -€2.4m | -48.8% |
| Amounts payable after more than one year | 17 | €2,503,395 | €161,440 | -€2.3m | -93.6% |
| Financial debts | 170/4 | €2,503,395 | €161,440 | -€2.3m | -93.6% |
| Amounts payable within one year | 42/48 | €2,303,991 | €2,281,764 | -€22,227 | -1.0% |
| Trade debts | 44 | €37,629 | €27,270 | -€10,359 | -27.5% |
| Suppliers | 440/4 | €37,629 | €27,270 | -€10,359 | -27.5% |
| Taxes, remuneration and social security | 45 | €2,214 | €2,214 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,214 | €2,214 | = | 0.0% |
| Other amounts payable | 47/48 | €2,264,148 | €2,252,280 | -€11,868 | -0.5% |
| Accrued charges and deferred income | 492/3 | €34,086 | €34,086 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €316 | €308 | -€8 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,183 | €59,018 | -€7,165 | -10.8% |
| Other operating charges | 640/8 | €21,907 | €10,096 | -€11,811 | -53.9% |
| Gross operating margin | 9900 | €37,971 | €6,091 | -€31,880 | -84.0% |
| Operating profit (loss) | 9901 | -€50,435 | -€63,331 | -€12,896 | -25.6% |
| Financial income | 75/76B | €684,056 | €478,075 | -€205,981 | -30.1% |
| Recurring financial income | 75 | €207,634 | €478,075 | +€270,441 | +130% |
| Non-recurring financial income | 76B | €476,422 | - | -€476,422 | |
| Financial charges | 65/66B | €33,618 | €33,580 | -€38 | -0.1% |
| Recurring financial charges | 65 | €33,618 | €33,580 | -€38 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €600,003 | €381,164 | -€218,839 | -36.5% |
| Income taxes | 67/77 | €164,802 | €110,163 | -€54,639 | -33.2% |
| Profit (loss) for the period | 9904 | €435,201 | €271,001 | -€164,200 | -37.7% |
| Transfer from tax-exempt reserves | 789 | €38,632 | €38,632 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €473,833 | €309,633 | -€164,200 | -34.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.