CASSIERS PROJECTS: 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.
CASSIERS PROJECTS
Largest movements
- Receivables within one year -€32,722
down €32,722 (-32.6%), from €100,354 to €67,633
of which Trade receivables: -€28,860
- Tangible fixed assets -€25,499
down €25,499 (-38.3%), from €66,652 to €41,154
of which Furniture and vehicles: -€25,191
- Cash +€10,675
up €10,675 (+73.6%), from €14,510 to €25,185
mainly Receivables within one year (+€32,722) and Depreciation (+€26,548)
- Debts after one year -€22,309
down €22,309 (-41.1%), from €54,290 to €31,981
- Reserves -€16,843
down €16,843 (-47.5%), from €35,465 to €18,621
- Advances received -€13,160
down €13,160 (-100.0%), from €13,160 to €0
- Trade debts +€9,414
up €9,414 (+26.4%), from €35,622 to €45,037
- Current portion of long-term debt -€4,624
down €4,624 (-17.2%), from €26,933 to €22,309
- Gross operating margin -€9,485
down €9,485 (-34.7%), from €27,370 to €17,886
- Financial charges -€1,035
down €1,035 (-18.9%), from €5,474 to €4,439
- Other operating charges +€484
up €484 (+18.4%), from €2,631 to €3,115
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 | €183,117 | €137,171 | -€45,946 | -25.1% |
| Fixed assets | 21/28 | €66,652 | €42,314 | -€24,339 | -36.5% |
| Tangible fixed assets | 22/27 | €66,652 | €41,154 | -€25,499 | -38.3% |
| Plant, machinery and equipment | 23 | €2,474 | €2,167 | -€307 | -12.4% |
| Furniture and vehicles | 24 | €64,178 | €38,986 | -€25,191 | -39.3% |
| Financial fixed assets | 28 | - | €1,160 | +€1,160 | |
| Current assets | 29/58 | €116,465 | €94,858 | -€21,607 | -18.6% |
| Amounts receivable within one year | 40/41 | €100,354 | €67,633 | -€32,722 | -32.6% |
| Trade receivables | 40 | €42,663 | €13,803 | -€28,860 | -67.6% |
| Other amounts receivable | 41 | €57,692 | €53,830 | -€3,862 | -6.7% |
| Cash at bank and in hand | 54/58 | €14,510 | €25,185 | +€10,675 | +73.6% |
| Deferred charges and accrued income | 490/1 | €1,600 | €2,040 | +€440 | +27.5% |
| Total equity and liabilities | 10/49 | €183,117 | €137,171 | -€45,946 | -25.1% |
| Equity | 10/15 | €41,465 | €24,621 | -€16,843 | -40.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €35,465 | €18,621 | -€16,843 | -47.5% |
| Distributable reserves | 133 | €35,465 | €18,621 | -€16,843 | -47.5% |
| Amounts payable | 17/49 | €141,652 | €112,550 | -€29,102 | -20.5% |
| Amounts payable after more than one year | 17 | €54,290 | €31,981 | -€22,309 | -41.1% |
| Financial debts | 170/4 | €54,290 | €31,981 | -€22,309 | -41.1% |
| Amounts payable within one year | 42/48 | €87,362 | €80,569 | -€6,793 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €26,933 | €22,309 | -€4,624 | -17.2% |
| Trade debts | 44 | €35,622 | €45,037 | +€9,414 | +26.4% |
| Suppliers | 440/4 | €35,622 | €45,037 | +€9,414 | +26.4% |
| Advances received on contracts in progress | 46 | €13,160 | €0 | -€13,160 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,472 | €5,005 | +€534 | +11.9% |
| Taxes | 450/3 | €272 | €805 | +€534 | +196.2% |
| Remuneration and social security | 454/9 | €4,200 | €4,200 | = | 0.0% |
| Other amounts payable | 47/48 | €7,176 | €8,218 | +€1,042 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,617 | €26,548 | -€69 | -0.3% |
| Other operating charges | 640/8 | €2,631 | €3,115 | +€484 | +18.4% |
| Gross operating margin | 9900 | €27,370 | €17,886 | -€9,485 | -34.7% |
| Operating profit (loss) | 9901 | -€1,878 | -€11,778 | -€9,900 | -527.3% |
| Financial income | 75/76B | €7 | €6 | -€1 | -15.6% |
| Recurring financial income | 75 | €7 | €6 | -€1 | -15.6% |
| Financial charges | 65/66B | €5,474 | €4,439 | -€1,035 | -18.9% |
| Recurring financial charges | 65 | €5,474 | €4,439 | -€1,035 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,344 | -€16,210 | -€8,866 | -120.7% |
| Income taxes | 67/77 | €583 | €633 | +€51 | +8.7% |
| Profit (loss) for the period | 9904 | -€7,927 | -€16,843 | -€8,917 | -112.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,927 | -€16,843 | -€8,917 | -112.5% |
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 4 October 2026 via checked.be.