Cassimo: 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.
Cassimo
Largest movements
- Tangible fixed assets +€910,884
up €910,884 (+60.6%), from €1.5m to €2.4m
of which Land and buildings: +€910,884
- Cash -€137,683
down €137,683 (-60.7%), from €226,669 to €88,986
mainly Investment in fixed assets (net) (-€976,000) and Tax, wage and social debts (-€70,000)
- Debts after one year +€625,319
up €625,319 (+677.4%), from €92,310 to €717,629
- Other debts +€201,500
up €201,500 (+22.3%), from €904,426 to €1.1m
- Tax, wage and social debts -€70,000
no longer reported in 2025 (was €70,000)
of which Remuneration and social security: -€45,000
- Current portion of long-term debt +€54,371
up €54,371 (+47.5%), from €114,403 to €168,774
- Other operating charges +€174,487
up €174,487 (+385.8%), from €45,223 to €219,710
- Taxes -€51,879
down €51,879 (-98.6%), from €52,632 to €753
- Gross operating margin -€44,050
down €44,050 (-13.8%), from €320,076 to €276,026
- Financial income +€20,848
new in 2025: €20,848
- Financial charges +€13,624
up €13,624 (+128.2%), from €10,631 to €24,255
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 | €1,997,989 | €2,793,210 | +€795,220 | +39.8% |
| Fixed assets | 21/28 | €1,771,320 | €2,682,204 | +€910,884 | +51.4% |
| Tangible fixed assets | 22/27 | €1,503,520 | €2,414,404 | +€910,884 | +60.6% |
| Land and buildings | 22 | €1,503,520 | €2,414,404 | +€910,884 | +60.6% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €267,800 | €267,800 | = | 0.0% |
| Current assets | 29/58 | €226,669 | €111,006 | -€115,663 | -51.0% |
| Amounts receivable within one year | 40/41 | - | €22,020 | +€22,020 | |
| Other amounts receivable | 41 | - | €22,020 | +€22,020 | |
| Cash at bank and in hand | 54/58 | €226,669 | €88,986 | -€137,683 | -60.7% |
| Total equity and liabilities | 10/49 | €1,997,989 | €2,793,210 | +€795,220 | +39.8% |
| Equity | 10/15 | €813,840 | €800,881 | -€12,960 | -1.6% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €140,959 | €140,959 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,273 | €18,273 | = | 0.0% |
| Legal reserve | 130 | €18,273 | €18,273 | = | 0.0% |
| Distributable reserves | 133 | €122,686 | €122,686 | = | 0.0% |
| Profit (loss) carried forward | 14 | €598,513 | €585,554 | -€12,960 | -2.2% |
| Amounts payable | 17/49 | €1,184,149 | €1,992,329 | +€808,180 | +68.2% |
| Amounts payable after more than one year | 17 | €92,310 | €717,629 | +€625,319 | +677.4% |
| Financial debts | 170/4 | €92,310 | €717,629 | +€625,319 | +677.4% |
| Amounts payable within one year | 42/48 | €1,091,839 | €1,274,700 | +€182,861 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €114,403 | €168,774 | +€54,371 | +47.5% |
| Trade debts | 44 | €3,010 | - | -€3,010 | |
| Suppliers | 440/4 | €3,010 | - | -€3,010 | |
| Taxes, remuneration and social security | 45 | €70,000 | - | -€70,000 | |
| Taxes | 450/3 | €25,000 | - | -€25,000 | |
| Remuneration and social security | 454/9 | €45,000 | - | -€45,000 | |
| Other amounts payable | 47/48 | €904,426 | €1,105,926 | +€201,500 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,973 | €65,116 | +€7,143 | +12.3% |
| Other operating charges | 640/8 | €45,223 | €219,710 | +€174,487 | +385.8% |
| Gross operating margin | 9900 | €320,076 | €276,026 | -€44,050 | -13.8% |
| Operating profit (loss) | 9901 | €216,880 | -€8,800 | -€225,680 | |
| Financial income | 75/76B | - | €20,848 | +€20,848 | |
| Recurring financial income | 75 | - | €20,848 | +€20,848 | |
| Financial charges | 65/66B | €10,631 | €24,255 | +€13,624 | +128.2% |
| Recurring financial charges | 65 | €10,631 | €24,255 | +€13,624 | +128.2% |
| Profit (loss) for the period before taxes | 9903 | €206,250 | -€12,207 | -€218,456 | |
| Income taxes | 67/77 | €52,632 | €753 | -€51,879 | -98.6% |
| Profit (loss) for the period | 9904 | €153,617 | -€12,960 | -€166,577 | |
| Profit (loss) for the period to be appropriated | 9905 | €153,617 | -€12,960 | -€166,577 |
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 6 October 2026 via checked.be.