CASSIMAN ZUIVEL: 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.
CASSIMAN ZUIVEL
Largest movements
- Cash +€36,143
up €36,143 (+73.9%), from €48,909 to €85,052
mainly Other debts (+€26,951) and Receivables within one year (+€16,467)
- Receivables within one year -€16,467
down €16,467 (-9.4%), from €174,718 to €158,251
of which Trade receivables: -€16,238
- Stocks and contracts -€9,070
down €9,070 (-20.9%), from €43,479 to €34,409
- Tangible fixed assets -€6,381
down €6,381 (-46.0%), from €13,882 to €7,502
of which Leasing and similar rights: -€6,194
- Other debts +€26,951
up €26,951 (+371%), from €7,255 to €34,207
- Trade debts -€9,185
down €9,185 (-8.8%), from €104,712 to €95,527
- Reserves -€6,768
down €6,768 (-6.2%), from €108,523 to €101,755
- Debts after one year -€6,646
no longer reported in 2025 (was €6,646)
- Gross operating margin -€12,605
down €12,605 (-35.4%), from €35,594 to €22,989
- Other operating charges -€5,417
down €5,417 (-77.7%), from €6,974 to €1,558
- Write-downs +€2,147
new in 2025: €2,147
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.
Derived cash bridge
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 | €289,573 | €293,895 | +€4,322 | +1.5% |
| Fixed assets | 21/28 | €13,882 | €7,502 | -€6,381 | -46.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €13,882 | €7,502 | -€6,381 | -46.0% |
| Plant, machinery and equipment | 23 | €1,138 | €951 | -€187 | -16.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €12,744 | €6,550 | -€6,194 | -48.6% |
| Current assets | 29/58 | €275,690 | €286,393 | +€10,703 | +3.9% |
| Stocks and contracts in progress | 3 | €43,479 | €34,409 | -€9,070 | -20.9% |
| Stocks | 30/36 | €43,479 | €34,409 | -€9,070 | -20.9% |
| Amounts receivable within one year | 40/41 | €174,718 | €158,251 | -€16,467 | -9.4% |
| Trade receivables | 40 | €173,045 | €156,807 | -€16,238 | -9.4% |
| Other amounts receivable | 41 | €1,674 | €1,445 | -€229 | -13.7% |
| Cash at bank and in hand | 54/58 | €48,909 | €85,052 | +€36,143 | +73.9% |
| Deferred charges and accrued income | 490/1 | €8,584 | €8,681 | +€97 | +1.1% |
| Total equity and liabilities | 10/49 | €289,573 | €293,895 | +€4,322 | +1.5% |
| Equity | 10/15 | €158,523 | €151,755 | -€6,768 | -4.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €108,523 | €101,755 | -€6,768 | -6.2% |
| Distributable reserves | 133 | €108,523 | €101,755 | -€6,768 | -6.2% |
| Amounts payable | 17/49 | €131,049 | €142,140 | +€11,090 | +8.5% |
| Amounts payable after more than one year | 17 | €6,646 | - | -€6,646 | |
| Financial debts | 170/4 | €6,646 | - | -€6,646 | |
| Amounts payable within one year | 42/48 | €124,150 | €142,140 | +€17,990 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €6,423 | €6,646 | +€223 | +3.5% |
| Trade debts | 44 | €104,712 | €95,527 | -€9,185 | -8.8% |
| Suppliers | 440/4 | €104,712 | €95,527 | -€9,185 | -8.8% |
| Taxes, remuneration and social security | 45 | €5,760 | €5,760 | = | 0.0% |
| Taxes | 450/3 | €5,760 | €5,760 | = | 0.0% |
| Other amounts payable | 47/48 | €7,255 | €34,207 | +€26,951 | +371% |
| Accrued charges and deferred income | 492/3 | €253 | - | -€253 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,381 | €6,381 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,147 | +€2,147 | |
| Other operating charges | 640/8 | €6,974 | €1,558 | -€5,417 | -77.7% |
| Gross operating margin | 9900 | €35,594 | €22,989 | -€12,605 | -35.4% |
| Operating profit (loss) | 9901 | €22,239 | €12,904 | -€9,335 | -42.0% |
| Financial income | 75/76B | €21 | €11 | -€10 | -47.4% |
| Recurring financial income | 75 | €21 | €11 | -€10 | -47.4% |
| Financial charges | 65/66B | €810 | €620 | -€190 | -23.5% |
| Recurring financial charges | 65 | €810 | €620 | -€190 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €21,450 | €12,295 | -€9,154 | -42.7% |
| Income taxes | 67/77 | €3,889 | €3,563 | -€326 | -8.4% |
| Profit (loss) for the period | 9904 | €17,560 | €8,732 | -€8,828 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,560 | €8,732 | -€8,828 | -50.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.